Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 14

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 14
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Ordinary Shares to investors and cause the value of our Ordinary Shares to significantly decline or be worthless.

Recent
statements, laws and regulations by the Chinese government, including the Measures for Cybersecurity Review (2021), the PRC Personal
Information Protection Law and the Draft Overseas Listing Regulations, have indicated an intent to exert more oversight and control over
securities offerings that are conducted overseas and/or foreign investments in China-based issuers. It is uncertain whether the Chinese
government will adopt additional requirements or extend the existing requirements to apply to Click Services. Any future action by the
PRC government expanding the categories of industries and companies whose foreign securities offerings are subject to review by the CSRC
could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the
value of such securities to significantly decline or be worthless. Further, if we were to become subject to PRC laws and/or authorities
we could incur material costs to ensure compliance and experience devaluation of our Ordinary Shares or our Ordinary Shares may be prohibited
from trading or may be delisted.

   8  

Fluctuations
in exchange rates could have a material adverse effect on our results of operations and the price of our Class A Ordinary Shares.

Our
business is conducted in Hong Kong through our operating subsidiaries, namely JFY Corporate, Click Services and Care U. Our books and
records are reported in Hong Kong dollars, which is the currency of Hong Kong. However, the financial statements that we file with the
SEC and provide to our shareholders are presented in U. S. dollars.

Since
1983, Hong Kong dollars have been pegged to the U. S. dollars at the rate of approximately HK$7.80 to US$1.00. Changes in the exchange
rate between the Hong Kong dollar and U. S. dollar affect the value of our assets and the results of our operations in U. S. dollars. The
value of the Hong Kong dollar against the U. S. dollar and other currencies may fluctuate and is affected by, among other things, changes
in the Hong Kong’s political and economic conditions and perceived changes in the economy of Hong Kong and the U. S. Any significant
revaluation of the Hong Kong dollar may materially and adversely affect our cash flows, revenue, and financial condition.

We
cannot assure you that the current policy of the pegging of Hong Kong dollars to U. S. dollars will not be changed in the future. If the
pegging