Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 413

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 7
Chunk 413
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 formally adopted
a written code of business conduct and ethics that governs the Company’s employees, officers and Directors as the Company is not
required to do so.

In lieu of an Audit Committee, the Company’s
Board of Directors, is responsible for reviewing and making recommendations concerning the selection of outside auditors, reviewing the
scope, results and effectiveness of the annual audit of the Company’s financial statements and other services provided by the Company’s
independent public accountants. The Board of Directors, the Chief Executive Officer and the Chief Financial Officer of the Company review
the Company’s internal accounting controls, practices and policies.

Committees of the Board

Our Company currently does not have nominating, compensation,
or audit committees or committees performing similar functions nor does our Company have a written nominating, compensation or audit committee
charter. Our Directors believes that it is not necessary to have such committees, at this time, because the Director(s) can adequately
perform the functions of such committees.

Audit Committee Financial Expert

Our Board of Directors has determined that we do not
have a board member that qualifies as an “audit committee financial expert” as defined in Item 407(D)(5) of Regulation S-K,
nor do we have a Board member that qualifies as “independent” as the term is used in Item 7(d)(3)(iv)(B) of Schedule 14A under
the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(14) of the FINRA Rules.

We believe that our Director(s) are capable of analyzing
and evaluating our financial statements and understanding internal controls and procedures for financial reporting. The Director(s) of
our Company does not believe that it is necessary to have an audit committee because management believes that the Board of Directors can
adequately perform the functions of an audit committee. In addition, we believe that retaining an independent Director who would qualify
as an “audit committee financial expert” would be overly costly and burdensome and is not warranted in our circumstances given
the stage of our development and the fact that we have not generated any positive cash flows from operations to date.

Involvement in Certain Legal Proceedings

Our Directors and our Executive officers have not
been involved in any of the following events during the past ten years:

    1.
    bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time