Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 58

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 6
Chunk 58
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 then Chief Executive Officer and Executive Director, Mr. Steve Sobak, our then Chief Financial
Officer, and Mr. Alfred Lim, our Executive Director, an aggregate of approximately US$376,587 in ordinary shares at $1.275 per share
pursuant to certain settlement agreements between the Company and each of these individuals dated March 15, 2024. None of our
executive officers or Executive Director received any bonus or other compensation for the fiscal years 2024 and 2023.

None
of our independent directors received any compensation from the Company for fiscal years 2024 and 2023. The full-time employees of the
Company are entitled to the government mandated defined contribution plan. The Company is required to accrue and pay for these benefits
based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant
government regulations, and make cash contributions to the government mandated defined contribution plan. Total expenses for the plans
were $351,517 and $316,971 for the years ended December 31, 2024 and 2023, respectively.

  Board      

Board
of Directors

Our board of directors consists of four directors, consisting of three
independent directors and one executive director. A director is not required to hold any shares in our company to qualify to serve as
a director. A director may vote with respect to any contract, proposed contract or arrangement in which he is interested, and if he does
so his vote shall be counted and he may be counted in the quorum at any meeting of our directors at which any such contract or proposed
contract or arrangement is considered, and (a) such director shall, immediately after becoming aware of the fact that he is interested
in a transaction entered into or to be entered into by the Company, disclose such interest to the board of directors, and (b) if such
contract or arrangement is a transaction with a related party, such transaction has been approved by the audit committee. The directors
may exercise all the powers of the company to borrow money, to mortgage or charge its undertaking and property, and to issue debentures
or other securities whenever money is borrowed or as security for any debt, liability or obligation of the company or of any third party.
None of our non-executive directors has a service contract with us that provides for benefits upon termination of service.

Nasdaq
requires that a majority of our board must be composed of “independent directors.” Currently, Eric