Company: CCHH
Filing Date: 2025-08-27
Form Type: F-1
Source: 0001213900-25-081009
Chunk: 72

Company: CCH Holdings Ltd
Filing Date: 2025-08-27
Form: F-1
Chunk 72
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 for products sold to a local distributor, an increase of US$0.52million in amount due from related parties mainly due to the increased receivables for products and services provided to related parties, a decrease of US$0.36million in accrued liabilities and other current liabilities mainly due to the decreased accrued payroll and welfare, and a decrease of US$0.18million in amount due to related parties; partially offset by (iii) changes in working capital that positively affected the cash flow

51 from operating activities, primarily including an increase of US$0.25 million in accounts payable mainly due to the increased payables to suppliers benefiting from extension of credit term, and a decrease of US$0.12 million in other non -currentassets. Our net cash provided by operating activities was US$0.03 million for the year ended December 31, 2023, which was primarily attributable to a net income of US$0.37million, as adjusted for (i) certain non -cashitems, primarily including amortization of right -of -useassets of US$0.91 million, depreciation of property and equipment and amortization of software of US$0.33 million, provision for expected credit losses of US$0.06million, and deferred taxes of US$0.04million; and (ii) changes in working capital that positively affected the cash flow from operating activities, primarily including an increase of US$0.06 million in advances from customers, and an increase of US$0.06million in amounts due to related parties; partially offset by (iii) changes in working capital that negatively affected the cash flow from operating activities, primarily including a decrease of US$0.95 million in operating lease liabilities, a decrease of US$0.28million in accrued liabilities and other current liabilities mainly due to the decreased accrued payroll and welfare, an increase of US$0.24 million in amounts due from relate parties due to the increased receivables for products and services provided to related parties, an increase of US$0.19million in prepaid expenses and other current assets. Investing Activities Our net cash used in investing activities for the year ended December 31, 2024 was US$1.08 million primarily attributable to (i) interest -freeloans to related parties of US$1.38 million, (ii) interest -freeloans to third parties of US$0.25million, and (iii) purchase of property, equipment and software of US$0.