Company: EUDAW
Filing Date: 2025-09-24
Form Type: 20-F/A
Source: 0001493152-25-014808
Chunk: 13

Company: EUDA Health Holdings Ltd
Filing Date: 2025-09-24
Form: 20-F/A
Chunk 13
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dn Bhd, a Malaysian company (“CK Health”) in the direct sale business of holistic wellness consumer products and services in Malaysia. Pursuant to the Share Purchase Agreement, EUDA has agreed to acquire the entire issued capital of Fortress Cove for an aggregate consideration of 10,000,000(“Consideration Shares”) newly issued ordinary shares, valued at approximately $ 15.0million based upon the enterprise fair value of CK Health appraised by an independent third-party valuation firm. An additional one million ordinary shares will be issued to the persons named in the Share Purchase Agreement if certain financial performance milestones based on CK Health’s net income for the fiscal years 2024 and 2025 are met.The acquisition closed on May 8, 2024 (see Note 5).

On July 1, 2024, Meng Dong Tan, Guohui Zhang, Xin Zhang, Yew Phang Chong, and Yew Yen Chong (the “Surrendering Shareholders”) entered into a share surrender deed with the Company. Under this agreement, the Company determined that the number of Consideration Shares that should have been issued to the Surrendering Shareholders was 8,571,428in aggregate, based on the $ 1.75per share price, which was the closing bid price quoted on Nasdaq on May 7, 2024, the date immediately preceding the completion date. The Surrendering Shareholders agreed to surrender an aggregate of 1,428,572fully paid Consideration Shares to the Company for no consideration, subject to the terms of the deed.

| F-7 |

EUDA HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, unless stated otherwise)

The accompanying consolidated financial statements reflect the activities of EUDA and each of the following entities:

Schedule of consolidated financial statement

| Name                                                          
 EUDA                                                          
 Health Limited (“EHL”)                                        | ● | Background                                                                       
 ●                                                                                
 Incorporated                                                                     
 on June 8, 2021                                                                  | A                              
 British Virgin Islands company |     | Ownership        
 100%             
 owned by EUDA    |
|:--------------------------------------------------------------|:--|:---------------------------------------------------------------------------------|:-------------------------------|:----|:-----------------|
|                                                               | ● | A                                                                                
 holding Company                                                                  |                                |     |                  |
| Kent                                                          
 Ridge Healthcare Singapore Pte. Ltd. (“KRHSG”) (1) (4)