Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 197

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 197
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 DESFRAN HOLDINGS LIMITED)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 2 | Summary of significant accounting policies (continued) |

Customers that consisted of more than 10% of total sales for the years ended September 30, 2024, 2023 and 2022 were as follow:

|            |     | Sales |       |   |     | Account receivables |   |
| 2024       |     |       |       |   |     |                     |   |
| Customer A |     |       | 27.73 | % |     |                     | - |
| Customer B |     |       | 20.13 | % |     |                     | - |
| Customer F |     |       | 11.36 | % |     |                     | - |
| 2023       |     |       |       |   |     |                     |   |
| Customer A |     |       | 30.87 | % |     |                     | - |
| Customer D |     |       | 23.78 | % |     |                     | - |
| Customer E |     |       | 15.27 | % |     |                     | - |
| 2022       |     |       |       |   |     |                     |   |
| Customer C |     |       | 32.98 | % |     |                     | - |
| Customer A |     |       | 13.27 | % |     |                     | - |

None of the suppliers consisted of more than 10% of total cost of sales for the years ended September 30, 2024, 2023 and 2022.

Employee benefits

Employee benefits are recognized as an expense, unless the cost qualifies to be capitalized as an asset.

Defined contribution plans

Defined contribution plans are post-employment benefit plans under which the Company pays fixed contributions into separate entities such as the Central Provident Fund on a mandatory, contractual or voluntary basis. The Company has no further payment obligations once the contributions have been paid.

The Company participates in the Mandatory Provident Fund (“MPF”) as defined by the laws of Hong Kong’s jurisdictions in which it has operations. Contributions to defined contribution pension schemes are recognized as an expense in the period in which the related service is performed.

The Company participates in the national pension schemes as defined by the laws of Singapore’s jurisdictions in which it has operations. Contributions to defined contribution pension schemes are recognized as an