Company: CCHH
Filing Date: 2025-09-12
Form Type: F-1/A
Source: 0001213900-25-087080
Chunk: 69

Company: CCH Holdings Ltd
Filing Date: 2025-09-12
Form: F-1/A
Chunk 69
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 new restaurant locations with better customer traffic, and (ii) domestic economy instability affecting the market sentiment which led to the consumers being more prudent on daily spending. Sales of food ingredients and condiments.Revenues from sales of food ingredients and condiments increased by 23.2% from US$1.01 million for the year ended December31, 2023 to US$1.24 million for the year ended December31, 2024, primarily attributable to the increased sales of products to one local distributor of food supply chain. Franchised licensing.Revenues from franchised licensing increased by 118.7% from US$0.31 million for the year ended December31, 2023 to US$0.67 million for the year ended December31, 2024. The increase in revenues is primarily attributable to the increased master license fees and royalties contributed by the licensees outside Malaysia for the year ended December31, 2024, as a result of our efforts to expand our brand footprints in Thailand and China during 2024, which we expect these master licensees outside Malaysia will contribute more royalties and outlet license fees in the future. Others Revenues from leasing out buildings increased by 44.5% from US$0.25 million for the year ended December31, 2023 to US$0.37 million for the year ended December31, 2024, primary attributable to the addition of three lease agreements as lessor in 2024. Cost of Revenues We recorded a total cost of revenues of US$6.51 million for the year ended December 31, 2024, representing a decrease of 14.0% from US$7.57 million for the year ended December 31, 2023, primarily driven by the decrease in cost of materials, salaries and related social insurance costs, and repairs and maintenance costs, which was (i) generally in line with the decreased revenues from company -ownedrestaurant operations, and also (ii) a result of our further optimization in standardized operations which led to improvement in overall cost control. Material costs.Our costs of materials including costs of food, beverage and consumables, decreased from US$3.20 million for the year ended December31, 2023 to US$2.91 million for the year ended December31, 2024, which was in line with the decreased revenues from company -ownedrestaurant operations. Payroll costs.Our payroll costs including salaries and related social insurance costs for restaurant staff decreased from US$2.