| Schedule of Condensed Balance Sheets |
Condensed balance sheets
|
|
|
As of
December 31,
2024
|
|
As of June 30, 2025
|
| |
|
HKD
|
|
HKD
|
|
US$
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
|
Amount due from the subsidiaries
|
|
35,644,714 |
|
|
32,580,877 |
|
|
4,150,483 |
|
|
Cash and cash equivalents
|
|
15,851 |
|
|
248 |
|
|
32 |
|
| |
|
35,660,565 |
|
|
32,581,125 |
|
|
4,150,515 |
|
|
Non-current assets
|
|
|
|
|
|
|
|
|
|
|
Intangible assets
|
|
13,541,442 |
|
|
12,299,800 |
|
|
1,566,873 |
|
|
Interests in a subsidiary
|
|
780 |
|
|
780 |
|
|
99 |
|
| |
|
13,542,222 |
|
|
12,300,580 |
|
|
1,566,972 |
|
|
Total assets
|
|
49,202,787 |
|
|
44,881,705 |
|
|
5,717,487 |
|
| |
|
|
|
|
|
|
|
|
|
|
Liabilities and shareholders’ equity
|
|
|
|
|
|
|
|
|
|
|
Current liabilities
|
|
|
|
|
|
|
|
|
|
|
Accrual
|
|
1,087,478 |
|
|
543,739 |
|
|
69,267 |
|
|
Total liabilities
|
|
1,087,478 |
|
|
543,739 |
|
|
69,267 |
|
| |
|
|
|
|
|
|
|
|
|
| Shareholders’ equity |
|
|
|
|
|
|
|
|
|
Class A Ordinary shares $0.0003125 par value, 156,000,000 Class A shares authorized, and 3,460,000 shares issued and outstanding as of December 31, 2024 and June 30, 2025* |
|
8,443 |
|
|
8,443 |
|
|
1,076 |
|
Cass B Ordinary shares, US$0.0003125 par value, 20,000,000 shares authorized, and 600,000 shares issued and outstanding as of December 31, 2024 and June 30, 2025* |
|
1,463 |
|
|
1,463 |
|
|
186 |
|
|
Additional paid-up capital
|
|
50,994,645 |
|
|
50,994,645 |
|
|
6,496,215 |
|
|
Accumulated losses
|
|
(2,889,242 |
)
|
|
(6,666,585 |
)
|
|
(849,257 |
)
|
|
Total shareholders’ equity
|
|
48,115,309 |
|
|
44,337,966 |
|
|
5,648,220 |
|
|
Total liabilities and shareholders’ equity
|
|
49,202,787 |
|
|
44,881,705 |
|
|
5,717,487 |
|
|
Condensed balance sheets
|
|
|
As of December 31,
|
| |
|
2023
|
|
2024
|
|
2024
|
| |
|
HKD
|
|
HKD
|
|
US$
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
|
Amount due from the shareholder
|
|
8,775 |
|
|
—
|
|
|
—
|
|
|
Amount due from subsidiaries
|
|
—
|
|
|
35,644,714 |
|
|
4,588,838 |
|
|
Cash and cash equivalents
|
|
—
|
|
|
15,851 |
|
|
2,041 |
|
| |
|
8,775 |
|
|
35,660,565 |
|
|
4,590,879 |
|
|
Non-current assets
|
|
|
|
|
|
|
|
|
|
|
Intangible assets
|
|
—
|
|
|
13,541,442 |
|
|
1,743,301 |
|
|
Interests in a subsidiary
|
|
780 |
|
|
780 |
|
|
100 |
|
| |
|
780 |
|
|
13,542,222 |
|
|
1,743,401 |
|
| |
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
9,555 |
|
|
49,202,787 |
|
|
6,334,280 |
|
| |
|
|
|
|
|
|
|
|
|
|
Liabilities and shareholders’ (deficit) equity
|
|
|
|
|
|
|
|
|
|
|
Current liabilities
|
|
|
|
|
|
|
|
|
|
|
Accrual
|
|
—
|
|
|
1,087,478 |
|
|
140,000 |
|
|
Amounts due to a subsidiary
|
|
149,867 |
|
|
—
|
|
|
—
|
|
|
Total liabilities
|
|
149,867 |
|
|
1,087,478 |
|
|
140,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
Shareholders’ (deficit) equity
|
|
|
|
|
|
|
|
|
|
| Ordinary shares (par value $0.0000625 per share; 780,000,000 Class A ordinary shares authorized, 15,000,000 Class A ordinary shares issued and outstanding as of December 31, 2023 and 17,320,000 Class A ordinary shares issued and outstanding as of December 31, 2024; 20,000,000 Class B ordinary shares authorized, 3,000,000 Class B ordinary shares issued and outstanding as of December 31, 2023 and 2024)* |
|
8,775 |
|
|
9,906 |
|
|
1,275 |
|
|
Additional paid-up capital
|
|
—
|
|
|
50,994,645 |
|
|
6,564,961 |
|
|
Accumulated losses
|
|
(149,087 |
)
|
|
(2,889,242 |
)
|
|
(371,956 |
)
|
|
Total shareholders’ (deficit) equity
|
|
(140,312 |
)
|
|
48,115,309 |
|
|
6,194,280 |
|
|
Total liabilities and shareholders’ (deficit) equity
|
|
9,555 |
|
|
49,202,787 |
|
|
6,334,280 |
|
|
| Schedule of Condensed Statements of Loss |
Condensed statements of loss
|
|
|
For the six months ended June 30,
|
| |
|
2024
|
|
2025
|
|
2025
|
| |
|
HKD
|
|
HKD
|
|
US$
|
|
Operating expenses
|
|
|
|
|
|
|
|
Amortization of intangible asset
|
|
|
|
1,241,642 |
|
158,173 |
|
Professional fee
|
|
|
|
2,177,751 |
|
277,424 |
|
Other general and administrative expenses
|
|
7,500 |
|
357,950 |
|
45,599 |
|
Total operating expenses
|
|
7,500 |
|
3,777,343 |
|
481,196 |
|
Loss before income taxes
|
|
7,500 |
|
3,777,343 |
|
481,196 |
|
Income taxes
|
|
|
|
|
|
|
|
Net loss
|
|
7,500 |
|
3,777,343 |
|
481,196 |
|
Condensed statements of loss
|
|
|
For the years ended December 31,
|
| |
|
2023
|
|
2024
|
|
2024
|
| |
|
HKD
|
|
HKD
|
|
US$
|
|
Operating expenses
|
|
|
|
|
|
|
|
|
|
|
Amortization
|
|
—
|
|
|
1,481,738 |
|
|
190,756 |
|
|
Professional fee
|
|
—
|
|
|
1,087,478 |
|
|
140,000 |
|
|
Other general and administrative expenses
|
|
77,088 |
|
|
170,939 |
|
|
22,007 |
|
|
Total operating expenses
|
|
77,088 |
|
|
2,740,155 |
|
|
352,763 |
|
|
Loss before income taxes
|
|
(77,088 |
)
|
|
(2,740,155 |
)
|
|
(352,763 |
)
|
|
Income taxes
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Net loss
|
|
(77,088 |
)
|
|
(2,740,155 |
)
|
|
(352,763 |
)
|
|
| Schedule of Condensed statements of cash flows |
Condensed statements of cash flows
|
|
|
For the six months ended June 30,
|
| |
|
2024
|
|
2025
|
|
2025
|
| |
|
HKD
|
|
HKD
|
|
US$
|
|
Cash flows from operating activities
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
(7,500 |
)
|
|
(3,777,343 |
)
|
|
(481,196 |
)
|
|
Adjustments to reconcile net loss to net cash used in operating activities
|
|
|
|
|
|
|
|
|
|
|
Amortization of intangible assets
|
|
|
|
|
1,241,642 |
|
|
158,173 |
|
|
Accrual
|
|
|
|
|
(543,739 |
)
|
|
(69,267 |
)
|
|
Cash used in operating activities
|
|
(7,500 |
)
|
|
(3,079,440 |
)
|
|
(392,290 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activity
|
|
|
|
|
|
|
|
|
|
|
Purchase of intangible assets
|
|
(15,023,180 |
)
|
|
|
|
|
|
|
|
Cash (used in) generated from investing activity
|
|
(15,023,180 |
)
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities
|
|
|
|
|
|
|
|
|
|
|
Proceeds from initial public offerings
|
|
50,995,776 |
|
|
|
|
|
|
|
|
Advanced from subsidiaries
|
|
|
|
|
3,063,837 |
|
|
390,303 |
|
|
Amount due to a related party
|
|
(35,948,769 |
)
|
|
|
|
|
|
|
|
Cash generated from financing activities
|
|
15,047,007 |
|
|
3,063,837 |
|
|
390,303 |
|
|
Net increase (decrease) in cash and cash equivalents
|
|
16,327 |
|
|
(15,603 |
)
|
|
(1,987 |
)
|
|
Cash and cash equivalents at the beginning of the
year/period
|
|
|
|
|
15,851 |
|
|
2,019 |
|
|
Cash and cash equivalents at the end of the year/period
|
|
16,327 |
|
|
248 |
|
|
32 |
|
|
Condensed statements of cash flows
|
|
|
For the years ended December 31,
|
| |
|
2023
|
|
2024
|
|
2024
|
| |
|
HKD
|
|
HKD
|
|
US$
|
|
Cash flows from operating activities
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
(77,088 |
)
|
|
(2,740,155 |
)
|
|
(352,763 |
)
|
|
Adjustments to reconcile net loss to net cash used in operating activities
|
|
|
|
|
|
|
|
|
|
|
Amortization of intangible assets
|
|
—
|
|
|
1,481,738 |
|
|
190,756 |
|
|
Changes in operating liability
|
|
|
|
|
|
|
|
|
|
|
Accrual
|
|
—
|
|
|
1,087,478 |
|
|
140,000 |
|
|
Cash used in operating activities
|
|
(77,088 |
)
|
|
(170,939 |
)
|
|
(22,007 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities
|
|
|
|
|
|
|
|
|
|
|
Purchase of intangible assets
|
|
—
|
|
|
(15,023,180 |
)
|
|
(1,934,058 |
)
|
|
Advance to subsidiaries
|
|
—
|
|
|
(50,440,589 |
)
|
|
(6,493,632 |
)
|
|
Cash used in investing activities
|
|
—
|
|
|
(65,463,769 |
)
|
|
(8,427,690 |
)
|
| |
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities
|
|
|
|
|
|
|
|
|
|
|
Proceeds from initial public offerings
|
|
—
|
|
|
65,641,784 |
|
|
8,450,608 |
|
|
Advanced from the shareholder
|
|
—
|
|
|
8,775 |
|
|
1,130 |
|
|
Amount due to a related party
|
|
77,088 |
|
|
—
|
|
|
—
|
|
|
Cash generated from financing activities
|
|
77,088 |
|
|
65,650,559 |
|
|
8,451,738 |
|
|
Net increase in cash and cash equivalents
|
|
—
|
|
|
15,851 |
|
|
2,041 |
|
|
Cash and cash equivalents at the beginning of the year
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Cash and cash equivalents at the end of the year
|
|
—
|
|
|
15,851 |
|
|
2,041 |
|
|