Company: EUDAW
Filing Date: 2025-09-24
Form Type: 20-F/A
Source: 0001493152-25-014808
Chunk: 44

Company: EUDA Health Holdings Ltd
Filing Date: 2025-09-24
Form: 20-F/A
Chunk 44
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 31, 2025 is at least USD 5.0million. The acquisition has been closed on May 8, 2024 (“Acquisition Date”). Meng Dong (James) Tan, a significant shareholder of EUDA, who holds more than 25% of the currently issued and outstanding ordinary shares of the EUDA, is also a 40% shareholder of Fortress Cove before the Acquisition Date.

EUDA accounted for the acquisition of Fortress Cove as the purchase of an asset under generally accepted accounting principles in the U.S. (U.S. GAAP). Under this method of accounting, the assets of Fortress Cove will be recorded as of the Acquisition Date at their fair values and consolidated with EUDA. The fair value estimates include, but are not limited to, future expected cash flows, revenue and expense projections and discount rates.

| F-27 |

EUDA HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(In U.S. dollars, unless stated otherwise)

The following table summarizes the consideration transferred:

Schedule of consideration transferred

|                                                          |     | Acquisition Date |            |
|:---------------------------------------------------------|:----|:-----------------|-----------:|
| Fair value of equity transferred in Acquisition Date (1) |     | $                | 15,000,000 |
| Fair value of contingent consideration (2)               |     |                  |          - |
| Total consideration transferred                          |     | $                | 15,000,000 |

| (1) | The                                                                                                                                   
 fair value of the consideration transferred as of the acquisition date is $15,000,000 (Based on 8,571,428 new EUDA shares issues      
 at $1.75 based on the closing market price of EUDA on May 7, 2024 EST/May 8 SGT).                                                     |
| (2) | There                                                                                                                                 
 is a contingent consideration where up to 1,000,000 new EUDA shares will be issued to the shareholders of Fortress Cove if net income 
 of CKHP is at least $2,000,000 for Fiscal Year 2024 and $5,000,000 for Fiscal Year 2025 (“Milestones”). The contingent                
 consideration will be issued as soon as practicable after both Milestones are achieved. Based on the financial forecast of CKHP,      
 CKHP forecasted the probability of achieving the Milestones is very unlikely in Fiscal Year 2024 and Fiscal Year 2025.