Company: EUDAW
Filing Date: 2025-09-24
Form Type: 20-F/A
Source: 0001493152-25-014808
Chunk: 74

Company: EUDA Health Holdings Ltd
Filing Date: 2025-09-24
Form: 20-F/A
Chunk 74
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 not deemed to be material to the consolidated financial statements.

On May 12, 2023, there were disagreements between the directors and formers directors of the Company concerning, among others, the legitimacy of:

| a) | The                                                                                                                 
 purported appointment of David Capes (“Mr. Capes”) as the Chairman of the Board of in place of Gerald Lim;          |
| b) | The                                                                                                                 
 purported appointment of Leonard Chee Hyong Chia (“Leonard”) to the Board as a replacement director;                |
| c) | The                                                                                                                 
 purported removal of certain individuals as director(s) of the Company by Mr. Capes and Leonard;                    |
| d) | The                                                                                                                 
 removal of Mr. Capes as a director of the Company and from all Board committees on which he served on May 11, 2023; |
| e) | The                                                                                                                 
 dispute by Mr. Capes regarding his removal as a director of the Company;                                            |
| f) | The                                                                                                                 
 validity of the purported shareholders’ resolutions of the Company dated May 12, 2023 (the “Resolutions”); and      |
| g) | The                                                                                                                 
 various other issues raised by the Board from time to time.                                                         |

Upon consultation with the Company’s external counsel, the Board determined that the Resolutions were prima facieinvalid and of no effect from the outset, and could be subject to legal challenges. The Board notes that Mr. Capes and his associates have not furnished any proof sustaining their allegation that the Resolutions were validly passed. The Board notes that Mr. Capes and his associates have not obtained any valid court order on the validity of the Resolutions. As of the date of this report, the Company does not expect the legal challenges among the disagreements between the directors and formers directors of the Company will have a material adverse effect on the business, financial condition or results of operations of the Company.

KRHSG also filed a claim against Mr. Capes and one other defendant as a separate case in July 2023 in connection with unlawfully obstructed access to KRHSG’s client and clinic management systems, disrupting their business and resulting in losses to KRHSG in May 2023. On December 30, 2024, the Company sold 100% equity interest of KRHSG to a third party and therefore KRHSG is no longer an affiliate of the Company as of December 31, 2024.

On