Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 207

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 2
Chunk 207
---
:
    Chief Executive Officer, Director

20

INDEX TO FINANCIAL STATEMENTS

    Page
  
    Financial Statements

    Report of Independent Registered Public Accounting Firm
    F-2

    Consolidated Balance Sheets
    F-3

    Consolidated Statements of Operations and Comprehensive Loss
    F-4

    Consolidated Statements of Changes in Stockholders’ Equity
    F-5

    Consolidated Statements of Cash Flows
    F-6

    Notes to Consolidated Financial Statements
    F-7 - F-16

F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

The Board of Directors and Stockholders of

Jocom Holdings Corp.

Unit No. 11-1, Level 11, Tower 3, Avenue 3

Bangsar South, No. 8, Jalan Kerinchi

59200 Kuala Lumpur, Malaysia

Opinion on the Financial Statements

We
have audited the accompanying consolidated balance sheets of Jocom Holdings Corp. (the ‘Company’) as of December 31, 2024
and 2023, and the related consolidated statements of operations and comprehensive income/(loss),
consolidated statements of changes in stockholders’ equity, and consolidated
statements of cash flows for the each of the years in the two-year period ended December 31, 2024 and 2023, and the related notes
(collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all
material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its
cash flows for the each of the years in the two-year period ended December 31, 2024 and 2023, in conformity with accounting principles
generally accepted in the United States of America.

Subtantial Doubt About the Entity’s Ability
to continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.
As discussed in Note 2 to the financial statements, as of 31 December 2024, the Company
suffered an accumulated losses of $644,528 and having capital deficiency of
$68,561. These factors raise substantial doubt
about the Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also described
in Note 2. The financial statements do not include any