Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 23

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 23
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compliance with the Personal Data (Privacy) Ordinance (Chapter 486 of the Laws of Hong Kong) we are obliged to keep all such data confidential.
If any personal data provided by personnel is improperly disclosed to third parties, such personnel may take legal action against us
for damages and/or compensation for the loss that may have arisen therefrom. Any relevant claims or legal action taken against us may
affect our reputation and results of operations. There is no assurance that there will not be any improper disclosure of personal data
or unauthorized access to our database.

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Our
services depend on the reliability of computer systems maintained by us or our outsourcing vendors and the ability to implement, maintain
and upgrade our information technology and security measures.

Our
services depend on the reliability of computer systems maintained by us and our outsourcing vendors to operate efficiently and reliably
at all times. Certain emergencies or contingencies could occur, such as a natural disaster or a significant power outage, which could
temporarily shut down our facilities and computer systems. Further, our cybersecurity measures may not detect, prevent or control all
attempts to compromise our systems, including distributed denial-of-service attacks, viruses, Trojan horses, malicious software, break-ins,
phishing attacks, third-party manipulation, security breaches, employee misconduct or negligence or other attacks, risks, data leakage
and similar disruptions that may jeopardize the security of data stored in and transmitted by our systems or that we otherwise maintain.
In addition, if the technological and operational platforms and capabilities become outdated, we will be at a disadvantage when competing
with our competitors. In addition, our failure to back up our data and information in a timely manner may cause material disruption of
our business operation and may therefore adversely affect our business and results of operations.

There
is no assurance that we can generate sufficient cash flow from operating activities and/or obtain external financing in the future to
meet our operational needs.

For
the year ended December 31, 2023, we had net cash inflow from our operating activities of approximately US$0.4 million, primarily arising
from our operating profit adjusted for changes in working capital. For the year ended June 30, 2025, we had net cash outflow from our
operating activities of approximately US$6.0 million, primarily arising from our net loss adjusted for changes in working capital.
Accordingly, we require significant amount of working capital to fund the payroll of placement filled by us before the corresponding
payments from clients. There