Company: CLIK
Filing Date: 2025-03-19
Form Type: F-1
Source: 0001213900-25-025112
Chunk: 121

Company: Click Holdings Ltd.
Filing Date: 2025-03-19
Form: F-1
Chunk 121
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 to emerging growth companies to disclose the compensation of our executive officers on an individual, rather than an aggregate basis. For the years ended December 31, 2022 and 2023, we paid an aggregate compensation of $347,000 and $456,000, respectively, in cash (including salaries, bonus and mandatory provident fund contributions) to our executive officers. Mr. Chan, our Chairman and Chief Executive Officer, presently serves as our sole director, although we intend to appoint three independent directors in advance of listing. Our Hong Kong subsidiaries are required by law to make contributions equal to certain percentages of each employee’s salary for his or her mandatory provident fund. We have also not made any agreements with our directors or executive officers to provide benefits upon termination of employment. Corporate Governance Practices Foreign Private Issuer We qualify as a “foreign private issuer” under the SEC rules and Nasdaq Capital Market Company Guide. As a foreign private issuer, we are exempt from the rules under the Exchange Act related to the furnishing and content of proxy statements, and our officers, directors and principal shareholders will be exempt from the reporting and short -swingprofit recovery provisions contained in Section 16 of the Exchange Act. Also, we are not required to comply with Regulation FD, which restricts the selective disclosure of material information. However, we will file with the SEC, within 120 days after the end of each fiscal year, or such applicable time as required by the SEC, an annual report on Form 20 -Fcontaining financial statements audited by an independent registered public accounting firm, and we will submit to the SEC from time to time, on Form 6 -K, reports of information that would likely be material to an investment decision in our Shares. 78 As a “foreign private issuer,” as defined by the SEC, we are permitted to follow home country corporate governance practices, instead of certain corporate governance standards required by the Nasdaq Capital Market for U.S. companies. The exemptions are subject to our disclosure of which requirements we are not following and the equivalent British Virgin Islands requirements. Below are some of the exemptions afforded to foreign private issuers under the corporate governance requirements of the Nasdaq Capital Market: •Exemption from the requirement that we disclose within four business days of any determination to grant a waiver of the code of business conduct and ethics to directors and officers. •Exemption from the requirement that our BOD be composed of independent directors. •Exemption from the requirement that our audit committee have a minimum of three members. •Ex