{"url_path":"/sec/fchl/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 Material Modifications to the Rights of Securities Holders and Use of Proceeds**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2023796/0001493152-26-023516-index.html","accession_number":"0001493152-26-023516","cik":"0002023796","ticker":"FCHL","issuer_name":"Fitness Champs Holdings Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/2023796/0001493152-26-023516-index.html","primary_entity_key":"0002023796","primary_entity_name":"Fitness Champs Holdings Ltd"},"word_count":329,"has_tables":true,"body_markdown":"**Item\n14. Material Modifications to the Rights of Securities Holders and Use of Proceeds**\n\n \n\n**14.A.\n– 14.D. Material Modifications to the Rights of Security Holders**\n\n \n\nSee\n“Item 10. Additional Information” for a description of the rights of shareholders, which remain unchanged.\n\n** **\n\n**14.E.\nUse of Proceeds**\n\n \n\nThe\nfollowing “Use of Proceeds” information relates to the registration statement on Form F-1, as amended (File Number: 333-287405\n(the “F-1 Registration Statement”), in relation to our initial public offering of 2,000,000 Ordinary Shares at an offering\nprice of US$4.00 per share. Our initial public offering closed on September 4, 2025.\n\n \n\nIn\nthe IPO, the Company issued 2,000,000 Ordinary Shares at a price of US$4.00 per share. Bancroft Capital, LLC was the representative of\nthe underwriters. The Company received gross proceeds in the amount of US$ 8 million and net proceeds of approximately US$6.9 million\nafter deducting underwriting discounts and expenses. As of the date of this annual report, we used US$5.8 million of the net proceeds\nreceived from the IPO for remaining payments to professional parties in relations to the IPO and ongoing listing as well as repayment\nof interest-free loans.\n\n \n\nIn\nthe Follow On Offering, the Company issued 3,225,000 Ordinary Shares at a price of US$1.55 per share. Univest Securities LLC was the exclusive\nplacement agent. The Company received gross proceeds in the amount of US$5 million and net proceeds of approximately US$4.5 million after\ndeducting placement agent fees and expenses. As of the date of this annual report, we have yet to used the net proceeds received from\nthe Follow On Offering for working capital purposes. We still intend to use the remainder of the proceeds from Follow On Offering as\ndisclosed in our Follow On Offering registration statements on Form F-1.\n\n \n\nNone\nof the net proceeds from our initial public offering were directly or indirectly paid to the directors, officers of our company or their\nassociates, persons owning 10% or more of our equity securities or our affiliates or others."}