Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 123

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 19
Chunk 123
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  Cash and cash equivalents                               3,486,325  
  Accounts receivable, net                                8,244,364  
  Prepayments and other current assets                      239,901  
  Property and equipment, net                                 2,222  
  Intangible assets                                      31,250,000  
  Accounts payable                                      ( 3,253,143  
  Accrued expenses and other current liabilities        ( 7,351,141  
  Income tax payable                                        ( 4,650  
  Deferred tax liabilities                              ( 5,156,250  
  Total assets acquired and liabilities recognized       27,457,628  

The accounts receivables acquired with
a fair value of HKD 8,244,364 8,244,364 No

  Consideration transferred                                          
  - Cash                                                 72,950,000  
  - Shares, by issuing 2,980,000 ordinary shares          5,973,708  
  Total                                                  78,923,708  
  Non-controlling interest                               19,730,927  
  Less: recognized amounts of net assets acquired      ( 27,457,628  
  contingent                                            ( 1,680,000  
  Goodwill                                               69,517,007  
  Goodwill                                                8,912,437  

Acquisition-related
costs amounting to HKD 160,000 20,513

The
non-controlling interest represents 20

SCHEDULE
OF CASH OUTFLOW ON ACQUISITION

                                       HKD                   
  Net cash outflow on acquisition                            
  - Cash consideration paid                      72,950,000  
  - Less: cash and cash                         ( 3,486,325  
  Total                                          69,463,675  

Included
in the net loss for the year is net income of HKD126,702(US$16,244) attributable to the additional business generated by Top Spin. Revenue
for the year includes HKD8,185,119(US$1,049,374) generated from Top Spin.

Had the
acquisition of Top Spin been completed on July 1, 2024, revenue for the year of the Company would have been HKD127,903,458(US$16,397,879),
and net loss for the year of the Company would have been HKD9,449,688(US$1,211,498). The pro forma information is for illustr