Company: CLIK
Filing Date: 2025-03-19
Form Type: F-1
Source: 0001213900-25-025112
Chunk: 78

Company: Click Holdings Ltd.
Filing Date: 2025-03-19
Form: F-1
Chunk 78
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 we presently anticipate and describe herein. The foregoing is set forth based on the order of priority of each purpose and represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of this offering. Our management, however, will have significant flexibility and discretion to apply the net proceeds of this offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of this offering differently than as described in this prospectus. To the extent the net proceeds we receive from this offering are not immediately used for the above purposes, we intend to invest our net proceeds in short -term, interest -bearingbank deposits or debt instruments. 42 DIVIDEND POLICY On December 31, 2023, JFY Corporate paid a dividend of HK$2,500,000 (US$320,513) to Mr. Chan Chun Sing. We may declare or pay additional dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our BOD after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the BOD deems relevant, and subject to the restrictions contained in any future financing instruments. The declaration, amount and payment of any future dividends will be at the sole discretion of our BOD, subject to compliance with applicable British Virgin Islands laws. Our BOD will take into account general economic and business conditions, our financial condition and results of operations, our available cash and current and anticipated cash needs, capital requirements, contractual, legal, tax and regulatory restrictions, and other implications on the payment of dividends by us to our shareholders or by our subsidiaries to us, and such other factors as our BOD may deem relevant. Subject to the BCA and our Articles of Association, our BOD may authorize payment of a dividend to our shareholders at such time and of such an amount if they are satisfied, on reasonable grounds, that immediately after the distribution (a) we will be able to pay its debts as they fall due; and (b) the value of our assets exceeds our liabilities. As we are a holding company incorporated in the BVI with no operating revenue or profit of our own, we rely on dividends paid to us by our subsidiaries for our cash requirements, including funds to pay any dividends and other cash distributions to our shareholders, service any debt we may incur and pay our operating expenses. Our ability to pay dividends to our shareholders will depend on, among other things, the availability of dividends from our