Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 2

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 2
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 and depends on a number of factors out of our, and our auditor’s, control.
The PCAOB is continuing to demand complete access in mainland China and Hong Kong moving forward and is already making plans to resume
regular inspections in early 2023 and beyond, as well as to continue pursuing ongoing investigations and initiate new investigations
as needed. The PCAOB has indicated that it will act immediately to consider the need to issue new determinations with the HFCA Act if
needed.

On
December 23, 2022 the AHFCA Act was enacted, which amended the HFCA Act by requiring the SEC to prohibit an issuer’s securities
from trading on any U. S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years instead of three.
As a result, the time period before the Company’s securities may be prohibited from trading or delisted has been decreased accordingly.

On
December 29, 2022, the “ Consolidated Appropriations Act was signed into law, which contained, among other things, an identical
provision to the AHFCA Act and amended the HFCA Act by requiring the SEC to prohibit an issuer’s securities from trading on any
U. S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years instead of three years.

Our
auditor, SFAI Malaysia PLT, is an independent registered public accounting firm that issues the audit report included elsewhere in this
Annual Report. As an auditor of companies traded publicly in the U. S. and a firm registered with the PCAOB, it is subject to laws in
the U. S. pursuant to which the PCAOB conducts regular inspections to assess its compliance with the applicable professional standards.
Our auditor is currently subject to PCAOB inspections and PCAOB is able to inspect our auditor in relation to our U. S. listing. However,
there is no assurance that future audit reports will be prepared by auditors able to be inspected by the PCAOB and therefore, in the
future, you may be deprived of the benefits of such inspection. As such, trading in our securities may be prohibited under the HFCA Act
if the PCAOB determines that it cannot inspect or investigate completely our auditor, and as a result our securities may be delisted.
However, should PRC authorities obstruct or otherwise fail to facilitate the PCAOB’s access in the future which would prevent the
PCAOB from continuing to inspect or investigate completely accounting firms headquartered in mainland China or Hong Kong