Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 31

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 31
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 achieve corporate services income growth at scale, or we are unable to maintain and enhance our profitability and liquidity, our business, financial condition, and results of operations may be materially and adversely affected.

We recorded net current liabilities and a total shareholders’ deficit in the past and may continue to record net current liabilities and a total shareholders’ deficit in the future, which could expose us to liquidity risks.

We had net current liabilities
of US$522,853 and total shareholders’ deficits of US$344,809 as of September 30, 2022. Although we had net current assets
of US$695,971 and US$1,686,894 as of September 30, 2023 and 2024, respectively and total shareholders’ equity of US$812,677
and US$1,780,528 as of September 30, 2023 and 2024, respectively, we may record net current liabilities and a total shareholders’
deficit in the future, which could expose us to liquidity risks. A net current liabilities position could expose us to the risk of shortfalls
in liquidity, in which case our ability to raise funds, obtain bank loans and declare and pay dividends would be materially and adversely
affected. Our liquidity position is dependent on, among other factors, our ability to grow our business and extend our service offering
to existing customers and expand our customer base, but we cannot assure you that our business and customer base will maintain the growth
momentum. If we have net current liabilities in the future, our working capital for operations or business expansion plans could be limited
and our business, financial position and results of operations could be materially and adversely affected.

Certain data and information in this prospectus were obtained from third-party sources and were not independently verified by us.

This prospectus contains certain data and information that we obtained from various government and private entity publications and reports, including the Frost & Sullivan report which we commissioned. Statistical data in these publications also include projections based on a number of assumptions. While we have not independently verified the data and information contained therein and such data and information may have been collected using third-party methodologies, we believe that the data and information, including projections based on a number of assumptions, from these third-party publications and reports used in this prospectus is reliable. However, the industries in which we operate may not grow at the rate projected by market data, or at all. Failure of these industries to grow at the projected rate may have a material adverse effect on our business and