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Fitness Champs Holdings Limited Announces Closing of Initial Public Offering

Singapore, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Fitness Champs Holdings Limited (Nasdaq: FCHL) (the 鈥淐ompany鈥�), a distinguished aquatic sports education provider in Singapore, today announced the closing of its initial public offering (the 鈥淥ffering鈥�) of 3,750,000 ordinary shares, 2,000,000 of which were offered by the Company and 1,750,000 by selling shareholders, at a price to the public of US$4.00 per ordinary share. The ordinary shares began trading on the Nasdaq Capital Market on September 4, 2025 under the ticker symbol 鈥淔CHL.鈥�

The Company received aggregate gross proceeds of US$8.0 million from the Offering, before deducting underwriting discounts and other related expenses.

Net proceeds from the Offering will be used (i) to strengthen the Company鈥檚 coaching team by hiring and training more coaches; (ii) for marketing and branding; (iii) for business development such as vertical expansion in other aquatic sports; (iv) for potential strategic acquisitions; (v) for repayment of loans made by its controlling shareholder in connection with the costs of the Offering; and (vi) for general working capital and corporate purposes.

The Offering was conducted on a firm commitment basis. Bancroft Capital, LLC (鈥淏ancroft Capital鈥�) acted as the lead managing underwriter and book-runner for the Offering. Troy Gould PC acted as the U.S. counsel to the Company, and Sichenzia Ross Ference Carmel LLP acted as the U.S. counsel to Bancroft Capital in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (the 鈥淪EC鈥�) (File Number: 333-287405) and, as amended, was declared effective by the SEC on September 3, 2025. The Offering was made only by means of a prospectus forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained from Bancroft Capital at 501 W Office Center Dr # 130, Fort Washington, PA 19034, or via email at , or telephone at (484) 546-8000. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC's website at .

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company鈥檚 securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company鈥檚 securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Fitness Champs Holdings Limited
Fitness Champs Holdings Limited is a distinguished aquatic sports education provider, offering general swimming lessons to children and adults, with ladies-only swimming lessons available, as well as aquatic sports classes such as water polo, competitive swimming and lifesaving. The Company is one of the largest providers of swimming lessons to children enrolled in public schools under the Ministry of Education of Singapore in Singapore through the SwimSafer program, and has been offering private swimming lessons to children, youths and adults under its brand 鈥淔itness Champs鈥� since 2012. The Company aims to make swimming an enjoyable and affordable sport for children and adults, for water safety and as a way of keeping fit and healthy. Fitness Champs also plans to grow into a diversified sports education provider by expanding its offerings to include other sports such as pickleball. For more information, please visit the Company鈥檚 website at .

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company鈥檚 current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as 鈥渂elieve,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渆stimate,鈥� 鈥渃ontinue,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥渆xpect,鈥� or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company鈥檚 registration statement and other filings with the SEC.

For more information, please contact:
Fitness Champs Holdings Limited
贰尘补颈濒:听

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
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