Company: CCHH
Filing Date: 2025-06-26
Form Type: DRS
Source: 0001213900-25-058036
Chunk: 40

Company: CCH Holdings Ltd
Filing Date: 2025-06-26
Form: DRS
Chunk 40
---
 prevent or cause a change of control or other transactions. Upon the completion of this offering, Mr.Goh Kok Foong, our founder, chairman of board of directors and chief executive officer, will beneficially own [ ]% of our total issued and outstanding ordinary shares, representing [ ]% of the total voting power[, assuming that the underwriters do not exercise their over -allotmentoption, or [ ]% of our total issued and outstanding ordinary shares, representing [ ]% of the total voting power, assuming that the over -allotmentoption is exercised in full], and therefore [ ] would be a controlling shareholder of our Company (our “Controlling Shareholder”). Accordingly, our Controlling Shareholder could control the outcome of any corporate transaction or other matter submitted to the shareholders for approval, including mergers, consolidations, the election of directors and other significant corporate actions, including the power to prevent or cause a change in control. Without the consent of our Controlling Shareholder, we may be prevented from entering into transactions that could be beneficial to us or our minority shareholders. In addition, our directors and officers could violate their fiduciary duties by diverting business opportunities from us to themselves or others. The interests of our Controlling Shareholder may differ from the interests of our other shareholders. The concentration in the ownership of our shares may cause a material decline in the value of our ordinary shares. For more information regarding our principal shareholders and their affiliated entities, see “ Principal Shareholders.” We are a “controlled company” within the meaning of the Nasdaq Listing Rules and, as a result, will rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies. Upon the completion of this offering, we will be a “controlled company” as defined under the Nasdaq Listing Rules. For so long as we remain a controlled company under that definition, we are permitted to elect to rely, and may choose to rely, on certain exemptions from the corporate governance requirements in the Nasdaq Listing Rules, including an exemption from the rule that a majority of our board of directors must be independent directors. As a result, you will not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. Even if we cease to be a controlled company, we may still rely on exemptions available to foreign private issuers, including being able to adopt home country practices in relation to corporate governance matters. See “— As a n exempted company with limited liability incorporated in the Cayman Islands, we are