Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 87

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 87
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 tax purposes. A non-corporate U. S. Holder will be subject
to tax on dividend income from a “qualified foreign corporation” at a lower applicable capital gains rate rather than the
marginal tax rates generally applicable to ordinary income provided that certain holding period requirements are met. A non-U. S. corporation
(other than a corporation that is classified as a PFIC for the taxable year in which the dividend is paid or the preceding taxable year)
will generally be considered to be a qualified foreign corporation (i) if it is eligible for the benefits of a comprehensive tax treaty
with the U. S. that the U. S. Secretary of Treasury determines is satisfactory for purposes of this provision and includes an exchange
of information program, or (ii) with respect to any dividend it pays on stock that is readily tradable on an established securities market
in the U. S., including Nasdaq Capital Market. It is unclear whether dividends that we pay on our Class A Ordinary Shares will meet the
conditions required for the reduced tax rate. Dividends received on our Class A Ordinary Shares will not be eligible for the dividends-received
deduction allowed to corporations.

Dividends
will generally be treated as income from foreign sources for U. S. foreign tax credit purposes and will generally constitute passive category
income. Depending on the U. S. Holder’s individual facts and circumstances, a U. S. Holder may be eligible, subject to a number of
complex limitations, to claim a foreign tax credit not in excess of any applicable treaty rate in respect of any foreign withholding
taxes imposed on dividends received on our Class A Ordinary Shares. A U. S. Holder who does not elect to claim a foreign tax credit for
foreign tax withheld may instead claim a deduction, for U. S. federal income tax purposes, in respect of such withholding, but only for
a year in which such U. S. Holder elects to do so for all creditable foreign income taxes. The rules governing the foreign tax credit
are complex and their outcome depends in large part on the U. S. Holder’s individual facts and circumstances. Accordingly, U. S.
Holders are urged to consult their tax advisors regarding the availability of the foreign tax credit under their particular circumstances.

Taxation
of Sale or Other Disposition of Class A Ordinary Shares

Subject
to the discussion below under “ Passive Foreign Investment Company Rules,” a U. S. Holder will generally recognize capital
gain or loss upon the sale