Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 4

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 4
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idiaries’ business, results of operations and financial condition. Additionally, continued turbulence in the international
markets may adversely affect our ability to access the capital markets to meet liquidity needs.

Substantially
all of our operations are in Hong Kong. However, due to the long arm provisions under the current PRC laws and regulations, the Chinese
government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations
at any time, which could result in a material change in our operations and/or the value of our Class A Ordinary Shares. The enforcement
of laws and that rules and regulations in China can change quickly with little advance notice. The Chinese government may intervene or
influence our operating subsidiaries’ operations at any time, or may exert more control over securities offerings conducted overseas
and/or foreign investment in Hong Kong-based issuers, which could result in a material change in our operating subsidiaries’ operations
and/or the value of the Shares.

   3  

Our
operations are primarily located in Hong Kong so we are subject to the laws, regulations and policies of the Hong Kong government as
well as the influence of the PRC government. However, our ability to operate in Hong Kong may be adversely affected by changes in its
laws and regulations. As of the date of this Annual Report, our current clientele is based in Hong Kong, but we may in the future have
clients that are Hong Kong-based public or private entities that may have shareholders or directors who are PRC individuals or entities,
certain of whom may be materially adversely affected by changes in relevant laws and regulations. As such, our business operations could
be adversely affected, directly or indirectly, by existing or future laws and regulations relating to our business or industry. As of
the date of this Annual Report, we do not expect to be materially affected by recent statements by the PRC government indicating an intent
to exert more oversight and control over securities offerings that are conducted overseas and/or foreign investment in China-based issuers.
However, due to long arm provisions under the current PRC laws and regulations, there remains regulatory uncertainty with respect to
the implementation and interpretation of laws in China. The PRC government may choose to exercise significant oversight and discretion,
and the policies, regulations, rules, and the enforcement of laws of the Chinese government to which we are subject may change rapidly
and with little advance notice to us or our shareholders. As a result, the application, interpretation, and enforcement of new and existing
laws and