Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 137

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 1B
Chunk 137
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3 
  
    Jocom MShopping Sdn. Bhd.1 

    - Revenue 
    $6,000  
    $24,000 

    Joshua Sew 2 

    - IT Advisory Fee 
    $-  
    $7,035 
  
    Khoo Ghi Geok 3 

    - Accounting Fee 
    $10,500  
    $14,000 

    1
     
    Mr. Joshua and Ms. Agnes, the Company Chief Executive Officer and Chief Financial Officer, are the directors of Jocom MShopping Sdn. Bhd.

    2
     
    Mr. Joshua Sew is the Company Chief Executive Officer.

    3
     
    Ms. Khoo Ghi Geok purchased a total of 10,000 shares of common stock in the Initial Public Offering at a price of $1.00 per share on August 20, 2023.

13. COMMITMENTS AND CONTINGENCIES

As of December 31, 2024, and December 31, 2023, the
Company has no commitments or contingencies involved.

14. CONCENTRATION OF RISK

The Company is exposed to the following concentration
of risk:

(a) Major customers

For the year ended December 31, 2024 and 2023, the
customers who accounted for 10% or more of the Company’s revenue and its accounts receivable balance at year end are presented as
follows:

 SCHEDULE OF CUSTOMER CONCENTRATION RISK 

    For the year ended December 31, 2024  
    For the year ended December 31, 2023 

    Revenue  
    Percentage of revenue  
    Account Receivable-Trade  
    Revenue  
    Percentage of revenue  
    Account Receivable-Trade 

    Customer A 
    $6,000  
     25% 
    $            -  
    $24,000  
     100% 
    $       - 
  
    Customer B 
    $18,000  
     75% 
    $-  
    $-  
     -  
    $- 

    $24,000  
     100% 
    $-  
    $24,000  
     100% 
    $- 

(b) Major suppliers

For the year ended