Company: CLIK
Filing Date: 2025-04-02
Form Type: 424B4
Source: 0001213900-25-027705
Chunk: 93

Company: Click Holdings Ltd.
Filing Date: 2025-04-02
Form: 424B4
Chunk 93
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,891 in 6M2023 to $15,702 in 6M2024, and such increase was in line with the increase in interest rate, which is determined by Hong Kong Interbank Offer Rate (“HIBOR”). Total other expense, net Other expense, net increased by approximately 169.2% from $4,355 in 6M2023 to $11,725 in 6M2024, which was mainly due to the increase in interest expense on bank loans. 56 Income tax expense We are subject to income tax on an entity basis on profit arising in or derived from the jurisdiction in which our Company and its subsidiaries domicile or operate. Some of our subsidiaries are companies incorporated in the BVI. Under the current law of the British Virgin Islands, we are not subject to income, corporation or capital gains tax in the BVI. In addition, payment of dividends by the BVI subsidiaries to their respective shareholders who are not resident in the BVI, if any, is not subject to withholding tax in the BVI. Income tax expense is comprised mainly of Hong Kong income tax. Income tax expense was $50,415 and $18,055 for each of 6M2024 and 6M2023, respectively. The increase was mainly due to the increase in net income before provision for income taxes. The income before provision of income tax in 6M2023 was partly absorbed by the tax loss carried forwards from the year ended 31 December 2022, thus less income tax expense was provided in 6M2023. Net income We recorded net income of approximately $0.5 million in 6M2024, compared to approximately $0.4 million in 6M2023. Such increase was attributable to the increase in revenue and gross profit margin, partially offset by the increase in general and administrative expense in 6M2024. Basic and diluted EPS Basic and diluted EPS remained stable at approximately $0.03 per ordinary share for 6M2024 and 6M2023, respectively. Liquidity and Capital Resources We financed our operations primarily through cash flows from operations and loans from banks and related parties, if necessary. As of December 31 2023, we had cash and cash equivalents of $482,588 and outstanding bank loans of $461,538, which are payable within one year. The bank loans bore interest ranging from 6.37% to 7.15%. As of December 31 2023, our current