$SMOORE INTL (06969.HK)$ Taxation implies legitimacy and compliance, right? What’s concerning isn’t the tax rules themselves but the uncertainty surrounding them. It’s quite unexpected to see such regulations introduced today. Let’s hope all unresolved rules related to similar industries are clarified. Even if the rules are stringent, as long as they remain consistent, there will be clear guidelines for behavior and predictable decision-making. That’s far better than arbitrary decisions that come out of nowhere.