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Outstanding balances of bank borrowings as of
December 31, 2024 and 2025 consist of the following:
| | | | | | | | | Weighted | | | Weighted | | | | | | | | | | | | | | | | | | | | average | | | average | | | | | | | | | | | | | | | | | | | | interest | | | interest | | | | | | | | | | | | | | | | | | | | rate | | | rate | | | | | | | | | | | | | | | | | | | | as of | | | as of | | | | | | | | | | Maturity | | | | December 31, | | | December 31, | | | Balance as of December 31, | | | Lender | | Type | | date | | Currency | | 2024 | | | 2025 | | | 2024 | | | 2025 | | | 2025 | | | | | | | | | | | | | | | | | HK$ | | | HK$ | | | US$ | | | Standard Chartered Bank (Hong Kong) Limited | | Government guaranteed SME loan | | Within 10 years or on demand | | HK$ | | | 3.52 | % | | | 2.96 | % | | | 8,871,262 | | | | 8,081,222 | | | | 1,038,277 | | | Total | | | | | | | | | | | | | | | | | 8,871,262 | | | | 8,081,222 | | | | 1,038,277 | |
Note:
| (i) | As of 31 December, 2024 and 2025, the bank borrowing was under the special 100% loan guarantee of the SME Financing Guarantee Scheme, which was fully guaranteed by the Government of the Hong Kong Special Administrative Region; and |
| (ii) |
The bank borrowings were classified as current liabilities as they were required to be repaid on demand of the bank. |
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