Company: EGG
Filing Date: 2025-03-04
Form Type: DRS/A
Source: 0001493152-25-008991
Chunk: 203

Company: ENIGMATIG LTD
Filing Date: 2025-03-04
Form: DRS/A
Chunk 203
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                     | 147,719 |     |      | 114,892 |     |      | 108,754 |
| Other receivables |     |                     |   5,522 |     |      |  33,889 |     |      |  21,871 |
|                   |     |                     | 153,241 |     |      | 148,781 |     |      | 130,625 |

Prepayments included primarily prepaid operating expenses of foreign operation.

| 7 | Digital assets |

The following table summarizes the Company’s digital asset holdings:

| Number of USDT held          |     | As of September, 30 
 2024                | - |     | 2023 | 1,160,875 |     | 2022 | - |
|:-----------------------------|:----|:--------------------|:--|:----|:-----|----------:|:----|:-----|:--|
| Digital asset carrying value |     | $                   | - |     | $    | 1,160,875 |     |      | - |
| Digital asset fair value     |     | $                   | - |     | $    | 1,160,875 |     |      | - |

The Company accepts USDT from clients due to its high liquidity and stable value. To facilitate these transactions, the Company has established a multi-currency account with a regulated digital assets exchange in Singapore, specifically for receiving USDT. These funds are subsequently converted back to fiat currency in batches. The Finance department oversees the account, and all transactions require two-factor authentication for added security.

The following table presents the USDT activities for the years ended September 30, 2024 and 2023:

| Balance at September 30, 2022                         |     | Number of USDT |          - |   |
|:------------------------------------------------------|:----|:---------------|-----------:|:--|
| Amount due from shareholder settled by digital assets |     |                |  1,540,000 |   |
| Sales of digital assets                               |     |                |   (379,125 | ) |
| Balance at September 30, 2023                         |     |                |  1,160,875 |   |
| Amount due from shareholder settled by digital asset  |     |                |    484,768 |   |
| Converted to fiat                                     |     |                | (1,645,643 | ) |
|