Company: EGG
Filing Date: 2025-03-28
Form Type: F-1
Source: 0001641172-25-001072
Chunk: 104

Company: ENIGMATIG LTD
Filing Date: 2025-03-28
Form: F-1
Chunk 104
---
 Physical                                                                                                                                 
 presence. While many of our competitors only maintain offices in the markets from which their customers come, our additional             
 presence in the financial markets in which our customers incorporate and operate their oversees businesses provides us a key competitive 
 advantage in several jurisdictions in which we operate. Our offices and local staff are able to apply for licenses for our clients,      
 serve as a point of contact for new clients and marketing initiatives and do the groundwork in significant jurisdictions for office      
 rental and set-up, back-office operations and other maintenance services. Close physical proximity also allows us to easily keep         
 abreast of market developments and trends and communicate and meet with regulators as needed.                                            |
| ● | Experienced                                                                                                                              
 and highly-qualified management team. Our management team has significant experience offering licensing and management consultancy       
 services. Mr. Foo Chee Weng Desmond, one of our founders and our chairman of the board of directors and chief executive officer since    
 our inception, has more than 15 years of experience in the finance industry. He is responsible for our overall strategic development     
 and operation. In addition members of our management team, including Mr. Foo Chee Weng Desmond and Mr. Mingwen Teo, one of our Directors 
 and our chief financial officer since our inception have amassed significant experience servicing clients in the foreign exchange        
 brokerage business, providing them key insights into the challenges and needs of our clients.                                            |

| 62 |

Our Strategies

Our corporate services income has been largely stable over the last five years, except for the period in which C OVID-19 affected out business. Our goal is to inject additional vigour and growth into our business by increasing the scale of our current operations and expanding into new services and geographic jurisdictions. We intend to pursue the following strategies to achieve this goal:

Expand into new markets

As of the date of this prospectus, we had offices in Singapore, Hong Kong, London and Shanghai and otherwise maintained a physical presence in Bangkok. Historically, most of our clients have come from Hong Kong, South East Asia and mainland China. We are currently planning to expand our physical presence into a number of additional locations, including Dubai, Taipei, Kuala Lumpur, Ho Chi Minh City and Jakarta. We believe, based on current customers and enquiries we receive, that there is significant demand for us to expand into these jurisdictions. This will allow us to be able to adapt to local cultures and norms quicker, as well as to be more on the ground to pick up the latest trends, enabling us to adapt quicker than our