Company: EGG
Filing Date: 2025-04-24
Form Type: F-1/A
Source: 0001641172-25-005939
Chunk: 69

Company: ENIGMATIG LTD
Filing Date: 2025-04-24
Form: F-1/A
Chunk 69
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 1,405,245 |     |      | 1,841,464 |
| Total                                    |     |                     | 2,821,504 |     |      | 4,607,006 |     |      | 3,967,802 |

Corporate services income by geographical location

We book our corporate services income primarily in relation to the office in which we contract with our clients and in which the services are performed. Prior to July 2022, our headquarters were located in Hong Kong and the majority of our business was booked out of Hong Kong. In July 2022, we moved our corporate headquarters to Singapore, where the majority of our employees currently reside, and the majority of our new contracts are entered into with Enigmatig Singapore. However, we have opted to continue to service certain clients in Hong Kong, in particular Hong Kong-based clients who prefer to engage with our Hong Kong entity.

The following table sets forth a breakdown of our corporate services income by geographic location for the periods indicated:

|                |     | For the years ended September 30, |           |     |      |           |     |      |           |
|                |     |                              2022 |           |     | 2023 |           |     | 2024 |           |
|                |     |                               US$ |           |     |  US$ |           |     |  US$ |           |
| Singapore      |     |                                   | 1,232,075 |     |      | 4,346,801 |     |      | 3,277,969 |
| Hong Kong      |     |                                   | 1,565,628 |     |      |   231,379 |     |      |   663,591 |
| Mainland China |     |                                   |    23,801 |     |      |    28,826 |     |      |    26,242 |
| Total          |     |                                   | 2,821,504 |     |      | 4,607,006 |     |      | 3,967,802 |

Cost of Sales

Our cost of sales comprises mainly cost of corporate secretarial and other services, cost of license application and renewal services and staff costs. In Fiscal 2022, Fiscal 2023 and Fiscal 2024, our cost of sales was US$1,590,575, US$1,472,190, and US$1,304,075, respectively.