Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 65

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 65
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                     |    447,880 |   |     |               |  1,192,618 |   |     |      |  1,593,037 |   |
| SUPPLEMENTAL CASH FLOW INFORMATION:                                                         |     |                     |            |   |     |               |            |   |     |      |            |   |
| Cash paid for interest                                                                      |     |                     |          - |   |     |               |          - |   |     |      |          - |   |
| Cash paid for income taxes                                                                  |     |                     |          - |   |     |               |    214,802 |   |     |      |    483,662 |   |
| Non-cash operating and investing activities:                                                |     |                     |            |   |     |               |            |   |     |      |            |   |
| Accounts receivable collected on our behalf by shareholder                                  |     |                     |  1,579,519 |   |     |               |    740,161 |   |     |      |          - |   |
| Amount due from shareholder settled by digital assets                                       |     |                     |          - |   |     |               |  1,540,000 |   |     |      |    484,768 |   |

| 40 |

<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

You should read the following discussion and analysis of our financial condition and results of operations in conjunction with the section entitled “ Selected Consolidated Financial Data” and our consolidated financial statements and the related notes included elsewhere in this prospectus. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results and the timing of selected events could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under “ Risk Factors” and elsewhere in this prospectus.

Overview

ENIGMATIG LIMITED
is an international consultancy firm incorporated in the Cayman Islands with headquarters in Singapore. We are dedicated
to delivering one-stop cross-border financial licensing solutions and a wide range of related services. We conduct our operations primarily
in Singapore, Hong Kong and mainland China through our operating subsidiaries. We began our operations in 2010 when our first office
was founded in Singapore by Mr. Foo Chee Weng Desmond who has extensive experience in the financial industry. We have four (4