Company: LHI
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001213900-25-014190
Chunk: 160

Company: Living Homeopathy International Ltd.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 160
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 Nathan Road, Prince Edward, Kowloon, Hong Kong, and its telephone number is +852 2625 4619. We lease our office of approximately
3,758 square feet under a lease which will expire on May 31, 2026.

We have also entered into two lease agreements
for two-year lease term from June 1, 2024 to lease space of approximately 5,270 square feet in total in Kwai Chung, Hong Kong as warehouse
for product storage.

Insurance

In line with general market practice, we do not maintain any business interruption insurance or product liability insurance, which are not mandatory under Hong Kong laws. We do not maintain key man life insurance, insurance policies covering damages to our network infrastructures or information technology systems or any insurance policies for our properties (other than the compulsory employees compensation insurance and fire insurance).

Legal Proceedings

From time to time, we may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. We are not currently a party to any legal proceedings that in the opinion of the management, if determined adversely to us, would have a material adverse effect on our business, financial condition, operating results or cash flows. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.

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REGULATIONS</div>

This section summarizes the most significant Hong Kong laws, rules and regulations that affect and govern our current major business activities and operation in Hong Kong.

Regulations Related to our Business Operation in Hong Kong

Business Registration Ordinance (Chapter 310 of the Laws of Hong Kong)

The Business Registration Ordinance requires every person carrying on any business to make an application to the Commissioner of Inland Revenue in the prescribed manner for the registration of that business within one month after the commencement of business. The Commissioner of Inland Revenue must register each business for which a business registration application is made and as soon as practicable after the prescribed business registration fee and levy are paid and issue a business registration certificate or branch registration certificate for the relevant business or the relevant branch, as the case may be. Any person who fails to apply for business registration shall be guilty of an offence and shall be liable to a fine of HKD5,000 and to imprisonment for 1 year.

Public Health and Municipal Services Ordinance (Chapter 132 of the Laws of Hong Kong), or the Public Health Ordinance

The legal framework for food safety control in