Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 117

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 117
---

On
May 6, 2024, the Company entered into a share purchase agreement (“ Share Purchase Agreement”) with certain persons named
therein (the “ Share Purchase Agreement”) for the acquisition of all outstanding shares of Fortress Cove Limited (“ Fortress
Cove”), 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 and services
in Malaysia. Pursuant to the Share Purchase Agreement, EUDA has agreed to acquire the entire issued capital of Fortress Cove for an aggregate
consideration of 10,000,000 15.0 An additional one million ordinary
shares will be issued to the persons named in the Share Purchase Agreement if certain financial performance milestones based on CK Health’s
net income for the fiscal years 2024 and 2025 are met.

On
July 1, 2024, Meng Dong Tan, Guohui Zhang, Xin Zhang, Yew Phang Chong, and Yew Yen Chong (the “ Surrendering Shareholders”)
entered into a share surrender deed with the Company. Under this agreement, the Company determined that the number of Consideration Shares
that should have been issued to the Surrendering Shareholders was 8,571,428 1.75 1,428,572

EUDA
HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

The
accompanying consolidated financial statements reflect the activities of EUDA and each of the following entities:

Schedule
of consolidated financial statement

  Name                                                                                                                                                      Ownership         
  EUDA                                                                A                                                                                     100%              
  Health Limited (“ EHL”)                                             British Virgin Islands company                                                        owned by EUDA     
                                                                      Incorporated                                                                                            
                                                                      on June 8, 2021                                                                                         
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                      A                                                                                                       
  Kent                                                                A                                                                                     100%              
                                                                      Incorporated                                                                                            
                                                                      Multi-care                                                                                              
  EUDA                                                                A                                                                                     100%              
                                                                      Incorporated                                                                                            
                                                                      A                                                                                                       
  Zukitek                                                             A                                                                                     100%              
                                                                      Incorporated                                                                                            
                                                                      A                                                                                                       

  Singapore                                                           A                                                                                                                                            100%           
  Emergency