| SCHEDULE OF CONDENSED BALANCE SHEETS |
Condensed balance sheets
SCHEDULE OF CONDENSED BALANCE SHEETS
| | |
2023 | | |
2024 | | |
2024 | |
| | |
As of December 31, | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
HKD | | |
HKD | | |
US$ | |
| Assets | |
| | | |
| | | |
| | |
| Current assets: | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
| - | | |
| 149,992 | | |
| 19,310 | |
| Prepaid expenses and other current assets | |
| - | | |
| 63,200 | | |
| 8,136 | |
| Amount due from a shareholder | |
| 9 | | |
| 9 | | |
| 1 | |
| Total current assets | |
| 9 | | |
| 213,201 | | |
| 27,447 | |
| | |
| | | |
| | | |
| | |
| Non-current assets: | |
| | | |
| | | |
| | |
| Interests in subsidiaries | |
| 1,560 | | |
| 1,560 | | |
| 201 | |
| Total non-current assets | |
| 1,560 | | |
| 1,560 | | |
| 201 | |
| TOTAL ASSETS | |
| 1,569 | | |
| 214,761 | | |
| 27,648 | |
| | |
| | | |
| | | |
| | |
| Liabilities and shareholders’ deficit | |
| | | |
| | | |
| | |
| Current liabilities: | |
| | | |
| | | |
| | |
| Amount due to a subsidiary | |
| 220,878 | | |
| 542,623 | | |
| 69,857 | |
| Total current liabilities | |
| 220,878 | | |
| 542,623 | | |
| 69,857 | |
| TOTAL LIABILITIES | |
| 220,878 | | |
| 542,623 | | |
| 69,857 | |
| | |
| | | |
| | | |
| | |
| Shareholders’ deficit | |
| | | |
| | | |
| | |
| Preferred shares US$0.0001 par value per share; 3,000,000 authorized; nil share issued and outstanding as of December 31, 2023 and 2024 Ordinary shares US$0.0001 par value per share; 300,000,000 authorized; 12,000,000 shares issued and outstanding as of December 31, 2023 and 2024 | |
| 9 | | |
| 9 | | |
| 1 | |
| Accumulated losses | |
| (219,318 | ) | |
| (327,871 | ) | |
| (42,210 | ) |
| Total shareholders’ deficit | |
| (219,309 | ) | |
| (327,862 | ) | |
| (42,209 | ) |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | |
| 1,569 | | |
| 214,761 | | |
| 27,648 | |
|
| SCHEDULE OF CONDENSED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS |
Condensed statements of loss and comprehensive loss
SCHEDULE
OF CONDENSED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
| |
|
|
|
| |
2023 | | |
2024 | | |
2024 | |
| |
|
For the years ended December 31, | |
| |
|
2022 |
| |
2023 | | |
2024 | | |
2024 | |
| |
|
HKD’000 |
| |
HKD’000 | | |
HKD’000 | | |
US$’000 | |
| Legal and professional fee |
|
|
- |
| |
| - | | |
| (98,545 | ) | |
| (12,687 | ) |
| General and administrative expenses |
|
|
(169,010 |
) | |
| (50,308 | ) | |
| (10,008 | ) | |
| (1,288 | ) |
| Loss before income taxes |
|
|
(169,010 |
) | |
| (50,308 | ) | |
| (108,553 | ) | |
| (13,975 | ) |
| Income tax expense |
|
|
- |
| |
| - | | |
| - | | |
| - | |
| Net loss and total comprehensive loss |
|
|
(169,010 |
) | |
| (50,308 | ) | |
| (108,553 | )_ | |
| (13,975 | ) |
|
| SCHEDULE OF CONDENSED STATEMENTS OF CASH FLOWS |
Condensed statements of cash flows
SCHEDULE
OF CONDENSED STATEMENTS OF CASH FLOWS
| |
|
|
|
| |
2023 | | |
2024 | | |
2024 | |
| |
|
|
For the years ended December 31, | |
| |
|
|
2022 |
| |
2023 | | |
2024 | | |
2024 | |
| |
|
|
HKD’000 |
| |
HKD’000 | | |
HKD’000 | | |
US$’000 | |
| Cash flows from operating activities |
|
|
|
| |
| | | |
| | | |
| | |
| Net loss |
|
|
(169,010 |
) | |
| (50,308 | ) | |
| (108,553 | ) | |
| (13,975 | ) |
| Changes in operating assets and liabilities |
|
|
|
| |
| | | |
| | | |
| | |
| Amount due to a subsidiary |
|
|
169,010 |
| |
| 50,308 | | |
| 321,745 | | |
| 41,421 | |
| Prepaid expenses and other current assets |
|
|
- |
| |
| - | | |
| (63,200 | ) | |
| (8,136 | ) |
| Net cash generated from (used in) operating activities |
|
|
- |
| |
| - | | |
| 149,992 | | |
| 19,310 | |
| Cash flows from investing activities |
|
|
|
| |
| | | |
| | | |
| | |
| Cash generated from (used in) investing activities |
|
|
- |
| |
| - | | |
| - | | |
| - | |
| Cash flows from financing activities |
|
|
|
| |
| | | |
| | | |
| | |
| Net generated from (used in) financing activities |
|
|
- |
| |
| - | | |
| - | | |
| - | |
| Net increase (decrease) in cash and cash equivalents |
|
|
- |
| |
| - | | |
| 149,992 | | |
| 19,310 | |
| Cash and cash equivalents at the beginning of the year |
|
|
- |
| |
| - | | |
| - | | |
| - | |
| Cash and cash equivalents at the end of the year |
|
|
- |
| |
| - | | |
| 149,992 | | |
| 19,310 | |
|