Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 614

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 10
Chunk 614
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Incentive Bonus

The Board of Directors may grant incentive bonuses
to our executive officer and/or future executive officers in its sole discretion, if the Board of Directors believes such bonuses are
in the Company’s best interest, after analyzing our current business objectives and growth, if any, and the amount of revenue we
are able to generate each month, which revenue is a direct result of the actions and ability of such executives.

Long-term, Stock Based Compensation

In order to attract, retain and motivate executive
talent necessary to support the Company’s long-term business strategy we may award our executive and any future executives with
long-term, stock-based compensation in the future, at the sole discretion of our Board of Directors, which we do not currently have any
immediate plans to award.

15

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

As of December 31, 2024,
the Company has 57,680,500 shares of common stock issued and outstanding, which number of issued and outstanding shares of common stock
have been used throughout this report.

The following table sets
forth, as of December 31, 2024, certain information with regard to the record and beneficial ownership of the Company’s common stock
by (i) each person known to the Company to be the record or beneficial owner of more than 5% of the Company’s common stock, (ii)
each director of the Company, (iii) each of the named executive officers, and (iv) all executive officers and directors of the Company
as a group:

    Name
and Address of 
Beneficial Owner 
    Shares of Common
                                                                                Stock Beneficially
 Owned  
    Common Stock
                                                                                Voting Percentage
                                                                                Beneficially Owned  
    Total Voting
                                                                                                  Percentage
                                                                                                  Beneficially
                                                                                                  Owned

    Executive Officers and Directors 

    Nil 

    5% or greater shareholders (excluding officers/directors) 

    Worldory Sdn Bhd 
     38,000,000  
     65.88% 
     65.88%
  
    SEATech Ventures Corp. Address: 11-05 & 11-06, Tower A Ave 3, Vertical Business Suite, Jalan Kerinchi Bangsar South, 59200 Kuala Lumpur 
     8,500,000  
     14.74% 
     14