Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 206

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 206
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 |         |
| Staff cost     |     |                     | 136,855 |     |      | 172,182 |     |      |  79,574 |
| Staff bonus    |     |                     |  20,813 |     |      | 428,547 |     |      |       - |
| Other          |     |                     |  48,207 |     |      |  69,384 |     |      | 101,435 |
| Other payables |     |                     |       - |     |      | 114,786 |     |      |  56,951 |
|                |     |                     | 205,875 |     |      | 784,899 |     |      | 237,960 |

| 10 | Equity |

Ordinary shares

ENIGMATIG LIMITED (formerly known as Desfran Holdings Limited) is a holding company incorporated on May 30, 2023 under the laws of the Cayman Islands. The original authorized share capital of company was US$50,000 divided into 50,000,000 shares comprising 35,000,000 Class A ordinary shares of par value US$0.001 each and 15,000,000 Class B ordinary shares of par value US$0.001 each. Holders of Class A ordinary shares and Class B ordinary shares have the same rights except for voting and conversion rights. In respect of matters requiring the votes of stockholders, each share of Class A ordinary shares is entitled to one vote, and each share of Class B ordinary shares is entitled to ten votes. Class B ordinary shares are convertible into Class A ordinary shares at any time after issuance at the option of the holder on a one-to-one basis. Class A ordinary shares are not convertible into shares of any other class.

For the sake of undertaking a public offering of the Company’s ordinary shares, the Company has performed a series of re-organizing transactions resulting in 9,250,000 Class A ordinary shares and 15,750,000 Class B ordinary shares outstanding that have been retroactively restated to the beginning of the first period presented.

The Reorganization has been accounted for as a recapitalization among entities under common control since the same controlling shareholders controlled all these entities before and after the Reorganization. The consolidation of the Company and its subsidiaries has been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented