Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 121

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 121
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 Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation,
“Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are not guarantees
of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking
statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We
assume no responsibility to update the forward-looking statements contained in this transition report on Form 10-Q. The following should
also be read in conjunction with the unaudited condensed Consolidated Financial Statements and notes thereto that appear elsewhere in
this report.

Company
Overview

Nusatrip
Incorporated (“NusaTrip”) is incorporated under the laws of Nevada on May 22, 2023, which has no substantive operations other
than holding all of the outstanding equity of its operating subsidiaries as described below. Nusatrip and its subsidiaries (collectively
referred to as the “Company”) are mainly engaged in the provision of online ticketing and reservation services.

The
Company is an Online Travel Agency (“OTA”) in Indonesia and across Indonesia, Singapore, Vietnam, the Philippines and Thailand
(“SEA”). As an OTA, the Company, is an intermediary between travelers and various travel service providers such as airlines
and hotels. The Company offers a one-stop platform where travelers can search, compare, and book flights, hotels, car rentals, and other
travel-related services. The Company earns revenue through commissions, service fees, and advertising partnerships. The Company negotiates
agreements with airlines, hotels, and other travel suppliers to access their inventory and offer competitive prices to customers.

The
Reorganization transactions are completed as of the date these carve-out combined and consolidated financial statements were available
to be issued:

The
Company’s ultimate holding company is Society Pass Incorporated (“SOPA”), which is incorporated in State of Nevada
on September 22, 2018 and is currently listed on the Nasdaq Exchange under a ticker of SOPA.

On
August 15, 2022, SOPA acquired 75% of the outstanding capital stock of Nusatrip International Pte Ltd. (“NIPL”) and also
purchased all of the outstanding capital stock of PT Tunas Sukses Mandiri (“PTTSM”), a company existing under the law of
the Republic of Indonesia, and both engaged in