Company: CCHH
Filing Date: 2025-09-12
Form Type: F-1/A
Source: 0001213900-25-087080
Chunk: 9

Company: CCH Holdings Ltd
Filing Date: 2025-09-12
Form: F-1/A
Chunk 9
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 a result, our operating results and financial statements may not be comparable to the operating results and financial statements of other companies who have adopted the new or revised accounting standards. We will remain an emerging growth company until the earliest of (i) the last day of the fiscal year during which we have total annual gross revenues of at least US$1.235 billion; (ii) the last day of our fiscal year following the fifth anniversary of the completion of this offering; (iii) the date on which we have, during the preceding three -yearperiod, issued more than US$1.0 billion in non -convertibledebt; or (iv) the date on which we are deemed to be a “large accelerated filer” under the Exchange Act, which would occur if the market value of our ordinary shares that are held by non -affiliatesexceeds US$700 million as of the last business day of our most recently completed second fiscal quarter. Once we cease to be an emerging growth company, we will not be entitled to the exemptions provided in the JOBS Act discussed above. Implications of Being a Controlled Company Mr. Goh Kok Foong, our founder, chairman of board of directors and chief executive officer, currently beneficially owns 54% of our total issued and outstanding ordinary shares and total voting power. Upon the completion of this offering, Mr.Goh Kok Foong will beneficially own 50.49% of our total issued and outstanding ordinary shares and total voting power, assuming that the underwriters do not exercise their over -allotmentoption, or 50.01% of our total issued and outstanding ordinary shares and total voting power, assuming that the over -allotmentoption is exercised in full. As a result, we will be a “controlled company” as defined under the Nasdaq Listing Rules because Mr. Goh Kok Foong will hold more than 50% of the voting power for the election of directors. As a “controlled company,” we are permitted to elect not to comply with certain corporate governance requirements. If we rely on these exemptions, including an exemption from the requirement that a majority of our board of directors must be independent directors, you will not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. See “ Risk Factors — Risks Related to Our Initial Public Offering and Ownership of Our Ordinary Shares — We are a ‘controlled company’ within the meaning of the Nasdaq Listing Rules and, as a result, will rely on exemptions