Company: EGG
Filing Date: 2025-03-04
Form Type: DRS/A
Source: 0001493152-25-008991
Chunk: 94

Company: ENIGMATIG LTD
Filing Date: 2025-03-04
Form: DRS/A
Chunk 94
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 based on Frost & Sullivan’s research database. The Frost & Sullivan report was compiled based on the following assumptions: (i) the social, economic and political environment of the globe and Singapore is likely to remain stable in the forecast period; and (ii) related industry key drivers are likely to drive the market in the forecast period.

MACRO ECONOMY OVERVIEW

Overview of Global Financial Centers

Global financial centers have the predominant commercial platforms where people conduct huge volumes of international and domestic trading transactions. The world’s most important financial centers include, among others, the following:

● Singapore is the global financial hub located in Asia-Pacific region with conducive business environment, strategic geographic location, and diverse financial services industry. Singapore requires relatively short period of license applications for activities in the capital markets, banking, insurance, and other financial sectors, which allow firms to quickly set up their operations in Singapore.

● Hong Kong is a special administrative region (SAR) of the People’s Republic of China. Hong Kong has a free market economy in which the prices of goods and services are determined in a free price system;

● London is the most connected worldwide financial center, providing unrivalled access to global markets. London owns a diverse pool of financial and professional services specialists, with deep linkages to almost every economy globally;

● New York is one of the leading financial and cultural centers of the world, holding the two largest stock exchanges in the world;

● Shanghai’s position as a global financial center will bring enormous economic benefits, such as increased geopolitical power and jobs to China, and developing Shanghai into an international financial center is an essential part of China’s economic agenda. In addition to the growth of the financial sector, broad positive spillover effects, like the dramatic growth of related industries interlinked with the financial sector, collectively contribute to the development of Shanghai; and

● The Dubai International Financial Centre, or DIFC, has successfully positioned itself as a leading financial services jurisdiction and not just for local business. In addition to being a home of wealth for Gulf Cooperation Council, it is also attractive as a hub jurisdiction for international investments as it locates between Europe, Africa, and Asia.

Overview of Global Offshore Financial Centers

An offshore financial center, or OFC, is defined as a country or jurisdiction that makes available financial services to non-residents with the purpose of circumventing aspects of the non-resident’s home country or jurisdiction. Prominent offshore financial centers include Belize, the British Virgin Islands and the Cayman Islands, among others.

GLOBAL AND