Company: LHI
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006939
Chunk: 236

Company: Living Homeopathy International Ltd.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 236
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 of direct   
 or indirect 
 ownership   
 by the      
 Company     
 100%        |     | Principal Activities                                                                        
 Investment holding                                                                          |
|:-----------------|:----|:--------------|:----|:-----------------------|:----|:------------|:----|:--------------------------------------------------------------------------------------------|
| Living HK        |     | June 21, 1994 |     | Hong Kong              |     | 100%        |     | Sales of healthcare products, personal care products and water filters and related products |

Note 2 – Summary of significant accounting policies

The accompanying consolidated financial statements
have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”)
and have been consistently applied. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries.
A subsidiary is an entity (including a structured entity), directly or indirectly, controlled by the Company. The financial statements
of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. All significant inter-company
balances and transactions between the Company and its subsidiaries are eliminated upon consolidation.

The Company uses United States
Dollar (“$” or “US$”) as its reporting currency. The functional currency of the Company and Living Global is US$,
while Living HK is Hong Kong dollars (“HKD”), which is its local currency based on the criteria of ASC 830, “Foreign
Currency Matters”.

In the consolidated financial statements of the
Company, transactions in currencies other than the functional currencies are measured and recorded in the functional currencies using
the exchange rates in effect at the dates of the transactions. Assets and liabilities denominated in foreign currencies are translated
at year-end exchange rates, statements of income accounts are translated at average rates of exchange for the year and equity is translated
at historical exchange rates. All gains and losses arising from foreign currency transactions are recorded in the consolidated statements
of income and comprehensive income during the years in which they occur.

Translation of amounts from HKD into US$ has been
made at the following exchange rates:

|              |     | For the years ended 
           March 31, |        |     |      |        |
|              |     |                2024 |        |     | 2023 |        |
| Average rate |     |                     | 7.8246 |     |      | 7.8389 |

|                    |     | As of March 31, |        |     |      |        |
|