Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 145

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 1C
Chunk 145
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 organized in Labuan, Malaysia. The Nevada and, Malaysia
corporations share the same exact business plan.

We currently
provide data analytic services, which cover customer behavior and predictive customer analysis, to, at present, one client. Our present
client, a Malaysia company named Jocom Mshopping Sdn Bhd, who is a related party, runs an e-commerce platform operator located in Malaysia.
Our inhouse data analytic software solution, namely “JOCOM AI Smart Platform”, is developed by our CEO, Mr. Sew, through his
past experience in software development and the fresh grocery industry. JOCOM AI Smart Platform is a subscription based web software.
Via our wholly owned subsidiary, Jocom Holdings Corp., we own the rights to a propriety analytics platform, “JOCOM AI SMART PLATFORM”,
referred to herein as “the Software”, which analyzes buying patterns and customer behaviors of consumers of grocery items
within Malaysia. We also have an interface that allows users to purchase and schedule grocery delivery. Our Software is able to integrate
on our interface and analyze data from the interface. Amongst other things, the Software can analyze customer behaviors, predict customers
behaviors, and optimize product placement.

Our office and mailing address is Unit No. 11-1, Level
11, Tower 3, Avenue 3, Bangsar South, No. 8 Jalan Kerinchi, 59200, Kuala Lumpur. We lease our office space monthly at a cost of approximately
RM 7,716.80 (equal to approximately $1,681 USD as of year end conversion rate). The office space is leased from Ms. Chua Hwee Ping, our
Chief Financial Officer, President, Secretary, Treasurer and Director.

7

Results of Operations for the year ended December
31, 2024 and 2023

Revenue

The Company generated revenue of $24,000 and $24,000
for the year ended December 31, 2024 and 2023. The revenue was a result of a service fee paid by a client to carry out data analytic services
on the Southeast Asian online grocery market via our software solution.

Cost of Revenue and Gross Margin

For the year ended December 31, 2024 and 2023, the
Company did not have any cost of revenue. The Company generated gross profits of $24,000 and $24,000 for the year ended December 31, 2024
and 2023.

Other Income