Company: EGG
Filing Date: 2025-03-04
Form Type: DRS/A
Source: 0001493152-25-008991
Chunk: 105

Company: ENIGMATIG LTD
Filing Date: 2025-03-04
Form: DRS/A
Chunk 105
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 substantial portion of our corporate services income from a limited number of customers. For the years ended September 30,
2022, 2023 and 2024, corporate services income generated from our two largest customers accounted for approximately 46.3%,
54.7% and 47.9%, respectively, of our total corporate services income. Most of our clients were headquartered in the Asian-Pacific
region, primarily including Hong Kong, Malaysia, the UAE, Thailand and mainland China. We service our clients through four global offices
located in Singapore, Hong Kong, Shanghai and London, and maintain a desk in Bangkok, Thailand.

Our Competitive Strengths

We believe the following competitive strengths have contributed to our success to date and will continue to differentiate ourselves from our competitors:

| ● | Broad                                                                                                                                    
 range of services. The breadth of our services, ranging from initial planning and filings and license registration to ongoing            
 regulatory compliance and back-office services, allows us to operate as a one-stop service provider for our clients setting up a         
 company in a new jurisdiction. This allows us to build strong relationships with our clients and facilitates a relationship-centric      
 focus whereby we maintain ongoing contact with our clients and can continue to provide them services. Most of our competitors for        
 small and medium corporate clients offer a smaller range of services, and sometimes even refer clients to us to cover areas in which     
 they are unable to provide services.                                                                                                     |
| ● | Relationships                                                                                                                            
 with third-party professional service providers. We have developed key relationships with leading third-party professional               
 service providers, including law firms, accounting firms and other professional firms and intermediaries, as well as with professional   
 firms holding necessary licenses for us to outsource work. Leveraging the expertise of such local agents helps us to mitigate regulatory 
 risk and allows us to offer expanded services, strengthening our competitive position of being able to offer one-stop solutions to       
 our clients. Such relationships also provide a leading source of new business to us and we have generated many of our new clients        
 through referrals from such third parties.                                                                                               |
| ● | Physical                                                                                                                                 
 presence. While many of our competitors only maintain offices in the markets from which their customers come, our additional             
 presence in the financial markets in which our customers incorporate and operate their oversees businesses provides us a key competitive 
 advantage in several jurisdictions in which we operate. Our offices and local staff are able to apply for licenses for our clients,      
 serve as a point of contact for new clients and marketing initiatives and do the groundwork in significant jurisdictions for