Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 15

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 15
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 system collapses and Hong Kong dollars suffer devaluation, the Hong Kong dollar cost of our expenditures denominated in foreign
currency may increase. This would in turn adversely affect the operations and profitability of our business.

The
enforcement of laws and rules and regulations in China can change quickly with little advance notice. Additionally, the PRC laws and
regulations and the enforcement of such that apply or are to be applied to Hong Kong can change quickly with little or no advance notice.
As a result, the Hong Kong legal system embodies uncertainties that could limit the availability of legal protections, which could result
in a material change in our operations and/or the value of our Ordinary Shares.

Hong
Kong is a special administrative region of the PRC. Following British colonial rule from 1842 to1997, China assumed sovereignty under
the “one country, two systems” principle. The Hong Kong special administrative region’s constitutional document, the
Basic Law, ensures that the current political situation will remain in effect for 50 years. The laws previously in force in Hong Kong,
that is, the common law, rules of equity, ordinances, subordinate legislation and customary law are maintained. Hong Kong has enjoyed
the freedom to function with a high degree of autonomy for its affairs, including currencies, immigration and customs operations, and
its independent judiciary system and parliamentary system. Hong Kong is responsible for its own domestic affairs including, but not limited
to, the judiciary and courts of last resort, immigration and customs, public finance, currencies and extradition.

Hong
Kong continues using the English common law system. On July 14, 2020, the U. S. signed an executive order to end the special status enjoyed
by Hong Kong post-1997. In addition, if the PRC attempts to alter its agreement to allow Hong Kong to function autonomously, it could
potentially impact Hong Kong’s common law legal system and may, in turn, bring about uncertainty in, for example, the enforcement
of our contractual rights. This could, in turn, materially and adversely affect our business and operations. Additionally, intellectual
property rights and confidentiality protections in Hong Kong may not be as effective as in the U. S. or other countries. Accordingly,
we cannot predict the effect of future developments in the Hong Kong legal system, including the promulgation of new laws, changes to
existing laws or the interpretation or enforcement thereof, or the pre-emption of local regulations by national laws. These uncertainties
could limit the legal protections