Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 617

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 10
Chunk 617
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 were sold at a price of $0.20 per share. The total proceeds to the Company amounted
to a total of $260,000 went to the Company to be used as working capital.

It should be noted that out of these 26 foreign parties,
1 individual namely Sew Wen Kuan is sibling of our Chief Executive Officer and Director, Mr. Sew Wen Chean.

On December 30, 2021 Ms. Chua Hwee Ping was appointed Chief Financial Officer
of the Company.

On December 30, 2021 Mr. Sew Wen Chean was appointed Chief Executive Officer
and Director of the Company.

As of December 31, 2022, expenses of $9,270 were paid
for by our directors, Ms. Chua Hwee Ping and Mr. Sew Wen Chean. As of December 31, 2021, a deposit of $579 was made by our director, Ms.
Chua Hwee Ping, for opening a Company bank account. The amounts are unsecured, interest-free and repayable on demand.

Our office and mailing address is Unit No. 11-1, Level
11, Tower 3, Avenue 3, Bangsar South, No. 8 Jalan Kerinchi, 59200, Kuala Lumpur. We lease our office space monthly at a cost of approximately
RM 7,716.80 (equal to approximately $1,681 USD as of year end rate). The office space is leased from Ms. Chua Hwee Ping, our Chief Financial
Officer, President, Secretary, Treasurer and Director.

Review, Approval and Ratification of Related Party
Transactions

Given our small size and limited financial resources,
we have not adopted formal policies and procedures for the review, approval or ratification of transactions, such as those described above,
with our executive officer(s), Director(s) and significant stockholders. We intend to establish formal policies and procedures in the
future, once we have sufficient resources and have appointed additional Directors, so that such transactions will be subject to the review,
approval or ratification of our Board of Directors, or an appropriate committee thereof. On a moving forward basis, our directors will
continue to approve any related party transaction.

17

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Below is the aggregate amount of fees billed for professional
services rendered by our principal accountants with respect to our last two fiscal years.

    For the Year
 Ended

December