Company: CLIK
Filing Date: 2025-04-02
Form Type: 424B4
Source: 0001213900-25-027705
Chunk: 90

Company: Click Holdings Ltd.
Filing Date: 2025-04-02
Form: 424B4
Chunk 90
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 from $5,487 for the year ended December 31, 2022 to $25,018 for the year ended December 31, 2023, and such increase was in line with the increase in interest rate, which is determined by Hong Kong Interbank Offer Rate (“HIBOR”). Income tax expense We are subject to income tax on an entity basis on profit arising in or derived from the jurisdiction in which the Company and its subsidiaries domicile or operate. Income tax expense is comprised mainly of Hong Kong income tax. Our income tax expense was $96,792 and nil for the years ended December 31, 2023 and 2022, respectively. The increase was mainly due to the increase in net income before provision for income taxes. The effective tax rate also increased from 0% in the year ended December 31, 2022 to 10.8% in the year ended December 31, 2023. There was no income tax expenses and the effective tax rate is 0% in the year ended December 31, 2022 because the income before provision for income taxes was fully offset by utilization of tax losses carried forward. Net income We recorded net income of $0.8 million for the year ended December 31, 2023, compared to $0.2 million for the year ended December 31, 2022. Such increase was attributable to the increase in revenue and gross margin, partially offset by the increase in general and administrative expense. 54

Results of Operations Comparison of Six Months Ended June 30, 2024 and 2023 The following table sets forth the consolidated results of our operations for the six months ended June 30, 2024 (“6M2024”) and the six months ended June 30, 2023 (“6M2023”) respectively:

|                                                                             |     | Six Months Ended June 30, |       2024 |   |     |   |       2023 |   |
|:----------------------------------------------------------------------------|:----|:--------------------------|-----------:|:--|:----|:--|-----------:|:--|
| Revenue                                                                     |     | $                         |  3,181,992 |   |     | $ |  2,788,050 |   |
| Cost of revenue                                                             |     |                           |  2,225,962 |   |     |   |  2,012,659 |   |
| Gross profit                                                                |     |                           |