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Bank Borrowings
6 Months Ended
Jun. 30, 2025
Bank Borrowings [Abstract]  
BANK BORROWINGS

9. BANK BORROWINGS

 

Outstanding balances of bank borrowings as of December 31, 2024 and June 30, 2025 consist of the following:

 

            Weighted
average
interest rate
as of
   Weighted
average
interest rate
as of
   Balance as of   Balance as of 
      Maturity    December 31,   June 30,   December 31,   June 30, 
Lender  Type  date  Currency  2024   2025   2024   2025   2025 
                     HK$   HK$   US$ 
Standard Chartered Bank (Hong Kong) Limited  Government guaranteed SME loan  Within 10 years or on demand  HK$   3.5%   3.0%   8,871,262    8,480,454    1,080,327 
Total                   8,871,262    8,480,454    1,080,327 

 

Note:

 

(i) As of December 31, 2024 and June 30, 2025, the bank borrowing was under the special 100% loan guarantee of the SME Financing Guarantee Scheme, which was fully guaranteed by the Government of the Hong Kong Special Administrative Region; and

(ii) The bank borrowings were classified as current liabilities as they were required to be repaid on demand of the bank.