Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 212

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 2
Chunk 212
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    $(21,091)
  
    Proceeds from issuance of common stocks 
    $-  
    $80,500 
  
    Net cash provided by financing activities 
    $-  
    $59,409 

    Effect of exchange rate changes on cash and cash equivalent 
    $67  
    $- 

    Net increase/(decrease) in cash and cash equivalents 
    $2,347  
    $(55,909)
  
    Cash and cash equivalents, beginning of year 
    $134  
    $56,043 
  
    CASH AND CASH EQUIVALENTS, END OF THE YEAR 
    $2,481  
    $134 
  
    SUPPLEMENTAL CASH FLOWS INFORMATION 

    Income taxes paid 
    $-  
    $- 
  
    Interest paid 
    $-  
    $- 

See accompanying notes to consolidated financial statements.

F-6

JOCOM HOLDINGS CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED DECEMBER 31,
2024 AND 2023

(Currency expressed in United States Dollars (“US$”),
except for number of shares)

1. DESCRIPTION OF BUSINESS AND ORGANIZATION

Jocom Holdings Corp. was incorporated
on January 8, 2021 under the laws of the state of Nevada.

The Company, through its
subsidiary, engaged in providing data analytic services, which cover customer behavior and predictive
customer analysis.

On April 15, 2021, the Company
acquired 100% of the equity interests in Jocom Holdings Corp. (herein referred as the “Malaysia Company”), a private limited
company incorporated in Labuan, Malaysia. In consideration of the equity interests of Jocom Holdings Corp., Ms. Chua was compensated $100
USD.

On June 12, 2024, Jocom Holdings
Corp, its wholly owned subsidiary, acquired 100% of the equity interests in JHC Digital Sdn. Bhd. (herein referred as the “Malaysia
Company”), a private limited company incorporated in Kuala Lumpur, Malaysia. In consideration of the equity interests of JHC Digital
Sdn Bhd., Ms. Chua was compensated $2,120 USD.

Details of the Company’s subsidiaries:

 SCHEDULE OF COMPANY SUBSIDIARIES 

    Company name
     
    Place/date of