Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 22

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 4
Chunk 22
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ITEM
4. INFORMATION ON THE COMPANY

Founded in 2019 and headquartered in Singapore, EUDA is committed to redefining
the delivery of non-invasive healthcare across Southeast Asia and China. The Company targets the rapidly expanding non-invasive healthcare
market, aiming to address the region’s evolving healthcare needs through innovative, technology-driven solutions. EUDA Health’s
strategy is anchored in wellness services (including the bioenergy cabins therapies and the stem cell therapies
which have recently become available to EUDA for direct sales), designed to deliver accessible, holistic, and transformative care.

In
January 2020, EUDA acquired 100% of the equity interests in Super Gateway Group Limited (“ SGGL”), a property management service
company that services shopping malls, business office building, or residential apartments. EUDA aimed to build an Omni-channel health
care and products platform in economies of scale and cross-sell opportunities and allows our management services section to expand into
new and different verticals of management services in the medical field.

Streamlining of Medical Services - 
September 2023

In
September 2023, the Company decided to streamline its medical service operations by closing down clinics to reduce overhead costs
and further loss from operations as the demand in our services were much lower in the post Covid-19 era. This decision to streamline
certain medical-related business unit represented a strategic shift that had a major effect on the Company’s medical services
financial results, and qualifies as discontinued operations under ASC205-20. See “ Note 5 - Discontinued
Operations” of consolidated financial statements for the fiscal years ended December 31, 2024, 2023 and 2022 for
details. As a result, the Company’s current primary operations remained with its property management services.
However, management is actively seeking new investments and businesses to acquire or develop other healthcare services.

Acquisition
of CK Health - May 2024

On
May 6, 2024, the Company entered into a Share Purchase Agreement with certain persons named therein (the “ Share Purchase Agreement”)
for the acquisition of all outstanding shares of Fortress Cove Limited, a British Virgin Islands company which is the sole legal and
beneficial owner of the entire share capital of CK Health Plus Sdn Bhd, a Malaysian company (“ CK Health”) in the direct sale
business of holistic wellness consumer products in Malaysia. Pursuant to the Share Purchase Agreement, we have agreed to acquire the
entire issued capital of CK Health for an aggregate