Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 205

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 205
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 the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option which results in an economic penalty.

The Company has four office premise lease agreements with lease terms ranging from one to three years, respectively. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Upon adoption of ASU 2016-02, no right-of-use (“ROU”) assets nor lease liability was recorded for the lease with a lease term with one year.

| F-17 |

<div align='center'>ENIGMATIG LIMITED (FORMERLY KNOWN AS DESFRAN HOLDINGS LIMITED)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 8 | Right-of-use assets and operating lease liabilities (continued) |

As of September 30, 2024, the Company had the following non-cancellable lease contracts.

| Description                                                                                        
 of lease                                                                                           |     | Lease         
 term          |
| Office                                                                                             
 premise, Unit 1002B2-22, 10/F, Sunbeam Centre, 27 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong. |     | 2             
 years         |
| Office                                                                                             
 premise, 23A, 2-8 Scrutton Street, London EC2A 4RT.                                                |     | 2             
 years         |
| Office                                                                                             
 premise, Room 1903 ( Part ), No.1701, West Beijing Road, Jing ‘an District, Shanghai               |     | 3             
 years         |
| Office                                                                                             
 premise, 3 Shenton Way, #23-01, Shenton House, Singapore 068805.                                   |     | 1             
 year 3 months |

| (a) | Amount                                        
 recognized in the consolidated balance sheet: |

|                     |     | As of September 30, |         |     |      |        |     |      |         |
|                     |     |                2024 |         |     | 2023 |        |     | 2022 |         |
|                     |     |                 US$ |         |     |  US$ |        |     |  US$ |         |
| Right-of-use assets |     |                     | 104,911 |     |      | 90,892 |     |      | 179,677 |
| Lease liabilities   |     |                     |         |     |      |