{"url_path":"/sec/fchl/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 Major Shareholders and Related Party Transactions**","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":504,"has_tables":true,"body_markdown":"**Item\n7. Major Shareholders and Related Party Transactions**\n\n \n\n**7.A.\nMajor Shareholders**\n\n \n\nPlease\nrefer to “Item 6. Directors, Senior Management and Employees — 6.E. Share Ownership.”\n\n \n\n**7.B.\nRelated Party Transactions**\n\n \n\n**Terms\nof Directors and Officers**\n\n \n\nSee\n“Item 6. Directors, Senior Management and Employees—6.C. Board Practices—Terms of Directors and Officers.”\n\n \n\n**Employment\nAgreements and Indemnification Agreements**\n\n \n\nSee\n“Item 6. Directors, Senior Management and Employees—6.B. Compensation—Employment Agreements\n\n \n\n**RELATED\nPARTY TRANSACTIONS**\n\n \n\nWe\nhave adopted an audit committee charter, which requires the committee to review all related-party transactions on an ongoing basis and\nall such transactions be approved by the committee.\n\n \n\nFor\nthe fiscal years ended December 31, 2025, 2024 and 2023 and as of the date of this annual report, the Group had the following related\nparty transactions, as identified in accordance with the rules prescribed under Form 20-F.\n\n \n\nRelated\nParty\n \nRelationship\nwith our Group\n\n \n\nMs.\nLee\n \nShe\nis our Executive Director and controlling shareholder of our Company.\n\n \n\n  \nFor the years ended December 31, \n\nNature of transactions \n2023  \n2024  \n2025 \n\n  \nS$’000  \nS$’000  \nS$’000 \n\nDirector/Shareholder \n    \n    \n   \n\n- Reimbursement fund for expenses paid on behalf of the Company* \n 3,898  \n 279  \n 16 \n\n- Coach fee and salary paid on behalf by Joyce Lee Jue Hui* \n (2,518) \n -  \n - \n\n- Other expenses paid on behalf by Joyce Lee Jue Hui \n (709) \n (279) \n (16)\n\n- Dividend payout to Joyce Lee Jue Hui \n (1,236) \n -  \n - \n\n- Loan advance to the Company \n -  \n (1,254) \n (730)\n\n- Repayment of loan \n -  \n 125  \n 1,641 \n\n \n\n \n*\nHistorically,\nMs. Lee made salary payments, coaches’ fees, independent contractor fees and company expenses directly to minimize bank transaction\nfees. The Company transferred the funds to Ms. Lee and Ms. Lee paid these amounts directly. The Company ceased this practice from\nDecember 2023 for payment of coach fee and salary paid on behalf by Joyce Lee Jui Hui.\n\n \n\n53\n\n \n\n \n\nThe\nCompany has an outstanding amount due to the director amounting to S$1,129,000 and S$218,000 as of December 31, 2024 and 2025, respectively,\nwhich pertains to shareholder loans provided by Ms. Lee to the Company to fund the offering costs. The original loan amount was up to\nUS$800,000 and was increased to up to US$1,000,000. The Company intends to repay the loan in full, in accordance with the terms of the\nloan agreement. The loan is repayable upon the earlier of the listing of the Ordinary Shares on Nasdaq or March 31, 2025, and further\nextended to March 31, 2026. The loan agreement and extension agreement are attached as Exhibit 10.9 to this annual report. As of the\ndate of this report, the outstanding balance has been fully repaid.\n\n \n\nDuring\nthe year ended December 31, 2025, the director provided additional advances to the Company amounting to S$730,000. These amounts are\nunsecured, interest-free and repayable on demand.\n\n \n\nThese\nrelated parties are controlled by the common shareholders of the Company.\n\n \n\nApart\nfrom the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other\nsignificant or material related party transactions during the years presented.\n\n \n\n**7.C.\nInterests of Experts and Counsel**\n\n \n\nNot\napplicable."}