Company: EGG
Filing Date: 2025-03-28
Form Type: F-1
Source: 0001641172-25-001072
Chunk: 6

Company: ENIGMATIG LTD
Filing Date: 2025-03-28
Form: F-1
Chunk 6
---
 in Singapore, Hong Kong and mainland China through our operating subsidiaries. We began our operations in 2010 when our first office was founded in Singapore. Mr. Foo Chee Weng Desmond is the founder of our Group. He has extensive experience in the financial industry. Further details of his biography are set out in the section headed “Management” in this prospectus.

With the growth of our business and in order to facilitate international capital raising, we underwent a reorganization between March 2023 and February 2025. ENIGMATIG LIMITED was incorporated in the Cayman Islands as our offshore holding company and became the ultimate holding company of our operating subsidiaries in Singapore, Hong Kong, mainland China, Seychelles and Belize.

We have adopted a dual-class
ordinary share structure and our ordinary shares are divided into Class A ordinary shares and Class B ordinary shares. Each Class A ordinary
share is entitled to one vote, and each Class B ordinary share is entitled to ten votes and is convertible into one Class A ordinary
share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.
All ordinary shares held by our founder Mr. Foo Chee Weng Desmond have been redesignated into Class B ordinary shares and he will accordingly
hold approximately [90.6]% of the voting power of our ordinary shares upon completion of this offering.

| 4 |

The chart below illustrates our corporate structure as of the date of this prospectus:

Notes:

1: Represents Class B ordinary shares held by Foo Chee Weng Desmond and his percentage ownership of the ordinary shares in ENIGMATIG LIMITED.

2: Represents Class A ordinary shares held by Teo Mingwen, Tay Chee Yang and certain other shareholders, and their aggregated percentage ownership of the ordinary shares in ENIGMATIG LIMITED.

3: Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to 10 votes and is convertible into one Class A ordinary share at any time by the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

Holding Company Structure

ENIGMATIG LIMITEDis an exempted company incorporated in the Cayman Islands with no material operations of its own. We conduct our operations primarily in Singapore, Hong Kong and mainland China through our operating subsidiaries. The Class A ordinary shares offered in this offering are shares of the Cayman Islands holding company, instead of shares of our operating subsidiaries. Investors in our Class A ordinary shares should