| FIVE-LARGEST-CUSTOMERS |
FIVE-LARGEST-CUSTOMERS |
92%
|
For the fiscal years ended December 31, 2025, 2024, and 2023, the revenue from our five largest customers accounted for approximately 48.4%, 53.8% and 44.3%, respectively, of our total revenue |
| ENERGY-LIMITED |
ENERGY-LIMITED |
85%
|
olink Energy Limited, we purchase marine fuel, including low sulfur fuel oil, high sulfur fuel oil and low sulfur marine gas oil, from our suppliers and arrange our suppliers to deliver marine fuel t… |
| OPERATING-SUBSIDIARY-PETROLINK-ENERGY-LIMITED |
OPERATING-SUBSIDIARY-PETROLINK-ENERGY-LIMITED |
85%
|
rimarily container ships, bulk carriers, general cargo vessels, and chemical tankers. Targeting and serving the Asia Pacific market, we leverage our close relationships and partnership within our est… |
| PETROLINK-ENERGY-LIMITED |
PETROLINK-ENERGY-LIMITED |
85%
|
ion. The Company owns 100 % equity interest of (i) Petrolink Energy Limited (“Petrolink Hong Kong”), a limited liability company established in Hong Kong on June 21, 2013; and (ii) Petrolink Energy P… |
| GSIW |
Garden Stage Limited |
72%
|
t One Finance Limited, where she is responsible for strategic decision-making, overseeing operations, AML & compliance, investor relations, business development, risk management and investor relation… |
| GSIW |
Garden Stage Limited |
72%
|
Reciprocal relationship from GSIW graph: Reciprocal relationship from PTLE graph: t One Finance Limited, where she is responsible for strategic decision-making, overseeing operations, AML & complianc… |
| ABLE-GLORY-INTERNATIONAL-INVESTMENT-LIMITED |
ABLE-GLORY-INTERNATIONAL-INVESTMENT-LIMITED |
62%
|
t One Finance Limited, where she is responsible for strategic decision-making, overseeing operations, AML & compliance, investor relations, business development, risk management and investor relation… |
| ALPHA-FINANCIAL-GROUP-LIMITED |
ALPHA-FINANCIAL-GROUP-LIMITED |
62%
|
t One Finance Limited, where she is responsible for strategic decision-making, overseeing operations, AML & compliance, investor relations, business development, risk management and investor relation… |
| AMPLE-CAPITAL-LIMITED |
AMPLE-CAPITAL-LIMITED |
62%
|
t One Finance Limited, where she is responsible for strategic decision-making, overseeing operations, AML & compliance, investor relations, business development, risk management and investor relation… |
| BILLION-GRAND-ENGINEERING-LIMITED |
BILLION-GRAND-ENGINEERING-LIMITED |
62%
|
t One Finance Limited, where she is responsible for strategic decision-making, overseeing operations, AML & compliance, investor relations, business development, risk management and investor relation… |
| BRITISH-VIRGIN-ISLANDS-PTL-LIMITED |
BRITISH-VIRGIN-ISLANDS-PTL-LIMITED |
62%
|
vice expenses we incurred for the application for the listing of becoming a publicly traded company in the United States during the fiscal year ended December 31, 2024, as compared to the fiscal year… |
| BUNKER-HOLDING-GROUP |
BUNKER-HOLDING-GROUP |
62%
|
00 companies offering similar services in the region. As of the date of this annual report, while there are 37 bunker operators published under the Hong Kong Shipping Directory on the website of the … |
| CMBC-SECURITIES-COMPANY-LIMITED |
CMBC-SECURITIES-COMPANY-LIMITED |
62%
|
to joining CMBC Securities Company Limited, Mr. Chan served as the Manager of the Wealth Management division of CITICS Securities International, from July 2011 to July 2017. Mr. Chan received a Bache… |
| FUNDCERTIFY-CPA-PROFESSIONAL-CORPORATION |
FUNDCERTIFY-CPA-PROFESSIONAL-CORPORATION |
62%
|
the extent we choose to follow home country practice currently and in the future, our shareholders may be afforded less protection than they otherwise would under the Nasdaq corporate governance list… |
| HANG-SENG-BANK-LIMITED |
HANG-SENG-BANK-LIMITED |
62%
|
to joining CMBC Securities Company Limited, Mr. Chan served as the Manager of the Wealth Management division of CITICS Securities International, from July 2011 to July 2017. Mr. Chan received a Bache… |
| HOLDING-GROUP |
HOLDING-GROUP |
62%
|
Holding Group, Banle and Fratelli Cosulich S.p.A. In addition to us, other bunkering facilitators and the bunkering divisions of oil majors or traders are also involved in providing vessel refueling … |
| HSBC |
HSBC Holdings plc |
62%
|
Reciprocal relationship from HSBC graph: Reciprocal relationship from PTLE graph: Reciprocal relationship from HSBC graph: Reciprocal relationship from PTLE graph: to joining CMBC Securities Company … |
| JINLIFENG-GROUP-HONG-KONG-LIMITED |
JINLIFENG-GROUP-HONG-KONG-LIMITED |
62%
|
to joining CMBC Securities Company Limited, Mr. Chan served as the Manager of the Wealth Management division of CITICS Securities International, from July 2011 to July 2017. Mr. Chan received a Bache… |
| LOVE360-LIMITED |
LOVE360-LIMITED |
62%
|
t One Finance Limited, where she is responsible for strategic decision-making, overseeing operations, AML & compliance, investor relations, business development, risk management and investor relation… |
| ONE-FINANCE-LIMITED |
ONE-FINANCE-LIMITED |
62%
|
t One Finance Limited, where she is responsible for strategic decision-making, overseeing operations, AML & compliance, investor relations, business development, risk management and investor relation… |
| ONE-LIMITED |
ONE-LIMITED |
62%
|
redit One Limited, a company incorporated in Hong Kong with limited liability (the “License Subsidiary”), holds a money lender license granted by the Licensing Court of Hong Kong pursuant to the Mone… |
| OPERATIONS-PTL-LIMITED |
OPERATIONS-PTL-LIMITED |
62%
|
on Organization and Nature of Operations PTL Limited (the “Company”) is a limited liability company established under the laws of the British Virgin Islands on December 29, 2023. It is a holding comp… |
| PASSIVE-FOREIGN-INVESTMENT-COMPANY |
PASSIVE-FOREIGN-INVESTMENT-COMPANY |
62%
|
ontinues using the English common law system. However, if there are any changes in relation to the political arrangements which allow Hong Kong to function autonomously, this could potentially impact… |
| PETROLINK-ENERGY-PTE-LTD |
PETROLINK-ENERGY-PTE-LTD |
62%
|
egal structure of the Company (the “Reorganization”) was completed on February 21, 2024. Prior to the Reorganization, Petrolink Hong Kong, the operating subsidiary of the Company, was controlled by M… |
| REVERE-SECURITIES-LLC |
REVERE-SECURITIES-LLC |
62%
|
the extent we choose to follow home country practice currently and in the future, our shareholders may be afforded less protection than they otherwise would under the Nasdaq corporate governance list… |
| RICHES-ENTERPRISE-LIMITED |
RICHES-ENTERPRISE-LIMITED |
62%
|
to joining CMBC Securities Company Limited, Mr. Chan served as the Manager of the Wealth Management division of CITICS Securities International, from July 2011 to July 2017. Mr. Chan received a Bache… |
| SISWORLD-CREDIT-ONE-LIMITED |
SISWORLD-CREDIT-ONE-LIMITED |
62%
|
geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the management approach to determine reportable oper… |
| TWOCAP-LIMITED |
TWOCAP-LIMITED |
62%
|
geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the management approach to determine reportable oper… |
| WORKING-GROUP |
WORKING-GROUP |
62%
|
ontinues using the English common law system. However, if there are any changes in relation to the political arrangements which allow Hong Kong to function autonomously, this could potentially impact… |
