Company: EGG
Filing Date: 2025-04-24
Form Type: F-1/A
Source: 0001641172-25-005939
Chunk: 56

Company: ENIGMATIG LTD
Filing Date: 2025-04-24
Form: F-1/A
Chunk 56
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 payable by us and based upon an assumed initial offering price of US$4.5 per Class A ordinary shares (the mid-point of the estimated public offering price range shown on the front cover of this prospectus).

We currently intend to use the net proceeds from this offering for the following purposes:

| ● | approximately                                                                                           
 30% is expected to be used for research and development for software;                                   |
| ● | approximately                                                                                           
 40% is expected to be used for expansion through strategic acquisitions and investments. As of the date 
 of this prospectus, no acquisition target has been identified;                                          |
| ● | approximately                                                                                           
 25% is expected to be used for increasing sales and marketing capabilities; and                         |
| ● | the                                                                                                     
 balance of the net proceeds for other working capital and general corporate purposes.                   |

The amounts and timing of any expenditures will vary depending on the amount of cash generated by our operations, and the rate of growth, if any, of our business, and our plans and business conditions. The foregoing represents our current intentions with respect to the use and allocation of the net proceeds of this offering based upon our present plans and business conditions, but our management will have significant flexibility and discretion in applying the net proceeds of this offering. The occurrence of unforeseen events or changed business conditions may result in application of the proceeds of this offering in a manner other than as described in this prospectus.

Pending the use of the net proceeds of this offering, we intend to invest the net proceeds in short-term investment-grade, interest-bearing securities / short-term, interest-bearing, debt instruments or demand deposits.

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<div align='center'>DIVIDEND POLICY</div>

We currently anticipate that we will retain any future earnings for the operation and expansion of our business. Accordingly, we do not currently anticipate declaring or paying any cash dividends on our Class A ordinary shares for the foreseeable future. Any future determination relating to our dividend policy will be made at the discretion of our Board and will depend on then existing conditions. We may, by ordinary resolution, declare dividends at a general meeting of shareholders, but we are restricted from paying dividends in excess of the amount recommended by our Board. Under the Cayman Islands law, a Cayman Islands company may pay dividend on its shares out of either profit or share premium account, provided that in no circumstances may a dividend be paid if this would result in the company being unable to pay its debts due in the ordinary course of business.

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