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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.