Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 13

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 13
---
 Limited acquired 100% of the outstanding capital stock of Vietnam International Travel and
Service Joint Stock Company, a Vietnam travel agency.

On
November 15, 2023, SOPA restructured the group of entities by transferring the Nusatrip International Pte. Ltd. and its subsidiaries
to Nusatrip Inc to form a group for the travel agency business.

On
May 22, 2025, the Company’s 99% owned subsidiary Nusatrip International Pte. Ltd. acquired 100% of the outstanding capital stock
of Nusatrip Technology (Beijing) Co., Ltd. (“NTBJ”), a company existing under the law of the Republic of China, and both
engaged in online ticketing and reservation services.

On
July 2, 2025, the Company’s 99% owned subsidiary, Nusatrip International Pte. Ltd. (“NIPL”), acquired 100% of the outstanding
capital stock of Nusatrip (Hong Kong) Limited (“NTHK”) for HK$1. NTHK, incorporated under the laws of the Hong Kong Special
Administrative Region of the People’s Republic of China, and both engaged in online ticketing and reservation services.

    7

On
September 1, 2025, the Company’s 99% owned subsidiary, Nusatrip International Pte. Ltd. (“NIPL”), acquired 100% of
the outstanding capital stock of Nusatrip Comm Pte. Ltd. (“NCPL”) for S$10,000. NCPL, incorporated under the laws of Singapore,
is engaged in telecommunication resellers, while NIPL is principally engaged in online ticketing and reservation services.

Upon
the completion of the Reorganization on May 22, 2023, these entities, through the Company, are under common control by the same beneficiary
party, SOPA. Accordingly, the combination has been treated as entities under common control and thus the current capital structure has
been retroactively presented in prior periods, from January 1, 2021, as if such structure existed at that time and in accordance with
ASC 805-50-45-5, the entities under common control are presented on a combined basis for all periods to which such entities were under
common control.

Immediately
before and as contemplated by the Reorganization, the Company is legally formed and ultimately controlled by SOPA. As such, the accompanying
carve-out