Company: CCHH
Filing Date: 2025-08-07
Form Type: DRS/A
Source: 0001213900-25-072802
Chunk: 47

Company: CCH Holdings Ltd
Filing Date: 2025-08-07
Form: DRS/A
Chunk 47
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 they would enjoy if we complied fully with the corporate governance requirements in the Nasdaq Listing Rules. As a foreign private issuer that has applied to list our ordinary shares on Nasdaq, we rely on provisions in the corporate governance requirements in the Nasdaq Listing Rules that allow us to follow Cayman Islands law with regard to certain aspects of corporate governance. This allows us to follow certain corporate governance practices that differ in significant respects from the corporate governance requirements applicable to U.S. companies listed on Nasdaq. For example, we are exempt from the Nasdaq Listing Rules that require a listed U.S. company to: •have a majority of the board of directors consist of independent directors; •require non -managementdirectors to meet on a regular basis without management present; •have an independent compensation committee; •have an independent nomination committee; and •seek shareholder approval for the implementation of certain equity compensation plans and issuances of ordinary shares. As a foreign private issuer, we are permitted to follow home country practice in lieu of the above requirements. Our audit committee is required to comply with the provisions of Rule 10A -3of the Exchange Act, which is applicable to U.S. companies listed on Nasdaq. However, because we are a foreign private issuer, our audit committee is not subject to additional corporate governance requirements in the Nasdaq Listing Rules applicable to listed U.S. companies, including using more stringent criteria than those applicable to us as a foreign private issuer. 30 We are a foreign private issuer within the meaning of the rules under the Exchange Act, and as such we are exempt from certain provisions applicable to United States domestic public companies. We are a foreign private issuer and, as a result, we are not subject to the same requirements as U.S. domestic issuers. Under the Exchange Act, we will be subject to reporting obligations that, to some extent, are more lenient and less frequent than those of U.S. domestic reporting companies. For example, we are exempt from certain provisions of the securities rules and regulations in the United States that are applicable to U.S. domestic issuers, including: •the rules under the Exchange Act requiring the filing of quarterly reports on Form 10 -Qor current reports on Form 8 -Kwith the SEC; •the sections of the Exchange Act regulating the solicitation of proxies, consents, or authorizations in respect of a security registered under the Exchange Act; •the sections of the Exchange Act requiring insiders to file public reports of their share ownership and trading activities and liability for insiders who