Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 159

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 159
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 income. As the precise status of each prospective investor will vary from one another, each prospective investor should consult an independent tax advisor on the Singapore income tax and other tax consequences that will apply to their individual circumstances.

Subject to certain conditions being satisfied and Section 10L of the ITA, gains derived by a company (“divesting company”) from the disposal of our Class A ordinary shares during the period between June 1, 2012 and December 31, 2027 (inclusive of both dates) will be exempt under Section 13W of the ITA from Singapore income tax, if the divesting company legally and beneficially owned at least 20% of our ordinary shares and such ordinary shares have been legally and beneficially held by the divesting company for a continuous minimum period of 24 months ending on the date immediately prior to the date of such disposal. The exemption prescribed under Section 13W of the ITA is not applicable under the following scenarios:

| (i)  | is                                                                 
 in the business of trading Singapore immovable properties; or      |
| (ii) | principally                                                        
 carries on the activity of holding Singapore immovable properties, |
|      | other than property development, where the shares are              
 not listed on a stock exchange in Singapore or elsewhere;          |

| (i)   | is                                                                                                     
 in the business of trading immovable properties situated whether in Singapore or elsewhere;            |
| (ii)  | principally                                                                                            
 carries on the activity of holding immovable properties situated whether in Singapore or elsewhere; or |
| (iii) | has                                                                                                    
 undertaken property development in Singapore or elsewhere, except where:                               |

| (A) | the                                                                                                                                
 immovable property developed is used by the company to carry on its trade or business (including the business of letting immovable 
 properties), not being a business mentioned in subparagraph (c)(i); and                                                            |
| (B) | the                                                                                                                                
 company did not undertake any property development in Singapore or elsewhere for a period of at least 60 consecutive months before 
 the disposal of shares; or                                                                                                         |

| (d) | the                                                                                                                                
 disposal(s) of shares by a partnership, limited partnership and limited liability partnership one or more of the partners of which 
 is a company or are companies.                                                                                                     |

Under Section 10L of the ITA, gains from the sale or disposal of our Class A ordinary shares by an entity which is a member of a group of entities, where (i) the entities