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PREPAYMENT AND OTHER CURRENT ASSETS, NET AND OTHER NON-CURRENT ASSETS, NET
 12 Months Ended
Dec. 31, 2025
Prepayment And Other Current Assets Net And Other Non-current Assets Net  
PREPAYMENT AND OTHER CURRENT ASSETS, NET AND OTHER NON-CURRENT ASSETS, NET

6. PREPAYMENT AND OTHER CURRENT ASSETS, NET AND OTHER NON-CURRENT ASSETS, NET

 

Prepayment and other current assets, net consisted of the following as of December 31, 2024 and 2025:

 

   HK$   HK$   US$ (Note 2(e)) 
   As of December 31, 
   2024   2025 
   HK$   HK$   US$ (Note 2(e)) 
Prepayment and other current assets, net               
Advances to suppliers   10,585,100    -    - 
Prepaid marketing and business development expenses (i)   719,286    12,450,100    1,596,166 
Prepaid professional fees (ii)   -    2,598,468    333,137 
Other receivable   -    14,502    1,859 
Other deposit   3,850    -    - 
Prepayment and other current assets, net   11,308,236    15,063,070    1,931,162 

 

Other non-current assets, net consisted of the following as of December 31, 2024, and December 31, 2025:

 

   HK$   HK$   US$ (Note 2(e)) 
   As of December 31, 
   2024   2025 
   HK$   HK$   US$ (Note 2(e)) 
Other non-current assets, net               
Rental deposits   122,412    -    - 

 

i. Prepaid marketing and business development expenses represent prepayments made by the Company for marketing and business development activities. As of December 31, 2025, the Company’s prepaid marketing and business development expenses totalling HK$12,450,100. These amounts are expected to be recognized as selling and marketing expenses in the next financial year, as the associated performance obligations are satisfied and services are received.

 

ii. Prepaid professional fees represent prepayments made by the Company driven by post-IPO strategic initiatives. As of December 31, 2025, the Company’s prepaid professional fees totaled HK$2,598,468. These amounts are expected to be recognized as general and administrative expenses in the next financial year, as the associated performance obligations are satisfied and services are received.