Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 156

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 156
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 to customers.

The
Reorganization transactions are completed as of the date these carve-out combined and consolidated financial statements were available
to be issued:

The
Company’s ultimate holding company is Society Pass Incorporated (“SOPA”), which is incorporated in State of Nevada
on September 22, 2018 and is currently listed on the Nasdaq Exchange under a ticker of SOPA.

On
August 15, 2022, SOPA acquired 75% of the outstanding capital stock of Nusatrip International Pte Ltd. (“NIPL”) and also
purchased all of the outstanding capital stock of PT Tunas Sukses Mandiri (“PTTSM”), a company existing under the law of
the Republic of Indonesia, and both engaged in online ticketing and reservation services.

On
February 23, 2023, SOPA acquired additional issued capital in Nusatrip International Pte Ltd of 2,225,735 number of ordinary stock and
increased its shareholding from 75% to 99%, and to the subsidiaries within the group. At the same time, Nusatrip International Pte Ltd
acquired 99.96% of the issue share capital of PT Tunas Sukses Mandiri from SOPA.

35

On
April 1, 2023, Nusatrip International Pte. Ltd. acquired 100% of the outstanding capital stock of Mekong Leisure Travel Company Limited
(changed business nature from Join Stock Company), a Vietnam travel agency.

On
May 22, 2023, SOPA incorporated a new subsidiary Nusatrip Inc in Nevada, United States of America and owing 100% of capital stock.

On
July 1, 2023, Mekong Leisure Travel Company Limited acquired 100% of the outstanding capital stock of Vietnam International Travel and
Service Joint Stock Company, a Vietnam travel agency.

On
November 15, 2023, SOPA restructured the group of entities by transferring the Nusatrip International Pte Ltd and its subsidiaries to
Nusatrip Inc to form a group for the travel agency business.

On
May 22, 2025, the Company’s 99% owned subsidiary Nusatrip International Pte. Ltd. acquired 100% of the outstanding capital stock
of Nusatrip Technology (Beijing) Co., Ltd. (“NTBJ”), a company existing under the law of the Republic of China, and both
engaged