Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 62

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 62
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 of whether a judgment of a United States court based on such civil liability provisions of the securities laws of the United States, or any state or territory of the United States, is enforceable in Singapore.

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<div align='center'>CORPORATE HISTORY AND STRUCTURE</div>

Corporate Structure

ENIGMATIG
LIMITED (formerly known as Desfran Holdings Limited) was incorporated in the Cayman Islands on May 30, 2023 under the Companies Act as an exempted company with limited liability. The authorized share capital of ENIGMATIG LIMITED is currently US$50,000 divided into 25,000,000,000 shares of nominal or par value US$0.000002 each, comprising of (i) 17,500,000,000 Class A ordinary shares of nominal or par value of US$0.000002 each, and (ii) 7,500,000,000 Class B ordinary shares of nominal or par value of US$0.000002 each. Prior to a group reorganization, our Group comprised of our operating subsidiaries in Singapore, Hong Kong, mainland China, Belize and Seychelles.

As part of our reorganization, Enigmatig (BVI) Limited (formerly known as Desfran Limited), or Enigmatig BVI, was incorporated in the BVI on October 27, 2022, 50,000 shares of which were issued to Mr. Foo Chee Weng Desmond, our chairman of the board of directors and chief executive officer at incorporation. Enigmatig BVI acquired (a) 100% of the shares in the issued and paid-up share capital of Enigmatig Singapore, pursuant to a share transfer agreement dated May 4, 2023 between Foo Chee Weng, Desmond and Enigmatig BVI and to be recorded in a deed of assignment between Foo Chee Weng, Desmond and Enigmatig BVI; (b) 100% interest of Enigmatig HK, pursuant to a share transfer agreement dated February 7, 2023 entered into with Foo Chee Weng, Desmond; and (c) 100% interest of Enigmatig Seychelles, pursuant to a share transfer agreement dated November 1, 2022 entered into with Foo Chee Weng, Desmond. Enigmatig BVI has entered into a share transfer agreement dated September 3, 2023 with Foo Chee Weng, Desmond to acquire 100% interest in