Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 3

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 3
Chunk 3
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, the PCAOB Board
will consider the need to issue a new determination. Our securities may be delisted or prohibited from trading if the PCAOB determines
that it cannot inspect or investigate completely our auditor under the HFCA Act.

   2  

We
are a holding company and our ability to pay dividends is primarily dependent upon the earnings of, and distributions by, our Hong Kong
subsidiaries.

Click
Holdings is a business company incorporated under the laws of the BVI with limited liability. The majority of our business operations
are conducted through our subsidiaries, JFY Corporate, Click Services and Care U, and hence, our revenue and profit are substantially
contributed by our Hong Kong subsidiaries. We may consider paying further dividends in the near future.

Our
ability to pay dividends to our shareholders is primarily dependent upon the earnings of our Hong Kong subsidiaries and its distribution
of funds to us, primarily in the form of dividends. The ability of our Hong Kong subsidiaries to make distributions to us depends upon,
among others, their distributable earnings. The amounts of distributions that any of Click Holdings’ subsidiaries declared and
made in the past are not indicative of the dividends that we may pay in the future. There is no assurance that we will be able to declare
or distribute any dividend in the future.

A
downturn in the Hong Kong or global economy, or a change in economic and political policies of the PRC, could materially and adversely
affect our Hong Kong operating subsidiaries’ business and financial condition.

Our
Hong Kong operating subsidiaries’ business, prospects, financial condition and results of operations may be influenced to a significant
degree by political, economic and social conditions in Hong Kong and China generally. The Chinese economy differs from the economies
of most developed countries in many respects, including the amount of government involvement, level of development, growth rate, control
of foreign exchange and allocation of resources. While the Chinese economy has experienced significant growth over the past decades,
growth has been uneven, both geographically and among various sectors of the economy. The Chinese government has implemented various
measures to encourage economic growth and guide the allocation of resources. Some of these measures may benefit the overall Chinese economy,
but may have a negative effect on our Hong Kong operating subsidiaries.

Economic
conditions in Hong Kong and China are sensitive to global economic conditions. Any prolonged slowdown in the global or Chinese economy
may affect our current customers’ and potential customers’ businesses, and have a negative impact on our Hong Kong operating
subs