# EDGAR Filing Document

**Accession Number:** 0001966678
**File Stem:** 0001493152-25-016225
**Filing Date:** 2025-9
**Character Count:** 42110
**Document Hash:** 10d0fd35c94671ae568586a148902dbd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-016225.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0001493152-25-016225

**CONFORMED SUBMISSION TYPE**: F-1/A

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DirectBooking Technology Co., Ltd.
- **CENTRAL INDEX KEY:** 0001966678
- **STANDARD INDUSTRIAL CLASSIFICATION:** GENERAL BUILDING CONTRACTORS - NONRESIDENTIAL BUILDINGS [1540]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** F-1/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287735
- **FILM NUMBER:** 251358754

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ROOM 2912, 29/F., NEW TECH PLAZA
- **STREET 2:** 34 TAI YAU STREET
- **CITY:** SAN PO KONG, KOWLOON
- **PROVINCE COUNTRY:** K3
- **BUSINESS PHONE:** 852-3997-3682

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ROOM 2912, 29/F., NEW TECH PLAZA
- **STREET 2:** 34 TAI YAU STREET
- **CITY:** SAN PO KONG, KOWLOON
- **PROVINCE COUNTRY:** K3

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Primega Group Holdings Ltd
- **DATE OF NAME CHANGE:** 20230221

**As filed with the Securities and Exchange Commission on September 30, 2025**

**Registration Statement No. 333-287735**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Amendment No. 4** 

**to**

**Form F-1**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

**DirectBooking Technology Co., Ltd.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Cayman Islands** | **1540** | **N/A** |
| (State or other jurisdiction of<br> incorporation or organization) | (Primary Standard Industrial<br> Classification Code Number) | (IRS Employer<br> Identification Number) |

---

**Room 2912, 29/F., New Tech Plaza**

**34 Tai Yau Street**

**San Po Kong**

**Kowloon, Hong Kong**

**+852 3997 3682**

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

**c/o Cogency Global Inc.**

**122 East 42<sup>nd</sup> Street, 18<sup>th</sup> Floor**

**New York, NY 10168**

**+212 947-7200**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

***Copy to:***

**Sanny Choi, Esq.**

**CFN Lawyers LLC**

**418 Broadway #4607**

**Albany, NY12207**

**(646) 386 8218**

**Approximate date of commencement of proposed sale to public:** As soon as practicable after this registration statement becomes effective.

If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act: Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"), indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards<sup>†</sup> provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

† The
 term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards
 Board to its Accounting Standards Codification after April 5, 2012.

**The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment that specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act or until the registration statement shall become effective on such date as the Commission, acting pursuant to such Section 8(a), may determine.**

**EXPLANATORY NOTE**

This Amendment No. 4 to the Registration Statement on Form F-1 (File No. 333-287735) is being filed solely to file certain exhibits thereto.

**PART II**

**INFORMATION NOT REQUIRED IN PROSPECTUS**

**Item 6. Indemnification of Directors and Officers**

Cayman Islands law does not limit the extent to which a company's articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime.

Our Memorandum and Articles of Association provide that we shall indemnify our officers and directors against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by such directors or officer, other than by reason of such person's dishonesty, willful default or fraud, in or about the conduct of our company's business or affairs (including as a result of any mistake of judgment) or in the execution or discharge of his duties, powers, authorities or discretions, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by such director or officer in defending (whether successfully or otherwise) any civil proceedings concerning our company or its affairs in any court whether in the Cayman Islands or elsewhere.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**Item 7. Recent Sales of Unregistered Securities**

*Founding Transactions and Shares Issuances*

On April 14, 2022 the date of the incorporation of DirectBooking Technology Co., Ltd., 1 Ordinary Share was issued to Appleby Global Services (Cayman) Limited. On April 14, 2024, the 1 Ordinary Share was transferred from Appleby Global Services (Cayman) Limited to Man Siu Ming and DirectBooking Technology Co., Ltd. further issued 11,249,999 Ordinary Shares to Man Siu Ming on the same date.

On July 20, 2022, Man Siu Ming transferred 551,250 and 551,250 Ordinary Shares, out of his 11,250,000 Ordinary Shares, to Primewin Corporate Development Limited and Shun Kai Investment Development Limited, respectively, at the respective consideration of US$103,000, and US$103,000. Further on December 5, 2023, Man Siu Ming transferred 551,250 and 551,250 Ordinary Shares, out of his 10,147,500 Ordinary Shares, to Dusk Moon International Limited and Moss Mist Investment Limited, respectively, at the respective consideration of US$206,000, and US$206,000.

On February 28, 2024, in contemplation of Company's initial public offering, DirectBooking Technology Co., Ltd. conducted a 2-for-1 share split. After the share split, the authorized share capital of the Company consists of US$50,000 divided into 1,000,000,000 Ordinary Shares, par value US$0.00005 each. After the share split, 22,500,000 Ordinary Shares were issued and outstanding.

The following table sets forth the breakdown of the shareholding of each then shareholder prior to the initial public offering:

---

| | | |
|:---|:---|:---|
| **Shareholders** | **Number of<br> Ordinary<br> Shares Issued** | **Number of<br> Ordinary<br> Shares Issued** |
| Man Siu Ming |  | 18090000 |
| Primewin Corporate Development Limited |  | 1102500 |
| Shun Kai Investment Development Limited |  | 1102500 |
| Dusk Moon International Limited |  | 1102500 |
| Moss Mist Investment Limited |  | 1102500 |

---

On July 24, 2024, the Company closed (1) the IPO of 1,500,000 Ordinary Shares at a public offering price of US$4.00 per Ordinary Share, and (2) the resale by one existing shareholder of the Company of 250,000 Ordinary Shares at a public offering price of US$4.00 per Ordinary Share.

**Item 8. Exhibits and Financial Statement Schedules**

**(a) Exhibits.**

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description of Exhibit** |
| 3.1 | [Memorandum and Articles of Association of the Company (incorporated herein by reference to Exhibit 3.1 to the registration statement on Form F-1/A (File No. 333-282018), as amended, initially filed with the SEC on September 12, 2024)](https://www.sec.gov/Archives/edgar/data/1966678/000149315224035956/ex3-1.htm) |
| 5.1\* | [Opinion of Appleby regarding the validity of the securities being registered](ex5-1.htm) |
| 10.1\*\*\* | [Employment Agreement between the registrant and Tan Yu, the registrant's Chief Executive Officer, dated July 16, 2025](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex10-1.htm) |
| 10.2\*\*\* | [Employment Agreement between the registrant and Liu Wei, the registrant's Chief Executive Officer, dated July 16, 2025](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex10-2.htm) |
| 10.3\*\*\* | [Director Offer Letter between the registrant and Fang Chenxi, dated April 9, 2025](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex10-3.htm) |
| 10.4\*\*\* | [Director Offer Letter between the registrant and Jiang Lina, dated April 9, 2025](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex10-4.htm) |
| 10.5\*\*\* | [Director Offer Letter between the registrant and Zhao Yong, dated December 19, 2024](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex10-5.htm) |
| 10.6\*\*\* | [Indemnification Agreement between the registrant and Liu Wei, dated July 16, 2025](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex10-6.htm) |
| 10.7\*\*\* | [Indemnification Agreement between the registrant and Tan Yu, dated April 9, 2025](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex10-7.htm) |
| 10.8\*\*\* | [Indemnification Agreement between the registrant and Fang Chenxi, dated April 9, 2025](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex10-8.htm) |
| 10.9\*\*\* | [Indemnification Agreement between the registrant and Jiang Lina, dated April 9, 2025](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex10-9.htm) |
| 10.10\*\*\* | [Indemnification Agreement between the registrant and Zhao Yong, dated December 19, 2024](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex10-10.htm) |
| 10.11 | [Bank facilities between Standard Chartered Bank (Hong Kong) Limited and Primega Construction (incorporated herein by reference to exhibit 10.4 to the registration statement on Form F-1 (File No.333-277692), as amended, initially filed with the U.S. Securities and Exchange Commission on March 6, 2024](https://www.sec.gov/Archives/edgar/data/1966678/000149315224008973/ex10-4.htm) |
| 10.12 | [Bank facilities between Standard Chartered Bank (Hong Kong) Limited and Primega Construction (incorporated herein by reference to exhibit 10.5 to the registration statement on Form F-1 (File No.333-277692), as amended, initially filed with the U.S. Securities and Exchange Commission on March 6, 2024](https://www.sec.gov/Archives/edgar/data/1966678/000149315224008973/ex10-5.htm) |
| 10.13 | [English translation of Office Lease Contract, by and between Lin Qianyu and Primega Construction, dated as of May 30, 2022 (incorporated herein by reference to exhibit 10.6 to the registration statement on Form F-1 (File No.333-277692), as amended, initially filed with the U.S. Securities and Exchange Commission on March 6, 2024](https://www.sec.gov/Archives/edgar/data/1966678/000149315224008973/ex10-6.htm) |
| 21.1 | [List of Subsidiaries (incorporated herein by reference to exhibit 21.1 to the registration statement on Form F-1 (File No.333-277692), as amended, initially filed with the U.S. Securities and Exchange Commission on March 6, 2024](https://www.sec.gov/Archives/edgar/data/1966678/000149315224008973/ex21-1.htm) |
| 23.1\* | [Consent of ZH CPA, LLC, an independent registered public accounting firm](ex23-1.htm) |
| 23.2\* | [Consent of Appleby (included in Exhibit 5.1)](ex5-1.htm) |
| 24.1\* | [Power of Attorney (included on signature page)](#ar_014) |
| 99.1 | [Code of Business Conduct and Ethics (incorporated herein by reference to exhibit 99.1 to the registration statement on Form F-1 (File No.333-277692), as amended, initially filed with the U.S. Securities and Exchange Commission on March 6, 2024](https://www.sec.gov/Archives/edgar/data/1966678/000149315224008973/ex99-1.htm) |
| 99.2 | [Audit Committee Charter (incorporated herein by reference to exhibit 99.2 to the registration statement on Form F-1 (File No.333-277692), as amended, initially filed with the U.S. Securities and Exchange Commission on March 6, 2024](https://www.sec.gov/Archives/edgar/data/1966678/000149315224008973/ex99-2.htm) |
| 99.3 | [Nominating Committee Charter (incorporated herein by reference to exhibit 99.3 to the registration statement on Form F-1 (File No.333-277692), as amended, initially filed with the U.S. Securities and Exchange Commission on March 6, 2024](https://www.sec.gov/Archives/edgar/data/1966678/000149315224008973/ex99-3.htm) |
| 99.4 | [Compensation Committee Charter (incorporated herein by reference to exhibit 99.4 to the registration statement on Form F-1 (File No.333-277692), as amended, initially filed with the U.S. Securities and Exchange Commission on March 6, 2024](https://www.sec.gov/Archives/edgar/data/1966678/000149315224008973/ex99-4.htm) |
| 107\*\*\* | [Filing Fee Table](https://www.sec.gov/Archives/edgar/data/1966678/000149315225015915/ex107.htm) |

---

\* Filed herewith <br> \*\* To be filed via amendment <br> \*\*\* Previously filed

**(b) Financial Statement Schedules**

Schedules have been omitted because the information required to be set forth therein is not applicable or is shown in the Consolidated Financial Statements or the Notes thereto.

**Item 9. Undertakings.**

The undersigned registrant hereby undertakes:

1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To
 include any prospectus required by section 10(a)(3) of the Securities Act of 1933;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To
 reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
 post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
 forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
 the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end
 of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b)
 (§230.424(b) of this chapter) if, in the aggregate, the changes in volume and price represent no more than 20% change in the
 maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration
 statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To
 include any material information with respect to the plan of distribution not previously disclosed in the registration statement
 or any material change to such information in the registration statement.

2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

4) To file a post-effective amendment to the registration statement to include any financial statements required by Item 8.A of Form 20-F at the start of any delayed offering or throughout a continuous offering. Financial statements and information otherwise required by Section 10(a)(3) of the Securities Act need not be furnished, provided that the registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph and other information necessary to ensure that all other information in the prospectus is at least as current as the date of those financial statements.

5) That, for the purpose of determining any liability under the Securities Act of 1933 to any purchaser, each prospectus filed by the Registrant pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use;

6) That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities:

The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the placement method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any
 preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any
 free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by
 the undersigned registrant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant
 or its securities provided by or on behalf of the undersigned registrant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Any
 other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

7) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

**SIGNATURES**

Pursuant to the requirements of the Securities Act, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Hong Kong, on September 30, 2025.

---

| | |
|:---|:---|
| **DIRECTBOOKING TECHNOLOGY CO., LTD.** | **DIRECTBOOKING TECHNOLOGY CO., LTD.** |
| By: | */s/ Tan Yu* |
| Name: | Tan Yu |
| Title: | Chief Executive Officer, Chairman of the Board and Director |

---

**POWER OF ATTORNEY**

KNOW ALL BY THOSE PRESENT, that each person whose signature appears below hereby constitutes and appoints Tan Yu, his or her true and lawful agent, proxy, and attorney-in-fact, with full power of substitution and resubstitution, for and in his or her name, place and stead, in any and all capacities, to (1) act on, sign, and file with the SEC any and all amendments (including post-effective amendments) to this registration statement together with all schedules and exhibits thereto and any subsequent registration statement filed pursuant to Rule 462(b) under the Securities Act, together with all schedules and exhibits thereto; (2) act on, sign, and file such certificates, instruments, agreements, and other documents as may be necessary or appropriate in connection therewith; (3) act on and file any supplement to any prospectus included in this registration statement or any such amendment or any subsequent registration statement filed pursuant to Rule 462(b) under the Securities Act; and (4) take any and all actions that may be necessary or appropriate to be done, as fully for all intents and purposes as he or she might or could do in person, hereby approving, ratifying, and confirming all that such agent, proxy, and attorney-in-fact or any of his or her substitutes may lawfully do or cause to be done by virtue thereof.

Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| */s/ Tan Yu* | Chief Executive Officer, Chairman of the Board and Director | September 30, 2025 |
| Name: Tan Yu |  |  |
| */s/ Liu Wei* | Chief Finance Officer | September 30, 2025 |
| Name: |  |  |
| */s/ Fang Chenxi* | Independent director | September 30, 2025 |
| Name: Fang Chenxi | (Principal Accounting and Financial Officer) |  |
| */s/ Jiang Lina* | Independent director | September 30, 2025 |
| Name: Jiang Lina |  |  |
| */s/ Zhao Yong* | Independent director | September 30, 2025 |
| Name: Zhao Yong |  |  |

---

**SIGNATURE OF AUTHORIZED U.S. REPRESENTATIVE OF THE REGISTRANT**

Pursuant to the Securities Act, the undersigned, the duly authorized representative in the United States of DirectBooking Technology Co., Ltd., has signed this registration statement or amendment thereto in New York, New York on September 30, 2025.

---

| | |
|:---|:---|
| **Authorized U.S. Representative**<br> Cogency Global Inc. | **Authorized U.S. Representative**<br> Cogency Global Inc. |
| By: | */s/ Colleen A. De Vries* |
| Name: | Colleen A. De Vries |
| Title: | Senior Vice President on behalf of Cogency Global Inc. |

---

## Exhibit 5.1

**Exhibit 5.1**

![](ex5-1_001.jpg)

---

| | |
|:---|:---|
| **DirectBooking Technology Co., Ltd.** | **Email** <u>ccheng@applebyglobal.com</u> |
| 71 Fort Street |  |
| PO Box 500, George Town | **Direct Dial** +852 2905 5719 |
| Grand Cayman KY1-1106 |  |
| Cayman Islands |  |
|  | **Tel** +852 2523 8123 |
| **Attention** The Board of Directors | **Fax** +852 2524 5548 |
|  | **Appleby Ref** 454954.0001 |
|  | 30 September 2025 |

---

---

| | |
|:---|:---|
|  | **DirectBooking Technology Co., Ltd. (Company)** |
| Suites 3504B-06<br> 35/F, Two Taikoo Place<br> 979 King's Road<br> Quarry Bay<br> Hong Kong<br>Tel +852 2523 8123<br>applebyglobal.com <br>**Managing Partner**<br> **David Bulley**<br> **Partners**<br> **Fiona Chan**<br> **Vincent Chan**<br> **Chris Cheng**<br> **Richard Grasby**<br> **Eason Huang**<br> **Judy Lee**<br> **John McCarroll SC**<br> **Lorinda Peasland**<br> **Eliot Simpson** | <br> **INTRODUCTION**<br>We act as Cayman Islands legal adviser to the Company, and this legal opinion as to Cayman Islands law is addressed to you in connection with Company's filing of a registration statement on Form F-1, including all amendments or supplements thereto (the **Registration Statement**, which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto) with the U.S. Securities and Exchange Commission (the **Commission**) relating to the resale (the **Resale**) of up to 17,840,000 ordinary shares of par value US$0.00005 (the **Resale Shares**) by the Selling Shareholders (as defined in the Registration Statement) (the **Selling Shareholders**), which are presently issued and outstanding.<br>We are furnishing this opinion as Exhibits 5.1 and 23.2 to the Registration Statement.<br>**OUR REVIEW**<br>For the purposes of giving this opinion we have examined and relied upon the documents listed in Schedule 1 (**Documents**). We have not examined any other documents, even if they are referred to in the Documents.<br>We have not made any other enquiries concerning the Company and in particular we have not investigated or verified any matter of fact or opinion (whether set out in any of the Documents or elsewhere) other than as expressly stated in this opinion.<br>Unless otherwise defined herein, capitalised terms have the meanings assigned to them in Schedule 1. |

---

Bermuda ■ British Virgin Islands ■ Cayman Islands ■ Guernsey ■ Hong Kong ■ Isle of Man ■ Jersey ■ Mauritius ■ Seychelles ■ Shanghai

![](ex5-1_001.jpg)

**LIMITATIONS**

Our opinion is limited to, and should be construed in accordance with, the laws of the Cayman Islands at the date of this opinion. We express no opinion on the laws of any other jurisdiction.

This opinion is limited to the matters stated in it and does not extend, and is not to be extended by implication, to any other matters.

This opinion is given solely for the benefit of the addressee(s) in connection with the matters referred to herein and, except with our prior written consent it may not be transmitted or disclosed to or used or relied upon by any other person or be relied upon for any other purpose whatsoever.

**ASSUMPTIONS AND RESERVATIONS**

We give the following opinions on the basis of the assumptions set out in Schedule 2 (**Assumptions**), which we have not verified, and subject to the reservations set out in Schedule 3 (**Reservations**).

**OPINIONS**

1. **Incorporation and Status**: The Company is an exempted company incorporated with limited liability and
 existing under the laws of the Cayman Islands and is a separate legal entity. The Company
 is in good standing with the Registrar of Companies of the Cayman Islands.

2. **Authorised Share Capital**: Base solely on our review of the Constitutional Documents and the Certificate
 of Incumbency, as of 30 May 2025, the authorised share capital of the Company is US$500,000.00
 divided into 1,000,000,000 ordinary shares of par value of US$0.00005.

3. **Issue of Resale Shares:** The Resale Shares being proposed for the Resale by the Selling Shareholders
 have been validly issued, fully paid, and non-assessable in accordance with the Resolutions.
 The reference in this opinion to the Resale Shares being non-assessable shall mean solely
 that no further sums of money are required to be paid by the holders of such Resale Shares
 in connection with the issuance thereof.

4. **Withholding Taxes**: The Company is not required under Cayman Islands law to make any deduction or
 withholding for or on account of any tax from any payment to be made in respect of the transfer
 of the Resale Shares.

2 <br> Bermuda ■ British Virgin Islands ■ Cayman Islands ■ Guernsey ■ Hong Kong ■ Isle of Man ■ Jersey ■ Mauritius ■ Seychelles ■ Shanghai

![](ex5-1_001.jpg)

**CONSENT**

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to our firm under the heading "Legal Matters" in the prospectus included in the Registration Statement. In providing our consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities the Securities Act of 1933 of the United States of America (as amended) or the Rules and Regulations of the Commission thereunder.

Yours faithfully

![](ex5-1_002.jpg)

**Appleby**

3 <br> Bermuda ■ British Virgin Islands ■ Cayman Islands ■ Guernsey ■ Hong Kong ■ Isle of Man ■ Jersey ■ Mauritius ■ Seychelles ■ Shanghai

![](ex5-1_001.jpg)

Schedule 1

**Documents Examined**

1. Scanned
 copies of (i) the certificate of incorporation of the Company dated 14 April 2022, and (ii)
 the certificate of incorporation on change of name of the Company dated 12 September 2025
 (**Certificates of Incorporation**).

2. Scanned
 copies of the amended and restated memorandum and articles of association of the Company
 adopted on 18 July 2024 and effective on 24 July 2024 (the **Constitutional Documents**).

3. A
 scanned copy of the certificate of good standing dated 29 May 2025 issued by the Registrar
 of Companies in respect of the Company (**Certificate of Good Standing**).

4. A
 scanned copy of the certificate of incumbency dated 30 May 2025 issued by the Company's
 registered office provider in respect of the Company (**Certificate of Incumbency**).

5. Scanned
 copies of (i) the written resolutions by all the directors of the Company passed on 14 April
 2022, (ii) the written resolutions of the sole director of the Company passed on 20 July
 2022, (iii) the written resolutions of the board of directors of the Company passed on 5
 December 2023, (iv) the written resolutions of all the directors of the Company passed on
 28 February 2024, (v) the written resolutions of the shareholders of the Company passed on
 28 February 2024, and (vi) written resolutions of all the directors of the Company dated
 29 May 2025 (**Resolutions**).

6. A
 scanned copy of the register of directors and officers of the Company as of 30 May 2025 (**Register of Directors and Officers**).

7. A
 scanned copy of the extract of the shareholders' list of the Company provided to us
 on 27 May 2025 showing that the Selling Shareholders are the registered shareholders of the
 Company.

8. A copy of the latest draft Registration Statement.

4 <br> Bermuda ■ British Virgin Islands ■ Cayman Islands ■ Guernsey ■ Hong Kong ■ Isle of Man ■ Jersey ■ Mauritius ■ Seychelles ■ Shanghai

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Schedule 2

**Assumptions**

We have assumed:

1. (i)
 that the originals of all documents examined in connection with this opinion are authentic,
 accurate and complete; and (ii) the authenticity, accuracy, completeness and conformity to
 original documents of all documents submitted to us as copies;

2. that
 there has been no change to the information contained in the Certificates of Incorporation,
 the Certificate of Incumbency or the Registers and that the Constitutional Documents remain
 in full force and effect and are unamended;

3. that
 the signatures, initials and seals on all documents and certificates submitted to us as originals
 or copies of executed originals are authentic;

4. that
 where incomplete documents, drafts or signature pages only have been supplied to us for the
 purposes of issuing this opinion, the original documents have been duly completed and correspond
 in all material respects with the last version of the relevant documents examined by us prior
 to giving our opinion;

5. that
 none of the Company's directors or its registered office has received any notice of
 any litigation or threatened litigation to which the Company is or may be party;

6. that
 the Company has not (i) received notice of any stop notice under Order 50 of the Grand Court
 Rules in respect of any of its shares or (ii) received notice of any restrictions notice
 under the Beneficial Ownership Transparency Act (as amended) of the Cayman Islands in respect
 of any of its shares, which restrictions notice has not been withdrawn by the registered
 office or ceased by court order;

7. that
 (i) any meetings at which the Resolutions were passed were duly convened and had a duly constituted
 quorum present and voting throughout and any Resolutions passed in writing were adopted in
 accordance with the law and the Constitutional Documents, (ii) all interests of the directors
 of the Company on the subject matter of the Resolutions, if any, were declared and disclosed
 in accordance with the law and Constitutional Documents, (iii) the Resolutions have not been
 revoked, amended or superseded, in whole or in part, and remain in full force and effect
 at the date of this opinion, and (iv) the directors of the Company have concluded that the
 transactions approved by the Resolutions are *bona fide* in the best interests of the
 Company and for a proper purpose of the Company;

8. that
 the Certificate of Incumbency and the Register of Directors and Officers accurately reflects
 the names of all directors and officers of the Company, as at the dates the Resolutions were
 passed or adopted and as at the date of this opinion;

9. that
 there are no records of the Company, agreements, documents or arrangements other than the
 Constitutional Documents, the Resolutions and the documents expressly referred to herein
 as having been examined by us which materially affect, amend or vary the transactions contemplated
 in the Documents or restrict the powers and authority of the directors of the Company in
 any way which would affect opinions expressed herein; and

10. that
 the directors or members of the Company have not taken any steps to have the Company struck
 off or placed in liquidation, no steps have been taken to wind up the Company and no receiver
 has been appointed over any of the Company's property or assets.

5 <br> Bermuda ■ British Virgin Islands ■ Cayman Islands ■ Guernsey ■ Hong Kong ■ Isle of Man ■ Jersey ■ Mauritius ■ Seychelles ■ Shanghai

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Schedule 3

**Reservations**

Our opinion is subject to the following:

1. **Currency of Court Judgments**: The Cayman Islands Grand Court Rules 1995 expressly contemplate that
 judgments may be granted by the Grand Court of the Cayman Islands in currencies other than
 Cayman Islands dollars or United States dollars. Such Rules provide for various specific
 rates of interest payable upon judgment debts according to the currency of the judgment.

2. **Conversion of Debts**: In the event the Company is placed into liquidation, the Cayman Islands court
 is likely to require that all debts are converted (at the official exchange rate at the date
 of conversion) into and paid in a common currency which is likely to be Cayman Islands dollars
 or United States dollars.

3. **Summary Court Register**: We have not examined the register of the summary court of the Cayman
 Islands on the basis that claims in such court are limited to a maximum of approximately
 USD24,000.

4. **Preferences**:
 Every conveyance or transfer of property, or charge thereon, and every payment obligation
 and judicial proceeding, made, incurred, taken or suffered by a company at a time when that
 company was unable to pay its debts within the meaning of section 93 of the Companies Act
 (as amended) of the Cayman Islands (**Companies Act**), and made or granted in favour
 of a creditor with a view to giving that creditor a preference over the other creditors of
 the company, would be voidable upon the application of the company's liquidator pursuant
 to section 145(1) of the Companies Act, if made, incurred, taken or suffered within the six
 months preceding the commencement of a liquidation of the company. Such actions will be deemed
 to have been made with a view to giving such creditor a preference if it is a "related
 party" of the company. A creditor shall be treated as a related party if it has the
 ability to control a company or exercise significant influence over a company in making financial
 and operating decisions.

5. **Undervalues**:
 Any disposition of property made at an undervalue by or on behalf of a company and with an
 intent to defraud its creditors (which means an intention to wilfully defeat an obligation
 owed to a creditor), shall be voidable (i) under section 146 of the Companies Act at the
 instance of the company's official liquidator, and (ii) under the Fraudulent Dispositions
 Act (as amended) of the Cayman Islands, at the instance of a creditor thereby prejudiced.

6 <br> Bermuda ■ British Virgin Islands ■ Cayman Islands ■ Guernsey ■ Hong Kong ■ Isle of Man ■ Jersey ■ Mauritius ■ Seychelles ■ Shanghai

![](ex5-1_001.jpg)

6. **Defrauding Creditors**: If any business of a company has been carried on with intent to defraud creditors
 of the company or creditors of any other person or for any fraudulent purpose, the Cayman
 Islands court may declare that any persons who were knowingly parties to the carrying on
 of the business of the company in such manner are liable to make such contributions, if any,
 to the company's assets as the court thinks proper.

7. **Good Standing**: Our opinion as to good standing is based solely upon receipt of the Certificate
 of Good Standing issued by the Registrar of Companies. The Company shall be deemed to be
 in good standing under section 200A of the Companies Act on the date of issue of the certificate
 if all fees and penalties under the Companies Act have been paid and the Registrar of Companies
 has no knowledge that the Company is in default under the Companies Act.

8. **Corporate Documents**: The Registry of Companies in the Cayman Islands is not public in the sense
 that copies of the Constitutional Documents and information on shareholders is not publicly
 available and information on directors is limited. We have therefore obtained scanned copies
 of the corporate documents specified in Schedule 1 and relied exclusively on such scanned
 copies for the verification of such corporate information.

9. **Issue of shares:** The English case of *Houldsworth v City of Glasgow Bank* (1880) 5 App
 Cas 317 HL, provided that (i) in the event of a misrepresentation by a company on which a
 shareholder relied in agreeing to subscribe for shares in such company, the shareholder may
 be entitled to rescind the share subscription agreement and thereafter claim damages against
 such company for any additional loss suffered as a result of the misrepresentation; (ii)
 such a claim for damages will not arise unless and until the shareholder has successfully
 rescinded the share subscription agreement; and (iii) that a shareholder may be barred from
 rescinding on the grounds of delay or affirmation and if such company is wound up (whether
 voluntarily or compulsorily), such shareholder will lose the right to rescind the share subscription
 agreement (**The Rule of Houldsworth**). The Rule of Houldsworth was expressly not followed
 by the Cayman Islands Grand Court in a first instance decision (currently under appeal).
 Our assessment is that the Rule of Houldsworth as framed above is of questionable status
 in the Cayman Islands and if a company enters winding up (whether voluntarily or compulsorily)
 a shareholder would not necessarily lose the right to rescind the share subscription agreement.

7 <br> Bermuda ■ British Virgin Islands ■ Cayman Islands ■ Guernsey ■ Hong Kong ■ Isle of Man ■ Jersey ■ Mauritius ■ Seychelles ■ Shanghai

## Exhibit 23.1

**Exhibit 23.1**

![](ex23-1_001.jpg)

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation by reference in in this Amendment No.4 to Registration Statement on Form F-1 (No. 333-287735) dated September 30, 2025 of DirectBooking Technology Co., Ltd. and Subsidiaries (the "Company") of our report dated August 14, 2025, relating to our audits of the consolidated financial statements as of March 31, 2025 and 2024, and for each of the three years in the period ended March 31, 2025, which is in the Company's Annual Report on Form 20-F for the year ended March 31, 2025.

We also consent to the reference to our firm under the heading "Experts" in such Registration Statement.

**/s/ ZH CPA, LLC**

Denver, Colorado

September 30, 2025

999 18th Street, Suite 3000, Denver, CO, 80202, USA. Phone: 1.303.386.7224 Fax: 1.303.386.7101 Email: admin@zhcpa.us