Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 5

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 5
---
  
    Cash
    and cash equivalents, beginning of period 
     2,481  
     134 
  
    CASH
    AND CASH EQUIVALENTS, END OF PERIOD 
    $2,450  
    $113 
  
    SUPPLEMENTAL
    CASH FLOWS INFORMATION 

    Income
    taxes paid 
    $-  
    $- 
  
    Interest
    paid 
    $-  
    $- 

See
accompanying notes to condensed consolidated financial statements.

F-5

JOCOM
HOLDINGS CORP.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(Currency
expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

1.
DESCRIPTION OF BUSINESS AND ORGANIZATION

Jocom
Holdings Corp. was incorporated on January 8, 2021 under the laws of the state of Nevada.

The
Company, through its subsidiary, engaged in providing data analytic services, which cover customer
behavior and predictive customer analysis.

On
April 15, 2021, the Company acquired 100% of the equity interests in Jocom Holdings Corp. (herein referred as the “Malaysia Company”),
a private limited company incorporated in Labuan, Malaysia. In consideration of the equity interests of Jocom Holdings Corp., Ms. Chua
was compensated $100 USD.

On
June 12, 2024, Jocom Holdings Corp, its wholly owned subsidiary, acquired 100% of the equity interests in JHC Digital Sdn. Bhd. (herein
referred as the “Malaysia Company”), a private limited company incorporated in Kuala Lumpur, Malaysia. In consideration of
the equity interests of JHC Digital Sdn Bhd., Ms. Chua was compensated $2,120 USD.

Details
of the Company’s subsidiaries:

 SCHEDULE OF COMPANY SUBSIDIARIES 

    Company
    name
     
    Place/date
    of incorporation
     
    Particulars
    of issued capital
     
    Principal
    activities

    1.
    
    Jocom
    Holdings Corp.
     
    Labuan,
    January 26, 2021
     
    100
    shares of ordinary share of US$