We are a logistics human resources solutions provider specializing in offering
staffing solutions to airport terminal services providers and aviation services
providers. We offer services to customers from the aviation industry in Hong
Kong. We operate our business in Hong Kong through our indirect wholly-owned
Operating Subsidiary, Timwood Asia Logistics Limited. We focus on bridging the
labor gap in (i) cargo handling services; (ii) airport ground handling services;
and (iii) terminal passenger services. Our mission is to deliver safety-focused,
hospitality-driven staffing solutions that maximize operational efficiency and
passenger satisfaction. For the fiscal years ended June 30, 2025 and 2024, our
revenue amounted to approximately US$7.2 million and US$5.8 million,
respectively.
Cargo Handling Services
We partner with airport terminal services providers in Hong Kong and provide
manpower to them for delivering comprehensive cargo handling services to
airlines and freight forwarders. We assist airport terminal services providers
to drive efficiency, accuracy and rapid cargo turnaround. Our service offerings
include providing workers to station at warehouses at airport terminals for (i)
physical cargo handling for import and export shipments; and (ii) operating
forklifts. The warehousemen we provide work around the clock and are responsible
for handling shipments within a 24/7 operation to ensure continuous cargo flow
and efficiency.
We have historically relied on Forward Transportation Company Limited, a related
party, as a major source of our revenue for our cargo handling services. For the
years ended June 30, 2025 and 2024, revenue from Forward Transportation Company
Limited were approximately $2.2 million and $2.7 million, respectively,
representing approximately 57.3% and 83.7% of our cargo handling services
revenue and approximately 30.7% and 46.5% of our total revenue, respectively.
Since July 2025, we no longer generate any revenue from Forward Transportation
Company Limited.
Airport Ground Handling Services
We provide trained personnel to operate specialized vehicles to deliver vital
airport ground handling services on the apron for airport terminal services
providers. We provide critical ground-based support that enables efficient
aircraft turnaround, and ensure cargoes are loaded, unloaded and handled with
speed, accuracy and safety.
Terminal Passenger Services
We partner with aviation services providers in Hong Kong and provide manpower to
them for delivering services to passengers in the restricted areas in the
airport. We assist aviation services providers in ensuring smooth passenger
flows, enhanced safety and pleasant passenger experience for airlines and
travelers, Our service offerings include providing staff to station at
restricted areas in the airport to provide (i) passenger services; (ii) check-in
services; and (iii) identification document verification services.
As of September 2025, Hong Kongβs airfreight sector continues to anchor global
trade as Asiaβs premier gateway, with Hong Kong International Airport (HKIA)
maintaining its title as the worldβs busiest international cargo airport.
In 2024, HKIA handled 4.9 million tons of cargo, up 14.0% year-on-year (YoY).
The Hong Kong freight and logistics market, estimated to be US$22.37 billion in
2025, is projected to grow at a compound annual growth rate (CAGR) of 4.03%
through 2030, reaching US$27.25 billion, fueled by e-commerce, pharmaceuticals,
and the full operationalization of the Three Runway System (3RS)(1) in late
2024. On a 12-mnth rolling basis, cargo throughput grew by 4.1% year-on-year
(YoY) to 5.02 million tons. Challenges include U.S. tariffs, e-commerce volume
softness, and regional competition, but opportunities in sustainability and
digitalization promise resilience.
Hong Kongβs airfreight logistics industry thrives on HKIAβs strategic
positioning, advanced infrastructure, and seamless customs via Electronic Data
Interchange (EDI)(2). Handling high-value, time-sensitive shipments like
electronics, perishables, and pharmaceuticals, the sector supports approximately
45% of Hong Kongβs trade value. The 3RS, fully launched in November 2024, is
expected to expand capacity by 30% to 10 million tons annually by the mid-2030s,
enhancing GBA and Belt and Road Initiative (BRI)(3) synergies.
(1) The 3RS is a major expansion of Hong Kong International Airport (HKIA) that
adds a new third runway, reconfigures an existing one, and expands Terminal
2 to increase capacity, handle more passengers and cargo, and improve
efficiency. Officially launched in November 2024, the 3RS will allow HKIA to
handle up to 120 million passengers and 10 million tons of cargo annually,
solidifying its role as a major international aviation hub.
(2) Electronic Data Interchange (EDI) is the automated, computer-to-computer
exchange of standard business documents, like purchase orders and invoices,
between trading partners, eliminating manual processes and paper for
increased efficiency, speed, and accuracy.
(3) The Belt and Road Initiative (BRI) is a global infrastructure and economic
development strategy launched by the PRC government in 2013. It aims to
invest in over 150 countries and international organizations through six
overland economic corridors and the 21st Century Maritime Silk Road.
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Our registered office is 4th Floor, Harbour Place, 103 South Church Street, P.O.
Box 10240, Grand Cayman, KY1-1002, Cayman Islands and our principal office is
B23, 5/F, Wing Hong Factory Building, 777-783 Yu Chau West Street, Cheung Sha
Wan, Kowloon, Hong Kong. The telephone number of our principal office is
+852-2320 1398. Our agent for service of process in the United States is Cogency
Global Inc., located at 122 East 42nd Street, 18th Floor, New York, NY 10168.
Our corporate website is https://timwoodasia.com.
