Company: LHI
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001213900-25-014190
Chunk: 122

Company: Living Homeopathy International Ltd.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 122
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 the six months ended September 30, 2023 and 2024, respectively. As a percentage
of revenue, other general and administrative expenses accounted for 5.0% and 4.5% of revenue for the six months ended September 30, 2024
and 2023, respectively.

Other expenses, net

Our other expenses mainly included interest
income, interest expense and other non-recurring and non-operating income or losses.

Other expense, net was $17,274 and $22,098
for the six months ended September 30, 2024 and 2023, respectively. The change was mainly attributable to (i) $10,867 decrease in interest
expense as a result of discharging bank borrowings on August 13, 2024, which was partially offset by (ii) $4,670 and $2,059 decrease
in other income generated from expired unpresented cheques to salespersons for monthly bonus and the service fee charged to salespersons
on issuing cheques, respectively.

Provision for income taxes

Our provision for income taxes was $46,586
for the six months ended September 30, 2024, which decreased by $38,870 or 45.5% from $85,456 for the six months ended September 30,
2023. The decrease in provision was mainly attributable to (i) $78,985 decrease in current income tax expense due to decrease in income
before income tax expenses comparing the two periods, which was partially offset by (ii) $40,115 increase in deferred income tax expense
arising from the realization of depreciation allowance as a result of transferring properties to Mr. To. We were subject to income taxes
on entity basis on income derived from the location in which each entity is domiciled.

Living Int’l was incorporated in the
Cayman Islands as an offshore holding company and is not subject to tax on income or capital gain under the laws of the Cayman Islands.

Living Global was incorporated in the British
Virgin Islands as an offshore holding company and is currently exempted from income and corporate tax under the current laws of the British
Virgin Islands. In addition, the British Virgin Islands does not levy capital gains tax on it.

Under the two-tiered profits tax rates regime
in Hong Kong, from year of assessment of 2019/2020 onwards, Hong Kong profits tax rates are 8.25% on assessable profits up
to HKD2