| Schedule of Applicable Tax Rates and Profit/(Loss) before Income Tax |
The following table sets forth the reconciliation
from income tax calculated based on the applicable tax rates and profit/(loss) before income tax presented in the consolidated financial
statements:
| |
|
Year ended December 31, |
|
| |
|
2023 |
|
|
2024 |
|
|
2025 |
|
| |
|
HK$ |
|
|
HK$ |
|
|
HK$ |
|
|
US$ |
|
| Profit/(Loss) before income tax |
|
|
7,079,243 |
|
|
|
(18,074,094 |
) |
|
|
(23,496,020 |
) |
|
|
(3,018,773 |
) |
| Income tax calculated at the Hong Kong statutory tax rate of 16.5% |
|
|
1,168,075 |
|
|
|
(2,982,226 |
) |
|
|
(3,876,843 |
) |
|
|
(498,098 |
) |
| Tax relief of 8.25% on the first HK$2 million |
|
|
(165,000 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tax effect of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expenses and losses not deductible for tax purposes |
|
|
119,541 |
|
|
|
2,093,394 |
|
|
|
4,137,386 |
|
|
|
531,572 |
|
| Income not subject to tax |
|
|
(41,543 |
) |
|
|
(315,153 |
) |
|
|
(300,003 |
) |
|
|
(38,544 |
) |
| Utilization of previously unrecognized deferred tax assets |
|
|
(1,081,073 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Deferred tax assets not recognized |
|
|
— |
|
|
|
1,203,985 |
|
|
|
39,460 |
|
|
|
5,070 |
|
| Income tax expense |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|