Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 37

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 37
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 Shares
will be listed on Nasdaq Capital Market, such securities will be covered securities. Although the states are preempted from regulating
the sale of our securities, the federal statute does allow the states to investigate companies if there is a suspicion of fraud, and,
if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities in a particular case.
Further, if we were no longer listed on Nasdaq Capital Market, our securities would not be covered securities and we would be subject
to regulations in each state in which we offer our securities.

We
may experience extreme volatility, which may make it difficult for prospective investors to assess the value of our Class A Ordinary
Shares.

Should
our Ordinary Shares experience run-ups and declines that are seemingly unrelated to our actual or expected operating performance and
financial condition or prospects, prospective investors may have difficulty assessing the rapidly changing value of our Class A Ordinary
Shares. In addition, investors of our Class A Ordinary Shares may experience losses, which may be material, if such investors purchase
shares of our Class A Ordinary Shares prior to any price decline.

Holders
of our Class A Ordinary Shares may also not be able to readily liquidate their investment or may be forced to sell at depressed prices
due to low volume trading. Broad market fluctuations and general economic and political conditions may also adversely affect the market
price of our Class A Ordinary Shares. As a result of this volatility, investors may experience losses on their investment in our Class
A Ordinary Shares. Furthermore, the potential extreme volatility may confuse the public investors of the value of our stock, distort
the market perception of our stock price and our Company’s financial performance and public image and negatively affect the long-term
liquidity of our Class A Ordinary Shares, regardless of our actual or expected operating performance. If we encounter such volatility,
including any rapid stock price increases and declines seemingly unrelated to our actual or expected operating performance and financial
condition or prospects, it will likely make it difficult and confusing for prospective investors to assess the rapidly changing value
of our Class A Ordinary Shares and understand the value thereof.

  20  

Our
Controlling Shareholders have significant voting power and may take actions that may not be in the best interests of our other shareholders.

As
of the date of this Annual Report, our Controlling Shareholders hold approximately 89.77% of the total voting power of our Company. As
a result, these shareholders will be able to control the management and affairs of our Company