Hong Kong IPO disclosure precedents · 40 companies, 41 items
Failure to pay social insurance and/or housing provident fund in full or for all employees, whether due to contribution bases below actual wages, minimum-base payment, employees unwilling to bear personal contributions, new hires, or complete omission for individual employees.
Compliance matters are read from filings since 24 August 2026.
For example, we were historically not in full compliance with respect to the required employer contributions to social insurance plans and other employee benefits.
Risk Factors · p. 71
During the Track Record Period, we were not subject to any administrative penalties in terms of the contribution of social insurance premium and housing provident funds.