Company: CLIK
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003127
Chunk: 177

Company: Click Holdings Ltd.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 177
---
 six months ended June 30, 2024 and 2023, the Company recorded depreciation expense of $14,050 and $13,471, respectively. 6. BANK LOANS The Company’s bank loans are revolving loans denominated in HK$ from a bank in Hong Kong, and are due and renewable every three months. As of June 30, 2024 and December 31, 2023 (audited), bank loans were HK$3,500,000 (US$448,718) and HK$3,600,000 (US$461,538) respectively with interest from 5.47% to 6.11% (2023: 6.37% to 7.15%). The bank loans are secured by (i) a personal undertaking and guarantee by Ms. Leung (spouse of Mr. Chan, Chairman and CEO of the Company) and (ii) a security interest in a premise owned by Ms. Leung. 7. RIGHT-OF -USE ASSETS AND LEASE LIABILITIES Lease The Company determines if a contract is a lease at inception. The Company has a lease for office space and facilities. All leases are classified as operating leases.

F-13

CLICK HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 7. RIGHT-OF -USE ASSETS AND LEASE LIABILITIES (cont.) Supplemental balance sheet information for the Company’s operating lease as of June 30, 2024 and December 31, 2023 was as follows:

|                                       |     | 2024 |          |   |     | 2023      
 (Audited) |           |   |
|:--------------------------------------|:----|:-----|---------:|:--|:----|:----------|----------:|:--|
| Right-of-use assets                   |     | $    |  113,697 |   |     | $         |   170,545 |   |
| Short-term lease liabilities          |     |      |  114,842 |   |     |           |   110,544 |   |
| Long-term lease liabilities           |     |      |        — |   |     |           |    58,001 |   |
| Weighted-average remaining lease term |     |      | 1.0 year |   |     |           | 1.5 years