PS International Group Ltd.
For the period ended Jun 30, 2025. Filed Nov 26, 2025.
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Jun 30, 2025 · Filed Nov 26, 2025
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EX-99.1 · Commitments and contingencies
Commitments and contingencies
Capital commitments
The Company’s capital commitments primarily relate to capital expenditure contracted for purchase of property and equipment, including the office premises and motor vehicle parking spaces located in Hong Kong. Total capital commitments contracted but not provided for amounted to $4,685,269 andnil as of June 30, 2025 and December 31, 2024, respectively. The capital expenditures contracted for are analyzed as follows:
| As of December 31, · As of June 30, | |||
|---|---|---|---|
| 2024 · 2025 | |||
| No later than 1 year | $ | - | $4,685,269 |
| Total | $ | - | $4,685,269 |
In the normal course of business, the Company is subject to contingencies, including legal proceedings and environmental claims arising out of the normal course of businesses that relate to a wide range of matters, including among others, contracts breach liability. The Company records accruals for such contingencies based upon the assessment of the probability of occurrence and, where determinable, an estimate of the liability. Management may consider many factors in making these assessments including past history, scientific evidence and the specifics of each matter. The Company’s management has evaluated all such proceedings and claims that existed as of December 31, 2024 and June 30, 2025.
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