Company: CCHH
Filing Date: 2025-06-26
Form Type: DRS
Source: 0001213900-25-058036
Chunk: 164

Company: CCH Holdings Ltd
Filing Date: 2025-06-26
Form: DRS
Chunk 164
---
 that excess. In consideration of the growing catering industry in Southeast Asia, the stable macroeconomic conditions in Malaysia, the Group’s improving profitability performance, and the Group’s future development plans, the Group determined that it is not likely that the brand name of “Zi Wei Yuan” was impaired as of December 31, 2023 and 2024, respectively. As such, no impairment of indefinite -livedintangible assets was recognized for the years ended December 31, 2023 and 2024. (k)Impairment of long-lived assets Long -livedassets deployed at company -ownedrestaurants include (i) property and equipment, (ii) operating lease right -of -useasset, net of the related operating lease liabilities, (iii) finance lease right -of -useasset, net of the related finance lease liabilities, and (iv) intangible assets with finite lives. The Group reviews its long -livedassets for impairment periodically whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. If circumstances require a long -livedasset or asset group to be tested for possible impairment, an evaluation for impairment is performed at the lowest level of identifiable cash flows that are expected to generate from the use of the assets and their eventual disposition, which is at the individual restaurant level. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Group would recognize an impairment loss, which is the excess of carrying amount over the fair value of the assets, which is determined through various valuation techniques including discounted cash flow models, quoted market values and third -partyindependent appraisals, as considered necessary. For the years ended December 31, 2023 and 2024, no impairment of long -livedassets was recognized. (l) Long-term investments Long -terminvestments are the Group’s equity investments in privately held companies accounted for equity method. F-11 CCH HOLDINGS LTD
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2024 (In U.S. Dollar, except for share data) 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) Equity method investments Equity investments are comprised of investments in privately held companies. The Group uses the equity method to account for an equity investment over which it has the ability to exert significant influence but does not otherwise have control