Company: EGG
Filing Date: 2025-03-04
Form Type: DRS/A
Source: 0001493152-25-008991
Chunk: 104

Company: ENIGMATIG LTD
Filing Date: 2025-03-04
Form: DRS/A
Chunk 104
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 typically focus on specific niches in the financial market, offering innovative solutions and upgrading traditional financial services. According to the Frost & Sullivan report, in 2024, there were over 350 global fintech unicorns, or privately held startup companies valued at over USD1 billion, illustrating that the market is active and developing rapidly. Similar to the fintech market, participants within the regtech market include established financial institutions, technology companies, specialized regtech firms, and regulatory bodies. The key success factors in the fintech and regtech market include experienced professionals, innovative product design, comprehensive service types and strength of security and compliance capabilities.

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<div align='center'>BUSINESS</div>

Overview

We are an international consultancy firm providing one-stop cross-border licensing solutions and related services. Our services range from assisting clients incorporate companies in overseas jurisdictions and related corporate secretarial services to a wide range of licensing and regulatory maintenance services.

Our
corporate services income is mainly generated from fees we receive assisting our clients obtain, renew and comply with a range of
business licenses (primarily including brokerage licenses and other financial licenses) in a variety of jurisdictions (primarily in
London, Cyprus and Belize). In Fiscal 2022, Fiscal 2023 and Fiscal 2024, corporate services income from our licensing
services, together with related regulatory consultancy services was US$2,386,085, US$3,201,761 and US$2,128,485,
respectively, accounting for 84.6%, 69.5% and 53.6%, respectively, of our corporate services income for those periods. The
remainder of our corporate services income is derived from a wide range of corporate secretarial and other related services we
provide to our clients. In Fiscal 2022, Fiscal 2023 and Fiscal 2024, we recognized net profit of US$137,694, US$1,134,436 and US$821,192,
respectively. We believe the broad range of services we are able to offer our clients in the form of one-stop solutions represents a
key competitive advantage over our peer competitors.

Our
clients consist primarily of small and medium-sized corporations setting up contract for difference brokerage businesses, in particular
foreign exchange brokerage businesses in overseas jurisdictions. We had 87 clients from nine distinct jurisdictions in Fiscal 2022,
60 clients from 17 distinct jurisdictions in Fiscal 2023 and 55 clients from 15 distinct jurisdictions in Fiscal 2024. We
received a