Hang Feng Technology Innovation Co., Ltd.
For the period ended Oct 24, 2025. Filed Oct 24, 2025.
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Oct 24, 2025 · Filed Oct 24, 2025
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Contents
EX-99.1 · Commitment and contingencies
Commitment and contingencies
In the normal course of business, the Company is subject to loss contingencies, such as legal proceedings and claims arising out of its business, which cover a wide range of matters, including, among others, government investigations and tax matters.
In accordance with FASB ASC 450-20, “Loss Contingencies”, the Company records accruals for such loss contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.
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