Company: EGG
Filing Date: 2025-03-28
Form Type: F-1
Source: 0001641172-25-001072
Chunk: 115

Company: ENIGMATIG LTD
Filing Date: 2025-03-28
Form: F-1
Chunk 115
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Risk Factors—Risks Relating to Our Business and Industry—Our insurance coverage is limited and may not be adequate to cover potential losses and liabilities. A significant uninsured loss or a loss in excess of our insurance coverage could have a material adverse effect on our results of operations and financial condition.”

Legal Proceedings

We are currently not a party to, and we are not aware of any threat of, any legal or administrative proceedings that, in the opinion of our management, are likely to have any material and adverse effect on our business, financial condition, cash-flow or results of operations. However, we may from time to time become a party to various legal or administrative proceedings arising in the ordinary course of business.

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<div align='center'>REGULATION</div>

Our Group’s business and operations may be subject to stringent laws and regulations, including licensing, registration and permit requirements, and failure to comply with such laws and regulations may result in civil and criminal penalties. Such requirements may vary depending on the jurisdiction in which the relevant activity conducted by our Group took place.

The following sets forth a summary of the principal laws and regulations that may materially affect our Group and its operations in Singapore and Hong Kong, in which the majority of our operations take place and our employees are based. This summary does not purport to be a comprehensive description of all the laws and regulations applicable to the business and operations of our Group and/or which may be important to potential investors. Investors should note that the following summaries are based on the laws and regulations in force as at the date of this prospectus and may be subject to change.

Singapore

Licensed activities

Certain activities undertaken by our Group may be subject to regulation by Singapore authorities.

Pursuant to the Accounting and Corporate Regulatory Authority (Filing Agents and Qualified Individuals) Regulations 2015 of Singapore, filings for corporate secretarial documents with the Accounting and Corporate Regulatory Authority of Singapore, or ACRA, may only be made on behalf of another person by registered filing agents, acting by or through registered qualified individuals. Qualified individuals include registered public accountants, advocates and solicitors, and corporate secretarial agents.

The
Singapore Parliament had on July 2, 2024 passed the Corporate Service Providers Bill of Singapore, which introduced the Corporate
Service Providers Act 2024 of Singapore, or the CSPA. Pursuant to the CSPA, a person must not carry on a business in Singapore of
providing any corporate services such as filing or lodging any document with ACRA unless the person is a registered