Here are 1-2 brief analogies for CCH (CCHH):

• A Malaysian version of P.F. Chang's, but focused entirely on specialty hotpot.
• The Chipotle for Malaysian hotpot.

• Chicken Hotpot: A signature hotpot dish featuring chicken as the main protein.
• Fish Head Hotpot: A specialty hotpot dish primarily featuring fish heads.

CCH (symbol: CCHH) is a specialty hotpot restaurant chain. As such, it sells primarily to individuals rather than other companies. The company serves the following categories of customers:

1. Individual Diners and Families: Local residents and families seeking a dining experience specializing in chicken hotpot and fish head hotpot.
2. Social Gatherings and Groups: Friends, colleagues, and other groups looking for a communal dining experience often associated with hotpot.
3. Tourists and Visitors: Domestic and international tourists visiting George Town, Penang, seeking local culinary experiences, including specialty hotpot.

Goh Kok Foong, Chairman of the Board and Chief Executive Officer

Mr. Goh Kok Foong is the founder of CCH Holdings Ltd, established in 2015, and also co-founded STCH Holding in 2019 with his brother, Mr. Goh Kok E. He has over 15 years of experience in the food, beverage, and logistics sectors across Southeast Asia. He has served as the Chief Executive Officer of Hong Woi Tat Trading Sdn. Bhd., a global logistics and shipping firm, since 2018. From 2009 to 2014, he was an executive director of Kopitan Classic Sdn. Bhd., where he co-founded a modern kopitiam chain.

Kean Ming Benjamin Yap, Chief Financial Officer

Mr. Benjamin Yap Kean Ming has served as the Chief Financial Officer of CCH Holdings Ltd since March 2025. He possesses extensive experience in multinational companies across various sectors, including manufacturing, food production, fast-moving consumer goods, wholesale, retail, logistics, property development, and plantation. Prior to joining CCH Holdings, he was the Chief Financial Officer at United Oil Palm Group for three years, where he oversaw the group's accounts and finance functions in preparation for its initial public listing in the U.S. His career also includes roles at Ernst & Young, Fujikura Federal Cables Sdn. Bhd., Kerry Ingredients (M) Sdn. Bhd., Keluarga Group, and Aspen Group.

Goh Kok E, Director and Chief Operating Officer

Mr. Goh Kok E is the Chief Operating Officer and a director of the Company, and has over 15 years of experience in conceptualizing, scaling, and managing successful food and beverage brands across Malaysia and Southeast Asia. He co-founded STCH Holding with his brother, Mr. Goh Kok Foong, in 2019, and serves as its chief executive officer. From 2009 to 2014, Mr. Goh Kok E held the position of managing director and chief executive officer at Kopitan Classic.

Wai Kong Wu, Independent Director

Mr. Wai Kong Wu is an independent director. He has experience in food manufacturing, food trading, and property management. Since 2019, he has been an executive director of Kanger International Berhad, a Malaysian public company specializing in property development, construction, and the trading of building materials. He has also served as the chief executive officer of Larq Holding Sdn Bhd, an investment holding company focusing on property development, food and beverages, and aquaculture sectors, since 2022.

Yah Ling Ng, Independent Director

Ms. Yah Ling Ng is an independent director. She has been a Director at Premier Accountancy Services Sdn. Bhd. since 2013. She is a member of the Malaysian Institute of Accountants and the Malaysian Association of Company Secretaries.

The specialty hotpot restaurant chain CCH (symbol: CCHH) faces several key risks, primarily related to its status as a publicly traded company and its ambitious expansion plans.

1. NASDAQ Delisting Risk
   CCHH is at risk of being delisted from NASDAQ due to its share price falling below the minimum $1.00 bid price requirement. The company received a notice of non-compliance and has a 180-day period, expiring on August 3, 2026, to regain compliance. Failure to meet this requirement could lead to delisting.
2. High Volatility and Low Liquidity
   As a nanocap/microcap company with a low public float (approximately 1.3 to 1.4 million shares outstanding), CCHH's stock is highly volatile and has low liquidity. This makes the stock susceptible to significant price swings and challenges for investors to buy or sell shares without impacting the price. This market structure also leaves it open to retail speculation.
3. Execution Risk of Ambitious Expansion Plans and Negative Cash Flow
   Despite reporting a net loss in the first half of 2025 and being cash flow negative in both 2023 and 2024, CCHH has ambitious global expansion plans, including opening a flagship restaurant in Midtown Manhattan and building a manufacturing plant in Africa. These plans are considered to carry substantial execution risk, especially for a small company with limited capital and existing financial challenges.

CCH Holdings Ltd (NASDAQ: CCHH), a leading specialty hotpot restaurant chain based in Malaysia, is poised for future revenue growth over the next two to three years through several strategic initiatives.

Key drivers of this anticipated growth include:

• Strategic Acquisitions within Malaysia: CCH Holdings plans to acquire multiple Malaysia-based restaurant groups during the first half of 2026. These acquisitions include three additional outlets of the Sichuan cuisine franchise Banbudian Bistro, thirteen outlets of the Chaoshan-style hotpot chain Chao Liu Xian Hotpot, and four franchised outlets of its existing Chicken Claypot House brand. These moves are expected to diversify the company's offerings and enhance its revenue and overall performance.
• International Market Expansion to the U.S. and Africa: The company is set to expand its global footprint by opening its first U.S. location, a Chicken Claypot House restaurant, in midtown Manhattan in the second half of 2026. Additionally, CCH Holdings intends to establish an Africa-based factory in the second half of 2026. This factory will produce instant noodles and sauce for distribution in Africa, Europe, and the U.S., marking a significant step towards internationalizing its product line and creating new revenue streams.
• Introduction of New Brands and Business Ventures in Malaysia: CCH Holdings plans to launch new ventures in its home market. This includes the introduction of a new hotpot restaurant brand, Foong Hotpot & Bistro, in the first quarter of 2026, and the opening of a new bakery shop, 6 Mil Bakery, in the first half of 2026, both located in Johor Bahru, Malaysia. These new brands aim to further diversify the company's product offerings and are anticipated to significantly improve revenue, margins, and bottom-line performance.
• Growth through an Asset-Light Franchising Model: CCH Holdings utilizes a business model that incorporates both company-owned and franchised restaurant outlets. The franchising model allows the company to scale its operations and expand its brand presence with reduced capital expenditure, as franchisees typically bear the costs of build-out, leases, and staffing, while CCH Holdings collects licensing fees and a percentage of revenue. This strategy, exemplified by the planned acquisition of additional Chicken Claypot House franchised outlets, is expected to continue contributing to revenue growth through recurring fees and broader market penetration.

Share Issuance

• CCH Holdings Ltd. completed its Initial Public Offering (IPO) on October 3, 2025, offering 1,250,000 ordinary shares at $4.00 per share, which generated gross proceeds of $5 million.
• The underwriters fully exercised an over-allotment option on October 17, 2025, purchasing an additional 187,500 ordinary shares for $750,000 in gross proceeds, bringing the total gross proceeds from the IPO to $5.75 million and the total shares sold to 1,437,500.

Outbound Investments

• The company intends to use proceeds from its IPO for strategic investments or acquisitions and brand building.
• CCH Holdings has announced plans for multiple acquisitions, new business ventures, and international expansion in 2026, including expansion into the U.S. and Africa.
• Anticipated acquisitions in the first half of 2026 include three Malaysia-based restaurant groups: three Banbudian Bistro outlets, thirteen Chao Liu Xian Hotpot outlets, and four franchised Chicken Claypot House outlets not previously part of the listed group.

Capital Expenditures

• Capital expenditures for the last 12 months were approximately -$157,576.
• A portion of the IPO proceeds is planned for the expansion of the company's restaurant network.