Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 30

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 30
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they become due or to otherwise comply with the covenants contained in any of such agreements could result in an event of default thereunder.
If not cured or waived, an event of default under any of such agreements could enable the lender thereunder to declare all borrowings
outstanding on such debt, together with accrued and unpaid interest and fees, to be due and payable. In such an event, we may not be
able to pay dividends or have sufficient liquidity to meet operating and capital expenditure requirements. Any such acceleration could
cause us to lose a substantial portion of our assets and will substantially adversely affect our ability to continue our operations.

  16  

We
are exposed to risks of infringement of our intellectual property rights and the unauthorized use of our trademarks by third parties.

We
have registered our trademark to protect our intellectual property rights in Hong Kong. Should our trademark be violated or infringed,
there may be confusion by potential customers who have not previously worked with us.

Given
our limited resources, we may not be able to effectively prevent third parties from violating our Company’s intellectual property
rights. There is also no assurance that we will be able to obtain adequate remedies in the event of a violation of our intellectual property
rights by our competitors or other third parties. If we fail to protect our intellectual property rights adequately, there may be an
adverse impact on our Company’s reputation, goodwill and financial performance.

As
of the date of this Annual Report, whilst we have not experienced any claims for intellectual property rights infringement, there is
no assurance that the products, services, technologies and advertising we use in our business do not or will not infringe valid intellectual
property rights held by third parties in the future. In the event of any claims or litigation by third parties involving infringement
of their intellectual property rights, whether with or without merit, our operations and financial performance may be adversely affected.

Our
lack of effective internal controls over financial reporting may affect our ability to accurately report our financial results or prevent
fraud.

Prior
to the listing of our Shares in October 2024, we were a private company with limited accounting personnel and resources to address our
ICFR. Our management has not completed an assessment of the effectiveness of our internal controls over financial reporting (“ ICFR”).

Effective
ICFR is important to prevent fraud. The market for and trading price of our Class A Ordinary Shares may be materially and adversely affected
if we do not have effective internal controls. We may not be able to discover