Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 8

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 8
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 and May 2023, four former independent directors left EUDA’s Board. Although highly qualified director
nominees were subsequently identified and appointed to fill the vacancies, there is no guarantee that EUDA can continue to retain its
current directors. As competition for qualified individuals in the industry could intensify, EUDA may incur significant time and costs
to attract and replace key personnel, including Board members.

In
addition, EUDA’s loss of any senior management or other key employees on EUDA’s inability to recruit and develop mid-level
managers could materially and adversely affect the Company’s ability to execute its business plan and find adequate replacements.
All of EUDA’s employees are at-will employees, meaning that they may terminate their employment relationship at any time, and their
knowledge of EUDA’s business and industry would be extremely difficult to replace. If EUDA fails to retain talented senior management
and other key personnel, or if the Company does not succeed in attracting well-qualified employees or retaining and motivating existing
employees, its business, financial condition and results of operations may be materially adversely affected. There can be no assurance
that any management team member will remain with EUDA. Any loss of the services of key members of the management team could have a material
adverse effect on EUDA’s business and operations.

   6  

If
one or more of EUDA’s key personnel are unable to discharge their duties properly, or in the best interest of EUDA, that may impact
EUDA’s business, operations and financial performance adversely.

As
previously disclosed, EUDA’s Board voted in favor to remove two former directors from the Board because the Board believed that
the conduct of these two former directors were disruptive to the Company’s operations. Similarly, if for any reason, one or more
of EUDA’s employees are unable to discharge their duties properly or in the best interest of the Company, that may have an adverse
impact on EUDA’s reputation, brand and attractiveness to bring in talent. EUDA may as result incur some costs or losses and there
is potential that the Company will lose revenue or future revenue potential. Although it is EUDA’s endeavor to ensure that all
of the Company’s employees work to their full potential and in a harmonious manner within the Company’s organization, there
are always risks associated with one or more employees not discharging their duties properly and going unnoticed for a period of time,
impacting EUDA adversely. Such acts by certain employees may cause employees