Key Factors

Our revenue is based on pre-determined service fees outlined in invoices. However, unforeseen complexities or additional client requests can increase costs. If these exceed initial estimates, it may impact our gross profit margins, as passing on extra expenses to clients is not always possible.

Our financial performance is influenced by demand for corporate secretarial, accounting, and IP services in Hong Kong and Singapore, shaped by regulatory changes, economic conditions, and industry trends. The corporate services and IP markets, especially in Hong Kong, are highly competitive, with numerous providers offering similar services. Staying competitive is essential to maintaining our market share, profit margins, and overall profitability.

Our subsidiaries minimize liquidity risk by requiring deposits and milestone-based payments, with most fees settled within 30 days. While this approach ensures predictable cash flow, a growing client base could increase credit risk. Client defaults or payment delays may impact our liquidity and financial condition.

Our reputation and service quality drive client growth, primarily through referrals and word-of-mouth. While we engage in industry events and online branding, extensive sales campaigns are not our focus. Delivering high-quality services and maintaining strong relationships are key to attracting new clients and ensuring repeat business.