Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 51

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 51
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 Laws and Regulations relating to
Competition

Competition Ordinance(Chapter 619 of the
Laws of Hong Kong) (“ Competition Ordinance”), which came into full effect in Hong Kong on December 14, 2015 prohibits and
deters undertakings in all sectors from adopting anti-competitive conduct which has the object or effect of preventing, restricting or
distorting competition in Hong Kong. The key prohibitions include (i) prohibition of agreements between businesses which have the
object or effect of preventing, restricting or distorting competition in Hong Kong; and (ii) prohibiting companies with a substantial
degree of market power from abusing their power by engaging in conduct that has the object or effect of preventing, restricting or distorting
competition in Hong Kong. The penalties for breaches of the Competition Ordinance include, but are not limited to, financial penalties
of up to 10% of the total gross revenues obtained in Hong Kong for each year of infringement, up to a maximum of three years in which
the contravention occurs.

Hong Kong Laws and Regulations relating to
Employment

Pursuant to Employment Ordinance(Chapter
57 of the Laws of Hong Kong) (“ EO”), which came into full effect in Hong Kong on September 27, 1968, all employees covered
by the EO are entitled to basic protection under the EO including but not limited to payment of wages, restrictions on wages deductions
and the granting of statutory holidays.

Pursuant to Mandatory Provident Fund Schemes
Ordinance(Chapter 485 of the Laws of Hong Kong) (“ MPFSO”), which came into full effect in Hong Kong on December 1, 2000,
every employer must take all practicable steps to ensure that the employee becomes a member of a Mandatory Provident Fund (MPF) scheme.
An employer who fails to comply with such a requirement may face a fine and imprisonment. The MPFSO provides that an employer who
is employing a relevant employee must, for each contribution period, from the employer’s own funds, contribute to the relevant
MPF scheme the amount determined in accordance with the MPFSO.

Pursuant toEmployees’ Compensation Ordinance(Chapter 282 of the Laws of Hong Kong) (“ ECO”), which came into full effect in Hong Kong on December 1, 1953, all employers
are required to take out insurance policies to cover their liabilities under the ECO and at common law for injuries at work in respect
of all of their employees