Company: EGG
Filing Date: 2025-03-04
Form Type: DRS/A
Source: 0001493152-25-008991
Chunk: 113

Company: ENIGMATIG LTD
Filing Date: 2025-03-04
Form: DRS/A
Chunk 113
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 our two largest clients in Fiscal 2022, Fiscal 2023 and
Fiscal 2024, is stable. However, due to the nature of our business, we would normally expect a large part
of our corporate services income to come from different clients every year, in particular from new clients who require a greater number
of services. As our new clients increase and we continue to grow our business by increasing the scale of our current operations and expanding
into new services and geographic jurisdictions, we anticipate a reduction in client concentration in the future.

Marketing

Most of our new clients have been generated through referrals from existing or former clients, business partners and other third-parties with whom we work. As such, we believe the key to our marketing efforts is:

| ● | maintaining                                                                                       
 the                                                                                               
 high quality of our services and close relationships with our existing clients; and               |
| ● | maintaining                                                                                       
 and                                                                                               
 expanding our range of corporate services and continuing to push these services to existing       
 clients. We assign a relationship manager for all existing customers to maintain our relationship 
 and serve as a point of contact.                                                                  |

In addition to referrals, we participate in a variety of monthly networking events and run a booth and present at various industry expos in order to directly engage with potential customers and raise awareness of our brand. We also engage in limited on-line advertising, primarily through purchase of search engine marketing and use of search engine optimization services.

We maintain a website at www.enigmatig.com. The information contained in, or accessible through, the website is not incorporated into this prospectus or the registration statement of which it forms a part.

We currently aim to grow our client base and grow our business by expanding the fintech services we offer, hiring additional employees and opening new offices in additional jurisdictions. In particular, we aim to hire additional employees with IT expertise and additional business relationship managers who will help with business development and increase our capacity to offer our traditional licensing services. We currently plan to hire an additional four business relationship managers within a year of our listing.

Competition

We offer a range of services in the financial licensing solutions industry, the corporate secretarial services industry and, increasingly, in the financial technology (including regulatory technology) industry. The markets for services in these industries is relatively fragmented and highly competitive. With respect to services provided to small- and medium-sized corporate clients, we largely compete with small, single-office independent professionals and professional service firms such as local law firms and accountancy firms. We believe the principal competitive factors in