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

BUKIT MERTAJAM, MALAYSIA, Sept. 30, 2026 (GLOBE NEWSWIRE) -- CCH Holdings Ltd (Nasdaq: CCHH) (the “Company” or “CCH”), a Malaysia-based specialty hotpot restaurant chain, today announced the subsequent closing (the “Subsequent Closing”) of its previously announced offering of a convertible promissory note (the “Note”) convertible into Class A ordinary shares of the Company, par value US$0.0001 per share (the “Shares”), and accompanying warrants (the “Warrants”), pursuant to the Securities Purchase Agreement, dated July 31, 2026 (the “Purchase Agreement”), with an institutional investor (the “Investor”). At the Subsequent Closing, the Investor delivered to the Company US$1,035,000, being the remaining US$1,150,000 of the subscription amount net of the additional discount of US$115,000 contemplated by the Purchase Agreement in respect of the second closing, and the Company issued to the Investor the remaining portion of the Note in the principal amount of US$1,250,000. Following the Subsequent Closing, the Note in the aggregate principal amount of US$2,500,000 has been issued in full, and the Company has received aggregate gross proceeds of US$2,185,000 under the Purchase Agreement. The Company elected to apply the additional discount as a reduction of the gross proceeds payable at the Subsequent Closing, and no Class A Ordinary Shares were or will be issued to the Investor in respect of such discount.