FAQs – Lexidatum

Frequently asked questions

LexiDatum aims for accuracy and transparency in both our books and how our service works. If anything remains unclear or if you have a question not covered in this FAQ, please send us a message and we will happily get you the answers you need.

Hong Kong Profits Tax

Q1: When is a Hong Kong company exempt from Profits Tax?
A: A company may be exempt if its profits do not arise in Hong Kong, and it has no office, employees, or business activities in Hong Kong. Offshore claims are subject to IRD review and require supporting evidence.

Q2: What tax does a Hong Kong company need to pay annually?
A: Hong Kong companies are primarily required to pay Profits Tax annually. Under the two-tiered tax regime, the first HKD 2 million of assessable profits is taxed at 8.25% for corporations and 7.5% for unincorporated businesses. Profits above this threshold are taxed at 16.5% and 15% respectively. No Profits Tax is payable if the company has no assessable profits.

Q3: What is the typical year-end for a Hong Kong company?
A: The year-end is commonly set at 31 March or 31 December, though companies may choose any month-end. The first financial year may cover up to 18 months from the date of incorporation.

Q4: Are tariffs imposed on imported or exported goods in Hong Kong?
A: Generally, no tariffs are levied on imports or exports, except for dutiable goods such as tobacco, alcohol, and petroleum. However, customs declarations are mandatory for all imports and exports.

Q5: How is the accounting year (basis period of assessment) determined?
A: A company may adopt a financial year ending on 31 March, 31 December, or any other month, subject to company/board approval. This period determines the basis period for Profits Tax assessment.

Q6: Can a company carry forward losses to offset future profits?
A: Yes. Tax losses incurred in a year may be carried forward indefinitely and used to offset assessable profits in future years. However, losses cannot be carried back.

Q7: Are donations deductible under Hong Kong tax law?
A: Donations to approved charitable organizations are tax-deductible, provided the total amount is at least HKD 100 and does not exceed 35% of the company’s assessable profits for the year.

Q8: What is Provisional Profits Tax?
A: Since actual profits are only known after year-end, the Inland Revenue Department levies Provisional Profits Tax based on estimated current-year profits. This amount is credited against the final Profits Tax liability when actual profits are assessed.

Q9: If a Hong Kong company only operates as a payment/collection agent for a China company, is tax filing required?
A: Yes. Even if the Hong Kong company only provides payment or collection services, such activities are considered agency business, and any income earned (e.g., commission) is subject to Profits Tax. The company must maintain accounts, undergo auditing, and file tax returns.

Q10: If a company only holds a bank account in China without any Hong Kong account, is tax filing still necessary?
A: Yes. All Hong Kong-incorporated companies must file annual returns and tax declarations with the Inland Revenue Department, regardless of where operations or bank accounts are located. If no Hong Kong-sourced income exists, the company may apply for offshore profits tax exemption, subject to approval.

Hong Kong Salaries Tax

Q1: How is it determined whether dependent parents are “ordinarily residing in Hong Kong”?
A: The IRD assesses various factors, including:

Number of days spent in Hong Kong
Whether they have a fixed residence in Hong Kong
Employment or business ties
Social and family connections
If they mostly live abroad and only make short visits, they will not be considered “ordinarily residing in Hong Kong,” even if they hold a Hong Kong permanent ID card.

Q2: Can my spouse and I each claim a child allowance for one child?
A: No. Only one parent can claim child allowance for all eligible children. It is generally more beneficial for the parent with the higher income to claim, unless the other is taxed at the standard rate, in which case the lower-income spouse may benefit more.

Q3: What happens if more than one person claims child allowance for the same child?
A: If multiple parties (e.g., separated parents) claim child allowance for the same child, the Inland Revenue Department (IRD) will determine the allocation based on each person’s financial contribution to the child’s care and education.

Q4: Can I claim child allowance for an illegitimate child?
A: Yes. As long as the child meets the eligibility criteria, the biological parent—whether married or not—can claim child allowance.

Q5: My 22-year-old son graduated in July and is unemployed. Can I still claim child allowance?
A: You may claim child allowance if your child is aged 18 to 25 and received full-time education during any part of the tax year. Since your son studied full-time until July, you are eligible to claim the allowance.

Q6: My elderly parents hold Hong Kong ID cards but have moved to Mainland China. Can I still claim the dependent parent allowance?
A: If they permanently reside outside Hong Kong and only make occasional visits, they are not considered ordinarily residing in Hong Kong, and you cannot claim the allowance. However, if their stay in Mainland China is temporary, the allowance may still be claimed.

Q7: I pay HKD 30,000 annually to my mother. Where should I report this for dependent parent allowance?
A: You do not need to report the exact amount in the tax return. If your parent ordinarily resides in Hong Kong, is aged 55 or above, and you have provided at least HKD 12,000 in annual support, you may claim the dependent parent allowance.

Q8: I am married, but my spouse does not work and I support the children. Can I claim single parent allowance?
A: No. The single parent allowance is only available to taxpayers who are unmarried, separated, or widowed throughout the year and who solely or mainly maintain the child. Being married disqualifies you, regardless of your spouse’s employment status.

Q9: What documents are needed to claim the disabled dependent allowance?
A: You must provide proof that the dependent is eligible for the Government Disability Allowance, such as:

The application file number from the Social Welfare Department, or
A medical assessment report from a public hospital or certified doctor showing the dependent meets the criteria under the relevant social welfare schemes.

Q10: Does a foreign national working in Hong Kong need to pay Salaries Tax?
A: Yes, unless all the following conditions are met:

The individual stays in Hong Kong for no more than 183 days in the tax year;
The employer is not a Hong Kong entity or representative; and
The income is not borne by a Hong Kong-based entity.
If these conditions are not fully satisfied, Salaries Tax is payable on income earned in Hong Kong.

Transfer Pricing Documentation in Hong Kong

Q1: When must I prepare and file transfer pricing documentation? Is it compulsory? What happens if I don’t comply?
A: Hong Kong entities that are part of a group structure (broadly defined) must prepare and maintain a Master File and Local File for accounting periods beginning on or after 1 April 2018, unless they qualify for exemption. Preparation is mandatory if thresholds are exceeded. Failure to comply may result in penalties under the Inland Revenue Ordinance.

Exemption criteria are as follows:

I. Based on Size of Business – An entity is exempt if it meets any two of the following:
- Total revenue ≤ HKD 400 million
- Total assets ≤ HKD 300 million
- Average number of employees ≤ 100
II. Based on Related Party Transaction Amounts – Exemption applies if all of the following thresholds are not exceeded during the accounting period:
- Transfer of assets (excluding financial and intangible) ≤ HKD 220 million
- Transfer of financial assets ≤ HKD 110 million
- Transfer of intangible assets ≤ HKD 110 million
- Other transactions (e.g., services, royalties, interest) ≤ HKD 44 million

Note: Financial assets include items such as receivables, investments, and derivatives, but exclude equity issuance and receivables from sales to related parties.

Q2: What qualifies as a “group” in a broad sense?
A: A group (broadly defined) includes:

A group of enterprises under common ownership or control, which are required under accounting standards to prepare consolidated financial statements; or
A group in which any member is publicly listed and is therefore required to prepare consolidated financial statements; or
A single enterprise operating across jurisdictions through a permanent establishment, where the foreign establishment is taxable locally.

Q3: Do I need to prepare transfer pricing files every year?

A: Yes, transfer pricing documentation must be updated annually, unless the entity qualifies for exemption. However, if no material changes occur in the related-party transactions or business activities, certain sections of the Local File may remain valid for up to three years. Any significant changes must be reflected through timely updates to ensure compliance.

Q4: What tax does a Hong Kong company need to pay annually?
A: Hong Kong companies are primarily required to pay Profits Tax annually. Under the two-tiered tax regime, the first HKD 2 million of assessable profits is taxed at 8.25% for corporations and 7.5% for unincorporated businesses. Profits above this threshold are taxed at 16.5% and 15% respectively. No Profits Tax is payable if the company has no assessable profits.

Q5: What is the typical year-end for a Hong Kong company?
A: The year-end is commonly set at 31 March or 31 December, though companies may choose any month-end. The first financial year may cover up to 18 months from the date of incorporation.

Q6: Are tariffs imposed on imported or exported goods in Hong Kong?
A: Generally, no tariffs are levied on imports or exports, except for dutiable goods such as tobacco, alcohol, and petroleum. However, customs declarations are mandatory for all imports and exports.

Q7: How is the accounting year (basis period of assessment) determined?
A: A company may adopt a financial year ending on 31 March, 31 December, or any other month, subject to company/board approval. This period determines the basis period for Profits Tax assessment.

Q8: Can a company carry forward losses to offset future profits?
A: Yes. Tax losses incurred in a year may be carried forward indefinitely and used to offset assessable profits in future years. However, losses cannot be carried back.

Q9: Are donations deductible under Hong Kong tax law?
A: Donations to approved charitable organizations are tax-deductible, provided the total amount is at least HKD 100 and does not exceed 35% of the company’s assessable profits for the year.

Q10: What is Provisional Profits Tax?
A: Since actual profits are only known after year-end, the Inland Revenue Department levies Provisional Profits Tax based on estimated current-year profits. This amount is credited against the final Profits Tax liability when actual profits are assessed.

Q11: If a Hong Kong company only operates as a payment/collection agent for a China company, is tax filing required?
A: Yes. Even if the Hong Kong company only provides payment or collection services, such activities are considered agency business, and any income earned (e.g., commission) is subject to Profits Tax. The company must maintain accounts, undergo auditing, and file tax returns.

Q12: If a company only holds a bank account in China without any Hong Kong account, is tax filing still necessary?
A: Yes. All Hong Kong-incorporated companies must file annual returns and tax declarations with the Inland Revenue Department, regardless of where operations or bank accounts are located. If no Hong Kong-sourced income exists, the company may apply for offshore profits tax exemption, subject to approval.

FAQs – Hong Kong Company Incorporation

Q1: What are the requirements to incorporate a limited company in Hong Kong?
A: Incorporation requires at least one individual aged 18 or above (of any nationality) to act as a shareholder and director. A Hong Kong registered address and a Hong Kong resident or professional firm must be appointed as the Company Secretary.

Q2: Can Mainland Chinese residents incorporate a company in Hong Kong?
A: Yes. The Hong Kong Companies Ordinance imposes no nationality restrictions on shareholders or directors.

Q3: How long does it take to incorporate a company in Hong Kong?
A: The process typically takes 10 working days.

Q4: Is it necessary to state the business nature on the Business Registration Certificate?
A: Stating the business nature is optional at the time of registration, but it must be reported to the government within one month after the commencement of business.

Q5: Will the specified business scope limit the company’s future business expansion?
A: No. The business scope listed on the Business Registration Certificate is for reference only and does not restrict the company from engaging in other lawful business activities.

Q6: How can I confirm that a Hong Kong company is lawfully registered?
A: You can verify registration via the Companies Registry or through a service provider. Additionally, if a bank accepts the company for account opening, it is a strong indicator that the company is validly incorporated.

Q7: When will a newly incorporated company appear in the Companies Registry?
A: The company’s registration details typically appear in the Companies Registry database within 6 working days after incorporation.

Q8: Are a company’s liabilities based on registered capital or issued shares?
A: Liabilities are limited to the amount of issued shares. There are no obligations associated with unissued shares.

FAQs – Using Shelf Company in Hong Kong

Q1: What is a Shelf Company?
A: A Shelf Company is a pre-registered company that has not conducted any business activities. It comes with a Certificate of Incorporation, company seal, share certificate book, and all statutory documents required by law. Purchase can be completed quickly by submitting the necessary identification documents.

Q2: Are there any risks associated with purchasing a Shelf Company?
A: Shelf Companies are commonly used in jurisdictions like Hong Kong, Singapore, the BVI, the U.S., and the Cayman Islands. As these companies generally have no prior business activities or bank accounts, the risk is minimal. However, it is advisable to verify the company’s background before purchase.

Q3: What documents will I receive when buying a Shelf Company?
A: You will receive a complete set of corporate documents, including:

Certificate of Incorporation
Business Registration Certificate
10 printed copies of the Articles of Association
Company’s round stamp and bar stamp
Share certificate book
Statutory registers
Filed documents with the Companies Registry (e.g., first director appointment, acceptance of directorship, registered address notice)

Q4: Can I change the name of a Shelf Company?
A: Yes. The company name can be changed after verifying its availability with the Companies Registry. The name change process typically takes about 10 working days.

Q5: How many directors can a Shelf Company have?
A: A Shelf Company can appoint between 1 and 50 directors, in accordance with the Hong Kong Companies Ordinance.

FAQs – Directors and Shareholders of a Hong Kong Limited Company

Q: What are the differences between shareholders and directors?
A:

Shareholders own the company and have rights including:
- Voting at shareholders’ meetings proportional to their shares
- Receiving dividends
- Electing and dismissing directors and determining their remuneration
- Approving annual audit reports and company resolutions
- Pre-emptive rights on share transfers and new share issuances
- Receiving company assets upon liquidation (after debts)
Directors manage the company’s daily operations and responsibilities such as:
- Running business activities and making operational decisions
- Maintaining accounting records and managing bank accounts
- Securing company loans with company assets
- Proposing dividend distributions and capital increases
- Convening shareholders’ meetings and executing their resolutions

Q: Can the same person be both a shareholder and a director?
A: Yes. One person can serve as both shareholder and director.

Q: What is the minimum number of shareholders and directors required?
A: A Hong Kong limited company must have at least one shareholder and one director, who may be the same individual.

Q: Can non-Hong Kong residents be shareholders or directors?
A: Yes. Any person aged 18 or above, regardless of nationality, holding a valid passport or ID card, can be a shareholder or director.

Q: Can a limited company be a shareholder or director of another limited company?
A: Yes. Companies can hold shares or act as directors in other Hong Kong companies.

Q: Are the details of shareholders and directors publicly accessible?
A: Yes. Information including names, addresses, shareholding percentages of shareholders and directors is publicly available through the Hong Kong Companies Registry.

FAQs – Registered Office Address of a Hong Kong Company

Q: Does a company need to have a physical office in Hong Kong to be registered?
A: No. A company must have a registered address in Hong Kong, but it does not need to maintain its own physical office. We offer registered address services to save clients from incurring office rental costs.

Q: Must the registered address be located in Hong Kong?
A: Yes. The registered address must be a physical address in Hong Kong, as all official government correspondence will be sent there.

Q: What if the company does not have a Hong Kong address?
A: The company can use a registered address service provided by professional firms.

Q: Can a company change its registered address?
A: Yes. A company may change its registered address at any time by notifying the Companies Registry.

FAQs – Bank Accounts for Hong Kong Companies

Q: How can a registered company open a bank account?
A: All directors and, in some cases, shareholders must attend the bank in person. The company must provide registration documents. Accounts may be opened with banks in Hong Kong or foreign banks overseas.

Q: Is it possible for a Hong Kong limited company not to open a bank account?
A: Yes, but it is generally recommended that all business transactions be conducted through the company’s bank account for transparency and proper financial management.

Q: What documents are required to open a company bank account?
A: Commonly required documents include:

Original minutes approving account opening
Certified copies of Certificate of Incorporation and Business Registration Certificate
Certified copies of appointment notices for directors and company secretary
Certified Articles of Association
Valid ID/passport of each director
Proof of personal address of each director

Q: Who can operate the company bank account?
A: Account operation can be managed by shareholders, directors, or authorized third parties through delegation.

Q: Can directors open the bank account remotely from Mainland China?
A: Directors are generally required to be physically present in Hong Kong to open local accounts. Alternatively, offshore accounts can be opened with foreign banks in Mainland cities.

Q: Are there any limitations on cash withdrawals from Hong Kong bank accounts?
A: No. Capital movement in and out of Hong Kong is unrestricted.

Q: Do banks charge fees for opening a company bank account?
A: Yes. Banks usually charge service fees for account opening, with higher fees for offshore companies. An initial deposit is typically required to activate the account.

Q: Can Chinese residents operate the bank account of a Hong Kong company?
A: Yes, provided they hold valid passports or travel permits and ID cards as required by the bank.

Q: Which Mainland cities support offshore account opening, and how are these accounts operated?
A: Cities like Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin, Hangzhou, Xiamen etc. offer offshore account services. Accounts can be operated remotely via telephone, fax, or online banking platforms

Q: What are the operational differences between Hong Kong local and Mainland offshore bank accounts?
A: Hong Kong accounts allow unrestricted capital flow. Mainland offshore accounts are regulated by Chinese authorities and have limited deposit functions. Hong Kong accounts require passport or travel permit holders, while Mainland accounts can be opened by ID card holders but may have fewer banking features.

Q: Can a company open multiple bank accounts?
A: Yes. Companies can open multiple accounts, each with the same functionality.

Q: Are there any restrictions on remittance or foreign currency exchange in Hong Kong banks?
A: No. Hong Kong has a free capital market with no restrictions on currency exchange or remittances.

香港公司税务合规

利得税
Q1：香港公司何时豁免利得税？
答：利润非源自香港，且在港无办事处、雇员及业务活动即可申请。离岸申索需经税务局审批并提交证明。

Q2：公司每年需缴哪些税？
答：主要缴纳利得税：

首200万港元利润：法人企业税率8.25%，非法人业务7.5%；
超出部分：分别按16.5%及15%征税。无应评税利润则免税。

Q3：常用年结日是哪天？
答：多为3月31日或12月31日，但可任选月末。首个财年最长涵盖注册日起18个月。

Q4：进出口货物是否征税？
答：烟酒、石油等应税商品外均免税，但所有进出口须强制海关申报。

Q5：会计年度如何确定？
答：公司可自定年结日（如3月/12月末），该期间即为评税基期。

Q6：亏损可否抵扣未来利润？
答：可无限期结转抵扣，但不可回溯。

Q7：捐款能否抵税？
答：向认可慈善机构捐款≥100港元且≤年利润35%的部分可抵税。

Q8：什么是暂缴利得税？
答：税务局按预估利润预征税款，实际利润核定后多退少补。

Q9：仅作为内地企业收付款代理需报税吗？
答：需报税。代理服务收入（如佣金）应税，须记账审计并提交税表。

Q10：仅在内地设银行账户需报税吗？
答：需报税。所有香港注册公司须提交年报及税表。若无香港来源收入，可申离岸免税（需审批）。

Q: Must the registered address be located in Hong Kong?
A: Yes. The registered address must be a physical address in Hong Kong, as all official government correspondence will be sent there.

Q: What if the company does not have a Hong Kong address?
A: The company can use a registered address service provided by professional firms.

Q: Can a company change its registered address?
A: Yes. A company may change its registered address at any time by notifying the Companies Registry.

薪俸税

Q1：如何判定父母“通常居住香港”？
答：综合考量在港居住天数、固定居所、工作/业务关联及社会关系。长期居海外仅短期访港者不符资格。

Q2：夫妻能否分别申领子女免税额？
答：不可。仅一方可为所有子女申领，通常高收入方申领更有利。

Q3：多人申领同一子女免税额如何处理？
答：税务局按各方对子女抚养的资金贡献比例分配。

Q4：非婚生子女能否申领免税额？
答：可以。生父母无论婚姻状况均可申领。

Q5： 22岁子女7月毕业待业，能否申领？
答：可以。课税年度内接受全日制教育即符合资格。

Q6：父母移居内地能否申领供养父母免税额？
答：长期定居内地者不符资格；暂居内地者可申领。

Q7：每年资助母亲3万港元如何申报？
答：无需申报金额。若父母通常居港、年满55岁且年获资助≥1.2万港元，即可申领。

Q8：已婚独自养子女能否申领单亲免税额？
答：不可。仅限全年未婚/分居/丧偶且独力抚养子女者。

Q9：申领伤残受养人免税额需哪些文件？
答：需社会福利署伤残津贴档案号，或公立医院/注册医生的合规医疗报告。

Q10：外籍人士在港工作需缴税吗？
答：需缴税，除非同时满足：

年留港≤183天；
雇主非香港实体；
薪酬非香港实体承担。

转让定价

Q1：何时需准备文件？未合规后果？
答：符合集团定义企业（2018年4月1日起）须准备主文件及本地文件（豁免除外）。超以下阈值强制准备，违规可罚款：
豁免条件：

规模（满足任意两项）：
- 总收入≤4亿港元 | 总资产≤3亿港元 | 雇员≤100人
关联交易额（均未超限）：
- 非金融/无形资产≤2.2亿 | 金融资产≤1.1亿 | 其他交易≤4,400万

Q2： “集团”如何定义？
答：包括：需编制合并财报的企业群、含上市成员的集团、跨境运营应税的单一企业。

Q3：需每年更新文件吗？
答：需每年更新（豁免除外）。交易无重大变化时，本地文件部分内容可延用3年。

公司注册

Q1：注册有限公司条件？
答：需≥1名18岁以上股东及董事，提供香港注册地址并委任香港公司秘书。

Q2：内地居民能否注册？
答：可以。股东/董事无国籍限制。

Q3：注册时长？
答：约10个工作日。

Q4：商业登记证需列业务性质吗？
答：注册时可选填，开业后1个月内须申报。

Q5：业务范围限制未来拓展吗？
答：不限制。登记证范围仅供参考。

Q6：如何核实公司合法注册？
答：通过公司注册处查询，银行接受开户亦可佐证。

Q7：新公司何时录入注册处？
答：注册后6个工作日内。

Q8：公司债务以何为准？
答：以已发行股本为限。

空壳公司

Q1：什么是空壳公司？
答：已注册未运营的公司，含全套法定文件，凭身份证明可快速购入。

Q2：购入有风险吗？
答：风险低（常见于香港/新加坡等），建议购前核查背景。

Q3：购入后获哪些文件？
答：注册证书、商业登记证、公司章程、印章、股票簿等全套文件。

Q4：能否更名？
答：可。核名后约10个工作日完成。

Q5：可设多少董事？
答：可设1-50名董事。

董事与股东

Q：股东与董事区别？
答：

股东：持股表决、分红、任免董事、批核财报、清算资产分配权
董事：日常运营、记账管账、资产抵押、提议分红增资

Q：同一人可兼任吗？
答：可以。

Q：最少需几人？
答：至少1名股东及1名董事（可为同一人）。

Q：非港居民能否担任？
答：可以。≥18岁持有效证件者均可。

Q：有限公司能否任其他公司股东/董事？
答：可以。

Q：信息是否公开？
答：是。姓名、持股比例等均通过公司注册处公开。

注册地址

Q1：需实体办公室吗？
答：无需。但须香港实际地址接收政府信函，可用专业机构地址服务。

Q2：地址必须在香港吗？
答：必须为香港实际地址。

Q3：无地址怎么办？
答：购买专业机构地址服务。

Q4： 能否更改？
答：可随时通知注册处更改。

银行账户

Q1：如何开户？
答：董事需亲临银行提交文件，可选香港本地或海外银行。

Q2：能否不开户？
答：可，但建议通过公司账户规范交易。

Q3：开户需哪些文件？
答：开户决议、注册证书/登记证核证副本、董事证件及住址证明等。

Q4：谁可操作账户？
答：股东、董事或授权人。

Q5：董事能否在内地远程开户？
答：开香港账户需亲临香港；内地可开外资银行离岸账户。

Q6：提现是否受限？
答：无限制。

Q7：开户收费吗？
答：银行收取服务费，需预存激活资金。

Q8：内地居民能否操作账户？
答：可以，需持银行要求的有效证件。

Q9：内地哪些城市支持开离岸账户？
答：北京、上海、深圳等，可通过电话/网银操作。

Q10：香港账户与内地离岸账户区别？
答：

账户类型	资金流动	开户证件	功能限制
香港本地账户	自由无限制	护照/通行证	无
内地离岸账户	受内地监管	身份证	存款功能有限

Q11：能否开多个账户？
答：可以。

Q12：汇款或外汇是否受限？
答：香港无任何限制。

Standard Terms of AI-Powered Accounting Services (International)

Welcome to our AI-powered global accounting platform. These Standard Terms apply when you engage us to provide AI-assisted accounting, bookkeeping, and financial reporting services. By uploading your data or subscribing to our services, you acknowledge that you have read, understood, and agreed to these Terms of Service.

1. Service Scope

We provide automated and human-reviewed financial reporting services powered by our proprietary AI platform. Our international accounting service includes:

• Processing client-submitted data using AI-powered classification tools;

• Generating 4 key Financial Statements:
• Balance Sheet (BS)
• Profit & Loss Statement (P&L)
• Statement of changes in equity (P&L)
• Cashflow Statement

Our services are applicable to clients across multiple jurisdictions and are compatible with commonly accepted frameworks, including:

• IFRS (International Financial Reporting Standards);

• Local GAAP (as specified by the client);

• HKFRS (including SME and PE reporting frameworks).

Note: These services are for accounting and reporting purposes only. They do not constitute an audit, review, or assurance engagement under any auditing standards. For audit engagements, refer to our separate Audit Services Terms.

2. Information Required for Processing

To ensure quality and compliance, clients must submit the following documents:

1. Prior year Financial Statements (TB, BS, P&L, G/L in Excel, if available);

2. Prior year tax return and supporting documentation (if available);

3. Any previous audit reports and adjustments (if applicable);

4. Current period Financial Statements (TB, BS, P&L, G/L in Excel, if available);

5. Bank statements (all accounts relevant to the period);

6. Accounting transaction vouchers;

7. Key commercial contracts (if applicable);

8. Articles of Association or capital structure information (if applicable);

9. Other significant financial documents as reasonably requested.

All files must be uploaded via our secure platform before processing begins.

3. Turnaround Time and Output

Upon receipt of all required documents:

• We will process and generate the 4 financial statements within 1–2 working hours.

• Extensions may apply for large transaction volumes or complex cases.

• Completed statements will be made available for secure download through the client’s user account.

4. Pricing and Plans

Pricing is determined based on the number of accounting transactions provided:

Transaction Volume

Fee (USD)

Up to 1,000 transactions

$70

Above 1,000 transactions

$150

Payment must be made in advance. Custom pricing may apply for multi-entity consolidation or recurring monthly accounting services (contact our team for tailored proposals).

5. Client Responsibilities

1. Client Data Confidentiality
All client information is treated with strict confidentiality and stored securely. We do not share your information with third parties without your consent, except where required by law. We apply appropriate security standards to safeguard your data.

2. Clear Scope & Deliverables
We believe in transparent service. Each package includes a clearly defined scope, output, and pricing. Clients are encouraged to review service descriptions carefully or contact us prior to purchase if clarification is needed.

3. Ethical & Professional Standards
We operate under internationally recognized principles of professional ethics, including integrity, objectivity, and competence. Our reports are generated by AI but reviewed by qualified accounting professionals to ensure quality and compliance.

By using our services, you agree to:

• Provide accurate, complete, and lawful financial documents;

• Ensure all required materials are submitted in a timely and organized manner;

• Clearly indicate your desired accounting framework (e.g., IFRS, HKFRS, US GAAP);

• Review the final reports before using them for tax, financing, or statutory purposes.

We are not liable for errors or delays arising from incomplete or inconsistent documentation.

6. Disclaimer Acknowledgement

To uphold compliance and service quality, the following terms apply to all purchases and use of our services:

Legal Responsibilities of the Client

Accuracy and Legality of Information
You agree that all documents and information provided to us are complete, lawful, and genuine. You shall bear full responsibility for any consequences, losses, or regulatory issues arising from submission of incomplete, inaccurate, or illegal data.

Additional Costs for Non-compliance
If failure to provide accurate or complete information leads to extended processing time, the need for on-site verification or stocktaking, or any deviation from the standard engagement scope, your company will be liable for additional costs incurred beyond our original quotation.

Finalization of Accounting Records
All records provided must be final and account-closed. If any material changes or revisions are submitted after work has commenced, related additional effort will be billed in accordance with our engagement terms.

Non-Refund Policy
All service fees are non-refundable once processing has begun, regardless of changes in client decision or delays caused by the client’s documentation.

No Audit or Legal Guarantee (Unless Engaged Separately)
Unless otherwise specified in a signed audit engagement, our services do not constitute a statutory audit, legal opinion, or tax advisory. The reports produced are intended for general accounting and management purposes.

Right to Refuse or Suspend Service
We reserve the right to refuse or suspend services if there is reasonable suspicion of fraud, abuse, or failure to comply with these terms.

Indemnity Clause
You agree to indemnify and hold harmless our company, employees, and affiliates against any claim, liability, or cost arising from your breach of these terms or misuse of our deliverables.

Force Majeure
We are not responsible for any delay or failure in performance caused by events beyond our control, including but not limited to system outages, regulatory changes, or natural disasters.

7. AI & Human Review

Our proprietary AI engine automates the categorization, calculation, and formatting of accounting data. However:

• All outputs are reviewed by qualified human accountants;

• AI outputs serve as initial drafts and are subject to adjustment by professional judgment;

• Clients acknowledge that final accuracy is subject to review and approval based on the quality of input data.

8. Confidentiality and Data Security

We treat all submitted data with strict confidentiality:

• Your information is stored securely and handled in accordance with our Privacy and Data Protection Policies;

• Data will not be shared externally without consent, except where required by law;

• Anonymized trends and performance data may be used to improve our AI model, but will never include identifiable information.

9. Limitations of Service and Liability

These services do not include tax advisory, audit assurance, or legal opinions. To the extent permitted by law:

• We are not liable for indirect, incidental, or consequential damages arising from the use of our services;

• Direct liability for any claim shall be limited to the amount paid for the specific service;

• All claims must be submitted in writing within 12 months of the service date.

10. Governing Law

Unless otherwise agreed in writing, these Terms are governed by the laws of Hong Kong:

All disputes shall be resolved under the jurisdiction of the courts of the stated territory, or by mutually agreed arbitration panel.

11. Client Acknowledgement

By submitting your documents, initiating payment, or using our system, you confirm that:

• You are authorized to act on behalf of the client entity;

• You have reviewed and accepted these Terms of Service;

• You understand the scope, limits, and delivery model of our AI-powered accounting services.

Need More Than Basic Reports?

For ongoing accounting, audit readiness, group consolidations, or integrations with ERP/cloud platforms, contact us to arrange a tailored solution.

Standard Terms of Audit Services (Hong Kong Engagements Only)

Standard Terms of Audit Services (Hong Kong Engagements Only)

Welcome to our AI-powered audit service. By proceeding with our services, you confirm your intention to appoint LSW & Co. CPA., a Hong Kong-based CPA firm with over 30 years of professional practice, as your independent auditor to conduct a statutory audit of your company’s financial statements for the specified accounting period under the laws and standards of Hong Kong.

All audit reports are prepared using our proprietary AI-assisted platform and reviewed by licensed auditors in accordance with professional auditing standards.

1. Engagement Scope

You are engaging us to audit your financial statements for the relevant financial year. The audit will be conducted in accordance with the Hong Kong Standards on Auditing (HKSAs) issued by the Hong Kong Institute of Certified Public Accountants (HKICPA). The audit aims to enable us to express an independent opinion as to whether the financial statements are prepared, in all material respects, in accordance with an applicable financial reporting framework, including:

• HKFRS for Private Entities (HKFRS for PE);

• Small and Medium-sized Entity Financial Reporting Standard (SME-FRS);

• Other acceptable GAAPs recognized under Hong Kong law.

Alternatively, if your financial statements are prepared in accordance with International Financial Reporting Standards (IFRS), we may, upon mutual agreement, conduct the audit in accordance with International Standards on Auditing (ISA). This arrangement will be formalized in the Audit Engagement Letter after these terms are accepted and your records are uploaded.

2. Firm Background and Timeline

Your audit will be performed by LSW CPA & Co., a firm with over three decades of audit and assurance experience.

• Website: https://www.lswcpaglobal.com

• Standard Completion Time: 5–7 working days after full data submission.

• Rush Services: Available upon request; pricing to be negotiated separately.

3. Audit Pricing (Basic Annual Service Pack)

Fees are based on total assets and annual turnover, and apply to straightforward engagements with complete records:

Total Assets	Annual Turnover	Price (HKD/year)
Below HK$5M	Up to HK$500,000	HK$5,500
Below HK$5M	HK$1M – HK$3M	HK$7,500
Below HK$5M	HK$3M – HK$5M	HK$10,500
Below HK$5M	Over HK$5M	Negotiable
Above HK$5M	Up to HK$500,000	HK$6,500
Above HK$5M	HK$1M – HK$3M	HK$8,500
Above HK$5M	HK$3M – HK$5M	HK$11,500
Above HK$5M	Over HK$5M	Negotiable

Note: Custom pricing may apply for group consolidation, IFRS, or sector-specific needs.

4. Appointment Confirmation

By uploading your accounting records and accepting the applicable audit fee, you acknowledge that:

• You have reviewed and accepted the scope and indicative pricing of our audit services;

• You formally appoint LSW CPA & Co. as the statutory auditor of your company for the specified accounting year;

• A formal Audit Engagement Letter will be issued for your signature before we begin any fieldwork or audit procedures. This letter will confirm the reporting framework, auditing standards, and the responsibilities of both parties.

5. Client Responsibilities

As a company director or authorized representative, you are responsible for:

• Preparing complete financial statements and maintaining adequate accounting records;

• Ensuring compliance with eligibility rules under the Companies Ordinance (Cap. 622) regarding audit exemption (if applicable);

• Providing access to complete, lawful, and accurate records, and facilitating personnel access;

• Informing us of any material events or changes in your books after submission.

6. Auditor Responsibilities

We will:

• Plan and perform the audit to obtain reasonable assurance that the financial statements are free from material misstatement;

• Issue an audit report in accordance with HKSAs (or ISAs if mutually agreed);

• Conduct risk assessments, perform testing, and consider internal controls where appropriate.

No assurance will be provided outside the agreed audit scope unless separately arranged.

7. Use of AI Technology

Our audit service integrates AI-powered tools to assist in the initial analysis of uploaded data. However, all audit judgments, procedures, and reports are finalized by qualified professional auditors to ensure full compliance with applicable standards and ethics.

8. Fee Adjustments

The quoted fees apply assuming complete and accurate accounting records are provided. Additional fees may be charged in the following situations:

• Records are incomplete, inconsistent, or revised after audit work begins;

• Complex consolidation, IFRS restatement, or audit evidence is missing;

• Significant on-site fieldwork or client-specific compliance issues arise.

9. Engagement Letter and Agreement

These standard terms serve as a pre-engagement agreement. A formal Audit Engagement Letter will be signed prior to commencement of audit procedures. This letter will confirm:

• The selected financial reporting framework (e.g., HKFRS, SME-FRS, IFRS);

• The auditing standards (HKSAs or ISAs);

• Scope, limitations, confidentiality clauses, and responsibilities;

• Whether additional procedures will be conducted under HKRS 4400 (Agreed-Upon Procedures).

10. Jurisdiction and Applicability

This audit service is intended exclusively for companies incorporated or operating in Hong Kong and is governed by the laws of the Hong Kong Special Administrative Region (HKSAR). Engagements involving other jurisdictions require a separate written agreement.

11. Acceptance

By proceeding to upload your records or accept our quotation, you confirm that:

• You are authorized to act on behalf of your company;

• You understand and accept these Standard Terms of Audit Services;

• You agree to proceed with the engagement of LSW CPA & Co. under these terms.

12. Disclaimer Acknowledgement

To ensure compliance, transparency, and quality in the delivery of our AI-powered audit services, the following disclaimer terms apply to all engagements with LSW CPA & Co. for statutory audits conducted under Hong Kong laws and standards:

• Accuracy and Legality of Client-Provided Information
You, as the client, confirm that all accounting records, financial statements, and supporting documents uploaded or provided to us are complete, accurate, lawful, and genuine. You bear full responsibility for any consequences, losses, or regulatory issues arising from the submission of incomplete, inaccurate, or illegal data. This includes any penalties or compliance issues under the Companies Ordinance (Cap. 622) or other applicable Hong Kong regulations.

• Additional Fees for Non-Compliance or Incomplete Records
If incomplete, inconsistent, or inaccurate records result in additional audit procedures, extended processing time, on-site verification, or deviations from the agreed scope, you will be liable for additional fees. Such fees will be determined based on the complexity of the issue and communicated in accordance with the terms outlined in the Audit Engagement Letter.

• Finalization of Accounting Records
All accounting records submitted for audit must be finalized and account-closed prior to the commencement of audit procedures. Any material revisions, amendments, or additional submissions made after audit work begins may result in additional fees, as outlined in Section 8 (Fee Adjustments) of the Standard Terms of Audit Services.

• Non-Refundable Fees
All audit fees, as outlined in Section 3 (Audit Pricing), are non-refundable once audit procedures have commenced, regardless of changes in client decisions, delays caused by incomplete documentation, or other client-related factors.

• Scope of Assurance and Excluded Services
The statutory audit, as outlined in Section 1 (Engagement Scope), is an assurance engagement conducted to express an independent opinion on whether your financial statements are prepared, in all material respects, in accordance with the applicable financial reporting framework (e.g., HKFRS, SME-FRS, or IFRS) and in compliance with Hong Kong Standards on Auditing (HKSAs) or International Standards on Auditing (ISAs), as agreed. Unless explicitly specified in the Audit Engagement Letter, our services do not extend to additional assurance engagements (e.g., agreed-upon procedures under HKRS 4400), legal opinions, tax advisory, or other advisory services, which require separate engagement terms.

• Right to Refuse or Suspend Services
LSW & Co. CPA., reserves the right to refuse or suspend audit services if there is reasonable suspicion of fraud, misrepresentation, or non-compliance with these terms, applicable Hong Kong laws, or professional auditing standards (HKSAs or ISAs, as applicable). Any suspension will be communicated in writing, and additional costs incurred up to that point will remain billable.

• Indemnity
You agree to indemnify and hold harmless LSW & Co. CPA., its employees, affiliates, and subcontractors from any claims, liabilities, or costs (including legal fees) arising from your breach of these terms, submission of inaccurate or unlawful data, or misuse of the audit report or deliverables.

• Force Majeure
LSW & Co. CPA.shall not be liable for delays or failures in performing audit services due to events beyond our reasonable control, including but not limited to system outages, disruptions in our AI-powered platform, regulatory changes, or natural disasters. We will notify you promptly of any such events and work to mitigate delays.

• Use of AI Technology
As noted in Section 7 (Use of AI Technology), our AI-powered tools are used to assist in the initial analysis of uploaded data. While these tools enhance efficiency, all audit judgments, procedures, and final reports are performed and reviewed by qualified professional auditors in compliance with Hong Kong Standards on Auditing (HKSAs) or International Standards on Auditing (ISAs), as agreed. You acknowledge that reliance on AI-assisted processes does not diminish your responsibility to provide accurate and complete records.

• Governing Law
These disclaimer terms, in conjunction with the Standard Terms of Audit Services, are governed by the laws of the Hong Kong Special Administrative Region (HKSAR). Any disputes arising from these terms shall be resolved in accordance with Hong Kong law.

Standard Terms of Executive Financial Analysis Services

Standard Terms of Executive Financial Analysis Services

Welcome to our AI-driven Executive Financial Analysis Services. By proceeding to use our service, uploading financial data, or purchasing a report (including the same-day $40 Executive Report), you agree to the following Terms of Service. These terms ensure transparency, define responsibilities, and protect both parties in the delivery of our professional analytical reports.

1. Service Scope and Deliverables

We provide on-demand, AI-powered Executive Financial Analysis Reports tailored for senior executives, professional investors, and corporate boards. Each report includes:

• 13+ key financial metrics, including cash flow, profitability, and efficiency ratios;

• FP&A metrics (e.g., forecast vs actuals, variance analysis);

• Industry benchmarking against regional and global competitors;

• AI-generated insights, trends, and suggestions;

• Investment-grade commentary and risk analysis (if applicable).

We offer over 200 types of tailored financial reports across industries and formats.

Standard Executive Report Fee: USD $40 per report
Turnaround Time: Same-day delivery for standard reports (within 24 hours of data submission and payment confirmation).

2. Target Audience and Use Cases

These reports are ideal for:

• CEOs and C-level executives;

• Investors (e.g., angel investors, family offices, institutional analysts);

• CFOs, Controllers, and Treasurers;

• SaaS and startup founders seeking external investment or board visibility;

• Financial controllers and internal analysts.

Reports may be used for internal management, investor presentations, strategic planning, or capital-raising support. However, they are not intended to serve as audit reports, formal valuations, or financial due diligence opinions.

3. Client Responsibilities

To ensure report accuracy and timely delivery, you agree to:

• Provide accurate, complete, and up-to-date financial statements and/or KPIs;

• Disclose any changes, restatements, or post-submission adjustments;

• Specify the applicable accounting framework (IFRS, US GAAP, HKFRS, etc.);

• Review and approve final content before sharing externally.

We reserve the right to refuse or delay processing in cases where data is incomplete, inconsistent, or appears unreliable.

4. Nature of Insights and Limitations

While our reports include investment-style commentary, performance insights, and peer comparisons, you acknowledge that:

• These reports are informational and advisory in nature, not investment advice;

• They are not substitutes for audited financials, certified valuations, or legal opinions;

• We do not act as investment advisers or assume fiduciary responsibility for how our reports are used.

Reports do not guarantee business outcomes, financing success, or investment returns.

5. AI and Human Input

Our Executive Reports combine:

• Proprietary AI analytics to assess performance across structured data;

• Automated benchmarking against thousands of peer companies;

• Human oversight and expert review to contextualize insights and ensure clarity.

Final commentary is curated by qualified professionals and reflects the best interpretation of submitted data and available comparables.

6. Delivery Terms and Revisions

• Standard reports are delivered digitally (PDF or other requested formats) via secure link within 24 hours;

• Custom or sector-specific reports may require longer turnaround and incur additional fees;

• One round of minor revisions (e.g., data corrections, presentation adjustments) may be requested within 48 hours of delivery;

• Major rework, scope changes, or post-approval edits may incur additional charges.

No refunds will be issued once the report has been delivered.

7. Fees and Payment

• Reports are charged per delivery at the stated rate (e.g., USD $40 for Executive Reports);

• Payment is required in advance via accepted online payment methods;

• For bulk requests or recurring analysis services, custom pricing may apply (please inquire directly).

Invoices are available upon request.

8. Confidentiality and Data Use

We treat all client-submitted data with strict confidentiality and comply with applicable privacy and data protection laws.

• Your data will not be shared with third parties unless required by law or explicitly authorized by you;

• Analytical models and benchmarks are based on anonymized data and publicly available sources;

• We retain the right to reuse anonymized financial insights (not company names or identifiers) to improve our models.

9. Intellectual Property

All report formats, analysis methods, AI-generated commentary, and visualizations are the intellectual property of AI Chopstickspig Dynamic Limited.

• You are granted a non-transferable, limited license to use the report for internal or investor-facing purposes;

• You may not reproduce, resell, redistribute, or publish our reports in whole or in part without prior written consent.

10. Liability Limitation

To the fullest extent permitted by law:

• We shall not be liable for any indirect, incidental, or consequential losses related to the use of our reports;

• Our total liability for any direct claim is limited to the amount you paid for the relevant report;

• Any claims must be submitted in writing within 6 months of the report delivery date.

11. Jurisdiction and Governing Law

Unless otherwise agreed in writing, these terms are governed by the laws of Hong Kong.
Disputes will be resolved in the courts of that jurisdiction.

12. Disclaimer and Client Acknowledgement

To ensure compliance, transparency, and quality in our AI-powered financial analysis services, the following terms apply to all engagements:

• A. Accuracy and Legality of Client-Provided Information You confirm that all financial data, statements, and records provided are complete, accurate, lawful, and genuine. You bear full responsibility for losses, regulatory issues, or inaccuracies arising from incomplete, incorrect, or non-compliant data. This includes penalties under applicable laws (e.g., Hong Kong Companies Ordinance).

• B. Fees for Additional Work If incomplete/inconsistent data necessitates extra analysis, rework, or delays beyond the standard scope, additional fees will apply. These fees reflect the complexity of the request and will be communicated per Section 7 (Fees and Payment).

• C. Non-Refundable Fees All fees are non-refundable once report processing begins (e.g., after data submission and payment), regardless of client delays, data revisions, or changed decisions.

• D. Nature of Service and Limitations Reports are advisory and informational, not audit opinions, valuations, or investment advice (as stated in Section 4).
Services exclude legal, tax, or assurance engagements (e.g., formal due diligence), which require separate agreements.

• E. Right to Refuse or Suspend Services We reserve the right to refuse or suspend services if:
1. There is reasonable suspicion of fraud, misrepresentation, or illegal activity;
2. Client data breaches these terms or applicable laws.
Any suspension will be notified in writing, and fees for work completed remain payable.

• F. Indemnity You agree to indemnify and hold harmless our company, affiliates, and personnel against claims, costs (including legal fees), or liabilities arising from: 1. Your breach of these terms;
2. Submission of inaccurate/unlawful data;
3. Misuse of reports or deliverables.

• G. AI Technology and Human Oversight
While AI tools enhance analysis efficiency (Section 5), all insights and commentary are reviewed by qualified professionals. You acknowledge that AI-assisted processes do not negate your duty to provide accurate data.

• H. Governing Law
These terms are governed by Hong Kong law. Disputes shall be resolved in Hong Kong courts (per Section 11).

For custom reports, multi-entity consolidation, or long-term partnerships, please contact our team to discuss a tailored engagement.

Standard Terms of ESG and Carbon Intelligence Reporting Services (Hong Kong and Global Clients)

By engaging our ESG and Carbon Reporting Services, you agree to the following terms and conditions. These services are provided by AI Chopstickspig Dynamic Limited, utilizing our proprietary AI platform (e.g., AI ChopsticksPig) for the generation of integrated ESG and financial metrics. Please read carefully.

Scope of Service

Our ESG reporting services offer AI-powered, data-driven reports that integrate financial results with environmental, social, and governance (ESG) metrics. Reports may include:

ESG-Integrated Profit & Loss (P/L) Statements
Scope 1 and Scope 2 Carbon Emissions Disclosures
Resource Intensity Metrics (Energy, Water, Waste)
ESG-adjusted financial performance indicators
KPI alignment with:

Global Reporting Initiative (GRI)
SASB, TCFD, ISSB standards
HKEX ESG Reporting Guide
Any local or industry-specific frameworks, to be provided

These reports are advisory in nature and intended to support sustainability disclosures, internal performance reviews, and investor communications.

Note: This is not an assurance engagement under auditing standards. If assurance or verification is required (e.g., limited or reasonable assurance under ISAE 3000), a separate agreement will be arranged.

Client Responsibilities

To enable accurate ESG and Carbon Reporting, you agree to:

Provide all requested operational and environmental data, including energy, emissions, water, waste, HR, and governance data;
Ensure the data is complete, accurate, and current;
Designate a responsible contact person or ESG officer to coordinate with our team;
Disclose any material changes to your operations or relevant data sources during the engagement period.

Failure to provide accurate or complete data may result in limitations in reporting scope, delayed delivery, or additional charges.

Delivery Process

Our engagement includes:

Initial scoping based on your business sector, compliance obligations, and available data;
AI-supported analysis and benchmarking across key ESG and financial KPIs;
Preparation and delivery of ESG-integrated financial reports in PDF or editable formats;
Online dashboards or real-time monitoring interfaces (Optional)( available under specific plans);
A final call or walkthrough to review insights and client queries.

Typical turnaround time is from full data submission, subject to scope and complexity.

Technology and Platform Use

Our ESG reporting solutions are powered by our proprietary AI system, which automates:

ESG data processing and classification;
Carbon footprint calculations using recognized emission factors;
ESG financial integration and ratio analysis.

All client data is processed securely stored on encrypted servers. We reserve the right to enhance our models or analytics engine during the term to maintain compliance with evolving standards.

Fees and Charges

Fees are determined based on:

Business size and reporting scope (e.g., number of sites or facilities);
The ESG frameworks selected (e.g., GRI vs HKEX only);
Whether real-time tracking or dashboard access is included.

All fees will be agreed in advance and invoiced according to the proposal or service plan. Additional charges may apply in cases of:

Substantial changes in scope or requested revisions post-delivery;
Late data submissions or repeated resubmissions;
Site-specific analyses or physical visits (if requested).

Disclaimer and Client Acknowledgement

To ensure compliance and transparency in our AI-powered ESG reporting services:

A. Data Accuracy & Legality

You confirm all provided operational/environmental data is complete, accurate, and lawful. You bear full responsibility for regulatory penalties or reputational damage arising from non-compliant data (e.g., under HKEX ESG Guide, environmental laws).

B. Additional Fees

Extra charges apply when:

- Late submissions or data resubmissions occur

- Material operational changes require rework

- On-site verification is requested (per Section 5)

C. Non-Refundable Fees

All fees are final once data processing commences (after full submission + payment).

D. Nature of Service

- Reports are advisory tools only – not assurance engagements (ISAE 3000), carbon certifications, or legal opinions

- Outputs rely on client-provided data + global benchmarks (clearly noted in footnotes)

- No liability for third-party consequences from incomplete data

E. Service Refusal Rights

We may suspend services for:

Suspected fraud or material misrepresentation
Breach of environmental regulations
Non-payment of additional fees

Written notice will be provided; completed work remains payable.

F. Indemnity

You agree to cover all claims/costs arising from:

- Breach of these terms

- Inaccurate data submissions

- Unauthorized report distribution

- Regulatory non-compliance

G. AI Technology

While AI automates calculations (Section 4), all frameworks alignment and insights are human-reviewed. AI limitations don't override your data accuracy obligations.

H. Governing Law

Hong Kong law applies (per Section 9). Disputes resolved exclusively in Hong Kong courts.

Confidentiality

We treat all client information and sustainability data as strictly confidential. Such data will only be used to perform the agreed engagement and will not be disclosed to third parties unless:

Required by law or regulation;
Authorized by the client in writing;
Necessary for professional advice or subcontractor execution under similar confidentiality terms.

Please refer to our separate policy for full details.

Intellectual Property

Unless otherwise agreed:

The methodology and AI technology used to generate reports remain the intellectual property of AI Chopstickspig Dynamic Limited;
You are granted a non-exclusive, non-transferable license to use the deliverables for internal or compliance reporting only;
You may not distribute or modify our templates or AI-generated analytics for resale or external publishing without written consent.

Governing Law

These terms are governed by the laws of the Hong Kong Special Administrative Region. Disputes shall be resolved by the courts of Hong Kong unless otherwise agreed in writing.

By submitting data, you confirm:

Authorization to represent the entity
Understanding of these terms (including Section 6 disclaimer)
Acceptance of AI's role and service limitations

Terms & Conditions – Fully Automated Financial System Services

By purchasing the Fully Automated Financial System services, you agree to the following terms and conditions.

Scope of Service
The platform automatically generates the four key financial statements (Profit & Loss, Balance Sheet, Cash Flow Statement, and Statement of Changes in Equity) and provides real-time, compliant financial management tools. Services may include:

Automated transaction processing and reconciliation
AI-powered financial analysis and reporting
Integration with supported banking, payment, and accounting systems
On-chain and off-chain asset tracking and reconciliation

Application Scenarios include but are not limited to:

Real-World Asset (RWA) Accounting – Full lifecycle accounting for tokenized or digital representations of real-world assets
Stablecoin & Cryptocurrency Asset Tracking – Valuation, gain/loss reporting, and movement tracking for stablecoins and other digital assets
Digital Currency Financial Reporting – Period-end financial statements incorporating fiat and digital currency balances
On-Chain/Off-Chain Reconciliation – Automated reconciliation between blockchain ledger data and traditional accounting records

These outputs are advisory tools to support financial management and compliance. They are not audits, assurance engagements, or legal opinions.

Client Authorization & Responsibilities
You authorize the service provider to:

Access, connect to, and configure your accounting and finance system(s), including relevant databases, APIs, and cloud services finance settings;
Retrieve, process, and store necessary financial and operational data for the purposes of delivering the services.

You agree to:

Provide complete, accurate, and lawful financial data;
Maintain active system access for the duration of the service;
Notify of any material changes to your operations, system configuration, or financial data sources.

Data Security & Confidentiality
All client data is securely processed and stored on encrypted servers. Data will not be shared with third parties except:

Where required by law or regulation;
Where authorized by you in writing;
Where necessary for subcontractor execution under equivalent confidentiality terms.

Fees & Payment
All fees are negotiable and as stated on the purchase page . Once data processing has commenced, fees are non-refundable. Additional fees may apply for:

Significant scope changes after purchase;
Late data provision or repeated resubmissions;
Custom integrations or additional support requests.

Intellectual Property
Unless otherwise agreed in writing:

All methodologies, algorithms, AI models, platform code, proprietary processes, templates, and generated analytics used to deliver the services remain the sole intellectual property of the service provider;
Deliverables provided to you are for your organization’s use in connection with the purchased services and may not be copied, distributed, resold, sublicensed, modified, or used for any external commercial purpose without prior written consent;
All rights, title, and interest in and to the platform, its outputs, and related materials are expressly reserved.

Indemnity
You agree to fully indemnify, defend, and hold harmless the service provider, its affiliates, officers, employees, and contractors from and against all claims, demands, damages, losses, liabilities, costs, and expenses (including reasonable legal fees) arising out of or related to:

Any breach of these terms;
Inaccurate, incomplete, unlawful, or misleading data provided by you;
Unauthorized access to or misuse of the platform or deliverables;
Regulatory penalties, tax assessments, or legal actions resulting from the use of the services or deliverables;
Third-party claims relating to your business activities or financial data.

This obligation survives the termination or expiration of the agreement.

Disclaimers & Liability

You are solely responsible for the accuracy and legality of your data.
The service provider is not liable for regulatory penalties, losses, or damages arising from inaccurate or incomplete data.
While AI automates processing, results are dependent on the data you provide.

Governing Law
These terms are governed by the laws of the Hong Kong Special Administrative Region. Disputes shall be resolved exclusively in the courts of Hong Kong.

By clicking “I Accept” and proceeding with payment, you confirm that you:

Are authorized to represent the purchasing entity;
Have read, understood, and agreed to these terms;
Authorize access to your accounting and finance settings as described above.