Hong Kong companies are required to provide audit reports for the period covered by the previous financial statements before the conversion and financial statements for nearly three months before the conversion. If the financial statements of your Hong Kong company cover the period from January 1 to December 31 of the natural year, if you need to convert shares in November 2023, then you will need to provide the audit report for December 31, 2022 and the financial statements between January and October 31, 23. If your previous audit report is not done, then you need to make up the audit report before you can transfer shares.
       It should also be noted that the transfer of shares of Hong Kong companies will also involve stamp duty, which will be reduced in the tax rate, and the stamp duty tax rate will be implemented from November 17, 2023, the new tax rate of 0.2% (the previous tax rate of 0.26%). Plus HK $5 flat tax. Stamp duty is based on the company's registered capital and net assets both maximum. For example, if the net assets of your company are greater than the registered capital, the calculation is based on the net assets. Otherwise, it is based on registered capital.