Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 35

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 35
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 of our industries and adversely affect our financial
position and results of operations.

Fluctuations in foreign currency exchange rates will affect our financial results, which we report in U.S. Dollars.

We operate in multiple jurisdictions, which exposes
us to the effects of fluctuations in currency exchange rates. We earn revenue denominated in Vietnamese Dong, Indonesian Rupiah, Singapore
Dollars, Malaysia Ringgit and U.S. Dollars, among other currencies. We generally incur expenses for employee compensation and other
operating expenses in the local currencies in the jurisdictions in which we operate. Fluctuations in the exchange rates between the various
currencies that we use could result in expenses being higher and revenue being lower than would be the case if exchange rates were stable.
We cannot assure you that movements in foreign currency exchange rates will not have a material adverse effect on our results of operations
in future periods. We do not generally enter into hedging contracts to limit our exposure to fluctuations in the value of the currencies
that our businesses use. Furthermore, the substantial majority of our revenue is denominated in emerging markets currencies. Because fluctuations
in the value of emerging markets currencies are not necessarily correlated, there can be no assurance that our results of operations will
not be adversely affected by such volatility.

| 19 |

Restrictions on currency exchange in certain SEA markets may limit our ability to receive and use our revenue effectively.

The Company’s subsidiaries maintain its books
and record in US$. A large majority of our revenue and expenses are denominated in Indonesian Rupiah. In addition, the Company’s
subsidiaries are operating in the Republic of Vietnam, Malaysia and Indonesia and maintains its books and record in its local currency,
Vietnam Dong (“VND”), Malaysian Ringgit (“MYR”) and Indonesian Rupiah (“IDR”), respectively, which
are the functional currencies in which the subsidiary’s operations are conducted. If revenue denominated in any of these non-U.S. currencies
and U.S. Dollars increase or expenses denominated in such currencies decrease in the future, we may need to convert a portion of
our revenue into other currencies to meet our foreign currency obligations, including, among others, payment of dividends declared, if
any, in respect of our Common Stock. Although there are currently no foreign exchange control regulations in Singapore, which restrict
the ability of our subsidiary in Singapore to distribute dividends to us, the relevant regulations may be changed and the ability of our
subsidiary to distribute dividends to us may be restricted in