Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 116

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 1B
Chunk 116
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. Prior to the acquisition of the Malaysia Company, it was solely controlled by Ms. Chua Hwee Ping. In
consideration of the equity interests of Jocom Holdings Corp., Ms. Chua Hwee Ping was compensated $100 USD.

Between the period of January 8, 2021 to June 1, 2021,
the Company sold shares of common stock to 6 foreign parties, all of which do not reside in the United States. A total of 53,900,000 shares
of restricted common stock were sold at a price of $0.0001 per share. The total proceeds to the Company amounted to a total of $5,400
went to the Company to be used as working capital.

Between the period of June 20, 2021 to July 21, 2021,
the Company issued 2,300,000 shares of restricted common stock to 23 foreign parties, all of which do not reside in the United States.
A total of 2,300,000 shares of restricted common stock were sold at a price of $0.10 per share. The total proceeds to the Company amounted
to a total of $230,000 went to the Company to be used as working capital.

It should be noted that out of these 23 foreign parties,
4 individuals namely Sew Wen Farn, Sew Wen Kuan, Sew Wen Tak and Sew Wen Ya are siblings of our Chief Executive Officer and Director,
Mr. Sew Wen Chean.

Between the period of July 25, 2021 to September 10,
2021, the Company issued 1,300,000 shares of restricted common stock to 26 foreign parties, all of which do not reside in the United States.
A total of 1,300,000 shares of restricted common stock were sold at a price of $0.20 per share. The total proceeds to the Company amounted
to a total of $260,000 went to the Company to be used as working capital.

It should be noted that out of these 26 foreign parties,
1 individual namely Sew Wen Kuan is sibling of our Chief Executive Officer and Director, Mr. Sew Wen Chean.

On December 30, 2021 Ms. Chua Hwee Ping was appointed Chief Financial Officer
of the Company.

On December 30, 2021 Mr. Sew Wen Chean was appointed Chief Executive Officer
and Director of the Company.

As of December 31, 2022, expenses of