Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 44

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 44
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 investors and it may be difficult for us to raise additional capital as and when we need it. Investors may be unable to compare our
business with other companies in our industry if they believe that our reporting is not as transparent as the reporting of other companies
in our industry. Such differences may prevent us from raising additional capital in the public market as and when we need it.

We
will incur increased costs as a result of being a public company, particularly after we cease to qualify as an “emerging growth
company.”

Compliance
with these rules and regulations increases our legal and financial compliance costs and makes some corporate activities more time consuming
and costly. After we are no longer an “emerging growth company,” or until five years following the completion of our initial
public offering, whichever is earlier, we expect to incur significant expenses and devote substantial management effort toward ensuring
compliance with the requirements of Section 404 of Sarbanes-Oxley and the other rules and regulations of the SEC. For example, as a public
company, we will be required to increase the number of independent directors and adopt policies regarding internal controls and disclosure
controls and procedures. We will incur additional costs in obtaining director and officer liability insurance. In addition, we will incur
additional costs associated with our public company reporting requirements. It may also be more difficult for us to find qualified persons
to serve on our BOD or as executive officers. We are currently evaluating and monitoring developments with respect to these rules and
regulations, and we cannot predict or estimate with any degree of certainty the amount of additional costs we may incur or the timing
of such costs.

There
can be no assurance that we will not be a passive foreign investment company, or PFIC, for U. S. federal income tax purposes for any taxable
year, which could result in adverse U. S. federal income tax consequences to U. S. holders of our Ordinary Shares.

A
non-U. S. corporation will be a PFIC for any taxable year if either (1) at least 75% of its gross income for such year consists of certain
types of “passive” income; or (2) at least 50% of the value of its assets (based on an average of the quarterly values of
the assets) during such year is attributable to assets that produce passive income or are held for the production of passive income,
or the asset test. Based on our current and expected income and assets, we do not presently expect to be a