Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 105

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 16G
Chunk 105
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ITEM
16G. CORPORATE GOVERNANCE

As
a BVI company listed on the Nasdaq Capital Market, we are subject to the Nasdaq corporate governance listing standards. The Nasdaq rules
permit a foreign private issuer like us to follow the corporate governance practices of its home country. Certain corporate governance
practices in the BVI, which is our home country, may differ significantly from the Nasdaq corporate governance listing standards. We
currently follow and intend to continue to follow BVI corporate under the BCA applicable to us at the same time if we rely on our home
country corporate governance practices in lieu of certain of the rules of Nasdaq Capital Market. We may in the future decide to use the
foreign private issuer exemption with respect to some or all of the other Nasdaq Capital Market corporate governance rules. We may utilize
these exemptions for as long as we continue to qualify as a foreign private issuer. To the extent we choose to follow home country practice
in the future, our shareholders may be afforded less protection than they otherwise would under the Nasdaq corporate governance listing
standards applicable to U. S. domestic issuers. See “ Item 3. Key Information - D. Risk Factors - Risks Related to Our
Class A Ordinary Shares”.

Other than
as described in this section, our corporate governance practices do not differ from those followed by domestic companies listed on the
Nasdaq Capital Market. Nasdaq Stock Market listing rule 5635 generally provides that shareholder approval is required for U. S. domestic
companies listed on the Nasdaq Capital Market prior to issuance (or potential issuance) of securities (i) equaling 20% or more of the
company’s common stock or voting power for less than the greater of market or book value; (ii) resulting in a change of control
of the company; and (iii) which is being issued pursuant to a stock option or purchase plan to be established or materially amended or
other equity compensation arrangement made or materially amended. Notwithstanding this general requirement, Nasdaq Stock Market listing
rule 5615(a)(3)(A) permits foreign private issuers to follow their home country practice rather than these shareholder approval requirements.
The BVI do not require shareholder approval prior to any of the foregoing types of issuances. Our Company, therefore, is not required
to obtain such shareholder approval prior to entering into a transaction with the potential to issue securities as described above. Our
BOD has elected to follow our home country rules as