Company: CCHH
Filing Date: 2025-08-07
Form Type: DRS/A
Source: 0001213900-25-072802
Chunk: 20

Company: CCH Holdings Ltd
Filing Date: 2025-08-07
Form: DRS/A
Chunk 20
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 instrument as of the date of initial recognition and consider reasonable and supportive forward -lookinginformation. Accounts receivable that are ultimately deemed to be uncollectible, and for which collection efforts have been exhausted, are written off against the provision for credit losses. As of December 31, 2023 and 2024, the provision of allowance for expected credit losses of our accounts receivable was US$52,430 and US$138,326, respectively. We believe that this amount would not materially affect 15 our operations and from past experience, credit risk from credit card networks, food delivery platforms and payment platforms are relatively low. However, we cannot assure you that we will be able to collect our accounts receivable in full, or at all, in the future, despite our efforts to conduct credit assessment on them. We have engaged in transactions with related parties, and such transactions present possible conflicts of interest that could adversely affect our business and results of operations. We have entered into a number of transactions with related parties, including with entities controlled by Mr. Goh Kok E, our chief operating officer and a director nominee of our Company, and entities controlled by Mr.G oh KokE and Mr. Goh KokFoong, our chairman of board of directors and chief executive officer. These transaction are mainly consisted of sales of food ingredients and condiments to and franchise income from related parties who are our licensees. See “ Related Party Transaction — Other Related Party Transactions” for details. For the years ended December31, 2023 and 2024, our revenues generated from entities controlled by Mr.Goh Kok E were US$909,739 and US$879,196, which consisted of 9.3% and 9.9% of our total revenues for each of the two years, respectively. For the years ended December31, 2023 and 2024, our revenues generated from entities controlled by Mr.Goh Kok E and Mr.Goh Kok Foong were US$11,727 and US$66,522, which consisted of 0.1% and 0.7% of our total revenues for each of the two years, respectively. We may in the future enter into additional transactions with entities controlled by Mr.Goh Kok E and/or Mr.Goh Kok Foong. Transactions with these related parties may present potential conflicts of interest, as the interests of these entities and their shareholders may not align with the interests of us and our minority shareholders with respect to the negotiation of, and certain other matters related to