Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 90

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 90
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 our subsidiaries.

As
an alternative to the foregoing rules, a U. S. Holder of “marketable stock” in a PFIC may make a mark-to-market election with
respect to such stock, provided that such stock is “regularly traded” within the meaning of applicable U. S. Treasury regulations.
If our Class A Ordinary Shares qualify as being regularly traded, and an election is made, the U. S. Holder will generally (i) include
as ordinary income for each taxable year that we are a PFIC the excess, if any, of the fair market value of Class A Ordinary Shares held
at the end of the taxable year over the adjusted tax basis of such Class A Ordinary Shares and (ii) deduct as an ordinary loss the excess,
if any, of the adjusted tax basis of the Class A Ordinary Shares over the fair market value of such Class A Ordinary Shares held at the
end of the taxable year, but such deduction will only be allowed to the extent of the amount previously included in income as a result
of the mark-to-market election. The U. S. Holder’s adjusted tax basis in the Class A Ordinary Shares would be adjusted to reflect
any income or loss resulting from the mark-to-market election. If a U. S. Holder makes a mark-to-market election in respect of a corporation
classified as a PFIC and such corporation ceases to be classified as a PFIC, the U. S. Holder will not be required to take into account
the gain or loss described above during any period that such corporation is not classified as a PFIC. If a U. S. Holder makes a mark-to-market
election, any gain such U. S. Holder recognizes upon the sale or other disposition of our Class A Ordinary Shares in a year when we are
a PFIC will be treated as ordinary income and any loss will be treated as ordinary loss, but such loss will only be treated as ordinary
loss to the extent of the net amount previously included in income as a result of the mark-to-market election.

Because
a mark-to-market election cannot be made for any lower-tier PFICs that we may own, a U. S. Holder may continue to be subject to the PFIC
rules with respect to such U. S. Holder’s indirect interest in any investments held by us that are treated as an equity interest
in a PFIC for U. S. federal income tax purposes.

Furthermore,
as an alternative to the foregoing rules, a U. S