Company: LHI
Filing Date: 2025-01-27
Form Type: DRS/A
Source: 0001213900-25-006939
Chunk: 118

Company: Living Homeopathy International Ltd.
Filing Date: 2025-01-27
Form: DRS/A
Chunk 118
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 ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted and requires retrospective application to all periods presented in the consolidated financial statements. Management is evaluating the impact on the Company’s consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid, among other disclosure requirements. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company’s management does not believe the adoption of ASU 2023-09 will have a material impact on its consolidated financial statements and disclosures.

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INDUSTRY</div>

The information that appears in this Industry Overview contains information and statistics on the industry in which we operate. Certain information and statistics set forth in this section have been extracted from a market research report by Frost & Sullivan, an Independent Third Party which we commissioned (the “FS Report”).

Traditional and Complementary Medicine (T&CM) Market in Hong Kong

Overview

Traditional and Complementary Medicine (T&CM) refers to a broad spectrum of medical practices and products that fall outside conventional Western medicine. In Hong Kong, the T&CM market primarily consists of the following categories:

| ● | Natural                                                                                     
 Products: This includes herbal remedies, vitamins, minerals, and other dietary supplements. 
 These products are often derived from natural sources and are used to support health and    
 prevent illness.                                                                            |

| ● | Mind                                                                                        
 and Body Practices: Such practices include acupuncture, yoga, meditation, chiropractic      
 care, and massage therapy. These interventions focus on the interactions between the brain, 
 mind, body, and behavior to improve physical and mental well-being.                         |

Market Size

The Traditional and Complementary Medicine (T&CM)
market in Hong Kong has exhibited robust growth, expanding from $176 million in 2019 to $309.4 million in 2023, with a CAGR of 15.1%.
Projections indicate that the T&CM market will reach $1,299.1 million by 2029, demonstrating a CAGR of 25.3% from 2024 to 2028