Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 58

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 58
---
)                                                                               |     |                          | 1,780,528 |     |             | 16,704,217 |

*
Retroactively presented for the reorganization exercise described in Note 1 of the consolidated financial statements.

| 33 |

<div align='center'>DILUTION</div>

If you invest in our Class A ordinary shares in this offering, your interest will be diluted immediately to the extent of the difference between the initial public offering price per ordinary share you will pay in this offering and the as adjusted net tangible book value per share of our Class A ordinary shares after giving effect to this offering. Our historical net tangible book value as of September 30, 2024 was approximately US$1,780,528, or US$0.07 per share. Historical net tangible book value per share represents the amount of our total tangible assets less total liabilities, divided by the number of shares of our ordinary shares outstanding on September 30, 2024.

After giving effect to the assumed sale of our Class A ordinary shares in the aggregate amount of US$15,000,000 in this offering at an assumed offering price of US$4.50 per share, which is the average of the high and low prices of the range set forth on the cover of this prospectus, and after deducting estimated offering commissions and expenses payable by us, our net tangible book value as of September 30, 2024, would have been approximately US$16,704,217, or US$0.58 per share. This represents an immediate increase in as adjusted net tangible book value per share of US$0.51 to existing stockholders and immediate decrease of US$3.92 per share in as adjusted net tangible book value per share to new investors participating in this offering. The following table illustrates this per share dilution to investors participating in this offering:

| Assumed                                                       
 initial public offering price per Class A ordinary share      |     | US$ | 4.50 |
| Net                                                           
 tangible book value per share as of September 30, 2024        |     | US$ | 0.07 |
| Increase                                                      
 per share attributable to payments by new investors           |     | US$ | 0.51 |
| As                                                            
 adjusted net tangible book value per share after the offering |     | US$ | 0.58 |
| Dilution                                                      
 per share attributable to new investors in the offering       |     | US$ | 3.92 |

A US