1. fine: The Hong Kong SAR Government will impose fines on companies that fail to complete the annual review within the time limit, and the amount of fines will depend on the number of days overdue and the size of the company.
2. Damage to business reputation: Failure to complete the annual review within the time limit may affect the company's business reputation. Other enterprises, banks and suppliers may be unwilling to cooperate with companies with damaged reputation, thus affecting business development.
3. Legal liabilities: The directors of the company may bear legal liabilities, including personal fines or penalties. In addition, companies that fail to conduct annual review within the time limit may be regarded as violating relevant laws and regulations and face further legal sanctions.
Summary: Hong Kong companies will face fines, business reputation damage and legal responsibilities if the annual review is overdue. Completing the annual review in time is an important step to safeguard the company's reputation and abide by laws and regulations.