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Right-of-Use Assets and Lease Liabilities

6 Months Ended

Jun. 30, 2025

10. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES

The operating leases primarily consist of leases of office premises in Hong Kong and PRC, and printing machines in Hong Kong.

Supplemental balance sheet information related to operating leases are as follows:

	As of December 31,		As of June 30,
	2024		2025		2025
	HK$		HK$		US$
Operating lease right-of-use assets
Office premises		5,166,836		23,553,935		3,000,539
Printing machines		1,309,309		1,130,187		143,975
Operating lease right-of-use assets		6,476,145		24,684,122		3,144,514

Current operating lease obligation
Office premises		2,473,161		9,238,458		1,176,889
Printing machines		363,182		368,244		46,910
Total current operating lease obligation		2,836,343		9,606,702		1,223,799

Non-current operating lease obligation
Office premises		2,693,675		14,315,477		1,823,651
Printing machines		946,127		761,943		97,064
Total non-current operating lease obligation		3,639,802		15,077,420		1,920,715

Total operating lease obligation		6,476,145		24,684,122		3,144,514

Operating lease expense for the six-month periods ended June 30, 2024 and 2025 was HK$6,185,923 and HK$5,281,519 (US$672,814), respectively.

The undiscounted future minimum lease payment schedule are as follows:

	As of June 30, 2025
For the six-month periods ended June 30,	HK$			US$
2026		10,229,323			1,303,115
2027		10,222,123			1,302,198
2028		5,144,522			655,361
2029		52,920			6,741
2030		12,240			1,559
Total minimum lease payments		25,661,128			3,268,974
Less: imputed interest component		(977,006	)		(124,460	)
Lease liabilities recognized in the consolidated balance sheets		24,684,122			3,144,514

Other supplemental information about the Company’s operating lease as of December 31, 2024 and June 30, 2025:

	As of December 31, 2024			As of June 30, 2025
Weighted average discount rate		4.56	%		3.20	%
Weighted average remaining lease term (years)		2.48			2.53