Company: CLIK
Filing Date: 2025-03-19
Form Type: F-1
Source: 0001213900-25-025112
Chunk: 99

Company: Click Holdings Ltd.
Filing Date: 2025-03-19
Form: F-1
Chunk 99
---
 on a regular basis by the manager. 61 INDUSTRY Overview of Hong Kong manpower Hong Kong, as one of the economic hubs in the Asia, needs a flexible and adaptive workforce for its continued development and in order to maintain competitiveness in the area. Like most advanced economies, Hong Kong is facing challenges stemming from its rapidly aging population, which has resulted in an increasingly tight labor market, prolonged average working life and intensified talent competition at the international level. Hong Kong’s labor market has remained constrained over the last decade, evident in its low unemployment rate and high level of job vacancies. According to the Report on Manpower Projection to 2027 (the “ Projection Report”; see www.lwb.gov.hk / en / other_info / mp2027_en.pdf) published by the Labour and Welfare Bureau of Hong Kong in December 2019, the latest available projection report issued by the Hong Kong government, the unemployment rate consistently hovered at low levels between 3.3% and 3.4% from 2011 to 2016, decreasing further to 3.1% in 2017. Concurrently, job vacancies experienced significant growth from 2011 to 2017, with the vacancy rate surpassing 2.0% since 2011. The Projection Report forecasts a modest increase in Hong Kong’s manpower supply with an average annual rate of 0.2% from 2017 to 2022, followed by a projected decline at an average annual rate of 0.6% from 2022 to 2027, representing an average annual decreasing rate of 0.2% from 2017 to 2027. The downward trend for this 10 -yearperiod is attributed to population aging and low fertility rates. Despite this, the total manpower requirements (excluding foreign domestic helpers) of Hong Kong are projected to increase by 127,000 from 3.61 million in 2017 to 3.74 million in 2027, representing an average annual growth rate of 0.3% over the projection period. According to the latest labor force statistics (i.e., provisional figures for November 2023 to January 2024) released by the Census and Statistics Department of Hong Kong ( www.censtatd.gov.hk / en /), the seasonally adjusted unemployment rate remained stable at a low level of 2.9% from November 2023 to January 2024, mirroring the rate recorded from October to December 2023. Therefore, the