Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 440

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 7
Chunk 440
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 is registered in the State of Nevada and
is subject to the tax laws of the United States of America. As of December 31, 2024, the operations in the United States of America incurred
$598,731 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carry
forwards begin to expire in 2041, if unutilized.

Labuan

Under the current laws of the Labuan, Jocom Holdings
Corp.is governed under the Labuan Business Activity Act, 1990. The tax charge for such company is based on 3% of net audited profit.

Malaysia (Other than Labuan)

Under the current laws of Malaysia, JHC Digital Sdn. Bhd. is governed under the Income Tax Act, 1967. The tax charge
for such company is based on 24% of net audited profit.

    F-14

JOCOM HOLDINGS CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED DECEMBER
31, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”),
except for number of shares)

12. RELATED PARTY TRANSACTIONS

 SCHEDULE OF RELATED PARTY TRANSACTIONS 

    As of December 31, 2024  
    As of December 31, 2023 
  
    Jocom MShopping Sdn. Bhd.1 

    - Revenue 
    $6,000  
    $24,000 

    Joshua Sew 2 

    - IT Advisory Fee 
    $-  
    $7,035 
  
    Khoo Ghi Geok 3 

    - Accounting Fee 
    $10,500  
    $14,000 

    1
     
    Mr. Joshua and Ms. Agnes, the Company Chief Executive Officer and Chief Financial Officer, are the directors of Jocom MShopping Sdn. Bhd.

    2
     
    Mr. Joshua Sew is the Company Chief Executive Officer.

    3
     
    Ms. Khoo Ghi Geok purchased a total of 10,000 shares of common stock in the Initial Public Offering at a price of $1.00 per share on August 20, 2023.

13. COMMITMENTS AND CONTINGENCIES

As of December 31, 2024, and December 31,