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

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 25
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 directors
on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures;
(ii) inadequate segregation of duties and effective risk assessment; (iii) insufficient written policies and procedures for accounting
and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines; and (iv) lack of internal
audit function due to the fact that the Company lacks qualified resources to perform the internal audit functions properly and that the
scope and effectiveness of the internal audit function are yet to be developed. The aforementioned material weaknesses were identified
by our chief executive officer in connection with the review of our financial statements as of March 31, 2025.

Changes
in Internal Control over Financial Reporting:

There
were no changes in our internal control over financial reporting during the quarter ended March 31, 2025, that have materially affected,
or are reasonably likely to materially affect, our internal control over financial reporting.

5

PART
II — OTHER INFORMATION

Item
1. Legal Proceedings

We
know of no materials, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings
or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any beneficial shareholder
are an adverse party or has a material interest adverse to us.

Item
1A. Risk Factors.

We
are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information
under this item.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item
3. Defaults Upon Senior Securities

None

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information.

None.

6

ITEM
6. Exhibits

    Exhibit
    No.
     
    Description

    31.1
     
    Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer*

    32.1
     
    Section 1350 Certification of principal executive officer *

    101.INS
     
    Inline
    XBRL Instance Document*

    101.SCH
     
    Inline
    XBRL Schema Document*

    101.CAL
     
    Inline
    XBRL Calculation Linkbase Document*

    101.DEF
     
    Inline
    XBRL Definition Linkbase Document*