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Limited by Guarantee

A company limited by guarantee has no share capital — instead, members' liability is limited to an amount they undertake to contribute if the company is wound up.

This structure is common for not-for-profit organisations, professional associations, clubs, and charitable bodies in Hong Kong. Members don't own shares and can't receive dividends; any surplus is reinvested in the company's objects or donated on dissolution. The guarantee amount is typically a nominal sum (often HK$10 to HK$100).