CCH Holdings Ltd Announces Initial Closing of US$2.5 Million Convertible Promissory Note and Warrant Offering

BUKIT MERTAJAM, MALAYSIA, July 31, 2026 (GLOBE NEWSWIRE) -- CCH Holdings Ltd (Nasdaq: CCHH) (the “Company” or “CCH”), a Malaysia-based specialty hotpot restaurant chain, today announced the initial closing of an offering of a convertible promissory note in the principal amount of $1,250,000 (the “Note”) convertible into Class A ordinary shares of the Company, par value $0.00001 per share (“Shares”) and accompanying warrants (the “Warrants”) for aggregate gross proceeds of $1,150,000 as to the initial closing. The Warrants entitle the Holder to purchase up to a certain number of Class A ordinary shares equal to $500,000 divided by the daily VWAP of the Shares on the date prior to the initial Closing, at an initial exercise price equal to 150% of the initial fixed conversion price of the Note.

The Note and Warrants were offered in a private offering to an institutional investor (the “Investor”) pursuant to a Securities Purchase Agreement (the “Purchase Agreement”). The Purchase Agreement provides for a subsequent closing of an additional $1,250,000 of principal amount of Note in exchange for an additional $1,150,000 of gross proceeds, subject to an additional discount equal to $115,000 in reduction of gross proceeds or in Class A ordinary shares as the Company may elect, to occur upon effectiveness of a resale registration statement for the Shares underlying the Note, subject to certain terms and conditions.