Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 43

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 43
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 associated with our public company reporting
requirements. It may also be more difficult for us to find qualified persons to serve on our BOD or as executive officers. We are currently
evaluating and monitoring developments with respect to these rules and regulations, and we cannot predict or estimate with any degree
of certainty the amount of additional costs we may incur or the timing of such costs. The Sarbanes-Oxley Act, as well as rules subsequently
implemented by the SEC, impose various requirements on the corporate governance practices of public companies.

Our
status as an “emerging growth company” under the JOBS Act may make it more difficult to raise capital as and when we need
it.

We
are an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act (“ JOBS Act”) and
will remain an emerging growth company until the earlier of (i) the last day of the fiscal year (a) following the fifth anniversary
of the completion of our initial public offering; (b) in which we have total annual gross revenue of at least US$1.235 billion; or
(c) in which we are deemed to be a large accelerated filer, which means the market value of our Class A Ordinary Shares that is held
by non-affiliates exceeds US$700 million as of the last business day of our most recently completed second fiscal quarter, and (ii)
the date on which we have issued more than US$1.0 billion in non-convertible debt during the prior 3-year period. An emerging growth
company may take advantage of specified reduced reporting and other requirements that are otherwise applicable generally to public
companies. These provisions include exemption from the auditor attestation requirement under Section 404 of the Sarbanes-Oxley Act
in the assessment of the emerging growth company’s ICFR. If we elect not to comply with such auditor attestation requirements,
our investors may not have access to certain information they may deem important. The JOBS Act also provides an emerging growth
company with the permission to delay adopting new or revised accounting standards until such time as those standards apply to
private companies. We do not plan to opt-out of such exemptions afforded to an emerging growth company. As a result of this
election, our financial statements may not be comparable to companies that comply with public company effective data.

  22  

Because
of the exemptions from various reporting requirements provided to us as an “emerging growth company,” we may be less attractive
to