Hong Kong Company Taxation Ordinance:

1. No operating companies also need to issue a non-operating audit report
2. companies that have not yet been audited need to make up for the audit report of the company since its inception
3. Failure to retain company information in accordance with tax regulations will be subject to a maximum fine of HK$100,000 in penalty.
4. All company documents and records must be kept for at least 7 years.