Company: EGG
Filing Date: 2025-03-04
Form Type: DRS/A
Source: 0001493152-25-008991
Chunk: 208

Company: ENIGMATIG LTD
Filing Date: 2025-03-04
Form: DRS/A
Chunk 208
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2 | % |
|                                |     |                                      | 10 | % |     |      | 6 | % |     |      | 18 | % |

| F-21 |

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

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 12 | Income taxes (continued) |

Significant components of deferred tax were as follows:

|                                                 |     | As of September 30, |          |   |     |      |          |   |     |      |          |   |
|                                                 |     |                2024 |          |   |     | 2023 |          |   |     | 2022 |          |   |
|                                                 |     |                 US$ |          |   |     |  US$ |          |   |     |  US$ |          |   |
| Deferred tax assets, gross:                     |     |                     |          |   |     |      |          |   |     |      |          |   |
| Net operating loss carried forward              |     |                     |  124,455 |   |     |      |  181,154 |   |     |      |  135,139 |   |
| Valuation allowance                             |     |                     | (124,455 | ) |     |      | (181,154 | ) |     |      | (135,139 | ) |
| Deferred tax assets, net of valuation allowance |     |                     |        - |   |     |      |        - |   |     |      |        - |   |

In assessing the realizability of deferred tax assets, the Company only consider to the extent that it is probable that future taxable profits will be available against which the Company can utilize the benefits. After consideration of all the information available, the Company has recorded a full valuation allowance against its deferred tax assets as of September 30, 2024, 2023 and 2022, respectively, because the Company has determined that is it more likely than not that these assets will not be fully realized due to continuous net operating losses incurred in those geographic areas.

| 13 | Other (loss) income, net |

|                      |     | Years Ended September 30, |         |   |     |      |          |   |     |      |        |
|                      |     |                      2024 |