Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 6

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 6
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 1 each
     
    Data
    Analytic Software Solution
  
    2.
    JHC
    Digital Sdn. Bhd.
     
    Kuala
    Lumpur, June 12, 2024
     
    10,000
    shares of ordinary share of Malaysian Ringgit RM1 each
     
    Trading
    of all kinds of goods online or offline, ecommerce, logistics activities, consulting services for software technology and software
    development.

For
purposes of consolidated financial statement presentation, Jocom Holdings Corp. and its subsidiaries are hereinafter referred to as the
“Company”.

    F-6

JOCOM
HOLDINGS CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

FOR
THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(Currency
expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis
of presentation

The
accompanying unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2025, and 2024 have
been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced
disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance
with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted.
Operating results for the period ended March 31, 2025, are not necessarily indicative of the results that may be expected for the year
ended December 31, 2025. The condensed consolidated balance sheet information as of December 31, 2024 was derived from the Company’s
audited Consolidated Financial Statements as of and for the year ended December 31, 2024. These financial statements should be read in
conjunction with that report.

The accompanying unaudited condensed consolidated
financial statements include the accounts of the Company and its wholly owned subsidiaries, which the
Company controls and entities for which the Company is the primary beneficiary. Acquired businesses are included in the consolidated
financial statements from the date on which control is transferred to the Company. All inter-company accounts and transactions have been
eliminated in the consolidation.

Basis
of consolidation

The
condensed consolidated financial statements include the accounts of the Company