Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 289

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 4
Chunk 289
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 the right in the future to
award the members of the Board of Directors cash or stock based consideration for their services to the Company, which awards, if granted
shall be in the sole determination of the Board of Directors.

Executive Compensation Philosophy

Our Board of Directors determines the compensation
given to our executive officers in their sole determination. Our Board of Directors reserves the right to pay our executive or any future
executives a salary, and/or issue them shares of common stock in consideration for services rendered and/or to award incentive bonuses
which are linked to our performance, as well as to the individual executive officer’s performance. This package may also include
long-term stock based compensation to certain executives, which is intended to align the performance of our executives with our long-term
business strategies. Additionally, while our Board of Directors has not granted any performance base stock options to date, the Board
of Directors reserves the right to grant such options in the future, if the Board in its sole determination believes such grants would
be in the best interests of the Company.

Incentive Bonus

The Board of Directors may grant incentive bonuses
to our executive officer and/or future executive officers in its sole discretion, if the Board of Directors believes such bonuses are
in the Company’s best interest, after analyzing our current business objectives and growth, if any, and the amount of revenue we
are able to generate each month, which revenue is a direct result of the actions and ability of such executives.

Long-term, Stock Based Compensation

In order to attract, retain and motivate executive
talent necessary to support the Company’s long-term business strategy we may award our executive and any future executives with
long-term, stock-based compensation in the future, at the sole discretion of our Board of Directors, which we do not currently have any
immediate plans to award.

15

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

As of December 31, 2024,
the Company has 57,680,500 shares of common stock issued and outstanding, which number of issued and outstanding shares of common stock
have been used throughout this report.

The following table sets
forth, as of December 31, 2024, certain information with regard to the record and beneficial ownership of the Company’s common stock
by (i) each person known to the Company to be the record or beneficial owner of more than 5% of the Company’s common stock, (