About us

Edmond To CPA Limited is well established by a team of qualified accountants, mainly from Big 4 international accounting firms. We have a strong team of professionals specializing in various industries to work with our clients in the aspects of accounting, assurance, taxation, corporate finance, business and IPO advisory.

Project

Through our past valuable experience, our senior management and professional staffs have been involved in the statutory audit, due diligence, internal control review, initial public offerings (IPO) and other special assignments of some companies listed on both Main and GEM Board of the Stock Exchange of Hong Kong.

HONORABLE AUDITS

Professional Services

Accounting Services

We have hired experienced professionals to apply various accounting software in effectively recording accounting records and preparing quarterly or annually financial statements so as to make the senior management clearly understand the financial position of their companies and make good use of their resources. According to the needs of our clients, we can assist in preparing of special accounting or financial reports. 

Our accounting services include: 

  • Assist in preparing of quarterly or annually financial statements;
  • Design and establish accounting systems;
  • Provide in-house staff training;
  • Arrange accounting professionals as provisional accountants ;
  • and Provide professional advice on the use of capital.

Audit and Assurance

According to Hong Kong Companies Ordinance Cap 32 Section 122, the annual financial statements of limited liability companies in Hong Kong should be audited by Hong Kong Certified Public Accountants (Practising), for the purpose of presenting for shareholders’ review and approval in the Annual General Meeting. In addition, Hong Kong Inland Revenue Department also requires the limited liability companies to submit the profits tax return together with the audited financial statements for the purpose of profits tax assessment.
Except for the statutory audit, we also provide the following special auditing services:

  • Special review on particular assets and liabilities of the company;
  • Perform audit on the internal control system of the company;
  • Valuation on sale of a business;
  • Prepare due diligent report for merger and acquisition or listing;
  • and  Prepare special review report for application for migration to Australia. 

Tax Services

We have a team of experienced tax professionals to help our clients in tackling different tax issues mainly in both Hong Kong and China.  With sound knowledge of clients' businesses and industries, we can help our clients enhance their tax compliance and seek more tax preferences.

Our tax services include:

  • Individual income and corporate profits tax submission;
  • Individual income and corporate profits tax compliance and planning; and Tax investigation
  • and field audit by Inland Revenue Department in Hong Kong.

Corporate Finance

We have extensive financing knowledge and experience to build up a broad interpersonal relation network and maintain long-term close cooperation with financial institutions and fund management companies and venture capital fund houses. Our finance professionals always keep considering different situations, match investor's development strategy, and formulate financing plans for the long run, which not only tackle the problems to facilitate the business development, but also effectively use various finance tools to raise capital for the clients for their business development. 

Our corporate finance services include: 

  • Introduction of project loans;
  • Cash flow finance;
  • Venture capital arrangement;
  • Corporate finance consultancy services; 
  • and Financing plan design.

IPO in Hong Kong

Hong Kong is an ideal platform for enterprises to go public for raising funds. An enterprise can enhance its corporate governance and reputation through listing in Hong Kong. In addition, listing in Hong Kong can help an enterprise to rapidly develop, attract specialized manpower and enhance its competitiveness in market.

Basic requirements for IPO on Main Board are as follows:

(1)  The enterprise must meet one of the following three criteria

    Profits Test 

  • 3 years' profits after tax not less than HKD50 million 
  • First 2 years' profits after tax not less than HKD30 million, and recent 1 year's profits after tax not less than HKD20 million 
    Market Capitalization/Revenue Test 
  • Market Capitalization not less than HKD4 billion
  • Recent 1 year's revenue not less than HKD500 million 
    Market Capitalization/Revenue 
  • Market Capitalization not less than HKD2 billion 
  • Recent 1 year's revenue not less than HKD500 million 
  • Previous 3 year's accumulated cash inflow not less than HKD100 million 

(2) 
Business Track Record Requirement 
  • 3 years business track record (if market capitalization or revenue or test is met, it can be shorter than 3 years) 
  • Administration and operation under substantially the same management 
  • Operation under substantially the same ownership and control in recent 1 year 

(3) 
Management Requirement and Undertaking 

    Management Requirement 
  • 3 independent non-executive directors 
  • Must set up audit, nomination and remuneration committee 
    Shareholders Undertaking 
  • IPO documents must disclose that major shareholders not to sell their interests in the company within the first six months after listing 
    Management Undertaking 
  • IPO documents must disclose that management not to sell its interest in the company within 12 months after listing, so the controlling shareholder of the company, keeping at least 30% interest in the company 

(4) 
Minimum Public Float 

  •    The public float in IPO shall not be less than HKD50 million 
  •  The public shareholding percentage in IPO is not less than 25% of issued share capital 
  •  If the market capitalization in IPO is more than HKD10 billion, the public shareholding can be cut down from 25% to 15%


Basic requirements for IPO on GEM Board are as follows:

(1) 
Financial Requirements 
  •  No profit requirement
  • Previous 2 year's cash inflow from operation activities not less than HKD20 million 
  •  Market capitalization at the time of listing not less than HKD100 million 

(2) 
Business Track Record Requirement 
  • At least two financial years business track records
  • Management continuity throughout the two preceding financial years 
  •  Ownership continuity and control throughout the preceding full financial year

(3) 
Management Requirement and Undertaking 
    Management Requirement 
  • At least three independent non-executive directors 
  • Must establish audit, nomination and remuneration committee 
    Shareholders Undertaking 
  • IPO documents must disclose that major shareholders not to sell their interests in the company within the first six months after listing 
    Management Undertaking 
  • IPO documents must disclose that management not to sell its interest in the company within 12 months after listing, so the controlling shareholder of the company, keeping at least 30% interest in the company 

(4) 
Minimum Public Float 
  • At least 25% of the issuer's total issued share capital subject to a minimum of HK$30 million must be held by the public
  • If the market capitalization in IPO is more than HKD10 billion, the public shareholding can be cut down from 25% to 15%

Company Secretarial Services

We have abundant experience in providing company secretarial services for several years, especially for registration of limited liability companies in Hong Kong, China and overseas. This can help our clients meet their needs.

Our company secretarial services include:

  •    Registration of limited liability companies in Hong Kong, China and overseas;
  •  Provide company secretarial and registered office address services;
  •  Collect letters and documents;
  •     Arrange bank account opening services;
  •  Assist in company liquidation or deregistration;
  •  and  Arrange registration of trademark.

Contact Us

Address : Suite 1631, 16/F., Ocean Centre, 5 Canton Road, Tsim Sha Tsui, Hong Kong


Phone : (852) 2155 1999


Fax : (852) 2155 1699


Email : eto@etocpa.com


URL : www.okcism.org

Useful Link

  • CPA
  • Inland Revenue Department
  • HKEX
  • GovHK