Company: JOCM
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011600
Chunk: 39

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 39
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 laws of the United States of America. As of March 31, 2025, the
operations in the United States of America incurred $602,595 of cumulative net operating losses which can be carried forward to offset
future taxable income. The net operating loss carry forwards begin to expire in 2041, if unutilized.

Labuan

Under
the current laws of the Labuan, Jocom Holdings Corp.is governed under the Labuan Business Activity Act, 1990. The tax charge for such
company is based on 3% of net audited profit.

Malaysia
(Other than Labuan)

Under
the current laws of Malaysia, JHC Digital Sdn. Bhd. is governed under the Income Tax Act, 1967. The tax charge for such company is based
on 24% of net audited profit.

    F-14

JOCOM
HOLDINGS CORP.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(Currency
expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

10.
RELATED PARTY TRANSACTIONS

 SCHEDULE OF RELATED PARTY TRANSACTIONS 

    For
                                            the three months ended March
                                            31, 2025 (Unaudited)  
    For
                                            the twelve months ended December
                                            31, 2024 (Audited) 
  
    Jocom
    MShopping Sdn. Bhd.1 

    -
    Revenue 
    $-  
    $6,000 

    Khoo
    Ghi Geok 2 

    -
    Accounting Fee 
    $3,361  
    $10,500 

    1
     
    Mr.
    Joshua and Ms. Agnes, the Company Chief Executive Officer and Chief Financial Officer, are the directors of Jocom MShopping Sdn.
    Bhd.

    2
     
    Ms.
    Khoo Ghi Geok purchased a total of 10,000 shares of common stock in the Initial Public Offering at a price of $1.00 per share on
    August 20, 2023.

11.
COMMITMENTS AND CONTINGENCIES

As
of March 31, 2025, the Company has no commitments or contingencies involved.

12