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Related Party Balances and Transactions
 6 Months Ended
Jun. 30, 2025
Related Party Balances and Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

11. Related party balances and transactions

 

Nature of relationships with related parties

 

Name  Relationship
Starlux Limited  A company under the control by Mr. Jordan Lee
LingXpert Language Services Limited (“Lingxpert”)  A wholly owned subsidiary of Starlux Limited
GreenIPO Limited  A wholly owned subsidiary of Lingxpert
Griffin Group Limited  A company under the control of Mr. Jordan Lee
YHY Holdings Limited  A company under the control of Mr. Jordan Lee
Ren Restaurants Limited  A company under the control of Mr. Jordan Lee

 

Amount due to related parties consist of the following:

 

   As of December 31,   As of June 30, 
   2024   2025   2025 
   HK$   HK$   US$ 
Due to ultimate controlling shareholders   11,558,995    9,545,479    1,216,000 
Total   11,558,995    9,545,479    1,216,000 

 

The amounts due to the related parties are unsecured, interest free with no specific repayment terms. The amount is of non-trade nature.

The related party balances included in accounts payable:

  

   As of December 31,   As of June 30, 
   2024   2025   2025 
   HK$   HK$   US$ 
Lingxpert   16,568    
—
    
—
 
Total   16,568    
—
    
—
 

 

The Company have the following significant related party transactions as follows:

 

   For the six-month periods ended June 30, 
   2024   2025   2025 
   HK$   HK$   US$ 
Other income – administrative service fee from:            
Lingxpert   42,000    42,000    5,350 
Green IPO Ltd   36,000    
—
    
—
 
Ren Restaurants Limited   120,000    100,000    12,739 
Total administrative service fee from related parties   198,000    142,000    18,089 
                
Translation cost to Lingxpert   1,800,794    1,973,000    251,341 

 

Remuneration to senior management, included in selling and marketing, and general administrative expenses, for the six-month periods ended June 30, 2024 and 2025 were:

 

   For the six-month periods ended June 30, 
   2024   2025   2025 
   HK$   HK$   US$ 
Salaries and other short term employee benefits   5,255,916    2,896,850    369,031 
Payments to defined contribution pension schemes   36,000    36,000    4,588 
Total   5,291,916    2,932,850    373,619