CONCENTRATIONS OF RISKS |
3 Months Ended | |||||||||||
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Jun. 30, 2026 | ||||||||||||
| Risks and Uncertainties [Abstract] | ||||||||||||
| CONCENTRATIONS OF RISKS | 14. CONCENTRATIONS OF RISKS
The Company is exposed to the following concentrations of risks:
(a) Major customer
For the three months ended June 30, 2026, the Company has no single customer.
For the three months ended June 30, 2025, the Company has one single customer.
(b) Major vendor
For the three months ended June 30, 2026, the Company has no single vendor.
For the three months ended June 30, 2025, the Company has one single vendor.
Financial instruments that potentially subject the Company to credit risk consist of cash and cash equivalents. Cash equivalents are maintained with high credit quality institutions in Hong Kong, the composition and maturities of which are regularly monitored by the management. The Hong Kong Deposit Protection Board pays compensation up to a limit of HK$800,000 (equal to $102,115) if the bank in Hong Kong with which an individual/a company hold its eligible deposit fails.
The Company’s major operations are conducted in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong’s economy may influence the Company’s business, financial condition, and results of operations.
The Company cannot guarantee that the current exchange rate will remain steady, therefore there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of HKD converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.
The Company has planned its business expansion in Dubai and Middle East since 2026. The escalation of military conflict and political instability in the Middle East, specifically involving the United States, Iraq, and Iran, could materially and adversely affect its business, financial condition, and results of operations.
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