Planned purchases underscore management's confidence in CCHH's long-term value and support the Company's three-year strategic development plan
BUKIT MERTAJAM, Malaysia, July 08, 2026 (GLOBE NEWSWIRE) -- CCHH (Nasdaq: CCHH) ("CCHH" or the "Company"), a Nasdaq-listed company primarily engaged in Chicken Claypot restaurant operations while actively pursuing strategic diversification initiatives, today announced that Mr. Goh Kok E, Chief Executive Officer of the Company, has informed the Board of Directors of the plan to gradually purchase shares of CCHH over the next twelve months.
Under the proposed share purchase plan, Mr. Goh together with his investors intend to acquire CCHH common shares through open-market transactions and/or other legally permissible transactions at a planned purchase price of not less than US$1.00 per share, with an aggregate investment amount expected to range from US$10 million to US$30 million. The timing, amount and completion of any purchases will remain subject to market conditions, applicable securities regulations, available liquidity and other customary considerations.
The proposed purchases are expected to be made using their personal funds and are intended to further align management's interests with those of long-term shareholders while demonstrating confidence in the Company's future development strategy.
Demonstrating Confidence in Long-Term Strategy
The Company believes that the planned purchases reflect management's confidence in CCHH's long-term growth prospects, strategic direction and ability to execute its development roadmap.
Over the past year, CCHH has continued to strengthen its core restaurant franchise operations while exploring strategic opportunities in technology infrastructure, digital assets and other emerging industries. Management believes these initiatives may provide a more diversified foundation for sustainable long-term growth while maintaining disciplined capital allocation.
The Company also believes that increasing insider ownership further aligns executive leadership with shareholder interests and reinforces management's commitment to executing its long-term strategic vision.
Supporting the Company's Three-Year Strategic Plan
The planned share purchases are also expected to support the Company's ongoing three-year strategic development plan.
Under this plan, CCHH intends to continue expanding its restaurant franchise network while selectively pursuing strategic opportunities in technology-enabled businesses and innovative asset allocation initiatives. Management believes that maintaining operational stability while exploring higher-growth sectors may strengthen the Company's long-term earnings profile and improve shareholder value creation.