Annual Update – updates of the most recent cases and application of the Companies Ordinance (Cap.622) now more than four years after its enactment • The progress of the four main objectives of this Ordinance remains the point of focus: (i) Enhancing corporate governance; (ii) Ensuring better regulations; (iii) Facilitating business in Hong Kong; and (iv) Modernising the law, fours years after its full and complete enactment. Incorporates amendments introduced by the Companies (Amendment) (No 2) Ordinance 2018: (i) Reporting exemption – expanding the scope for simplified reporting (ii) Updating relevant accounting-related provisions (iii) Streamlining and clarifying provisions to facilitate compliance (iv) Display of company names for non-Hong Kong companies (v) Alignment of penalty provisions relating to financial statements and reports