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.