Company: LHI
Filing Date: 2025-11-20
Form Type: F-1/A
Source: 0001213900-25-112807
Chunk: 95

Company: Living Homeopathy International Ltd.
Filing Date: 2025-11-20
Form: F-1/A
Chunk 95
---
 of associated property installment
loan agreements, as fully disclosed in note 4 to the consolidated financial statements. The
advance does not include remuneration incurred for the year and the nature of the receivable
balance and the related transaction is not trade-related. The advances are not related party
loans and are on an interest-free basis. Other than these, we have not declared or paid any
dividends on its capital shares in the years ended March 31, 2025 and 2024. Since the end
of the year ended March 31, 2025, the Company has not declared any dividends. We currently
intend to retain all available funds and future earnings, if any, for the operation and expansion
of our business and does not anticipate declaring or paying any dividends in the foreseeable
future.Any future determination related to our dividend policy will be made
at the discretion of our board of directors after considering our financial condition, results
of operations, capital requirements, contractual requirements, business prospects and other
factors the board of directors deems relevant, and subject to the restrictions contained
in any future financing instruments.

If we determine to pay dividends
on any of our Ordinary Shares in the future, as a holding company, we will be dependent on receipt of funds from our Hong Kong subsidiary,
Living Homeopathy Hong Kong.

Cash dividends, if any, on our Ordinary Shares
will be paid in U.S. dollars.

Han Kun Law Offices LLP, our counsel as to Hong Kong law, has advised us that under the current practice of the Inland Revenue Department of Hong Kong, no tax is payable in Hong Kong in respect of dividends paid by us. See “ Taxation - Hong Kong Profits Taxation.” on page 116 of this prospectus.

We are a holding company incorporated in the Cayman Islands. We rely principally on dividends from Hong Kong subsidiary, Living Homeopathy Hong Kong for our cash requirements, including any payment of dividends to our shareholders.

Our board of directors has complete discretion as to whether to distribute dividends, subject to certain restrictions under Cayman Islands law, namely that our company may only pay dividends out of either profits or share premium, and provided always that in no circumstances may a dividend be paid if this would result in our company being unable to pay its debts as they fall due in the ordinary course of business. In addition, our shareholders may by ordinary resolution declare a dividend, but no dividend may exceed the amount recommended by our board of directors. Even if our board of