Company: EGG
Filing Date: 2025-03-04
Form Type: DRS/A
Source: 0001493152-25-008991
Chunk: 72

Company: ENIGMATIG LTD
Filing Date: 2025-03-04
Form: DRS/A
Chunk 72
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552 |     |      |     1,748 |     |      |     5,818 |
| Operating lease expenses      |     |                                   |   142,626 |     |      |   115,059 |     |      |    95,532 |
| Other operating expenses      |     |                                   |   740,071 |     |      |   768,146 |     |      | 1,113,213 |
| Total                         |     |                                   | 1,065,584 |     |      | 1,655,364 |     |      | 1,641,008 |

Payroll and employee benefits. Payroll and employee benefits consisted of personnel-related expenses associated with our administration and finance and accounting team, including salaries, retirement expenses benefits and bonuses.

Depreciation expenses. Depreciation expenses primarily related to computers and other office equipment.

Operating lease expenses. Operating lease expenses primarily consisted of lease payments made in relation to our office premises in Singapore, London, Shanghai and Hong Kong. We have a non-cancellable lease for office premises at Scrutton Street in London with a lease term extending over two years. We also have a lease agreement for office premises at Jing ‘an District in Shanghai with a lease term of three years. We had another lease for office premises at Shenton House in Singapore with a renewed lease term of one year which expired in December 2024. In December 2024 we entered into a lease agreement for a new office at 16 Raffles Quay in Singapore with a lease term of three years. We had office premises in Hong Kong located at Queen’s Road Central with a lease term of four years which expired in February 2023. In March 2023 we entered into a lease agreement for a new office at Shing Yip Street in Hong Kong with a lease term of two years.

| 44 |

Other operating expenses. Other operating expenses primarily consisted of bad debts, consulting fees and professional fees. The following table sets forth components of our other operating expenses for the periods indicated:

|                           |     | For the years ended September 30, |         |     |      |         |     |      |           |
|                           |     |                              2022 |         |     | 2023 |         |     | 2024 |           |
|                           |     |                               US$ |         |     |  US$ |         |     |  US$ |           |
| Other operating expenses: |