Company: JOCM
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-022470
Chunk: 12

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 12
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 the balance sheet dates. The resulting exchange differences are recorded
in the statements of operations.

Translation
of amounts from RM into US$1 has been made at the following exchange rates for the respective periods:

SCHEDULE OF EXCHANGE RATES 

    As of and for the 
nine months ended September 30, 2025  
    As of and for the 
twelve months ended 
December 31, 2024 

    Period-end RM : US$1 exchange rate 
     4.209  
     4.476 
  
    Period-average RM : US$1 exchange rate 
     4.324  
     4.563 

Related
parties

Parties,
which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control
the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also
considered to be related if they are subject to common control or common significant influence.

    F-9

JOCOM
HOLDINGS CORP.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

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

(UNAUDITED)

Fair
value of financial instruments:

The
carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable and accrued
liabilities approximate at their fair values because of the short-term nature of these financial instruments.

The
Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”),
with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy
that prioritizes the inputs used in measuring fair value as follows:

Level
1: Observable inputs such as quoted prices in active markets;

Level
2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level
3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Recent
accounting pronouncements

The
Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe