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PENSION COSTS
12 Months Ended
Jun. 30, 2022
PENSION COSTS  
PENSION COSTS

8. PENSION COSTS

 

Contributions to retirement schemes (which are defined contribution plans) are charged to general and administrative expenses in the statements of operation and comprehensive income as and when the related employee service is provided.

 

The Company is required to make contribution under a defined contribution pension scheme for all of its eligible employees in Hong Kong. The Company is required to contribute a specified percentage of the participants’ relevant income based on their ages and wages level. The total contributions made were $568 and $2,895 for the years ended June 30, 2022 and 2021, respectively.