# EDGAR Filing Document

**Accession Number:** 0002099952
**File Stem:** 0001493152-26-027699
**Filing Date:** 2026-6
**Character Count:** 1108582
**Document Hash:** c12a1d337e564063787366202686cd44
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-027699.hdr.sgml**: 20260608

**ACCESSION NUMBER**: 0001493152-26-027699

**CONFORMED SUBMISSION TYPE**: F-1

**PUBLIC DOCUMENT COUNT**: 49

**FILED AS OF DATE**: 20260608

**DATE AS OF CHANGE**: 20260608

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Star Integratia Ltd
- **CENTRAL INDEX KEY:** 0002099952
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PERSONAL SERVICES [7200]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** F-1
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-296587
- **FILM NUMBER:** 261072267

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 62 UBI ROAD 1, #06-03, OXLEY BIZHUB 2
- **CITY:** SINGAPORE
- **PROVINCE COUNTRY:** U0
- **ZIP:** 408734
- **BUSINESS PHONE:** 65 9837 5616

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 62 UBI ROAD 1, #06-03, OXLEY BIZHUB 2
- **CITY:** SINGAPORE
- **PROVINCE COUNTRY:** U0
- **ZIP:** 408734

**As filed with the Securities and Exchange Commission on June 8, 2026.**

**Registration No. 333-[ ]**

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION** **<br> WASHINGTON, D.C. 20549**

**FORM F-1** **<br> REGISTRATION STATEMENT<br> *UNDER THE SECURITIES ACT OF 1933***

**Star Integratia Limited** ****<br> (Exact name of Registrant as specified in its charter)

**Not Applicable**<br> (Translation of Registrant's name into English)

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| | | |
|:---|:---|:---|
| **Cayman Islands** | **7200** | **Not Applicable** |
| (State or other jurisdiction of<br> incorporation or organization) | (Primary Standard Industrial<br> Classification Code Number) | (I.R.S. Employer<br> Identification Number) |

---

**62 Ubi Road 1, #06-03, Oxley Bizhub 2, Singapore 408734**

****<br> (Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices)

**COGENCY GLOBAL INC.<br> 122 East 42<sup>nd</sup> Street, 18<sup>th</sup> Floor<br> New York, NY 10168<br> +1-800-221-0102**<br> Copies of all communications, including communications sent to agent for service, should be sent to:

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| | |
|:---|:---|
| **Lawrence S. Venick, Esq.<br> Loeb & Loeb LLP<br> 10100 Santa Monica Boulevard<br> Suite 2200<br> Los Angeles, CA 90067<br> Telephone: +1 310-728-5129** | **Benjamin Tan, Esq.**<br> **Sichenzia Ross Ference Carmel LLP**<br> **1185 Avenue of the Americas, 26<sup>th</sup> Floor**<br> **New York, NY 10036**<br> **Telephone: + 1 (212) 930-9700** |

---

**Approximate date of commencement of proposed sale to the public: as soon as practicable after the effective date of this registration statement.**

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933. Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

The term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

**The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to such Section 8(a), may determine.**

*The information in this preliminary prospectus is not complete and may be changed. The securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell nor does it seek an offer to buy the securities in any jurisdiction where such offer or sale is not permitted.*

**PRELIMINARY PROSPECTUS (Subject to Completion) DATED JUNE 8, 2026**

**Up to 4,166,667 Ordinary Shares**

**Star Integratia Limited**

This is a firm commitment initial public offering of Ordinary Shares, by Star Integratia Limited, a Cayman Islands company. We anticipate that the initial public offering price of the Ordinary Shares will be between US$6.00 and US$8.00 per Ordinary Share.

We have granted the underwriters an option, exercisable from time to time in whole or in part, to purchase up to 625,000 additional Ordinary Shares from us at the initial public offering price, less underwriting discounts and commissions, within 45 days from the date of this prospectus to cover over-allotments, if any.

Prior to this offering, there has been no public market for our Ordinary Shares. We have applied to list our Ordinary Shares on the Nasdaq Capital Market under the symbol "[ ]". This offering is contingent upon the listing of our Ordinary Shares on the Nasdaq Capital Market or another national securities exchange. There can be no assurance that we will be successful in listing our Ordinary Shares on the Nasdaq Capital Market or another national securities exchange.

We are both an "emerging growth company" and a "foreign private issuer" as defined under the applicable U.S. federal securities laws and, as such, may elect to comply with certain reduced public company reporting requirements for this and future filings. See *"Prospectus Summary — Implications of Being an Emerging Growth Company"* and "*Prospectus Summary — Implications of Being a Foreign Private Issuer."*

We are a "controlled company" within the meaning of Nasdaq corporate governance rules because Ms. LIM Kiam Kiam, our founder, Director and Chairlady, holds 7,738,095 Ordinary Shares, constituting approximately 65.0% of the total aggregate voting power of our Company, assuming the underwriters do not exercise their over-allotment option. Therefore, Ms. LIM Kiam Kiam will control matters subject to a vote by our Company's shareholders, and our Company will be a "controlled company" as defined under Nasdaq Marketplace Rule 5615(c). As a "controlled company," our Company is permitted to elect not to comply with certain corporate governance requirements. Although we currently do not intend to rely on the "controlled company" exemptions, we may elect to rely on these exemptions in the future. If we rely on these exemptions in the future, you will not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. For more detailed description of risks related to being a "controlled company," see *"Risk Factors — Risks Related to Our Ordinary Shares and This Offering — We are a 'controlled company' as defined under the Nasdaq listing rules and, as a result, can rely on exemptions from certain corporate governance requirements that provide protection to shareholders."*

Immediately prior to the completion of this offering, our issued and outstanding share capital will consist of 7,738,095 Ordinary Shares. Ms. LIM Kiam Kiam beneficially owns all of our then issued and outstanding Ordinary Shares. These Ordinary Shares will constitute approximately 65.0% of the aggregate voting power of our total issued and outstanding share capital immediately after the completion of this offering, assuming that the underwriters do not exercise their option to purchase additional Ordinary Shares. Each holder of our Ordinary Share is entitled to one (1) vote per share. As a result of the concentration of ownership, Ms. LIM Kiam Kiam will be able to unilaterally decide all corporate matters requiring shareholder approval, such as election of directors, amendment of constitutional documents including our memorandum and articles of association, and significant corporate transactions. Ms. LIM Kiam Kiam may take actions that are not in the best interest of us or our other shareholders.

Star Integratia Limited is a holding company incorporated in the Cayman Islands with no material operations of its own. We conduct our operations through our subsidiary, All Best App Pte. Ltd., in Singapore.

Furthermore, as more stringent criteria have been imposed by the SEC and the Public Company Accounting Oversight Board (the "PCAOB") recently, our securities may be prohibited from trading if our auditor cannot be fully inspected. The Holding Foreign Companies Accountable Act, or the HFCA Act, was enacted on December 18, 2020. The HFCA Act states if the SEC determines that a company has filed audit reports issued by a registered public accounting firm that has not been subject to inspection by the PCAOB for three consecutive years beginning in 2021, the SEC shall prohibit securities of such company from being traded on a national securities exchange or in the over the counter trading market in the U.S. On December 23, 2022, the Accelerating Holding Foreign Companies Accountable Act ("AHFCA Act") was enacted, which amended the HFCA Act by requiring the SEC to prohibit an issuer's securities from trading on any U.S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years instead of three. See *"Risk Factors — Risks Related to Our Ordinary Shares and This Offering — Our Ordinary Shares may be delisted under the HFCA Act if the PCAOB is unable to inspect our auditors for two consecutive years."*

The delisting of our Ordinary Shares, or the threat of their being delisted, may materially and adversely affect the value of your investment on page 19.

**Investing in our Ordinary Shares involves a high degree of risk. See "Risk Factors" beginning on page 7.**

**Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.**

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| | | |
|:---|:---|:---|
|  | ***PER CLASS A <br> ORDINARY <br> SHARE*** | ***TOTAL*** |
| ***Initial public offering price*** | $[ ] | $[ ] |
| ***Underwriting discounts and commissions<sup>(1)(2)</sup>*** | $[ ] | $[ ] |
| ***Proceeds, before expenses, to us*** | $[ ] | $[ ] |

---

*(1)* *The underwriter will receive compensation in addition to the discounts and commissions. For a description of compensation payable to the underwriters, see "Underwriting" beginning on page 89.* 

*(2)* *Represents a 7.0% underwriting discount but does not include 1.0% non-accountable expenses, payable to the underwriters. For a description of other terms of compensation to be received by the underwriter, see "Underwriting" beginning on page 89.* 

The underwriters have an option to purchase up to 625,000 additional Ordinary Shares from us at the initial public offering price, less the underwriting discounts and commissions, within 45 days from the date of closing of this offering, to cover any over-allotments.

The underwriter expects to deliver the Ordinary Shares against payment in U.S. dollars in New York, NY to purchasers on or about [ ], 2026.

**Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.**

![](logo_001.jpg)

**EDDID SECURITIES USA INC.**

The date of this prospectus is [ ], 2026

**TABLE OF CONTENTS**

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| | |
|:---|:---|
|  | **Page** |
| [Prospectus Summary](#me_001) | 1 |
| [The Offering](#me_002) | 6 |
| [Risk Factors](#me_003) | 7 |
| [Special Note Regarding Forward-Looking Statements and Industry Data](#me_004) | 26 |
| [Use of Proceeds](#me_005) | 27 |
| [Dividend Policy](#me_006) | 28 |
| [Capitalization](#me_007) | 29 |
| [Dilution](#me_008) | 30 |
| [Enforceability of Civil Liabilities](#me_009) | 31 |
| [Corporate History and Structure](#me_010) | 32 |
| [Management's Discussion and Analysis of Financial Condition and Results of Operations](#me_011) | 33 |
| [Industry Overview](#ak_001) | 38 |
| [Business](#ak_002) | 52 |
| [Regulation](#ak_003) | 59 |
| [Management](#ak_004) | 64 |
| [Principal Shareholders](#ak_005) | 70 |
| [related party transactions](#ak_006) | 71 |
| [Description of Share Capital](#ak_007) | 72 |
| [Shares Eligible for Future Sale](#ak_008) | 81 |
| [Taxation](#ak_009) | 82 |
| [Underwriting](#ak_010) | 89 |
| [Expenses Related to this Offering](#ak_011) | 93 |
| [Legal Matters](#ak_012) | 94 |
| [Experts](#ak_013) | 94 |
| [Where You Can Find Additional Information](#ak_014) | 94 |
| [Index to Consolidated Financial Statements](#ak_015) | F-1 |

---

**This prospectus contains certain estimates and information concerning our industry, including market position, market size, and growth rates of the markets in which we participate. This information involves a number of assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and reports. The industry in which we operate is subject to a high degree of uncertainty and risk due to a variety of factors, including those described in the "Risk Factors" section. These and other factors could cause results to differ materially from those expressed in these publications and reports.**

**You should rely only on the information contained in this prospectus or in any related free-writing prospectus. We have not authorized anyone to provide you with information different from that contained in this prospectus or in any related free-writing prospectus. We are offering to sell, and seeking offers to buy, the Ordinary Shares offered hereby, but only under circumstances and in jurisdictions where offers and sales are permitted and lawful to do so. The information contained in this prospectus is current only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of the Ordinary Shares.**

Neither we nor the underwriter have taken any action that would permit a public offering of the Ordinary Shares outside the United States or permit the possession or distribution of this prospectus or any related free-writing prospectus outside the United States. Persons outside the United States who come into possession of this prospectus or any related free-writing prospectus must inform themselves about and observe any restrictions relating to the offering of the Ordinary Shares and the distribution of the prospectus outside the United States.

**Until [ ], 2026 (the 25<sup>th</sup> day after the date of this prospectus), all dealers that buy, sell or trade Ordinary Shares, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the obligation of dealers to deliver a prospectus when acting as underwriter and with respect to their unsold allotments or subscriptions.**

i

[**Table of Contents**](#TOC_001)

**Prospectus Summary**

*The following summary is qualified in its entirety by, and should be read in conjunction with, the more detailed information and financial statements and notes appearing elsewhere in this prospectus. In addition to this summary, we urge you to read the entire prospectus carefully, especially the risks of investing in the Ordinary Shares discussed under "Risk Factors," before deciding whether to buy the Ordinary Shares.*

**Business**

We are a Singapore-based geomancy services company that provides professional geomancy consulting solutions, curated geomancy-related products, thematic geomancy events and subscription-based online services to individual and institutional clients.

Our business is founded and led by Ms. LIM Kiam Kiam, who has more than four decades of experience in Chinese geomancy practice. She began her early work in geomancy in Singapore and later developed a professional practice serving individuals, families, corporate clients, religious institutions and development projects across Asia.

In 1999, Ms. LIM Kiam Kiam established Ehang International, which became one of the first geomancy practices in Singapore to operate its own website and to incorporate computer-based geomancy analysis into its services.

Over the years, she has advised on major development projects in Indonesia and Greater China, including engagements in Beijing, Shanghai, Chongqing and Chengdu. Many of these assignments remain confidential due to arrangements with multinational corporations and government agencies.

Today, we operate through an integrated platform that supports the delivery of our consulting services and related offerings. We are expanding our digital capabilities to improve accessibility and scalability, including the development of an AI-enabled geomancy analysis tool intended to support consistent interpretation, streamline service delivery and enhance user experience.

Our operations originated in Singapore and we serve clients across multiple markets in Asia through a combination of in-person engagements, project-based assignments and digital service delivery.

**Our competitive strengths**

We believe that the following competitive strengths differentiate us from our competitors:

● Institutionalised service delivery supported by systems and technology;

● Technology-enabled delivery in a traditionally offline industry;

● Integrated ecosystem supporting diversified revenue streams;

● Advisory-based and responsibly positioned service model;

● Established credibility and proven track record; and

● Cultural depth adapted for cross-border and digital delivery.

**Our growth strategies**

We intend to pursue the following strategies to further expand our business and enhance the scalability and resilience of our operating model:

● Broader market outreach through digital and structured delivery formats;

● Diversification of the Company's service and product portfolio;

● Systematic integration of AI into service delivery;

● Strengthening organizational capabilities through technology and process automation; and

● Digitally-led service delivery for cross-border and digitally oriented audiences.

**Corporate history and structure**

Our Company was incorporated in the Cayman Islands on November 21, 2025, under the Companies Act as an exempted company with limited liability. We conduct our operations through our wholly-owned subsidiary in Singapore. This is an offering of the Ordinary Shares of our Company instead of the shares in our operating subsidiary.

[**Table of Contents**](#TOC_001)<br>

The following diagram illustrates our corporate structure, including our subsidiaries prior to and after this offering (assuming no exercise of underwriters' over-allotment option):

**Risk Factors**

Investing in our Ordinary Shares involves risks. The risks summarized below are qualified by reference to the section entitled "Risk Factors", which you should carefully consider before deciding to purchase our Ordinary Shares. If any of these risks occurs, our business, financial condition, or results of operations would likely be materially and adversely affected. In such cases, the trading price of our Ordinary Shares would likely decline, and you may lose all or part of your investment.

We believe some of the major risks and uncertainties that may materially and adversely affect us include the following:

***Risks Related to Our Business and Industry (for a more detailed discussion, see "Risk Factors – Risks Related to Our Business and Industry" beginning on page 7 of this prospectus)***

● Failure to maintain customer trust may damage our reputation and affect our business.

● Public perception and market acceptance of geomancy services may affect our growth and business prospects.

● Alternative divination services may divert customer interest and discretionary spending away from our geomancy services.

● Customer expectations regarding the interpretation and outcomes of geomancy services may affect customer satisfaction and retention.

● We face risks associated with concentration of revenue from single large customers. This dependency on a limited number of customers may have a material adverse effect on our financial condition and results of operations.

● The absence of commonly-accepted benchmarks in the geomancy industry may affect our ability to differentiate our offerings.

● Counterfeit or imitation products may impact customer perception and adversely affect our business.

● Customer engagement in our events and membership programs depends on the relevance of our geomancy content.

[**Table of Contents**](#TOC_001)<br>

● Marketing activities may not be effective or cost efficient, which may limit our ability to attract and retain customers.

● Challenges in managing growth and executing business strategies may affect our prospects.

● Rising operating costs may adversely affect our profitability.

● Adverse economic conditions may affect discretionary spending on geomancy services, memberships and curated products.

● Customer spending patterns and discretionary demand for geomancy services may affect the growth and stability of our revenue streams.

● Reliance on a single supplier for curated products may expose us to operational and supply chain risks.

● Compliance requirements relating to the sale or import of curated geomancy-related products may affect our product offerings and operations.

● Reliance on third party vendors for technology development may expose us to operational and performance risk.

● Insurance coverage may be insufficient to protect against business risks.

● Inadequate internal controls or processes may adversely affect our operations and business performance.

● Fraud, misconduct or non-compliance by employees or third parties may adversely affect our business.

● Reliance on the expertise of our founder and key personnel may expose us to key person risks.

● Our strategic alliances, investments or acquisition may have a material adverse effect on our business, financial condition, results of operations and prospects.

● We may require additional capital which may not be available on acceptable terms or at all.

● Dependence on third party platforms, distribution channels and payment providers may affect the accessibility and continuity of our services and revenue streams.

● AI powered geomancy applications expose us to intellectual property, data protection and technology related risks.

● Cybersecurity breaches or technology disruptions may adversely affect our operations and reputation.

● Personal data breaches or failures in data protection may adversely affect our business and reputation.

● Failure to comply with cybersecurity, data privacy, data protection, or any other laws and regulations related to data may materially and adversely affect our business, financial condition and results of operations.

● Service disruptions, downtime or slow system performance within our own platforms may affect customer experience and retention.

● User growth and engagement may be affected by factors relating to devices, operating systems and external platforms.

● Unauthorized use of imitation of our intellectual property may undermine our competitive position and adversely affect our business.

● Protecting and enforcing our trademarks and brand assets in overseas markets may be challenging and may affect our business expansion.

● Third party intellectual property claims may adversely affect our business and operations.

● Dependence on key personnel and challenges in attracting or retaining qualified staff may adversely affect our operations and prospects.

● Exposure to political, economic, regulatory and social developments across different jurisdictions may affect business operations and performance.

● Exposure to infectious diseases, natural disasters and other catastrophic events may adversely affect operations.

***Risks Related to Doing Business in Singapore (for a more detailed discussion, see "Risk Factors – Risks Related to Doing Business in Singapore" beginning on page 16 of this prospectus)***

 ****

● Developments in Singapore's social, political, regulatory and economic environment may affect our operations and business performance.

● Epidemics, natural disasters, adverse weather conditions and other events outside our control may materially disrupt our business.

● Evolving laws, regulations, standards and policies may increase our compliance obligations and operational risks.

● The ability of our subsidiary in Singapore to distribute dividends to us may be subject to restrictions under applicable laws.

[**Table of Contents**](#TOC_001)<br>

***Risks Related to Our Ordinary Shares and This Offering (for a more detailed discussion, see "Risk Factors – Risks Related to Our Ordinary Shares" beginning on page 17 of this prospectus)***

 ****

● There has been no public market for our Ordinary Shares prior to the completion of this offering, and you may not be able to resell our Ordinary Shares at or above the price you pay for them, or at all.

● The initial public offering price for our Ordinary Shares may not be indicative of prices that will prevail in the trading market and such market prices may be volatile.

● You will experience immediate and substantial dilution in the net tangible book value of Ordinary Shares purchased.

● If we fail to implement and maintain an effective system of internal controls, we may be unable to accurately or timely report our results of operations or prevent fraud, and investor confidence and the market price of our Ordinary Shares may be materially and adversely affected.

● We are an "emerging growth company" within the meaning of the Securities Act, and may take advantage of certain reduced reporting requirements.

● Our Ordinary Shares may be delisted under the HFCA Act if the PCAOB is unable to inspect our auditors for two consecutive years.

● Our management team has no experience managing a public company.

● We will incur substantial increased costs as a result of being a public company.

● Substantial future sales of our Ordinary Shares or the anticipation of future sales of our Ordinary Shares in the public market could cause the price of our Ordinary Shares to decline.

● We do not intend to pay dividends for the foreseeable future.

● If securities or industry analysts do not publish research or reports about our business, or if they publish a negative report regarding our Ordinary Shares, the price of our Ordinary Shares and trading volume could decline.

● The trading price of our Ordinary Shares may be volatile or may decline regardless of our operating performance, which could result in substantial losses to investors.

● Our dual-class voting structure will limit your ability to influence corporate matters requiring shareholder approval, and could discourage others from pursuing any change of control transactions that holders of our Ordinary Shares may view as beneficial.

● Our management has broad discretion to determine how to use the funds raised in the offering and may use them in ways that may not enhance our results of operations or the price of our Ordinary Shares.

● If we cease to qualify as a foreign private issuer, we would be required to comply fully with the reporting requirements of the Exchange Act applicable to U.S. domestic issuers, and we would incur significant additional legal, accounting and other expenses that we would not incur as a foreign private issuer.

● As we are a foreign private issuer and are exempt from certain Nasdaq corporate governance standards applicable to U.S. issuers, you will have less protection than you would have if we were a domestic issuer.

● We are a "controlled company" as defined under the Nasdaq listing rules and, as a result, can rely on exemptions from certain corporate governance requirements that provide protection to shareholders.

● Although as a foreign private issuer we are exempt from certain corporate governance standards applicable to US issuers, if we cannot satisfy, or continue to satisfy, the initial listing requirements and other rules of the Nasdaq Capital Market, our securities may not be listed or may be delisted, which could negatively impact the price of our securities and your ability to sell them.

● Our Board may decline to register transfers of Ordinary Shares in certain circumstances.

● You may be unable to present proposals before annual general meetings or extraordinary general meetings not called by shareholders.

● If we are classified as a passive foreign investment company, United States taxpayers who own our Ordinary Shares may have adverse United States federal income tax consequences.

● Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.

● You may face difficulties in protecting your interests as a shareholder, as Cayman Islands law provides substantially less protection when compared to the laws of the United States and it may be difficult for a shareholder of ours to effect service of process or to enforce judgements obtained in the U.S. courts.

***Corporate Information***

 ****

Our principal executive offices are located at 62 Ubi Road 1, #06-03, Oxley Bizhub 2, Singapore 408734. Our registered office in the Cayman Islands is located at 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42<sup>nd</sup> Street, 18<sup>th</sup> Floor, New York, NY 10168.

Investors should contact us for any inquiries through the address and telephone number of our principal executive offices. Our corporate website is *https://www.discovermyatlas.ai*. The information contained on our website is not a part of this prospectus.

**Implications of Being an Emerging Growth Company**

As a company with less than US$1.235 billion in revenue for our last fiscal year, we qualify as an "emerging growth company" pursuant to the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. An emerging growth company may take advantage of specified reduced reporting and other requirements compared to those that are otherwise applicable generally to public companies. These provisions include exemption from the auditor attestation requirement under Section 404 of the Sarbanes-Oxley Act of 2002 in the assessment of the emerging growth company's internal control over financial reporting. The JOBS Act also provides that an emerging growth company does not need to comply with any new or revised financial accounting standards until such date that a private company is otherwise required to comply with such new or revised accounting standards.

We will remain an emerging growth company until the earliest of (a) the last day of the fiscal year during which we have total annual gross revenue of at least US$1.235 billion; (b) the last day of our fiscal year following the fifth anniversary of the completion of this offering; (c) the date on which we have, during the preceding three-year period, issued more than US$1.0 billion in non-convertible debt; or (d) the date on which we are deemed to be a "large accelerated filer" under the Exchange Act, which would occur if the market value of the Ordinary Shares that are held by non-affiliates exceeds US$700 million as of the last business day of our most recently completed second fiscal quarter. Once we cease to be an emerging growth company, we will not be entitled to the exemptions provided in the JOBS Act discussed above.

[**Table of Contents**](#TOC_001)<br>

**Implications of HFCA Act**

Our auditor is required by the laws of the United States to undergo regular inspections by the PCAOB. If our securities become listed on a national securities exchange or quoted on the over-the-counter market in the United States, trading in our securities may be prohibited under the HFCA Act, as amended, and our securities may be subject to delisting if the PCAOB cannot inspect or completely investigate our auditor for two consecutive years. Our independent registered public accounting firm's audit documentation related to their audit reports included in this prospectus include audit documentation located in Hong Kong. On June 22, 2021, the U.S. Senate passed the AHFCA Act and on December 29, 2022, the Consolidated Appropriations Act was signed into law by President Biden, which contained, among other things, an identical provision to the AHFCA Act and amended the HFCA Act by requiring the SEC to prohibit an issuer's securities from trading on a national securities exchange or in the over-the-counter market in the United States if its auditor is not subject to PCAOB inspections for two consecutive years instead of three, thus reducing the time before your securities may be prohibited from trading or delisted. On December 16, 2021, the PCAOB issued a report to notify the SEC its determinations that it is unable to inspect or investigate completely registered public accounting firms headquartered in mainland China and Hong Kong, respectively, and identifies the registered public accounting firms in mainland China and Hong Kong that are subject to such determinations. Our auditor, AOGB CPA Limited, is headquartered in Hong Kong and is not among the auditor firms listed on the determination list issued by the PCAOB, which notes all of the auditor firms that the PCAOB is not able to inspect. On August 26, 2022, the CSRC, the Ministry of Finance of the PRC, and the PCAOB signed a Statement of Protocol, or the Protocol, governing inspections and investigations of audit firms based in mainland China and Hong Kong. The Protocol remains unpublished and is subject to further explanation and implementation. Pursuant to the fact sheet with respect to the Protocol disclosed by the SEC, the PCAOB shall have independent discretion to select any issuer audits for inspection or investigation and has the unfettered ability to transfer information to the SEC. On December 15, 2022, the PCAOB Board determined that the PCAOB was able to secure complete access to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong and voted to vacate its previous determinations that the PCAOB was unable to inspect or investigate completely registered public accounting firms headquartered in mainland China and Hong Kong. However, whether the PCAOB will continue to be able to satisfactorily conduct inspections of PCAOB-registered public accounting firms headquartered in mainland China and Hong Kong is subject to uncertainty and depends on a number of factors out of our, and our auditor's, control. The PCAOB continues to demand complete access in mainland China and Hong Kong moving forward and has resumed regular inspections since March 2023. The PCAOB is continuing to pursue ongoing investigations and may initiate new investigations as needed. The PCAOB has indicated that it will act immediately to consider the need to issue new determinations with the HFCA Act if needed. Our securities may be delisted or prohibited from trading if the PCAOB determines that it cannot inspect or investigate completely our auditor under the HFCA Act. See *"Risk Factors — Our Ordinary Shares may be delisted under the HFCA Act if the PCAOB is unable to inspect our auditors for two consecutive years."*

**Implications of Being a "Controlled Company"**

Upon completion of this offering, our founder, Director and Chairlady of the Board of Directors, Ms. LIM Kiam Kiam, will be the beneficial owner of an aggregate of 7,738,095 Ordinary Shares, which will represent approximately 65.0% of our aggregate voting power. As a result, we will remain a "controlled company" within the meaning of the Nasdaq Stock Market Rules and therefore we are eligible for certain exemptions from the corporate governance listing requirements of the Nasdaq. For so long as we remain a "controlled company," we are permitted to elect not to comply with certain corporate governance requirements, including:

● the requirement that our director nominees be selected or recommended solely by independent directors; and

● the requirement that we have a nomination committee and a compensation committee that are composed entirely of independent directors with a written charter addressing the purposes and responsibilities of the committees.

If we rely on these exemptions, you will not have the same protection afforded to shareholders of companies that are subject to these corporate governance requirements. Although we currently do not intend to rely on the "controlled company" exemptions under the Nasdaq listing rules even if we are deemed a controlled company, we could elect to rely on these exemptions in the future, and if so, you would not have the same protection afforded to shareholders of companies that are subject to all of the corporate governance requirements of Nasdaq.

**Implications of Being a Foreign Private Issuer**

Upon completion of this offering, we will report under the Exchange Act as a non-U.S. company with foreign private issuer status. Even after we no longer qualify as an emerging growth company, as long as we qualify as a foreign private issuer under the Exchange Act, we will be exempt from certain provisions of the Exchange Act that are applicable to U.S. domestic public companies, including:

● the sections of the Exchange Act regulating the solicitation of proxies, consents or authorizations in respect of a security registered under the Exchange Act;

● the sections of the Exchange Act requiring insiders to file public reports of their stock ownership and trading activities and liability for insiders who profit from trades made in a short period of time; and

● the rules under the Exchange Act requiring the filing with the Securities and Exchange Commission of quarterly reports on Form 10-Q containing unaudited financial and other specified information, or current reports on Form 8-K, upon the occurrence of specified significant events.

Both foreign private issuers and emerging growth companies are also exempt from certain more stringent executive compensation disclosure rules. Thus, even if we no longer qualify as an emerging growth company but remain a foreign private issuer, we will continue to be exempt from the more stringent compensation disclosures required of companies that are neither emerging growth companies nor foreign private issuers.

In addition, as a company incorporated in the Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from the corporate governance requirements of the Nasdaq. For example, if we elect to adopt home country practice, a majority of the Directors is not required to be independent directors, and neither our compensation committee nor our nomination committee is required to be comprised entirely of independent directors. These practices may afford less protection to shareholders than they would enjoy if we complied fully with corporate governance requirements of the Nasdaq.

**Conventions Which Apply to This Prospectus**

Unless we indicate otherwise, all information in this prospectus reflects no exercise by the underwriter of its option to purchase additional Ordinary Shares from us.

Except where the context otherwise requires:

● "AHFCA Act" means the Accelerating Holding Foreign Companies Accountable Act;

● "AI" means artificial intelligence, and in the context of the adaptation of artificial intelligence in geomancy services, means software technologies that generate outputs or responses based on probabilistic or pattern-based techniques, including those commonly used in natural language processing and machine learning-enabled systems;

● "APAC" means Asia-Pacific;

● "Board" means the board of Directors of our Company;

● "CAGR" means compound annual growth rate;

● "Directors" means the directors of our Company as at the date of this prospectus;

● "Exchange Act" means the Securities Exchange Act of 1934, as amended;

● "HFCA Act" means the Holding Foreign Companies Accountable Act;

● "Hong Kong" means the Hong Kong Special Administrative Region of the PRC;

● "Ordinary Shares" means our Ordinary Shares in the capital of the Company of a nominal or par value of US$0.0001 each designated as Ordinary Shares, and having the rights provided for in our memorandum and articles of association;

● "PCAOB" means The Public Company Accounting Oversight Board;

● "PRC" or "China" means The People's Republic of China, including Hong Kong;

● "SEC" or "Securities and Exchange Commission" means the United States Securities and Exchange Commission;

● "Securities Act" means the Securities Act 1933, as amended;

● "Singapore" means the Republic of Singapore;

● "S$" or "SGD" means Singapore dollar(s), the legal currency of Singapore;

● "US$," "U.S. dollars," "$" and "dollars" means United States dollar(s), the legal currency of the United States; and

● "we", "us", "our", "Star Integratia", "our Company", the "Company", "our Group" or the "Group" means Star Integratia Limited, a Cayman Islands company, and in the context of describing its operation and business, its subsidiaries.

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**The Offering**

The following assumes that the underwriter will not exercise its option to purchase additional Ordinary Shares in the offering, unless otherwise indicated.

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| | |
|:---|:---|
| Offering Price | We expect that the initial public offering price will be between US$6.00 and US$8.00 per Ordinary Share. |
| Ordinary Shares Issued and Outstanding Prior to This Offering | Up to 7,738,095 Ordinary Shares. |
| Ordinary Shares Outstanding Immediately After This Offering | Up to 11,904,762 Ordinary Shares (or 12,529,762 Ordinary Shares if the underwriters exercise their option to purchase additional Ordinary Shares in full). |
| Voting Rights | Each holder of Ordinary Shares is entitled to one (1) vote per share. |
| Listing | We have applied to have our Ordinary Shares listed on the Nasdaq Capital Market. The closing of this offering is conditioned upon Nasdaq's final approval of our listing application, and there is no guarantee or assurance that our Ordinary Shares will be approved for listing on Nasdaq. |
| Proposed Nasdaq Capital Market symbol | [ ] |
| Option to Purchase Additional Ordinary Shares | We have granted to the underwriters an option, exercisable within 45 days from the date of closing of this offering, to purchase up to 625,000 additional Ordinary Shares. |
| Use of Proceeds | We estimate that we will receive net proceeds from this offering of approximately US$25.38 million (or US$29.75 million if the underwriters exercise their option to purchase additional Ordinary Shares in full), after deducting the underwriting discounts, commissions and estimated offering expenses payable by us. See "Use of Proceeds" for additional information. |
| Lock-up | We, each of our directors, executive officers, shareholders, and all option holders have agreed with the underwriter, subject to certain exceptions, not to sell, transfer or otherwise dispose of any Ordinary Shares or similar securities or any securities convertible into or exchangeable or exercisable for our Ordinary Shares for a period of 180 days from the closing of this offering. See "Underwriting" for more information. |
| Risk Factors | Investing in the Ordinary Shares is highly speculative and involves a high degree of risk. As an investor you should be able to bear a complete loss of your investment. See "Risk Factors" and other information included in this prospectus for a discussion of risks you should carefully consider before investing in the Ordinary Shares. |
| Transfer Agent | Vstock Transfer, LLC |
| Payment and settlement | The underwriter expects to deliver the Ordinary Shares against payment therefor through the facilities of on or about [ ], 2026. |

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**Risk Factors**

*Investing in our Ordinary Shares entails a significant level of risk. Before investing in the Ordinary Shares, you should carefully consider all of the risks and uncertainties mentioned in this section, in addition to all of the other information in this prospectus, including the financial statements and related notes. We may face additional risks and uncertainties aside from the ones mentioned below. There may be risks and uncertainties that we are unaware of, or that we currently do not consider material, that may become important factors that could adversely affect our business in the future. Any of the following risks and uncertainties could have a material adverse effect on our business, financial condition, results of operations and prospects. In such case, the market prices of the Ordinary Shares could decline, and you may lose part or all of your investment.*

**Risks Related to Our Business and Industry**

***Failure to maintain customer trust may damage our reputation and affect our business.***

 ****

Our business relies significantly on the trust that customers place in our geomancy services and offerings. Such trust is closely linked to the credibility and experience of Ms. LIM Kiam Kiam, whose knowledge forms an important foundation of our geomancy methodologies and interpretations. Maintaining customer confidence is essential to our business performance and long-term growth in a largely fragmented and unstandardized geomancy market, where customers place considerable emphasis on reputation, credibility and personal trust.

Customer trust may be influenced by a range of factors, including:

● Ms. LIM Kiam Kiam's professional standing and continued involvement;

● quality, consistency and perceived accuracy of our geomancy insights and curated products;

● overall standard of customer experience across our physical and digital platforms;

● breadth and effectiveness of our offerings in meeting customer needs;

● reliability and security of our technology infrastructure, including AI powered applications;

● adequacy of our data protection and consumer protection measures; and

● impact of our branding, marketing and promotional activities.

Any actual or perceived shortcomings in these areas may weaken customer confidence. Inconsistencies in interpretations, inaccuracies in AI generated insights, service disruptions or negative publicity relating to our methodologies or credibility may influence how customers view our offerings. Comments or allegations circulated on social media or other online platforms may further amplify reputational impact.

A decline in customer trust may reduce demand for our geomancy services and products and have a material adverse effect on our business, financial condition, results of operations and prospects.

***Public perception and market acceptance of geomancy services may affect our growth and business prospects.***

 ****

Public perception of geomancy and related consulting services varies across different markets, and levels of acceptance continue to evolve. In some markets, geomancy may be perceived as a traditional, niche or even superstitious practice, which may limit willingness among certain customer segments to engage our services and purchase our products. These variations may affect broader adoption of our offerings and influence our ability to attract and retain customers or enter new markets.

Our offerings currently appeal more strongly to individuals who have experienced significant life events or are actively seeking guidance, while younger demographics may be less inclined to engage with geomancy related services. If we are unable to enhance market acceptance broaden our customer base appeal to a wider range of demographic groups, our growth prospects may be adversely affected.

***Alternative divination services may divert customer interest and discretionary spending away from our geomancy services.***

 ****

Although geomancy services are largely driven by practitioner reputation and customer trust, customers may still choose from a variety of alternative divination services, including tarot readings, palm readings, numerology analyses or similar offerings that may appeal to individuals seeking personal insight or guidance. These alternatives may be offered at lower prices, through more accessible channels or by providers with a strong online presence, which may influence how customers choose to allocate discretionary spending. As our geomancy services are discretionary in nature, customers may substitute our offerings with other divination services even if the underlying methodologies differ. Any shift in customer preferences toward alternative service options may affect user growth, customer retention or the uptake of our paid services and may adversely affect our business, financial condition, results of operations and prospects.

***Customer expectations regarding the interpretation and outcomes of geomancy services may affect customer satisfaction and retention.***

 ****

Geomancy involves interpretation and the application of established principles to an individual's circumstances. Customers may have different expectations regarding how insights are presented, the relevance of the guidance provided or the outcomes they anticipate from applying such guidance. Differences in understanding, personal beliefs or assumptions about the nature of geomancy may lead to varying levels of satisfaction, even when the services are delivered as intended. Customer feedback shared online or through social channels may also influence public perception of our services. Any mismatch between customer expectations and the interpretive nature of geomancy may affect customer satisfaction, repeat engagement or the perceived credibility of our offerings which may, in turn, adversely affect our business, reputation, financial condition and prospects.

***We face risks associated with concentration of revenue from single large customers. This dependency on a limited number of customers may have a material adverse effect on our financial condition and results of operations.***

A significant portion of our revenue was derived from single large customers. For the years ended September 30, 2025 and 2024, single large customers constituted 14% and 88% of our total revenue, respectively. While we serve a broad base of customers, a small number of customers have historically accounted for a significant portion of our revenue. These customers typically make higher-value or recurring purchases of geomancy products and services, and their purchasing activity may vary from period to period based on personal circumstances, preferences, beliefs, or discretionary spending considerations.

If demand from these customers declines, purchasing patterns change, or such customers reduce or discontinue their engagement with us, our revenue may fluctuate and may not be immediately offset by new customer acquisition or increased engagement from other customers. As a result, our revenue growth and the consistency of our revenue may be affected. Although we seek to maintain and expand our customer base, there can be no assurance that revenue contributions from these customers will remain stable over time. Any reduction in purchasing activity by customers that contribute a significant portion of revenue, whether due to changes in individual preferences, broader economic conditions or other factors, could adversely affect our business, financial condition and results of operations.

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***The absence of commonly-accepted benchmarks in the geomancy industry may affect our ability to differentiate our offerings.***

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The geomancy industry in which we operate does not have commonly accepted benchmarks or standardized practices. This lack of standardization may make it difficult for customers to assess quality, compare service providers or clearly evaluate the value of our offerings. In addition, customers may not always appreciate the integrated nature of our curated products, which are selected to complement our consulting sessions. Some customers may compare these curated items with mass-produced retail products that do not incorporate professional guidance or customization, leading to misconceptions about relative value.

These factors may limit our ability to clearly convey our differentiated value proposition and may influence customer expectations or willingness to pay for our consulting services and curated products. As a result, our pricing flexibility and ability to distinguish our offerings from those of other providers may be affected, which could adversely impact our business and our market position.

***Counterfeit or imitation products may impact customer perception and adversely affect our business.***

 ****

The presence of low-cost imitations or unauthorized replicas of curated products resembling those offered as part of our geomancy services could affect customer perception of our brand. Customers who encounter inferior or poorly made imitations may believe such items are associated with us, which could erode confidence in the quality and authenticity of our curated products. The availability of these imitations may also influence customer expectations and reduce willingness to pay premium prices for curated items selected through our professional process. Unauthorized replicas may be produced with inferior workmanship or materials, and customers who associate these deficiencies with our brand may question the reliability of our curated products. Such perceptions could reduce demand and negatively affect our business performance.

***Customer engagement in our events and membership programs depends on the relevance of our geomancy content.***

Our events and membership offerings depend on our ability to deliver geomancy-related content that resonates with our audience and aligns with customer preferences. We provide foundational geomancy knowledge, seasonal insights and practical guidance through our events, and offer ongoing educational materials and tools through our membership programs. The ability to attract and retain paying members and event participants is influenced by the perceived relevance, clarity and usefulness of this content.

If our content does not meet customer expectations or fails to remain relevant to their needs, we may experience lower engagement, reduced event attendance or slower growth in our membership base, which could adversely affect our business, financial condition, and results of operations. Sustained performance also requires us to update and refine our content in response to evolving user interests and industry trends. Inadequate content development or declining content quality may reduce the appeal of our events and membership programs and could result in decreased customer engagement or higher member attrition.

***Marketing activities may not be effective or cost efficient, which may limit our ability to attract and retain customers.***

 ****

Marketing and brand building efforts contribute to user acquisition, customer engagement and the overall visibility of our services. These activities include digital advertising, content promotion, collaborations and participation in events. The effectiveness of these initiatives is influenced by customer behavior, market trends and the competitiveness of the broader wellness and advisory landscape.

Marketing tools, channels and user preferences evolve quickly, and approaches that are effective today may not continue to perform in the same way going forward. Additional resources may be required to adjust marketing strategies, adopt new channels or develop fresh content in order to maintain audience reach and relevance. There is no assurance that such efforts will be successful, or that they will result in increased customer engagement or sales.

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If marketing initiatives are not well received, do not generate the expected return on investment or become more costly due to competitive pressures or changing platform dynamics, our ability to attract and retain customers may be affected. This may have an adverse impact on our business, financial performance and prospects.

***Challenges in managing growth and executing business strategies may affect our prospects.***

 ****

As our business expands in scale and scope, the operations may become increasingly complex. Growth in our geomancy services, digital platforms, curated products and the development of complementary wellness-related offerings may place pressure on our managerial, operational, financial and human resources. Our existing personnel, systems and internal controls may not be sufficient to support larger scale operations, and enhancements to these capabilities may require additional investment, time and management attention. There is no assurance that we will be able to manage these demands effectively, and failure to do so may materially and adversely affect our business, financial condition, results of operations and prospects.

Our strategic plans include expansion of geomancy offerings, introduction of complementary wellness-related services, enhancement of our technology infrastructure and entry into new geographic markets. These initiatives may expose us to various risks, including:

● challenges associated with entering new markets or customer segments;

● differing regulatory or licensing requirements, including those relating to wellness services;

● difficulty in hiring, training or retaining qualified personnel;

● limitations in maintaining consistent service quality across expanded offerings or platforms;

● uncertainty regarding customer acceptance of new geomancy or wellness related services;

● increased operational and administrative costs;

● risks relating to the protection of intellectual property and proprietary methodologies; and

● delays or increased costs arising from system upgrades or technology development.

Failure to address or mitigate these risks may hinder our ability to execute our growth plans, resulting in delays, cost overruns or operational inefficiencies that may impair our overall performance.

The success of our growth initiatives depends on several factors, including customer demand, market acceptance and our ability to implement operational plans effectively. These factors may not develop as expected, and the benefits of these initiatives may not materialize or may require more time or resources than anticipated. Any such outcome could materially and adversely affect our business, financial condition, results of operations and prospects.

***Rising operating costs may adversely affect our profitability.***

 ****

Profitability is influenced by the ability to manage operating costs and adjust pricing in response to changes in the cost structure. Key cost components include staff compensation, venue and event related expenses, marketing expenditure, technology and platform maintenance, and sourcing costs for curated products. These expenses may rise over time due to inflationary pressures, competition for talent or higher technology.

Passing on increased operating costs may be challenging if pricing changes are not aligned with customer expectations or the perceived value of our offerings. In such circumstances, rising expenses may lead to margin compression and adversely affect profitability.

***Adverse economic conditions may affect discretionary spending on geomancy services, memberships and curated products.***

 ****

Geomancy services, memberships and curated products are discretionary in nature. Adverse macroeconomic conditions, including inflation, changes in interest rates, weaker consumer confidence or slower economic growth, may affect customers' willingness to spend on non-essential geomancy related services or products. Fluctuations in disposable income or uncertainty about future economic conditions may result in lower demand for consultations, reduced uptake of memberships or weaker sales of curated items. Any broad-based reduction in discretionary spending may affect revenue stability and may adversely affect our business, financial condition, results of operations and prospects.

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***Customer spending patterns and discretionary demand for geomancy services may affect the growth and stability of our revenue streams.***

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As our business offers multiple revenue streams, including memberships, event participation, consultations and curated products, our revenue growth depends not only on the expansion of our user base but also on customers' willingness to spend on these offerings. Customer spending behavior may vary due to economic conditions, changes in discretionary income, perceived value of our geomancy services, or availability of alternative service options. Although an increase in users generally supports membership growth, customers may adjust their spending on higher value services, such as paid consultations or event participation, in response to market conditions or personal preferences. Any fluctuation in customer spending patterns, reductions in discretionary expenditure or variations in the uptake of our services may affect the growth, predictability or stability of our revenue and may adversely affect our business, financial condition, results of operations and prospects.

***Reliance on a single supplier for curated products may expose us to operational and supply chain risks.***

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We work with an independent third-party supplier, Decci Stainless Steel Jewelry, which sources curated products from various vendors and conducts quality control on our behalf. For the years ended September 30, 2025 and 2024, purchases from such supplier constituted 99% and 100% of our total purchases. We procure products from Decci Stainless Steel Jewelry on a purchase order basis. We have not entered into any written agreement nor do we maintain long-term contractual arrangement with Decci Stainless Steel Jewelry. Our reliance on a single supplier for these curated products may expose us to operational and business risks. Disruptions in this relationship, whether due to termination, reduced sourcing capacity, delays or lapses in quality assurance, may affect our ability to provide curated products that complement our geomancy services. Any difficulties experienced by this supplier, including challenges with their own vendors, may affect product availability, consistency or quality and could, in turn, impact customer satisfaction and our reputation. Identifying and onboarding alternative suppliers may require time and additional resources, and equivalent product quality or pricing may not always be achievable. These factors may result in delays, increased costs or variations in product quality, which could adversely affect our business, financial condition and results of operations.

***Compliance requirements relating to the sale or import of curated geomancy-related products may affect our product offerings and operations.***

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The sale of curated geomancy related items or other physical products may be subject to product safety standards, labelling rules, import controls or other consumer protection regulations, depending on the jurisdiction in which such products are sourced or sold. Regulatory requirements may differ across jurisdictions or change over time, which may require adjustments to product specifications, packaging or distribution processes. Delays in customs clearance, supply constraints or the need to replace or discontinue certain products may affect availability for customers. Any failure to comply with applicable product or import regulations, or any customer concerns relating to product quality or safety, may result in reputational impact or increased operating costs, and may adversely affect our business, financial condition, results of operations and prospects.

***Reliance on third party vendors for technology development may expose us to operational and performance risk.***

Development of AI-powered tools used to generate geomancy insights is carried out in collaboration with an external technology vendor. Reliance on a third-party developer exposes our Group to risks associated with development quality, adherence to timelines, system integration and ongoing maintenance. The vendor may experience delays, resource constraints or technical issues that affect its ability to deliver stable and reliable tools.

Applications developed externally may contain bugs, defects or performance issues that are not identified during testing. Such issues could disrupt service delivery, affect user experience or require additional time and cost to resolve. Limited visibility over the vendor's development processes may also constrain our ability to monitor code quality or ensure timely remediation.

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Ongoing updates and maintenance of these AI powered tools depend on the availability, capability and continuity of the third-party vendor. Changes in personnel, gaps in technical expertise or business disruptions at the vendor may affect performance or reliability. Difficulties arising from vendor performance, system defects or integration challenges may adversely affect customer confidence, operational efficiency and the perceived reliability of our technology assisted insights, which could in turn impact our business, reputation and financial performance.

***Insurance coverage may be insufficient to protect against business risks.***

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We may be exposed to operational or commercial risks that could give rise to claims, disputes or other liabilities. Insurance coverage may not always be available for all types of risks relevant to our business, and suitable policies may not be obtainable on commercially acceptable terms. In addition, coverage limits, exclusions or other restrictions may limit the extent to which losses can be recovered.

Events such as service disputes, business interruptions, technology incidents or other unforeseen circumstances may therefore result in losses that are only partially recoverable or not recoverable at all. Addressing such events may require significant financial resources and may divert management attention from ongoing operations.

Any uninsured or underinsured loss could adversely affect our business, financial performance and prospects.

***Inadequate internal controls or processes may adversely affect our operations and business performance.***

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We rely on internal controls, financial reporting processes and operational procedures to support day to day activities and to ensure the accuracy and integrity of information used in decision making. As the scope and complexity of our operations increase, these controls, systems and procedures may need to be strengthened or adapted to remain effective. Internal controls may not always detect or prevent errors, information lapses or procedural weaknesses. Limitations may arise from system constraints, human error, insufficient segregation of duties or delays in updating policies and procedures. Efforts to enhance internal controls may require additional resources and may not fully eliminate all risks.

Any failure to maintain effective internal controls, or any deficiencies that compromise the reliability of information or the efficiency of operations, may impair our ability to manage its business and may adversely affect our financial performance and prospects.

***Fraud, misconduct or non-compliance by employees or third parties may adversely affect our business.***

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Fraud, misconduct or non-compliance may arise from employees or third parties through unauthorized transactions, misuse of resources, breaches of internal policies or violations of law. Such activities can be difficult to detect or prevent and may result in financial loss, regulatory action, reputational harm or operational disruption. Internal controls and routine oversight help mitigate these risks, but improper conduct may not always be detected promptly, particularly where it is deliberate, involves collusion or is carried out in ways that are not apparent through ordinary processes. It may not always be possible to detect improper conduct promptly or in every case.

Any episode of fraud, misconduct or non-compliance may undermine user trust, strain business relationships, divert management attention or expose the organization to penalties or other adverse consequences. These outcomes may, in turn, affect financial performance and prospects.

***Reliance on the expertise of our founder and key personnel may expose us to key person risks.***

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Our geomancy consulting services and the development of content and methodologies rely significantly on the expertise and reputation of Ms. LIM Kiam Kiam. Her experience and analytical approach form an important foundation of our offerings, and we are therefore exposed to key person risks. Any inability of Ms. LIM Kiam Kiam to continue providing services, whether due to health, personal circumstances or other unforeseen events, may affect the delivery or perceived credibility of certain services and the long-term sustainability of the business. Reputational issues relating to her, even if unfounded, may also influence customer confidence.

To support long-term continuity, we are developing AI powered tools that systematize and scale the knowledge and analytical frameworks applied by Ms. LIM Kiam Kiam. These tools are intended to broaden accessibility and reduce operational concentration on any single individual. However, such initiatives do not eliminate the importance of her oversight and continued involvement. The loss of access to Ms. LIM Kiam Kiam's expertise, or a significant decline in customer confidence associated with her, could adversely affect our brand, business operations, financial condition and growth prospects.

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***Our strategic alliances, investments or acquisitions may have a material adverse effect on our business, financial condition, results of operations and prospects.***

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We may from time to time evaluate opportunities for strategic investments, acquisitions or alliances to enhance our capabilities, expand our service offerings or strengthen our competitive position. Such transactions inherently involve a range of risks, including the possibility that anticipated benefits do not materialize, integration efforts prove more difficult or costly than expected, or the acquired assets or investments require impairment or write-downs. Integrating new operations, technologies, services or personnel may also divert management's attention and resources from ongoing operations, and unexpected liabilities or compliance obligations may arise in connection with such transactions. In addition, strategic alliances with third parties may expose us to risks such as leakage of proprietary information, dependency on counterparties' performance, misalignment of commercial objectives or increased operational costs associated with managing these relationships.

Any of these risks may affect the performance or expected outcomes of the relevant strategic initiative and, in turn, may have a material adverse effect on our business, financial condition, results of operations and prospects.

***We***  ***may require additional capital which may not be available on acceptable terms or at all.***

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Future expansion plans, operational needs or strategic initiatives may necessitate access to additional capital. Should existing cash resources prove inadequate to meet funding requirements, we may need to seek external financing through equity issuances, debt facilities or other capital raising arrangements. The availability, timing and terms of any such financing are subject to factors beyond our control, including our financial performance, prevailing market conditions, interest rate environment, investor sentiment and the liquidity of capital markets. There can be no assurance that additional capital will be obtainable when required, in the amounts sought or on commercially acceptable terms.

In circumstances where financing cannot be secured or can only be obtained on terms that are not commercially favorable, our ability to pursue planned initiatives or support ongoing operations may be constrained. Debt financing may increase financial obligations and impose restrictive covenants, while the issuance of equity or equity-linked instruments may result in dilution to existing shareholders.

***Dependence on third party platforms, distribution channels and payment providers may affect the accessibility and continuity of our services and revenue streams.***

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The delivery of our services, customer engagement activities and payment processing functions relies on third party platforms and service providers, including social media channels, website hosting providers and payment processors. Changes to the terms, policies, algorithms or fee structures of these third parties may affect the visibility of our content, the cost of acquiring customers or the ease with which customers access our services. Service interruptions, outages or technical issues at the level of these third-party providers may disrupt access to our platforms, delay payments or affect overall user experience. Any interruption to the services provided by these external platforms, adverse changes in their operating conditions or restrictions on our use of their services may adversely affect our business, financial condition, results of operations and prospects.

***AI- powered***  ***geomancy applications expose us to intellectual property, data protection and technology related risks.***

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Development and deployment of AI-powered geomancy applications rely on proprietary interpretative logic, training data and methodologies, which expose us to intellectual property and data security risks. These proprietary elements may be susceptible to unauthorized copying, scraping or replication by third parties, including competitors who may attempt to imitate or reverse engineer AI-driven outputs. Any leakage or misappropriation of such intellectual property could weaken our competitive position and diminish the value of our offerings. AI-related development may also depend on third party technology providers and cloud-based infrastructure, giving rise to cybersecurity, data privacy and system integrity risks. Vulnerabilities, breaches or failures involving these systems may compromise customer data, disrupt service delivery or impair the performance of AI applications.

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The reliability and consistency of AI-powered features depend on the quality of training data, system configuration and ongoing maintenance. Weaknesses or failures in these areas may affect the accuracy or stability of AI-generated outputs. Collectively, these risks may affect our ability to safeguard proprietary knowledge, maintain customer trust or provide dependable AI-enhanced geomancy insights, which could adversely impact our business, reputation and financial performance.

***Cybersecurity breaches or technology disruptions may adversely affect our operations and reputation.***

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Our digital platforms rely on external hosting infrastructure, internet connectivity and various third-party tools to deliver content and support customer access to our services. As with other businesses operating online, we are exposed to risks arising from cybersecurity breaches, system failures and technology disruptions. These may include unauthorized access, malware, phishing attempts, distributed denial-of-service attacks, data leakage, software defects, human error or failures in third party systems on which we depend.

Although we maintain cybersecurity measures and engage service providers to support our technology operations, such measures may not fully prevent, anticipate or detect all incidents. Cybersecurity breaches or technology failures could result in service interruptions, loss or compromise of data, increased remediation costs and reputational harm. The techniques used in cyber-attacks evolve rapidly and may not be identified until after an incident occurs, which may limit our ability to respond effectively. Any significant disruption of our digital platforms or compromise of data could adversely affect customer confidence, interrupt business operations and impact our financial performance.

***Personal data breaches or failures in data protection may adversely affect our business and reputation.***

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Our digital platforms collect and process certain personal data, including basic contact details, account information and records of user interactions with our services. Safeguarding this data requires secure systems and controls to ensure that information accessed or stored by us or by our service providers is protected from unauthorized access, misuse or loss.

Although data protection measures are in place, they may not fully prevent, anticipate or detect all incidents. Any loss, unauthorized disclosure or misuse of personal data, whether resulting from cybersecurity breaches, human error, failures by third parties or other causes, may harm our reputation, reduce customer confidence, attract regulatory scrutiny and result in legal or financial liabilities.

As operations expand, we may become subject to data protection laws in additional jurisdictions. These regimes may impose more stringent or differing compliance requirements, and meeting such obligations may require additional resources or operational adjustments. Failure, or perceived failure, to comply with applicable privacy or data protection requirements may lead to penalties, increased compliance costs or disruptions to our operations, any of which could adversely affect our financial performance and prospects.

***Failure to comply with cybersecurity, data privacy, data protection, or any other laws and regulations related to data may materially and adversely affect our business, financial condition and results of operations.***

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Although certain aspects of our technology infrastructure, website hosting and system development are undertaken outside Singapore, we remain subject to Singapore personal data protection requirements, including the Singapore Personal Data Protection Act 2012 and its subsidiary legislation and regulatory guidance. As a Singapore-based corporate group that collects, uses and stores personal data relating to customers, employees or other individuals in Singapore, we are required to comply with applicable Singapore obligations relating to personal data protection, including obligations relating to consent, notification of purposes, purpose limitation, accuracy, protection, retention limitation, access and correction, overseas transfers of personal data and data breach notification, to the extent applicable.

Our reliance on third party service providers and technology infrastructure located overseas introduces additional complexities in meeting these Singapore regulatory requirements, including requirements relating to the protection of personal data, overseas transfers of personal data and the assessment and notification of notifiable data breaches. While we implement commercially available systems, software, tools and monitoring processes to protect the data that we process, transmit or store, such measures may not be sufficient to prevent improper access, misuse, system malfunction or unauthorized disclosure of personal data. Cybersecurity incidents, including malware, hacking, phishing, unauthorized access, data leaks or other similar events, may occur at the level of our service providers or technology partners and may expose us to heightened compliance risks under Singapore law. In addition, the Computer Misuse Act 1993 of Singapore criminalises certain unauthorised access, modification, obstruction, interception and other misuse of computer systems, and cyber incidents affecting our systems may involve conduct prohibited under that Act.

Any such incident may result in a breach of our statutory obligations in Singapore, including obligations relating to the protection of personal data, assessment of whether a data breach is notifiable, notification to the Personal Data Protection Commission and, where required, notification to affected individuals. These events may disrupt our operations, compromise customer information, harm our reputation, undermine customer trust or subject us to investigations, directions, penalties or enforcement actions by the Personal Data Protection Commission or other relevant Singapore authorities. Any of these consequences may materially and adversely affect our business, prospects, financial condition and results of operations.

Based on the nature of our currently disclosed business and operations, the Cybersecurity Act 2018 of Singapore does not appear to impose the same type of sector-specific cybersecurity obligations on us as it imposes on owners of designated Critical Information Infrastructure and licensed cybersecurity service providers. However, if our systems, services or operations change, or if we are designated or otherwise brought within the scope of the Cybersecurity Act 2018 or other Singapore cybersecurity regulations in the future, we may become subject to additional cybersecurity compliance, reporting, audit, information provision or other regulatory obligations.

***Service disruptions, downtime or slow system performance within our own platforms may affect customer experience and retention.***

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Access to our digital platforms depends on the stable performance of our internal systems, including the software applications, databases, platform functionalities and backend processes that support our website, membership features and service delivery. Disruptions may arise from system errors, software defects, configuration issues, capacity constraints, maintenance activities or other internal technical problems. Such issues may lead to slow loading times, reduced functionality or temporary unavailability of services. Any material decline in system performance may affect customers' ability to access geomancy insights, membership features, event information or product offerings. Repeated or prolonged disruptions may reduce customer satisfaction, weaken engagement levels or lead to the termination of memberships or other services. Any such events may adversely affect our business, reputation, financial condition and prospects.

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***User growth and engagement may be affected by factors relating to devices, operating systems and external platforms.***

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Users access our digital platforms primarily through mobile phones, tablets and computers. The performance and usability of these platforms depend in part on the compatibility of our website with different devices, operating systems, browsers and network environments, all of which are outside our control. As new devices and operating system versions are introduced, our digital platforms may experience display, performance or functional issues that require updates, optimization or redevelopment. Addressing such issues may require additional resources and may not always be completed in a timely manner. Any difficulties that impair ease of access, loading speed or overall user experience may reduce user engagement or limit our ability to attract new users.

Future growth may also be affected by factors such as changes in third party browser policies, reduced visibility on search engines, or unfavorable comparisons to competing online geomancy or advisory services. Increased marketing or technology costs may be required to maintain user activity and traffic levels. If users experience difficulty accessing or using our digital platforms, or if accessibility deteriorates across commonly used devices or operating systems, user growth and engagement may be adversely affected, which could impact our business, financial performance and prospects.

***Unauthorized use or imitation of our intellectual property may undermine our competitive position and adversely affect our business.***

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We rely on proprietary content, methodologies, digital materials and branding that have been developed through years of experience and practice. These include written content, geomancy analysis frameworks, learning materials, curated product concepts, audiovisual content and technology related assets. Given that a large part of our proprietary materials is made available through digital channels or public presentations, it may be vulnerable to copying, extraction or imitation by third parties.

Measures such as confidentiality obligations, contractual restrictions and internal controls provide only limited protection. Third parties may nevertheless reproduce, adapt or imitate elements of our content, services or online user experience, and such activities may not always be detected or prevented in a timely manner. Enforcement actions may be costly, time consuming and uncertain in outcome, and may not result in meaningful remedies. Any inability to prevent unauthorized use or imitation of proprietary materials may weaken our competitive differentiation, reduce the uniqueness of our offerings and adversely affect our business, financial performance and prospects.

***Protecting and enforcing our trademarks and brand assets in overseas markets may be challenging and may affect our business expansion.***

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As we expand our customer reach to overseas Chinese communities and other international markets, the protection and enforcement of our trademarks, brand names and other brand assets may be subject to different legal standards, registration requirements and enforcement mechanisms across jurisdictions. Variations in trademark laws, longer registration timelines and differences in the scope of protection available may limit our ability to prevent the unauthorized use or imitation of our brand in certain regions. In some jurisdictions, third parties may register identical or similar marks before us, which may restrict our ability to use or promote our brand or require us to undertake legal or administrative proceedings to resolve conflicts. Difficulties in securing timely registrations or enforcing our intellectual property rights overseas may affect brand recognition, create barriers to market entry or lead to reputational risks, and may adversely affect our business, financial condition, results of operations and prospects.

***Third party intellectual property claims may adversely affect our business and operations.***

Our content, digital materials, technology tools and other business activities may, in the future, be alleged to infringe intellectual property rights held by third parties. As intellectual property rights can be uncertain in scope and may not always be identifiable through reasonable searches, there is a risk that certain proprietary materials owned by others may overlap with, or be claimed to relate to aspects of our content, services or online platforms. Third parties may, from time to time assert infringement claims, whether or not such claims have merit. Responding to these claims may require significant management attention and financial resources, and defending such matters may be costly and time consuming. Even if we believe we have a strong defense, there is no assurance that proceedings will be resolved in our favor.

If an infringement claim is successful, we may be required to pay damages, enter into royalty or licensing arrangements, modify or discontinue certain content or features, or take other remedial actions. Such outcomes may disrupt operations, limit our ability to deliver certain services or affect the development of future offerings. Any claim, dispute or associated costs arising from allegations of intellectual property infringement may adversely affect our business, reputation, financial performance and prospects.

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***Dependence on key personnel and challenges in attracting or retaining qualified staff may adversely affect our operations and prospects.***

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Our performance depends significantly on the continued contribution of key personnel, including individuals involved in geomancy content development, digital platform management, technology implementation and operational support. We rely on a small internal team primarily engaged in geomancy content coordination, business operations and administrative support functions, while key technology development and digital platform implementation are largely performed by third-party service providers. Their expertise and experience are important to the delivery of our offerings and to the execution of our business strategy. The specialized nature of geomancy and related advisory content means that suitable candidates for certain roles may be limited. Competition for qualified personnel may be intense, and the pool of individuals with relevant experience may be limited. Recruiting or retaining individuals with the required skills in geomancy content creation, technology development or digital operations may be challenging, and we may need to offer competitive compensation or invest additional resources in training. There is no assurance that these efforts will succeed.

Our geomancy services are provided exclusively by Ms. LIM Kiam Kiam, our founder, Chairlady and Director, and none of our other employees directly provide geomancy consultations, interpretive services or professional geomancy advice. Our other employees are primarily engaged in management, accounting, administrative, sales and marketing support functions for day-to-day operations, while technology-related functions are performed by third-party service providers. Our business depends in significant part on the expertise, reputation and continued involvement of Ms. LIM Kiam Kiam. Her experience and analytical approach have contributed to the development of our geomancy services, content frameworks and methodologies, and the credibility of certain aspects of our offerings is associated with her professional standing. As a result, we are exposed to key person risk.

Any inability of Ms. LIM Kiam Kiam to continue to contribute to us, whether due to health issues, personal circumstances or other unforeseen events, could affect the delivery, consistency or perceived credibility of our geomancy services and may adversely affect customer confidence. Reputational issues relating to her, even if unfounded, may also influence public perception of our offerings.

The departure of any senior personnel or individuals with specialized knowledge may affect the continuity, consistency or quality of certain offerings, disrupt ongoing initiatives and require time and resources to recruit and train suitable replacements. In addition, former personnel who join or establish competing platforms may draw away users or partners, potentially affecting the company's business and market position. Any inability to attract, retain or motivate key personnel or qualified staff may adversely affect our business, operations, financial performance and prospects.

***Exposure to political, economic, regulatory and social developments across different jurisdictions may affect business operations and performance.***

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The business engages customers in Singapore, Indonesia, Hong Kong, mainland China and various overseas Chinese communities. As operations or customer reach extend across multiple jurisdictions, we are exposed to political, economic, regulatory and social developments that may influence demand, operational conditions or compliance requirements. Many of these factors are outside our control.

Relevant risks include, among others:

● **Regulatory requirements affecting business operations**, including rules relating to consumer protection, advertising practices, online content, event organization and the sale of products in certain jurisdictions.

● **Differences in data protection and privacy laws**, particularly as digital platforms handle user information across borders.

● **Variations in intellectual property protection and enforcement**, which may affect the safeguarding of proprietary educational or geomancy related content.

● **Macroeconomic conditions**, including inflation, interest rates, employment trends and general consumer sentiment, which may influence spending on discretionary consulting services.

● **Foreign exchange fluctuations** affecting cross border revenue or expenses.

● **Public health situations** or restrictions that may affect in-person events or limit the ability to conduct seminars or consultations.

● **Social or cultural sensitivities** toward geomancy related services, including differing levels of acceptance across regions.

The regulatory and operating environments in these jurisdictions may change over time. New or amended laws, shifts in regulatory interpretation, or more stringent enforcement may require operational adjustments, the implementation of new compliance measures or changes to customer-facing practices.

Failure to adapt to evolving regulatory, economic or social conditions, or any adverse developments in the jurisdictions from which customers are drawn, may affect customer engagement, increase compliance and operating costs or disrupt planned activities. These factors may have a material adverse effect on our business, financial condition, results of operations and prospects.

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***Exposure to infectious diseases, natural disasters and other catastrophic events may adversely affect operations.***

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Outbreaks of infectious or communicable diseases, as well as other large scale public health incidents, may disrupt normal business activities and affect customer behavior. Restrictions on movement, reduced consumer spending, limitations on in-person activities or changes in event attendance may reduce demand for consulting services, delay planned initiatives or affect customer engagement. Staff availability may also be impacted during periods of widespread illness or quarantine requirements, which may in turn affect operational continuity.

Natural disasters and other catastrophic events, including extreme weather, fires, floods, power outages, acts of terrorism, civil unrest or geopolitical conflicts, may result in business interruptions, disruptions to digital services, damage to equipment or facilities or reduced customer activity. Broader economic uncertainty arising from such events may also affect consumer confidence and discretionary spending.

Other events outside our control, such as vendor system failures, deliberate criminal acts or prolonged service outages, may likewise cause operational interruptions. Any significant disruption arising from public health incidents, natural disasters or other catastrophic events may have a material adverse effect on our business, financial condition, results of operations and prospects.

***Risks Related to Doing Business in Singapore***

***Developments in Singapore's social, political, regulatory and economic environment may affect our operations and business performance.***

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As Singapore is the location of our corporate headquarters and the place for our key management and administrative functions, developments in Singapore's social, political, regulatory and economic environment may affect our business operations. Our business relies on Singapore's stable regulatory environment, digital infrastructure, availability of skilled talent, and overall economic conditions. Any changes in these areas, including adjustments to policies governing digital services, online content, geomancy-related services, wellness-related activities, data protection, consumer protection or AI, may require us to modify our processes, systems or service offerings.

The cost of operating in Singapore, including labor, technology and compliance related expenses, may increase over time. Constraints in talent availability or shifts in manpower regulations may affect our ability to recruit or retain personnel with the expertise needed to support our digital platform and service development. Disruptions affecting Singapore's infrastructure, such as connectivity issues, power interruptions or limitations in cloud service availability, may also affect the operation and continuity of our platforms.

Singapore's domestic market is relatively small and our long-term growth depends on serving customers outside Singapore. Any weakening in consumer sentiment or changes in economic conditions within Singapore may affect spending on discretionary services, including geomancy-related services and wellness offerings. Although Singapore has historically maintained a stable and well-regulated environment, there is no assurance that such conditions will persist. Any adverse developments in Singapore may materially affect our business, prospects, financial condition and results of operations.

***Epidemics, natural disasters, adverse weather conditions and other events outside our control may materially disrupt our business.***

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As our corporate headquarters, key management functions and core administrative activities are located in Singapore, our business may be affected by disruptions arising from unforeseeable circumstances such as power outages, labor disputes, severe weather conditions, epidemics and other significant events occurring in Singapore. Any material disruption in Singapore may impact the continuity of our digital platforms, wellness and geomancy related services, and the coordination of our regional operations. These events may also influence local market conditions, consumer sentiment, and business confidence in Singapore. Any such disruptions may cause damage or interruption to our operations, customers or partners, any of which could materially and adversely affect our business, prospects, financial condition and results of operations.

***Evolving laws, regulations, standards and policies may increase our compliance obligations and operational risks.***

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The laws, regulations, standards and policies in the jurisdictions in which we operate or may in the future operate continue to evolve and may change rapidly. As a provider of digital platforms offering astrology insights, geomancy related services, wellness content and AI-enabled features, our business may become subject to new or expanded regulatory requirements relating to digital services, online content, data protection, consumer protection, advertising and other areas relevant to our operations. Compliance with existing and new requirements may increase our operating costs and may require adjustments to our systems, processes or service offerings.

The costs of compliance, including investigating and remediating any issues and implementing changes required by new or amended laws, may be significant. Any failure to comply, whether actual or perceived, could result in additional expenses, delays, penalties or liability, and could harm our reputation, brand and business prospects. As we expand into new markets, we are reviewing applicable laws and regulations in each jurisdiction, including requirements for approvals, licenses and permits. The ongoing development of regulatory frameworks in these markets may lead to a patchwork of differing or conflicting requirements, which could further increase our compliance costs or otherwise adversely affect our business.

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***The ability of our subsidiary in Singapore to distribute dividends to us may be subject to restrictions under applicable laws.***

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We are an exempted company registered and incorporated in the Cayman Islands as a holding company, and our operations are conducted through our Singapore subsidiary. Our ability to meet our cash requirements depends, in part, on the receipt of dividends or other distributions from this subsidiary. Under section 403 of the Companies Act 1967 of Singapore, no dividend is payable to the shareholders of a Singapore company except out of profits, and dividends may not be paid out of capital. Singapore law does not prescribe a separate statutory solvency test for ordinary dividends, but directors are required to have regard to the company's financial position and their duties under Singapore law, including, where relevant, duties relating to the interests of creditors, when determining whether a dividend should be declared or paid. Accordingly, if our Singapore subsidiary does not have sufficient profits available for distribution, or if the declaration or payment of dividends would be inconsistent with applicable Singapore law or directors' duties, it may be restricted from declaring or paying dividends to us. Although there are currently no foreign exchange controls in Singapore that limit the remittance of dividends to non-resident shareholders, there is no assurance that the existing regulatory framework will remain unchanged. Amendments to Singapore laws or the introduction of foreign exchange controls, capital flow restrictions or other regulatory measures could affect the ability of our Singapore subsidiary to distribute dividends or make other payments to us in the future.

Any limitation on the ability of our Singapore subsidiary to declare or pay dividends, whether due to legal, regulatory, financial or other restrictions, may affect our liquidity, our ability to fund operations or expansion plans and our capacity to meet our cash obligations.

**Risks Related to Our Ordinary Shares and This Offering**

***There has been no public market for our Ordinary Shares prior to the completion of this offering, and you may not be able to resell our Ordinary Shares at or above the price you pay for them, or at all.***

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Prior to the completion of this offering, there has not been a public market for our Ordinary Shares. We plan to apply for the listing of our Ordinary Shares on the Nasdaq Capital Market. An active public market for our Ordinary Shares, however, may not develop or be sustained after the offering, in which case the market price and liquidity of our Ordinary Shares will be materially and adversely affected.

***The initial public offering price for our Ordinary Shares may not be indicative of prices that will prevail in the trading market and such market prices may be volatile.***

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The initial public offering price for our Ordinary Shares will be determined by negotiations between us and the underwriters, and may not bear a direct relationship to our earnings, book value, or any other indicia of value. We cannot assure you that the market price of our Ordinary Shares will not decline significantly below the initial public offering price. The financial markets in the United States and other countries have experienced significant price and volume fluctuations in the last few years. Volatility in the price of our Ordinary Shares may be caused by factors outside of our control and may be unrelated or disproportionate to changes in our results of operations.

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***You will experience immediate and substantial dilution in the net tangible book value of Ordinary Shares purchased.***

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The initial public offering price of our Ordinary Shares is substantially higher than the (pro forma) net tangible book value per share of our Ordinary Shares. Consequently, when you purchase our Ordinary Shares in the offering, upon completion of the offering, you will incur immediate dilution of $4.79 per share, assuming an initial public offering price of $7.00, the midpoint of the estimated initial public offering price range set forth on the front cover of this prospectus. See *"Dilution"*. In addition, you may experience further dilution to the extent that additional Ordinary Shares are issued upon exercise of outstanding options we may grant from time to time.

***If we fail to implement and maintain an effective system of internal controls, we may be unable to accurately or timely report our results of operations or prevent fraud, and investor confidence and the market price of our Ordinary Shares may be materially and adversely affected.***

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Prior to the completion of this offering, we have been a private company with limited accounting personnel. Furthermore, prior to the completion of this offering, our management has not performed an assessment of the effectiveness of our internal control over financial reporting, and our independent registered public accounting firm has not conducted an audit of our internal control over financial reporting. Effective internal control over financial reporting is necessary for us to provide reliable financial reports and, together with adequate disclosure controls and procedures, is designed to prevent fraud.

Our failure to implement and maintain effective internal controls over financial reporting could result in errors in our financial statements that could result in a restatement of our financial statements, cause us to fail to meet our reporting obligations and cause investors to lose confidence in our reported financial information, which may result in volatility in and a decline in the market price of our Ordinary Shares.

Upon the completion of this offering, we will become a public company in the United States subject to the Sarbanes-Oxley Act of 2002. Section 404 of the Sarbanes-Oxley Act of 2002, or Section 404, will require that we include a report of management on our internal control over financial reporting in our annual report on Form 20-F. In addition, if we cease to be an "emerging growth company" as such term is defined in the JOBS Act, our independent registered public accounting firm must attest to and report on the effectiveness of our internal control over financial reporting on an annual basis. Our management may conclude that our internal control over financial reporting is not effective. Moreover, even if our management concludes that our internal control over financial reporting is effective, our independent registered public accounting firm, after conducting its own independent testing, may issue a report that is qualified if it is not satisfied with our internal controls or the level at which our controls are documented, designed, operated or reviewed, or if it interprets the relevant requirements differently from us. In addition, after we become a public company, our reporting obligations may place a burden on our management, operational and financial resources and systems for the foreseeable future. We may be unable to timely complete our evaluation testing and any required remediation.

During the course of documenting and testing our internal control procedures, in order to satisfy the requirements of Section 404, we may identify material weaknesses and deficiencies in our internal control over financial reporting. The Public Company Accounting Oversight Board, or PCAOB, has defined a material weakness as "a deficiency, or a combination of deficiencies in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the annual or interim statements will not be prevented or detected on a timely basis".

The material weaknesses identified include: (i) a lack of sufficient accounting personnel with appropriate understanding of U.S. GAAP and SEC reporting requirements and (ii) a lack of comprehensive accounting policies and procedures manual to facilitate preparation of U.S. GAAP financial statements.

In addition, if we fail to maintain the adequacy of our internal control over financial reporting, as these standards are modified, supplemented or amended from time to time, we may not be able to conclude on an ongoing basis that we have effective internal control over financial reporting in accordance with Section 404. Generally speaking, if we fail to achieve and maintain an effective internal control environment, we could suffer material misstatements in our financial statements and fail to meet our reporting obligations, which would likely cause investors to lose confidence in our reported financial information. This could, in turn, limit our access to capital markets, harm our results of operations and lead to a decline in the trading price of our Ordinary Shares. Additionally, ineffective internal control over financial reporting could expose us to increased risk of fraud, misuse of corporate assets and legal actions under the United States securities laws and subject us to potential delisting from Nasdaq, to regulatory investigations and to civil or criminal sanctions.

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***We are an emerging growth company within the meaning of the Securities Act and may take advantage of certain reduced reporting requirements.***

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We are an "emerging growth company", as defined in the JOBS Act, and we may take advantage of certain exemptions from various requirements applicable to other public companies that are not emerging growth companies including, most significantly, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act for so long as we are an emerging growth company. As a result, if we elect not to comply with such auditor attestation requirements, our investors may not have access to certain information they may deem important.

The JOBS Act also provides that an emerging growth company does not need to comply with any new or revised financial accounting standards until such date that a private company is otherwise required to comply with such new or revised accounting standards. In other words, an "emerging growth company" can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the extended transition period, although we have already adopted certain new and revised accounting standards based on transition guidance permitted under such standards. As a result of this election, our future financial statements may not be comparable to other public companies that comply with the public company effective dates for these new or revised accounting standards.

***Our Ordinary Shares may be delisted under the HFCA Act if the PCAOB is unable to inspect our auditors for two consecutive years.***

The HFCA Act was enacted on December 18, 2020. The HFCA Act states if the SEC determines that a company has filed audit reports issued by a registered public accounting firm that has not been subject to inspection by the PCAOB for three consecutive years beginning in 2021, the SEC shall prohibit such Ordinary Shares from being traded on a national securities exchange or in the over the counter trading market in the U.S.

On March 24, 2021, the SEC adopted interim final rules relating to the implementation of certain disclosure and documentation requirements of the HFCA Act. A company will be required to comply with these rules if the SEC identifies it as having a "non-inspection" year under a process to be subsequently established by the SEC. On September 22, 2021, the PCAOB adopted a final rule implementing the HFCA Act, which provides a framework for the PCAOB to use when determining, as contemplated under the HFCA Act, whether the PCAOB is unable to inspect or investigate completely registered public accounting firms located in a foreign jurisdiction because of a position taken by one or more authorities in that jurisdiction. On December 2, 2021, the SEC issued amendments to finalize rules implementing the submission and disclosure requirements in the HFCA Act. The rules apply to registrants that the SEC identifies as having filed an annual report with an audit report issued by a registered public accounting firm that is located in a foreign jurisdiction and that PCAOB is unable to inspect or investigate completely because of a position taken by an authority in foreign jurisdictions. On December 16, 2021, the PCAOB issued a Determination Report which found that the PCAOB was unable to inspect or investigate completely registered public accounting firms headquartered in mainland China and Hong Kong. Our auditor is headquartered in Hong Kong and was not identified in this report as a firm subject to the PCAOB's determination. On December 15, 2022, the PCAOB Board determined that the PCAOB was able to secure complete access to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong and voted to vacate its previous determinations to the contrary. However, should PRC authorities fail to agree the PCAOB's intervention in the future, the PCAOB Board will consider the need to issue a new determination. Notwithstanding the foregoing, in the event it is later determined that the PCAOB is unable to inspect or investigate completely our auditor, then such lack of inspection could cause our securities to be delisted from the stock exchange.

On December 29, 2022, the President signed the Consolidated Appropriations Act, 2023, which, among other things, amended the HFCA Act by requiring the SEC to prohibit an issuer's securities from trading on any U.S. stock exchanges if its auditor is not subject to PCAOB inspections for two consecutive years instead of three, and thus, reduced the time before our Ordinary Shares may be prohibited from trading or delisted. The delisting of our Ordinary Shares, or the threat of their being delisted, may materially and adversely affect the value of your investment.

Furthermore, various equity-based research organizations have recently published reports on mainland China-based companies after examining their corporate governance practices, related party transactions, sales practices and financial statements, and these reports have led to special investigations and listing suspensions on U.S. national exchanges. Any similar scrutiny on us, regardless of its lack of merit, could cause the market price of our Ordinary Shares to fall, divert management resources and energy, cause us to incur expenses in defending ourselves against rumors, and increase the premiums we pay for director and officer insurance.

Our auditor, AOGB CPA Limited, headquartered in Hong Kong, the independent registered public accounting firm that issues the audit report included elsewhere in this prospectus, as an auditor of companies that are traded publicly in the United States and a firm registered with the PCAOB, is subject to laws in the United States pursuant to which the PCAOB conducts regular inspections to assess its compliance with the applicable professional standards. The PCAOB currently has access to inspect the working papers of our auditor. However, the recent developments would add uncertainties to our offering and we cannot assure you whether Nasdaq or regulatory authorities would apply additional and more stringent criteria to us after considering the effectiveness of our auditor's audit procedures and quality control procedures, adequacy of personnel and training, or sufficiency of resources, geographic reach or experience as it relates to the audit of our financial statements.

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***Our management team has no experience managing a public company.***

Our management team has no experience managing a publicly traded company, interacting with public company investors, and complying with the increasingly complex laws pertaining to public companies. We are subject to significant regulatory oversight and reporting obligations under the federal securities laws and the continuous scrutiny of securities analysts and investors. These obligations and constituents require significant attention from our senior management and could divert their attention away from the day-to-day management of our business, which could adversely affect our business, financial condition, and operating results.

***We will incur substantial increased costs as a result of being a public company.***

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Upon consummation of this offering, we will incur significant legal, accounting, and other expenses as a public company that we did not incur as a private company. The Sarbanes-Oxley Act, as well as rules subsequently implemented by the SEC and Nasdaq, impose various requirements on the corporate governance practices of public companies.

Compliance with these rules and regulations increases our legal and financial compliance costs and makes some corporate activities more time-consuming and costlier. In addition, we incur additional costs associated with our public company reporting requirements. It may also be more difficult for us to find qualified persons to serve on our board or as executive officers.

After we are no longer an "emerging growth company", or until five years following the completion of our initial public offering, whichever is earlier, we expect to incur significant additional expenses and devote substantial management effort toward ensuring compliance with the requirements of Section 404 and the other rules and regulations of the SEC. For example, as a public company, we have been required to increase the number of independent directors and adopt policies regarding internal controls and disclosure controls and procedures.

We are currently evaluating and monitoring developments with respect to these rules and regulations, and we cannot predict or estimate with any degree of certainty the amount of additional costs we may incur or the timing of such costs.

***Substantial future sales of our Ordinary Shares or the anticipation of future sales of our Ordinary Shares in the public market could cause the price of our Ordinary Shares to decline.***

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Sales of substantial amounts of our Ordinary Shares in the public market after this offering, or the perception that these sales could occur, could cause the market price of our Ordinary Shares to decline. An aggregate of 7,738,095 Ordinary Shares are issued and outstanding before the consummation of this offering and up to 11,904,762 Ordinary Shares will be issued and outstanding immediately after the consummation of this offering. Substantial sales of these shares into the market could cause the market price of our Ordinary Shares to decline.

***We do not intend to pay dividends for the foreseeable future.***

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We have not previously declared or paid any cash dividends and we do not have any present plan to pay any cash dividends on our Ordinary Shares in the foreseeable future after this offering. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business. As a result, you may only receive a return on your investment in our Ordinary Shares if the market price of our Ordinary Shares increases.

***If securities or industry analysts do not publish research or reports about our business, or if they publish a negative report regarding our Ordinary Shares, the price of our Ordinary Shares and trading volume could decline.***

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Any trading market for our Ordinary Shares may depend in part on the research and reports that industry or securities analysts publish about us or our business. We do not have any control over these analysts. If one or more of the analysts who cover us downgrade us, the price of our Ordinary Shares would likely decline. If one or more of these analysts cease coverage of our company or fail to regularly publish reports on us, we could lose visibility in the financial markets, which could cause the price of our Ordinary Shares and the trading volume to decline.

***The trading price of our Ordinary Shares may be volatile or may decline regardless of our operating performance, which could result in substantial losses to investors.***

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There have been instances of extreme stock price run-ups followed by rapid price declines and strong stock price volatility with a number of recent initial public offerings, especially among companies with relatively smaller public floats. As a relatively small-capitalized company with relatively small public float after this offering, we may experience greater stock price volatility, lower trading volume and less liquidity than large-capitalized companies. In particular, our Ordinary Shares may be subject to rapid and substantial price volatility, low volumes of trades and large spreads in bid and ask prices due to factors beyond our control. Such volatility, including any stock-run up, may be unrelated to our actual or expected operating performance and financial condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of our Ordinary Shares. In addition to market and industry factors, the price and trading volume for our shares may be highly volatile for factors specific to our own operations, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;(a) actual
 or anticipated fluctuations in our revenue and other operating results;

(b) the
 financial projections we may provide to the public, any changes in these projections or our failure to meet these projections;

(c) actions
 of securities analysts who initiate or maintain coverage of us, changes in financial estimates by any securities analysts who follow
 our company, or our failure to meet these estimates or the expectations of investors;

(d) announcements
 by us or our competitors of significant products or features, technical innovations, acquisitions, strategic partnerships, joint
 ventures, or capital commitments;

(e) additions
 or departures of key personnel;

(f) release
 of lock-up or other transfer restrictions on our issued and outstanding equity securities or sales of additional equity securities;
 and

(g) potential
 litigation or regulatory investigations.

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In addition, the stock markets have experienced extreme price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many companies. Stock prices of many companies have fluctuated in a manner unrelated or disproportionate to the operating performance of those companies. In the past, stockholders have filed securities class action litigation following periods of market volatility. If we were to become involved in securities litigation, it could subject us to substantial costs, divert resources and the attention of management from our business, and adversely affect our business, financial condition, results of operations and prospects.

***Our dual-class voting structure will limit your ability to influence corporate matters requiring shareholder approval, and could discourage others from pursuing any change of control transactions that holders of our Ordinary Shares may view as beneficial.***

 ****

Our authorized share capital is consisted of Ordinary Shares. Holders of Ordinary Shares will be entitled to one (1) vote per share. We will issue Ordinary Shares in this offering.

Upon the completion of this offering, Ms. LIM Kiam Kiam will beneficially own 7,738,095 Ordinary Shares and will control approximately 65.0% of the aggregate voting power of our total issued and outstanding share capital immediately after the completion of this offering, assuming the underwriters do not exercise their over-allotment option and a total of 4,166,667 Ordinary Shares are issued in the offering. As a result of the dual-class share structure and the concentration of ownership, Ms. LIM Kiam Kiam will be able to unilaterally decide all corporate matters requiring shareholder approval, such as election of directors, amendment of constitutional documents including our memorandum and articles of association, and significant corporate transactions. Such holders may take actions that are not in the best interest of us or our other shareholders. This concentration of ownership may also discourage, delay or prevent a change in control of our Company, which could have the effect of depriving our other shareholders of the opportunity to receive a premium for their shares as part of a sale of our Company and may reduce the price of our Ordinary Shares. This concentrated control will limit your ability to influence corporate matters and could discourage others from pursuing any potential merger, takeover or other change of control transactions that holders of Ordinary Shares may view as beneficial.

***Our management has broad discretion to determine how to use the funds raised in the offering and may use them in ways that may not enhance our results of operations or the price of our Ordinary Shares.***

 ****

We anticipate that we will use the net proceeds from this offering for working capital and other corporate purposes. See *"Use of Proceeds."* However, our management will have significant discretion as to the use of the net proceeds to us from this offering and could spend the net proceeds in ways that do not improve our results of operations or enhance the trading price of our Ordinary Shares. The net proceeds from this offering may be placed in investments that do not produce income or that lose value. You will not have the opportunity, as part of your investment decision, to assess whether proceeds are being used appropriately.

***If we cease to qualify as a foreign private issuer, we would be required to comply fully with the reporting requirements of the Exchange Act applicable to U.S. domestic issuers, and we would incur significant additional legal, accounting and other expenses that we would not incur as a foreign private issuer.***

 ****

We expect to qualify as a foreign private issuer upon the completion of this offering. As a foreign private issuer, we will be exempt from the rules under the Exchange Act prescribing the furnishing and content of proxy statements, and our officers, directors and principal shareholders will be exempt from the reporting and short-swing profit recovery provisions contained in Section 16 of the Exchange Act. In addition, we will not be required under the Exchange Act to file periodic reports and financial statements with the SEC as frequently or as promptly as United States domestic issuers, and we will not be required to disclose in our periodic reports all of the information that United States domestic issuers are required to disclose. While we currently expect to qualify as a foreign private issuer immediately following the completion of this offering, we may cease to qualify as a foreign private issuer in the future, in which case we would incur significant additional expenses that could have a material adverse effect on our results of operations.

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***As we are a foreign private issuer and are exempt from certain Nasdaq corporate governance standards applicable to U.S. issuers, you will have less protection than you would have if we were a domestic issuer.***

 ****

Nasdaq listing rules require listed companies to have, among other things, a majority of its board members be independent. As a foreign private issuer, however, we are permitted to, and we may follow home country practice in lieu of the above requirements, or we may choose to comply with the above requirement within one year of listing. The corporate governance practice in our home country, the Cayman Islands, does not require a majority of our Board to consist of independent directors. Thus, although a director must act in the best interests of the Company, it is possible that fewer Board members will be exercising independent judgment and the level of Board oversight on the management of our Company may decrease as a result. In addition, Nasdaq listing rules also require U.S. domestic issuers to have a compensation committee, a nominating/corporate governance committee composed entirely of independent directors, and an audit committee with a minimum of three members. We, as a foreign private issuer, are not subject to these requirements. Nasdaq listing rules may require shareholder approval for certain corporate matters, such as requiring that shareholders be given the opportunity to vote on all equity compensation plans and material revisions to those plans, certain ordinary share issuances. We intend to comply with the requirements of Nasdaq listing rules in determining whether shareholder approval is required on such matters and to appoint a nominating and corporate governance committee. We may, however, consider following home country practice in lieu of the requirements under Nasdaq listing rules with respect to certain corporate governance standards which may afford less protection to investors.

***We are a "controlled company" as defined under the Nasdaq listing rules and, as a result, can rely on exemptions from certain corporate governance requirements that provide protection to shareholders.***

 ****

We are a "controlled company" as defined under the Nasdaq listing rules because Ms. LIM Kiam Kiam will be the beneficial owner of an aggregate of 7,739,095 Ordinary Shares, which will represent approximately 65.0% of our aggregate voting power upon the completion of this offering (assuming the underwriters to not exercise their over-allotment option and a total of 4,166,667 Ordinary Shares are issued in the offering). As a result, we will remain a "controlled company" within the meaning of the Nasdaq Stock Market Rules and therefore we are eligible for certain exemptions from the corporate governance listing requirements of the Nasdaq. For so long as we remain a controlled company under this definition, we are permitted to elect to rely on certain exemptions from the Nasdaq corporate governance requirements, including the requirement that our director nominees be selected or recommended solely by independent directors, and that we have a nomination committee and a compensation committee that are composed entirely of independent directors with a written charter addressing the purposes and responsibilities of the committees. Although we currently do not intend to rely on the "controlled company" exemptions under the Nasdaq listing rules, we could elect to rely on these exemptions in the future, and as a result, you may not have the same protection afforded to shareholders of companies that are subject to all of the corporate governance requirements of Nasdaq.

***Although as a foreign private issuer we are exempt from certain corporate governance standards applicable to US issuers, if we cannot satisfy, or continue to satisfy, the initial listing requirements and other rules of the Nasdaq Capital Market, our securities may not be listed or may be delisted, which could negatively impact the price of our securities and your ability to sell them.***

 ****

We will seek to have our securities approved for listing on the Nasdaq Capital Market on or before consummation of this offering. We cannot assure you that our securities will be approved for listing. Even if our securities are listed on the Nasdaq Capital Market, we cannot assure you that our securities will continue to be listed on the Nasdaq Capital Market.

In addition, following this offering, in order to maintain our listing on the Nasdaq Capital Market, we will be required to comply with certain rules of the Nasdaq Capital Market, including those regarding minimum stockholders' equity, minimum share price, minimum market value of publicly held shares, and various additional requirements. Even if we initially meet the listing requirements and other applicable rules of the Nasdaq Capital Market, we may not be able to continue to satisfy these requirements and applicable rules. If we are unable to satisfy the Nasdaq Capital Market criteria for maintaining our listing, our securities could be subject to delisting.

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If the Nasdaq Capital Market does not list our securities, or subsequently delists our securities from trading, we could face significant consequences, including:

&nbsp;&nbsp;&nbsp;&nbsp;(a) a limited availability for market quotations for our Ordinary Shares;

(b) reduced liquidity with respect to our Ordinary Shares;

(c) a determination that our Ordinary Shares are "penny stock",
 which will require brokers trading in our Ordinary Shares to adhere to more stringent rules and possibly result in a reduced
 level of trading activity in the secondary trading market for our Ordinary Shares;

(d) a limited amount of news and analyst coverage; and

(e) a decreased ability to issue additional securities or obtain additional financing in the future.

***Our Board may decline to register transfers of Ordinary Shares in certain circumstances.***

 ****

Except in connection with the settlement of trades, transactions or transfers of Ordinary Shares entered into through the facilities of a stock exchange or automated quotation system on which our Ordinary Shares are listed or traded from time to time, our Board may, in its sole discretion, decline to register any transfer of any Ordinary Share which is not fully paid up or on which we have a lien. Our Directors may also decline to register any transfer of any Ordinary Share unless (i) the instrument of transfer is lodged with us, accompanied by the certificate for the shares to which it relates and such other evidence as our Board may reasonably require to show the right of the transferor to make the transfer; (ii) the instrument of transfer is in respect of only one class of shares; (iii) the instrument of transfer is properly stamped, if required; (iv) in the case of a transfer to joint holders, the number of joint holders to whom the share is to be transferred does not exceed four; (v) the shares transferred are free of any lien in favor of us; and (vi) a fee of such maximum sum as the Nasdaq Capital Market may determine to be payable, or such lesser sum as our Board may, from time to time require, is paid to us in respect thereof.

If our Directors refuse to register a transfer they shall, within two months after the date on which the instrument of transfer was lodged, send to each of the transferor and the transferee notice of such refusal. The registration of transfers may, after compliance with any notice required in accordance with the rules of the relevant stock exchange, be suspended and our register of members closed at such times and for such periods as our Board may, from time to time determine provided, however, that the registration of transfers shall not be suspended nor the register of members closed for more than 30 days in any year.

This, however, is unlikely to affect market transactions of the Ordinary Shares purchased by investors in the public offering. Once the Ordinary Shares have been listed on the Nasdaq Capital Market, the legal title to such Ordinary Shares and the registration details of those Ordinary Shares in the Company's register of members will remain with Depository Trust Company ("**DTC**")/Cede & Co. All market transactions with respect to those Ordinary Shares will then be carried out without the need for any kind of registration by the directors, as the market transactions will all be conducted through the "DTC" systems.

***You may be unable to present proposals before annual general meetings or extraordinary general meetings not called by shareholders.***

 ****

Cayman Islands law provides shareholders with only limited rights to requisition a general meeting, and does not provide shareholders with any right to put any proposal before a general meeting. These rights, however, may be provided in a company's articles of association. Our Articles of Association allow our shareholders holding shares which carry in aggregate not less than one-third of all votes attaching to the issued and outstanding shares of the Company entitled to vote at general meetings to requisition an extraordinary general meeting of our shareholders, in which case our board is obliged to convene an extraordinary general meeting and to put the resolutions so requisitioned to a vote at such meeting. Advance notice of not less than seven days is required for the convening of our annual general shareholders' meeting (if any) and any other general meeting of our shareholders. A quorum required for a general meeting of shareholders consists of, at the time when the meeting proceeds to business, at least one shareholder present or by proxy, representing not less than one-third of all votes attaching to the issued and outstanding shares in the Company entitled to vote at such general meeting of the Company.

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***If we are classified as a passive foreign investment company, United States taxpayers who own our Ordinary Shares may have adverse United States federal income tax consequences.***

 ****

A non-U.S. corporation such as ourselves will be classified as a passive foreign investment company, which is known as a PFIC, for any taxable year if, for such year, either:

&nbsp;&nbsp;&nbsp;&nbsp;(a) At
 least 75% of our gross income for the year is passive income; or

(b) The
 average percentage of our assets (determined at the end of each quarter) during the taxable year which produce passive income or
 which are held for the production of passive income is at least 50%.

Passive income generally includes dividends, interest, rents and royalties (other than rents or royalties derived from the active conduct of a trade or business), and gains from the disposition of passive assets.

Based on the current and projected composition of our income and assets (including the amount of cash we raise in this offering), and the expected value of our assets, including goodwill, which is based in part on the expected price of our Ordinary Shares in the offering, we do not expect to be a PFIC for the current taxable year. However, because PFIC status is determined on an annual basis, and therefore our PFIC status for the current taxable year and any future taxable year will depend upon the future composition of our income and assets, there can be no assurance that we will not be a PFIC for any taxable year

If we are a PFIC for any taxable year (or portion thereof) during which a U.S. taxpayer holds Ordinary Shares, we generally would continue to be treated as a PFIC with respect to that U.S. taxpayer for all succeeding years during which the U.S. taxpayer holds such Ordinary Shares, even if we ceased to meet the threshold requirements for PFIC status. In such case, such a U.S. taxpayer generally will be subject to adverse U.S. federal income tax consequences, including (i) the treatment of all or a portion of any gain on disposition as ordinary income, (ii) the application of a deferred interest charge on such gain and the receipt of certain dividends and (iii) compliance with certain reporting requirements. We do not intend to provide the information that would enable investors to make a qualified electing fund election that could mitigate the adverse U.S. federal income tax consequences should we be a PFIC. You are urged to consult your tax advisor concerning the U.S. federal income tax consequences of owning and disposing of Ordinary Shares if we are to become classified as a PFIC.

For a more detailed discussion of the application of the PFIC rules to us and the consequences to U.S. taxpayers if we were determined to be a PFIC, see "Taxation — United States Federal Income Tax Considerations."

***Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.***

 ****

If we make a liquidating distribution, any distributions received by shareholders could be viewed as an unlawful payment if it was proved that immediately following the date on which the distribution was made, we were unable to pay our debts as they fall due in the ordinary course of business. As a result, a liquidator could seek to recover some or all amounts received by our shareholders. Furthermore, our Directors may be viewed as having breached their fiduciary duties to us or our creditors and/or may have acted in bad faith, thereby exposing themselves and our Company to claims, by paying public shareholders prior to addressing the claims of creditors.

We cannot assure you that claims will not be brought against us for these reasons. Under Cayman Islands law, a Cayman Islands company may pay a dividend out of either profit or its share premium account, provided that in no circumstances may a dividend be paid out of the share premium account if this would result in the company being unable to pay its debts as they fall due in the ordinary course of business. Our Company and any Director or manager of our Company who knowingly and willfully authorizes or permits any distribution or dividend to be paid out of our share premium account while we were unable to pay our debts as they fall due in the ordinary course of business would commit an offense and may be liable to a fine of Cayman Islands dollars 15,000 and to imprisonment for five years in the Cayman Islands.

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***You may face difficulties in protecting your interests as a shareholder, as Cayman Islands law provides substantially less protection when compared to the laws of the United States and it may be difficult for a shareholder of ours to effect service of process or to enforce judgements obtained in the U.S. courts.***

 ****

We are an exempted company incorporated under the laws of the Cayman Islands. Our corporate affairs are governed by our memorandum and articles of association, as amended and by the Companies Act (As Revised) and common law of the Cayman Islands. The rights of shareholders to take legal action against our directors, officers and us, actions by minority shareholders and the fiduciary duties of our directors to us under Cayman Islands law are to a large extent governed by the common law of the Cayman Islands. The common law of the Cayman Islands is derived in part from comparatively limited judicial precedent in the Cayman Islands as well as from English common law. Decisions of the English courts are generally of persuasive authority but are not binding on the courts of the Cayman Islands. The rights of our shareholders and the fiduciary duties of our directors under Cayman Islands law are not as clearly established as they would be under statutes or judicial precedents in the United States. In particular, the Cayman Islands has a different body of securities laws as compared to the United States, and provides significantly less protection to investors. In addition, Cayman Islands companies may not have standing to initiate a shareholder derivative action before the U.S. federal courts. There is no statutory recognition in the Cayman Islands of judgments obtained in the United States, although the courts of the Cayman Islands will generally recognize and enforce a non-penal judgment of a foreign court of competent jurisdiction without retrial on the merits.

The courts of the Cayman Islands are unlikely (i) to recognize or enforce judgments of courts of the United States predicated upon the civil liability provisions of the federal securities laws of the United States or any state securities laws; and (ii) in original actions brought in the Cayman Islands, to impose liabilities predicated upon the civil liability provisions of the federal securities laws of the United States or any state securities laws, so far as the liabilities imposed by those provisions are penal in nature. In those circumstances, although there is no statutory enforcement in the Cayman Islands of judgments obtained in the United States, the courts of the Cayman Islands will recognize and enforce a foreign money judgment of a foreign court of competent jurisdiction without retrial on the merits based on the principle that a judgment of a competent foreign court imposes upon the judgment debtor an obligation to pay the sum for which judgment has been given provided certain conditions are met. For a foreign judgment to be enforced in the Cayman Islands, such judgment must be final and conclusive and for a liquidated sum, and must not be in respect of taxes or a fine or penalty, inconsistent with a Cayman Islands judgment in respect of the same matter, impeachable on the grounds of fraud or obtained in a manner, or be of a kind the enforcement of which is, contrary to natural justice or the public policy of the Cayman Islands (awards of punitive or multiple damages may well be held to be contrary to public policy). A Cayman Islands Court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere.

Currently, all of our operations are conducted outside the United States, and all of our assets are located outside the United States. All of our directors and officers are nationals or residents of jurisdictions other than the United States and all or a substantial portion of their assets are located outside the United States. As a result, it may be difficult or impossible for a shareholder to bring an action against us or against these individuals outside of the United States, or to enforce against us or them judgments obtained in U.S. courts, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States.

Shareholders of Cayman Islands exempted companies like us have no general rights under Cayman Islands law to inspect corporate records (other than the memorandum and articles of association, a list of the current directors of the company, the register of mortgages and charges and any special resolutions passed by our shareholders) or to obtain copies of lists of shareholders of these companies. Our directors are not required under our memorandum and articles of association to make our corporate records available for inspection by our shareholders. This may make it more difficult for you to obtain the information needed to establish any facts necessary for a shareholder resolution or to solicit proxies from other shareholders in connection with a proxy contest.

Certain corporate governance practices in the Cayman Islands, which is our home country, differ significantly from requirements for companies incorporated in other jurisdictions such as the United States. To the extent we choose to follow home country practice with respect to corporate governance matters, our shareholders may be afforded less protection than they otherwise would under rules and regulations applicable to U.S. domestic issuers.

As a result of all of the above, our shareholders may have more difficulty in protecting their interests through actions against us or our officers, directors or major shareholders than would shareholders of a corporation incorporated in the United States. For a discussion of significant differences between the provisions of the Companies Act and the laws applicable to companies incorporated in a U.S. state and their shareholders, see *"Description of Share Capital — Differences in Corporate Law."*

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**Special Note** **regarding Forward-Looking Statements**

This prospectus contains forward-looking statements that reflect our current expectations and views of future events. The forward-looking statements are contained principally in the sections entitled *"Prospectus Summary," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations"* and *"Business."* Known and unknown risks, uncertainties and other factors, including those listed under *"Risk Factors,"* may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements.

You can identify some of these forward-looking statements by words or phrases such as "aim," "anticipate," "believe," "continue," "estimate," "expect," "hope," "intend," "is/are likely to," "may," "plan," "potential," "predict," "target," "will," or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements include statements relating to:

● our ability to execute our strategies, manage growth and maintain our corporate culture;

● our future business development, financial conditions and results of operations;

● our expectations regarding demand for and market acceptance of our products and services;

● our ability to successfully compete in the highly competitive markets;

● our expectations regarding our relationships with service partners;

● the safety, affordability, and convenience of our platform and our offerings;

● our anticipated investments in new products and offerings, and the effect of these investments on our results of operations;

● our ability to successfully enter into new geographies, expand our presence in countries in which we are limited by regulatory restrictions, and manage our international expansion;

● our expected growth in the number of platform users, and our ability to promote our brand and attract and retain platform users;

● anticipated technology trends and developments and our ability to address those trends and developments with our products and offerings;

● our ability to identify, recruit, and retain skilled personnel, including key members of senior management;

● our ability to maintain, protect, and enhance our intellectual property rights;

● our ability to successfully acquire and integrate companies and assets;

● changes in the need for capital and the availability of financing and capital to fund these needs;

● our ability to prevent disturbance to our IT systems;

● our ability to successfully defend litigation brought against us;

● relevant government policies and regulations relating to our industry;

● man-made or natural disasters, including war, acts of international or domestic terrorism, civil disturbances, occurrences of catastrophic events and acts of God such as floods, earthquakes, wildfires, typhoons and other adverse weather and natural conditions that affect our business or assets;

● our ability to implement, maintain, and improve effective internal controls;

● our anticipated uses of net proceeds from this offering; and

● other matters beyond our control.

These forward-looking statements involve various risks and uncertainties. Although we believe that our expectations expressed in these forward-looking statements are reasonable, our expectations may later be found to be incorrect. Our actual results could be materially different from our expectations. Important risks and factors that could cause our actual results to be materially different from our expectations are generally set forth in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Business," "Regulation" and other sections in this prospectus. You should read thoroughly this prospectus and the documents that we refer to with the understanding that our actual future results may be materially different from and worse than what we expect. We qualify all of our forward-looking statements by these cautionary statements.

This prospectus contains certain data and information that we obtained from various government and private publications. Statistical data in these publications also include projections based on a number of assumptions. The industries in which we operate may not grow at the rate projected by market data, or at all. Failure of those industries to grow at the projected rate may have a material and adverse effect on our business and the market price of the Ordinary Shares. In addition, the rapidly evolving nature of this industry results in significant uncertainties for any projections or estimates relating to the growth prospects or future condition of our market. Furthermore, if any one or more of the assumptions underlying the market data are later found to be incorrect, actual results may differ from the projections based on these assumptions. You should not place undue reliance on these forward-looking statements.

The forward-looking statements made in this prospectus relate only to events or information as of the date on which the statements are made in this prospectus. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this prospectus and the documents that we refer to in this prospectus and have filed as exhibits to the registration statement, of which this prospectus is a part, completely and with the understanding that our actual future results may be materially different from what we expect.

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**Use of Proceeds**

We estimate that we will receive net proceeds from this offering of approximately US$25.38 million, or approximately US$29.75 million if the underwriters exercise their over-allotment option to purchase 625,000 additional Ordinary Shares in full, after deducting underwriting discounts and commissions and the estimated offering expenses payable by us. These estimates are based upon an assumed initial offering price of US$7.00 per Ordinary Share, the midpoint of the estimated initial public offering price range set forth on the front cover of this prospectus.

We plan to use the net proceeds of this offering as follows:

● approximately 40% for research and development of AI adaptation into geomancy methodologies and digital platforms;

● approximately 25% for international market expansion and branding;

● approximately 20% for marketing and content platform development; and

● approximately 15% for general corporate purposes, including working capital, operating expenses and capital expenditures and for strategic acquisitions<sup>1</sup>.

The precise amounts and percentage of the net proceeds we would devote to particular categories of activity will depend on prevailing market and business conditions as well as particular opportunities that may arise from time to time. This foregoing expected use of the net proceeds from this offering represents our intentions based upon our current plans and business conditions, which could change in the future as our plans and business conditions evolve. The amounts and timing of our actual expenditures may vary significantly depending on numerous factors, including any unforeseen cash needs. Similarly, the priority of our prospective uses of the net proceeds will depend on business and market conditions as they develop. Accordingly, our management will have significant flexibility and broad discretion in applying the net proceeds of the offering. If an unforeseen event occurs or business conditions change, we may use the net proceeds of this offering differently than as described in this prospectus. See *"Risk Factors — Risks Related to Our Ordinary Shares and This Offering — Our management has broad discretion to determine how to use the funds raised in the offering and may use them in ways that may not enhance our results of operations or the price of our Ordinary Shares."*

Pending any use of proceeds described above, we plan to invest the net proceeds from this offering in short-term, interest-bearing, debt instruments or demand deposits.

Although we may use a portion of the net proceeds for the acquisition of, or investment in, companies, technologies, products or assets that complement our business, we have no present understandings, commitments or agreements to enter into any acquisitions or make any investments. We cannot assure you that we will make any acquisitions or investments in the future.

<sup>1</sup> As of the date of this prospectus, no specific acquisition targets have been identified.

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**Dividend Policy**

Our Board has discretion on whether to distribute dividends, subject to certain requirements of Cayman Islands law. In addition, our shareholders may by ordinary resolution declare a dividend, but no dividend may exceed the amount recommended by our Board. In either case, all dividends are subject to certain restrictions under Cayman Islands law, namely that our Company may only pay dividends out of profits or share premium, and provided always that, in no circumstances may a dividend be paid if this would result in our Company being unable to pay its debts as they fall due in the ordinary course of business. Even if we decide to pay dividends, the form, frequency and amount will depend upon our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors that the Board may deem relevant.

We have not previously declared or paid any cash dividends and we do not have any present plan to pay any cash dividends on our Ordinary Shares in the foreseeable future after this offering. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business.

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**Capitalization**

The following table sets forth our capitalization as of September 30, 2025:

● on an actual basis;

● on a pro forma basis to give effect to the issuance and sale of [ ] Ordinary Shares by us in this offering at an assumed initial public offering price of US$[ ] per Ordinary Share, the midpoint of the estimated initial public offering price range set forth on the front cover of this prospectus, after deducting underwriting discounts and commissions and estimated offering expenses payable by us.

You should read this table together with our consolidated financial statements and the related notes included elsewhere in this prospectus and the information under "Management's Discussion and Analysis of Financial Condition and Results of Operations."

---

| | | |
|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** |
|  | **Actual** | **Pro Forma**<br> **(unaudited)**  |
|  | **(US$)** | **(US$)** |
| Cash and cash equivalents | 731655 | [ ] |
| **Shareholders' equity:** |  |  |
| &nbsp;&nbsp;&nbsp;Ordinary Shares (of par value of US$0.0001 per share; 500,000,000 Ordinary Shares authorized and 10,000 Ordinary Shares issued and outstanding, on an actual basis; [ ] Ordinary Shares issued and outstanding, on a pro forma basis) | 1 | [ ] |
| &nbsp;&nbsp;&nbsp;Subscription receivable | (1) | [ ] |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital<sup>(1)</sup> | 178252 | [ ] |
| &nbsp;&nbsp;&nbsp;Retained earnings | 792681 | [ ] |
| **Total shareholders' equity**<sup>(1)</sup> | 970933 | [ ] |
| **Total capitalization**<sup>(1)</sup> | 970933 | [ ] |

---

(1) Each
 US$1.00 increase (decrease) in the assumed initial public offering price of US$[ ] per Ordinary Share, the mid-point
 of the estimated range of the initial public offering price shown on the front cover of this prospectus, would increase (decrease)
 each of additional paid-in capital, total shareholders' equity and total capitalization by approximately US$[ ]
 million, assuming the number of Ordinary Shares offered by us, as set forth on the front cover of this prospectus, remains
 the same and after deducting underwriting discounts and commissions and estimated offering expenses payable by us.

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**Dilution**

If you invest in our Ordinary Shares, your interest will be diluted to the extent of the difference between the initial public offering price per Ordinary Share and our net tangible book value per Ordinary Share after this offering. Dilution results from the fact that the initial public offering price per Ordinary Share is substantially in excess of the book value per Ordinary Share attributable to the existing shareholders for our presently outstanding Ordinary Share.

Our net tangible book value as of September 30, 2025 was approximately US$0.9 million, or US$0.075 per Ordinary Share, as adjusted. Net tangible book value represents the amount of our total consolidated tangible assets, less the amount of our total consolidated liabilities. Dilution is determined by subtracting net tangible book value per Ordinary Share, after giving effect to the additional proceeds we will receive from this offering, from the assumed initial public offering price of US$[ ] per Ordinary Share, which is the mid-point of the estimated initial public offering price range set forth on the cover page of this prospectus, and after deducting underwriting discounts and commissions and estimated offering expenses payable by us.

Without taking into account any other changes in net tangible book value after September 30, 2025, other than to give effect to our sale of the Ordinary Shares offered in this offering at the assumed initial public offering price of US$[ ] per Ordinary Share, the mid-point of the estimated range of the initial public offering price, after deduction of the underwriting discounts and commissions and estimated offering expenses payable by us, our pro forma as adjusted net tangible book value as of September 30, 2025 would have been approximately US$[ ] million, or US$[ ] per Ordinary Share. This represents an immediate increase in net tangible book value of approximately US$[ ] per Ordinary Share to the existing shareholders and an immediate dilution in net tangible book value of US$[ ] per Ordinary Share to investors purchasing Ordinary Shares in this offering. The following table illustrates such dilution:

---

| | | |
|:---|:---|:---|
|  | **Per <br> Ordinary Share** | **Per <br> Ordinary Share** |
| Assumed initial public offering price | US$ | [ ] |
| Net tangible book value as of September 30, 2025 | US$ | 898599 |
| Pro forma net tangible book value after giving effect to amount of dilution in net tangible book value to new investors in this offering | US$ | [ ] |

---

Each US$1.00 increase (decrease) in the assumed public offering price of US$[ ] per Ordinary Share would increase (decrease) our pro forma as adjusted net tangible book value after giving effect to this offering by approximately US$[ ] million, and the pro forma as adjusted net tangible book value per Ordinary Share after giving effect to this offering by US$[ ] per Ordinary Share and the dilution in pro forma as adjusted net tangible book value per Ordinary Share to new investors in this offering by US$[ ] per Ordinary Share, assuming no change to the number of Ordinary Shares offered by us as set forth on the cover page of this prospectus, and after deducting underwriting discounts and commissions and other offering expenses.

The following table summarizes, on a pro forma as adjusted basis as of September 30, 2025, the differences between existing shareholders and the new investors with respect to the number of Ordinary Shares purchased from us, the total consideration paid and the average price per Ordinary Share paid before deducting the underwriting discounts and commissions and estimated offering expenses. The total number of Ordinary Shares does not include Ordinary Shares issuable upon the exercise of the over-allotment option granted to the underwriters.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **<br> Ordinary Shares<br> Purchased** | **<br> Ordinary Shares<br> Purchased** | **Total Consideration** | **Total Consideration** | **Total Consideration** | **Average<br> Price Per<br> Ordinary<br> Share** | **Average<br> Price Per<br> Ordinary<br> Share** |
|  | **Number** | **Percent** | **Amount** | **Amount** | **Percent** | | |
| Existing shareholders | 7738095 | [ ]% | US$ | 774 | [ ]% | US$ | 0.0001 |
| New investors | [ ] | [ ]% | US$ | [ ] | [ ]% | US$ | [ ] |
| Total | [ ] | 100% | US$ | [ ] | 100% | US$ | [ ] |

---

The pro forma as adjusted information discussed above is illustrative only. Our net tangible book value following the completion of this offering is subject to adjustment based on the actual initial public offering price of our Ordinary Shares and other terms of this offering determined at pricing.

The discussion and tables above assume no exercise of any outstanding share options outstanding as of the date of this prospectus. As of the date of this prospectus, there are Ordinary Shares issuable upon exercise of outstanding share options at a nominal exercise price. To the extent that any of these options are exercised, there will be further dilution to new investors.

[**Table of Contents**](#TOC_001)<br>

**Enforceability of Civil Liabilities**

We are incorporated under the laws of the Cayman Islands as an exempted company with limited liability. We are incorporated in the Cayman Islands to take advantage of certain benefits associated with being a Cayman Islands exempted company, such as:

● political and economic stability;

● an effective judicial system;

● a favorable tax system;

● the absence of exchange control or currency restrictions; and

● the availability of professional and support services.

However, certain disadvantages accompany incorporation in the Cayman Islands. These disadvantages include, but are not limited to:

● the Cayman Islands has a less developed body of securities laws as compared to the United States and these securities laws provide significantly less protection to investors as compared to the United States; and

● Cayman Islands companies may not have standing to sue before the federal courts of the United States.

Our constituent documents do not contain provisions requiring that disputes, including those arising under the securities laws of the United States, between us, our officers, directors and shareholders, be arbitrated.

Substantially all of our operations are conducted in Singapore, and substantially all of our assets are located in Singapore. A majority of our directors and officers are nationals or residents of jurisdictions other than the United States and most of their assets are located outside the United States. As a result, it may be difficult for a shareholder to effect service of process within the United States upon these individuals, or to bring an action against us or these individuals in the United States, or to enforce against us or them judgments obtained in United States courts, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States. See *"Risk Factors — Risks Related to Our Ordinary Shares and This Offering — You may face difficulties in protecting your interests as a shareholder, as Cayman Islands law provides substantially less protection when compared to the laws of the United States and it may be difficult for a shareholder of ours to effect service of process or to enforce judgements obtained in the U.S. courts."*

We have appointed Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, NY 10168, as our agent upon whom process may be served in any action brought against us under the securities laws of the United States.

**Cayman Islands**

Ogier, our counsel as to Cayman Islands law, has advised us that there is uncertainty as to whether the courts of the Cayman Islands will allow shareholders of our company to originate actions in the Cayman Islands based upon securities laws of the United States. In addition, there is uncertainty regarding Cayman Islands law related to whether a judgment obtained from the U.S. courts under civil liability provisions of U.S. securities laws will be determined by the courts of the Cayman Islands as penal or punitive in nature. If such a determination is made, the courts of the Cayman Islands will not recognize or enforce the judgment against a Cayman Islands company, such as our company. As the courts of the Cayman Islands have yet to rule on making such a determination in relation to judgments obtained from U.S. courts under civil liability provisions of U.S. securities laws, it is uncertain whether such judgments would be enforceable in the Cayman Islands. We have been further advised that although there is no statutory enforcement in the Cayman Islands of judgments obtained in the United States, a final and conclusive monetary judgment for a definite sum obtained in such jurisdiction will be recognized and enforced in the courts of the Cayman Islands at common law, without any re-examination of the merits of the underlying dispute, by an action commenced on the foreign judgment debt in the Grand Court of the Cayman Islands, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 foreign court had jurisdiction in the matter and the Company either submitted to such jurisdiction or was resident or carrying on
 business within such jurisdiction and was duly served with process;

&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 judgment given by the foreign court was not in respect of penalties, fines, taxes or similar fiscal or revenue obligations;

(c) in
 obtaining judgment there was no fraud on the part of the person in whose favor judgment was given or on the part of the foreign court;

(d) recognition
 or enforcement in the Cayman Islands would not be contrary to public policy; and

(e) the
 proceedings pursuant to which judgment was obtained were not contrary to the principles of natural justice.

**Singapore**

There is uncertainty as to whether the courts of Singapore would (i) recognize or enforce judgments of United States courts obtained against us or our Directors or officers predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States or (ii) entertain original actions brought in Singapore against us or our directors or officers predicated upon the securities laws of the United States.

In making a determination as to enforceability of a judgment of the courts of the United States, and subject to the Singapore courts having jurisdiction over the judgment debtor, the Singapore courts would have regard to whether the judgment was final and conclusive and on the merits of the case, given by a court of law of competent jurisdiction, and was expressed to be for a fixed sum of money. In general, an *in personam* foreign judgment that is final and conclusive (that is, in general, a judgment that makes a final determination of rights between the parties and cannot be re-opened or altered by the court that delivered it, or be overridden by another body not being an appellate or supervisory body, although it may be subject to an appeal), given by a competent court of law having jurisdiction over the parties subject to such judgment, and for a fixed and ascertainable sum of money, may be enforceable as a debt in the Singapore courts under common law unless procured by fraud, or the proceedings in which such judgments were obtained were not conducted in accordance with principles of natural justice, or the enforcement thereof would be contrary to fundamental public policy, or if the judgment would conflict with earlier judgment(s) from Singapore or earlier foreign judgment(s) recognized in Singapore, or if the judgment would amount to the direct or indirect enforcement of foreign penal, revenue or other public laws (save where any such component of the judgment can be duly severed from the rest of the judgment sought to be enforced). Civil liability provisions of the federal and state securities law of the United States permit the award of punitive damages against us, our Directors and officers. In respect of civil liability provisions of the United States federal and state securities law which permit punitive damages against us and our Directors and/or our Executive Officers, we are unaware of any reported decision by the Singapore courts which has considered the specific issue of whether a judgment of a United States court based on such civil liability provisions of the securities laws of the United States or any state or territory of the United States is enforceable in Singapore.

[**Table of Contents**](#TOC_001)<br>

**Corporate History and Structure**

**Corporate History**

The table below sets forth the key development milestones in our Group's history.

---

| | |
|:---|:---|
| **Year** | **Milestones** |
| September 26, 2023 | All Best App Pte. Ltd. was incorporated in Singapore |
| November 14, 2025 | Integratia Holdings Limited was incorporated in the British Virgin Islands, and is wholly owned by Ms. LIM Kiam Kiam. |
| November 21, 2025 | Star Integratia Limited was incorporated in the Cayman Islands as a wholly owned subsidiary of Integratia Holdings Limited. |
| December 5, 2025 | Integratia Group Limited was incorporated in the British Virgin Islands as a wholly owned subsidiary of Star Integratia Limited. |
| December 17, 2025 | Ms. LIM Kiam Kiam acquired an aggregate of 18,000 shares of All Best App Pte. Ltd. from the existing shareholders. Ms. LIM Kiam Kiam become sole shareholder of All Best App Pte. Ltd. |
| December 18, 2025 | Integratia Group Limited acquired 100% equity interest in All Best App Pte. Ltd., thereby bringing All Best App Pte. Ltd. under the Integratia group headed by Ms. LIM Kiam Kiam. |

---

**Corporate Structure**

Our Company was incorporated in the Cayman Islands on November 21, 2025, under the Companies Act as an exempted company with limited liability. We conduct our operations through our wholly-owned subsidiary in Singapore. This is an offering of the Ordinary Shares of our Company instead of the shares in our operating subsidiary.

The following diagram illustrates our corporate structure, including our subsidiaries prior to and after this offering (assuming no exercise of underwriters' over-allotment option):

![](corp_001.jpg)

**Our Subsidiaries**

Particulars of our subsidiaries as of the date of this prospectus are set forth in the table below:

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Background** | **Ownership** | **Principal Activities** |
| All Best App Pte. Ltd. | Incorporated in Singapore on September 26, 2023 | 100% owned by Integratia Group Limited | Geomancy related service provider specializing in four core services: 1) Sales of curated products; 2) Geomancy related consultation services; 3) Geomancy website; and 4) Organize geomancy-themed events. |
| Integratia Group Limited | Incorporated in British Virgin Islands | 100% owned by our Company | Investment holding |

---

[**Table of Contents**](#TOC_001)<br>

**Management's Discussion and Analysis of Financial Condition and Results of Operations**

*The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the information presented in our historical consolidated financial statements and the related notes included elsewhere in this prospectus. In addition to historical information, the following discussion contains forward-looking statements, such as statements regarding our expectation for future performance, liquidity and capital resources, that involve risks, uncertainties and assumptions that could cause actual results to differ materially from our expectations. Our actual results may differ materially from those contained in or implied by any forward-looking statements. Factors that could cause such differences include those identified below and those described in "Special Note Regarding Forward-Looking Statements," "Risk Factors" and elsewhere in this prospectus. We assume no obligation to update any of these forward-looking statements.*

**Overview**

Ms. LIM Kiam Kiam, the founder of Star Integratia Limited, has over four decades of experience in Chinese geomancy practice and research. Her early work began in Singapore and gradually expanded into a professional practice serving individuals, families and institutional clients across Asia. Ms. LIM Kiam Kiam continues to lead Star Integratia Limited in developing an integrated geomancy platform that combines professional consulting, curated geomancy-related products, thematic events, and subscription-based online services. Our primary market is in Singapore.

For the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025, our total revenue was SGD40,731 and SGD1,734,135 (US$1,343,978), respectively. Our income from operations and net income were SGD1,176,024 (US$911,434) and SGD1,052,158 (US$815,436), respectively, for the year ended September 30, 2025, as compared to our income from operations and net income of negative SGD29,641 and negative SGD29,362, respectively, for the period from September 26, 2023 (inception) to September 30, 2024.

**Results of Operations**

**Comparison of Period from September 26, 2023 (Inception) to September 30, 2024 and Year Ended September 30, 2025**

The following table sets forth the combined results of our operations for the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **For the year from September 26, 2023 (inception) to September 30, 2024** | **For the year ended September 30, 2025** | **For the year ended September 30, 2025** |
|  | **SGD** | **SGD** | **US$** |
| Revenue | 40731 | 1734135 | 1343978 |
| Cost of revenue | (9310) | (417529) | (323591) |
| **Gross profit** | 31421 | 1316606 | 1020387 |
| Operating expenses: |  |  |  |
| General and administrative expenses | (61062) | (140582) | (108953) |
| **(Loss) Income from operations** | (29641) | 1176024 | 911434 |
| Other income: |  |  |  |
| &nbsp;&nbsp;&nbsp;Other income |  | 170 | 132 |
| **(Loss)** **Income before tax expense** | (29641) | 1176194 | 911566 |
| Income tax credit (expense) | 279 | (124036) | (96130) |
| **Net (loss) income and comprehensive (loss) income** | (29362) | 1052158 | 815436 |
| **Net (loss) income per ordinary share** |  |  |  |
| Basic and diluted | (2.94) | 105.22 | 81.54 |
| **Weighted average number of ordinary shares used in computing net income per share** |  |  |  |
| Basic and diluted | 10000 | 10000 | 10000 |

---

**Revenue**

For the year ended September 30, 2025, the Company's revenue amounted to SGD1,734,135 (US$1,343,978), compared with the corresponding period from September 26, 2023 (inception) to September 30, 2024 of SGD40,731. The revenue mainly includes the sales of curated products, geomancy consultancy services, website membership income and geomancy-themed events income.

The table below sets out our revenue by revenue types for the periods indicated.

---

| | | | |
|:---|:---|:---|:---|
|  | **For the period from September 26, 2023 (inception) to September 30, 2024** | **For the year ended September 30, 2025** | **For the year ended September 30, 2025** |
|  | **SGD** | **SGD** | **US$** |
| Sales of curated products | 35719 | 1144545 | 887038 |
| Geomancy consultancy services | 61 | 545450 | 422731 |
| Website membership income | 4951 | 5668 | 4393 |
| Geomancy-themed events income | - | 38472 | 29816 |
|  | 40731 | 1734135 | 1343978 |

---

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Revenue or the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025 was recognized at point in time, except for website membership income, recognized over time based on a time apportion basis.

For the year ended September 30, 2025, the Company's revenue amounted to SGD1,734,135 (US$1,343,978) representing an increase of SGD1,693,404 (4,157.53%) as compared to the period from September 26, 2023 (inception) to September 30, 2024 of SGD40,731. The increase in revenue was mainly due to 1) an increase in the revenue generated from sales of curated product, which increased by SGD1,108,826 from SGD35,719 for the period from September 26, 2023 (inception) to September 30, 2024 to SGD1,144,545 (US$887,038) for the year ended September 30, 2025 and 2) an increase in the revenue generated from geomancy consultancy services, which increased by SGD545,389 from SGD61 for the period from September 26, 2023 (inception) to September 30, 2024 to SGD545,450 (US$422,731) for the year ended September 30, 2025.

The significant increase in the Company's revenue for the year ended September 30, 2025, was primarily attributable to the strong growth in both curated product sales and geomancy consultancy services. During the year, the Company promotes its Geomancy consultancy services and sales of curated products by organizing geomancy-themed event. In addition, the Company strengthened its customer engagement strategies through website membership, resulting in increased market visibility and higher sales conversion.

Furthermore, the demand for geomancy-related products and consultancy services increased substantially following our organization of a geomancy-themed event. We also benefit from returning customers and referrals, leading to recurring service income and stabilizing client relationships. Together, these factors contributed to the revenue growth of approximately 4,157.53% compared with the previous year.

**Gross profit**

Our gross profit increased by SGD1,285,185 or 4,090.21% to SGD1,316,606 (US$1,020,387) for the year ended September 30, 2025, as compared to SGD31,421 for the period from September 26, 2023 (inception) to September 30, 2024. The increase in gross profit is due to strong growth in both curated product sales and geomancy consultancy services in the year ended September 30, 2025.

**Cost of revenue**

Our cost of revenue primarily comprised curated products cost and events cost. Our total cost of revenue increased by SGD 408,219 or 4,384.74%, from SGD9,310 for the period from September 26, 2023 (inception) to September 30, 2024, to SGD417,529 (US$323,591) for the year ended September 30, 2025. The increase in cost of revenue for the year ended September 30, 2025 was directly aligned with the substantial rise in revenue generated from sales of curated products and geomancy-themed event.

**Income from operations**

Our income from operations amounted to negative SGD29,641 for the period from September 26, 2023 (inception) to September 30, 2024 and SGD1,176,024 (US$911,434) for the year ended September 30, 2025.

**General and administrative expenses**

The following table sets forth the breakdown of our general and administrative expenses the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | **For the period from September 26, 2023 (inception) to September 30, 2024** | **For the year ended September 30, 2025** | **For the year ended September 30, 2025** |
|  | **SGD** | **SGD** | **US$** |
| Professional fee expense | 2630 | 47271 | 36636 |
| Depreciation expense | 18667 | 35179 | 27264 |
| Marketing and promotion expense | 8168 | 5930 | 4596 |
| Lease expense |  | 18600 | 14415 |
| General administrative expense | 31597 | 33602 | 26042 |
|  | 61062 | 140582 | 108953 |

---

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Our general and administrative expenses accounted for SGD61,062 and SGD140,582 (US$108,953) for the period from September 26, 2023 (inception) to September 30, 2024 and for the year ended September 30, 2025, respectively. General and administrative expense for the year ended September 30, 2025 increased by 130.23%, or SGD79,520 to SGD140,582 (US$108,953), as compared to SGD61,062 for the period from September 26, 2023 (inception) to September 30, 2024.

Professional fee expenses increased by SGD44,641 to SGD47,271 (US$36,636) for the year ended September 30, 2025, compared with SGD2,630 for the period from September 26, 2023 (inception) to September 30, 2024, as we engaged external advisors, including legal, accounting, and compliance consultants.

Depreciation expense increased by SGD16,512 to SGD35,179 (US$27,264) for the year ended September 30, 2025, compared to SGD18,667 for the period from September 26, 2023 (inception) to September 30, 2024, due to additional purchase of property and equipment.

Marketing and promotion expense decreased by SGD2,238 to SGD5,930 (US$4,596) for the year ended September 30, 2025, compared to SGD8,168 for the period from September 26, 2023 (inception) to September 30, 2024.

Lease expense increased by SGD18,600 to SGD18,600 (US$14,415) for the year ended September 30, 2025, compared to nil for the period from September 26, 2023 (inception) to September 30, 2024. The increase was primarily attributable to the lease of our Singapore office from April 18, 2025.

We expect our overall general and administrative expenses, including marketing and promotion expenses and professional expenses, to increase in the foreseeable future, as we plan to incur additional expenses in connection with the expansion of our business operations. We expect our professional fees for legal, audit, and advisory services to increase when we become a public company upon the completion of this offering.

**Income tax expense**

We are not subject to any income tax in the Cayman Islands pursuant to the rules and regulations in the Cayman Islands, but our subsidiary is subject to Singapore corporate income tax. Our income tax expense was SGD124,036 (US$96,130) for the year ended September 30, 2025, increasing from tax credit of SGD279 for the period from September 26, 2023 (inception) to September 30, 2024, due to the increase in income before tax of SGD1,205,835 to SGD1,176,194 (US$911,566) for the year ended September 30, 2025 compared to loss of SGD29,641 for the period from September 26, 2023 (inception) to September 30, 2024. The effective tax rate for the period from September 26, 2023 (inception) to September 30, 2024 and for the year ended September 30, 2025 was (0.94%) and 10.55%, respectively.

**Net income**

As a result of the foregoing, we reported net income of SGD1,052,158 (US$815,436) for the year ended September 30, 2025, representing an increase of SGD1,081,520 from a net loss of SGD29,362 for the period from September 26, 2023 (inception) to September 30, 2024.

**Liquidity and Capital Resources**

We financed our operations primarily through cash flows from operations.

Our use of cash was primarily related to operating activities in the period from September 26, 2023 (inception) to September 30, 2024 and for the year ended September 30, 2025. We have historically financed our operations primarily through our cash flow generated from our operations.

[**Table of Contents**](#TOC_001)<br>

In view of the current cash and bank balances, funds generated by our operating activities, we believe our Company has sufficient resources to meet the working capital needs in the next 12 months from the date the audited financial statements are issued. However, our ability to meet the liquidity and capital requirements will be subject to future economic conditions and other factors which are beyond our control.

We may declare or pay dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our Board after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the Board deems relevant, and subject to the restrictions contained in any future financing instruments.

We intend to use the net proceeds from this offering in the following manner:

● approximately 40% for research and development of AI adaptation in geomancy methodologies and digital platforms;

● approximately 25% for international market expansion and branding;

● approximately 20% for marketing and content platform development;

● approximately 15% for general corporate purposes, including working capital, operating expenses and capital expenditures and for strategic acquisitions<sup>2</sup>.

**Cash Flow**

The following table sets forth a summary of our combined cash flows for the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025, respectively:

---

| | | | |
|:---|:---|:---|:---|
|  | **For the period from September 26, 2023 (inception) to September 30, 2024** | **For the year ended September 30, 2025** | **For the year ended September 30, 2025** |
|  | SGD | SGD | **US$** |
| Net cash (used in) provided by operating activities | (62562) | 933043 | 723121 |
| Net cash used in investing activities | (140000) | (16427) | (12731) |
| Net cash provided by financing activity | 230000 |  |  |
| Net increase in cash and cash equivalents | 27438 | 916616 | 710390 |
| At beginning of period/year | - | 27438 | 21265 |
| At end of period/year | 27438 | 944054 | 731655 |

---

As of September 30, 2024 and 2025, we had cash and cash equivalents of SGD27,438 and SGD944,054 (US$731,655), respectively. The increase in cash and cash equivalents was mainly attributable to positive cash proceeds from operations with our significant business growth during the year ended September 30, 2025.

As of September 30, 2024 and 2025, our working capital was SGD79,251 and SGD1,114,651 (US$863,871), respectively. We generated positive operating cash flows, which created a large cash balance to improve our liquidity and cash position.

***Cash provided by operating activities***

Our cash inflow from operating activities was principally receipt of payments for sales of curated products and consultancy services provided by us to our customers, whereas our outflow from operating activities is principally for payments made to vendor for cost of curated products.

Net cash provided by operating activities reflects our net income adjusted for non-cash items, including non-cash depreciation of property and equipment and right-of-use asset, inventory written off and interest expense and changes in working capital items including prepaid expenses, other receivables and deposits, inventory, contact liabilities, other current liabilities, asset retirement obligations and deferred tax.

For the period from September 26, 2023 (inception) to September 30, 2024, net cash used in operating activities amounted to SGD62,562. Cash used by operations was primarily attributable to net loss of SGD29,362 and adjusted for non-cash item of amortization of intangible asset of SGD18,667, an increase in prepaid expenses, other receivables and deposits of SGD40,412, and inventory of SGD10,650 offset by an increase in contract liabilities of SGD3,904.

For the year ended September 30, 2025, net cash provided by operating activities amounted to SGD933,043 (US$723,121). Cash provided by operations was primarily attributable to net income of SGD1,052,158 (US$815,436), and adjusted for non-cash item of depreciation of property and equipment of SGD2,476 (US$1,919), depreciation of right-of-use assets of SGD4,703 (US$3,645), interest accretion relating to asset retirement obligations of SGD398 (US$308), amortization of intangible assets of SGD28,000 (US$21,700), increase in other current liabilities of SGD3,684 (US$2,855), increase in asset retirement obligations of SGD18,814 (US$14,582), increase in deferred tax of SGD6,256 (US$4,849) and increase in income tax payable of SGD117,780 (US$91,281), offset by an increase in prepaid expenses, other receivables and deposits of SGD194,481 (US$150,725), increase in inventories of SGD26,829 (US$20,793), decrease in contract liabilities of SGD2,165 (US$1,677), increase in amount due from a director of SGD58,937 (US$45,677), and increase in operating lease obligation of SGD18,814 (US$14,582).

***Cash used in investing activities***

For the period from September 26, 2023 (inception) to September 30, 2024, net cash used in investing activities was SGD140,000, resulting from the purchase of intangible assets of SGD140,000.

For the year ended September 30, 2025, net cash used in investing activities was SGD16,427 (US$12,731), which mainly consisted of the purchase of property and equipment.

***Cash provided by financing activities***

For the period from September 26, 2023 (inception) to September 30, 2024, cash provided by financing activities amounted to SGD230,000, which represented the proceeds from the issuance of Ordinary Shares of a subsidiary.

There were no financing activities for the year ended September 30, 2025.

<sup>2</sup> As of the date of this prospectus, no specific acquisition targets have been identified.

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**Off-Balance Sheet Arrangements**

We had not entered into any material off-balance sheet transactions and arrangements during the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025.

**Contractual obligations**

The following table summarizes our contractual obligations as of September 30, 2025:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Payment due by period** | **Payment due by period** | **Payment due by period** | **Payment due by period** |
|  | **Less than <br> 1 year<br> SGD** | **1 to 3 <br> years<br> SGD** | **More than <br> 3 years<br> SGD** | **Total<br> SGD** |
| Lease obligation | 37200 | 18600 |  | 55800 |

---

We do not have any contractual obligations as of September 30, 2024.

**Capital Expenditures**

For the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025, we purchased nil and SGD16,427 of property and equipment, respectively, mainly for use in our operations.

For the period from September 26, 2023 (inception) to September 30, 2024, we purchased a website at cost of SGD140,000. The website is mainly for provision of subscription-based online services. No purchase of intangible asset for the year ended September 30, 2025.

**Critical Accounting Policies and Estimates**

Our significant accounting policies and their effect on our financial condition and results of operations are fully disclosed in our audited combined financial statements included elsewhere in this prospectus. We prepared our audited combined financial statements in conformity with U.S. GAAP, which requires management to make estimates and assumptions that affect the amounts reported in our audited combined financial statements and accompanying notes. These estimates are prepared using our best judgment, after considering past and current events and economic conditions. While management believes the factors evaluated provide a meaningful basis for establishing and applying sound accounting policies, management cannot guarantee that the estimates will always be consistent with actual results. In addition, certain information relied upon by us in preparing such estimates includes internally generated financial and operating information and external market information. Actual results may differ from these estimates.

We consider an accounting estimate to be critical if: (1) it requires us to make assumptions because the information was not available at the time or it included matters that were highly uncertain at the time we were making our estimate and (2) changes in the estimate could have a material impact on our financial condition or results of operations. Despite the fact that the management determines there are no critical accounting estimates, the most significant estimates relate to allowance for credit losses, for which we are required to estimate the collectability of accounts receivable. The estimates were based on a number of factors including historical loss rates and expectations of future conditions, and other factors that may affect our ability to collect from customers.

***Revenue recognition***

The Group follows ASC 606, Revenue from Contracts with Customers, and all subsequent ASUs that modified ASC 606. Revenue from contracts with customers is recognized using the following five steps:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Identify
 the contract(s) with a customer;

2. Identify
 the performance obligations in the contract;

3. Determine
 the transaction price;

4. Allocate
 the transaction price to the performance obligations in the contract; and

5. Recognize
 revenue when (or as) the entity satisfies a performance obligation.

A contract contains a promise (or promises) to transfer goods or services to a customer. A performance obligation is a promise (or a group of promises) that is distinct. The transaction price is the amount of consideration a company expects to be entitled from a customer in exchange for providing the goods or services.

The unit of accounts for revenue recognition is a performance obligation (a good or service). A contract may contain one or more performance obligations. Performance obligations are accounted for separately if they are distinct. A good or service is distinct if the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer, and the good or service is distinct in the context of the contract. Otherwise, performance obligations are combined with other promised goods or services until the Group identifies a bundle of goods or services that are distinct. Promises in contracts which do not result in the transfer of a good or service are not performance obligations, as well as those promises that are administrative in nature, or are immaterial in the context of the contract. The Group applied the guidance of ASC 606-10-25-16 through 22 in order to verify which promises should be assessed for classification as distinct performance obligations.

The transaction price is allocated to each performance obligation in the contract based on the relative stand-alone selling prices of the promised goods or services. The individual standalone selling price of a good or service that has not previously been sold on a stand-alone basis, or has a highly variable selling price, is determined based on the residual portion of the transaction price after allocating the transaction price to goods and/or services with observable stand-alone selling price. A discount or variable consideration is allocated to one or more, but not all, of the performance obligations if it relates specifically to those performance obligations.

Transaction price is the amount of consideration in the contract to which the Group expects to be entitled in exchange for transferring the promised goods or services. The transaction price may be fixed or variable and is adjusted for time value of money if the contract includes a significant financing component. Consideration payable to a customer is deducted from the transaction price if the Group does not receive a separate identifiable benefit from the customer. When consideration is variable, if applicable, the estimated amount is included in the transaction price to the extent that it is highly probable that a significant reversal of the cumulative revenue will not occur when the uncertainty associated with the variable consideration is resolved.

Revenue may be recognized at a point in time or over time following the satisfaction of the performance obligations. If a performance obligation is satisfied over time, revenue is recognized based on the percentage of completion reflecting the progress towards complete satisfaction of that performance obligation. Typically, performance obligation for products where the process is described as below, the performance obligation is satisfied at point in time.

<u>Geomancy consultancy services</u>

The Group provides geomancy consultancy services to its customers. The Group fulfills its performance obligation and recognizes revenue from Geomancy consultancy services at a point in time when a customer can consume benefit from the consultation. Invoice issued to customers indicating details of consultancy services with transaction price allocated to each type of consultancy service is considered a contract with customers. Service fees charged to customers are normally paid immediately.

<u>Sales of curated products</u>

The Group generates revenue by selling curated products to its customers. Performance obligation is satisfied upon delivery of products, usually cash on delivery basis. Invoice issued to its customers is indicating products sold and other terms and conditions are considered as contract with customers. The Group allocates transaction prices to its products separately net of discount, if any. Revenue is recognized at a point in time when control of a product is transferred to a customer. Products sold are not returnable and refundable.

<u>Geomancy-themed events</u> 

The Group organizes geomancy-themed events and sells tickets to customers who are interested in attending the event which is usually completed within one day. Tickets are sold and payments for the tickets are received in advance before the event starts. Such sales of tickets and advance payments from customers are recorded as contract liability. Revenue is recognized at a point in time based on tickets price on the day the event occurred, which coincides with transfer of performance obligation to the customers.

<u>Subscription-based online services through website (i.e. website membership income)</u>

The Group earns website membership income when members sign up for membership and make payment on the website The members can choose to sign up for 1 month, 6 months, 1 year or 2 years membership. Customers will register membership by providing date of birth on the website. Members start to be able to use information on the website from the day the member pays membership fee, and the service is available for the duration selected. Such membership income is recognized over time on a time apportioned basis. Any remaining duration of membership to be used after balance sheet date is recognized as contract liability.

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**Industry Overview**

*All the information and data presented in this section have been derived from various official government and other publications by independent third parties. We believe that the sources of such information and statistics are appropriate sources for such information and have taken reasonable care in extracting and reproducing such information. We have no reason to believe that such information is false or misleading in any material respect or that any fact has been omitted that would render such information false or misleading in any material respect. The following discussion contains projections for future growth, which may not occur at the rates that are projected or at all.*

 

**Overview of Macro-economic Environment in Singapore**

Nominal Gross Domestic Product ("GDP") and GDP per Capita in Singapore (2020-2029E)

Singapore's macroeconomic conditions from 2020 to 2024 reflect the broader global environment, with periods of contraction, recovery and subsequent moderation. In 2020, the GDP contracted by –3.8% primarily due to the impact of the COVID-19 pandemic on global trade, manufacturing and services. The economy rebounded strongly in 2021 with 7.0-8.0% growth, supported by government stimulus measures and the recovery of global trade. In 2022, GDP grew by 3.6%, driven by manufacturing, finance and wholesale trade. Growth moderated to 1.1% in 2023 amid inflation, supply chain disruptions and geopolitical tensions. In 2024, the economy strengthened with 4.4% growth, largely driven by strong performance in key sectors such as manufacturing, wholesale trade and financial services.

**Nominal GDP** is projected to grow at 1.5%-2.5% in 2025, according to the Singapore Ministry of Trade and Industry (MTI); it is estimated an annual growth rate of 2.0-3.0% from 2026 to 2029. These projections reflect anticipated improvements in global trade, continued expansion in high-value sectors like finance, logistics, digital services and sustained government support for infrastructure and innovation.

**GDP per capita** is expected to grow at a rate slightly above nominal GDP, supported by modest population growth (around 0.8%–1.5% annually). In 2024, Singapore's GDP per capita was approximately US$80,000.0, up from US$61,000.0 in 2020, reflecting the economy's recovery and resilience over the period.

Looking forward, Singapore's economic growth will be supported by:

● Global Economic Recovery in some of Singapore's strong-performing sectors: Singapore will benefit from global growth, particularly in electronics, pharmaceuticals and financial services.

● Expansion in High-Value Sectors: The shift towards a service-oriented economy will continue, with growth driven by stable, resilient sectors like finance, trade and logistics.

● Government Support: Strategic investments in infrastructure, technology and green initiatives will drive growth, especially in emerging sectors.

● Global Risk Mitigation: Singapore's diversified economy and stable political environment will help buffer against global risks, ensuring steady growth.

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Singapore's stable economic development provides a strong foundation for emerging industries, such as the geomancy services sector, enabling them to flourish and thrive within this conducive environment.

Source: SingStat 2020-2024, Singapore Ministry of Trade and Industry

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***Total Population and Chinese Population in Singapore (2020-2029E)***

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Singapore's total population was approximately 6.0 million in 2024, reflecting a steady increase from 2020 to 2024 as the country's population recovered from COVID-19 related declines. Over this period, population growth averaged around 1.1% annually, driven primarily by the expansion of non-resident population as economic activities resumed.

The resident population, including citizens and permanent residents, remained stable at about 4.2 million, consistent with demographic patterns observed over the past decade. According to Singapore Census of Population 2020, the Chinese ethnic group accounted for 73.9% of the resident population, a proportion. This trend is expected to continue, providing a stable base for culturally driven services.

Based on historical demographic patterns and existing policy settings, Singapore's total population is projected to reach 6.2–6.3 million by 2029, with the Chinese ethnic group likely to continue representing about 72.0%–75.0% of the resident population.

Several factors contribute to this forecasted growth:

● Total population growth is driven by sustained demand for foreign labor and skilled professionals, particularly in sectors such as construction, services, and high-tech industries, supported by Singapore's pro-business immigration policies, along with a modest natural population growth rate of around 0.5% per year.

● Chinese population growth remains stable due to steady inflows of Chinese immigrants and permanent residents, maintaining the ethnic Chinese share of the resident population, which continues to be a significant demographic group in Singapore

The high proportion of the Chinese ethnic group in Singapore indicates a strong cultural affinity and higher acceptance of metaphysical practices, providing a solid foundation for future growth in the metaphysics sector.

Source: Singapore Department of Statistics, 2020-2024

***Number of Companies in Singapore (2020-2029E)***

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From 2020 to 2024, the total number of registered companies in Singapore steadily increased. As of 2020, there were approximately 500,000.0 active companies recorded in the Accounting and Corporate Regulatory Authority (ACRA) business registry. By 2024, this number had increased to approximately 600,000.0 active companies, reflecting a growth rate of approximately 4.0-5.0% annually.

In 2025, the total number of registered companies in Singapore, including dormant and non-operational entities, reached approximately 619,449.0. This number includes all types of entities registered with ACRA, such as private limited companies, sole proprietorships, and partnerships, although not all of them are operational.

Looking forward, the number of registered companies is projected to grow steadily, reaching approximately 700,000.0 by 2029, corresponding to a net annual increase of around 3.0-4.0%. The expansion in the business landscape is expected to support continued demand for geomancy services, as organizations increasingly consider workplace layout, leadership alignment, team cohesion, and planning needs as part of their broader organizational development and office-related decisions. The primary drivers of this growth include:

● Continued economic expansion and diversification, especially in sectors such as fintech, technology, biomanufacturing, and trade services.

● Sustained foreign investment, as Singapore remains a critical gateway for international companies seeking to enter Southeast Asia and the broader Asia-Pacific region.

● Government support for start-ups and Small-Medium Sized Enterprises ("SMEs"), which will continue to flourish with ongoing initiatives designed to foster innovation and entrepreneurship.

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Source: ACRA

***Number of Resident Households in Singapore (2020-2029E)***

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As of 2024, Singapore had approximately 1.5 million resident households, up from 1.4 million in 2020. This represents a CAGR of about 1.6% per annum over the 2020–2024 period.

Looking ahead to 2029, under a moderate continued population inflow, stable immigration/permanent-resident intake, and ongoing formation of new households (including smaller-sized and single-person households), the number of resident households is projected to increase to approximately 1.6 million. This corresponds to an expected annual growth rate of about 1.3% between 2025 and 2029.

This steady rise in resident households, underpinned by both demographic inflow and evolving household composition toward smaller household sizes, reinforces the expanding demand potential for residential services, home-related consumption, lifestyle offerings, and any service or product linked to households and home living (e.g. housing, interior design, renovation, home services, etc.). This stable growth in the number of resident households provides a strong foundation for the continued expansion of geomancy services, contributing to sustained demand for these specialized offerings in residential spaces.

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Source: Singapore Department of Statistics (singstat.gov.sg), 2020-2024

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**Overview of Metaphysics Industry in Singapore**

***Definition and Classification of Metaphysics***

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Definition: Metaphysics, in the context of the industry, refers to a group of traditional practices that use established methodologies to provide perspectives on personal attributes, life tendencies and environmental considerations. These practices are used to support decision-making, self-understanding and overall well-being. The sector includes disciplines such as geomancy, astrology, numerology and various forms of divination, delivered through consultations, personalized reports, digital tools and interactive platforms. Recent developments also include technology and AI-based applications that make these services more accessible and scalable to a wider audience.

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Classification of Metaphysics:

The metaphysics industry can be classified into the following key categories:

● Geomancy: Rooted in Chinese metaphysics, this discipline encompasses both personal profiling and spatial assessment. It includes methodologies such as Ba Zi, Zi Wei Dou Shu, Qi Men Dun Jia and date selection for understanding individual attributes, timing considerations and life tendencies, together with the review of spatial characteristics in homes, offices and commercial premises.

● Astrology: Uses established astrological systems and calendar cycles to interpret personality traits, behavioral tendencies and timing considerations.

● Numerology: Interprets numerical elements such as birth dates and names to shed light on individual characteristics and life tendencies.

● Divination: Encompasses interpretive methods that draw on tools such as Tarot cards, the I Ching or oracle decks to facilitate reflection and offer guidance.

● Palmistry: Examines the lines, shapes and features of the hand to identify personality tendencies and broader life patterns.

● Face Reading: Analyses facial structures and expressions to provide perspectives on character traits and behavioral tendencies.

● Name Analysis: Evaluates the structure, sound and composition of personal or business names to offer perspectives on perceived characteristics and suitability.

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***Market Size of Metaphysics Industry in Singapore (2020-2029E)***

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The global metaphysics market is estimated to reach approximately US$186.5 billion in 2025 and is projected to expand to about US$210.0 billion by 2029, representing a CAGR of about 3.0% over the forecast period.

In Singapore, demand for metaphysics-related products and services recorded steady growth between 2020 to 2024, with an estimated CAGR of around 3.0%. Over this period, the domestic market size is assessed to have expanded from approximately US$1.6 billion in 2020 to about US$1.8 billion in 2024, supported by stable consumer interest and the increasing accessibility of metaphysical services.

For the period from 2025 to 2029, the Singapore metaphysics market is expected to continue expanding, underpinned by a growing consumer base, rising disposable income levels, and sustained cultural interest in traditional metaphysics practices and personal well-being. The market is projected to grow at a CAGR of 5.0-7.0%, with the total market size expected to reach US$2.4 billion by 2029.

![](formdrs_006.jpg)

Source: Desk Research and Estimation

***Market Size of Metaphysics Industry in Southeast Asia (2020-2029E)***

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In 2020, the Southeast Asia metaphysics market, excluding Singapore, was valued at around US$12.9 billion with an expected increase to US$14.5 billion by 2024. This is supported by rising cultural familiarity with metaphysics related practices, greater awareness of wellness-oriented services and a growing consumer base.

Looking ahead to 2025–2029, the Southeast Asia metaphysics market is projected to maintain steady growth, primarily driven by a large and expanding consumer base, rising disposable incomes, and continued cultural interest in personal well-being and spiritual services. As the middle class grows and urbanization continues across the region, demand for metaphysical services is expected to rise. By 2025, the market is forecasted to reach US$15.2 billion, and by 2029, it is expected to grow to US$18.5 billion, reflecting a CAGR of 5.0%.

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![](formdrs_007.jpg)

Source: Business research insights, Desk Research and Estimation

**Overview of Geomancy Consulting Service Industry in Singapore**

***Definition and Classification of Geomancy***

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Geomancy is a discipline within Chinese metaphysics that combines the study of an individual's profile with the assessment of environmental and spatial factors. It uses established analytical methodologies to understand personal patterns and considerations, which are then reviewed alongside the characteristics of a space to assess suitability and alignment with the individual's objectives.

Geomancy is commonly applied across several areas, each reflecting different considerations:

● Personal Geomancy: Focuses on interpreting an individual's profile using systems such as Ba Zi, Zi Wei Dou Shu and Qi Men Dun Jia to understand characteristics, tendencies and timing patterns. These insights are used to support decisions related to career direction, partnership suitability, family planning, major investments and other significant life choices. Personal geomancy also serves as the foundation for evaluating the suitability of environments or key decisions, as the individual's profile provides the reference point for alignment.

● Residential Geomancy: Reviews the layout and surrounding features of living spaces together with residents' personal profiles. In geomantic practice, such reviews are associated with supporting well-being, household harmony and favorable living conditions.

● Office Geomancy: Assesses workplace configurations, team dynamics and spatial arrangements in line with organizational needs. In this context, these evaluations are regarded as fostering a workplace environment that supports collaboration, productivity and aspirations for improved business performance.

● Commercial Geomancy: Applied across a wide range of business premises to review spatial arrangements in the context of operational needs. It is commonly used by businesses seeking to attract customers and support stronger commercial performance.

● Cemetery Geomancy: Involves the assessment and selection of burial sites using geomantic principles. This practice carries significant cultural importance in Chinese metaphysics, where the placement and orientation of a burial site are considered influential to the long-term well-being and prospects of the family lineage. While less commonly applied in modern urban settings, it remains a meaningful component of traditional geomantic practice for families who observe these customs.

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***Development History of Geomancy Industry***

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Geomancy has longstanding roots in Chinese metaphysics, with early forms of the practice traceable to ancient Chinese settlement and burial traditions dating back several millennia. Early applications focused on the assessment and selection of burial sites and the evaluation of environmental features. Over time, its scope broadened to include residential and commercial settings, where geomantic principles were used to evaluate spatial arrangement, environmental characteristics and overall suitability.

In Singapore, geomancy evolved from a traditional practice passed down through family lineages and informal apprenticeship to a professional consulting industry As the industry developed, public perception also shifted, supported by greater access to information, the professionalization of consultants, wider digital reach and increased interest among younger demographic groups. These factors contributed to a growing recognition of geomancy as a structured form of analysis rather than being viewed solely as a cultural or superstitious practice. In recent decades, ongoing urban development, rising demand for personalized advisory services and the advancement of related sectors further supported its establishment as a recognized consulting field with defined methodologies, specialized consultants and an expanding client base.

As awareness of geomancy increased, more individuals began seeking structured guidance to support significant life decisions, including marriage, family planning, career progression and major personal commitments. The practice became a reference point not only for environmental considerations but also for broader aspects of personal planning and decision-making. Concurrently, the growth of the wellness industry and rising interest in holistic living and environmental consciousness contributed to greater public engagement with geomantic perspectives. These developments supported the integration of geomancy across personal, residential, commercial and workplace contexts and reinforced its relevance in contemporary advisory practices.

**Value Chain of Geomancy Consulting Services Industry**

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The geomancy consulting services industry operates through a structured value chain that encompasses upstream providers, core consulting activities and downstream users. Upstream participants include reference and tool providers such as books, manuals and digital platforms that support charti10ng, calculations and spatial analysis, as well as product suppliers offering curated items used in practice and consultation. These upstream resources form the foundation on which consultants conduct assessments and put together recommendations.

Geomancy consultants are positioned at the heart of the value chain. They apply established analytical systems, conduct personal and spatial evaluations and translate their findings into tailored guidance that aligns with client objectives. In this role, consultants act as the key interface between foundational inputs, whether traditional, product based or technology enabled, and end users. While digital solutions have expanded accessibility and efficiency, professional interpretation remains essential for contextual accuracy and personalized advice.

Downstream users comprise a broad and diverse client base, including individuals, households, businesses, commercial operators, real estate developers and organizations. Clients seek geomantic perspectives to support personal planning, spatial suitability and decision making. Growing interest in wellness, personalized advisory services and holistic living continues to strengthen demand. As geomancy consultants influence both personal decisions and environmental outcomes, they remain central drivers of the industry's development and future growth.

***Business/Monetization Model of Geomancy Consulting Services in Singapore***

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Geomancy consultants in Singapore use various business models to serve both individual and corporate clients. As the industry matures, service offerings have expanded from traditional consultations to diversified advisory, educational and digital models. Key monetization approaches include:

● Personal Advisory Services: Personal consultations draw on established geomantic methodologies to provide structured perspectives on significant life considerations, including career path, partnership and marriage compatibility, family planning, major investments, relocation choices and other long-term planning areas. They may also cover how an individual's profile aligns with their current or prospective residence, offering guidance on suitability and key considerations before selecting or moving into a home. Consultations may be conducted in person or online, with fees varying according to depth of analysis and consultant expertise, and may be accompanied by personalized reports or curated products to complement the consultation.

● Commercial Services: Engagements for offices, business premises and commercial developments involve assessing spatial layouts, environmental features and operational requirements. The objective is to evaluate how well a space supports organizational priorities and business performance. These assessments routinely include evaluating the suitability of workspaces for senior management and key leadership roles, where alignment between individual profiles and spatial positioning is considered as part of broader organizational planning. Projects may include site visits, floor plan reviews and tailored recommendations, with fees varying according to the scale, complexity and scope of the engagement.

● Curated Products: Curated products are provided to reinforce geomantic recommendations and support favorable outcomes for clients. These items are traditionally associated with enhancing luck, attracting prosperity, promoting well-being and mitigating potential negative influences. Recommendations are tailored to the individual's profile and environmental assessment, and items may be offered during consultations or through retail and digital channels.

● Training and Education: Training programs are offered for individuals who wish to deepen their understanding of geomancy or pursue professional development. These programs range from introductory modules to advanced coursework, incorporating theoretical instruction, case-based learning and practical application. Fees typically vary by programs depth, duration and level of specialization.

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● Corporate Workshops and Seminars: Workshops and seminars are organized for companies seeking to apply geomantic and metaphysical principles to deepen understanding of individual and team characteristics. These sessions commonly cover topics such as personal tendencies, leadership styles and team based on Ba Zi or related methodologies. The objective is to support team alignment, enhance communication and improve overall well-being and cohesion within the organization. These engagements are typically structured as corporate programs, with revenue generated through contract arrangements, bulk packages or event-specific fees.

● Subscription-Based Services: Subscription models provide clients with ongoing access to personalized insights, seasonal or annual updates, advisory content and digital tools that support continuous engagement. Depending on the structure, subscribers may receive periodic Ba Zi or timing reviews, curated guidance for key decisions, or access to members-only resources and online platforms. This model enables recurring revenue while strengthening long term client relationships through sustained advisory support.

***Potential for New Business Models***

The increasing adoption of digital and online services is expected to drive the next phase of growth in the geomancy consulting industry. AI-assisted consultations, multilingual digital platforms and remote advisory tools significantly enhance accessibility and convenience for clients, removing traditional barriers such as geographical distance, scheduling constraints and language limitations. These technologies also contribute to greater public awareness by making geomantic concepts easier to understand, more widely disseminated and available to a broader demographic.

Business models that combine traditional consulting with curated products or subscription-based memberships, which provide continued access to personalized insights, periodic updates and exclusive content, offer meaningful opportunities for expansion. These models strengthen client engagement while enabling consultants to serve a larger audience more efficiently.

Corporate focused services are also emerging as a growth area, as organizations increasingly explore the application of geomantic insights in areas such as leadership alignment, team dynamics and strategic planning. This creates potential for consultants to deliver broader scale programs and long-term advisory arrangements.

Together, these evolving models support scalability, recurring revenue generation and deeper client relationships, positioning the industry for sustained future growth.

***Laws and Regulations for Geomancy Consulting Services Industry in Singapore***

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The geomancy consulting services industry in Singapore is not directly regulated by specific laws but is subject to general business and professional regulations that apply to all service-based industries. The key legal frameworks and regulations that impact the industry include:

● Business Licensing and Registration: Consultants must comply with registration and licensing requirements under the Accounting and Corporate Regulatory Authority (ACRA) to operate legally.

● Consumer Protection: The Consumer Protection (Fair Trading) Act 2003 (CPFTA) protects consumers against unfair practices in consumer transactions, including misleading conduct, false claims and certain specified unfair practices.

● Advertising: Marketing and promotional materials are subject to applicable Singapore consumer protection laws, including restrictions on false or misleading claims. Businesses should also take into account the Singapore Code of Advertising Practice administered by the Advertising Standards Authority of Singapore .

● Data Protection: With digital consultations, consultants must comply with the Personal Data Protection Act (PDPA) to safeguard client data.

● Data Protection and Privacy: With the rise of digital consultations, Geomancy consultants must comply with the Personal Data Protection Act (PDPA) when handling clients' personal information.

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***Market Size of Geomancy Consulting Services in Singapore (2020-2029E)***

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From 2020 to 2024, Singapore's Geomancy consulting services market grew from US$150.1 million to US$168.9 million, reflecting a CAGR of 3.0%. Looking ahead, the market is projected to reach US$226.1 million by 2029. This growth is expected to accelerate with a projected CAGR of 6.0%, driven by increasing acceptance and personalization of Geomancy and growing importance of wellness overall.

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Source: Business research insights, Desk Research and Estimation

***Market Size of Geomancy Consulting Services in Southeast Asia (2020-2029E)***

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From 2020 to 2024, the Southeast Asia's Geomancy consulting services market (excluding Singapore) grew from US$1,287.0 million to US$1,448.5 million, reflecting a CAGR of 3.0%. Looking ahead, the market is projected to reach US$1,938.5 million by 2029, with an overall projected CAGR of 6.0%, driven by rising disposable incomes, rapid urbanization, and growing interest in holistic wellness practices.

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Source: Business research insights, Desk Research and Estimation

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***Market Size of Online/AI assisted Geomancy Consulting Service in Singapore (2020-2029E)***

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The market for online and AI-assisted geomancy consulting services in Singapore was minimal in 2020, the market has reached US$22.6 million by 2024. Looking ahead to 2025–2029, the market for online and AI-assisted geomancy services is expected to grow at a CAGR of 20.0%, reaching US$56.2 million by 2029, as further AI advancements and increasing consumer acceptance of virtual consultations continue to drive demand.

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Source: Business research insights, Desk Research and Estimation

***Market Size of Online/AI assisted Geomancy Consulting Service in Southeast Asia (2020-2029E)***

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The market for online and AI-assisted geomancy consulting services in Southeast Asia (excluding Singapore) was minimal in 2020 and has reached US$203.7 million by 2024. By 2025–2029, the market for online and AI-assisted geomancy services is expected to grow at a CAGR of 19.0%, reaching US$486.1 million by 2029. This growth will be driven by the region's increasing digital transformation, expanding middle class, and rising consumer demand for affordable and accessible virtual consultations.

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Source: Business research insights, Statista

***Market Drivers for Geomancy Consulting Services in Singapore***

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Several key factors are driving the growth and demand for geomancy consulting services in Singapore:

● Cultural Familiarity and Acceptance: Geomancy has long standing roots within the Chinese community, which forms a significant proportion of Singapore's population. This cultural familiarity creates a naturally receptive environment in which geomancy is widely understood, regularly referenced and commonly incorporated into personal and family decision making.

● Rising Awareness and Shift Toward Structured Guidance: Public perception has increasingly shifted from viewing geomancy as a purely traditional concept to recognizing it as a structured, methodology based advisory discipline. Greater exposure through education, publications and online content has encouraged more individuals to seek analytical, personalized guidance for important life decisions.

● Growth of Wellness and Personal Advisory Services: Singapore's broader wellness movement, with its emphasis on mental wellbeing, lifestyle improvement and long term personal development, has contributed to rising interest in guidance based services. Geomancy is increasingly viewed as a complementary tool that offers clarity, confidence and direction in areas such as relationships, career choices and major life decisions.

● Expansion of Digital and AI-Enabled Accessibility: Online consultations, digital tools and AI-enabled platforms have made geomantic insights more accessible to a wider audience. This has supported demand from younger, tech savvy consumers and facilitated greater reach beyond traditional in person consultations.

● Growing Interest Among Younger and More Diverse Consumers: Younger professionals are adopting geomancy in new ways, favoring digital formats, personalized content and on demand access. Their comfort with technology, openness to analytical tools and preference for data supported guidance has expanded the channels through which geomancy is consumed. This shift has broadened the market beyond traditional users and contributed to more diversified and sustained demand.

● Increasing Use in Corporate and Organizational Settings: Businesses increasingly engage geomancy consultants to support leadership alignment, team dynamics and organizational planning. This expanding adoption across workplace and commercial environments has broadened the industry's client base beyond individual users.

Source: Business research insights, Global wellness summit

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***Market Trends for Geomancy Consulting Services in Singapore***

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Looking ahead, several significant trends are shaping how the geomancy industry in Singapore is likely to evolve:

● Digitalization of Geomancy Services and Increased Remote Delivery: Digital platforms, virtual consultations and technology enabled tools are becoming more integrated into service delivery. These formats allow consultants to scale outreach, offer multilingual interpretations, streamline analysis and serve clients across different geographies. As consumers increasingly expect convenience and digital access, the adoption of virtual delivery models is expected to continue rising.

● Growth of AI-Assisted Interpretation and Automation: AI-based applications are beginning to support tasks such as data processing, chart interpretation and personalized reporting through adaptation, configuration and integration of existing third-party AI technologies into geomancy methodologies and digital platforms without the creation of proprietary core AI models. AI-assisted integration include the development of interactive and conversational features, the incorporation of structured geomancy content into AI-supported workflows and the use of AI-enabled tools to analyze user interactions and engagement patterns in order to support personalization, content delivery and user experience design. While consultants remain central to contextual insight and advisory judgement, AI tools enhance efficiency, reduce turnaround time and improve accessibility for users. Continued investments in AI solutions are likely to reshape how foundational methodologies are delivered and utilized.

● Integration with Holistic Wellness and Lifestyle Ecosystem: Geomancy is increasingly incorporated into wellness-oriented living, lifestyle planning and holistic wellbeing frameworks. This trend aligns geomancy with broader consumer interests in mental well-being, emotional clarity and intentional living. Partnerships with wellness brands, lifestyle platforms and home living services are likely to emerge as the industry becomes more interconnected with adjacent sectors.

● Corporate and Commercial Service Growth: Beyond individual consultations, geomancy is being applied in organizational contexts such as leadership alignment, workplace considerations, team cohesion and planning discussions. This trend reflects a growing recognition of geomancy as an advisory tool within corporate environments. As organizations invest more in employee wellbeing and workplace optimization, demand for structured corporate-level geomancy services is expected to grow.

● Blending Tradition with Modern Lifestyle & Globalization: Modern consumers increasingly integrate geomantic concepts with contemporary lifestyle preferences, interior design aesthetics and global living norms. As geomancy becomes adapted to suit modern layouts, minimalist design, and cross-cultural environments, its relevance extends beyond traditional households to younger, cosmopolitan residents and expatriate communities. This trend reflects a broader modernization of the practice, making geomancy compatible with diverse living arrangements and globalized urban lifestyles.

● Increasing Presence in Education, Events and Public Engagement: Workshops, seminars, training programs and metaphysical events are becoming more common as consultants expand engagement channels. These activities increase public literacy, build community awareness and serve as outreach mechanisms to attract new users. As interest continues to rise among younger audiences, demand for educational and experiential formats is expected to strengthen.

● Integration with Modern Architecture & Wellness-Oriented Real Estate: Geomantic principles are increasingly being incorporated into modern architectural design and wellness oriented real estate developments. Geomancy is progressively moving upstream, with consultants engaged during project planning, site orientation and initial layout design. This shift from post-completion reviews to early-stage integration reflects a growing emphasis on environmental harmony, sustainability and occupant wellbeing, and positions geomancy as a complementary discipline within the wider built environment ecosystem.

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**Competitive Landscape of Geomancy Consulting Service Industry in Singapore (2025)**

The geomancy consulting industry in Singapore is fragmented, comprising predominantly individual consultants and small consulting firms, together with a limited number of larger and more established companies. Methodologies and service approaches vary widely across the sector and client engagement is largely trust-based, with reputation and consultant experience playing a central role in demand. While many consultants operate independently or at a modest scale, only a small group of firms have developed broader platforms with structured service delivery or regional reach. As demand becomes more commercially organized, this environment presents opportunities for greater differentiation and professionalization within the industry.

Selected leading examples of companies in the sector include:

Company A, headquartered in Singapore and listed on the London AIM, this company offers Geomancy consulting and retail products, serving both residential and commercial clients.

Company B, based in Singapore, this company combines traditional geomancy services with sustainable solutions, focusing on residential and commercial spaces.

Company C, a leading Singapore-based company offering residential and commercial geomancy services, including amulets and crystals.

Company D, a Singapore-based company provides geomancy and Ba Zi consultations, audits, date selection, and symbolic products, catering to both personal and business clients.

Against this industry backdrop, we have established an international presence supported by a diverse client base across multiple jurisdictions. Our founder, a master in the field with over four decades of experience, has built a strong network of loyal clients and earned wide recognition within the industry. We incorporate AI technology into our service offerings to enhance the consistency, accessibility and scalability of geomancy consultations, which we believe positions us favorably within a market that remains largely traditional and relationship-driven.

**Business**

**O** **verview**

We are a Singapore-based geomancy services company that provides professional geomancy consulting solutions, curated geomancy-related products, thematic geomancy events and subscription-based online services to individual and institutional clients.

Our business is founded and led by Ms. LIM Kiam Kiam, who has more than four decades of experience in Chinese geomancy practice. She began her early work in geomancy in Singapore and later developed a professional practice serving individuals, families, corporate clients, religious institutions and development projects across Asia.

In 1999, Ms. LIM Kiam Kiam established Ehang International, which became one of the first geomancy practices in Singapore to operate its own website and to incorporate computer-based geomancy analysis into its services.

Over the years, she has advised on major development projects in Indonesia and Greater China, including engagements in Beijing, Shanghai, Chongqing and Chengdu. Many of these assignments remain confidential due to arrangements with multinational corporations and government agencies.

Today, we operate through an integrated platform that supports the delivery of our consulting services and related offerings. We are expanding our digital capabilities to improve accessibility and scalability, including the development of an AI-enabled geomancy analysis tool intended to support consistent interpretation, streamline service delivery and enhance user experience.

Our operations originated in Singapore and we serve clients across multiple markets in Asia through a combination of in-person engagements, project-based assignments and digital service delivery.

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**Our Mission** 

To empower individuals with clarity and direction in navigating life's decisions by integrating traditional geomancy wisdom with modern insight.

**Our Vision**

To transform the practice of geomancy into a modern, accessible and educational life-navigation system that supports personal growth and informed decision making.

**Our Competitive Strengths**

***Institutionalized service delivery supported by systems and technology***

We have developed structured processes, digital platforms, and supporting tools that enable consistent service delivery and continuity of operations. This system-supported approach reduces reliance on person-dependent execution and provides a scalable foundation for growth.

***Technology-enabled delivery in a traditionally offline industry***

The geomancy industry remains largely fragmented and predominantly offline. Our digital platforms enhance accessibility, support consistency in service delivery, and enable engagement beyond traditional in-person consultations.

***Integrated ecosystem supporting diversified revenue streams***

We operate an integrated ecosystem comprising consulting services, digital offerings, and curated geomancy-related products. This model supports multiple customer touchpoints and diversified revenue streams.

***Advisory-based and responsibly positioned service model***

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We position geomancy as an advisory and guidance-based discipline rather than a predictive or outcome-guaranteed service. This responsible positioning enhances credibility, aligns with regulatory and ethical expectations, and supports long-term client trust.

 ****

***Established credibility and proven track record***

Our competitive position is supported by a long-established consulting practice and a track record of serving a diverse client base, including individuals, families, corporate clients and religious institutions. Over time, this has resulted in repeat engagements and referral-driven customer acquisition.

This accumulated market trust reflects sustained demand for our services and supports customer retention, providing a stable foundation for ongoing consulting activities and the expansion of related digital offerings and products.

***Cultural depth adapted for*** cross-border and digital ***delivery***

Our offerings are grounded in established cultural practices and adapted for modern digital consumption. This enables us to serve overseas and cross-border client segments efficiently, without reliance on physical locations, differentiating us from traditional, locally bound geomancy practices.

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**Our Strategies**

Our business strategies and future plans for our expansion are as follows:

***Broader market outreach through digital and structured delivery formats***

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Market outreach will be expanded by strengthening digital delivery channels and extending service access beyond traditional in-person consultations. Building on its digital platforms, we intend to offer online geomancy consulting services and distribute curated products through online channels, enabling customers to access services conveniently without geographic limitations.

In addition, we are exploring the use of technology-enabled interfaces to support interactive online consultations, as well as selected in-person digital consultation formats deployed at strategic locations such as wellness centres, hospitality venues, and other partner locations. These initiatives are intended to increase customer touchpoints, enhance engagement, and improve service availability across both online and offline environments.

Through broader outreach and diversified delivery formats, we aim to expand market reach, enhance customer experience, and support scalable growth across its consulting and product-based services.

***Diversification of our service and product portfolio***

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Diversification of our portfolio will be pursued through the development of technology enabled services and the expansion of wellness related initiatives that complement our existing geomancy consulting model. Advancements in AI create opportunities to introduce new products and customer experiences that extend beyond traditional consultation formats.

Potential collaborations with wellness practitioners, hospitality providers and resort operators are intended to support the creation of programs and retreats that incorporate geomancy guidance within broader lifestyle and well-being experiences. These initiatives may include digital tools, personalized reports, and structured programs designed to support holistic self-development, broadening the Company's customer base and solution set.

In parallel, we intend to develop technology-enabled engagement formats, including interactive digital content and educational platforms inspired by life navigation concepts. These initiatives are designed to enhance user engagement, increase brand visibility, and attract younger and digitally native audiences into the Company's ecosystem.

***Systematic integration of artificial intelligence into service delivery***

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AI will be progressively integrated into our service delivery model to enhance scalability, accessibility and consistency across offerings. Development efforts are focused on AI-assisted tools that support the interpretation of structured inputs and generate preliminary insights to complement the advisory process. Unlike traditional software tools and rule-based algorithms that operate using fixed, deterministic instructions and predefined logic, AI-enabled systems generate outputs based on inputs and context rather relying on static rule execution.

We plan to further integrate AI-enabled tools to support the digital delivery of our geomancy methodologies. These uses include interactive and conversational features that allow users to query geomancy-related topics, as well as AI-supported tools that analyze user interactions and engagement patterns to support personalization, content presentation and user experience design. AI-enabled features operate in conjunction with our proprietary geomancy information, structured content, analytical frameworks and predefined methodology rules, and are intended to enhance accessibility and engagement rather than to replace expert judgment or provide autonomous decision-making.

Exploration of additional AI-enabled applications is ongoing, including the potential deployment of technology-assisted consultation interfaces at selected partner locations such as wellness centres, hospitality venues, clinics, and other strategic sites. These interfaces are intended to provide guided and automated interactions based on pre-configured geomancy principles, enabling standardized introductory explanations or preliminary assessments in convenient physical settings.

Such applications are designed to extend customer touchpoints, support consistent content delivery, and enhance service accessibility without reliance on in-person consultations. Ongoing investment in AI technologies is expected to strengthen operational efficiency, broaden customer engagement channels, and reduce operational concentration risks while maintaining appropriate expert oversight.

***Strengthening organizational capabilities through technology and process automation***

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Organizational capabilities will be strengthened through continued investment in digital infrastructure, AI-enabled systems, and standardized operating processes. These initiatives are designed to enhance operational efficiency, support service consistency, and enable business growth without proportional increases in manpower.

AI-enabled features are developed through a combination of internal design and third-party development support. Proprietary foundational artificial intelligence models are not developed in-house. As of the date of this prospectus, our AI-enabled features are still undergoing development. We intend to work with external technology vendors that provide AI-related engineering, infrastructure and technical implementation. See *"Risk Factors — Risks Related to Our Business and Industry — Reliance on third party vendors for technology development may expose us to operational and performance risk."*

We will contribute proprietary geomancy information, structured content, analytical logic and methodologies, which are incorporated into customized, application-layer AI functionality. Our internal efforts focus on methodology design, content structuring, system requirements, quality control and product integration, while our external vendors support software development and technical execution.

By embedding technology and process discipline across key functions, we aim to support sustainable and controlled growth while maintaining governance standards and service quality.

***Digitally led service delivery for cross-border and digitally oriented audiences***

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Growth efforts will focus on digital-first service delivery formats that prioritize online access, structured digital interactions, and technology-enabled engagement, while maintaining consistent service quality across customer touchpoints.

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**Our Offerings**

Our offerings comprise (i) geomancy consulting solutions, (ii) curated products (iii) geomancy-themed events and (iv) subscription based online services. The business originated in Singapore and has expanded to Indonesia, various regions of Greater China including Hong Kong, as well as overseas Chinese communities globally.

Customers include individuals, families, corporate clients and religious institutions seeking professional geomancy guidance relating to wealth, health, career and relationships. As part of the consulting process, customers may also be provided with curated products that correspond to their personalized recommendations, supporting the practical application of the advice received.

***Geomancy consulting solutions***

Our geomancy consulting services form the core of our business and include both individual based consultations and assessments of residential, commercial and development sites.

Individual consultations involve reviewing the client's birth information and personal geomancy profile to provide insights that support life planning, decision making and an understanding of personal tendencies and potential challenges. The guidance offered is tailored to the client's circumstances and is intended to help them navigate key aspects of their personal and professional life with greater clarity and confidence.

Property based consultations involve assessing the layout, orientation and directional features of a home, office or development site and providing recommendations on areas to prioritize or avoid and adjustments to the environment that support the intended use of the space.

Consulting sessions may be conducted in person or through submitted plans and documents and may include written guidance, clarifications or follow up reviews where required. For larger or more complex engagements, such as commercial properties or development projects, a more detailed approach is adopted. These assignments may involve reviewing architectural plans, coordinating with architects or designers and providing input throughout the planning process.

***Curated products***

As an integral component of our geomancy consulting solutions, curated products are recommended to clients based on the needs and considerations identified during their consulting sessions. These products are provided as outcomes of the consultation and are selected or custom-designed to support the practical application of the guidance given.

The curated products offered by the Company include both physical items and digital resources. Physical items may consist of purpose-designed geomancy objects or decorative pieces that complement the advice provided during consultations. Digital resources may include explanatory materials, reference guides or other supporting content that helps clients understand and implement the recommendations relevant to their circumstances.

By integrating curated products with our consulting services, we offer clients a coherent and structured experience that connects professional advice with practical tools. This approach strengthens the effectiveness of our consulting model, provides clients with accessible means to apply the guidance received and reinforces the overall value of our service offerings.

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***Geomancy-themed***  ***events***

We conduct events that serve as key engagement platforms and provide structured touchpoints for our community. Our annual geomancy outlook talk is a key event that offers participants an overview of the coming year's themes based on geomancy principles, including yearly considerations relating to zodiac signs and directional influences. This session provides practical guidance to help attendees plan for the year ahead and understand how broader geomancy factors may relate to personal decisions and opportunities.

In addition to the annual talk, we conduct monthly online sessions that share updates on the monthly zodiac outlook and other relevant geomancy considerations. These recurring sessions support ongoing learning and sustained engagement with our community.

Curated products aligned with the themes discussed at these events may also be made available to attendees, providing practical tools that complement the geomancy guidance shared.

***Subscription-based membership programs***

We offer subscription-based membership programs that provide members with ongoing access to our geomancy insights and selected digital features. These programs are designed to maintain consistent engagement with our community and support users throughout the year.

Members are granted access to premium content and a broader range of metaphysics-related materials available on the platform. Membership also provides access to proprietary tools and platform features that are not available to non-members, including tools that generate personalized interpretations based on information entered by the user.

Our membership programs serve as a continuous touchpoint with our community, enabling members to stay connected with our geomancy insights and access enhanced tools and content on an ongoing basis.

As of September 30, 2024 and 2025, we had 52 and 51 subscribers, respectively. For the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025, we generated revenue of SGD4,951 and SGD5,668 (US$4,393) from membership subscription, respectively, representing 12.16% and 0.33% of our total revenues, respectively.

***Pricing***

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We adopt a value-based pricing strategy that aligns with the customized nature of our geomancy consulting solutions.

Fees for geomancy consulting services are determined based on the nature and scope of each engagement. Pricing considerations typically include the complexity of the assessment, the duration of the engagement, the specific requirements of the client and whether the engagement relates to personal or commercial premises. This approach is consistent with industry practice for professional advisory services and is intended to reflect the level of expertise and effort applied to each consultation.

Pricing for curated products is determined based on procurement costs, product specifications and predefined pricing by product category. Certain curated products are manufactured by the Company, while others are sourced from third-party suppliers. Curated products are offered as part of an integrated geomancy consulting solution and are not positioned as stand-alone retail products.

**Sales and Marketing**

Our sales and marketing activities are primarily relationship-driven and supported by long-standing client relationships developed through professional practice. Customer acquisition for geomancy consulting services is largely generated through referrals and repeat engagements, while new customers continue to be introduced to the Company through its professional network and digital platforms.

During consulting engagements, curated products may be recommended where appropriate as part of the integrated consulting model. These products are intended to complement the guidance provided and are not marketed or distributed as general retail items to the public.

Our digital platforms are primarily used for publishing educational content, supporting brand awareness and maintaining engagement with its community. As the business develops, these platforms are expected to play an increasingly important role in customer engagement and may also support online consulting services and subscription-based offerings.

Given the relationship-driven nature of its business model, we maintain a lean internal sales structure and do not rely on large outbound sales teams. Sales and marketing activities are overseen by management, with support from external service providers where appropriate. As we continue to expand our digital capabilities, our sales and marketing strategies are expected to evolve to place greater emphasis on online engagement, accessibility and scalable service delivery.

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**Our Customers** 

Our clientele comprises individuals and families seeking geomancy guidance for major life events, corporate clients including offices, retail outlets and hospitality operators seeking advice for their business premises, as well as religious institutions that engage us for geomancy related consultations.

The customer base is broad and diversified, with no dependence on any single customer or small group of customers. Repeated engagements are common, as existing customers often return for additional consultations or follow up guidance.

For the years ended September 30, 2025 and 2024, the individual customers, who accounted for 10% or more of our revenue are presented as follows:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **For the period from <br> September 26, 2023 <br> (inception) to <br> September 30, 2024** | **For the period from <br> September 26, 2023 <br> (inception) to <br> September 30, 2024** | **For the year ended <br> September 30, 2025** | **For the year ended <br> September 30, 2025** |
|  | **SGD** | | **SGD** | |
| Customer A |  | 0% | 249378 | 14% |
| Customer B | 35780 | 88% |  | 0% |

---

**Procurement**

Curated products are sourced from third-party suppliers based on predefined product specifications and availability. A long-standing relationship of more than a decade is maintained with an independent third-party supplier that sources curated products from various vendors on the Company's behalf. This sourcing arrangement supports access to a range of curated products and enables efficient response to consultation-driven demand.

Procurement activities are overseen by management to ensure that curated products meet internal quality standards and are consistent with the Company's consulting framework. Purchase orders are placed on an as-needed basis in response to customer demand rather than under fixed or long-term supply arrangements.

For the period from September 26, 2023 (date of inception) to September 30, 2024 and year ended September 30, 2025, purchase costs were approximately SGD9,310 and SGD378,367 (US$293,240), respectively, representing approximately 100% and 90.62% of total cost of revenue.

**Seasonality**

Customer demand for our consulting services and curated products remains steady throughout the year, supported by ongoing personal, residential and business-related needs. However, activity typically increases in the period leading up to the Lunar New Year, when customers seek updated outlooks for the coming year and purchase products aligned with these recommendations. This seasonal uplift may result in higher volumes of consulting sessions and product sales compared with other periods.

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**Market and Competition**

The geomancy industry is highly competitive and fragmented, with the majority of practitioners operating as independent consultants or through small enterprises. Compared with independent practitioners and general retailers selling curated products, we consider our outlook to be favorable, as our integrated service-product model put us in a position to compete effectively and our online delivery channels provide opportunities to reach a wider audience.

While competition in the industry is expected to remain fragmented and reputation-based, we believe that our integrated services and curated products approach and emphasis on accessibility position us favorably to capture future demand.

**Employees**

As of the date of this prospectus, we employed a total of 12 employees located in Singapore. The following table sets forth a breakdown of our employees by title:

---

| | |
|:---|:---|
| **Title** | **Number of <br> Employees** |
| Management | 2 |
| Administrative | 3 |
| Sales representative | 7 |
| **Total** | 12 |

---

We maintain a lean team under the leadership of Ms. LIM Kiam Kiam who oversees our daily operations. Our geomancy services are provided exclusively by Ms. LIM Kiam Kiam and none of our other employees directly provide geomancy consultations, interpretive services or professional geomancy advice. Our other employees are primarily engaged in management, accounting, administrative, sales and marketing support functions for day-to-day operations, while technology-related functions are performed by third-party service providers. When specialized corporate functions are needed, we rely on our partnered external service providers. For example, we outsourced our marketing and digital operations to an external marketing company, sales and distribution operations to third-party distributors and sales agents and our accounting and finance operations to an external accounting firm.

We offer our employees with remuneration packages that include salary and benefits in compliance with all applicable laws and regulations of Singapore. Compensation levels are set based on a variety of factors, including each employee's role, qualifications, professional experience, and individual performance. At management's discretion, discretionary bonuses may be provided to incentivize employees. We had not experienced any significant difficulties in recruiting employees and had not experienced any material labor dispute.

**Properties**

As of the date of this prospectus, we have entered into the following workspace license agreement for our office:

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| | | | |
|:---|:---|:---|:---|
| **Location** | **Term** | **Rent** | **Usage** |
| 62 Ubi Road 1, #06-03, Oxley Bizhub 2 408734 Singapore | April 18, 2025 to April 17, 2027 | SGD 3,100/month | Office |

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**Intellectual property**

As of the date of this prospectus, we have not registered any patent or trademark. We have registered our domain name and website. You can find our website at *https://www.discovermyatlas.ai*.

**Insurance**

We consider our insurance policies to be adequate and in line with the industry standard. As of the date of this prospectus, we have maintained office insurance and work injury compensation insurance for our employees to the extent required under Singapore law. As of the date of this prospectus, we had not made any material claims on insurance.

**Legal proceedings**

During the fiscal years ended September 30, 2025 and 2024 and as of the date of this prospectus, neither we nor any of our subsidiaries have been involved in any litigation, claim, administrative action or arbitration which in the opinion of our management, is likely to have a material adverse effect on our business, financial condition or results of operations.

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**Regulation**

We are subject to all relevant laws and regulations of Singapore and may be affected by policies which may be introduced by their respective governments from time to time. We have identified the main laws and regulations (apart from those pertaining to general business requirements) that materially affect our operations, and the relevant regulatory bodies, below.

**Laws and regulations relating to commerce, including e-commerce**

There are various general consumer protection laws in place in Singapore, which apply generally to all relevant transactions, including electronic transactions.

***Consumer Protection (Fair Trading) Act 2003 of Singapore ("CPFTA 2003")***

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The CPFTA 2003 sets out a legislative framework to protect consumers against unfair practices and to give consumers additional rights in respect of goods that do not conform to contract, and for matters connected therewith.

A supplier is defined under the CPFTA 2003 as a person who, in the course of the person's business, (a) provides goods or services to consumers; (b) manufactures, assembles or produces goods; (c) promotes the use or purchase of goods or services; or (d) receives or is entitled to receive money or other consideration as a result of the provision of goods or services to consumers, and includes any employee or agent of the person.

Suppliers may be held liable for engaging in unfair practices in relation to consumer transactions. Unfair practices include (a) doing or saying anything, or omitting to do or say anything, if as a result a consumer might reasonably be deceived or misled; (b) making a false claim; (c) taking advantage of a consumer if the supplier knows or ought reasonably to know that the consumer (i) is not in a position to protect his or her own interests, or (ii) is not reasonably able to understand the character, nature, language or effect of the transaction or any matter related to the transaction; or (d) doing anything specified in the Second Schedule to the CPFTA 2003. The Second Schedule to the CPFTA 2003 sets out specific unfair practices, such as certain forms of misrepresentation and taking advantage of consumers.

The prescribed limit for a consumer a claim under Section 6 of the CPFTA 2003 is S$30,000 or any other amount that the Minister may, by order in the Gazette, prescribe.

***Consumer Protection (Trade Descriptions and Safety Requirements) Act 1975 of Singapore ("CPTDSRA 1975")***

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The CPTDSRA 1975 prohibits the misdescriptions of goods supplied in the course of trade. Trade description is defined under the CPTDSRA 1975 as any description, statement or indication which, directly or indirectly and by whatever means given, relates to, amongst others, the physical characteristics of any goods and the history, including previous ownership or use, of any goods.

Where an offense has been committed under the CPTDSRA 1975 but there are no specific penalties provided, the offender may be liable for a fine not exceeding S$10,000 or imprisonment for a term not exceeding two years or both.

**Laws and regulations relating to data protection and information security**

***Personal Data Protection Act 2012 of Singapore ("PDPA 2012")***

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The PDPA 2012 governs the collection, use, processing and disclosure of personal data by organizations, and to establish the Do Not Call Register and to provide for its administration, and for matters connected therewith. The PDPA 2012 is administered and enforced by the Personal Data Protection Commission Singapore ("**PDPC**").

"personal data" is defined under the PDPA 2012 as data, whether true or not, about an individual who can be identified (a) from that data; or (b) from that data and other information to which the organization has or is likely to have access to.

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An organization is required to comply with, amongst other things, the various data protection obligations prescribed by the PDPA 2012 if they undertake activities relating to the collection, use, processing or disclosure of personal data. Some of the various data protection obligations under the PDPA 2012 are summarized as follows:

&nbsp;&nbsp;&nbsp;&nbsp;(a) **Accountability obligation**: An organization must develop and implement policies and practices that are
 necessary for the organization to meet its obligations under the PDPA 2012. This includes
 (i) appointing a data protection officer (ii) developing and implementing data protection
 policies and practices (iii) being answerable to individuals and the PDPC;

(b) **Notification obligation**: Individuals must be notified of the purposes for the collection, use and/or
 disclosure of their personal data, on or prior to such collection, use and/or disclosure;

(c) **Consent obligation**: The consent of individuals must be obtained before collecting, using and/or
 disclosing their personal data, unless an exception applies. In addition, an organization
 must allow the withdrawal of consent by an individual which has been given or is deemed to
 have been given under the PDPA 2012 by giving reasonable notice;

(d) **Purpose limitation obligation**: Personal data must be collected, used and/or disclosed only for
 purposes (i) that a reasonable person would consider appropriate in the circumstances; and
 (ii) if applicable, have been notified to the individual concerned in accordance with the
 PDPA 2012;

(e) **Accuracy obligation**: An organization must make reasonable efforts to ensure that personal data
 collected by or on its behalf is accurate and complete, if such data (i) is likely to be
 used by the organization to make a decision that affects the individual to whom the personal
 data relates; or (ii) if such data is likely to be disclosed by the organization to another
 organization;

(f) **Protection obligation**: An organization must protect personal data in its possession or under its
 control by making reasonable security arrangements to prevent (i) unauthorised access, collection,
 use, disclosure, copying, modification or disposal, or similar risks; and (ii) the loss of
 any storage medium or device on which personal data is stored;

(g) **Retention limitation obligation**: An organization must cease to retain its documents containing
 personal data, or remove the means by which the personal data can be associated with particular
 individuals, as soon as it is reasonable to assume that (i) the purpose for which that personal
 data was collected is no longer being served by retention of the personal data; and (ii)
 retention is no longer necessary for legal or business purposes;

(h) **Transfer limitation obligation**: Personal data must not be transferred out of Singapore except
 in accordance with the requirements prescribed under the PDPA 2012 and the Personal Data
 Protection Regulations 2021, including requirements intended to ensure that the transferred
 personal data will be accorded a standard of protection comparable to that under
 the PDPA 2012, unless an applicable exception applies.

(i) **Access and correction obligations**: When requested by an individual and unless an exception applies, an organization
must, as soon as reasonably possible, (i) provide that individual with personal data about the individual that is in the possession or
under the control of the organization, and information about the ways in which such personal data has been or may have been used or disclosed
by the organization within a year before the date of the request, and/or (ii) correct an error or omission in the individual's personal
data that is in the possession or under the control of the organization and send the corrected personal data to every other organization
to which the personal data was disclosed by the organization within a year before the date the correction request was made, unless that
other organization does not need the corrected personal data for any legal or business purpose;

(j) **Data breach notification obligation**: An organisation must assess, in a reasonable
 and expeditious manner, whether a data breach is a notifiable data breach. A data
 breach is notifiable if it results in, or is likely to result in, significant harm to
 an affected individual, or is, or is likely to be, of a significant scale. If the
 organisation determines that the data breach is notifiable, it must notify
 the PDPC as soon as practicable and, in any event, no later than three
 calendar days after making that determination. Where the breach is notifiable because
 it results in, or is likely to result in, significant harm to an affected individual,
 the organisation must also notify affected individuals unless an exception applies.

(k) **Data portability obligation**: The data portability obligation which is not yet in force as
 at the date of this prospectus and will take effect only when the relevant provisions
 and regulations are brought into force, would require an organisation,
 upon an individual's request and subject to applicable conditions and exceptions,
 to transmit applicable data in the organisation's possession or under its control
 to another organisation in a commonly used machine-readable format.

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The maximum financial penalty for breaches of the abovementioned obligations that can be imposed on organizations whose annual turnover in Singapore exceeds S$10 million is 10% of the annual turnover in Singapore of the organization, and in any other case, S$1 million. The severity of the penalties will be assessed based on, amongst others, the type and nature of the personal data involved, and the nature, gravity and duration of the non-compliance.

In addition to the obligations set out above, if an organization wishes to send telemarketing messages to Singapore telephone numbers, unless an exception applies, it must first check the Do-Not-Call Registry, which is administered by the PDPC, to ensure that the telephone number in question is not listed in the Do-Not-Call Registry, before sending the telemarketing messages. The maximum financial penalty for such breaches that may be imposed on an organization is S$1 million.

**Laws and regulations relating to intellectual property rights**

The Intellectual Property Office of Singapore is the national authority responsible for the registration and administration of registrable intellectual property rights in Singapore, including trade marks, patents, registered designs and geographical indications. Copyright protection in Singapore arises automatically under the Copyright Act 2021 if the statutory requirements are satisfied, and is not obtained by registration. Singapore is a member of the main international conventions regulating intellectual property matters, and a signatory to the World Trade Organization's Agreement on Trade Related Aspects of Intellectual Property Rights.

***Copyright Act 2021 of Singapore ("Copyright Act 2021")***

Pursuant to the Copyright Act 2021, copyright may subsist in protected subject matter such as original authorial works, including literary, dramatic, musical and artistic works, published editions of authorial works, sound recordings, films, broadcasts and qualifying performances, if the statutory requirements are satisfied. Depending on the category of protected subject matter, copyright owners enjoy exclusive rights such as rights relating to reproduction, publication, performance, communication to the public and other restricted acts.

The duration of the copyright depends on, amongst others, the subject matter being protected and various factors. In general, for an identified authorial work, copyright expires 70 years after the end of the year in which the author dies. Different rules apply to other categories of protected subject matter and to works where the author is not identified, including rules linked to the year in which the subject matter is first published, made available to the public or made.

***Trade Marks Act 1998 of Singapore ("TMA 1998")***

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Pursuant to the TMA 1998, a registered trade mark is a property right obtained by the registration of the trade mark under the TMA 1998 and the proprietor of a registered trade mark has the rights and remedies provided by the TMA 1998, namely, the exclusive right to use the trade mark and to authorise other persons to use the trade mark, in relation to the goods or services for which the trade mark is registered.

In the event of trade mark infringement, the registered proprietor of the trade mark will be able to commence an action for infringement and seek various forms of relief from the Singapore Courts. The infringement of a trade mark may also result in statutory damages. For example, for counterfeiting a registered trade mark, the claimant is entitled, at the claimant's election, to — (a) damages and an account of any profits attributable to the infringement that have not been taken into account in computing the damages (b) an account of profits or (c) statutory damages — (i) not exceeding $100,000 for each type of goods or service in relation to which the counterfeit trade mark has been used and (ii) not exceeding in the aggregate $1 million, unless the claimant proves that the claimant's actual loss from such infringement exceeds $1 million.

Statutory protection of a registered trade mark lasts 10 years from the date of registration, and the registration may be renewed for further periods of 10 years.

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***Patents Act 1994 of Singapore ("Patents Act 1994")***

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Pursuant to the Patents Act 1994, an application may be made to obtain a patent for inventions which are new, involves an inventive step and is capable of industrial application. Once the patent is granted, it would be valid for up to 20 years from the date of filing the application for the patent, so long as the renewal fees are paid.

**Laws and regulations relating to anti-money laundering and prevention of terrorism financing**

***Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 of Singapore ("CDSA 1992") and the Terrorism (Suppression of Financing) Act 2002 of Singapore ("TSFA 2002")***

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Pursuant to the CDSA 1992, where a person knows or has reasonable grounds to suspect, in the course of the person's trade, profession, business or employment, that property represents the proceeds of drug dealing or criminal conduct, or was used or is intended to be used in connection with such conduct, the person is required to disclose the knowledge, suspicion or relevant information to a Suspicious Transaction Reporting Officer as soon as reasonably practicable.

Pursuant to the TSFA 2002, persons in Singapore and Singapore citizens outside Singapore are required to inform the Commissioner of Police if they have possession, custody or control of terrorist property or information about transactions involving terrorist property in circumstances prescribed by the TSFA 2002. Failure to comply with these reporting obligations is an offence.

Under the CDSA 1992, the TSFA 2002, an individual may be liable to a fine not exceeding S$250,000 or imprisonment for a term not exceeding five years or both where the relevant property or information came to the individual's attention in the course of trade, profession, business or employment, and to a fine not exceeding S$50,000 or imprisonment for a term not exceeding five years or both in other individual cases.

**Laws and regulations relating to employment**

***Employment Act 1968 of Singapore ("EA 1968")***

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The EA 1968 covers every employee who is under a contract of service with an employer and includes a workman (as defined under the EA 1968), subject to exceptions. The definition of "employee" under the EA 1968 generally does not extend to genuine independent contractors who provide services under contracts for service. Whether a worker is an employee or an independent contractor depends on the substance of the relationship and not merely on the label used by the parties. The EA 1968 prescribes certain minimum conditions of service that employers are required to provide to their employees, including (i) minimum days of statutory annual and sick leave; (ii) paid public holidays; (iii) statutory protection against wrongful dismissal; (iv) provision of key employment terms in writing; and (v) statutory maternity leave and childcare leave benefits.

A workman is defined under the EA 1968 as including, among others, (a) any person, skilled or unskilled, who has entered into a contract of service with an employer pursuant to which he or she is engaged in manual labour, including any artisan or apprentice, but excluding any seafarer or domestic worker; and (b) any person employed partly for manual labour and partly for the purpose of supervising in person any workman in and throughout the performance of his or her work.

The main employment provisions of the EA 1968, which includes public holiday and sick leave entitlements, minimum days of annual leave, payment of salary and allowable deductions and relief for wrongful dismissal, cover all employees, including persons employed in a managerial or executive position, except domestic workers, seafarers and those who are covered separately.

In addition to the main employment provisions of the EA 1968, Part 4 of the Employment Act contains provisions relating to, among other things, working hours, overtime, rest days, holidays, annual leave, payment of retrenchment benefit, priority of retirement benefit, annual wage supplements and other conditions of work or service ("**Part 4**"). However, such Part 4 provisions only apply to: (a) workmen earning basic monthly salaries of not more than S$4,500; and (b) employees (excluding workmen or a person employed in a managerial or an executive position) earning basic monthly salaries of not more than S$2,600. An employer who breaches any provision of Part 4 of the EA 1968 is guilty of an offense and is liable on conviction for a fine not exceeding S$5,000, and for a second or subsequent offense a fine not exceeding S$10,000 or imprisonment for a term not exceeding 12 months or both.

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From April 1, 2016, employers are required to issue to their employees who are covered by the EA 1968 and who are employed for 14 days or more a written record of the key employment terms of the employee. The key employment terms required to be provided (unless inapplicable to such employee) include, among other things, working arrangements (such as daily working hours, number of working days per week and rest day(s)), salary period, basic salary, fixed allowances and deductions, overtime rate of pay, types of leave and other medical benefits.

***Employment of Foreign Manpower Act 1990 of Singapore ("EFMA 1990")***

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The employment of foreign employees in Singapore is governed by EFMA 1990 and is regulated by the Ministry of Manpower of Singapore ("**MOM**").

Pursuant to the EFMA 1990, no person shall employ a foreign employee unless the foreign employee has obtained a valid work pass from the MOM in accordance with the Employment of Foreign Manpower (Work Passes) Regulations 2012, which allows the foreign employee to work for him. Any person who fails to comply with or contravenes this provision of the EFMA 1990 is guilty of an offense and will: (a) be liable on conviction for a fine not less than S$5,000 and not more than S$30,000 or imprisonment for a term not exceeding 12 months or both; and (b) on a second or subsequent conviction: (i) in the case of an individual, be liable for a fine of not less than S$10,000 and not more than S$30,000 and imprisonment for a term of not less than one month and not more than 12 months; or (ii) in any other case, be punished with a fine of not less than S$20,000 and not more than S$60,000.

The work pass to be issued to a foreigner is contingent on, among other things, the type of work and salary being received by the foreigner. As at the date of this prospectus, foreign professionals, managers and executives must generally meet the applicable Employment Pass qualifying salary threshold, which is higher for older and more experienced candidates and differs for the financial services sector, and must satisfy other applicable criteria. Employment Pass candidates are also generally required to pass the points-based Complementarity Assessment Framework, unless an exemption applies. The relevant salary thresholds and work pass criteria are subject to change from time to time. Semi-skilled foreign workers from approved source countries working in eligible sectors may apply for a Work Permit, subject to applicable sector-specific requirements. As at the date of this prospectus, mid-level skilled foreign staff who meet the applicable salary, qualification and other requirements may apply for an S Pass, and the applicable qualifying salary is generally at least S$3,300 in all sectors except financial services and at least S$3,800 in the financial services sector, with higher thresholds for older and more experienced candidates.

The work pass to be issued to a foreigner is contingent on, among other things, the type of work and salary being received by the foreigner. Foreign professionals, managers and executives earning a fixed monthly salary of at least S$5,600 (in all sectors except the financial services sector) and at least $6,200 (in the financial services sector), with acceptable qualifications (such as a good university degree, professional qualifications or specialist skills) are eligible for an employment pass. The qualifying salaries increase for older and more experienced candidates. From 1 September 2023, in addition to meeting qualifying salary, employment pass candidates must also pass a points-based Complementarity Assessment Framework ("**COMPASS**"). From 1 September 2023, new applications for mid-level skilled staff earning a fixed monthly salary of at least S$3,150 (in all sectors except the financial services) and $3,650 (in the financial services sector) who possess a degree, diploma or technical certificate and have the relevant work experience may apply for an S-pass; and semi-skilled foreign workers from approved source countries working in, among others, the manufacturing sector may apply for a work permit. From 1 September 2025, the qualifying salary will be increased to at least S$3,300 (in all sectors except the financial services sector), and S$3,800 (in the financial services sector).

Further, under the Employment of Foreign Manpower (Work Passes) Regulations 2012, an employer of a Work Permit or S-Pass holder is required to purchase and maintain medical insurance with coverage of at least S$60,000 per 12-month period of a foreign workers' employment (or for such shorter period where the foreign workers' period of employment is less than 12 months) for the foreign workers' in-patient care and day surgery except as the Controller of Work Passes may otherwise provide by notification in writing.

In addition, the employment of foreign workers is also subject to sector-specific rules regulated by the MOM achieved via various policy instruments including: (a) business activity; (b) approved source countries; (c) the imposition of security bonds and levies; and (d) quota (or dependency ratio ceilings) based on the ratio of local to foreign workers.

***Central Provident Fund Act 1953 of Singapore ("CPFA 1953")***

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Pursuant to the CPFA 1953, an employer is obliged to make CPF contributions for all employees who are Singapore citizens or permanent residents who are employed in Singapore by an employer (save for employees who are employed as a master, a seaman or an apprentice in any vessel, subject to an exception for non-exempted owners). CPF contributions are not applicable for foreigners who hold work passes. CPF contributions are required for both ordinary wages and additional wages (subject to an ordinary wage ceiling and a yearly additional wage ceiling) of employees at the applicable prescribed rates which is dependent on, among other things, the amount of monthly wages and the age of the employee. An employer must pay both the employer's and employee's share of the monthly CPF contribution. However, an employer can recover the employee's share of CPF contributions by deducting it from their wages.

In addition, where the amount of the contributions which an employer is liable to pay under Section 7 of the CPFA 1953 in respect of any month is not paid within the prescribed period, the employer shall be liable for the payment of interest on the amount for everyday the amount remains unpaid commencing from the first day of the month succeeding the month in respect of which the amount is payable and the interest shall be calculated at the rate of 1.5% per month or the sum of S$5, whichever is greater. Where any employer who has recovered any amount from the monthly wages of an employee in accordance with the CPFA 1953 fails to pay the contributions to the CPF within the prescribed time, he will be guilty of an offense and will be liable on conviction for a fine not exceeding S$10,000 or imprisonment for a term not exceeding seven years or both. Where an offense has been committed under the CPFA 1953 but there are no specific penalties provided, the offender may be liable for a fine not exceeding S$5,000 or imprisonment for a term not exceeding six months or both, and where the person is a repeat offender in relation to the same offence, the offender may be liable for a fine not exceeding S$10,000 or imprisonment for a term not exceeding 12 months or both.

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**Management**

**Directors and Executive Officers**

The following table provides information regarding our directors, executive officers and key personnel upon the SEC's declaration of effectiveness of our registration statement on Form F-1, of which this prospectus forms a part.

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| **Name** | **Age** | **Position/Title** |
| **Directors and Executive Officers** |  |  |
| Ms. LIM Kiam Kiam | 65 | Chairlady of the Board and Director |
| Ms. Joyce LAI Xin | 34 | Chief Executive Officer |
| [ ] |  | Chief Financial Officer |
| Mr. LEE Geng Sheng Jason | 44 | Independent Director Nominee |
| Ms. TAN Li Hsia | 47 | Independent Director Nominee |
| Ms. LEE Foong Kwan | 58 | Independent Director Nominee |

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**Ms. LIM Kiam Kiam** is a Director and the Chairlady of the Board of Directors. She is responsible for our corporate governance and strategic decision-making. She has more than four decades of experience in Chinese geomancy practice. She began her early work in geomancy in Singapore and later developed a professional practice serving individuals, families, corporate clients, religious institutions and development projects across Asia. In 1999, Ms. LIM Kiam Kiam established Ehang International, which became one of the first geomancy practices in Singapore to operate its own website and to incorporate computer-based geomancy analysis into its services. Over the years, she has advised on major development projects in Indonesia and Greater China, including engagements in Beijing, Shanghai, Chongqing and Chengdu.

**Ms. Joyce LAI Xin** is our Chief Executive Officer. She is responsible for the Company's strategic direction, corporate governance, business development and overall operations. Ms. Lai has extensive experience in financial services and financial technology, with expertise in corporate governance, risk oversight, operational management and strategic execution. From November 2017 to January 2020, she served at OCBC Bank, where she developed a strong foundation in commercial banking operations and risk management. She then joined Bank of America, working there from January 2020 to April 2022. Following this, she transitioned to Matrix Tech Pte Ltd, where she was employed from April 2022 to December 2023. She rejoined Bank of America from January 2024 to April 2025 before resuming her role at Matrix Tech Pte Ltd in April 2025. During her career, she has managed cross-functional teams, developed governance and control frameworks, implemented operational processes and led organizational initiatives within regulated financial institutions and technology-driven businesses. Ms. Lai holds a Master of Science in International Business Management from the University of Surrey and a Bachelor's degree in Banking and Finance from Nanyang Technological University, Singapore.

[ ] is our Chief Financial Officer. [ ] is responsible for our corporate finance activities, oversight of financial reporting procedures, internal controls and compliance with respective requirements.

**Mr. LEE Geng Sheng Jason** is a director nominee who will be appointed as one of our independent directors prior to the closing of our initial public offering. Mr. Lee is the co-founder and has served as Business Development Director of DG Packaging Pte Ltd since March 2007, where he is responsible for business development, marketing strategy, customer relationship management, market intelligence and operational planning. He has played a key role in the growth and development of the business since its inception. He holds a Master of Science in Technopreneurship and Innovation and a Bachelor of Engineering in Computer Engineering from Nanyang Technological University, Singapore. He also holds a Specialist Diploma in Supply Chain Management from Nanyang Polytechnic, Singapore. Mr. Lee has over 19 years of experience in entrepreneurship, business development, strategic planning, technology and operations management, with a strong background in driving business growth, market expansion and operational efficiency.

**Ms. TAN Li Hsia** is a director nominee who will be appointed as one of our independent directors prior to the closing of our initial public offering. Ms. Tan has served as Director of Infineon Technologies Asia Pacific Pte Ltd since January 2012, where she is responsible for accounting governance, financial reporting, audit and internal control compliance, transfer pricing oversight and finance process efficiency across multiple jurisdictions in the Asia Pacific region. Prior to joining Infineon Technologies Asia Pacific Pte Ltd, Ms. Tan held senior finance and accounting positions with various organizations, including serving as Group Finance Manager of HLN Metal Centre Pte Ltd and HLN Rubber Products Pte Ltd. She also has experience in executive search and recruitment for finance professionals across a broad range of industries. Ms. Tan has over 15 years of finance and accounting experience and is currently pursuing the ACCA Final Level. She holds a Diploma in Accountancy (CAT) from the Institute of Certified Public Accountants of Singapore.

**Ms. LEE Foong Kwan** is a director nominee who will be appointed as one of our independent directors prior to the closing of our initial public offering. Ms. Lee has served as Managing Director of Sai Hing Medical Hall Pte Ltd in Singapore since November 1997, where she oversees the operations and strategic development of a Traditional Chinese Medicine herbal wholesale and retail business. Under her leadership, the company has established a broad customer network in Singapore and expanded its distribution presence into international markets including Malaysia, Indonesia, Hong Kong, the United Arab Emirates, Australia and New Zealand. Ms. Lee has nearly three decades of experience in business management, international distribution, product sourcing and quality control within the Traditional Chinese Medicine industry. She holds diplomas in Chinese Medicinal Materials Identification & Botany and Chinese Medicinal Diet Therapy from the Singapore College of Traditional Chinese Medicine / Beijing Studies, as well as a Diploma in Human Resource Management from HCS Singapore.

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**Family relationships**

Ms. Joyce LAI Xin, is our Chief Executive Officer and the daughter of Ms. LIM Kiam Kiam. As of the date of this prospectus, there are no other family relationships among our directors and executive officers.

**Board of Directors**

Our Board will consist of 4 directors upon the SEC's declaration of effectiveness of our registration statement on Form F-1, of which this prospectus forms a part. A director is not required to hold any shares in our Company to qualify to serve as a director. A director who is in any way, whether directly or indirectly, interested in a contract or transaction or proposed contract with our Company is required to declare the nature of his or her interest at a meeting of our directors. A general notice given to the directors by any director to the effect that he is a shareholder of any specified company or firm and is to be regarded as interested in any contract or transaction with that company or firm shall be deemed a sufficient declaration of interest in regard to any contract so made or transaction so consummated.

Subject to any separate requirement for audit committee approval under applicable law or the Listing Rules of the Nasdaq Stock Market and disqualification by the chairman of the relevant board meeting, a director may not vote in respect of any contract or transaction or proposed contract, that he or she may be interested therein, but he or she may be counted in the quorum at any meeting of the directors at which any such contract or transaction or proposed contract shall come before the meeting for consideration. Our Board may exercise all of the powers of our Company to raise or borrow money and to mortgage or charge its undertaking, property and assets (present and future) and uncalled capital, or any part thereof, and to issue debentures, debenture stock, bonds and other securities, whether outright or as collateral security for any debt, liability or obligation of our Company or of any third-party. None of our directors has a service contract with us that provides for benefits upon termination of service.

As a Cayman Islands company listed on the Nasdaq Capital Market, we are a foreign private issuer and are permitted to follow the home country practice with respect to certain corporate governance matters rather than complying with Nasdaq corporate governance standards. Cayman Islands law does not require a majority of a publicly traded company's board of directors to be comprised of independent directors. However, to enhance our corporate governance, we elect to follow Nasdaq corporate governance standards in having a majority of our board comprised of independent directors.

**Committees of the Board**

Upon the effectiveness of this offering, we intend to establish an audit committee, a compensation committee and a nominations committee under the Board. We intend to adopt a charter for each of the three committees prior to the completion of this offering. Each committee's members and functions are described below.

***Audit Committee.*** Our audit committee will consist of Mr. LEE Geng Sheng Jason, Ms. TAN Li Hsia and Ms. LEE Foong Kwan, and will be chaired by TAN Li Hsia. Our Board has determined that each such member satisfies the "independence" requirements of Rule 5605(a)(2) of the Listing Rules of the Nasdaq Stock Market and meet the independence standards under Rule 10A-3 under the Exchange Act. Our audit committee will consist solely of independent directors that satisfy the Nasdaq Capital Market and SEC requirements within one year of the completion of this offering. Our Board has also determined that Mr. LEE Geng Sheng Jason qualifies as an "audit committee financial expert" within the meaning of the SEC rules and possesses financial sophistication within the meaning of the Listing Rules of the Nasdaq Stock Market. The audit committee will oversee our accounting and financial reporting processes and the audits of the financial statements of our Company. The audit committee will be responsible for, among other things:

● selecting our independent registered public accounting firm and pre-approving all auditing and non-auditing services permitted to be performed by our independent registered public accounting firm;

● reviewing with our independent registered public accounting firm any audit problems or difficulties and management's response and approving all proposed related party transactions, as defined in Item 404 of Regulation S-K;

● discussing the annual audited financial statements with management and our independent registered public accounting firm;

● periodically reviewing and reassessing the adequacy of our audit committee charter;

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● meeting periodically with the management and our internal auditor and our independent registered public accounting firm;

● reporting regularly to the full Board;

● reviewing the adequacy and effectiveness of our accounting and integral control policies and procedures and any steps taken to monitor and control major financial risk exposure; and

● such other matters that are specifically delegated to our audit committee by our Board from time to time.

***Compensation Committee.*** Our compensation committee will consist of Mr. LEE Geng Sheng Jason, Ms. TAN Li HSIA and Ms. LEE Foong Kwan, and will be chaired by Mr. LEE Geng Sheng Jason. Our Board has determined that each such member satisfies the "independence" requirements of Rule 5605(a)(2) of the Listing Rules of the Nasdaq Stock Market. Our compensation committee will assist the Board in reviewing and approving the compensation structure, including all forms of compensation, relating to our directors and executive officers. Our chief executive officer may not be present at any committee meeting during which his compensation is deliberated upon. The compensation committee will be responsible for, among other things:

● reviewing and approving to the Board with respect to the total compensation package for our chief executive officer;

● reviewing the total compensation package for our employees and recommending any proposed changes to our management;

● reviewing and recommending to the Board with respect to the compensation of our directors;

● reviewing annually and administering all long-term incentive compensation or equity plans, programs or similar arrangements, annual bonuses, employee pension and welfare benefit plans; and

● selecting and receiving advice from compensation consultants, legal counsel or other advisors after taking into consideration all factors relevant to that person's independence from management

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***Nominations Committee.*** Our nominations committee will consist of Mr. LEE Geng Sheng Jason, Ms. TAN Li HSIA and Ms. LEE Foong Kwan, and will be chaired by Lee Fong Kwan. Our Board has determined that each such member satisfies the "independence" requirements of Rule 5605(a)(2) of the Listing Rules of the Nasdaq Stock Market. The nominations committee will assist the Board in selecting individuals qualified to become our directors and in determining the composition of the Board and its committees. The nominations committee will be responsible for, among other things:

● identifying and recommending nominees for election or re-election to our Board or for appointment to fill any vacancy;

● reviewing annually with our Board its current composition in light of the characteristics of independence, age, skills, experience and availability of service to us;

● advising the Board periodically with respect to significant developments in the law and practice of corporate governance as well as our compliance with applicable laws and regulations, and making recommendations to our Board on all matters of corporate governance and on any corrective action to be taken; and

● monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance.

**Duties of Directors**

Under Cayman Islands law, our directors owe fiduciary duties to our Company, including a duty of loyalty, a duty to act honestly, and a duty to act in what they consider in good faith to be in our best interests. Our directors must also exercise their powers only for a proper purpose. Our directors also owe to our Company a duty to act with skill and care. It was previously considered that a director need not exhibit in the performance of his duties a greater degree of skill than may reasonably be expected from a person of his knowledge and experience. However, English and Commonwealth courts have moved towards an objective standard with regard to the required skill and care and these authorities are likely to be followed in the Cayman Islands. In fulfilling their duty of care to us, our directors must ensure compliance with our memorandum and articles of association, as amended and restated from time to time. Our Company has the right to seek damages if a duty owed by our directors is breached. In limited exceptional circumstances, a shareholder may have the right to seek damages in our name if a duty owed by our directors is breached.

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The functions and powers of our Board include, among others:

● convening shareholders' annual general meetings and reporting its work to shareholders at such meetings;

● declaring dividends and distributions;

● appointing officers and determining the term of office of officers;

● exercising the borrowing powers of our Company and mortgaging the property of our Company; and

● approving the transfer of shares of our Company, including the registering of such shares in our share register.

**Terms of Directors and Executive Officers**

Each of our directors holds office until the expiration of his or her term, as may be provided in a written agreement with our Company, and his or her successor has been elected and qualified, until his or her resignation or until his or her office is otherwise vacated in accordance with our articles of association. At each annual general meeting, one-third of the Directors for the time being shall retire from office by rotation. However, if the number of Directors is not a multiple of three, then the number nearest to but not less than one-third shall be the number of retiring Directors. A retiring director shall be eligible for re-election. All of our executive officers are appointed by and serve at the discretion of our Board. Our directors may be appointed or removed from office by an ordinary resolution of shareholders. A director will be removed from office automatically if, among other things, the director (i) resigns; (ii) dies; (iii) is declared to be of unsound mind and the Board resolves that his office be vacated; (iv) becomes bankrupt or has a receiving order made against him or suspends payment or compounds with his creditors generally; (v) is prohibited from being or ceases to be a director by operation of law;(vi) without special leave, is absent from meetings of the Board for three consecutive meetings, and the Board resolves that his office is vacated; (vii) has been required by the Nasdaq Capital Market to cease to be a Director; (viii) or is removed from office by the requisite majority of the Directors or otherwise pursuant to our memorandum and articles of association then in effect. The compensation of our directors is determined by the Board. There is no mandatory retirement age for directors.

**Employment Agreements and Indemnification Agreements**

We have entered into employment agreements with our directors and executive officers. Each of them is employed for a continuous term, or a specified time period which will be automatically extended, unless either we or the director and executive officer gives prior notice to terminate such employment. We may terminate the employment for cause, at any time, without notice or compensation, for certain acts of the director or executive officer, including but not limited to the commitments of any breach of the provisions of the employment agreements, refusal to perform duties assigned or disobedience of a lawful and reasonable order, unlawful misconduct such as commission of fraud or embezzlement or a crime involving moral turpitude, or consistent willful misconduct or negligence. A director or an executive officer may terminate his or her employment at any time with a one- or three-month prior written notice.

Each director and executive officer has agreed to hold, both during and after the employment agreement expires or is earlier terminated, in strict confidence and not to use, disclose, divulge to any other person or entity without our written consent, any confidential information of the Group (including in particular lists or details of customers of the Group) relating to the working of any process, technology, invention or methods carried on or used by the Group or in respect of which the Group is bound by an obligation of confidence to a third party, or any financial or trading information or trade secrets relating to the Group, or any information which the director or executive officer might receive or obtain in relation to the Group's business (including, without limitation, the Group's finances, customers, clients or suppliers), which for the time being is confidential, proprietary or generally not available to the public. Each director and executive officer has also agreed that all notes, memoranda, records and writing made by him or her relating to the business of the Group shall be and remain the property of the Group, and shall be delivered by him or her to the Group upon request.

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In addition, all directors and executive officers have agreed to be bound by non-competition and non-solicitation restrictions, according to which the directors and executive officers shall not, during the term of his or her employment and for a period of one year or two years thereafter, (i) directly or indirectly engage in any business or activity which is substantially similar to those which he or she engaged in for the Company, if such activity is in competition with the Company; (ii) directly or indirectly, recruit or seek to hire any other employee of the Company who are still actively employed by or doing business with the Company; and (iii) directly or indirectly, solicit, attempt to solicit, or assist others to solicit any of the Company's clients and customers with whom the director or executive officer had material contact during the term of employment. Each director and executive officer has agreed to devote a reasonable amount of his or her productive time, ability and attention to our business during the term of the employment.

We expect to enter into indemnification agreements with our directors and executive officers, pursuant to which we will agree to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or executive officer.

**Corporate Governance Practice**

We are a "foreign private issuer" as defined under the applicable U.S. federal securities laws. The Nasdaq corporate governance requirements include certain accommodations that allow foreign private issuers to follow "home country" corporate governance practices in lieu of the Nasdaq requirements. The application of such exemptions requires that we disclose each Nasdaq corporate governance rules that we do not follow and describe the Cayman Islands corporate governance practices we do follow. We currently follow Cayman Islands corporate governance practices in lieu of the Nasdaq corporate governance requirements in respect of the following:

● the requirement under Section 5605(b)(2) of the Nasdaq listing rules that the independent directors have regularly scheduled meetings with only the independent directors present.

We are also a "controlled company" as defined under the Nasdaq listing rules because our founder, director and chief executive officer, Ms. LIM Kiam Kiam, beneficially owns more than 50% of our total voting power. Therefore, we can elect to be exempted from certain Nasdaq corporate governance requirements, including the requirement that a majority of our board of directors consists of independent directors, and that our nomination and compensation committees are composed entirely of independent directors.

However, to enhance our corporate governance, we elect to follow Nasdaq corporate governance standards in having a majority of our board comprised of independent directors, and having our nominations and compensation committees to be composed entirely of independent directors.

**Code of Conduct and Code of Ethics**

We will adopt a written code of business conduct and ethics that applies to our directors, officers and employees, including our chief executive officer, chief financial officer, principal accounting officer or controller or persons performing similar functions. We intend to disclose any amendments to the code of ethics, and any waivers of the code of ethics or the code of conduct for our directors, executive officers and senior finance executives, on our website to the extent required by applicable U.S. federal securities laws and the corporate governance rules of the Nasdaq.

**Compensation of Directors and Executive Officers**

For the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025, we had paid an aggregate of SGD nil and SGD nil (US$ nil), respectively, in cash to our executive directors and SGD nil and SGD nil (US$ nil) in cash to our non-executive directors, respectively. We have not set aside or accrued any amount to provide pension, retirement or other similar benefits to our directors and executive officers. Our Singapore subsidiary is required to make employer CPF contributions for employees who are Singapore citizens or Singapore permanent residents, and to comply with other applicable statutory employment obligations in Singapore, subject to applicable exceptions and conditions.

Other than as disclosed above, none of our directors has entered into a service agreement with our Company or any of our subsidiaries that provides for benefits upon termination of employment.

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**Principal Shareholders**

The following table sets forth information regarding the beneficial ownership of our Ordinary Shares as of the date of this prospectus by our officers, Directors, and 5% or greater beneficial owners of our Ordinary Shares. There is no other person or group of affiliated persons known by us to beneficially own more than 5% of our Ordinary Shares. The following table assumes that none of our officers, Directors, or 5% or greater beneficial owners of our Ordinary Shares will purchase shares in this offering. In addition, the following table assumes that the Underwriter's over-allotment option has not been exercised.

Each holder of our Ordinary Share is entitled to one (1) vote per share.

We have determined beneficial ownership in accordance with the rules of the SEC. These rules generally attribute beneficial ownership of securities to persons who possess sole or shared voting power or investment power with respect to those securities. As of the date of this prospectus, the percentage of Shares beneficially owned prior to and after this offering is based on 7,738,095 Ordinary Shares and 11,904,762 Ordinary Shares, respectively as described in "Corporate History And Structure" section. None of the shareholders are located in the United States. We do not have any options or warrants that are outstanding. The percentage of Shares beneficially owned after this offering is based on the number of Shares outstanding prior to this offering plus the Ordinary Shares that we are offering in this offering, assuming the underwriter does not exercise the over-allotment option. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. Unless otherwise indicated, the person identified in this table has sole voting and investment power with respect to all shares shown as beneficially owned by him, subject to applicable community property laws.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name of Beneficial** | **Ordinary Shares** **Beneficially Owned Prior to This Offering<sup>(2)</sup>** | **Ordinary Shares** **Beneficially Owned Prior to This Offering<sup>(2)</sup>** | **% of Total Voting Power Before This Offering<sup>(2)</sup>** | **Ordinary Shares** **Beneficially Owned After This Offering<sup>(3)</sup>** | **Ordinary Shares** **Beneficially Owned After This Offering<sup>(3)</sup>** | **% of Total Voting Power After This Offering<sup>(3)</sup>** |
| **Owners<sup>(1)</sup>** | **Number** | **%** | % | **Number** | **%** |  |
| **Directors and Executive Officers:** |  |  |  |  |  |  |
| Ms. LIM Kiam Kiam <sup>(1)</sup> | 7738095 | 100 | 100 | 7738095 | 65.0 | 65.0 |
| Ms. Joyce LAI Xin |  |  |  |  |  |  |
| [ ] |  |  |  |  |  |  |
| Mr. LEE Geng Sheng Jason |  |  |  |  |  |  |
| Ms. TAN Li Hsia |  |  |  |  |  |  |
| Ms. LEE Foong Kwan |  |  |  |  |  |  |
| **All directors and executive officers as a group** | 7738095 | 100 | 100 | 7738095 | 65.0 | 65.0 |
| **5% shareholders:** |  |  |  |  |  |  |
| Integratia Holdings Limited <sup>(1)</sup> | 7738095 | 100 | 100 | 7738095 | 65.0 | 65.0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Ms. LIM Kiam Kiam, a Director and the Chairlady of the Board of Directors, is the sole shareholder of Integratia Holdings Limited and holds the voting and dispositive power over the Ordinary Shares held by such entity. The business address of Integratia Holdings Limited is 62 Ubi Road 1, #06-03, Oxley Bizhub 2, Singapore 408734.

(2) Based on 7,738,095 Ordinary Shares outstanding as of
 the date of this prospectus.

(3) Based on up to 11,904,762 Ordinary Shares outstanding immediately
 after this offering.

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**Related Party Transactions**

The following is a summary of our related party balances as of September 30, 2024 and 2025 and related party transactions for the period from September 26, 2023 (inception) to September 30, 2024 and year ended September 30, 2025.

---

| | |
|:---|:---|
| **Related Party Name** | **Relationship to the Company** |
| Ms. LIM Kiam Kiam | Sole director and ultimate shareholder of the Company and its subsidiaries |
| Ms. Joyce LAI Xin | Related party - Daughter to Ms. LIM Kiam Kiam |
| Mr. LAI Yun Jun | Related party - Son to Ms. LIM Kiam Kiam |

---

***Related party balances***

---

| | | |
|:---|:---|:---|
|  | **As of September 30,** | **As of September 30,** |
|  | **2024** | **2025** |
|  | **SGD** | **SGD** |
| **Amount due from a director** |  |  |
| Ms. LIM Kiam Kiam | 4429 | 63366 |
| **Contract liabilities - current** |  |  |
| Ms. LIM Kiam Kiam | 56 | 56 |
| Ms. Joyce LAI Xin | 56 | 56 |
| Mr. LAI Yun Jun | 56 | - |
|  | 168 | 112 |

---

The amount due from a director represents revenue receipt received on behalf of our Group by the director, net of expenses paid on behalf the Group. The amounts are fully settled after the balance sheet date. The contract liabilities represent unused website membership duration, which is recognized as revenue based on a time apportioned basis when the relevant performance obligations are delivered.

***Related party transactions***

---

| | | |
|:---|:---|:---|
|  | **For the period from <br> September 26, 2023 <br> (inception) to <br> September 30, 2024** | **For the year ended<br> September 30, 2025** |
|  | **SGD** | **SGD** |
| **Website membership income** |  |  |
| Ms. LIM Kiam Kiam | 112 | 168 |
| Ms. Joyce LAI Xin | 112 | 168 |
| Mr. LAI Yun Jun | 112 | 56 |
|  | 336 | 392 |

---

[**Table of Contents**](#TOC_001)<br>

**Description of Share Capital**

We are an exempted company incorporated under the laws of the Cayman Islands with limited liability and our affairs are governed by our memorandum and articles of association (as maybe amended from time to time), the Companies Act, and the common law by the Cayman Islands.

Upon the closing of this offering, our issued and outstanding share capital will consist of up to 11,904,762 Ordinary Shares of a par value of US$0.0001 each. All of our issued and outstanding Ordinary Shares are fully paid.

As of the date of this prospectus, we had 7,738,095 Ordinary Shares issued and outstanding. All of our Ordinary Shares issued and outstanding prior to the completion of this offering will be fully paid, and all of our shares to be issued in this offering will be issued as fully paid.

**Our Amended and Restated Memorandum and Articles of Association**

We adopted the currently effective amended and restated memorandum and articles of association (each the "memorandum" and the "articles") by a special resolution dated June 4, 2026 and the amended and restated memorandum and articles of association will continue to be effective after closing of this offering. The following are summaries of material provisions of the amended and restated memorandum and articles of association, and of the Companies Act, insofar as they relate to the material terms of our shares.

*Objects of Our Company.* Under our amended and restated memorandum and articles of association, the objects of our company are unrestricted and we have the full power and authority to carry out any object not prohibited by the law of the Cayman Islands.

*Ordinary Shares.* Our Ordinary Shares are issued in registered form and are issued when registered in our register of members. Each Ordinary Share confers upon the holder thereof the right to one (1) vote at a general meeting of our Company or on any shareholders resolutions. Our shareholders who are non-residents of the Cayman Islands may freely hold and vote their shares*.*

*Dividends.* Subject to the provisions of the Companies Act and any rights attaching to any class or classes of shares under and in accordance with the articles: (a) the directors may declare dividends or distributions out of our funds which are lawfully available for that purpose; and (b) our shareholders may, by ordinary resolution, declare dividends but no such dividend shall exceed the amount recommended by the directors. Subject to the requirements of the Companies Act regarding the application of a company's share premium account and with the sanction of an ordinary resolution, dividends may also be declared and paid out of any share premium account. The directors when paying dividends to shareholders may make such payment either in cash or in specie. Unless provided by the rights attached to a share, no dividend shall bear interest.

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*Voting Rights.* Unless their shares carry no right to vote, or unless a call or other amount presently payable has not been paid, all shareholders are entitled to vote at a general meeting and all shareholders holding shares of a particular class of shares are entitled to vote at a meeting of the holders of that class of shares. On poll, each Ordinary Share shall be entitled to one (1) vote on all matters subject to vote at general meetings of the Company.

General Meetings of Shareholders. As a Cayman Islands exempted company, we are not obliged by the Companies Act to call shareholders' annual general meetings. Our amended and restated memorandum and articles of association provide that we may (but are not obliged to) in each year hold a general meeting as our annual general meeting, and the annual general meeting shall be held at such time and place as may be determined by our directors. All general meetings other than annual general meetings shall be called extraordinary general meetings.

The directors may convene general meetings whenever they think fit. General meetings shall also be convened on the written requisition of one or more of the shareholders entitled to attend and vote at our general meetings who (together) hold at least ten percent of the rights to vote at such general meeting in accordance with the notice provisions in the articles, specifying the purpose of the meeting and signed by each of the shareholders making the requisition. If the directors do not convene such meeting within 21 clear days' from the date of receipt of the written requisition, those shareholders who requested the meeting or any of them may convene the general meeting themselves within three months after the end of such period of 21 clear days in which case reasonable expenses incurred by them as a result of the directors failing to convene a meeting shall be reimbursed by us.

Advance notice of at least 5 clear days is required for the convening of a general meeting shall be given to shareholders entitled to attend and vote at such meeting. The notice shall specify (a) the place, the date and the hour of the meeting, (b) whether the meeting will be held virtually, at a physical place or both, (c) if the meeting is to be held in any part at a physical place, the address of such place, (d) if the meeting is to be held in two or more places, or in any part virtually, the electronic communication facilities that will be used to facilitate the meeting, including the procedures to be followed by any shareholder or other participant of the meeting who wishes to utilise such electronic communication facilities for the purposes of attending and participating in such meeting, (e) subject to (f) and the requirements of (to the extent applicable) the rules of the Nasdaq Capital Market, the general nature of the business to be transacted; and (f) if a resolution is proposed as a special resolution, the text of that resolution. Notice of every general meeting shall also be given to the directors and our auditors.

Subject to the Companies Act and with the consent of the shareholders who, individually or collectively, hold at least 90 percent of the voting rights of all those who have a right to vote at a general meeting, a general meeting may be convened on shorter notice.

A quorum shall consist of the presence (whether in person or represented by proxy) of one or more shareholders holding shares that represent not less than one-third of the outstanding shares carrying the right to vote at such general meeting.

If, within 15 minutes from the time appointed for the general meeting, or at any time during the meeting, a quorum is not present, the meeting, if convened upon the requisition of shareholders, shall be cancelled. In any other case it shall stand adjourned to the same time and place seven days hence or to such other time or place as is determined by the directors.

The chairman may, with the consent of a meeting at which a quorum is present, adjourn the meeting. When a meeting is adjourned for more than seven clear days, notice of the adjourned meeting shall be given in accordance with the articles.

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A resolution put to the vote of the meeting shall be decided on a poll.

A poll shall be taken in such manner as the chairman directs. In the case of an equality of votes, the chairman of the meeting shall be entitled to a second or casting vote.

Transfer of Ordinary Shares. Subject to any applicable requirements set forth in the articles and provided that a transfer complies with applicable rules of the Nasdaq Capital Market, a shareholder may transfer all or any of his or her Ordinary Shares to another person by completing an instrument of transfer in the common form or in a form prescribed by Nasdaq Capital Market (if such shares are listed on the Nasdaq Capital Market) or any other form approved by our board of directors, executed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● where the Ordinary Shares are fully paid, by or on behalf of that shareholder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● where the Ordinary Shares are partly paid, by or on behalf of that shareholder and the transferee.

The transferor shall be deemed to remain the holder of the Ordinary Share until the name of the transferee is entered into our register of members.

Where the Ordinary Shares of any class in question are not listed on or subject to the rules of the Nasdaq Capital Market, our directors may in their absolute discretion decline to register any transfer of any Ordinary Shares which are not fully paid up or on which we have a lien. Our board of directors may also, but are not required to, decline to register any transfer of such Ordinary Share unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the instrument of transfer is lodged with us, accompanied by the certificate for the Ordinary Shares to which it relates and such other evidence as our board of directors may reasonably require to show the right of the transferor to make the transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the instrument of transfer is in respect of only one class of shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the instrument of transfer is properly stamped, if required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the Ordinary Shares transferred are fully paid up and free of any lien in favor of us;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● in the case of a transfer to joint holders, the number of joint holders to whom the share is to be transferred does not exceed four; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● any applicable fee of such maximum sum as the Nasdaq Capital Market may determine to be payable, or such lesser sum as our board of directors may from time to time require related to the transfer is paid to us.

If our directors refuse to register a transfer of any shares of any class not listed on Nasdaq, they shall within one month after the date on which the instrument of transfer was lodged with us send to each of the transferor and the transferee notice of such refusal.

The registration of transfers may, on 14 clear days' notice being given by advertisement in such one or more newspapers or by electronic means, be suspended and the register of members closed at such times and for such periods as our board of directors may, in their absolute discretion, from time to time determine; provided always, that such registration of transfers shall not be suspended nor the register closed for more than 30 clear days in any year.

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*Liquidation.* If we are wound up, the shareholders may, subject to the articles and any other sanction required by the Companies Act, pass a special resolution allowing the liquidator to do either or both of the following: (a) to divide in specie among the shareholders the whole or any part of our assets and, for that purpose, to value any assets and to determine how the division shall be carried out as between the shareholders or different classes of shareholders; and/or (b) to vest the whole or any part of the assets in trustees for the benefit of shareholders and those liable to contribute to the winding up. The directors have the authority to present a petition for our winding up to the Grand Court of the Cayman Islands on our behalf without the sanction of a resolution passed at a general meeting.

*Calls on Shares and Forfeiture of Shares.* Subject to the terms of allotment, the directors may make calls on the shareholders in respect of any monies unpaid on their shares including any premium and each shareholder shall (subject to receiving at least 14 clear days' notice specifying when and where payment is to be made), pay to us the amount called on his shares. Shareholders registered as the joint holders of a share shall be jointly and severally liable to pay all calls in respect of the share. If a call remains unpaid after it has become due and payable the person from whom it is due and payable shall pay interest on the amount unpaid from the day it became due and payable until it is paid at the rate fixed by the terms of allotment of the share or in the notice of the call or if no rate is fixed, at the rate of ten percent per annum. The directors may waive payment of the interest wholly or in part.

We have a first and paramount lien on all shares (whether fully paid up or not) registered in the name of a shareholder (whether solely or jointly with others). The lien is for all monies payable to us by the shareholder or the shareholder's estate: (a) either alone or jointly with any other person, whether or not that other person is a shareholder; and (b) whether or not those monies are presently payable.

At any time the directors may declare any share to be wholly or partly exempt from the lien on shares provisions of the articles.

We may sell, in such manner as the directors may determine, any share on which the sum in respect of which the lien exists is presently payable, if due notice that such sum is payable has been given (as prescribed by the articles) and, within 14 clear days of the date on which the notice is deemed to be given under the articles, such notice has not been complied with.

*Redemption, Repurchase, and Surrender of Shares.* Subject to the Companies Act and any rights for the time being conferred on the shareholders holding a particular class of shares, we may by action of our directors: (a) issue shares that are to be redeemed or liable to be redeemed, at our option or the shareholder holding those redeemable shares, on the terms and in the manner our directors determine before the issue of those shares; (b) with the consent by special resolution of the shareholders holding shares of a particular class, vary the rights attaching to that class of shares so as to provide that those shares are to be redeemed or are liable to be redeemed at our option on the terms and in the manner which the directors determine at the time of such variation; and (c) purchase all or any of our own shares of any class including any redeemable shares on the terms and in the manner which the directors determine at the time of such purchase.

We may make a payment in respect of the redemption or purchase of its own shares in any manner authorized by the Companies Act, including out of any combination of capital, our profits and the proceeds of a fresh issue of shares.

When making a payment in respect of the redemption or purchase of shares, the directors may make the payment in cash or in specie (or partly in one and partly in the other) if so authorized by the terms of the allotment of those shares or by the terms applying to those shares in accordance with the articles, or otherwise by agreement with the shareholder holding those shares.

Issuance of Additional Shares. Our amended and restated memorandum and articles of association authorizes our board of directors to issue additional shares from time to time as our board of directors shall determine, to the extent of available authorized but unissued shares.

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Inspection of Books and Records of our Ordinary Shares. Holders of our shares will have no general right under Cayman Islands law to inspect or obtain copies of a list of shareholders or other corporate records. However, we will provide our shareholders with annual audited financial statements. See "Where You Can Find Additional Information."

Exempted Company. We are an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary company except that an exempted company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● is a company that conducts its business mainly outside the Cayman Islands;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● is prohibited from trading in the Cayman Islands with any person, firm or corporation except in furtherance of the business of the exempted company carried on outside the Cayman Islands (and for this purpose can effect and conclude contracts in the Cayman Islands and exercise in the Cayman Islands all of its powers necessary for the carrying on of its business outside the Cayman Islands);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● is not required to open its register of members for inspection by shareholders of that company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● does not have to hold an annual general meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● may not issue negotiable or bearer shares but may issue shares with no par value;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● may obtain an undertaking against the imposition of any future taxation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● may register as a limited duration company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● may register as a segregated portfolio company.

"Limited liability" means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

**Differences in Corporate Law**

The Companies Act is derived, to a large extent, from the older Companies Acts of England and Wales but does not follow recent English statutory enactments and, accordingly, there are significant differences between the Companies Act and the current Companies Act of the United Kingdom. In addition, the Companies Act differs from laws applicable to U.S. corporations and their shareholders. Set forth below is a summary of certain significant differences between the provisions of the Companies Act applicable to us and the comparable laws applicable to companies incorporated in the United States and their shareholders.

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*Mergers and Similar Arrangements.* The Companies Act permits mergers and consolidations between Cayman Islands companies and between Cayman Islands companies and non-Cayman Islands companies provided that the laws of the foreign jurisdiction permit such merger or consolidation. For these purposes, (i) "merger" means the merging of two or more constituent companies and the vesting of their undertaking, property, and liabilities in one of such companies as the surviving company, and (ii) a "consolidation" means the combination of two or more constituent companies into a new consolidated company and the vesting of the undertaking, property, and liabilities of such companies to the consolidated company. In order to effect such a merger or consolidation, the directors of each constituent company must approve a written plan of merger or consolidation, which must then be authorized by (a) a special resolution of the shareholders of each constituent company, and (b) such other authorization, if any, as may be specified in such constituent company's articles of association. The written plan of merger or consolidation must be filed with the Registrar of Companies of the Cayman Islands together with a declaration as to the solvency of the consolidated or surviving company, a list of the assets and liabilities of each constituent company, and an undertaking that a copy of the certificate of merger or consolidation will be given to the shareholders and creditors of each constituent company and that notification of the merger or consolidation will be published in the Cayman Islands Gazette. Court approval is not required for a merger or consolidation that is effected in compliance with these statutory procedures.

A merger between a Cayman parent company and its Cayman subsidiary or subsidiaries does not require authorization by a resolution of shareholders. For this purpose, a subsidiary is a company of which at least 90% of the issued shares entitled to vote are owned by the parent company.

The consent of each holder of a fixed or floating security interest of a constituent company is required unless this requirement is waived by a court in the Cayman Islands.

Save in certain limited circumstances, a dissenting shareholder of a Cayman constituent is entitled to payment of the fair value of his or her shares upon dissenting from a merger or consolidation. The exercise of such dissenter rights will preclude the exercise by the dissenting shareholder of any other rights to which he or she might otherwise be entitled by virtue of holding shares, save for the right to seek relief on the grounds that the merger or consolidation is void or unlawful.

In addition, there are statutory provisions that facilitate the reconstruction and amalgamation of companies by way of schemes of arrangement, provided that the arrangement is approved by seventy-five percent (75%) in value of the shareholders or class of shareholders, as the case may be, that are present and voting either in person or by proxy at a meeting, or meetings, convened for that purpose. The convening of the meetings and subsequently the arrangement must be sanctioned by the Grand Court of the Cayman Islands. While a dissenting shareholder has the right to express to the court the view that the transaction ought not to be approved, the court can be expected to approve the arrangement if it determines that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the statutory provisions as to the required majority vote have been met;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the shareholders have been fairly represented at the meeting in question and the statutory majority are acting bona fide without coercion of the minority to promote interests adverse to those of the class;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the arrangement is such that may be reasonably approved by an intelligent and honest person of that class acting in respect of his or her interest; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the arrangement is not one that would more properly be sanctioned under some other provision of the Companies Act.

When a takeover offer is made and accepted by holders of 90.0% of the shares affected within four months, the offeror may, within a two-month period commencing on the expiration of such four-month period, give notice to require the holders of the remaining shares to transfer such shares on the terms of the offer. An objection can be made to the Grand Court of the Cayman Islands but this is unlikely to succeed in the case of an offer that has been so approved unless there is evidence of fraud, bad faith or collusion.

If an arrangement and reconstruction is thus approved, or if a takeover offer is made and accepted, a dissenting shareholder would have no rights comparable to appraisal rights, which would otherwise ordinarily be available to dissenting shareholders of Delaware corporations, providing rights to receive payment in cash for the judicially determined value of the shares.

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*Shareholders' Suits.* In principle, we will normally be the proper plaintiff to sue for a wrong done to us as a company, and as a general rule, a derivative action may not be brought by a minority shareholder. However, based on English law authorities, which would in all likelihood be of persuasive authority in the Cayman Islands, the Cayman Islands courts can be expected to follow and apply the common law principles (namely the rule in Foss v. Harbottle and the exceptions thereto) so that a non-controlling shareholder may be permitted to commence a class action against or derivative actions in the name of the company to challenge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● a company acts illegally or ultra vires with respect to the company and is therefore incapable of ratification by the shareholders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● the act which, although not ultra vires, requires authorization by a qualified (or special) majority (that is, more than a simple majority vote that has not been obtained); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● an act which constitutes a "fraud on the minority" where the wrongdoers are themselves in control of the company.

*Indemnification of Directors and Executive Officers and Limitation of Liability.* Cayman Islands law does not limit the extent to which a company's memorandum and articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime, or against the indemnified person's own fraud or dishonesty. Our amended and restated memorandum and articles of association provide to the extent permitted by Cayman Islands law, we shall indemnify each existing or former director (including alternate director), secretary and any of our other officers (including an investment adviser or an administrator or liquidator) and their personal representatives against:

&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or
 sustained by the existing or former director (including alternate director), secretary or
 officer in or about the conduct of our business or affairs or in the execution or discharge
 of the existing or former director's (including alternate director), secretary's
 or officer's duties, powers, authorities or discretions; and

&nbsp;&nbsp;&nbsp;&nbsp;(b) without
 limitation to paragraph (a) above, all costs, expenses, losses or liabilities incurred by
 the existing or former director (including alternate director), secretary or officer in defending
 (whether successfully or otherwise) any civil, criminal, administrative or investigative
 proceedings (whether threatened, pending or completed) concerning us or our affairs in any
 court or tribunal, whether in the Cayman Islands or elsewhere.

No such existing or former director (including alternate director), secretary or officer, however, shall be indemnified in respect of any matter arising out of his own dishonesty.

To the extent permitted by the Companies Act, we may make a payment, or agree to make a payment, whether by way of advance, loan or otherwise, for any legal costs incurred by an existing or former director (including alternate director), secretary or officers in respect of any matter identified in above on condition that the director (including alternate director), secretary or officer must repay the amount paid by us to the extent that we are ultimately found not liable to indemnify the director (including alternate director), the secretary or that officer for those legal costs. This standard of conduct is generally the same as permitted under the Delaware General Corporation Law for a Delaware corporation.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers, or persons controlling us under the foregoing provisions, we have been informed that in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

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*Directors' Fiduciary Duties.* Under Delaware corporate law, a director of a Delaware corporation has a fiduciary duty to the corporation and its shareholders. This duty has two components: the duty of care and the duty of loyalty. The duty of care requires that a director act in good faith, with the care that an ordinarily prudent person would exercise under similar circumstances. Under this duty, a director must inform himself or herself of, and disclose to shareholders, all material information reasonably available regarding a significant transaction. The duty of loyalty requires that a director acts in a manner he or she reasonably believes to be in the best interests of the corporation. He or she must not use his or her corporate position for personal gain or advantage. This duty prohibits self-dealing by a director and mandates that the best interest of the corporation and its shareholders take precedence over any interest possessed by a director, officer, or controlling shareholder and not shared by the shareholders generally. In general, actions of a director are presumed to have been made on an informed basis, in good faith, and in the honest belief that the action taken was in the best interests of the corporation. However, this presumption may be rebutted by evidence of a breach of one of the fiduciary duties. Should such evidence be presented concerning a transaction by a director, the director must prove the procedural fairness of the transaction and that the transaction was of fair value to the corporation.

As a matter of Cayman Islands law, a director of a Cayman Islands company owes three types of duties to the company: (i) statutory duties, (ii) fiduciary duties, and (iii) common law duties. The Companies Act imposes a number of statutory duties on a director. A Cayman Islands director's fiduciary duties are not codified, however the courts of the Cayman Islands have held that a director owes the following fiduciary duties (a) a duty to act in what the director bona fide considers to be in the best interests of the company, (b) a duty to exercise their powers for the purposes they were conferred, (c) a duty to avoid fettering his or her discretion in the future and (d) a duty to avoid conflicts of interest and of duty. The common law duties owed by a director are those to act with skill, care and diligence that may reasonably be expected of a person carrying out the same functions as are carried out by that director in relation to the company and, also, to act with the skill, care and diligence in keeping with a standard of care commensurate with any particular skill they have which enables them to meet a higher standard than a director without those skills. In fulfilling their duty of care to us, our directors must ensure compliance with our amended articles of association, as amended and restated from time to time. We have the right to seek damages where certain duties owed by any of our directors are breached.

*Shareholder Action by Written Resolution.* Under the Delaware General Corporation Law, a corporation may eliminate the right of shareholders to act by written consent by amendment to its certificate of incorporation. Cayman Islands law and our amended and restated articles of association provide that our shareholders may approve corporate matters by way of a unanimous written resolution signed by or on behalf of each shareholder who would have been entitled to vote on such matter at a general meeting without a meeting being held.

*Shareholder Proposals.* Under the Delaware General Corporation Law, a shareholder has the right to put any proposal before the annual meeting of shareholders, provided it complies with the notice provisions in the governing documents. A special meeting may be called by the board of directors or any other person authorized to do so in the governing documents, but shareholders may be precluded from calling special meetings.

The Companies Act does not provide shareholders any right to bring business before a meeting or requisition a general meeting. However, these rights may be provided in the company's memorandum and articles of association. Our amended and restated articles of association allow one or more of our shareholders who together hold at least 10% of the rights to vote to requisition a general meeting of our shareholders, in which case our directors are obliged to call such meeting. Other than this right to requisition a shareholders' meeting, our amended and restated articles of association do not provide our shareholders with any other right to put proposals before annual general meetings or extraordinary general meetings. As an exempted Cayman Islands company, we may but are not obliged by law to call shareholders' annual general meetings.

*Cumulative Voting.* Under the Delaware General Corporation Law, cumulative voting for elections of directors is not permitted unless the corporation's certificate of incorporation specifically provides for it. Cumulative voting potentially facilitates the representation of minority shareholders on a board of directors since it permits the minority shareholder to cast all the votes to which the shareholder is entitled for a single director, which increases the shareholder's voting power with respect to electing such director. There are no prohibitions in relation to cumulative voting under the laws of the Companies Act, but our amended and restated articles of association do not provide for cumulative voting. As a result, our shareholders are not afforded any less protections or rights on this issue than shareholders of a Delaware corporation.

*Removal of Directors.* Under the Delaware General Corporation Law, a director of a corporation with a classified board may be removed only for cause with the approval of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise. Under our amended and restated articles of association, directors may be removed, by an ordinary resolution of our shareholders. In addition, a director's office shall be vacated if the director (i) is prohibited by the law of the Cayman Islands from acting as a director, (ii) is made bankrupt or makes any arrangement or composition with his creditors generally; (iii) resigns his or her office by notice in writing to the company; (iv) only held office as a Director for a fixed term and such term expires; (v) in the opinion of a registered medical practitioner by whom he is being treated he becomes physically or mentally incapable of acting as a director; (vi) is given notice by the majority of the other directors (not being less than two in number) to vacate office (without prejudice to any claim for damages for breach of any agreement relating to the provision of the services of such director); (vii) is made subject to any law relating to mental health or incompetence, whether by court order or otherwise; or (viii) without the consent of the other directors, is absent from meetings of directors for a continuous period of six months.

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*Transactions with Interested Shareholders.* The Delaware General Corporation Law contains a business combination statute applicable to Delaware corporations whereby, unless the corporation has specifically elected not to be governed by such statute by amendment to its certificate of incorporation, it is prohibited from engaging in certain business combinations with an "interested shareholder" for three years following the date that such person becomes an interested shareholder. An interested shareholder generally is a person or a group who or which owns or owned 15% or more of the target's outstanding voting share within the past three years. This has the effect of limiting the ability of a potential acquirer to make a two-tiered bid for the target in which all shareholders would not be treated equally. The statute does not apply if, among other things, prior to the date on which such shareholder becomes an interested shareholder, the board of directors approves either the business combination or the transaction that resulted in the person becoming an interested shareholder. This encourages any potential acquirer of a Delaware corporation to negotiate the terms of any acquisition transaction with the target's board of directors.

*Cayman Islands law has no comparable statute.* As a result, we cannot avail ourselves of the types of protections afforded by the Delaware business combination statute. However, although Cayman Islands law does not regulate transactions between a company and its significant shareholders, it does provide that such transactions must be entered into bona fide in the best interests of the company and not with the effect of constituting a fraud on the minority shareholders.

*Dissolution; Winding up.* Under the Delaware General Corporation Law, unless the board of directors approves the proposal to dissolve, dissolution must be approved by shareholders holding 100% of the total voting power of the corporation. Only if the dissolution is initiated by the board of directors may it be approved by a simple majority of the corporation's outstanding shares. Delaware law allows a Delaware corporation to include in its certificate of incorporation a supermajority voting requirement in connection with dissolutions initiated by the board.

If we are wound up, the shareholders may, subject to the articles and any other sanction required by the Companies Act, pass a special resolution allowing the liquidator to do either or both of the following: (a) to divide in specie among the shareholders the whole or any part of our assets and, for that purpose, to value any assets and to determine how the division shall be carried out as between the shareholders or different classes of shareholders; and/or (b) to vest the whole or any part of the assets in trustees for the benefit of shareholders and those liable to contribute to the winding up. The directors have the authority to present a petition for our winding up to the Grand Court of the Cayman Islands on our behalf without the sanction of a resolution passed at a general meeting.

*Variation of Rights of Shares.* Under the Delaware General Corporation Law, a corporation may vary the rights of a class of shares with the approval of a majority of the outstanding shares of such class, unless the certificate of incorporation provides otherwise. Under our amended and restated articles of association, if our share capital is divided into different classes of shares, the rights attaching to a class of share (unless the terms on which a class of shares was issued state otherwise) may only be varied either with the consent in writing of the shareholders holding of not less than two-thirds of the issued shares of that class, or with the sanction of a special resolution passed at a separate general meeting of the shareholders holding the issued shares of that class.

*Amendment of Governing Documents.* Under the Delaware General Corporation Law, a corporation's governing documents may be amended with the approval of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise. Under the Companies Act and our amended and restated memorandum and articles of association may only be amended by a special resolution of our shareholders.

*Rights of Non-resident or Foreign Shareholders.* There are no limitations imposed by our amended and restated memorandum and articles of association on the rights of non-resident or foreign shareholders to hold or exercise voting rights on our shares. In addition, there are no provisions in our amended and restated memorandum and articles of association governing the ownership threshold above which shareholder ownership must be disclosed.

*History of Securities Issuances.* As of the date of incorporation, the authorized share capital of our Company was US$50,000 divided into 500,000,000 Ordinary Shares of US$0.0001 par value each, and it was owned as to 10,000 Ordinary Shares by Integratia Holdings Limited.

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**Shares Eligible for Future Sale**

Upon completion of this offering, we will have up to 11,904,762 Ordinary Shares outstanding, assuming the underwriter does not exercise its over-allotment option and 4,166,667 Ordinary Shares are issued in the offering. All of the Ordinary Shares sold in this offering will be freely transferable by persons other than by our "affiliates" without restriction or further registration under the Securities Act. Sales of substantial amounts of the Ordinary Shares in the public market could adversely affect prevailing market prices of the Ordinary Shares. Prior to this offering, there has been no public market for our Ordinary Shares. We have applied to list the Ordinary Shares on the Nasdaq Capital Market, but we cannot assure you that a regular trading market will develop in the Ordinary Shares. We do not expect that a trading market will develop for our Ordinary Shares.

**Lock-up Agreements**

The Company, on behalf of itself and any successor entity, agrees that, without the prior written consent of the representative, it will not, for a period of 180 days from the date the registration statement of which this prospectus forms a part is declared effective by the Securities and Exchange Commission (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any notion or contract to sell, grant any option, right or warrant to purchase, lead, or otherwise transfer or dispose of directly or indirectly, any share of capital share of the Company or any securities convertible into or exercisable or exchangeable for shares of capital share of the Company; (ii) file or caused to be filed any registration statement with the SEC relating to the offering of any shares of capital share of the Company of any securities convertible into or exercisable or exchangeable for shares of capital shares of the company; (iii) complete any offering of debt securities of the Company, other than entering into a line of credit with a traditional bank or (iv) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of capital share of the Company, whether any such transaction described in clause (i), (ii), (iii) or (iv) above is to be settled by delivery of shares of capital share of the Company or such other securities, in such or otherwise.

Our directors, executive officers and shareholders have agreed, subject to limited exceptions, not to offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company, that transfers, in whole or in part, any of the economic consequences of ownership of our Ordinary Shares or such other securities for a period of 180 days after the closing of this offering, without the prior written consent of the representative. See "Underwriting."

Other than this offering, we are not aware of any plans by any significant shareholders to dispose of significant numbers of the Ordinary Shares. However, one or more existing shareholders or owners of securities convertible or exchangeable into or exercisable for the Ordinary Shares may dispose of significant numbers of the Ordinary Shares in the future. We cannot predict what effect, if any, future sales of the Ordinary Shares, or the availability of Ordinary Shares for future sale, will have on the trading price of the Ordinary Shares from time to time. Sales of substantial amounts of the Ordinary Shares in the public market, or the perception that these sales could occur, could adversely affect the trading price of the Ordinary Shares.

**Rule 144**

All of our Ordinary Shares that will be issued and outstanding upon the completion of this offering, other than those Ordinary Shares sold in this offering, are "restricted securities" as that term is defined in Rule 144 under the Securities Act and may be sold publicly in the United States only if they are subject to an effective registration statement under the Securities Act or pursuant to an exemption from the registration requirement such as those provided by Rule 144 and Rule 701 promulgated under the Securities Act. In general, beginning 90 days after the date of this prospectus, a person (or persons whose shares are aggregated) who at the time of a sale is not, and has not been during the three months preceding the sale, an affiliate of ours and has beneficially owned our restricted securities for at least six months will be entitled to sell the restricted securities without registration under the Securities Act, subject only to the availability of current public information about us, and will be entitled to sell restricted securities beneficially owned for at least one year without restriction. Persons who are our affiliates and have beneficially owned our restricted securities for at least six months may sell a number of restricted securities within any three-month period that does not exceed the greater of the following:

● 1% of the then issued and outstanding Ordinary Shares of the same class which immediately after the completion of this offering will equal Ordinary Shares, assuming the underwriter does not exercise its over-allotment option; or

● the average weekly trading volume of our Ordinary Shares of the same class during the four calendar weeks preceding the date on which notice of the sale is filed with the SEC.

Sales by our affiliates under Rule 144 are also subject to certain requirements relating to manner of sale, notice and the availability of current public information about us.

**Rule 701**

In general, under Rule 701 of the Securities Act as currently in effect, each of our employees, consultants or advisors who purchases our Ordinary Shares from us in connection with a compensatory stock plan or other written agreement executed prior to the completion of this offering is eligible to resell those Ordinary Shares in reliance on Rule 144, but without compliance with some of the restrictions, including the holding period, contained in Rule 144. However, the Rule 701 shares would remain subject to lock-up arrangements and would only become eligible for sale when the lock-up period expires.

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**Taxation**

*The following summary of the material Cayman Islands, Singapore and U.S. federal income tax consequences of an investment in the Ordinary Shares is based upon laws and relevant interpretations thereof in effect as of the date of this registration statement, all of which are subject to change. This summary does not deal with all possible tax consequences relating to an investment in the Ordinary Shares, such as the tax consequences under U.S. state and local tax laws or under the tax laws of jurisdictions other than the Cayman Islands, Singapore and the United States. To the extent that the discussion relates to matters of Cayman Islands tax law, it represents the opinion of Ogier, our Cayman Islands counsel.*

**Cayman Islands Taxation**

The Cayman Islands currently levies no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature of inheritance tax or estate duty. There are no other taxes likely to be material to us levied by the government of the Cayman Islands except for stamp duties which may be applicable on instruments executed in, or, after execution, brought within the jurisdiction of the Cayman Islands. The Cayman Islands is a party to a double tax treaty entered with the United Kingdom in 2010 but is otherwise not party to any double tax treaties that are applicable to any payments made to or by our company. There are no exchange control regulations or currency restrictions in the Cayman Islands. Pursuant to Section 6 of the Tax Concessions Act (Revised) of the Cayman Islands, our Company has obtained an undertaking from the Financial Secretary: (a) that no law which is enacted in the Cayman Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to our Company or its operations; and (b) that the aforesaid tax or any tax in the nature of estate duty or inheritance tax shall not be payable on or in respect of the shares, debentures or other obligations of our Company or by way of withholding in whole or in part of any relevant payment as defined in section 6(3) of the Tax Concessions Act (Revised) of the Cayman Islands. The undertaking for our Company is for a period of 20 years from June 27, 2023.

Payments of dividends and capital in respect of our Ordinary Shares will not be subject to taxation in the Cayman Islands and no withholding will be required on the payment of a dividend or capital to any holder of our Ordinary Shares, nor will gains derived from the disposal of our Ordinary Shares be subject to Cayman Islands income or corporation tax.

No stamp duty is payable in the Cayman Islands in respect of the issue of our Ordinary Shares or on an instrument of transfer in respect of our Ordinary Shares so long as the instrument of transfer is not executed in, brought to, or produced before a court of the Cayman Islands.

**BVI Taxation**

The following is a discussion on certain British Virgin Islands income tax consequences of an investment in our securities. The discussion is a general summary of present law, which is subject to prospective and retroactive change. It is not intended as tax advice, does not consider any investor's particular circumstances, and does not consider tax consequences other than those arising under British Virgin Islands law.

Payments of dividends and capital in respect of our securities will not be subject to taxation in the British Virgin Islands and no withholding will be required on the payment of a dividend or capital to any holder of the securities nor will gains derived from the disposal of the securities be subject to British Virgin Islands income or corporation tax.

The British Virgin Islands currently levies no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature of inheritance tax or estate duty. There are no other taxes likely to be material to us levied by the Government of the British Virgin Islands except to the extent that we have any interest in real property in the BVI, all instruments relating to transactions in respect of the shares, debt obligations or other securities of the Company and all instruments relating to other transactions relating to the business of the Company are exempt from the payment of stamp duty in the BVI provided that they do not relate to real property in the BVI. There are no exchange control regulations or currency restrictions in the British Virgin Islands. Under the laws of the British Virgin Islands, no stamp duty is payable in the British Virgin Islands on the issue of shares by, or any transfers of shares of, British Virgin Islands companies (except those which hold interests in land in the British Virgin Islands).

There are currently no withholding taxes or exchange control regulations in the BVI applicable to our Company.

**Singapore Tax Considerations**

***Dividends Distributions***

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Under the one-tier corporate tax system which currently applies to all Singapore tax resident companies, tax on corporate profits is final, and dividends paid by a Singapore tax resident company will be income tax exempt in the hands of a shareholder, whether or not the shareholder is a company or an individual and whether or not the shareholder is a Singapore tax resident.

Under the one-tier corporate tax system that currently applies to Singapore tax-resident companies, tax paid by a Singapore tax-resident company on its corporate profits is final, and dividends paid by that Singapore tax-resident company are exempt from Singapore income tax in the hands of its shareholders, whether or not the shareholder is a company or an individual and whether or not the shareholder is a Singapore tax resident. This paragraph describes dividends paid by a Singapore tax-resident company and does not, by itself, describe the tax treatment of dividends paid by our Cayman Islands holding company.

Foreign shareholders are advised to consult their own tax advisers to take into account the tax laws of their respective countries of residence and the existence of any agreement for the avoidance of double taxation which their country of residence may have with Singapore.

***Gains upon Disposal of Shares***

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Singapore does not currently impose tax on capital gains. Gains arising from the disposal of the shares may be construed to be of an income nature and subject to Singapore income tax, especially if they arise from activities which may be regarded as the carrying on of a trade or business in Singapore. Such gains may also be considered income in nature, even if they do not arise from an activity in the ordinary course of trade or business or an ordinary incident of some other business activity, if the shares were purchased with the intention or purpose of making a profit by sale rather than holding for long-term investment purposes in Singapore. Conversely, gains from disposition of the shares in Singapore, if considered as capital gains rather than income by the Inland Revenue Authority of Singapore ("**IRAS**"), are not taxable in Singapore.

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There are no specific laws or regulations which deal with the characterization of whether a gain is income or capital in nature. The characterization of gains arising from the sale of our shares will depend primarily on the facts and circumstances (commonly referred to as the "badges of trade") of each shareholder.

● Section 13W of the SITA provides statutory certainty on the non-taxability of certain gains or profits derived by a qualifying corporate taxpayer from the disposal of shares, subject to specified conditions and exceptions. For disposals of ordinary shares during the period from 1 June 2012 to 31 December 2025, the safe harbour generally applied where the divesting company had legally and beneficially held at least 20% of the ordinary shares in the investee company for a continuous period of at least 24 months immediately before the disposal. For disposals on or after 1 January 2026, section 13W provides a revised safe harbour for disposals of ordinary shares or preference shares where the statutory ownership and holding-period conditions are satisfied, including tests based on the divesting company's legal and beneficial ownership of at least 20% of the ordinary shares in the investee company or shares representing at least 20% of the total paid-up ordinary and preference share capital of the investee company, as applicable.

The availability of section 13W is subject to detailed statutory exceptions and conditions. These exceptions may include, among other things, specified disposals involving certain property-related companies, partnership structures and cases where gains or profits from disposal of shares are otherwise included as income of the divesting company. The precise application of section 13W depends on the facts and the statutory provisions in force at the relevant time. Shareholders should consult their own tax advisers on whether section 13W may apply to any disposal of shares.

Shareholders who apply, or who are required to apply, the Singapore Financial Reporting Standard 39 — Financial Instruments: Recognition and Measurement, or FRS 39; the Singapore Financial Reporting Standard 109 — Financial Instruments, or FRS 109; or the Singapore Financial Reporting Standard (International) 9 — Financial Instruments, or SFRS(I) 9, may for the purposes of Singapore income tax be required to recognize gains or losses in respect of financial instruments (not being gains or losses in the nature of capital) in accordance with FRS 39, FRS 109 or SFRS(I) 9 (as the case may be) (as modified by the applicable provisions of Singapore income tax law) even where no sale or disposal of the shares is made.

Section 34A of the SITA provides for the tax treatment for financial instruments in accordance with FRS 39 (subject to certain exceptions and "opt-out" provisions) for taxpayers who are required to comply with FRS 39 for financial reporting purposes. The IRAS has also issued a circular entitled "Income Tax Implications Arising from the Adoption of FRS 39 — Financial Instruments: Recognition and Measurement". FRS 109 or SFRS(I) 9 (as the case may be) is mandatorily effective for annual periods beginning on or after January 1, 2018, replacing FRS 39. Section 34AA of the SITA requires taxpayers who comply or who are required to comply with FRS 109 or SFRS(I) 9 (as the case may be) for financial reporting purposes to calculate their profit, loss or expense for Singapore income tax purposes in respect of financial instruments in accordance with FRS 109 or SFRS(I) 9 (as the case may be), subject to certain exceptions. The IRAS has also issued a circular entitled "Income Tax: Income Tax Treatment Arising from Adoption of FRS 109 — Financial Instruments".

Shareholders who may be subject to the above-mentioned tax treatments, including under Sections 34A or 34AA of the SITA, should consult their accounting and tax advisers regarding the Singapore income tax consequences of their acquisition, holding and disposal of the shares.

***Corporate Income Tax***

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Companies that carry on business in Singapore are subject to a flat rate of 17% of the companies' chargeable income. Chargeable income refers to the companies' taxable income (after deducting tax-allowable expenses).

***Goods and Services Tax***

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The sale of the shares by a GST-registered investor belonging in Singapore for GST purposes to another person belonging in Singapore is an exempt supply not subject to GST. Any input GST (for example, GST on brokerage) incurred by the GST-registered investor in connection with the making of an exempt supply is generally not recoverable from the Singapore Comptroller of GST and will become an additional cost to the investor unless the investor satisfies certain conditions prescribed under the GST legislation or satisfies certain GST concessions.

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Where the shares are sold by a GST-registered investor in the course of or furtherance of a business carried on by such investor contractually to and for the direct benefit of a person belonging outside Singapore, the sale should generally, subject to satisfaction of certain conditions, be considered a taxable supply subject to GST at 0%. Any input GST (for example, GST on brokerage) incurred by the GST-registered investor in making such a supply in the course of or furtherance of a business may be fully recoverable from the Singapore Comptroller of GST. Investors should seek their own tax advice on the recoverability of GST incurred on expenses in connection with the purchase and sale of the shares.

Services consisting of arranging, brokering, underwriting or advising on the issue, allotment or transfer of ownership of shares rendered by a GST-registered person to an investor belonging in Singapore for GST purposes in connection with the investor's purchase, sale or holding of the shares will generally be subject to GST at the prevailing standard rate, currently 9%, unless an exemption or zero-rating provision applies. Similar services rendered by a GST-registered person contractually to a person belonging outside Singapore may be zero-rated, subject to the satisfaction of the conditions under Singapore GST law.

**United States Federal Income Tax Considerations**

The following discussion is a summary of U.S. federal income tax considerations generally applicable to U.S. Holders (as defined below) of the ownership and disposition of our Ordinary Shares. This summary applies only to U.S. Holders that hold our Ordinary Shares as capital assets (generally, property held for investment) and that have the U.S. dollar as their functional currency. This summary is based on U.S. federal tax laws in effect as of the date of this prospectus, on U.S. Treasury regulations in effect or, in some cases, proposed as of the date of this prospectus, and judicial and administrative interpretations thereof available on or before such date. All of the foregoing authorities are subject to change, which could apply retroactively and could affect the tax consequences described below. No ruling has been sought from the Internal Revenue Service ("IRS") with respect to any U.S. federal income tax considerations described below, and there can be no assurance that the IRS or a court will not take a contrary position. Moreover, this summary does not address the U.S. federal estate, gift, backup withholding, and alternative minimum tax considerations, or any state, local, and non-U.S. tax considerations, relating to the ownership and disposition of our Ordinary Shares. The following summary does not address all aspects of U.S. federal income taxation that may be important to particular investors in light of their individual circumstances or to persons in special tax situations such as:

● financial institutions or financial services entities;

● underwriters;

● insurance companies;

● pension plans;

● cooperatives;

● regulated investment companies;

● real estate investment trusts;

● grantor trusts;

● broker-dealers;

● traders that elect to use a mark-to-market method of accounting;

● governments or agencies or instrumentalities thereof;

● certain former U.S. citizens or long-term residents;

● tax-exempt entities (including private foundations);

● persons liable for alternative minimum tax;

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● persons holding stock as part of a straddle, hedging, conversion or other integrated transaction;

● persons whose functional currency is not the U.S. dollar;

● passive foreign investment companies;

● controlled foreign corporations;

● the Company's officers or directors;

● holders who are not U.S. Holders;

● persons that actually or constructively own 5% or more of the total combined voting power of all classes of our voting stock; or

● partnerships or other entities taxable as partnerships for U.S. federal income tax purposes, or persons holding Ordinary Shares through such entities.

**PROSPECTIVE INVESTORS ARE URGED TO CONSULT THEIR OWN TAX ADVISORS REGARDING THE APPLICATION OF U.S. FEDERAL TAXATION TO THEIR PARTICULAR CIRCUMSTANCES, AND THE STATE, LOCAL, NON-U.S., OR OTHER TAX CONSEQUENCES OF THE OWNERSHIP AND DISPOSITION OF OUR ORDINARY SHARES.**

For purposes of this discussion, a "U.S. Holder" is a beneficial owner of our Ordinary Shares that is, for U.S. federal income tax purposes:

● an individual who is a citizen or resident of the United States;

● a corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in the United States or under the laws of the United States, any state thereof or the District of Columbia;

● an estate, the income of which is subject to U.S. federal income taxation regardless of its source; or

● a trust that (1) is subject to the primary supervision of a court within the United States and the control of one or more U.S. persons for all substantial decisions, or (2) has a valid election in effect under applicable U.S. Treasury regulations to be treated as a U.S. person.

If a partnership (or other entity treated as a partnership for U.S. federal income tax purposes) is a beneficial owner of our Ordinary Shares, the tax treatment of a partner in the partnership will generally depend upon the status of the partner and the activities of the partnership. Partnerships holding our Ordinary Shares and their partners are urged to consult their tax advisors regarding an investment in our Ordinary Shares.

***Taxation of Dividends and Other Distributions on Our Ordinary Shares***

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As discussed under "*Dividend Policy*" above, we do not anticipate that any dividends will be paid in the foreseeable future. Subject to the discussion below under "Passive Foreign Investment Company Rules," any cash distributions (including the amount of any PRC tax withheld) paid on our Ordinary Shares out of our current or accumulated earnings and profits, as determined under U.S. federal income tax principles, will generally be includible in the gross income of a U.S. Holder as dividend income on the day actually or constructively received by the U.S. Holder. Because we do not intend to determine our earnings and profits on the basis of U.S. federal income tax principles, any distribution we pay will generally be treated as a "dividend" for U.S. federal income tax purposes. A non-corporate U.S. Holder will be subject to tax on dividend income from a "qualified foreign corporation" at a lower applicable capital gains rate rather than the marginal tax rates generally applicable to ordinary income provided that certain holding period requirements are met. A non-U.S. corporation (other than a corporation that is classified as a PFIC for the taxable year in which the dividend is paid or the preceding taxable year) will generally be considered to be a qualified foreign corporation (i) if it is eligible for the benefits of a comprehensive tax treaty with the United States that the U.S. Secretary of Treasury determines is satisfactory for purposes of this provision and includes an exchange of information program, or (ii) with respect to any dividend it pays on stock that is readily tradable on an established securities market in the United States, including Nasdaq. It is unclear whether dividends that we pay on our Ordinary Shares will meet the conditions required for the reduced tax rate. However, in the event that we are deemed to be a PRC resident enterprise under the PRC Enterprise Income Tax Law, we may be eligible for the benefits of the United States-PRC income tax treaty. If we are eligible for such benefits, dividends we pay on our Ordinary Shares, would be eligible for the reduced rates of taxation described in this paragraph. You are urged to consult your tax advisor regarding the availability of the lower rate for dividends paid with respect to our Ordinary Shares. Dividends received on our Ordinary Shares will not be eligible for the dividends-received deduction allowed to corporations.

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Dividends will generally be treated as income from foreign sources for U.S. foreign tax credit purposes and will generally constitute passive category income. Depending on the U.S. Holder's individual facts and circumstances, a U.S. Holder may be eligible, subject to a number of complex limitations, to claim a foreign tax credit not in excess of any applicable treaty rate in respect of any foreign withholding taxes imposed on dividends received on our Ordinary Shares. A U.S. Holder who does not elect to claim a foreign tax credit for foreign tax withheld may instead claim a deduction, for U.S. federal income tax purposes, in respect of such withholding, but only for a year in which such U.S. Holder elects to do so for all creditable foreign income taxes. The rules governing the foreign tax credit are complex and their outcome depends in large part on the U.S. Holder's individual facts and circumstances. Accordingly, U.S. Holders are urged to consult their tax advisors regarding the availability of the foreign tax credit under their particular circumstances.

***Taxation of Sale or Other Disposition of Ordinary Shares***

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Subject to the discussion below under "Passive Foreign Investment Company Rules," a U.S. Holder will generally recognize capital gain or loss upon the sale or other disposition of Ordinary Shares in an amount equal to the difference between the amount realized upon the disposition and the U.S. Holder's adjusted tax basis in such Ordinary Shares. Any capital gain or loss will be long term if the Ordinary Shares have been held for more than one year and will generally be U.S.-source gain or loss for U.S. foreign tax credit purposes. Long-term capital gains of non-corporate taxpayers are currently eligible for reduced rates of taxation. In the event that gain from the disposition of the Ordinary Shares is subject to tax in the PRC, such gain may be treated as PRC-source gain under the United States-PRC income tax treaty. The deductibility of a capital loss may be subject to limitations. U.S. Holders are urged to consult their tax advisors regarding the tax consequences if a foreign tax is imposed on a disposition of our Ordinary Shares, including the availability of the foreign tax credit under their particular circumstances.

***Passive Foreign Investment Company Rules***

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A non-U.S. corporation, such as our company, will be classified as a PFIC, for U.S. federal income tax purposes for any taxable year, if either (i) 75% or more of its gross income for such year consists of certain types of "passive" income or (ii) 50% or more of the value of its assets (determined on the basis of a quarterly average) during such year is attributable to assets that produce or are held for the production of passive income. For this purpose, cash and cash equivalents are categorized as passive assets and the company's goodwill and other unbooked intangibles are taken into account as non-passive assets. Passive income generally includes, among other things, dividends, interest, rents, royalties, and gains from the disposition of passive assets. We will be treated as owning a proportionate share of the assets and earning a proportionate share of the income of any other corporation in which we own, directly or indirectly, more than 25% (by value) of the stock.

No assurance can be given as to whether we will be or may become a PFIC, as this is a factual determination made annually that will depend, in part, upon the composition of our income and assets. Furthermore, the composition of our income and assets may also be affected by how, and how quickly, we use our liquid assets and the cash raised in this offering. Under circumstances where our revenue from activities that produce passive income significantly increase relative to our revenue from activities that produce non-passive income, or where we determine not to deploy significant amounts of cash for active purposes, our risk of becoming classified as a PFIC may substantially increase. In addition, because there are uncertainties in the application of the relevant rules, it is possible that the Internal Revenue Service may challenge our classification of certain income and assets as non-passive or our valuation of our tangible and intangible assets, each of which may result in our becoming a PFIC for the current or subsequent taxable years. If we were classified as a PFIC for any year during which a U.S. Holder held our Ordinary Shares, we generally would continue to be treated as a PFIC for all succeeding years during which such U.S. Holder held our Ordinary Shares even if we cease to be a PFIC in subsequent years, unless certain elections are made. Our U.S. counsel expresses no opinion with respect to our PFIC status for any taxable year.

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If we are classified as a PFIC for any taxable year during which a U.S. Holder holds our Ordinary Shares, and unless the U.S. Holder makes a mark-to-market election (as described below), the U.S. Holder will generally be subject to special tax rules that have a penalizing effect, regardless of whether we remain a PFIC, on (i) any excess distribution that we make to the U.S. Holder (which generally means any distribution paid during a taxable year to a U.S. Holder that is greater than 125 percent of the average annual distributions paid in the three preceding taxable years or, if shorter, the U.S. Holder's holding period for the Ordinary Shares), and (ii) any gain realized on the sale or other disposition of Ordinary Shares. Under these rules,

● the U.S. Holder's gain or excess distribution will be allocated ratably over the U.S. Holder's holding period for the Ordinary Shares;

● the amount allocated to the current taxable year and any taxable years in the U.S. Holder's holding period prior to the first taxable year in which we are classified as a PFIC (each, a "pre-PFIC year"), will be taxable as ordinary income;

● the amount allocated to each prior taxable year, other than a pre-PFIC year, will be subject to tax at the highest tax rate in effect for individuals or corporations, as appropriate, for that year; and

● an additional tax equal to the interest charge generally applicable to underpayments of tax will be imposed in respect of the tax attributable to each prior taxable year, other than a pre-PFIC year, of the U.S. Holder.

If we are treated as a PFIC for any taxable year during which a U.S. Holder holds our Ordinary Shares, or if any of our subsidiaries is also a PFIC, such U.S. Holder would be treated as owning a proportionate amount (by value) of the shares of any lower-tier PFICs for purposes of the application of these rules. U.S. Holders are urged to consult their tax advisors regarding the application of the PFIC rules to any of our subsidiaries.

As an alternative to the foregoing rules, a U.S. Holder of "marketable stock" in a PFIC may make a mark-to-market election with respect to such stock, provided that such stock is "regularly traded" within the meaning of applicable U.S. Treasury regulations. If our Ordinary Shares qualify as being regularly traded, and an election is made, the U.S. Holder will generally (i) include as ordinary income for each taxable year that we are a PFIC the excess, if any, of the fair market value of Ordinary Shares held at the end of the taxable year over the adjusted tax basis of such Ordinary Shares and (ii) deduct as an ordinary loss the excess, if any, of the adjusted tax basis of the Ordinary Shares over the fair market value of such Ordinary Shares held at the end of the taxable year, but such deduction will only be allowed to the extent of the amount previously included in income as a result of the mark-to-market election. The U.S. Holder's adjusted tax basis in the Ordinary Shares would be adjusted to reflect any income or loss resulting from the mark-to-market election. If a U.S. Holder makes a mark-to-market election in respect of a corporation classified as a PFIC and such corporation ceases to be classified as a PFIC, the U.S. Holder will not be required to take into account the gain or loss described above during any period that such corporation is not classified as a PFIC. If a U.S. Holder makes a mark-to-market election, any gain such U.S. Holder recognizes upon the sale or other disposition of our Ordinary Shares in a year when we are a PFIC will be treated as ordinary income and any loss will be treated as ordinary loss, but such loss will only be treated as ordinary loss to the extent of the net amount previously included in income as a result of the mark-to-market election.

Because a mark-to-market election cannot be made for any lower-tier PFICs that we may own, a U.S. Holder may continue to be subject to the PFIC rules with respect to such U.S. Holder's indirect interest in any investments held by us that are treated as an equity interest in a PFIC for U.S. federal income tax purposes.

Furthermore, as an alternative to the foregoing rules, a U.S. Holder that owns stock of a PFIC generally may make a "qualified electing fund" election regarding such corporation to elect out of the PFIC rules described above regarding excess distributions and recognized gains. However, we do not intend to provide information necessary for U.S. Holders to make qualified electing fund elections which, if available, would result in tax treatment different from the general tax treatment for PFICs described above.

If a U.S. Holder owns our Ordinary Shares during any taxable year that we are a PFIC, the U.S. Holder must generally file an annual Internal Revenue Service Form 8621 and provide such other information as may be required by the U.S. Treasury Department, whether or not a mark-to-market election is or has been made. If we are or become a PFIC, you should consult your tax advisor regarding any reporting requirements that may apply to you.

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You should consult your tax advisors regarding how the PFIC rules apply to your investment in our Ordinary Shares.

***Information Reporting and Backup Withholding***

 ****

Certain U.S. Holders are required to report information to the Internal Revenue Service relating to an interest in "specified foreign financial assets," including shares issued by a non-United States corporation, for any year in which the aggregate value of all specified foreign financial assets exceeds $50,000 (or a higher dollar amount prescribed by the Internal Revenue Service), subject to certain exceptions (including an exception for shares held in custodial accounts maintained with a U.S. financial institution). These rules also impose penalties if a U.S. Holder is required to submit such information to the Internal Revenue Service and fails to do so.

In addition, dividend payments with respect to our Ordinary Shares and proceeds from the sale, exchange or redemption of our Ordinary Shares may be subject to additional information reporting to the IRS and possible U.S. backup withholding. Backup withholding will not apply, however, to a U.S. Holder who furnishes a correct taxpayer identification number and makes any other required certification on IRS Form W-9 or who is otherwise exempt from backup withholding. U.S. Holders who are required to establish their exempt status generally must provide such certification on IRS Form W-9. U.S. Holders are urged to consult their tax advisors regarding the application of the U.S. information reporting and backup withholding rules.

Backup withholding is not an additional tax. Amounts withheld as backup withholding may be credited against your U.S. federal income tax liability, and you may obtain a refund of any excess amounts withheld under the backup withholding rules by filing the appropriate claim for refund with the IRS and furnishing any required information. We do not intend to withhold taxes for individual shareholders. However, transactions effected through certain brokers or other intermediaries may be subject to withholding taxes (including backup withholding), and such brokers or intermediaries may be required by law to withhold such taxes.

**THE PRECEDING DISCUSSION OF U.S. FEDERAL TAX CONSIDERATIONS IS FOR GENERAL INFORMATION PURPOSES ONLY. IT IS NOT TAX ADVICE. EACH PROSPECTIVE INVESTOR SHOULD CONSULT ITS OWN TAX ADVISOR REGARDING THE PARTICULAR U.S. FEDERAL, STATE, LOCAL AND FOREIGN TAX CONSEQUENCES OF PURCHASING, HOLDING AND DISPOSING OF OUR ORDINARY SHARES, INCLUDING THE CONSEQUENCES OF ANY PROPOSED CHANGE IN APPLICABLE LAWS.**

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**Underwriting**

We will enter into an underwriting agreement with Eddid Securities USA Inc. or the Representative. acting as the lead managing underwriter and book-runner with respect to the Ordinary Shares subject to this offering. Subject to the terms and conditions of the underwriting agreement, we have agreed to sell to the Representative, and each underwriter named below has severally agreed to purchase from us, on a firm commitment basis, the number of Ordinary Shares set forth opposite its name below, at the public offering price, less the underwriting discount set forth on the cover page of this prospectus:

---

| | |
|:---|:---|
| **Name** | **Number of <br> Ordinary Shares** |
| Eddid Securities USA Inc. |  |
| **Total** |  |

---

The underwriters are offering the Ordinary Shares subject to their acceptance of the Ordinary Shares from us and subject to prior sale. The underwriting agreement provides that the obligations of the underwriters to pay for and accept delivery of the Ordinary Shares offered by this prospectus are subject to the approval of certain legal matters by their counsel and to certain other conditions. The underwriters are obligated to take and pay for all of the Ordinary Shares offered by this prospectus if any such shares are taken.

The Representative has advised us that it proposes to offer the shares to the public at the public offering price set forth on the cover page of this prospectus and to certain dealers at that price less a concession not in excess of US$[ ] per share. The underwriters may allow, and certain dealers may re-allow, a discount from the concession not in excess of US$[ ] per share to certain brokers and dealers. After this offering, the public offering price, concession and reallowance to dealers may be reduced by the Representative. No such reduction shall change the amount of proceeds to be received by us. The securities are offered by the underwriters as stated herein, subject to receipt and acceptance by them and subject to their right to reject any order in whole or in part. The Representative has informed us that they do not intend to confirm sales to any accounts over which they exercise discretionary authority.

**Discounts and Expenses**

The underwriting discount is 7.0% of the initial public offering price.

The following table shows the price per share and total public offering price, underwriting discounts and commissions and proceeds before expenses to us.

---

| | | |
|:---|:---|:---|
|  | **Per Share** | **Total** |
| Initial public offering price<sup>(1)</sup> | US$ | US$ |
| Underwriting discounts and commissions:<sup>(2)</sup> | US$ | US$ |
| Proceeds to the Company before expenses<sup>(3)</sup> | US$ | US$ |

---

(1) Initial
 public offering price per share is assumed to be US$7.00, being the mid-point of the initial public offering price range of
 US$6.00 to US$8.00.

(2) We
 have agreed to pay the underwriter a discount equal to 7.0% of the gross proceeds of the offering. This table does not include a
 non-accountable expense allowance equal to 1.0% of the gross proceeds of this offering payable to the underwriters.

(3) Excludes
 up to US$300,000 in fees and expenses payable to the underwriters.

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We will also pay to the Representative by deduction from the net proceeds of the offering contemplated herein, a non-accountable expense allowance equal to one percent (1.0%) of the gross proceeds received by us from the sale of Ordinary Shares.

We have agreed to reimburse the Representative up to a maximum of US$300,000 for out-of-pocket accountable expenses (including the legal fees and other disbursements as disclosed below). We agreed to pay US$100,000 as an advance towards the Representative's accountable expenses (the "Advance"), $50,000 of which has been paid as of the date of this prospectus. Any portion of the Advance that is in excess of the amount of out-of-pocket accountable expenses actually incurred by the Representative will be returned to us in accordance with FINRA Rule 5110(g)(4)(A).

We have agreed to pay expenses relating to the offering, including but not limited to (i) all filing fees and communication expenses relating to the registration of the Ordinary Shares to be sold in this offering with the SEC and the filing of the offering materials with FINRA; (ii) all fees and expenses relating to the listing of the Ordinary Shares on Nasdaq; (iii) all reasonable fees, expenses and disbursements relating to background checks of the Company's officers and directors; (iv) up to US$120,000 of legal fees, costs and expenses incurred by the Representative, including all reasonable travel and lodging expenses incurred by the Representative or its counsel in connection with visits to, and examinations of, the Company; (v) translation costs for due diligence purposes; (vi) all fees, expenses and disbursements relating to the registration or qualification of such Ordinary Shares under the "blue sky" securities laws of such states and other jurisdictions as the Representative may reasonably designate (including, without limitation, all filing and registration fees and the reasonable fees and disbursements of Representative's counsel); (vii) the costs of all mailing and printing of the underwriting documents, registration statements, prospectuses and all amendments, supplements and exhibits thereto and as many preliminary and final prospectuses as the Representative may reasonably deem necessary; (viii) the costs of preparing, printing and delivering certificates representing the Ordinary Shares and the fees and expenses of the transfer agent for such shares; (ix) stock transfer taxes, if any; (x) the fees and expenses of the Company's accountants, legal counsel, public relations firm and other agents and representatives; (xi) all expenses, including without limitation, travel and lodging expenses for all road show meetings and preparation of a power point presentation; and (xii) the costs associated with "tombstone or Lucite" advertisements.

We estimate that the total expenses of the offering payable by us, excluding the underwriter's discount and commissions and non-accountable expense allowance will be approximately US$[ ] including a maximum aggregate reimbursement of US$300,000 of the Representative's accountable expenses.

**Over-allotment**

If the underwriters sell more Ordinary Shares than the total number set forth in the table above, the Company has granted to the underwriters a 45-day option following the effective date of this prospectus to purchase up to 625,000 additional Ordinary Shares from us at the initial public offering price less the underwriting discounts and commissions, based on the assumed offering price of US$7.00 per Ordinary Share, the mid-point between the range of US$6.00 and US$8.00 per Ordinary Share. The underwriters may exercise this option solely for the purpose of covering over-allotments, if any, in connection with this offering. Any Ordinary Shares issued or sold under the option will be issued and sold on the same terms and conditions as the other Ordinary Shares that are the subject of this offering.

In connection with the offering, the underwriters may purchase and sell Ordinary Shares in the open market. Purchases and sales in the open market may include short sales, purchases to cover short positions, which may include purchases pursuant to the over-allotment option, and stabilizing purchases.

Purchases to cover short positions and stabilizing purchases, as well as other purchases by the underwriters for their own accounts, may have the effect of preventing or retarding a decline in the market price of the Ordinary Shares. They may also cause the price of the Ordinary Shares to be higher than the price that would otherwise exist in the open market in the absence of these transactions. The underwriters may conduct these transactions in the over-the-counter market or otherwise. If the underwriters commence any of these transactions, they may discontinue them at any time.

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**Lock-Up Agreements**

Our officers, directors and principal shareholders (5% or more shareholders) have agreed, subject to certain exceptions, to a six-month "lock-up" period, which will commence on the date the registration statement of which this prospectus forms a part is declared effective by the Securities and Exchange Commission (the "Effective Date"), with respect to the Ordinary Shares that they beneficially own or acquire, including the issuance of Ordinary Shares upon the exercise of convertible securities and options that are currently outstanding or which may be issued. This means that, for a period of six months following the Effective Date, such persons may not offer, sell, pledge or otherwise dispose of these securities, or any of our Ordinary Shares, without the prior written consent of the Representative.

The Representative has no present intention to waive or shorten the lock-up period; however, the terms of the lock-up agreement may be waived at its discretion. In determining whether to waive the terms of the lock-up agreements, the Representative may base its decision on its assessment of the relative strengths of the securities markets and companies similar to ours in general, and the trading pattern of, and demand for, our securities in general.

**Right of First Refusal**

For a period of twelve months from the completion of this offering, we have granted the Representative the right of first refusal to act as lead manager and bookrunner or lead placement agent with respect to any public or private sale of the securities of the Company and/or any of its subsidiaries.

**Tail Fee**

We have also agreed to pay the Representative a tail fee equal to eight percent (8.0%) of the consideration or proceeds received by us, or any of our shareholders from any transaction (including, without limitation, any merger, consolidation, acquisition, financing, joint venture or other arrangement) that we, or any of our affiliates enter into with any investor actually introduced by the Representative to us during our engagement period with the Representative that was not-known to the Company or its subsidiaries or affiliates previously, in connection with any public or private financing or capital raise (each a "Tail Transaction"), and such Tail Transaction is consummated within the twelve (12) month period following the closing of this offering. Such right shall be subject to FINRA Rule 5110(g)(5), including that it may be terminated by us for cause in case of the Representative's material failure to provide the services contemplated in the underwriting agreement.

**Nasdaq Listing**

We intend to apply to have our Ordinary Shares approved for listing on the Nasdaq Capital Market under the symbol "[ ]." We make no representation that such application will be approved or that our Ordinary Shares will trade on such market either now or at any time in the future; notwithstanding the foregoing, we will not close this offering unless such Ordinary Shares are listed on the Nasdaq Capital Market at the completion of this offering.

**Electronic Distribution**

A prospectus in electronic format may be made available on websites or through other online services maintained by the Representative or by its affiliates. Other than the prospectus in electronic format, the information on the Representative's website and any information contained in any other website maintained by it is not part of this prospectus or the registration statement of which this prospectus forms a part, has not been approved and/or endorsed by us or the Representative in its capacity as an underwriter and should not be relied upon by investors.

Any underwriter who is a qualified market maker on the Nasdaq Capital Market may engage in passive market making transactions on the Nasdaq Capital Market in accordance with Rule 103 of Regulation M, during the business day prior to the pricing of the offering, before the commencement of offers or sales. Passive market makers must comply with applicable volume and price limitations and must be identified as passive market makers. In general, a passive market maker must display its bid at a price not in excess of the highest independent bid for such security; if all independent bids are lowered below the passive market maker's bid, however, the passive market maker's bid must then be lowered when certain purchase limits are exceeded.

**No Prior Public Market**

Prior to this offering, there has been no public market for our securities and the public offering price for our Ordinary Shares will be determined through negotiations between us and the Representative. Among the factors to be considered in these negotiations will be prevailing market conditions, our financial information, market valuations of other companies that we and the Representative believe to be comparable to us, estimates of our business potential, the present state of our development and other factors deemed relevant. The offering price for our Ordinary Shares in this offering has been arbitrarily determined by the Company in its negotiations with the underwriters and does not necessarily bear any direct relationship to the assets, operations, book or other established criteria of value of the Company.

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**Price Stabilization, Short Positions and Penalty Bids**

Until the distribution of the Ordinary Shares offered by this prospectus is completed, rules of the SEC may limit the ability of the underwriters to bid for and to purchase our Ordinary Shares. As an exception to these rules, the underwriters may engage in transactions effected in accordance with Regulation M under the Exchange Act that are intended to stabilize, maintain or otherwise affect the price of our Ordinary Shares. The underwriters may engage in over-allotment sales, syndicate covering transactions, stabilizing transactions and penalty bids in accordance with Regulation M.

● Stabilizing transactions consist of bids or purchases made by the Underwriter for the purpose of preventing or slowing a decline in the market price of our securities while this offering is in progress.

● Short sales and over-allotments occur when the managing underwriter, on behalf of the underwriting syndicate, sells more of our Ordinary Shares than they purchase from us in this offering. In order to cover the resulting short position, the managing underwriter may engage in syndicate covering transactions. There is no contractual limit on the size of any syndicate covering transaction. The underwriters will deliver a prospectus in connection with any such short sales. Purchasers of shares sold short by the underwriters are entitled to the same remedies under the federal securities laws as any other purchaser of securities covered by the registration statement.

● Syndicate covering transactions are bids for or purchases of our securities on the open market by the managing underwriter on behalf of the underwriters in order to reduce a short position incurred by the managing underwriter on behalf of the underwriters.

● A penalty bid is an arrangement permitting the managing underwriter to reclaim the selling concession that would otherwise accrue to an underwriter if the Ordinary Shares originally sold by the underwriters were later repurchased by the managing underwriter and therefore was not effectively sold to the public by such underwriters.

Stabilization, syndicate covering transactions and penalty bids may have the effect of raising or maintaining the market price of our Ordinary Shares or preventing or retarding a decline in the market price of our Class Ordinary Shares. As a result, the price of our Ordinary Shares may be higher than the price that might otherwise exist in the open market.

Neither we nor the underwriters make any representation or prediction as to the effect that the transactions described above may have on the prices of our Ordinary Shares. These transactions may occur on the Nasdaq Capital Market or another national securities exchange. If any of these transactions are commenced, they may be discontinued without notice at any time.

**Other Relationships**

The underwriters and certain of their affiliates are full service financial institutions engaged in various activities, which may include securities trading, commercial and investment banking, financial advisory, investment management, investment research, principal investment, hedging, financing and brokerage activities. Some of the underwriters and certain of their affiliates may in the future engage in investment banking and other commercial dealings in the ordinary course of business with us and our affiliates, for which they may in the future receive customary fees, commissions and expenses. In addition, in the ordinary course of their business activities, the underwriters and their affiliates may make or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers. Such investments and securities activities may involve securities and/or instruments of ours or our affiliates. The underwriters and their affiliates may also make investment recommendations and/or publish or express independent research views in respect of such securities or financial instruments and may hold, or recommend to clients that they acquire, long and/or short positions in such securities and instruments.

**Offers Outside the United States**

Other than in the United States, no action has been taken by us or the underwriters that would permit a public offering of the Ordinary Shares offered by this prospectus in any jurisdiction where action for that purpose is required. The Ordinary Shares offered by this prospectus may not be offered or sold, directly or indirectly, nor may this prospectus or any other offering material or advertisements in connection with the offer and sale of any such shares be distributed or published in any jurisdiction, except under circumstances that will result in compliance with the applicable rules and regulations of that jurisdiction. Persons into whose possession this prospectus comes are advised to inform themselves about and to observe any restrictions relating to the offering and the distribution of this prospectus. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any Ordinary Shares offered by this prospectus in any jurisdiction in which such an offer or a solicitation is unlawful.

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**Expenses Related to this Offering**

Set forth below is an itemization of the total expenses, excluding underwriting discounts and commissions, which are expected to be incurred in connection with the offer and sale of the Ordinary Shares by us. With the exception of the SEC registration fee, the Nasdaq Capital Market listing fee and the Financial Industry Regulatory Authority ("FINRA") filing fee, all amounts are estimates.

---

| | | |
|:---|:---|:---|
| SEC registration fee | US$ | 5294 |
| NASDAQ listing fee |  | 50000 |
| FINRA filing fee |  | 5743 |
| Printing and engraving expenses |  | 10000 |
| Legal fees and expenses |  | 388857 |
| Accounting fees and expenses |  | 453000 |
| Consultant's fee |  | 123462 |
| Underwriter expenses excluding underwriting discount related to this offering |  | 591667 |
| Miscellaneous |  | 120122 |
| **Total** | **US$** | **1748144** |

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**Legal Matters**

We are being represented by Loeb & Loeb LLP with respect to certain legal matters as to United States federal securities law. The underwriter is being represented by Sichenzia Ross Ference Carmel LLP with respect to certain legal matters as to United States federal securities law. The validity of the Ordinary Shares offered in this offering will be passed upon for us by Ogier. Certain legal matters as to Singapore law will be passed upon for us by Chua & Partners. Loeb & Loeb LLP may rely upon Ogier with respect to matters governed by Cayman Islands law and Chua & Partners with respect to matters governed by Singapore law.

**Experts**

The consolidated financial statements as of September 30, 2024 and 2025 and for the period from September 26, 2023 (date of inception) to September 30, 2024 and the year ended September 30, 2025, and the related financial statement schedule included in this prospectus have been audited by AOGB CPA Limited, an independent registered public accounting firm, as stated in their report appearing herein (which expresses an unqualified opinion on the consolidated financial statements). Such consolidated financial statements and financial statement schedule are included in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.

The office of AOGB CPA Limited is located at Suite 2501-3, Tesbury Centre, 28 Queen's Road East, Admiralty, Hong Kong, Hong Kong.

**Where You Can Find Additional Information**

We have filed a registration statement, including relevant exhibits and schedules, with the SEC on Form F-1 under the Securities Act with respect to the Ordinary Shares to be sold in this offering. This prospectus, which constitutes a part of the registration statement on Form F-1, does not contain all of the information contained in the registration statement. You should read our registration statement and its exhibits and schedules thereto for further information with respect to us and the Ordinary Shares.

Immediately upon the effectiveness of the registration statement on Form F-1 of which this prospectus forms a part, we will become subject to periodic reporting and other informational requirements of the Exchange Act as applicable to foreign private issuers. Accordingly, we will be required to file reports, including annual reports on Form 20-F, and other information with the SEC. All information filed with the SEC can be obtained over the internet at the SEC's website at *www.sec.gov* or inspected and copied at the public reference facilities maintained by the SEC at 100 F Street, N.E., Washington, D.C. 20549. You can request copies of documents, upon payment of a duplicating fee, by writing to the SEC.

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**STAR INTEGRATIA LIMITED**

**INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
|  | **Page** |
| Consolidated Financial Statements |  |
| [Report of Independent Registered Public Accounting Firm](#sd_001) (PCAOB ID: 7020) | F-2 |
| [Consolidated Balance Sheets as of September 30, 2024 and 2025](#sd_002) | F-3 |
| [Consolidated Statements of Operations and Comprehensive (Loss) Income for the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025](#sd_003) | F-4 |
| [Consolidated Statements of Changes in Shareholders' Equity for the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025](#sd_004) | F-5 |
| [Consolidated Statements of Cash Flows for the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025](#sd_005) | F-6 |
| [Notes to the Consolidated Financial Statements](#sd_006) | F-7 |

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![](formdrs_013.jpg)

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Sole Shareholder and Sole Director of Star Integratia Limited

**Opinion on the Consolidated Financial Statements**

We have audited the accompanying consolidated balance sheets of Star Integratia Limited (the "Company") and its subsidiaries (collectively the "Group") as of September 30, 2024 and 2025, and the related consolidated statements of operations and comprehensive (loss) income, changes in shareholder's equity, and cash flows from September 26, 2023 (inception) through the period ended September 30, 2024 and the year ended September 30, 2025 and the related notes (collectively referred to as the "consolidated financial statements"). In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as of September 30, 2024 and 2025, and the results of its operations and its cash flows for the period from September 26, 2023 (inception) to September 30, 2024 and the year ended September 30, 2025, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These consolidated financial statements are the responsibility of the Group's management. Our responsibility is to express an opinion on the Group's consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Group in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Group is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ AOGB CPA Limited

We have served as the Group's auditor since 2025.

Hong Kong, Hong Kong

December 22, 2025

AOGB CPA Limited, Suite 2501-03, Tesbury Centre, 28 Queen's Road East, Admiralty, Hong Kong

Tel: 2152-2238, Website: www.aogb.com

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**STAR INTEGRATIA LIMITED AND ITS SUBSIDIARIES**

**CONSOLIDATED BALANCE SHEETS**

---

| | | | |
|:---|:---|:---|:---|
|  | **As of September 30,** | **As of September 30,** | **As of September 30,** |
|  | **2024** | **2025** | **2025** |
|  | **SGD** | **SGD** | **US$** |
| **ASSETS** |  |  |  |
| **Current assets:** |  |  |  |
| Cash and cash equivalents | 27438 | 944054 | 731655 |
| Inventories | 10650 | 37479 | 29047 |
| Amount due from a director | 4429 | 63366 | 49110 |
| Prepaid expenses, other receivables and deposit | 40412 | 228693 | 177240 |
| **Total current assets** | 82929 | 1273592 | 987052 |
| **Non-current assets:** |  |  |  |
| Rental deposit |  | 6200 | 4805 |
| Deferred tax asset | 279 |  |  |
| Intangible assets, net | 121333 | 93333 | 72334 |
| Right-of-use assets, net |  | 68287 | 52923 |
| Property and equipment, net |  | 13951 | 10812 |
| **Total non-current assets** | 121612 | 181771 | 140874 |
| **TOTAL ASSETS** | 204541 | 1455363 | 1127926 |
| **LIABILITIES AND SHAREHOLDER'S EQUITY** |  |  |  |
| **Current liabilities:** |  |  |  |
| Contract liabilities – current, third parties | 3510 | 1627 | 1261 |
| Contract liabilities – current, related parties | 168 | 112 | 87 |
| Operating lease liability - current |  | 35738 | 27697 |
| Other current liabilities |  | 3684 | 2855 |
| Income tax payable |  | 117780 | 91281 |
| **Total current liabilities** | 3678 | 158941 | 123181 |
| **Non-current liabilities:** |  |  |  |
| Contract liabilities – non-current | 226 |  |  |
| Deferred tax liability |  | 5977 | 4632 |
| Asset retirement obligations |  | 19212 | 14890 |
| Operating lease liability – non-current |  | 18438 | 14290 |
| **Total non-current liabilities** | 226 | 43627 | 33812 |
| **TOTAL LIABILITIES** | 3904 | 202568 | 156993 |
| **COMMITMENTS AND CONTINGENCIES (Note 13)** |  |  |  |
| **SHAREHOLDER'S EQUITY** |  |  |  |
| Ordinary shares (par value of US$0.0001 per share; 500,000,000 shares authorized; 10,000 shares issued and outstanding as of September 30, 2024 and 2025, respectively) \* | 1 | 1 | 1 |
| Subscription receivable | (1) | (1) | (1) |
| Additional paid-in capital | 229999 | 229999 | 178252 |
| (Accumulated deficit) Retained earnings | (29362) | 1022796 | 792681 |
| **Total shareholders' equity** | 200637 | 1252795 | 970933 |
| **TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY** | 204541 | 1455363 | 1127926 |

---

\* Giving retroactive effect to the Reorganization which are detailed in Note 1 and Note 10.

The accompanying notes are an integral part of these consolidated financial statements.

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**STAR INTEGRATIA LIMITED AND ITS SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME**

---

| | | | |
|:---|:---|:---|:---|
|  | **For the period from September 26, 2023 (inception) to September 30, 2024** | **For the year ended September 30, 2025** | **For the year ended September 30, 2025** |
|  | **SGD** | **SGD** | **US$** |
| Revenue – third parties | 40395 | 1733743 | 1343674 |
| Revenue – related parties | 336 | 392 | 304 |
| Cost of revenue | (9310) | (417529) | (323591) |
| **Gross profit** | 31421 | 1316606 | 1020387 |
| **Operating expenses:** |  |  |  |
| General and administrative expenses | (61062) | (140582) | (108953) |
| **(Loss) Income from operations** | (29641) | 1176024 | 911434 |
| Other income: |  |  |  |
| &nbsp;&nbsp;&nbsp;Other income |  | 170 | 132 |
| &nbsp;&nbsp;&nbsp;Total other income |  | 170 | 132 |
| **(Loss) Income before tax expense** | (29641) | 1176194 | 911566 |
| Income tax credit (expense) | 279 | (124036) | (96130) |
| **Net (loss) income and comprehensive (loss) income** | (29362) | 1052158 | 815436 |
| **Net (loss) income per ordinary share** |  |  |  |
| Basic and diluted**\*** | (2.94) | 105.22 | 81.54 |
| **Weighted average number of ordinary shares used in computing net (loss) income per ordinary share** |  |  |  |
| Basic and diluted**\*** | 10000 | 10000 | 10000 |

---

\* Giving retroactive effect to the Reorganization which are detailed in Note 1 and Note 10.

The accompanying notes are an integral part of these consolidated financial statements.

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**STAR INTEGRATIA LIMITED AND ITS SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Ordinary shares** | **Ordinary shares** | | | | |
|  | **Number of**<br>**Shares\*** |<br>**Amount** |<br>**Subscription**<br>**Receivable** | **Additional**<br>**Paid-in**<br>**Capital** | **(Accumulated**<br> **Deficit)**<br>**Retained**<br>**Earnings** | **Total**<br>**Shareholders'**<br>**Equity** |
|  | | **SGD** | **SGD** | **SGD** | **SGD** | **SGD** |
| Balance as of September 26, 2023 (inception) |  |  |  |  |  |  |
| Issuance of shares by the Company | 10000 | 1 | (1) |  |  |  |
| Capital contribution to a subsidiary |  |  |  | 230000 |  | 230000 |
| Acquisition of a subsidiary |  |  |  | (1) |  | (1) |
| Net loss |  |  |  |  | (29362) | (29362) |
| Balance as of September 30, 2024 | 10000 | 1 | (1) | 229999 | (29362) | 200637 |
| Net income |  |  |  |  | 1052158 | 1052158 |
| Balance as of September 30, 2025 | 10000 | 1 | (1) | 229999 | 1022796 | 1252795 |

---

\* Giving retroactive effect to the Reorganization which are detailed in Note 1 and Note 10.

The accompanying notes are an integral part of these consolidated financial statements.

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**STAR INTEGRATIA LIMITED AND ITS SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

---

| | | | |
|:---|:---|:---|:---|
|  | **For the period from September 26, 2023 (inception) to September 30, 2024** | **For the year ended<br> September 30, 2025** | **For the year ended<br> September 30, 2025** |
|  | **SGD** | **SGD** | **US$** |
| **Cash flows from operating activities:** |  |  |  |
| Net (loss) income | (29362) | 1052158 | 815436 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: |  |  |  |
| &nbsp;&nbsp;&nbsp;Depreciation of property and equipment |  | 2476 | 1919 |
| &nbsp;&nbsp;&nbsp;Depreciation of right-of-use assets |  | 4703 | 3645 |
| &nbsp;&nbsp;&nbsp;Accretion expense relating to asset retirement obligations |  | 398 | 308 |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | 18667 | 28000 | 21700 |
| Change in operating assets and liabilities: |  |  |  |
| &nbsp;&nbsp;&nbsp;Prepaid expenses, other receivables and deposits | (40412) | (194481) | (150725) |
| &nbsp;&nbsp;&nbsp;Inventories | (10650) | (26829) | (20793) |
| &nbsp;&nbsp;&nbsp;Contract liabilities | 3904 | (2165) | (1677) |
| &nbsp;&nbsp;&nbsp;Other current liabilities |  | 3684 | 2855 |
| &nbsp;&nbsp;&nbsp;Amount due from a director | (4430) | (58937) | (45677) |
| &nbsp;&nbsp;&nbsp;Asset retirement obligations |  | 18814 | 14582 |
| &nbsp;&nbsp;&nbsp;Operating lease obligation |  | (18814) | (14582) |
| &nbsp;&nbsp;&nbsp;Deferred tax | (279) | 6256 | 4849 |
| &nbsp;&nbsp;&nbsp;Income tax payable |  | 117780 | 91281 |
| **Net cash (used in) provided by operating activities** | (62562) | 933043 | 723121 |
| **Cash flows from investing activities:** |  |  |  |
| Purchase of intangible asset | (140000) |  |  |
| Purchase of property and equipment |  | (16427) | (12731) |
| **Net cash used in investing activities** | (140000) | (16427) | (12731) |
| **Cash flows from financing activity:** |  |  |  |
| Proceed from issuance of ordinary shares by a subsidiary | 230000 |  |  |
| **Net cash provided by financing activity** | 230000 |  |  |
| **Net increase in cash and cash equivalents** | 27438 | 916616 | 710390 |
| Cash and cash equivalents at beginning of the period/year |  | 27438 | 21265 |
| **Cash and cash equivalents at the end of the period/year** | 27438 | 944054 | 731655 |
| **Supplemental disclosure of cash flow information:** |  |  |  |
| Income tax paid |  |  |  |
| Interest income received |  |  |  |
| **Supplemental information of non-cash financing and investing activities:** |  |  |  |
| Right-of-use assets, obtained in exchange for operating lease obligations |  | 71491 | 55406 |
| Right-of-use assets, obtained in exchange for asset retirement obligations |  | 18814 | 14582 |

---

The accompanying notes are an integral part of these consolidated financial statements.

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**STAR INTEGRATIA LIMITED AND ITS SUBSIDIARIES<br> NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS**

**1. ORGANIZATION AND PRINCIPAL ACTIVITIES**

Star Integratia Limited ("Company" or "Star Integratia") is an exempted company established under the laws of the Cayman Islands on November 21, 2025 with authorized share capital of US$50,000 divided into 500,000,000 ordinary shares of par value US$0.0001 each share. The Company is a parent holding company with no operations.

All Best App Pte. Ltd. ("All Best App"), the operating subsidiary of the Company following the group reorganization, is a limited company incorporated in Singapore on September 26, 2023, which the principal activity is the provision of geomancy-related services.

The Company, through its wholly-owned subsidiaries (collectively, the "Group"), is primarily engaged in geomancy-related services specializing in four core services: 1) provision of geomancy consulting solutions; 2) sales of curated products; 3) organization of geomancy-themed events; and 4) provision of subscription-based online services through website.

 ****

***Reorganization***

In anticipation of an initial public offering ("IPO") of its equity securities, the Group undertook the following steps to effect a reorganization ("Reorganization"):

On September 26, 2023, All Best App Pte. Ltd. was incorporated in Singapore and is controlled by Ms. LIM Kiam Kiam.

On November 14, 2025, Integratia Holdings Limited was incorporated in the British Virgin Islands and is wholly owned by Ms. LIM Kiam Kiam.

On November 21, 2025, Star Integratia was incorporated in the Cayman Islands as a wholly owned subsidiary of Integratia Holdings Limited.

On December 5, 2025, Integratia Group Limited was incorporated in the British Virgin Islands as a wholly owned subsidiary of Star Integratia.

On December 17, 2025, Ms. LIM Kiam Kiam acquired an aggregate of 18,000 shares of All Best App from other existing shareholders, namely 6,000 shares from Mr. Seow Lee Kian, Terence, 3,500 shares from Mr. Rony Hendarmin, 2,500 shares from Ms. Tay Siok Kiang, 3,000 shares from Mr. Seah Hock Ann, Theodore, 500 shares from Ms. Ivana Cresensia and 2,500 shares from Mr. Fong Lee Yun. As a result, Ms. LIM Kiam Kiam became the sole shareholder of All Best App.

On December 18, 2025, Integratia Group Limited acquired 100% of the equity interest of All Best App. As a result, Star Integratia holds an indirect 100% equity interest in All Best App through Integratia Group Limited.

In accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 805-50-25, the Reorganization has been accounted for as a recapitalization among entities under common control since the same shareholder controlled all these entities prior to and after the Reorganization. The consolidation of the Company and its subsidiaries has been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated financial statements. The results of operations for the period presented comprise those of the previously separate entities combined from the beginning of the period to the end of the period. By eliminating the effects of intra-entity transactions in determining the results of operations for the period before the Reorganization, those results will be substantially the same as the results of operations for the period after the date of Reorganization. The effects of all inter-company transactions are eliminated in consolidation. Furthermore, ASC 805-50-45-5 indicates that the financial statements and financial information presented for prior years also shall be retrospectively adjusted to furnish comparative information.

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As of the issuance date of these consolidated financial statements, the details of subsidiaries are as follows. The subsidiaries are owned by the Company through equity investment. The Group does not have a variable interest entity structure. Upon the Reorganization and as of the date of this report, details of the subsidiaries are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Percentage of** | **Percentage of** | | |
| | | **effective ownership** | **effective ownership** | | |
| <br>**Name of subsidiary** |<br>**Date of**<br>**incorporation** | **2024** | **2025** | <br>**Place of**<br>**incorporation** | <br>**Principal**<br>**activities** |
| Direct |  |  |  |  |  |
| Integratia Group Limited | December 5, 2025 | 100% | 100% | British Virgin Islands | Investment holding |
| Indirect |  |  |  |  |  |
| All Best App | September 26, 2023 | 100% | 100% | Singapore | Geomancy related business |

---

**2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

 ****

***Basis of Presentation***

The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC").

 ****

***Principles of consolidation***

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. A subsidiary is an entity (including a structured entity), directly or indirectly, controlled by the Company. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. All significant inter-company balances and transactions between the Company and its subsidiaries are eliminated upon consolidation.

 ****

***Use of estimates***

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on historical information, information that is currently available to the Group and on various other assumptions that the Group believes to be reasonable under the circumstances. Significant estimates required to be made by management, include, but are not limited to, the expected credit loss provision, the determination of the useful lives of property and equipment, impairment of long-lived assets, right-of-use assets, net, operating lease liabilities, incremented borrowing rate for lease, valuation allowance for deferred tax asset, revenue recognition and contingencies. Actual results could differ from these estimates. The Group evaluates these estimates on an ongoing basis and revises estimates as circumstances change. The Group bases its estimates on historical experience, anticipated results, trends, and other various assumptions that it believes are reasonable.

 ****

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***Foreign currency translation***

The reporting and functional currency of the Company and its subsidiaries is Singapore dollar ("SGD").

Assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange prevailing at the balance sheet date. Translation gains and losses are recognized in the consolidated statements of operations and comprehensive income as other comprehensive income or loss. Transactions denominated in other than SGD are measured and recorded in the reporting currency of the entity at the exchange rates prevailing on the transaction date. The resulting exchange differences are reported as other income (other expenses) in the consolidated statements of operations and comprehensive income.

 ****

***Convenience translation***

Translations of balances in the consolidated balance sheets, consolidated statements of operations and comprehensive income and consolidated statements of cash flows from SGD into United States Dollars ("US$") as of and for the year ended September 30, 2025 are solely for the convenience of the readers and were calculated at the noon buying rate of US$1.00 = SGD1.2903, as published in H.10 statistical releases of the United States Federal Reserve Board. No representation is made that the SGD amounts could have been, or could be, converted, realized or settled into US$ at such rate or at any other rate.

 ****

***Concentration risks***

Significant customers and suppliers are those that account for greater than 10% of the Group's total revenue and total purchase, respectively.

The following table sets forth a summary of customers who represent 10% or more of the Group's total revenue:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **For the period from<br> September 26, 2023<br> (inception) to<br> September 30, 2024** | **For the period from<br> September 26, 2023<br> (inception) to<br> September 30, 2024** | **For the year ended<br> September 30, 2025** | **For the year ended<br> September 30, 2025** |
|  | **SGD** | **Percentage of revenue** | **SGD** | **Percentage of revenue** |
| Customer A |  | 0% | 249378 | 14% |
| Customer B | 35780 | 88% |  | 0% |

---

There were no amounts receivable from customers as of September 30, 2024 and 2025.

The following table sets forth a summary of suppliers who represent 10% or more of the Group's total purchases:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **For the period from<br> September 26, 2023<br> (inception) to<br> September 30, 2024** | **For the period from<br> September 26, 2023<br> (inception) to<br> September 30, 2024** | **For the year ended<br> September 30, 2025** | **For the year ended<br> September 30, 2025** |
|  | **SGD** | **Percentage of purchases** | **SGD** | **Percentage of purchases** |
| Supplier A | 19960 | 100% | 405358 | 99% |

---

There were no amounts owing to suppliers as of September 30, 2024 and 2025.

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***Credit Risks***

Credit risk is the potential financial loss to the Group resulting from the failure of a customer or a counterparty to settle its financial and contractual obligations to the Group, as and when they fall due. The Group's assets that are potentially subject to a significant concentration of credit risk primarily consist of amount due from a director and cash and cash equivalents. As the Group does not hold any collateral, the maximum exposure to credit risk is the amount due from a director, other receivables, refundable deposits and cash and cash equivalents presented on the consolidated balance sheets. The Group has no other financial assets which carry significant exposure to credit risk.

The amount due from a director is fully settled after the year end. Deposits pertain to rental and related deposit which will be refunded when lease ends. Cash is placed in financial institution with high credit ratings assigned by international credit rating agencies.

 ****

***Interest rate risk***

The Group is exposed to interest rate risk primarily relating to the cash deposit in bank account and the risk due to changes in interest rates is not material. The Group has not used any derivative instruments to mitigate its exposure associated with interest rate risk.

 ****

***Liquidity Risk***

Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group's approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressful conditions, without incurring unacceptable losses or risking damage to the Group's reputation.

Typically, the Group ensures that it has sufficient cash on demand to meet expected operational expenses for a period of twelve months.

 ****

***Fair Value Measurement***

Fair value represents the price that would be received from selling an asset or paid to transfer liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact, and it considers assumptions that market participants would use when pricing the asset or liability.

Accounting guidance establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Accounting guidance establishes three levels of input that may be used to measure fair value:

● Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

● Level 2: Observable, market-based inputs, other than quoted prices, in active markets for identical assets or liabilities.

● Level 3: Unobservable inputs which are supported by little or no market activity.

The Group's financial instruments include cash and cash equivalents, other receivables, refundable deposits, and other current liabilities. The carrying amounts of these financial instruments approximate their fair values as of September 30, 2024 and 2025 due to the short-term nature of these instruments. The carrying amount of operating lease liabilities and asset retirement obligations approximate their fair values since they bear an interest rate which approximates market interest rates.

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 **

***Related parties***

 **

The Group adopted ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions.

***Cash and cash equivalents***

 ****

Cash and cash equivalents consist of cash deposits held in banks, which are highly liquid and have original maturities of three months or less and are unrestricted as to withdrawal or use. The Group maintains all bank accounts in Singapore. Cash balances in bank account in Singapore is mainly transacted with bank of high credit rating assigned by international credit risk rating agencies.

Cash and cash equivalents consists of the following:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of September 30,** | **As of September 30,** | **As of September 30,** | **As of September 30,** |
|  | **2024** | **2024** | **2025** | **2025** |
|  | **SGD** | **SGD** | **SGD** | **SGD** |
| Cash at bank representing cash and cash equivalents |  | 27438 |  | 944054 |

---

 ****

***Accounts receivable, net***

Accounts receivable represents an unconditional right to consideration arising from Group's performance under contracts with customers and are stated at the original amount less allowance for credit losses on such receivables. Generally, invoices occur immediately when goods are sold or when related works are performed. The subsidiaries of the Group do not grant credit to customers sales and service invoices are settled immediately by the customers.

The allowance for credit losses is estimated based upon the Group's assessment of various factors, including historical collectability based on past due status, the age of the accounts receivable balances, credit quality of the Group's customers based on ongoing credit evaluations, customer specific quantitative and qualitative factors, current general economic conditions, reasonable and supportable forecasts of future economic conditions and other factors that may affect the customers' ability to pay. Bad debts are written off as incurred.

No accounts receivable was outstanding as of September 30, 2024 and 2025.

 ****

***Prepaid expenses, other receivables and deposits***

Prepaid expenses represent expenses paid in advance for future services and are short-term in nature whereby services will be consumed within 12 months from balance sheet date. Therefore, no impairment loss is considered by the Group. Deposits are mainly pertaining to rental and related expenses. Deposits will be refunded when lease ended and the Group does not renew the lease. The Group considers the assets to be impaired if the realizability and recoverability become doubtful. As of September 30, 2024 and 2025, there was no allowance for impairment recorded as the Group considers all the prepayments will be fully realizable and no indicator that deposits will be not recoverable.

 ****

***Intangible assets, net***

Intangible assets that are acquired by the Group are stated at cost less accumulated amortization and impairment losses.

The following intangible assets are amortized from the date that are available for use and their estimated useful lives are as follows:

<u>Useful life</u> <br> Website 5 years

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Management determined the website to have a useful life of 5 years based on an estimated period during which such asset can bring economic benefits to the Group. The useful lives and method of amortization are reviewed annually.

 ****

***Property and equipment, net***

Property and equipment that are acquired by the Group are stated at cost less accumulated depreciation and impairment losses.

The following property and equipment are depreciated from the date that are available for use, and their estimated useful lives are as follows:

<u>Useful life</u> <br> Office furniture 3 years <br> Renovation 2 years

Management determined the useful lives of property and equipment based on an estimated period during which such assets can bring economic benefits to the Group. The useful lives and method of depreciation are reviewed annually.

**Leases as lessee**

The Group assesses whether a contract qualifies as a lease at inception. The Group only held operating leases as of and for the year ended September 30, 2025. The Group's material long-term operating lease agreements are for the office premises. The lease term begins on the date that the Group takes possession under the lease.

Operating lease right-of-use assets and operating lease liabilities are recognized at the lease commencement date for material leases with a term of greater than 12 months. Operating lease liabilities represent the present value of future minimum lease payments. Since the Group's leases do not provide an implicit rate, operating lease liabilities are calculated using estimated incremental borrowing rate based on a collateralized borrowing over the term of each individual lease. Minimum lease payments include only fixed lease components of the agreement, as well as variable rate payments that depend on an index, initially measured using the index at the lease commencement date.

Operating lease right-of-use assets represent the Group's right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepaid or accrued lease payments, initial direct costs and lease incentives. Lease incentives are recognized when earned and reduce the Group's operating lease asset related to the lease. They are amortized through the operating lease assets as reductions of rent expense over the lease term.

 ****

***Asset retirement obligations***

The Group accounts for its asset retirement obligations ("ARO") in accordance with ASC 410-20, Asset Retirement and Environmental Obligations. An ARO is recognized when a legal obligation associated with the retirement of a long-lived asset exists, and its fair value can be reasonably estimated.

The Group's ARO relates to the obligation to restore the leased office space to its original condition as required by the lease agreement. Upon initial recognition of a qualifying ARO, the fair value of the liability is recorded, and a corresponding amount is capitalized as part of the carrying amount of the related long-lived asset, which in the case of a lease, is the right-of-use asset.

The initial fair value of the ARO liability is estimated using the expected cash flow approach and discounted using the Group's incremental borrowing rate at the lease commencement date. The capitalized ARO cost is subsequently depreciated over the shorter of the asset's useful life or the lease term.

Subsequent to initial measurement, the ARO liability is accreted to its future settlement value over time through periodic charges to earnings, recognized as accretion expense. The liability is adjusted for any revisions to the timing or amount of the estimated cash flows. Revisions in estimates are accounted for by adjusting both the ARO liability and the related long-lived asset.

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***Impairment of long-lived assets***

The Group reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable or that the useful life is shorter than the Group had originally estimated. When these events occur, the Group measures impairment by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Group would recognize an impairment loss based on the excess of carrying amount over the fair value of the assets. There is no impairment loss recognized for the property and equipment, right-of-use asset and intangible assets for the period from September 26, 2023 (date of inception) to September 30, 2024 and year ended September 30, 2025.

 ****

***Inventories***

Inventories mainly consist of curated products available for sale. They are accounted for using the first in first out method and stated at the lower of cost and net realizable value. The Group evaluates the need for impairment associated with obsolete, slow-moving, and non-saleable inventories by reviewing net realizable values on a periodic basis but at least annually. Only defective products are eligible for return to the material suppliers.

The amount of inventory charged to cost of sales during the period from September 26, 2023 (inception) to September 30, 2024 and year ended September 30, 2025 was SGD9,310 and SGD378,367 respectively. No allowance for inventory obsolescence written off was provided during the period from September 26, 2023 (inception) to September 30, 2024 and year ended September 30, 2025.

 ****

***Commitments and contingencies***

In the normal course of business, the Group is subject to commitments and contingencies, including legal proceedings and claims arising out of its business that relate to a wide range of matters, such as government investigations and tax matters. The Group recognizes a liability for such contingency if it determines it is probable that a loss will occur, and a reasonable estimate of the loss can be made. The Group may consider many factors in making these assessments on liability for contingencies, including historical and the specific facts and circumstances of each matter.

 ****

***Revenue recognition***

The Group follows ASC 606, Revenue from Contracts with Customers, and all subsequent ASUs that modified ASC 606. Revenue from contracts with customers is recognized using the following five steps:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Identify
 the contract(s) with a customer;

2. Identify
 the performance obligations in the contract;

3. Determine
 the transaction price;

4. Allocate
 the transaction price to the performance obligations in the contract; and

5. Recognize
 revenue when (or as) the entity satisfies a performance obligation.

A contract contains a promise (or promises) to transfer goods or services to a customer. A performance obligation is a promise (or a group of promises) that is distinct. The transaction price is the amount of consideration a company expects to be entitled from a customer in exchange for providing the goods or services.

The unit of accounts for revenue recognition is a performance obligation (a good or service). A contract may contain one or more performance obligations. Performance obligations are accounted for separately if they are distinct. A good or service is distinct if the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer, and the good or service is distinct in the context of the contract. Otherwise, performance obligations are combined with other promised goods or services until the Group identifies a bundle of goods or services that are distinct. Promises in contracts which do not result in the transfer of a good or service are not performance obligations, as well as those promises that are administrative in nature, or are immaterial in the context of the contract. The Group applied the guidance of ASC 606-10-25-16 through 22 in order to verify which promises should be assessed for classification as distinct performance obligations.

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The transaction price is allocated to each performance obligation in the contract based on the relative stand-alone selling prices of the promised goods or services. The individual standalone selling price of a good or service that has not previously been sold on a stand-alone basis, or has a highly variable selling price, is determined based on the residual portion of the transaction price after allocating the transaction price to goods and/or services with observable stand-alone selling price. A discount or variable consideration is allocated to one or more, but not all, of the performance obligations if it relates specifically to those performance obligations.

Transaction price is the amount of consideration in the contract to which the Group expects to be entitled in exchange for transferring the promised goods or services. The transaction price may be fixed or variable and is adjusted for time value of money if the contract includes a significant financing component. Consideration payable to a customer is deducted from the transaction price if the Group does not receive a separate identifiable benefit from the customer. When consideration is variable, if applicable, the estimated amount is included in the transaction price to the extent that it is highly probable that a significant reversal of the cumulative revenue will not occur when the uncertainty associated with the variable consideration is resolved.

Revenue may be recognized at a point in time or over time following the satisfaction of the performance obligations. If a performance obligation is satisfied over time, revenue is recognized based on the percentage of completion reflecting the progress towards complete satisfaction of that performance obligation. Typically, performance obligation for products where the process is described as below, the performance obligation is satisfied at point in time.

<u>Geomancy consultancy services</u>

The Group also provides geomancy consultancy services to its customers. The Group fulfills its performance obligation and recognizes revenue from Geomancy consultancy services at a point in time when a customer can consume benefit from the consultation. Invoice issued to customers indicating details of consultancy services with transaction price allocated to each type of consultancy service is considered a contract with customers. Service fees charged to customers are normally paid immediately.

<u>Sales of curated products</u>

The Group generates revenue by selling curated products to its customers. Performance obligation is satisfied upon delivery of products, usually cash on delivery basis. Invoice issued to its customers is indicating products sold and other terms and conditions are considered as contract with customers. The Group allocates transaction prices to its products separately net of discount, if any. Revenue is recognized at a point in time when control of a product is transferred to a customer. Products sold are not returnable and refundable.

<u>Geomancy-themed events</u> 

The Group organizes geomancy-themed events and sells tickets to customers who are interested in attending the event which is usually completed within one day. Tickets are sold and payments for the tickets are received in advance before the event starts. Such sales of tickets and advance payments from customers are recorded as contract liability. Revenue is recognized at a point in time based on tickets price on the day the event occurred, which coincides with transfer of performance obligation to the customers.

<u>Subscription-based online services through website (i.e. website membership income)</u>

The Group earns website membership income when members sign up for membership and make payment on the website The members can choose to sign up for 1 month, 6 months, 1 year or 2 years membership. Customers will register membership by providing date of birth on the website. Members start to be able to use information on the website from the day the member pays membership fee, and the service is available for the duration selected. Such membership income is recognized over time on a time apportioned basis. Any remaining duration of membership to be used after balance sheet date is recognized as contract liability.

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<u>Contract balance</u>

When either party to a revenue contract is determined, the Group presents the contract in the consolidated balance sheets as a contract asset or a contract liability, depending on the relationship between the Group's performance and the customer's payment. The Group does not have material contract assets. The Group presents any unconditional rights to consideration separately as accounts receivable.

The Group's contract liabilities represent unused website membership duration, which is recognized as revenue based on a time apportioned basis when the relevant performance obligations are delivered. As of September 30, 2024, the balances of contract liabilities were SGD3,904, which SGD3,678 is recognized as revenue during the year ended September 30, 2025, and SGD225 to be recognized during the year ending September 30, 2026. As of September 30, 2025, the balance of contract liabilities is SGD1,739, which is expected to be realized in the following year.

 ****

***Segment reporting***

ASC 280, "Segment Reporting", establishes standards for reporting information about operating segments on a basis consistent with the Group's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for detailing the Group's business segments. The Group uses the "management approach" in determining reportable operating segments.

Based on the criteria established by ASC 280, the Group's chief operating decision maker ("CODM") has been identified as the Executive Director, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. The Group has engaged in few revenue streams which are the (i) provision of geomancy consulting solutions; (ii) sales of curated products; (iii) organizing geomancy-themed events; and (iv) provision of subscription-based online services through website. These revenues are all generated from Singapore. Much of the information provided in these consolidated financial statements is similar to, or the same as, that reviewed on a regular basis by the Group's CODM. As a result, the Group operates and manages its business as a single operating segment. All the Group's long-lived assets are located in Singapore.

***Cost of revenue***

Cost of revenue consists primarily of payments to third parties for the cost directly associated with the purchases of curated products payable to a third party vendor and cost incurred for organizing geomancy-themed events.

 ****

***General and administrative expenses***

General and administrative expenses consisted mainly of legal and professional fees, depreciation expenses, marketing and promotion expenses and other office and administrative expenses.

 ****

***Income tax***

The Group accounts for income tax in accordance with the laws of the relevant tax authorities. The charge for taxation is based on the results for the fiscal year as adjusted for items which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.

The Group accounts for income tax under ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases.

Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

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The provisions of ASC 740-10-25, "Accounting for Uncertainty in Income Taxes," prescribe a more-likely-than-not threshold for consolidated financial statement recognition and measurement of a tax position taken (or expected to be taken) in a tax return. This interpretation also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and related disclosures.

The Group did not accrued any liability of interest and penalties related to uncertain tax positions and does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months.

 ****

***Loss (income) per share***

Basic income per share is computed by dividing net income attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period/year. Diluted income per share is calculated by dividing net income attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period/year. Ordinary share equivalents are excluded from the computation of diluted income per share if their effects would be anti-dilutive. There were no potentially dilutive shares that were outstanding as of September 30, 2024 and 2025.

 ****

***Recently issued accounting pronouncements***

The Group considers the applicability and impact of all accounting standards updates ("ASUs"). Management periodically reviews new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended (the "JOBS Act"), the Group meets the definition of an emerging growth Group and has elected the extended transition period for complying with new or revised accounting standards, which delays the adoption of these accounting standards until they would apply to private companies.

*<u>Recently adopted accounting pronouncements</u>*

In November 2023, the FASB issued ASU No. 2023-07, Improvements to Reportable Segment Disclosures (Topic 280). This ASU updates reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the CODM and included within each reported measure of a segment's profit or loss. This ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment's profit or loss in assessing segment performance and deciding how to allocate resources. This ASU is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Adoption of this ASU should be applied retrospectively to all prior periods presented in the financial statements. The Group adopted this ASU from January 1, 2024, which did not have a material impact on the Group's consolidated financial statements.

*<u>Recently issued accounting pronouncements not yet adopted</u>*

In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). This ASU requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as additional information on income tax paid. This ASU is effective on a prospective basis for annual periods beginning after December 15, 2024. Early adoption is also permitted for annual financial statements that have not yet been issued or made available for issuance. This ASU will result in the required additional disclosures being included in our consolidated financial statements, once adopted. The Group evaluated this ASU will not have a material impact on the Group's consolidated financial statements.

In November 2024, the FASB issued ASU No. 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40). This ASU enhances disclosures about a public business entity's expense and provide more detailed information about the types of expenses included in certain notes in the consolidated financial statements. This ASU is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Group is in the process of assessing the impact of this ASU on the Group's consolidated financial statements.

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Other accounting standards issued by FASB do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Group does not discuss recent standards that are not anticipated to have an impact on or are unrelated to its consolidated balance sheets, consolidated statements of operations and comprehensive income, consolidated statements of cash flows or related notes.

**3. PREPAID EXPENSES, OTHER RECEIVABLES AND DEPOSIT**

Prepaid expenses, other receivables and deposit mainly consist of the following:

---

| | | |
|:---|:---|:---|
|  | **As of September 30,** | **As of September 30,** |
|  | **2024** | **2025** |
|  | **SGD** | **SGD** |
| Prepaid legal and professional fee |  | 181955 |
| Prepaid event cost | 35850 | 14238 |
| Prepaid website development fee |  | 30650 |
| Prepaid other service | 1706 | 200 |
| Utilities deposit |  | 1650 |
| Other receivables | 2856 |  |
| Total prepaid expense, other receivables and deposit | 40412 | 228693 |

---

Note: The prepaid legal and professional fee, event cost, website development fee and other service represent advance payments for services to be consumed by the Group within one year from the period/year ended September 30, 2024 and 2025.

**4. INTANGIBLE ASSETS, NET**

Intangible assets consist of the following as of September 30, 2024 and 2025:

---

| | | |
|:---|:---|:---|
|  | **As of September 30,** | **As of September 30,** |
|  | **2024** | **2025** |
|  | **SGD** | **SGD** |
| **Website** |  |  |
| Cost | 140000 | 140000 |
| Less: accumulated amortization and impairment | (18667) | (46667) |
| Total intangible asset, net | 121333 | 93333 |

---

Amortization expenses recognized for the year ended September 30, 2025 was SGD28,000 (2024: SGD18,667). The whole amount of amortization expenses was attributed to the general and administrative expenses.

The net book value of the intangible assets as of September 30, 2025 are expected to be fully amortized for the year ending September 30, 2029.

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**5. RIGHT-OF-USE ASSETS AND OPERATING LEASES LIABLITILES**

The Group entered into operating leases of one office in Singapore for the year ended September 30, 2025. During the period/year ended September 30, 2024 and September 30, 2025, the operating lease expense was amounted to SGDnil and SGD18,600 respectively. Cash paid for operating cash flows from operating leases during the period/year ended September 30, 2024 and September 30, 2025 is SGDnil and SGD18,600 respectively.

The Group's operating lease right-of-use assets and operating lease liabilities recognized in the consolidated balance sheets consisted of the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of** | **As of** | **As of** | **As of** |
|  | **September 30,**<br> **2024** | **September 30,**<br> **2024** | **September 30,**<br> **2025** | **September 30,**<br> **2025** |
|  | **SGD** | **SGD** | **SGD** | **SGD** |
| **Operating lease:** |  |  |  |  |
| Operating lease – right-of-use asset | |  | | 68,287 |

---

---

| | | |
|:---|:---|:---|
|  | **As of** | **As of** |
|  | **September 30,**<br> **2024** | **September 30,**<br> **2025** |
|  | **SGD** | **SGD** |
| **Operating lease liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;Current operating lease obligation |  | 35738 |
| &nbsp;&nbsp;&nbsp;Non-current operating lease obligation |  | 18438 |
| &nbsp;&nbsp;&nbsp;Total |  | 54176 |

---

---

| | | |
|:---|:---|:---|
|  | **As of** | **As of** |
|  | **September 30,**<br> **2024** | **September 30,**<br> **2025** |
|  | **SGD** | **SGD** |
| **Operating leases:** |  |  |
| &nbsp;&nbsp;&nbsp;Weighted average remaining lease term (years) | N/A | 1.5 |
| &nbsp;&nbsp;&nbsp;Weighted average discount rate | N/A | 4.2% |

---

The maturity analysis of the Group's operating lease obligations as of September 30, 2025, was as follows:

---

| | |
|:---|:---|
|  | **Operating <br> leases** |
|  | **SGD** |
| Year ending September 30, 2026 | 37200 |
| Year ending September 30, 2027 | 18600 |
| Future minimum operating lease payment | 55800 |
| Less: imputed interest | (1624) |
| Operating lease liabilities recognized in the consolidated balance sheet | 54176 |

---

**6. ASSET RETIREMENT OBLIGATIONS**

Under the Group's lease agreements, the Group is contractually obligated to landlords to return the leased space to its original condition upon termination of the lease agreement.

The following table provides a roll forward of the Group's asset retirement obligations:

---

| | | |
|:---|:---|:---|
|  | **As of** | **As of** |
|  | **September 30,**<br> **2024** | **September 30,**<br> **2025** |
|  | **SGD** | **SGD** |
| Asset retirement obligations: |  |  |
| &nbsp;&nbsp;&nbsp;At beginning of period/year |  |  |
| &nbsp;&nbsp;&nbsp;Liabilities incurred |  | 18814 |
| &nbsp;&nbsp;&nbsp;Accretion expense |  | 398 |
| At end of period/year |  | 19212 |

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**7. PROPERTY AND EQUIPMENT, NET**

Property and equipment, net consisted of the following:

---

| | | |
|:---|:---|:---|
|  | **As of** | **As of** |
|  | **September 30,**<br> **2024** | **September 30,**<br> **2025** |
|  | **SGD** | **SGD** |
| At cost: |  |  |
| Office furniture |  | 9667 |
| Renovation |  | 6760 |
|  |  | 16427 |
| Less: accumulated depreciation |  | (2476) |
| Net book value: |  | 13951 |

---

Depreciation expenses recognized for the period/year ended September 30, 2024 and September 30, 2025, were SGDnil and SGD2,476, respectively and included in "general and administrative expenses" on the consolidated statements of operations and comprehensive income.

**8. DEFERRED TAX ASSET/ (LIABILITY)**

The following are the major deferred tax assets recognized by the Group and movements thereon during the current and prior reporting period.

---

| | | |
|:---|:---|:---|
|  | **As of September 30,** | **As of September 30,** |
|  | **2024** | **2025** |
|  | **SGD** | **SGD** |
| **Deferred tax asset/ (liability) recognized** |  |  |
| Excess of carrying amount of intangible asset over tax base | (4760) | (7933) |
| Excess of carrying amount of property and equipment over tax base |  | (510) |
| Asset retirement obligations |  | 2466 |
| Unabsorbed tax losses | 5039 |  |
|  | 279 | (5977) |

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**9.** **RELATED PARTY BALANCES AND TRANSACTIONS**

The Group's relationships with related parties who had transactions with the Group are summarized as follows:

---

| | |
|:---|:---|
| **Related Party Name** | **Relationship to the Group** |
| Ms. LIM Kiam Kiam | Sole director and ultimate shareholder of the Company and its subsidiaries |
| Ms. Joyce LAI Xin | Related party - Daughter to Ms. LIM Kiam Kiam |
| Mr. LAI Yun Jun | Related party - Son to Ms. LIM Kiam Kiam |

---

 ****

***Related party balances***

---

| | | |
|:---|:---|:---|
|  | **As of September 30,** | **As of September 30,** |
|  | **2024** | **2025** |
|  | **SGD** | **SGD** |
| **Amount due from a director** |  |  |
| Ms. LIM Kiam Kiam | 4429 | 63366 |
| **Contract liabilities - current** |  |  |
| Ms. LIM Kiam Kiam | 56 | 56 |
| Ms. Joyce LAI Xin | 56 | 56 |
| Mr. LAI Yun Jun | 56 | - |
|  | 168 | 112 |

---

The amount due from a director represents revenue receipt received on behalf of the Group by the director, net of expenses paid on behalf the Group. The amounts are fully settled after the balance sheet date. The contract liabilities represent unused website membership duration, which is recognized as revenue based on a time apportioned basis when the relevant performance obligations are delivered.

***Related party transactions***

 ****

---

| | | |
|:---|:---|:---|
|  | **For the period from September 26, 2023 (inception) to September 30, 2024** | **For the year ended September 30, 2025** |
|  | **SGD** | **SGD** |
| **Website membership income** |  |  |
| Ms. LIM Kiam Kiam | 112 | 168 |
| Ms. Joyce LAI Xin | 112 | 168 |
| Mr. LAI Yun Jun | 112 | 56 |
|  | 336 | 392 |

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**10. SHAREHOLDERS' EQUITY**

 ****

***Ordinary Shares***

On November 21, 2025, the Company was incorporated as a Cayman Islands business company under the laws of the Cayman Islands, with authorized share capital of US$50,000 divided into 500,000,000 ordinary shares of a par value US$0.0001 each. As of September 30, 2024 and 2025, the share capital was SGD1 and SGD1, respectively.

 ****

***Subscription Receivable***

The share subscription receivable presented the receivable for the issuance of ordinary shares of the Company and is reported as a deduction of equity and presented on a retroactive basis.

 ****

***Additional Paid-in Capital***

The additional paid-in capital represents the paid-in capital of a subsidiary under common control before completion of the Reorganization as described in Note 1.

**11.** **INCOME TAX**

**<u>Cayman</u>**

The Company is domiciled in the Cayman Island. Its locality currently enjoys permanent income tax holidays; accordingly, the Company do not accrue for income taxes.

**<u>British Virgin Islands</u>**

Under the current laws of the British Virgin Islands, companies are not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no British Virgin Islands withholding tax will be imposed.

**<u>Singapore</u>**

A company incorporated in Singapore is generally subject to Singapore corporate income tax on income accruing in or derived from Singapore and on foreign-sourced income received or deemed received in Singapore, unless an exemption applies. The applicable corporate income tax rate is 17% in Singapore, subject to applicable exemptions, deductions and reliefs. Subject to applicable conditions, Singapore companies may benefit from partial tax exemption under which 75% of the first S$10,000 of normal chargeable income and 50% of the next S$190,000 of normal chargeable income are exempt from income tax.

The following table sets forth current and deferred portion of income tax expense:

---

| | | |
|:---|:---|:---|
|  | **For the period from<br> September 26, 2023<br> (inception) to<br> September 30, 2024** | **For the year ended September 30, 2025** |
|  | **SGD** | **SGD** |
| Singapore: |  |  |
| Current income tax expense |  | 117780 |
| Deferred tax (credit) expense | (279) | 6256 |
| Total income tax (credit) expense | (279) | 124036 |

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Reconciliation between the income tax expense computed by applying Singapore statutory tax rate to income tax expense were as follows:

---

| | | |
|:---|:---|:---|
|  | **For the period from<br> September 26, 2023<br> (inception) to<br> September 30, 2024** | **For the year ended September 30, 2025** |
|  | **SGD** | **SGD** |
| (Loss) Income before income tax | (29641) | 1176194 |
| Tax at Singapore statutory tax rate of 17% | (5039) | 199953 |
| Tax effect of expenses not deductible for tax purpose | 4760 | 5971 |
| Tax-exempt income by Singapore |  | (80500) |
| Others |  | (1388) |
| Income tax (credit) expense | (279) | 124036 |

---

The Group's effective tax rate was (0.94%) and 10.55% for the period/year ended September 30, 2024 and 2025, respectively.

<u>Uncertain tax positions</u>

The Group evaluates each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measures the unrecognized benefits associated with the tax positions. As of September 30, 2024 and 2025, the Group did not have any significant unrecognized uncertain tax positions. The Group did not incur any interest and penalties related to potential underpaid income taxes for the period/year ended September 30, 2024 and 2025. The Group also does not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from September 30, 2025.

**12. REVENUE**

The following table presents revenue by major revenue type for the period/year ended September 30, 2024 and 2025, respectively:

---

| | | |
|:---|:---|:---|
|  | **For the period from<br> September 26, 2023<br> (inception) to<br> September 30, 2024** | **For the year ended September 30, 2025** |
| **Revenue by service line** | **SGD** | **SGD** |
| Geomancy consultancy services – Third parties | 61 | 545450 |
| Sales of curated products – Third parties | 35719 | 1144545 |
| Geomancy-themed events income – Third parties |  | 38472 |
| Website membership income – Third parties | 4615 | 5276 |
| Website membership income – Related parties | 336 | 392 |
|  | 40731 | 1734135 |

---

The following table presents revenue by recognition method for the period/year ended September 30, 2024 and 2025, respectively:

---

| | | |
|:---|:---|:---|
|  | **For the period from<br> September 26, 2023<br> (inception) to<br> September 30, 2024** | **For the year ended September 30, 2025** |
| **Revenue by recognition method** | **SGD** | **SGD** |
| Revenue recognized at a point in time | 35780 | 1728467 |
| Revenue recognized over time | 4951 | 5668 |
|  | 40731 | 1734135 |

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All revenue for the period/year ended September 30, 2024 and 2025 were generated in Singapore.

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**13. COMMITMENTS AND CONTINGENCIES** 

<u>Limitation and contingencies</u>

From time to time, the Group may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. Management is currently not aware of any such legal proceedings or claims that could have, individually or in the aggregate, a material adverse effect on the Group's business, financial condition, or operating results.

Other than those disclosed in Note 5, the Group had no other material commitments, contingent liabilities, or guarantees as of September 30, 2024 and 2025 and for the period/year ended September 30, 2024 and 2025, respectively.

**14. SUBSEQUENT EVENTS**

Except for the above, the Group has assessed all events from September 30, 2025, up through December 22, 2025, which is the date that these consolidated financial statements are available to be issued, there are no material subsequent events that require disclosure in these consolidated financial statements.

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**4,166,667** 

**Ordinary Shares**

**_______________________________**

PROSPECTUS

[ ], 2026

**_______________________________**

**No dealer, salesperson or any other person is authorized to give any information or make any representations in connection with this offering other than those contained in this prospectus and, if given or made, the information or representations must not be relied upon as having been authorized by us. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any security other than the securities offered by this prospectus, or an offer to sell or a solicitation of an offer to buy any securities by anyone in any jurisdiction in which the offer or solicitation is not authorized or is unlawful.**

**Through and including [ ], 2026 (the 25<sup>th</sup> day after the date of this prospectus), all dealers effecting transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.**

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**Part II**

**Information Not Required In Prospectus**

**ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.**

Cayman Islands law does not limit the extent to which a company's articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime. Under our post-offering memorandum and articles of association, which will become effective immediately prior to the completion of this offering, to the fullest extent permissible under Cayman Islands law every director and officer of our company shall be indemnified against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by him, other than by reason of such person's own dishonesty, willful default or fraud, in connection with the execution or discharge of his duties, powers, authorities or discretions as a director or officer of our company, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by him in defending (whether successfully or otherwise) any civil proceedings concerning our company or its affairs in any court whether in the Cayman Islands or elsewhere.

Pursuant to the form of indemnification agreements to be filed as Exhibit 10.2 to this Registration Statement, we will agree to indemnify our directors and officers against certain liabilities and expenses that they incur in connection with claims made by reason of their being a director or officer of our company.

The Underwriting Agreement, the form of which is filed as Exhibit 1.1 to this Registration Statement, will also provide for indemnification of the underwriter and its affiliates against liabilities relating to the offering arising under the Securities Act and the Exchange Act and to contribute to payments that the underwriters may be required to make for these liabilities.

Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended, may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**ITEM 7. RECENT SALES OF UNREGISTERED SECURITIES.**

There were no recent sales of unregistered securities.

**ITEM 8. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.**

(a) Exhibits

See Exhibit Index beginning on page II-3 of this registration statement.

(b) Financial Statement Schedules

Schedules have been omitted because the information required to be set forth therein is not applicable or is shown in the Combined and Consolidated Financial Statements or the Notes thereto.

**ITEM 9. UNDERTAKINGS.**

The undersigned registrant hereby undertakes to provide to the underwriter at the closing specified in the underwriting agreements, certificates in such denominations and registered in such names as required by the underwriter to permit prompt delivery to each purchaser.

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Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the provisions described in Item 6, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

The undersigned registrant hereby undertakes that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) For purposes of
determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this registration
statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant under Rule 424(b)(1) or (4) or 497(h)
under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

(2) For the purpose
of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial bona fide offering thereof.

[**Table of Contents**](#TOC_001)<br>

**Star Integratia Limited** 

**Exhibit Index**

---

| | |
|:---|:---|
| **Exhibit <br> Number** | **Description of Document** |
| 1.1 | [Form of Underwriting Agreement](ex1-1.htm) |
| 3.1 | [Memorandum and Articles of Association of the Company](ex3-1.htm) |
| 4.1 | [Registrant's Specimen Certificate for Ordinary Shares](ex4-1.htm) |
| 5.1 | [Opinion of Ogier regarding the validity of the Ordinary Shares being registered and certain Cayman Islands tax matters](ex5-1.htm) |
| 8.1 | [Opinion of Ogier as to Cayman Islands tax matters (included in Exhibit 5.1)](ex5-1.htm) |
| 8.2 | [Opinion of Chua & Partners as to Singapore tax matters (included in Exhibit 99.4)](ex99-4.htm) |
| 10.1 | [Employment Agreement between the Registrant and Ms. LIM Kiam Kiam, the Registrant's Chairlady and Director](ex10-1.htm) |
| 10.2 | [Employment Agreement between the Registrant and Ms. Joyce LAI Xin, the Registrant's Chief Executive Officer](ex10-2.htm) |
| 10.3\* | Employment Agreement between the Registrant and [ ], the Registrant's Chief Financial Officer |
| 10.4 | [Form of Independent Director Agreement between the Registrant and its Independent Directors](ex10-4.htm) |
| 10.5 | [Lease agreement of 62 Ubi Road 1, #06-03, Oxley Bizhub 2, Singapore 408734](ex10-5.htm) |
| 14.1 | [Code of Business Conduct and Ethics](ex14-1.htm) |
| 21.1 | [List of Subsidiaries](ex21-1.htm) |
| 23.1 | [Consent of AOGB CPA Limited, Independent Registered Public Accounting Firm](ex23-1.htm) |
| 23.2 | [Consent of Ogier (included in Exhibit 5.1)](ex5-1.htm) |
| 23.3 | [Consent of Chua & Partners (included in Exhibit 99.4)](ex99-4.htm) |
| 24.1 | [Power of Attorney (included on signature page)](#poa_001) |
| 99.1 | [Audit Committee Charter](ex99-1.htm) |
| 99.2 | [Nominating and Corporate Governance Committee Charter](ex99-2.htm) |
| 99.3 | [Compensation Committee Charter](ex99-3.htm) |
| 99.4 | [Opinion of Chua & Partners, Singapore counsel to the Registrant, regarding certain Singapore legal and tax matters](ex99-4.htm) |
| 99.5 | [Consent of Mr. LEE Geng Sheng Jason to Act as Independent Director](ex99-5.htm) |
| 99.6 | [Consent of Ms. TAN Li Hsia to Act as Independent Director](ex99-6.htm) |
| 99.7 | [Consent of Ms. LEE Foong Kwan to Act as Independent Director](ex99-7.htm) |
| 99.8 | [Executive Compensation Recovery Policy](ex99-8.htm) |
| 99.9 | [Insider Trading Policy](ex99-9.htm) |
| 107 | [Filing Fee Table](ex107.htm) |

---

\* To be filed by amendment.

[**Table of Contents**](#TOC_001)<br>

**Signatures**

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Singapore, on June 8, 2026.

---

| | |
|:---|:---|
| **Star Integratia Limited** | **Star Integratia Limited** |
| By: | */s/ LIM Kiam Kiam* |
| Name: | Ms. LIM Kiam Kiam |
| Title: | *Chairlady of the Board of Directors and Director* |

---

**Power of Attorney**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints LIM Kiam Kiam as an attorney-in-fact with full power of substitution, for him or her in any and all capacities, to do any and all acts and all things and to execute any and all instruments which said attorney and agent may deem necessary or desirable to enable the registrant to comply with the Securities Act of 1933, as amended (the "Securities Act"), and any rules, regulations and requirements of the Securities and Exchange Commission thereunder, in connection with the registration under the Securities Act of Ordinary Shares of the registrant (the "Shares"), including, without limitation, the power and authority to sign the name of each of the undersigned in the capacities indicated below to the Registration Statement on Form F-1 (the "Registration Statement") to be filed with the Securities and Exchange Commission with respect to such Shares, to any and all amendments or supplements to such Registration Statement, whether such amendments or supplements are filed before or after the effective date of such Registration Statement, to any related Registration Statement filed pursuant to Rule 462(b) under the Securities Act, and to any and all instruments or documents filed as part of or in connection with such Registration Statement or any and all amendments thereto, whether such amendments are filed before or after the effective date of such Registration Statement; and each of the undersigned hereby ratifies and confirms all that such attorney and agent shall do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| */s/ LIM Kiam Kiam* | Chairlady of the Board of Directors and Director | June 8, 2026 |
| Ms. LIM Kiam Kiam | (principal executive officer) |  |
| */s/ Joyce LAI Xin* | Chief Executive Officer | June 8, 2026 |
| Ms. Joyce LAI Xin | (principal executive officer) |  |
|  | Chief Financial Officer | June 8, 2026 |
| [ ] | (principal financial and principal accounting officer) |  |
| */s/ LEE Geng Sheng Jason* | Independent Director Nominee | June 8, 2026 |
| Mr. LEE Geng Sheng Jason |  |  |
| */s/ TAN Li Hsia* | Independent Director Nominee | June 8, 2026 |
| Ms. TAN Li Hsia |  |  |
| */s/ LEE Foong Kwan* | Independent Director Nominee | June 8, 2026 |
| Ms. LEE Foong Kwan |  |  |

---

[**Table of Contents**](#TOC_001)<br>

**Signature of Authorized Representative in the United States**

Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of Star Integratia Limited, has signed this registration statement or amendment thereto in New York, New York, United States on June 8, 2026.

---

| | |
|:---|:---|
| **Cogency Global Inc.**<br> Authorized U.S. Representative | **Cogency Global Inc.**<br> Authorized U.S. Representative |
| By: | */s/ Collen A. De Vries* |
| Name: | Collen A. De Vries |
| Title: | Senior Vice President on behalf of Cogency Global Inc. |

---

## Exhibit 1.1

**Exhibit 1.1**

**Star Integratia Limited**

**UNDERWRITING AGREEMENT**

**[ ] Class A Ordinary Shares by the Company**

[Date], 2026

Eddid Securities USA Inc.

40 Wall Street, Suite 1606,

New York, NY 10005

*As Representative of the Several Underwriters Named on Schedule I hereto*

Ladies and Gentlemen:

STAR INTEGRATIA LIMITED, a Cayman Islands exempted company with limited liability (the "<u>Company</u>") proposes, subject to the terms and conditions stated herein, to issue and sell to the underwriters named in **Schedule I** hereto (the "<u>Underwriters</u>," or each, an "<u>Underwriter</u>"), for whom Eddid Securities USA Inc. is acting as representative (the "<u>Representative</u>," and if there are no Underwriters other than the Representative, references to multiple Underwriters shall be disregarded and the term Representative as used herein shall have the same meaning as Underwriter), an aggregate of [ ] Class A ordinary shares, par value $0.0001 per share (the "<u>Ordinary Shares</u>"), of the Company (the "<u>Firm Shares</u>"). The Company has also granted to the Representative an option to purchase up to [●]<sup>1</sup> additional Ordinary Shares, on the terms and for the purposes set forth in Section 4(b) hereof (the "<u>Additional Shares</u>"). The Firm Shares and any Additional Shares purchased pursuant to this Agreement are herein collectively referred to as the "<u>Offered Securities</u>." The offering and sale of the Offered Securities contemplated by this Agreement is referred to herein as the "<u>Offering</u>."

The Company and the several Underwriters hereby confirm their agreement as follows:

***1.***  ***Registration Statement and Prospectus*** .

The Company has prepared and filed with the Securities and Exchange Commission (the "<u>Commission</u>") a registration statement covering the Securities on Form F-1 (File No.333-) under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), and the rules and regulations (the "<u>Rules and Regulations</u>") of the Commission thereunder, including a preliminary prospectus relating to the Offered Securities and such amendments to such registration statement (including post effective amendments) as may have been required to the date of this Agreement. Such registration statement, as amended (including any post effective amendments), has been declared effective by the Commission. Such registration statement, including amendments thereto (including post effective amendments thereto) and all documents and information deemed to be a part of the Registration Statement through incorporation by reference or otherwise at the time of effectiveness thereof (the "<u>Effective Time</u>"), the exhibits and any schedules thereto at the Effective Time or thereafter during the period of effectiveness and the documents and information otherwise deemed to be a part thereof or included therein by the Securities Act or otherwise pursuant to the Rules and Regulations at the Effective Time or thereafter during the period of effectiveness, is herein called the "<u>Registration Statement</u>." If the Company has filed or files an abbreviated registration statement pursuant to Rule 462(b) under the Securities Act (the "<u>Rule 462 Registration Statement</u>"), then any reference herein to the term Registration Statement shall include such Rule 462 Registration Statement. Any preliminary prospectus included in the Registration Statement or filed with the Commission pursuant to Rule 424(a) under the Securities Act is hereinafter called a "<u>Preliminary Prospectus</u>." The Preliminary Prospectus relating to the Offered Securities that was included in the Registration Statement immediately prior to the pricing of the Offering contemplated hereby is hereinafter called the "<u>Pricing Prospectus</u>."

<sup>1</sup> 15% of Firm Shares.

The Company is filing with the Commission pursuant to Rule 424 under the Securities Act a final prospectus covering the Offered Securities, which includes the information permitted to be omitted therefrom at the Effective Time by Rule 430A under the Securities Act. Such final prospectus, as so filed, is hereinafter called the "<u>Final Prospectus</u>." The Final Prospectus, the Pricing Prospectus and any Preliminary Prospectus in the form in which they were included in the Registration Statement or filed with the Commission pursuant to Rule 424 under the Securities Act is hereinafter called a "<u>Prospectus</u>." Reference made herein to any Preliminary Prospectus, the Pricing Prospectus or to the Prospectus shall be deemed to refer to and include any documents incorporated by reference therein.

***2.***  ***Representations and Warranties of the Company Regarding the Offering.*** 

(a) The Company represents and warrants to, and agrees with, the several Underwriters, as of the date hereof and as of the Closing Date (as defined in Section 4(d) below) or the Option Closing Date (as defined in Section 4(b) below) as the case may be, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **No Material Misstatements or Omissions**. At each time of effectiveness, at the date hereof, at the Closing Date or the Option Closing
 Date, the Registration Statement and any post-effective amendment thereto complied or will comply in all material respects with the
 requirements of the Securities Act and the Rules and Regulations and did not, does not, and will not, as the case may be, contain
 any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
 therein not misleading. The Time of Sale Disclosure Package (as defined below) as of the date hereof and at the Closing Date or Option
 Closing Date, any roadshow or investor presentations delivered to and approved by the Underwriters for use in connection with the
 marketing of the offering of the Offered Securities (the " <u>Marketing Materials</u> "), if any, and the Final Prospectus,
 as amended or supplemented, as of its date, at the time of filing pursuant to Rule 424(b) under the Securities Act, at the Closing
 Date or the Option Closing Date, did not, does not and will not contain any untrue statement of a material fact or omit to state
 a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under
 which they were made, not misleading. The representations and warranties set forth in the two immediately preceding sentences shall
 not apply to statements in or omissions from the Registration Statement, the Time of Sale Disclosure Package or any Prospectus in
 reliance upon, and in conformity with, written information furnished to the Company by the Underwriters specifically for use in the
 preparation thereof, which written information is described in Section 7(f). The Registration Statement contains all exhibits and
 schedules required to be filed by the Securities Act or the Rules and Regulations. No order preventing or suspending the effectiveness
 or use of the Registration Statement or any Prospectus is in effect and no proceedings for such purpose have been instituted or are
 pending, or, to the knowledge of the Company, are contemplated or threatened by the Commission.

(ii) **Marketing Materials**. The Company has not distributed any prospectus or other Offering material in connection with the offering and sale
 of the Offered Securities other than the Time of Sale Disclosure Package and the roadshow or investor presentations delivered to
 and approved by the Representative for use in connection with the marketing of the offering of the Offered Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **Accurate Disclosure**. (A) The Company has provided a copy to the Underwriters of each Issuer Free Writing Prospectus (as defined below)
 used in the sale of Offered Securities. The Company has filed all Issuer Free Writing Prospectuses required to be so filed with the
 Commission, and no order preventing or suspending the effectiveness or use of any Issuer Free Writing Prospectus is in effect and
 no proceedings for such purpose have been instituted or are pending, or, to the knowledge of the Company, are contemplated or threatened
 by the Commission. When taken together with the rest of the Time of Sale Disclosure Package or the Final Prospectus, no Issuer Free
 Writing Prospectus, as of its issue date and at all subsequent times though the completion of the public offer and sale of the Offered
 Securities, has, does or will include (1) any untrue statement of a material fact or omission to state any material fact necessary
 in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (2) information
 that conflicted, conflicts or will conflict with the information contained in the Registration Statement or the Final Prospectus.
 The representations and warranties set forth in the immediately preceding sentence shall not apply to statements in or omissions
 from the Time of Sale Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus in reliance upon, and in conformity
 with, written information furnished to the Company by any Underwriter specifically for use in the preparation thereof, which written
 information is described in Section 7(f). As used in this paragraph and elsewhere in this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) " <u>Time of Sale Disclosure Package</u> " means the Prospectus most recently filed with the Commission before the time of this Agreement,
 including any preliminary prospectus supplement deemed to be a part thereof, each Issuer Free Writing Prospectus, and the description
 of the transaction provided by the Underwriters included on **Schedule II**.

(2) " <u>Issuer Free Writing Prospectus</u> " means any "issuer free writing prospectus," as defined in Rule 433 under the Securities
 Act, relating to the Offered Securities that (A) is required to be filed with the Commission by the Company, or (B) is exempt from
 filing pursuant to Rule 433(d)(5)(i) or (d)(8) under the Securities Act, in each case in the form filed or required to be filed with
 the Commission or, if not required to be filed, in the form retained in the Company's records pursuant to Rule 433(g) under
 the Securities Act.

At the time of filing of the Registration Statement and at the date hereof, the Company was not and is not an "ineligible issuer," as defined in Rule 405 under the Securities Act or an "excluded issuer" as defined in Rule 164 under the Securities Act.

Each Issuer Free Writing Prospectus listed on **Schedule III** satisfied, as of its issue date and at all subsequent times through the Prospectus Delivery Period (as defined in Section 5(a) hereof), all other conditions as may be applicable to its use as set forth in Rules 164 and 433 under the Securities Act, including any legend, record-keeping or other requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) **Financial Statements**. The financial statements of the Company, together with the related notes and schedules, included in the Registration
 Statement, the Time of Sale Disclosure Package and the Final Prospectus comply in all material respects with the applicable requirements
 of the Securities Act and the Securities Exchange Act of 1934, as amended (the " <u>Exchange Act</u> "), and the rules
 and regulations of the Commission thereunder, and fairly present in all material respects the financial condition of the Company
 as of the dates indicated and the results of operations and changes in cash flows for the periods therein specified in accordance
 with generally accepted accounting principles in the United States of America (" <u>U.S. GAAP</u> "). No other financial
 statements, pro forma financial information or schedules are required under the Securities Act, the Exchange Act, or the Rules and
 Regulations to be included in the Registration Statement, the Time of Sale Disclosure Package or the Final Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) **Pro Forma Financial Information**. The pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure
 Package and the Final Prospectus include assumptions that provide a reasonable basis for presenting the significant effects directly
 attributable to the transactions and events described therein, the related pro forma adjustments give appropriate effect to those
 assumptions, and the pro forma adjustments reflect the proper application of those adjustments to the historical financial statements
 amounts in the pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package and the
 Final Prospectus. The pro forma financial statements included in the Registration Statement, the Time of Sale Disclosure Package
 and the Final Prospectus comply as to form in all material respects with the application requirements of Regulation S-X under the
 Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) **Independent Accountants.** To the Company's knowledge, AOGB CPA Limited, which has expressed its opinion with respect to the audited
 financial statements and schedules included as a part of the Registration Statement, the Time of Sale Disclosure Package and the
 Final Prospectus, is an independent public accounting firm with respect to the Company within the meaning of the Securities Act and
 the Rules and Regulations.

(vii) **Accounting Controls.** The Company and its subsidiaries will maintain a system of "internal control over financial reporting"
 (as defined under Rules 13a-15 and 15d-15 under the Exchange Act) that complies with the requirements of the Exchange Act and has
 been designed by, or under the supervision of, its principal executive and principal financial officer, or persons performing similar
 functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
 for external purposes in accordance with U.S. GAAP, including, but not limited to, internal accounting controls sufficient to provide
 reasonable assurance that (i) transactions are executed in accordance with management's general or specific authorizations;
 (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with U.S. GAAP and to maintain
 asset accountability; (iii) access to assets is permitted only in accordance with management's general or specific authorization;
 and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action
 is taken with respect to any differences.

(viii) **Forward-Looking Statements**. The Company had a reasonable basis for, and made in good faith, each "forward-looking statement" (within
 the meaning of Section 27A of the Securities Act or Section 21E of the Exchange Act) contained or incorporated by reference in the
 Registration Statement, the Time of Sale Disclosure Package, the Final Prospectus or the Marketing Materials.

(ix) **Statistical and Marketing-Related Data**. All statistical or market-related data included or incorporated by reference in the Registration
 Statement, the Time of Sale Disclosure Package or the Final Prospectus, or included in the Marketing Materials, are based on or derived
 from sources that the Company reasonably believes to be reliable and accurate, and the Company has obtained the written consent to
 the use of such data from such sources, to the extent required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) **Pursuant to the Exchange Act**. The Company has filed with the Commission a Form 8-A (File Number) providing for the registration pursuant
 to Section 12(b) under the Exchange Act of the Ordinary Shares. The registration of the Ordinary Shares under the Exchange Act has
 been declared effective by the Commission on or prior to the date hereof. The Company has taken no action designed to, or likely
 to have the effect of, terminating the registration of the Ordinary Shares under the Exchange Act, nor has the Company received any
 notification that the Commission is contemplating terminating such registration.

(xi) **Stock Exchange Listing**. The Ordinary Shares have been approved for listing on The Nasdaq Capital Market (" <u>Nasdaq</u> "),
 and the Company has taken no action designed to, or likely to have the effect of, delisting the Ordinary Shares from Nasdaq, nor
 has the Company received any written notification that Nasdaq is contemplating terminating such listing.

(xii) **Absence of Manipulation**. The Company has not taken, directly or indirectly, any action that is designed to or that has constituted or
 that would reasonably be expected to cause or result in the stabilization or manipulation of the price of any security of the Company
 to facilitate the sale or resale of the Offered Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) **Investment Company Act**. The Company is not and, after giving effect to the offering and sale of the Offered Securities and the application
 of the net proceeds thereof, will not be an "investment company," as such term is defined in the Investment Company Act
 of 1940, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) **Payments.** All payments to be made by the Company under this Agreement and, except as expressly disclosed in each of the Registration Statement,
 the Time of Sale Disclosure Package and the Prospectus, all dividends and other distributions on the Ordinary Shares (i) may, under
 the current laws and regulations of the Cayman Islands, British Virgin Islands, Singapore and the United States or any political
 subdivision or any authority or agency therein or thereof having power to tax, or of any other jurisdiction in which the Company
 is organized or incorporated, engaged in business or is otherwise resident for tax purposes or any political subdivision or any authority
 or agency therein or thereof having the power to tax (each, a " <u>Relevant Taxing Jurisdiction</u> "), be freely transferred
 out of the Relevant Taxing Jurisdiction and (ii) will, under the current laws and regulations of any Relevant Taxing Jurisdiction,
 not be subject to withholding or deduction of or on account of taxes and are otherwise payable free and clear of any withholding
 or deduction of or on account of taxes in each Relevant Taxing Jurisdiction and without the necessity of obtaining any governmental
 authorization in any Relevant Taxing Jurisdiction.

(xx) **Foreign Private Issuer.** The Company is a "foreign private issuer" (as such term is defined in the Rules and Regulations under
 the Securities Act and Exchange Act) and, as of the Effective Time, the conditions to the use of Form F-1 in connection with this
 offering and sale of the Offered Securities as contemplated hereby have been satisfied.

(b) Any certificate signed by any officer of the Company and delivered to the Underwriters or to counsel for the Underwriters shall be deemed a representation and warranty by the Company to the Underwriters as to the matters covered thereby.

***3.***  ***Representations and Warranties Regarding the Company.*** 

(a) The Company represents and warrants to, and agrees with, the several Underwriters, as of the date hereof and as of the Closing Date or the Option Closing Date as the case may be, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **Good Standing**. Each of the Company and its subsidiaries has been duly incorporated or organized and is validly existing as a company,
 corporation or other entity in good standing (or equivalent status in the relevant jurisdiction) under the laws of its jurisdiction
 of incorporation or organization. Each of the Company and its subsidiaries has the power and authority (corporate or otherwise) to
 own its properties and conduct its business as currently being carried on and as described in the Registration Statement, the Time
 of Sale Disclosure Package and the Prospectus, and is duly qualified to do business as a foreign corporation or other entity in good
 standing in each jurisdiction in which it owns or leases real property or in which the conduct of its business makes such qualification
 necessary, except where the failure to so qualify would not have or be reasonably likely to result in a material adverse effect upon
 the business, prospects, properties, operations, condition (financial or otherwise) or results of operations of the Company and its
 subsidiaries, taken as a whole, or in its ability to perform its obligations under this Agreement (" <u>Material Adverse Effect</u> ").

(ii) **Validity and Binding Effect of Agreement**. This Agreement has been duly and validly authorized by the Company, and, when executed and delivered,
 will constitute, the valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except:
 (i) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights
 generally; (ii) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities
 laws; and (iii) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the
 equitable defenses and to the discretion of the court before which any proceeding therefor may be brought.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **Contracts**.
 The execution, delivery and performance of this Agreement and the consummation of the transactions herein and therein contemplated
 will not (A) result in a breach or violation of any of the terms and provisions of, or constitute a default under, any law, order,
 rule or regulation to which the Company or any subsidiary is subject, or by which any property or asset of the Company or any subsidiary
 is bound or affected, except to the extent that such conflict, breach or default is not reasonably likely to result in a Material
 Adverse Effect, (B) conflict with, result in any violation or breach of, or constitute a default (or an event that with notice or
 lapse of time or both would become a default) under, or give to others any right of termination, amendment, acceleration or cancellation
 (with or without notice, lapse of time or both) (a " <u>Default Acceleration Event</u> ") of, any agreement, lease, credit
 facility, debt, note, bond, mortgage, indenture or other instrument (the " <u>Contracts</u> ") or obligation or other understanding
 to which the Company or any subsidiary is a party or by which any property or asset of the Company or any subsidiary is bound or
 affected, except to the extent that such conflict, default, or Default Acceleration Event is not reasonably likely to result in a
 Material Adverse Effect, or (C) result in a breach or violation of any of the terms and provisions of, or constitute a default under,
 the Company's Amended and Restated Memorandum and Articles of Association (" <u>Memorandum and Articles</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) **No Violations of Governing Documents**. Neither the Company nor any of its subsidiaries is in violation, breach or default under its
 Memorandum and Articles or other equivalent constitutional, organizational or governing documents.

(v) **Consents**.
 No consents, approvals, orders, authorizations or filings are required on the part of the Company in connection with the execution,
 delivery or performance of this Agreement and the issue and sale of the Offered Securities, except (A) the registration under the
 Securities Act of the Offered Securities, which has been effected, (B) the necessary filings and approvals from Nasdaq to list the
 Offered Securities, (C) such consents, approvals, authorizations, registrations or qualifications as may be required under state
 or foreign securities or Blue Sky laws and the rules of the Financial Industry Regulatory Authority, Inc. (" <u>FINRA</u> ")
 in connection with the purchase and distribution of the Offered Securities by the several Underwriters, (D) such consents and approvals
 as have been obtained and are in full force and effect, and (E) such consents, approvals, orders, authorizations and filings the
 failure of which to make or obtain is not reasonably likely to result in a Material Adverse Effect.

(vi) **Capitalization**.
 The Company and each subsidiary have an authorized capitalization as set forth in the Registration Statement, the Time of Sale Disclosure
 Package and the Final Prospectus. All of the issued and outstanding shares of the Company and each subsidiary are duly authorized
 and validly issued, fully paid and nonassessable, and have been issued in compliance with all applicable securities laws, and conform
 to the description thereof in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus. Since the
 respective dates as of which information is provided in the Registration Statement, the Time of Sale Disclosure Package or the Final
 Prospectus, the Company has not entered into or granted any convertible or exchangeable securities, options, warrants, agreements,
 contracts or other rights in existence to purchase or acquire from the Company any shares of the Company or any subsidiary. The Offered
 Securities have been duly authorized for issuance and sale and, when issued and paid for, will be validly issued, fully paid and
 non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Offered
 Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual
 rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Offered
 Securities has been duly and validly taken. The Offered Securities conform in all material respects to all statements with respect
 thereto contained in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) **Taxes**.
 Each of the Company and its subsidiaries has (a) filed all foreign, federal, state and local tax returns (as hereinafter defined)
 required to be filed with taxing authorities prior to the date hereof or has duly obtained extensions of time for the filing thereof
 (except where the failure to file would not, individually or in the aggregate, have a Material Adverse Effect) and (b) paid all taxes
 (as hereinafter defined) shown as due and payable on such returns that were filed and has paid all taxes imposed on or assessed against
 the Company or such respective subsidiary (except where the failure to pay would not, individually or in the aggregate, have a Material
 Adverse Effect). The provisions for taxes payable, if any, shown on the financial statements included in the Registration Statement,
 the Time of Sale Disclosure Package and the Final Prospectus are sufficient for all accrued and unpaid taxes, whether or not disputed,
 and for all periods to and including the dates of such consolidated financial statements. To the knowledge of the Company, no issues
 have been raised (and are currently pending) by any taxing authority in connection with any of the returns or taxes asserted as due
 from the Company or its subsidiaries, and no waivers of statutes of limitation with respect to the returns or collection of taxes
 have been given by or requested from the Company or its subsidiaries. The term " <u>taxes</u> " mean all federal, state,
 local, foreign, and other net income, gross income, gross receipts, sales, use, ad valorem, transfer, franchise, profits, license,
 lease, service, service use, withholding, payroll, employment, excise, severance, stamp, occupation, premium, property, windfall
 profits, customs, duties or other taxes, fees, assessments, or charges of any kind whatever, together with any interest and any penalties,
 additions to tax, or additional amounts with respect thereto. The term " <u>returns</u> " means all returns, declarations,
 reports, statements, and other documents required to be filed in respect to taxes.

(viii) **Material Change**. Since the respective dates as of which information is given in the Registration Statement, the Time of Sale Disclosure
 Package or the Final Prospectus, and except as disclosed in the Registration Statement, the Time of Sale Disclosure Package or the
 Final Prospectus, (a) neither the Company nor any of its subsidiaries has incurred any material liabilities or obligations, direct
 or contingent, or entered into any material transactions other than in the ordinary course of business, (b) the Company has not declared
 or paid any dividends or made any distribution of any kind with respect to its share capital; (c) there has not been any change in
 the issued share capital of the Company or any of its subsidiaries (other than a change in the number of outstanding Ordinary Shares
 due to the issuance of shares upon the exercise of outstanding options or warrants, upon the conversion of outstanding preferred
 shares or other convertible securities, due to the vesting of outstanding share grants or the issuance of restricted stock awards
 or restricted stock units under the Company's existing stock awards plan, or any new grants thereof in the ordinary course
 of business), (d) there has not been any material change in the Company's long-term or short-term debt, other than periodic
 accruals in the ordinary course pursuant to the terms of the Company's outstanding debt, and (e) there has not been the occurrence
 of any Material Adverse Effect.

(ix) **Absence of Proceedings**. There is no action, suit, proceeding, inquiry, arbitration, investigation, litigation or governmental proceeding
 pending or, to the Company's knowledge, threatened against, or involving the Company, any of its subsidiaries, or any executive
 officer or director which has not been disclosed in the Registration Statement, the Time of Sale Disclosure Package and the Final
 Prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) **Regulatory**.
 Except as described in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus: (i) neither the
 Company nor any subsidiary has received notice from any Governmental Entity (as defined below) alleging or asserting noncompliance
 with any Applicable Regulations (as defined below) or Authorizations (as defined below); (ii) the Company and each subsidiary is
 and has been in material compliance with federal, state or foreign statutes, laws, ordinances, rules and regulations applicable to
 the Company (collectively, " <u>Applicable Regulations</u> "); (iii) the Company and each subsidiary possesses all licenses,
 certificates, approvals, clearances, consents, authorizations, qualifications, registrations, permits, and supplements or amendments
 thereto required by any such Applicable Regulations and/or to carry on its businesses as now conducted (" <u>Authorizations</u> ")
 and such Authorizations are valid and in full force and effect and the Company and each subsidiary is not in violation of any term
 of any such Authorizations; (iv) neither the Company nor any subsidiary has received notice of any claim, action, suit, proceeding,
 hearing, enforcement, investigation, arbitration or other action from any Governmental Entity or third party alleging that any product,
 operation or activity is in violation of any Applicable Regulations or Authorizations or has any knowledge that any such Governmental
 Entity or third party is considering any such claim, litigation, arbitration, action, suit, investigation or proceeding, nor, has
 there been any material noncompliance with or violation of any Applicable Regulations by the Company or any subsidiary that could
 reasonably be expected to require the issuance of any such communication or result in an investigation, corrective action, or enforcement
 action by any Governmental Entity; and (v) neither the Company nor any subsidiary has received notice that any Governmental Entity
 has taken, is taking or intends to take action to limit, suspend, modify or revoke any Authorizations or has any knowledge that any
 such Governmental Entity has threatened or is considering such action. Neither the Company nor any subsidiary, nor to the Company's
 knowledge, any of its directors, officers, employees or agents has been convicted of any crime under any Applicable Regulations.
 " <u>Governmental Entity</u> " shall be defined as any arbitrator, court, governmental body, regulatory body, administrative
 agency or other authority, body or agency (whether foreign or domestic) having jurisdiction over the Company or its subsidiaries
 or any of its properties, assets or operations.

(xi) **Good Title**. The Company and each of its subsidiaries have good and marketable title to all property (whether real or personal) described
 in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus as being owned by them that are material
 to the business of the Company, in each case free and clear of all liens, claims, security interests, other encumbrances or defects,
 except those that are disclosed in the Registration Statement, the Time of Sale Disclosure Package or the Final Prospectus and those
 that are not reasonably likely to result in a Material Adverse Effect. The property held under lease by the Company and its subsidiaries
 is held by them under valid, subsisting and enforceable leases with only such exceptions with respect to any particular lease as
 do not interfere in any material respect with the conduct of the business of the Company and its subsidiaries.

(xii) **Intellectual Property**. The Company and each of its subsidiaries have, or have rights to use, all patents, patent applications, registered
 trademarks, trademark applications, registered service marks, registered trade names, trade secrets, inventions, registered copyrights,
 licenses and other intellectual property rights necessary for use, or currently used in connection with their respective businesses
 as described in the Registration Statement and which the failure to so have would have or reasonably be expected to result in a Material
 Adverse Effect (collectively, the " <u>Intellectual Property Rights</u> "). Neither the Company nor any subsidiary has
 received written notice that any of the Intellectual Property Rights has expired, terminated or been abandoned, or is expected to
 expire or terminate or be abandoned. Neither the Company nor any subsidiary has received, since the date of the latest audited financial
 statements included within the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus, a written notice
 of a claim or otherwise has any knowledge that the Intellectual Property Rights violate or infringe upon the rights of any person.
 To the knowledge of the Company, all such Intellectual Property Rights are enforceable and there is no existing infringement by another
 person of any of the Intellectual Property Rights. The Company and its subsidiaries have taken reasonable security measures to protect
 the secrecy, confidentiality and value of all of their intellectual properties, except where failure to do so would not, individually
 or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) **Employment Matters**. There is (A) to the Company's knowledge, no unfair labor practice complaint pending against the Company, or any
 of its subsidiaries, nor threatened against it or any of its subsidiaries, before the Singapore Ministry of Manpower and any state
 or local labor relation board or any foreign labor relations board, and no grievance or arbitration proceeding arising out of or
 under any collective bargaining agreement is so pending against the Company or any of its subsidiaries, or, to the Company's
 knowledge, threatened against it and (B) to the Company's knowledge, no labor disturbance by the employees of the Company or
 any of its subsidiaries exists or is imminent, and the Company is not aware of any existing or imminent labor disturbance by the
 employees of any of its or its subsidiaries, principal suppliers, manufacturers, customers or contractors, that could reasonably
 be expected, singularly or in the aggregate, to have a Material Adverse Effect. The Company is not aware that any key employee or
 significant group of employees of the Company or any subsidiary plans to terminate employment with the Company or any such subsidiary.

(xiv) **ERISA Compliance**. No "prohibited transaction" (as defined in Section 406 of the Employee Retirement Income Security Act
 of 1974, as amended, including the regulations and published interpretations thereunder (" <u>ERISA</u> "), or Section
 4975 of the Internal Revenue Code of 1986, as amended from time to time (the " <u>Code</u> ")) or "accumulated funding
 deficiency" (as defined in Section 302 of ERISA) or any of the events set forth in Section 4043(b) of ERISA (other than events
 with respect to which the thirty (30)-day notice requirement under Section 4043 of ERISA has been waived) has occurred or could reasonably
 be expected to occur with respect to any employee benefit plan of the Company or any of its subsidiaries which would reasonably be
 expected to, singularly or in the aggregate, have a Material Adverse Effect. Each employee benefit plan of the Company or any of
 its subsidiaries is in compliance in all material respects with applicable law, including ERISA and the Code. The Company and its
 subsidiaries have not incurred and could not reasonably be expected to incur liability under Title IV of ERISA with respect to the
 termination of, or withdrawal from, any pension plan (as defined in ERISA). Each pension plan for which the Company or any of its
 subsidiaries would have any liability that is intended to be qualified under Section 401(a) of the Code is so qualified, and, to
 the Company's knowledge, nothing has occurred, whether by action or by failure to act, which could, singularly or in the aggregate,
 cause the loss of such qualification.

(xv) **Environmental Matters**. The Company and its subsidiaries are in compliance with all foreign, federal, state and local rules, laws and regulations
 relating to the use, treatment, storage and disposal of hazardous or toxic substances or waste and protection of health and safety
 or the environment which are applicable to their businesses (" <u>Environmental Laws</u> "), except where the failure to
 comply has not had and would not reasonably be expected to have, singularly or in the aggregate, a Material Adverse Effect. There
 has been no storage, generation, transportation, handling, treatment, disposal, discharge, emission, or other release of any kind
 of toxic or other wastes or other hazardous substances by, due to, or caused by the Company or any of its subsidiaries (or, to the
 Company's knowledge, any other entity for whose acts or omissions the Company or any of its subsidiaries is or may otherwise
 be liable) upon any of the property now or previously owned or leased by the Company or any of its subsidiaries, or upon any other
 property, in violation of any law, statute, ordinance, rule, regulation, order, judgment, decree or permit or which would, under
 any law, statute, ordinance, rule (including rule of common law), regulation, order, judgment, decree or permit, give rise to any
 liability, except for any violation or liability which has not had and would not reasonably be expected to have, singularly or in
 the aggregate, a Material Adverse Effect; and there has been no disposal, discharge, emission or other release of any kind onto such
 property or into the environment surrounding such property of any toxic or other wastes or other hazardous substances with respect
 to which the Company or any of its subsidiaries has knowledge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) **SOX Compliance**. The Company has taken all actions it deems reasonably necessary or advisable to take on or prior to the date of this
 Agreement to assure that, upon and at all times after the Effective Date, it will be in compliance in all material respects with
 all applicable provisions of the Sarbanes-Oxley Act of 2002 and all rules and regulations promulgated thereunder or implementing
 the provisions thereof. (the " <u>Sarbanes-Oxley Act</u> ") that are then in effect and will take all action it deems reasonably
 necessary or advisable to assure that it will be in compliance in all material respects with other applicable provisions of the Sarbanes-Oxley
 Act not currently in effect upon it and at all times after the effectiveness of such provisions.

(xvii) **Money Laundering Laws**. The operations of the Company and its subsidiaries are and have been conducted at all times in compliance with
 applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as
 amended, the money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules,
 regulations or guidelines, issued, administered or enforced by any Governmental Entity (collectively, the " <u>Money Laundering Laws</u> "); and no action, suit or proceeding by or before any Governmental Entity involving the Company or any of its subsidiaries
 with respect to the Money Laundering Laws is pending or, to the knowledge of the Company, threatened.

(xviii) **Anti-Bribery and Corruption Laws.** Neither the Company nor any subsidiary, nor, to the knowledge of the Company, any director, officer, employee,
 representative, agent, affiliate of the Company, any subsidiary or any other person acting on behalf of the Company or any subsidiary,
 is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of the (i) Foreign
 Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the " <u>FCPA</u> "), including, without
 limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer,
 payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization
 of the giving of anything of value to any "foreign official" (as such term is defined in the FCPA) or any foreign political
 party or official thereof or any candidate for foreign political office, in contravention of the FCPA and the Company and, to the
 knowledge of the Company, its affiliates have conducted their businesses in compliance with the FCPA and have instituted and maintain
 policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith,
 or (ii) the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions or any similar
 laws in any other jurisdictions.

(xix) **Sanctions**.
 Neither the Company nor any subsidiary, nor to the knowledge of the Company, any director, officer, employee, representative, agent
 or affiliate of the Company or any of its subsidiaries or any other person acting on behalf of the Company or any subsidiary is currently
 subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (" <u>OFAC</u> "),
 or is otherwise a person whom transactions are currently prohibited under: (i) the laws and regulations administered by OFAC; (ii)
 any equivalent European Union measure, including sanctions imposed against certain states, organizations and individuals under the
 European Union's Common Foreign & Security Policy; (iii) any economic sanctions administered by His Majesty's Treasury;
 or (iv) any sanctions administered by the United Nations Security Council; or any other relevant sanctions authority (collectively,
 " <u>Sanctions</u> "); and neither the Company nor any subsidiary will directly or indirectly use the proceeds of the Offering,
 or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity,
 for the purpose of financing the activities of any person, or in any country or territory, that currently is the subject or target
 of Sanctions or in any other manner that will result in a violation by any person (including any person participating in the transaction
 whether as an underwriter, advisor, investor or otherwise) of Sanctions. Neither the Company nor any subsidiary will directly or
 indirectly use the proceeds of the offering of the Offered Securities contemplated hereby, or lend, contribute or otherwise make
 available such proceeds to any person or entity, for the purpose of financing the activities of any person currently subject to any
 U.S. sanctions administered by OFAC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) **Insurance**.
 Following the consummation of the Offering contemplated hereby, the Company and each subsidiary will carry insurance in such amounts
 and covering such risks as is adequate for the conduct of its business and the value of its properties and as is customary for companies
 engaged in similar businesses in similar industries.

(xxi) **Books and Records**. The minute books of the Company and each subsidiary have been made available to the Underwriters and counsel for
 the Underwriters, and such books (i) contain a complete summary of all meetings and actions of the board of directors (including
 each board committee) and shareholders of the Company and each subsidiary (or analogous governing bodies and interest holders, as
 applicable), since the time of its respective incorporation or organization through the date of the latest meeting and action, and
 (ii) accurately in all material respects reflect all transactions referred to in such minutes.

(xxii) **No Violation**. Neither the Company nor any its subsidiaries nor, to its knowledge, any other party is in violation, breach or default
 of any Contract that has resulted in or could reasonably be expected to result in a Material Adverse Effect.

(xxiii) **Continued Business**. No supplier, customer, distributor or sales agent of the Company or any subsidiary has notified the Company or any
 subsidiary that it intends to discontinue or decrease the rate of business done with the Company or any subsidiary, except where
 such discontinuation or decrease has not resulted in and could not reasonably be expected to result in a Material Adverse Effect.

(xxiv) **No Finder's Fee**. There are no claims, payments, issuances, arrangements or understandings for services in the nature of a
 finder's, consulting or origination fee with respect to the introduction of the Company to any Underwriter or the sale of the
 Offered Securities hereunder or any other arrangements, agreements, understandings, payments or issuances with respect to the Company
 that may affect the Underwriters' compensation, as defined by FINRA.

(xxv) **No Fees.** Except as disclosed to the Representative in writing, the Company has not made any direct or indirect payments (in cash,
 securities or otherwise) to (i) any person, as a finder's fee, investing fee or otherwise, in consideration of such person
 raising capital for the Company or introducing to the Company persons who provided capital to the Company, (ii) any FINRA member
 participating in the Offering as defined in FINRA Rule 5110(j)(15) (" <u>Participating FINRA Member</u> "), or (iii) any
 person or entity that has any direct or indirect affiliation or association with any Participating FINRA Member within the twelve
 (12) month period prior to the date on which the Registration Statement was filed with the Commission (" <u>Filing Date</u> ")
 or through the 60 day period after the Registration Statement is declared effective.

(xxvi) **Proceeds**.
 None of the net proceeds of the Offering will be paid by the Company to any Participating FINRA Member or any affiliate or associate
 of any Participating FINRA Member, except as specifically authorized herein.

(xxvii) **No FINRA Affiliations**. To the Company's knowledge and except as disclosed to the Representative in writing, no (i) officer
 or director of the Company or its subsidiaries, (ii) owner of 10% or more of any class of the Company's securities or (iii)
 owner of any amount of the Company's unregistered securities acquired within the 180-day period prior to the Filing Date, has
 any direct or indirect affiliation or association with any Participating FINRA Member. The Company will advise the Representative
 and counsel to the Underwriters if it becomes aware that any officer, director of the Company or its subsidiaries or any owner of
 10% or more of any class of the Company's securities is or becomes an affiliate or associated person of a FINRA member participating
 in the Offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxviii) **No Financial Advisor**. Other than the Underwriters, no person has the right to act as an underwriter or as a financial advisor to
 the Company in connection with the transactions contemplated hereby.

(xxix) **Cyber Security and Data Protection**. The information technology assets and equipment, computers, systems, networks, hardware, software,
 websites, applications, and databases of the Company and its subsidiaries (collectively, " <u>IT Systems</u> ") are adequate
 for, and operate and perform in all material respects as required in connection with the operations of the businesses of the Company
 and its subsidiaries as currently conducted, free and clear of all material bugs, errors, defects, Trojan horses, time bombs, malware
 and other corruptants; the Company and its subsidiaries have implemented and maintained commercially reasonable controls, policies,
 procedures, and safeguards to maintain and protect their material confidential information and the integrity, continuous operation,
 redundancy and security of all IT Systems and data (including all personal, personally identifiable, sensitive, confidential or regulated
 data (collectively, " <u>Personal Data</u> ")) used in connection with their businesses and implemented backup and disaster
 recovery technology consistent with industry standards and practice, and there have been no breaches, violations, outages, attack
 or unauthorized uses of or accesses to same; the Company and its subsidiaries are presently in material compliance with all applicable
 laws or statutes and all judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory authority,
 internal policies and contractual obligations relating to the privacy and security of IT Systems and Personal Data and to the protection
 of such IT Systems and Personal Data from unauthorized use, access, misappropriation or modification.

(xxx) **No Registration Rights**. Except as described in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus,
 there are no contracts, agreements or understandings between the Company and any person granting such person the right (other than
 rights which have been waived in writing or otherwise satisfied) to require the Company to file a registration statement under the
 Securities Act with respect to any securities of the Company owned or to be owned by such person or to require the Company to include
 such securities in the securities registered pursuant to the Registration Statement or in any securities being registered pursuant
 to any other registration statement filed by the Company under the Securities Act.

(xxxi) **Prior Sales of Securities**. Except as set forth in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus,
 the Company has not sold or issued any Ordinary Shares during the six-month period preceding the date hereof, including any sales
 pursuant to Rule 144A under, or Regulations D or S of, the Securities Act, other than shares issued pursuant to employee benefit
 plans, stock option plans or other employee compensation plans, pursuant to outstanding preferred shares, options, rights or warrants
 or other outstanding convertible securities or in connection with the vesting of any outstanding share grants.

(xxxii) **Jurisdiction.** The Company has the power to submit, and pursuant to this Agreement, has submitted, legally, validly, effectively and irrevocably,
 to the jurisdiction of the New York Supreme Court, County of New York, and the United States District Court for the Southern District
 of New York; and the Company has the power to designate, appoint and empower, and pursuant to this Agreement has, designated, appointed
 and empowered, validly, effectively and irrevocably, an agent for service of process in any suit or proceeding based on or arising
 under this Agreement in any U.S. Federal or New York State court in the Borough of Manhattan in the City of New York, as provided
 herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxxiii) **Immunity**.
 Neither the Company nor any of its subsidiaries, and none of their respective properties or assets, has any immunity from the jurisdiction
 of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution,
 executing or otherwise) under the laws of any jurisdiction in which it has been incorporated or in which any of its property or assets
 are held.

(xxxiv) **PFIC Status**. Subject to the qualifications, limitations, exceptions and assumptions set forth in the Registration Statement, the Time
 of Sale Disclosure Package and the Prospectus, the Company believes that it will not be a passive foreign investment company (a " <u>PFIC</u> "),
 as defined in section 1297 of the Internal Revenue Code of 1986, as amended, in its current taxable year and does not anticipate
 becoming a PFIC in future years.

***4.***  ***Purchase, Sale and Delivery of Offered Securities.*** 

(a) On the basis of the representations, warranties and agreements herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell the Firm Shares to the several Underwriters, and the several Underwriters agree, severally and not jointly, to purchase the Firm Shares set forth opposite the names of the Underwriters in Schedule I hereto. The purchase price for each Firm Share shall be $_____per share<sup>2</sup>.

(b) The Company hereby grants to the Underwriters an option (the "<u>Over-allotment Option</u>"), exercisable for 45 days from the effective date of the Registration Statement, to purchase up to an additional [●] Ordinary Shares, in each case solely for the purpose of covering over-allotments of such securities, if any. The exercise of the Over-allotment Option is at the Representative's sole discretion.

The Over-allotment Option granted pursuant to Section 4(b) hereof may be exercised by the Representative on or within 45 days from the effective date of the Registration Statement. The purchase price to be paid per Additional Share shall be equal to the price per Firm Share in Section 4(a). The Underwriters shall not be under any obligation to purchase any Additional Shares prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Representative, which shall be confirmed in writing via overnight mail or facsimile or other electronic transmission, setting forth the number of Additional Shares to be purchased and the date and time for delivery of and payment for the Additional Shares (the "<u>Option Closing Date</u>"), which shall not be later than five (5) full business days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative's counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Representative. If such delivery and payment for the Additional Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-allotment Option with respect to all or any portion of the Additional Shares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Underwriters the number of Additional Shares specified in such notice and (ii) the Underwriters shall purchase that portion of the total number of Additional Shares.

Payment for the Additional Shares shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, upon delivery to the Representative of certificates (in form and substance satisfactory to the Representative) representing the Additional Shares (or if uncertificated through the facilities of DTC) for the account of the Underwriters. The Company shall not be obligated to sell or deliver the Additional Shares except upon tender of payment by the Underwriters for applicable Additional Shares. The Option Closing Date may be simultaneous with, but not earlier than, the Closing Date; and in the event that such time and date are simultaneous with the Closing Date, the term "Closing Date" shall refer to the time and date of delivery of the Firm Shares and Additional Shares.

<sup>2</sup> 7% discount.

(c) The Offered Securities will be delivered by the Company to the Representative, for the respective accounts of the several Underwriters against payment of the purchase price therefor by wire transfer of same day funds payable to the order of the Company at the offices of Eddid Securities USA Inc., 40 Wall Street, Suite 1606, New York, NY 10005, or such other location as may be mutually acceptable, at 9:00 a.m. Eastern Time, on the second (or if the Offered Securities are priced, as contemplated by Rule 15c6-1(c) under the Exchange Act, after 4:30 p.m. Eastern time, the third) full business day following the date hereof, or at such other time and date as the Representative and the Company determine pursuant to Rule 15c6-1(a) under the Exchange Act. The time and date of delivery of the Firm Shares is referred to herein as the "<u>Closing Date</u>." On the Closing Date (or the Option Closing Date), (i) the Company shall allot and issue the Firm Shares (or Additional Shares), procure that its transfer agent write up its register of members to reflect such allotment and issue and (ii) the Company shall deliver the Firm Shares (or the Additional Shares) which shall be registered in the register of members of the Company in the name or names and shall be in such denominations as the Representative may request on behalf of the Underwriters at least one (1) business day before the Closing Date (or Option Closing Date), to the respective accounts of the several Underwriters, which delivery shall with respect to the Shares, be made through the facilities of the Depository Trust Company's Deposit or Withdrawal at Custodian ("<u>DWAC</u>") system.

(d) It is understood that the Representative has been authorized, for its own account and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Offered Securities the Underwriters have agreed to purchase. The Representative, individually and not as the Representative of the Underwriters, may (but shall not be obligated to) make payment for any Offered Securities to be purchased by any Underwriter whose funds shall not have been received by the Representative by the Closing Date (or the Option Closing Date), for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

***5.***  ***Covenants.*** 

(a) The Company covenants and agrees with the Underwriters as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Company shall prepare the Final Prospectus in a form approved by the Representative and file such Final Prospectus pursuant to Rule
 424(b) under the Securities Act not later than the Commission's close of business on the second business day following the
 execution and delivery of this Agreement, or, if applicable, such earlier time as may be required by the Rules and Regulations.

(ii) During
 the period beginning on the date hereof and ending on the later of the Closing Date or Option Closing Date or such date as determined
 by the Representative the Final Prospectus is no longer required by law to be delivered in connection with sales by an underwriter
 or dealer (the " <u>Prospectus Delivery Period</u> "), prior to amending or supplementing the Registration Statement, including
 any Rule 462 Registration Statement, the Time of Sale Disclosure Package or the Final Prospectus, the Company shall furnish to the
 Representative for review and comment a copy of each such proposed amendment or supplement, and the Company shall not file any such
 proposed amendment or supplement to which the Representative reasonably objects.

(iii) From
 the date of this Agreement until the end of the Prospectus Delivery Period, the Company shall promptly advise the Representative
 in writing (A) of the receipt of any comments of, or requests for additional or supplemental information from, the Commission, (B)
 of the time and date of any filing of any post-effective amendment to the Registration Statement or any amendment or supplement to
 the Time of Sale Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus, (C) of the time and date that any
 post-effective amendment to the Registration Statement becomes effective and (D) of the issuance by the Commission of any stop order
 suspending the effectiveness of the Registration Statement or of any order preventing or suspending its use or the use of the Time
 of Sale Disclosure Package, the Final Prospectus or any Issuer Free Writing Prospectus, or of any proceedings to remove, suspend
 or terminate from listing or quotation the Ordinary Shares from any securities exchange upon which it is listed for trading or included
 or designated for quotation, or of the threatening or initiation of any proceedings for any of such purposes. If the Commission shall
 enter any such stop order at any time during the Prospectus Delivery Period, the Company will use its reasonable efforts to obtain
 the lifting of such order at the earliest possible moment. Additionally, the Company agrees that it shall comply with the provisions
 of Rules 424(b), 430A, 430B or 430C as applicable, under the Securities Act and will use its reasonable efforts to confirm that any
 filings made by the Company under Rule 424(b) or Rule 433 were received in a timely manner by the Commission (without reliance on
 Rule 424(b)(8) or 164(b) of the Securities Act).

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|:---|:---|
| (iv) | (A) During the Prospectus Delivery Period, the Company will comply with all requirements imposed upon it by the Securities Act, as now and hereafter amended, and by the Rules and Regulations, as from time to time in force, and by the Exchange Act, as now and hereafter amended, so far as necessary to permit the continuance of sales of or dealings in the Offered Securities as contemplated by the provisions hereof, the Time of Sale Disclosure Package, the Registration Statement and the Final Prospectus. If during the Prospectus Delivery Period any event occurs the result of which would cause the Final Prospectus (or if the Final Prospectus is not yet available to prospective purchasers, the Time of Sale Disclosure Package) to include an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances then existing, not misleading, or if during such period it is necessary or appropriate in the opinion of the Company or its counsel or the Representative or counsel to the Underwriters to amend the Registration Statement or supplement the Final Prospectus (or if the Final Prospectus is not yet available to prospective purchasers, the Time of Sale Disclosure Package) to comply with the Securities Act, the Company will promptly notify the Representative, allow the Representative the opportunity to provide reasonable comments on such amendment, prospectus supplement or document, and will amend the Registration Statement or supplement the Final Prospectus (or if the Final Prospectus is not yet available to prospective purchasers, the Time of Sale Disclosure Package) or file such document (at the expense of the Company) so as to correct such statement or omission or effect such compliance. |
|  | (B) If at any time during the Prospectus Delivery Period there occurred or occurs an event or development the result of which such Issuer Free Writing Prospectus conflicted or would conflict with the information contained in the Registration Statement or any Prospectus or included or would include, when taken together with the Time of Sale Disclosure Package, an untrue statement of a material fact or omitted or would omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances prevailing at that subsequent time, not misleading, the Company will promptly notify the Representative and will promptly amend or supplement, at its own expense, such Issuer Free Writing Prospectus to eliminate or correct such conflict, untrue statement or omission. |
| (v) | The Company shall take or cause to be taken all necessary action to qualify the Offered Securities for sale under the securities laws of such jurisdictions as the Representative reasonably designates and to continue such qualifications in effect so long as required, except that the Company shall not be required in connection therewith to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified, to execute a general consent to service of process in any state or to subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise subject. |
| (vi) | The Company will furnish to the Underwriters and counsel to the Underwriters copies of the Registration Statement, each Prospectus, any Issuer Free Writing Prospectus, and all amendments and supplements to such documents, in each case as soon as available and in such quantities as the Underwriters may from time to time reasonably request. |
| (vii) | The Company will make generally available to its shareholders as soon as practicable, but in any event not later than 15 months after the end of the Company's current fiscal quarter, an earnings statement (which need not be audited) covering a 12-month period that shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 of the Rules and Regulations. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) The
 Company, whether or not the transactions contemplated hereunder are consummated or this Agreement is terminated, will pay or cause
 to be paid all expenses relating to the Offering, including, without limitation, (A) all filing fees and expenses relating to the
 registration of the Offered Securities with the Commission, (B) all FINRA public offering filing fees, (C) all fees and expenses
 relating to the listing of the Ordinary Shares on Nasdaq, (D) all fees, expenses, and disbursements relating to the registration
 or qualification of the Offered Securities under the "blue sky" securities laws of such states and other jurisdictions
 as the Representative may reasonably designate (including, without limitation, all filing and registration fees, and the reasonable
 fees and disbursements of the Company's "blue sky" counsel) unless such filings are not required in connection
 with the Company's proposed Nasdaq listing, (E) all fees, expenses and disbursements relating to the registration, qualification
 or exemption of the Offered Securities under the securities law of such foreign jurisdiction as the Representative may reasonably
 designate, (F) the costs of all mailing and printing of the Offering documents, (G) transfer and/or stamp taxes, if any, payable
 upon the transfer of Offered Securities from the Company to the Representative, (H) the fees and expenses of the Company's
 counsel and accountants, and (I) a maximum of $300,000 (" <u>Accountable Expense Allowance</u> ") for fees and expenses
 including "road show," background checks, diligence, and reasonable legal fees and disbursements for the Representative's
 counsel of up to $120,000 (the " <u>Accountable Expenses</u> ") and up to $[ ] for clearing agent fees. Notwithstanding
 the foregoing, any advance previously paid by the Company to the Representative, which the Company and the Representative acknowledge
 is in the amount of [$100,000] (the " <u>Advance</u> "), shall be applied towards the Accountable Expense Allowance set
 forth herein; provided that the Representative will reimburse the Company for any remaining portion of the Advance to the extent
 such amount of the Advance was not used for the Accountable Expenses actually incurred by the Representative in the Offering. If
 this Agreement is terminated, the Company will reimburse the Representative for reasonable fees and disbursements of counsel incurred
 by the Underwriters in connection with their investigation, preparing to market and marketing the Offered Securities or in contemplation
 of performing its obligations hereunder.

(ix) The
 Company intends to apply the net proceeds from the sale of the Offered Securities to be sold by it hereunder for the purposes set
 forth in the Registration Statement, the Time of Sale Disclosure Package and the Final Prospectus under the heading "Use of
 Proceeds".

(x) The
 Company has not taken and will not take, directly or indirectly, during the Prospectus Delivery Period, any action designed to or
 which might reasonably be expected to cause or result in, or that has constituted, the stabilization or manipulation of the price
 of any security of the Company to facilitate the sale or resale of the Offered Securities.

(xi) The
 Company represents and agrees that, unless it obtains the prior written consent of the Representative and each Underwriter, it has
 not made and will not make any offer relating to the Offered Securities that would constitute an Issuer Free Writing Prospectus;
 provided that the prior written consent of the parties hereto shall be deemed to have been given in respect of the free writing prospectuses
 included in **Schedule III**. Any such free writing prospectus consented to by the Company and the Representative is hereinafter
 referred to as a " <u>Permitted Free Writing Prospectus</u>." The Company represents that it has treated or agrees that
 it will treat each Permitted Free Writing Prospectus as an "issuer free writing prospectus," as defined in Rule 433,
 and has complied or will comply with the requirements of Rule 433 applicable to any Permitted Free Writing Prospectus, including
 timely Commission filing where required, legending and record-keeping.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) The
 Company, on behalf of itself and any successor entity, agrees that, without the prior written consent of the Representative (such
 consent not be unreasonably withheld or delayed), it will not, for a period of 180 days from the commencement of sales of the Ordinary
 Shares on the Nasdaq (the " <u>Lock-Up Period</u> "), (i) offer, pledge, sell, contract to sell, sell any option or contract
 to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer
 or dispose of, directly or indirectly, any shares of the Company or any securities convertible into or exercisable or exchangeable
 for shares of the Company; (ii) file or caused to be filed any registration statement with the Commission relating to the offering
 of any shares of the Company or any securities convertible into or exercisable or exchangeable for shares of the Company; (iii) complete
 any offering of debt securities of the Company, other than entering into a line of credit with a traditional bank or (iv) enter into
 any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of issued
 share capital of the Company, whether any such transaction described in clause (i), (ii), (iii) or (iv) above is to be settled by
 delivery of shares of the Company or such other securities, in cash or otherwise. The restrictions contained in the preceding sentence
 shall not apply to (i) the Ordinary Shares to be sold hereunder, (ii) the issuance by the Company of Ordinary Shares upon the exercise
 of a stock option or warrant or the conversion of a security outstanding on the date hereof, which is disclosed in the Registration
 Statement, the Time of Sale Disclosure Package and the Final Prospectus, the terms of which option, warrant or other outstanding
 convertible security are not thereafter amended, (iii) the adoption of an equity incentive plan, the grant of options and/or restricted
 stock grants thereunder, and the filing of a registration statement on Form S-8 at least sixty (60) days after the Closing Date;
 provided, however, that any sales by parties to the Lock-Up Agreements (as defined in Section 6(i)) shall be subject to the Lock-Up
 Agreements and (iv) issuance of securities in connection with an acquisition or a strategic relationship; provided that none of such
 securities shall be saleable in the public market until the expiration of the Lock-Up Period described above unless otherwise approved
 by the Underwriters.

(xiii) To
 engage and maintain, at its expense, a registrar and transfer agent for the Ordinary Shares (if other than the Company).

(xiv) To
 use its reasonable best efforts to maintain the listing of the Ordinary Shares on Nasdaq.

(xv) To
 not take, directly or indirectly, any action designed to cause or result in, or that has constituted or might reasonably be expected
 to constitute, under the Exchange Act or otherwise, the stabilization or manipulation of the price of any securities of the Company
 to facilitate the sale or resale of the Offered Securities.

(xvi) The
 Company further agrees that, in addition to the expenses payable pursuant to Section 5(a)(viii), on the Closing Date, it shall pay
 to the Representative, by deduction from the net proceeds of the Offering contemplated herein, a non-accountable expense allowance
 equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Offered Securities; provided, however,
 that in the event that the Offering is terminated, the Company agrees to reimburse the Underwriters pursuant to Section 5(a)(viii)
 and Section 9 hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) If,
 from the date of the listing of the Ordinary Shares of the Company on Nasdaq until the 12-month anniversary following the consummation
 of the Offering (but no longer than three years from the commencement of sales of the Offering), the Company or any of its subsidiaries
 decides to raise funds in the U.S. by means of a public offering (including through an at-the-market facility) or a private placement
 or any other capital-raising financing of equity, equity-linked or debt securities using an underwriter or placement agent, Representative
 (or any affiliate designated by the Representative) shall have the first right to act as sole book-running manager, sole underwriter
 or sole placement agent for such financing (the " <u>Right of First Refusal</u> "). Each of the transactions described
 in the foregoing sentence is a " <u>Subject Transaction</u> " and the rights granted to the Representative in this Section
 5(xvii) are individually and collectively the " <u>Right of First Refusal</u> ".

The Company shall notify the Representative of its intention to pursue a Subject Transaction, including the material terms thereof, by providing written notice thereof by email, registered mail or overnight courier service addressed to the Representative. If the Representative fails to exercise the Right of First Refusal with respect to any Subject Transaction within five (5) business days after the mailing of such written notice, then the Representative shall have no further claim or right with respect to the Subject Transaction. The Representative may elect, in its sole and absolute discretion, not to exercise its Right of First Refusal with respect to any Subject Transaction; provided that any such election by the Representative shall not adversely affect the Representative's Right of First Refusal with respect to any other Subject Transaction during the one (1) year period agreed to above. If the Representative does not elect to exercise the Right of First Refusal and the material terms of the Subject Transaction are subsequently materially modified as to scope and nature, then the Company shall resubmit the proposed modified terms of the Subject Transaction in writing to the Representative, and the Representative shall have five (5) business days after receipt of such written notice to advise the Company of its election to participate in the proposed transaction.

The Representative's Right of First Refusal is subject to the Company's right of "termination for cause," which shall include the Representative's material failure to provide the underwriting services contemplated in this Underwriting Agreement. The Company's exercise of its right of "termination for cause" eliminates any obligation with respect to the Right of First Refusal.

***6.***  ***Conditions of the Underwriter's Obligations.*** 

The respective obligations of the several Underwriters hereunder to purchase the Offered Securities are subject to the accuracy, as of the date hereof and at all times through the Closing Date or Option Closing Date (as if made on the Closing Date or Option Closing Date), of and compliance with all representations, warranties and agreements of the Company contained herein, the performance by the Company of their obligations hereunder and the following additional conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If
 filing of the Final Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, is required under
 the Securities Act or the Rules and Regulations, the Company shall have filed the Final Prospectus (or such amendment or supplement)
 or such Issuer Free Writing Prospectus with the Commission in the manner and within the time period so required (without reliance
 on Rule 424(b)(8) or 164(b) under the Securities Act); the Registration Statement shall remain effective; no stop order suspending
 the effectiveness of the Registration Statement or any part thereof, any Rule 462 Registration Statement, or any amendment thereof,
 nor suspending or preventing the use of the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free
 Writing Prospectus shall have been issued; no proceedings for the issuance of such an order shall have been initiated or threatened
 by the Commission; any request of the Commission or the Representative for additional information (to be included in the Registration
 Statement, the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus, any Issuer Free Writing Prospectus or otherwise)
 shall have been complied with to the satisfaction of the Representative.

(b) The
 Ordinary Shares shall be approved for listing on Nasdaq, and satisfactory evidence thereof shall have been provided to the Representative
 and its counsel.

(c) FINRA
 shall have raised no objection to the fairness and reasonableness of the underwriting terms and arrangements.

(d) The
 Representative shall not have reasonably determined, and advised the Company, that the Registration Statement, the Time of Sale Disclosure
 Package, any Prospectus, the Final Prospectus, or any amendment thereof or supplement thereto, or any Issuer Free Writing Prospectus,
 contains an untrue statement of fact which, in the reasonable opinion of the Representative, is material, or omits to state a fact
 which, in the reasonable opinion of the Representative, is material and is required to be stated therein or necessary to make the
 statements therein not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) On
 the Closing Date (or Option Closing Date), there shall have been furnished to the Representative on behalf of the Underwriters the
 opinion and negative assurance letters of Loeb & Loeb LLP, U.S. securities counsel to the Company, related to the Company and
 the Offered Securities, dated the Closing Date (or Option Closing Date), and addressed to the Underwriters, in form and substance
 reasonably satisfactory to the Representative.

(f) On
 the Closing Date (or Option Closing Date), there shall have been furnished to the Representative on behalf of the Underwriters the
 opinion and negative assurance letters of Ogier, Cayman Islands [and British Virgin Islands counsel] to the Company, related to the
 Company, Integratia Group Limited and the Offered Securities, dated the Closing Date (or Option Closing Date), and addressed to the
 Underwriters, in form and substance reasonably satisfactory to the Representative.

(g) On
 the Closing Date (or Option Closing Date), there shall have been furnished to the Representative on behalf of the Underwriters the
 opinion and negative assurance letters of Chua & Partners, Singapore counsel, related to the Company and the Shares, dated the
 Closing Date (or Option Closing Date), as applicable, and addressed to the Underwriters, in form and substance reasonably satisfactory
 to the Representative.

(h) The
 Underwriters shall have received a letter from AOGB CPA Limited, on the date hereof and on the Closing Date (or Option Closing Date),
 addressed to the Underwriters, confirming that it is independent public accountants within the meaning of the Securities Act and
 are in compliance with the applicable requirements relating to the qualifications of accountants under Rule 2-01 of Regulation S-X
 of the Commission, and confirming, as of the date of each such letter (or, with respect to matters involving changes or developments
 since the respective dates as of which specified financial information is given in the Registration Statement, the Time of Sale Disclosure
 Package and the Final Prospectus, as of a date not prior to the date hereof or more than five (5) days prior to the date of such
 letter), the conclusions and findings of said firm with respect to the financial information and other matters required by the Underwriters.

(i) On
 the Closing Date (or Option Closing Date), there shall have been furnished to the Underwriters a certificate, dated the Closing Date
 (or Option Closing Dater) and addressed to the Underwriters, signed by the chief executive officer and the chief financial officer
 of the Company, in their capacity as officers of the Company, to the effect that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 representations and warranties of the Company in this Agreement that are qualified by materiality or by reference to any Material
 Adverse Effect are true and correct in all respects, and all other representations and warranties of the Company in this Agreement
 are true and correct, in all material respects, as if made at and as of the Closing Date (or Option Closing Date), and the Company
 has complied in all material respects with all the agreements and satisfied all the conditions on its part required to be performed
 or satisfied at or prior to the Closing Date (or Option Closing Date);

(ii) No
 stop order or other order (A) suspending the effectiveness of the Registration Statement or any part thereof or any amendment thereof,
 (B) suspending the qualification of the Offered Securities for offering or sale, or (C) suspending or preventing the use of the Time
 of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, has been issued, and no proceeding
 for that purpose has been instituted or, to their knowledge, is contemplated by the Commission or any state or regulatory body; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) There
 has been no occurrence of any event resulting or reasonably likely to result in a Material Adverse Effect during the period from
 and after the date of this Agreement and prior to the Closing Date (or Option Closing Date).

On the Closing Date (or Option Closing Date), there shall have been furnished to the Underwriters a certificate, dated the Closing Date (or Option Closing Date) and addressed to the Underwriters, signed by the Company's secretary to the effect that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) that
 the Company's Memorandum and Articles attached to such certificate is true and complete, has not been modified and is in full
 force and effect;

(v) that
 each of its subsidiaries' memorandum and articles of association, or charter documents attached to such certificate is true
 and complete, has not been modified and is in full force and effect;

(vi) that
 the resolutions of the Company's board of directors relating to this Offering attached to such certificate are in full force
 and effect and have not been modified; and

(iv) the
 Company and each of its subsidiaries is in good standing accompanied by the relevant Certificates of Good Standing dated the Closing
 Date (or Option Closing Date).

The documents referred to in such certificate shall be attached to such certificate.

(j) On
 or before the date hereof, the Representative shall have received duly executed lock-up agreements or lock-up/leak-out agreements,
 substantially in the forms of **Exhibit A** hereto (each a " <u>Lock-Up Agreement</u> " or <u>Lock-Up/Leak-Out</u> Agreement
 as the case may be), by and between the Representative and each of the parties specified in **Schedule IV.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The
 Company shall have furnished to the Representative and its counsel such additional documents, certificates and evidence as the Representative
 and its counsel may have reasonably requested.

(l) The
 Company shall deliver or cause the Offered Securities to be delivered by the Company to the Representative at the Closing Date (or
 Option Closing Date), which shares shall be delivered via The Depository Trust Company Deposit or Withdrawal at Custodian system
 for the accounts of the several Underwriters.

If any condition specified in this Section 6 shall not have been fulfilled when and as required to be fulfilled, this Agreement may be terminated by the Representative by notice to the Company at any time at or prior to the Closing Date (or Option Closing Date), and such termination shall be without liability of any party to any other party, except that Section 5(a)(viii), Section 7 and Section 8 shall survive any such termination and remain in full force and effect.

***7.***  ***Indemnification and Contribution.*** 

(a) The Company agrees, to the fullest extent permissible by applicable law, indemnify, defend and hold harmless each Underwriter, its affiliates, and the respective controlling persons, directors, officers, members, shareholders, agents and employees, and each person, if any, who controls such Underwriter within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any losses, claims, damages or liabilities to which such Underwriter or such person may become subject, under the Securities Act or otherwise (including in settlement of any litigation if such settlement is effected with the written consent of the Company), insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon (i) an untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, including the information deemed to be a part of the Registration Statement at the time of effectiveness and at any subsequent time pursuant to Rules 430A and 430B of the Rules and Regulations, or arise out of or are based upon the omission from the Registration Statement, or alleged omission to state therein, a material fact required to be stated therein or necessary to make the statements therein not misleading (ii) an untrue statement or alleged untrue statement of a material fact contained in the Time of Sale Disclosure Package, any oral or written communication with potential investors undertaken in reliance on Section 5(d) of the Securities Act ("<u>Written Testing-the-Waters Communications</u>"), any Prospectus, the Final Prospectus, or any amendment or supplement thereto, any Issuer Free Writing Prospectus, or the Marketing Materials or in any other materials used in connection with the offering of the Offered Securities, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, (iii) in whole or in part, any inaccuracy in the representations and warranties of the Company contained herein, or (iv) in whole or in part, any failure of the Company to perform its obligations hereunder or under law, and will reimburse each Underwriter for any legal or other expenses reasonably incurred by it in connection with evaluating, investigating or defending against such loss, claim, damage, liability or action; *provided, however*, that the Company shall not be liable in any such case to the extent that any such loss, claim, damage, liability or action arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in the Registration Statement, the Time of Sale Disclosure Package, any Written Testing-the-Waters Communications, any Prospectus, the Final Prospectus, or any amendment or supplement thereto or any Issuer Free Writing Prospectus, in reliance upon and in conformity with written information furnished to the Company by such Underwriter specifically for use in the preparation thereof, which written information is described in Section 7(f).

(b) Each Underwriter, severally and not jointly, will indemnify, defend and hold harmless the Company, its affiliates, directors, officers and employees, and each person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any losses, claims, damages or liabilities to which the Company may become subject, under the Securities Act or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of such Underwriter), insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus, or any amendment or supplement thereto or any Issuer Free Writing Prospectus, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Registration Statement, the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus, or any amendment or supplement thereto or any Issuer Free Writing Prospectus in reliance upon and in conformity with written information furnished to the Company or by such Underwriter specifically for use in the preparation thereof, which written information is described in Section 7(f), and will reimburse the Company for any legal or other expenses reasonably incurred by the Company in connection with evaluating, investigating, and defending against any such loss, claim, damage, liability or action. The obligation of each Underwriter to indemnify the Company (including any controlling person, director or officer thereof) shall be limited to the amount of the underwriting discount applicable to the Offered Securities to be purchased by such Underwriter hereunder actually received by such Underwriter.

(c) Promptly after receipt by an indemnified party under subsection (a) or (b) above of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under such subsection, notify the indemnifying party in writing of the commencement thereof, but the failure to notify the indemnifying party shall not relieve the indemnifying party from any liability that it may have to any indemnified party except to the extent such indemnifying party has been materially prejudiced by such failure. In case any such action shall be brought against any indemnified party, and it shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate in, and, to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party, and after notice from the indemnifying party to such indemnified party of the indemnifying party's election so to assume the defense thereof, the indemnifying party shall not be liable to such indemnified party under such subsection for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof; *provided*, *however*, that if (i) the indemnified party has reasonably concluded (based on advice of counsel) that there may be legal defenses available to it or other indemnified parties that are different from or in addition to those available to the indemnifying party, (ii) a conflict or potential conflict exists (based on advice of counsel to the indemnified party) between the indemnified party and the indemnifying party (in which case the indemnifying party will not have the right to direct the defense of such action on behalf of the indemnified party), or (iii) the indemnifying party has not in fact employed counsel reasonably satisfactory to the indemnified party to assume the defense of such action within a reasonable time after receiving notice of the commencement of the action, the indemnified party shall have the right to employ a single counsel to represent it in any claim in respect of which indemnity may be sought under subsection (a) or (b) of this Section 7, in which event the reasonable fees and expenses of such separate counsel shall be borne by the indemnifying party or parties and reimbursed to the indemnified party as incurred.

The indemnifying party under this Section 7 shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party against any loss, claim, damage, liability or expense by reason of such settlement or judgment. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement, compromise or consent to the entry of judgment in any pending or threatened action, suit or proceeding in respect of which any indemnified party is a party or could be named and indemnity was or would be sought hereunder by such indemnified party, unless such settlement, compromise or consent (a) includes an unconditional release of such indemnified party from all liability for claims that are the subject matter of such action, suit or proceeding and (b) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified party.

(d) If the indemnification provided for in this Section 7 is unavailable or insufficient to hold harmless an indemnified party under subsection (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or liabilities referred to in subsection (a) or (b) above, (i) in such proportion as is appropriate to reflect the relative benefits received by the Company on the one hand and the Underwriters on the other from the offering and sale of the Offered Securities or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Company on the one hand and the Underwriters on the other in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative benefits received by the Company on the one hand and the Underwriters on the other shall be deemed to be in the same proportion as the total net proceeds from the Offering (before deducting expenses) received by the Company bear to the total underwriting discount received by the Underwriters, in each case as set forth in the table on the cover page of the Final Prospectus. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or the Underwriters and the parties' relevant intent, knowledge, access to information and opportunity to correct or prevent such untrue statement or omission. The Company and the Underwriters agree that it would not be just and equitable if contributions pursuant to this subsection (d) were to be determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in the first sentence of this subsection (d). The amount paid by an indemnified party as a result of the losses, claims, damages or liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending against any action or claim that is the subject of this subsection (d). Notwithstanding the provisions of this subsection (d), no Underwriter shall be required to contribute any amount in excess of the amount of the of the underwriting discount applicable to the Offered Securities to be purchased by such Underwriter hereunder actually received by such Underwriter. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Underwriters' respective obligations to contribute as provided in this Section 7 are several in proportion to their respective underwriting commitments and not joint.

(e) The obligations of the Company under this Section 7 shall be in addition to any liability that the Company may otherwise have and the benefits of such obligations shall extend, upon the same terms and conditions, to each person, if any, who controls any Underwriter within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act; and the obligations of each Underwriter under this Section 7 shall be in addition to any liability that each Underwriter may otherwise have and the benefits of such obligations shall extend, upon the same terms and conditions, to the Company and its officers, directors and each person who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act.

(f) For purposes of this Agreement, each Underwriter severally confirms, and the Company acknowledges, that there is no information concerning such Underwriter furnished in writing to the Company by such Underwriter specifically for preparation of or inclusion in the Registration Statement, the Time of Sale Disclosure Package, any Prospectus, the Final Prospectus or any Issuer Free Writing Prospectus, other than the statement set forth in the last paragraph on the cover page of the Prospectus, the marketing and legal names of each Underwriter, and the statements set forth in the "Underwriting" section of the Registration Statement, the Time of Sale Disclosure Package, and the Final Prospectus only insofar as such statements relate to the amount of selling concession and re-allowance, if any, or to over-allotment, stabilization and related activities that may be undertaken by such Underwriter.

***8.***  ***Representations and Agreements to Survive Delivery*** .

 ****

All representations, warranties, and agreements of the Company contained herein or in certificates delivered pursuant hereto, including, but not limited to, the agreements of the several Underwriters and the Company contained in Section 5(a)(viii) and Section 7 hereof, shall remain operative and in full force and effect regardless of any investigation made by or on behalf of the several Underwriters or any controlling person thereof, or the Company or any of its officers, directors, or controlling persons, and shall survive delivery of, and payment for, the Offered Securities to and by the Underwriters hereunder.

***9.***  ***Termination of this Agreement*** .

(a) The Representative shall have the right to terminate this Agreement by giving notice to the Company as hereinafter specified at any time at or prior to the Closing Date, if in the discretion of the Representative, (i) there has occurred any material adverse change in the securities markets or any event, act or occurrence that has materially disrupted, or in the opinion of the Representative, will in the future materially disrupt, the securities markets or there shall be such a material adverse change in general financial, political or economic conditions or the effect of international conditions on the financial markets in the Cayman Islands, the British Virgin Islands, Singapore or the United States is such as to make it, in the judgment of the Representative, inadvisable or impracticable to market the Offered Securities or enforce contracts for the sale of the Offered Securities (ii) trading in the Company's Ordinary Shares shall have been suspended by the Commission or Nasdaq or trading in securities generally on the Nasdaq Stock Market, the NYSE or the NYSE MKT shall have been suspended, (iii) minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required, on the Nasdaq Stock Market, the NYSE or NYSE American, by such exchange or by order of the Commission or any other governmental authority having jurisdiction, (iv) a banking moratorium shall have been declared by the Cayman Islands, the British Virgin Islands, Singapore, the United States, federal or state authorities, (v) there shall have occurred any attack on, outbreak or escalation of hostilities or act of terrorism involving the Cayman Islands, the British Virgin Islands, Singapore, the United States, or any jurisdiction that the Company has operations and assets or any declaration by the Cayman Islands, the British Virgin Islands, Singapore, the United States, or any jurisdiction that the Company has operations and assets of a national emergency or war, any substantial change or development involving a prospective substantial change in the Cayman Islands, the British Virgin Islands, Singapore, the United States, or any jurisdiction that the Company has operations and assets or other international political, financial or economic conditions or any other calamity or crisis, or (vi) the Company suffers any loss by strike, fire, flood, earthquake, accident or other calamity, whether or not covered by insurance, or (vii) in the judgment of the Representative, there has been, since the time of execution of this Agreement or since the respective dates as of which information is given in the Registration Statement, the Time of Sale Disclosure Package or the Final Prospectus, any material adverse change in the assets, properties, condition, financial or otherwise, or in the results of operations, business affairs or business prospects of the Company and its subsidiaries, whether or not arising in the ordinary course of business. Any such termination shall be without liability of any party to any other party except that the provisions of Section 5(a)(viii) and Section 7 hereof shall at all times be effective and shall survive such termination.

(b) If the Representative elects to terminate this Agreement as provided in this Section 9, the Company and the other Underwriters shall be notified promptly by the Representative by telephone, confirmed by letter.

(c) If this Agreement is terminated pursuant to any of its provisions, the Company shall not be under any liability to any Underwriter, and no Underwriter shall be under any liability to the Company, except that (y) subject to a maximum reimbursement of $[300,000], the Company will reimburse the Representative only for all actual, accountable out-of-pocket expenses (including the reasonable fees and disbursements of Sichenzia Ross Ference Carmel LLP, its counsel) reasonably incurred by the Representative in connection with the proposed purchase and sale of the Offered Securities or in contemplation of performing their obligations hereunder and (z) no Underwriter who shall have failed or refused to purchase the Firm Shares agreed to be purchased by it under this Agreement, without some reason sufficient hereunder to justify cancellation or termination of its obligations under this Agreement, shall be relieved of liability to the Company, or to the other Underwriters for damages occasioned by its failure or refusal.

***10.***  ***Substitution of Underwriters*** .

 ****

If any Underwriter or Underwriters shall default in its or their obligations to purchase Firm Shares hereunder on the Closing Date and the aggregate number of Firm Shares which such defaulting Underwriter or Underwriters agreed but failed to purchase does not exceed ten percent (10%) of the total number of Firm Shares to be purchased by all Underwriters on such Closing Date, the other Underwriters shall be obligated severally, in proportion to their respective commitments hereunder, to purchase the Firm Shares which such defaulting Underwriter or Underwriters agreed but failed to purchase on such Closing Date. If any Underwriter or Underwriters shall so default and the aggregate number of Firm Shares with respect to which such default or defaults occur is more than ten percent (10%) of the total number of Firm Shares to be purchased by all Underwriters on such Closing Date and arrangements satisfactory to the remaining Underwriters and the Company for the purchase of such Firm Shares by other persons are not made within forty-eight (48) hours after such default, this Agreement shall terminate.

If the remaining Underwriters or substituted Underwriters are required hereby or agree to take up all or part of the Firm Shares of a defaulting Underwriter or Underwriters on such Closing Date as provided in this Section 10, (i) the Company shall have the right to postpone such Closing Date for a period of not more than five (5) full business days in order to permit the Company to effect whatever changes in the Registration Statement, the Final Prospectus, or in any other documents or arrangements, which may thereby be made necessary, and the Company agrees to promptly file any amendments to the Registration Statement or the Final Prospectus which may thereby be made necessary, and (ii) the respective numbers of Firm Shares to be purchased by the remaining Underwriters or substituted Underwriters shall be taken as the basis of their underwriting obligation for all purposes of this Agreement. Nothing herein contained shall relieve any defaulting Underwriter of its liability to the Company or any other Underwriter for damages occasioned by its default hereunder. Any termination of this Agreement pursuant to this Section 10 shall be without liability on the part of any non-defaulting Underwriters or the Company, except that the obligations with respect to expenses to be paid or reimbursed pursuant to Section 5(a)(viii) and Section 7 and Sections 9 through 17, inclusive, shall not terminate and shall remain in full force and effect.

***11.***  ***Notices*** .

 ****

All notices and communications hereunder shall be in writing and mailed or delivered or by telephone or telegraph if subsequently confirmed in writing, (a) if to the Representative, Eddid Securities USA Inc., 40 Wall Street, Suite 1606, New York, NY 10005, Attention: [ ], and to Sichenzia Ross Ference Carmel LLP, 1185 Avenue of the Americas, 26<sup>th</sup> Floor, New York, NY 10036, Attention: Benjamin Tan, Esq., (b) if to the Company, to the Company's agent for service as such agent's address appears on the cover page of the Registration Statement with a copy to Loeb & Loeb LLP, 2206-19 Jardine House, 1 Connaught Road Central, Hong Kong SAR, Attention: Lawrence S. Venick, Esq.

***12.***  ***Persons Entitled to Benefit of Agreement*** .

 ****

This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns and the controlling persons, officers and directors referred to in Section 7. Nothing in this Agreement is intended or shall be construed to give to any other person, firm or corporation any legal or equitable remedy or claim under or in respect of this Agreement or any provision herein contained. The term "successors and assigns" as herein used shall not include any purchaser, as such purchaser, of any of the Offered Securities from any Underwriters.

***13.***  ***Absence of Fiduciary Relationship*** .

 ****

The Company acknowledges and agrees that: (a) each Underwriter has been retained solely to act as underwriter in connection with the sale of the Offered Securities and that no fiduciary, advisory or agency relationship between the Company and any Underwriter, has been created in respect of any of the transactions contemplated by this Agreement, irrespective of whether the Underwriter has advised or is advising the Company on other matters; (b) the price and other terms of the Offered Securities set forth in this Agreement were established by the Company and the Company following discussions and arms-length negotiations with the Underwriters and the Company is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated by this Agreement; (c) it has been advised that the Underwriters and their affiliates are engaged in a broad range of transactions that may involve interests that differ from those of the Company and that no Underwriter has any obligation to disclose such interest and transactions to the Company by virtue of any fiduciary, advisory or agency relationship. Underwriters have no obligation to disclose, or account to the Company for, any of such additional financial interests; and (d) it has been advised that each Underwriter is acting, in respect of the transactions contemplated by this Agreement, solely for the benefit of such Underwriter, and not on behalf of the Company. The Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Company may have against the Underwriters with respect to any breach or alleged breach of fiduciary duty.

***14.***  ***Amendments and Waivers*** .

 ****

No provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed, in the case of an amendment, by the Company and the Representative. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any such right.

***15.***  ***Partial Unenforceability*** .

 ****

The invalidity or unenforceability of any section, paragraph, clause or provision of this Agreement shall not affect the validity or enforceability of any other section, paragraph, clause or provision.

***16.***  ***Governing Law*** .

 ****

This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

***17.***  ***Submission to Jurisdiction*** .

 ****

The Company hereby agrees that any action, proceeding or claim against it arising out of, or relating in any way to this Agreement shall be brought and enforced in the New York Supreme Court, County of New York, or in the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. THE COMPANY (ON BEHALF OF ITSELF AND, TO THE FULLEST EXTENT PERMITTED BY LAW, ON BEHALF OF ITS RESPECTIVE EQUITY HOLDERS AND CREDITORS), AND THE UNDERWRITERS HEREBY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM BASED UPON, ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, THE REGISTRATION STATEMENT, THE TIME OF SALE DISCLOSURE PACKAGE, ANY PROSPECTUS AND THE FINAL PROSPECTUS.

***18.***  ***Entire Agreement.*** 

 ****

This Agreement, together with the exhibits and schedules thereto and the Prospectus contain the entire understanding of the parties with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules. Notwithstanding anything herein to the contrary, the engagement letter dated October [ ], 2025 (the "<u>Engagement Letter</u>") between the Company and the Representative shall continue to be effective during their terms and the terms therein shall continue to survive and be enforceable by the Representative, provided that, in the event of a conflict between the terms and conditions of this Agreement and the Engagement Letter and its amendment, the terms and conditions of this Agreement shall control.

***19.***  ***Counterparts.*** 

This Agreement may be executed and delivered (including by facsimile transmission or electronic mail) in one or more counterparts and, if executed in more than one counterpart, the executed counterparts shall each be deemed to be an original and all such counterparts shall together constitute one and the same instrument.

[*Signature Page Follows*]

Please sign and return to the Company the enclosed duplicates of this letter whereupon this letter will become a binding agreement among the Company and the several Underwriters in accordance with its terms.

---

| |
|:---|
| Very truly yours, |
| **STAR INTEGRATIA LIMITED** |
| Name: |
| Title: |

---

Confirmed as of the date first above-mentioned by

the Representative of the several Underwriters.

---

| |
|:---|
| **Eddid Securities USA Inc.** |
| Name: |
| Title: |

---

[Signature page to Underwriting Agreement]

**SCHEDULE I**

---

| | |
|:---|:---|
| Name | Number of Ordinary Shares To be Purchased |
| Eddid Securities USA Inc. |  |
| Total |  |

---

**SCHEDULE II**

**Time of Sale Disclosure Package**

**SCHEDULE III**

**Issuer Free Writing Prospectus**

**SCHEDULE IV**

**Lock-Up Parties**

**Final Term Sheet**

---

| | |
|:---|:---|
| Issuer: | STAR INTEGRATIA LIMITED (the "<u>Company</u>") |
| Symbol: |  |
| Securities: | [ ] Class A Ordinary Shares |
| Public Offering Price: | $ per Class A Ordinary Share. |
| Underwriting Discount (7%): | $|
| Non-accountable Expense<br> Allowance (1%): | $|
| Trade Date: |  |
| Settlement Date: |  |
| Underwriter: | Eddid Securities USA Inc. |

---

**EXHIBIT A** 

**Form of Lock-Up** 

**Form of Lock-Up Agreement**

[ ], 2026

Eddid Securities USA Inc.

40 Wall Street, Suite 1606,

New York, NY 10005

As Representative of the several Underwriters named on Schedule 1 to the Underwriting Agreement referenced below

Ladies and Gentlemen:

The undersigned understands that Eddid Securities USA Inc. (the "**Representative**"), proposes to enter into an Underwriting Agreement (the "**Underwriting Agreement**") with STAR INTEGRATIA LIMITED, a Cayman Islands exempted company with limited liability (the "**Company**") providing for the public offering (the "**Public Offering**") of Class A ordinary shares, par value $0.0001 per share, of the Company (the "**Ordinary Shares**").

To induce the Representative to continue its efforts in connection with the Public Offering, the undersigned hereby agrees that, without the prior written consent of the Representative, the undersigned will not, during the period commencing on the date hereof and ending One Hundred and Eighty (180) days from the date the Ordinary Shares commence trading on the Nasdaq (the "**Lock-Up Period**"), (1) offer, pledge, sell, contract to sell, grant, lend, or otherwise transfer or dispose of, directly or indirectly, any Ordinary Shares or any securities convertible into or exercisable or exchangeable for Ordinary Shares, held or owned as at the closing of the Public Offering (collectively, the "**Lock-Up Securities**"); (2) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Lock-Up Securities, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Lock-Up Securities, in cash or otherwise; (3) make any demand for or exercise any right with respect to the registration of any Lock-Up Securities; or (4) publicly disclose the intention to make any offer, sale, pledge or disposition, or to enter into any transaction, swap, hedge or other arrangement relating to any Lock-Up Securities. Notwithstanding the foregoing, and subject to the conditions below, the undersigned may transfer Lock-Up Securities without the prior written consent of the Representative in connection with (a) transactions relating to Lock-Up Securities acquired in open market transactions after the completion of the Public Offering; <u>provided</u> that no filing under Section 13 or Section 16(a) of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**"), or other public announcement shall be required or shall be voluntarily made in connection with subsequent sales of Lock-Up Securities acquired in such open market transactions; (b) transfers of Lock-Up Securities as a *bona fide* gift, by will or intestacy or to a family member or trust for the benefit of the undersigned (for purposes of this lock-up agreement, "family member" means any relationship by blood, marriage or adoption, not more remote than first cousin); (c) transfers of Lock-Up Securities to a charity or educational institution; (d) if the undersigned is a corporation, partnership, limited liability company or other business entity, (i) any transfers of Lock-Up Securities to another corporation, partnership or other business entity that controls, is controlled by or is under common control with the undersigned or (ii) distributions of Lock-Up Securities to members, partners, shareholders, subsidiaries or affiliates (as defined in Rule 405 promulgated under the Securities Act of 1933, as amended) of the undersigned; (e) if the undersigned is a trust, to a trustee or beneficiary of the trust; <u>provided</u> that in the case of any transfer pursuant to the foregoing clauses (b), (c) (d) or (e), (i) any such transfer shall not involve a disposition for value, (ii) each transferee shall sign and deliver to the Representative a lockup agreement substantially in the form of this lock-up agreement and (iii) no filing under Section 13 or Section 16(a) of the Exchange Act or other public announcement shall be required or shall be voluntarily made during the Lock-Up Period; (f) the receipt by the undersigned from the Company of Ordinary Shares upon the vesting of restricted stock awards or stock units or upon the exercise of options to purchase the Company's Ordinary Shares issued under an equity incentive plan of the Company or an employment arrangement described in the Pricing Prospectus provided always that the adoption of any equity incentive plan, the grant of options and/or restricted stock grants thereunder, and the filing of a registration statement on Form S-8 occur at least sixty (60) days after the Closing Date (as defined in the Underwriting Agreement) (the "**Plan Shares**") or the transfer or withholding of Ordinary Shares or any securities convertible into Ordinary Shares to the Company upon a vesting event of the Company's securities or upon the exercise of options to purchase the Company's securities, in each case on a "cashless" or "net exercise" basis or to cover tax obligations of the undersigned in connection with such vesting or exercise, <u>provided</u> that if the undersigned is required to file a report under Section 13 or Section 16(a) of the Exchange Act reporting a reduction in beneficial ownership of Ordinary Shares during the Lock-Up Period, the undersigned shall include a statement in such schedule or report to the effect that the purpose of such transfer was to cover tax withholding obligations of the undersigned in connection with such vesting or exercise and, <u>provided further</u>, that the Plan Shares shall be subject to the terms of this lock-up agreement; (g) the transfer of Lock-Up Securities pursuant to agreements described in the Pricing Prospectus under which the Company has the option to repurchase such securities or a right of first refusal with respect to the transfer of such securities, <u>provided</u> that if the undersigned is required to file a report under Section 13 or Section 16(a) of the Exchange Act reporting a reduction in beneficial ownership of Ordinary Shares during the Lock-Up Period, the undersigned shall include a statement in such schedule or report describing the purpose of the transaction; (h) the establishment of a trading plan pursuant to Rule 10b5-1 under the Exchange Act for the transfer of Lock-Up Securities, <u>provided</u> that (i) such plan does not provide for the transfer of Lock-Up Securities during the Lock-Up Period and (ii) to the extent a public announcement or filing under the Exchange Act, if any, is required of or voluntarily made by or on behalf of the undersigned or the Company regarding the establishment of such plan, such public announcement or filing shall include a statement to the effect that no transfer of Lock-Up Securities may be made under such plan during the Lock-Up Period; (i) the transfer of Lock-Up Securities that occurs by operation of law, such as pursuant to a qualified domestic order or in connection with a divorce settlement, <u>provided</u> that the transferee agrees to sign and deliver a lock-up agreement substantially in the form of this lock-up agreement for the balance of the Lock-Up Period, and <u>provided further</u>, that any filing under Section 13 or Section 16(a) of the Exchange Act that is required to be made during the Lock-Up Period as a result of such transfer shall include a statement that such transfer has occurred by operation of law; and (j) the transfer of Lock- Up Securities pursuant to a bona fide third party tender offer, merger, consolidation or other similar transaction made to all holders of the Ordinary Shares involving a change of control (as defined below) of the Company after the closing of the Public Offering and approved by the Company's board of directors; <u>provided</u> that in the event that the tender offer, merger, consolidation or other such transaction is not completed, the Lock-Up Securities owned by the undersigned shall remain subject to the restrictions contained in this lock-up agreement. For purposes of clause (j) above, "change of control" shall mean the consummation of any bona fide third party tender offer, merger, amalgamation, consolidation or other similar transaction the result of which is that any "person" (as defined in Section 13(d)(3) of the Exchange Act), or group of persons, becomes the beneficial owner (as defined in Rules 13d-3 and 13d- 5 of the Exchange Act) of a majority of total voting power of the voting shares of the Company. The undersigned also agrees and consents to the entry of stop transfer instructions with the Company's transfer agent and registrar against the transfer of the undersigned's Lock-Up Securities except in compliance with this lock-up agreement.

If the undersigned is an officer or director of the Company, (i) the undersigned agrees that the foregoing restrictions shall be equally applicable to any issuer-directed or "friends and family" securities that the undersigned may purchase in the Public Offering; (ii) the Representative agrees that, at least three (3) business days before the effective date of any release or waiver of the foregoing restrictions in connection with a transfer of Lock-Up Securities, the Representative will notify the Company of the impending release or waiver; and (iii) the Company has agreed in the Underwriting Agreement to announce the impending release or waiver by press release through a major news service at least two (2) business days before the effective date of the release or waiver. Any release or waiver granted by the Representative hereunder to any such officer or director shall only be effective two (2) business days after the publication date of such press release. The provisions of this paragraph will not apply if (a) the release or waiver is effected solely to permit a transfer of Lock-Up Securities not for consideration and (b) the transferee has agreed in writing to be bound by the same terms described in this lock-up agreement to the extent and for the duration that such terms remain in effect at the time of such transfer.

For the avoidance of doubt, nothing herein shall apply to Ordinary Shares acquired by the undersigned after the Public Offering.

The undersigned understands that the Company and the Representative are relying upon this lock-up agreement in proceeding toward consummation of the Public Offering. The undersigned further understands that this lock-up agreement is irrevocable and shall be binding upon the undersigned's heirs, legal representatives, successors and assigns.

The undersigned understands that, if the Underwriting Agreement is not executed by [●], 2026 or if the Underwriting Agreement (other than the provisions thereof which survive termination) shall terminate or be terminated prior to payment for and delivery of the Ordinary Shares to be sold thereunder, then this lock-up agreement shall be void and of no further force or effect.

Whether or not the Public Offering actually occurs depends on a number of factors, including market conditions. Any Public Offering will only be made pursuant to an Underwriting Agreement, the terms of which are subject to negotiation between the Company and the Representative.

---

| |
|:---|
| Very truly yours, |
| (Name - Please Print) |
| (Signature) |
| (Name of Signatory, in the case of entities - Please Print) |
| (Title of Signatory, in the case of entities - Please Print) |
| Address: |

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## Exhibit 3.1

**Exhibit 3.1**

---

| | |
|:---|:---|
| **Companies Act (Revised)**<br>**Company Limited by Shares** | **Companies Act (Revised)**<br>**Company Limited by Shares** |
|  | <br> **Amended and Restated**<br> **Memorandum of Association**<br> **of**<br> **Star Integratia Limited**<br>|
| <br> (As adopted by a special resolution passed on 4 June 2026) | <br> (As adopted by a special resolution passed on 4 June 2026) |

---

**Companies Act (Revised)**

**Company Limited by Shares**

**Amended and Restated**

**Memorandum of Association**

**of**

**Star Integratia Limited**

(As adopted by a special resolution passed on 4 June 2026)

---

| | |
|:---|:---|
| 1 | The name of the Company is **Star Integratia Limited**. |
| 2 | The Company's registered office shall be situated at the Office of Harneys Fiduciary (Cayman) Limited, 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands or at such other place in the Cayman Islands as the directors may at any time decide. |
| 3 | The Company's objects are unrestricted. As provided by section 7(4) of the Companies Act (Revised), the Company has full power and authority to carry out any object not prohibited by any law of the Cayman Islands. |
| 4 | The Company has unrestricted corporate capacity. Without limitation to the foregoing, as provided by section 27 (2) of the Companies Act (Revised), the Company has and is capable of exercising all the functions of a natural person of full capacity irrespective of any question of corporate benefit. |
| 5 | Nothing in any of the preceding paragraphs permits the Company to carry on any of the following businesses without being duly licensed, namely: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 business of a bank or trust company without being licensed in that behalf under the Banks and Trust Companies Act (Revised); or

(b) insurance
 business from within the Cayman Islands or the business of an insurance manager, agent, sub-agent or broker without being licensed
 in that behalf under the Insurance Act (Revised);or

(c) the
 business of company management without being licensed in that behalf under the Companies Management Act (Revised).

---

| | |
|:---|:---|
| 6.0 | Unless licensed to do so, the Company will not trade in the Cayman Islands with any person, firm or corporation except in furtherance of its business carried on outside the Cayman Islands. Despite this, the Company may effect and conclude contracts in the Cayman Islands and exercise in the Cayman Islands any of its powers necessary for the carrying on of its business outside the Cayman Islands. |
| 7.0 | The Company is a company limited by shares and accordingly the liability of each member is limited to the amount (if any) unpaid on that member's shares. |
| 8.0 | The share capital of the Company is US$50,000 divided into 500,000,000 Ordinary Shares of US$0.0001 each. Other than as set out in the preceding sentence, there is no limit on the number of shares of any class which the Company is authorised to issue. However, subject to the Companies Act (Revised) and the Company's articles of association, the Company has power to do any one or more of the following: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 redeem or repurchase any of its shares;

(b) to
 increase or reduce its capital;

(c) to
 issue any part of its capital (whether original, redeemed, increased or reduced):

---

| | |
|:---|:---|
| (i) | with or without any preferential, deferred, qualified or special rights, privileges or conditions; or |
| (ii) | subject to any limitations or restrictions |
| and unless the condition of issue expressly declares otherwise, every issue of shares (whether declared to be ordinary, preference or otherwise) is subject to this power; or | and unless the condition of issue expressly declares otherwise, every issue of shares (whether declared to be ordinary, preference or otherwise) is subject to this power; or |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) to
 alter any of those rights, privileges, conditions, limitations or restrictions.

9 The Company has power to register by way of continuation as a body corporate limited by shares under the laws of any jurisdiction outside the Cayman Islands and to be deregistered in the Cayman Islands.

---

| | |
|:---|:---|
| **Companies Act (Revised)**<br>**Company Limited By Shares** | **Companies Act (Revised)**<br>**Company Limited By Shares** |
|  | **Amended and Restated**<br> **Articles of Association**<br> **of**<br> **Star Integratia Limited** |
| (As adopted by a special resolution passed on 4 June 2026) | (As adopted by a special resolution passed on 4 June 2026) |

---

**Contents**

---

| | | |
|:---|:---|:---|
| **1** | **Definitions, interpretation and exclusion of Table A** | **1** |
| Definitions | Definitions | 1 |
| Interpretation | Interpretation | 4 |
| Exclusion of Table A Articles | Exclusion of Table A Articles | 5 |
| **2** | **Shares** | **5** |
| Power to issue Shares and options, with or without special rights | Power to issue Shares and options, with or without special rights | 5 |
| Power to issue fractions of a Share | Power to issue fractions of a Share | 6 |
| Power to pay commissions and brokerage fees | Power to pay commissions and brokerage fees | 6 |
| Trusts not recognised | Trusts not recognised | 6 |
| Security interests | Security interests | 6 |
| Power to vary class rights | Power to vary class rights | 6 |
| Effect of new Share issue on existing class rights | Effect of new Share issue on existing class rights | 7 |
| No bearer Shares or warrants | No bearer Shares or warrants | 7 |
| Treasury Shares | Treasury Shares | 7 |
| Rights attaching to Treasury Shares and related matters | Rights attaching to Treasury Shares and related matters | 7 |
| Register of Members | Register of Members | 8 |
| Annual Return | Annual Return | 8 |
| **3** | **Share certificates** | **8** |
| Issue of share certificates | Issue of share certificates | 8 |
| Renewal of lost or damaged share certificates | Renewal of lost or damaged share certificates | 9 |
| **4** | **Lien on Shares** | **9** |
| Nature and scope of lien | Nature and scope of lien | 9 |
| Company may sell Shares to satisfy lien | Company may sell Shares to satisfy lien | 10 |
| Authority to execute instrument of transfer | Authority to execute instrument of transfer | 10 |
| Consequences of sale of Shares to satisfy lien | Consequences of sale of Shares to satisfy lien | 10 |
| Application of proceeds of sale | Application of proceeds of sale | 11 |
| **5** | **Calls on Shares and forfeiture** | **11** |
| Power to make calls and effect of calls | Power to make calls and effect of calls | 11 |
| Time when call made | Time when call made | 11 |
| Liability of joint holders | Liability of joint holders | 11 |
| Interest on unpaid calls | Interest on unpaid calls | 12 |
| Deemed calls | Deemed calls | 12 |
| Power to accept early payment | Power to accept early payment | 12 |
| Power to make different arrangements at time of issue of Shares | Power to make different arrangements at time of issue of Shares | 12 |
| Notice of default | Notice of default | 12 |
| Forfeiture or surrender of Shares | Forfeiture or surrender of Shares | 13 |
| Disposal of forfeited or surrendered Share and power to cancel forfeiture or surrender | Disposal of forfeited or surrendered Share and power to cancel forfeiture or surrender | 13 |
| Effect of forfeiture or surrender on former Member | Effect of forfeiture or surrender on former Member | 13 |
| Evidence of forfeiture or surrender | Evidence of forfeiture or surrender | 14 |
| Sale of forfeited or surrendered Shares | Sale of forfeited or surrendered Shares | 14 |
| **6** | **Transfer of Shares** | **14** |
| Form of Transfer | Form of Transfer | 14 |
| Power to refuse registration for Shares not listed on a Designated Stock Exchange | Power to refuse registration for Shares not listed on a Designated Stock Exchange | 14 |
| Suspension of transfers | Suspension of transfers | 15 |
| Company may retain instrument of transfer | Company may retain instrument of transfer | 15 |
| Notice of refusal to register | Notice of refusal to register | 15 |

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| | | |
|:---|:---|:---|
| **7** | **Transmission of Shares** | **15** |
| Persons entitled on death of a Member | Persons entitled on death of a Member | 15 |
| Registration of transfer of a Share following death or bankruptcy | Registration of transfer of a Share following death or bankruptcy | 16 |
| Indemnity | Indemnity | 16 |
| Rights of person entitled to a Share following death or bankruptcy | Rights of person entitled to a Share following death or bankruptcy | 16 |
| **8** | **Alteration of capital** | **16** |
| Increasing, consolidating, converting, dividing and cancelling share capital | Increasing, consolidating, converting, dividing and cancelling share capital | 16 |
| Dealing with fractions resulting from consolidation of Shares | Dealing with fractions resulting from consolidation of Shares | 17 |
| Reducing share capital | Reducing share capital | 17 |
| **9** | **Redemption and purchase of own Shares** | **18** |
| Power to issue redeemable Shares and to purchase own Shares | Power to issue redeemable Shares and to purchase own Shares | 18 |
| Power to pay for redemption or purchase in cash or in specie | Power to pay for redemption or purchase in cash or in specie | 18 |
| Effect of redemption or purchase of a Share | Effect of redemption or purchase of a Share | 18 |
| **10** | **Meetings of Members** | **19** |
| Annual and extraordinary general meetings | Annual and extraordinary general meetings | 19 |
| Power to call meetings | Power to call meetings | 19 |
| Content of notice | Content of notice | 20 |
| Period of notice | Period of notice | 21 |
| Persons entitled to receive notice | Persons entitled to receive notice | 21 |
| Accidental omission to give notice or non-receipt of notice | Accidental omission to give notice or non-receipt of notice | 21 |
| **11** | **Proceedings at meetings of Members** | **21** |
| Quorum | Quorum | 21 |
| Lack of quorum | Lack of quorum | 22 |
| Chairman | Chairman | 22 |
| Right of a Director to attend and speak | Right of a Director to attend and speak | 22 |
| Accommodation of Members at Virtual Meeting | Accommodation of Members at Virtual Meeting | 22 |
| Security | Security | 23 |
| Adjournment, postponement and cancellation | Adjournment, postponement and cancellation | 23 |
| Method of voting | Method of voting | 23 |
| Taking of a poll | Taking of a poll | 23 |
| Chairman's casting vote | Chairman's casting vote | 24 |
| Written resolutions | Written resolutions | 24 |
| Sole-Member Company | Sole-Member Company | 25 |
| **12** | **Voting rights of Members** | **25** |
| Right to vote | Right to vote | 25 |
| Rights of joint holders | Rights of joint holders | 26 |
| Representation of corporate Members | Representation of corporate Members | 26 |
| Member with mental disorder | Member with mental disorder | 26 |
| Objections to admissibility of votes | Objections to admissibility of votes | 27 |
| Form of proxy | Form of proxy | 27 |
| How and when proxy is to be delivered | How and when proxy is to be delivered | 28 |
| Voting by proxy | Voting by proxy | 29 |
| **13** | **Number of Directors** | **29** |
| **14** | **Appointment, disqualification and removal of Directors** | **29** |
| First Directors | First Directors | 29 |
| No age limit | No age limit | 29 |
| Corporate Directors | Corporate Directors | 29 |
| No shareholding qualification | No shareholding qualification | 29 |
| Appointment of Directors | Appointment of Directors | 30 |
| Board's power to appoint Directors | Board's power to appoint Directors | 30 |

---

---

| | | |
|:---|:---|:---|
| Removal of Directors | Removal of Directors | 30 |
| Resignation of Directors | Resignation of Directors | 30 |
| Termination of the office of Director | Termination of the office of Director | 30 |
| **15** | **Alternate Directors** | **31** |
| Appointment and removal | Appointment and removal | 31 |
| Notices | Notices | 32 |
| Rights of alternate Director | Rights of alternate Director | 32 |
| Appointment ceases when the appointor ceases to be a Director | Appointment ceases when the appointor ceases to be a Director | 32 |
| Status of alternate Director | Status of alternate Director | 32 |
| Status of the Director making the appointment | Status of the Director making the appointment | 33 |
| **16** | **Powers of Directors** | **33** |
| Powers of Directors | Powers of Directors | 33 |
| Directors below the minimum number | Directors below the minimum number | 33 |
| Appointments to office | Appointments to office | 33 |
| Provisions for employees | Provisions for employees | 34 |
| Exercise of voting rights | Exercise of voting rights | 34 |
| Remuneration | Remuneration | 34 |
| Disclosure of information | Disclosure of information | 35 |
| **17** | **Delegation of powers** | **35** |
| Power to delegate any of the Directors' powers to a committee | Power to delegate any of the Directors' powers to a committee | 35 |
| Local boards | Local boards | 36 |
| Power to appoint an agent of the Company | Power to appoint an agent of the Company | 36 |
| Power to appoint an attorney or authorised signatory of the Company | Power to appoint an attorney or authorised signatory of the Company | 36 |
| Borrowing Powers | Borrowing Powers | 37 |
| Corporate Governance | Corporate Governance | 37 |
| **18** | **Meetings of Directors** | **37** |
| Regulation of Directors' meetings | Regulation of Directors' meetings | 37 |
| Calling meetings | Calling meetings | 37 |
| Notice of meetings | Notice of meetings | 38 |
| Use of technology | Use of technology | 38 |
| Quorum | Quorum | 38 |
| Chairman or deputy to preside | Chairman or deputy to preside | 38 |
| Voting | Voting | 38 |
| Recording of dissent | Recording of dissent | 38 |
| Written resolutions | Written resolutions | 39 |
| Validity of acts of Directors in spite of formal defect | Validity of acts of Directors in spite of formal defect | 39 |
| **19** | **Permissible Directors' interests and disclosure** | **39** |
| **20** | **Minutes** | **40** |
| **21** | **Accounts and audit** | **40** |
| Auditors | Auditors | 40 |
| **22** | **Record dates** | **41** |
| **23** | **Dividends** | **41** |
| Source of dividends | Source of dividends | 41 |
| Declaration of dividends by Members | Declaration of dividends by Members | 41 |
| Payment of interim dividends and declaration of final dividends by Directors | Payment of interim dividends and declaration of final dividends by Directors | 41 |
| Apportionment of dividends | Apportionment of dividends | 42 |
| Right of set off | Right of set off | 42 |
| Power to pay other than in cash | Power to pay other than in cash | 42 |

---

---

| | | |
|:---|:---|:---|
| How payments may be made | How payments may be made | 43 |
| Dividends or other monies not to bear interest in absence of special rights | Dividends or other monies not to bear interest in absence of special rights | 43 |
| Dividends unable to be paid or unclaimed | Dividends unable to be paid or unclaimed | 44 |
| **24** | **Capitalisation of profits** | **44** |
| Capitalisation of profits or of any share premium account or capital redemption reserve; | Capitalisation of profits or of any share premium account or capital redemption reserve; | 44 |
| Applying an amount for the benefit of Members | Applying an amount for the benefit of Members | 44 |
| **25** | **Share Premium Account** | **44** |
| Directors to maintain share premium account | Directors to maintain share premium account | 44 |
| Debits to share premium account | Debits to share premium account | 45 |
| **26** | **Seal** | **45** |
| Company seal | Company seal | 45 |
| Duplicate seal | Duplicate seal | 45 |
| When and how seal is to be used | When and how seal is to be used | 45 |
| If no seal is adopted or used | If no seal is adopted or used | 45 |
| Power to allow non-manual signatures and facsimile printing of seal | Power to allow non-manual signatures and facsimile printing of seal | 46 |
| Validity of execution | Validity of execution | 46 |
| **27** | **Indemnity** | **46** |
| Release | Release | 47 |
| Insurance | Insurance | 47 |
| **28** | **Notices** | **47** |
| Form of notices | Form of notices | 47 |
| Electronic communications | Electronic communications | 48 |
| Persons entitled to notices | Persons entitled to notices | 48 |
| Persons authorised to give notices | Persons authorised to give notices | 49 |
| Delivery of written notices | Delivery of written notices | 49 |
| Joint holders | Joint holders | 49 |
| Signatures | Signatures | 49 |
| Giving notice to a deceased or bankrupt Member | Giving notice to a deceased or bankrupt Member | 49 |
| Date of giving notices | Date of giving notices | 50 |
| Saving provision | Saving provision | 50 |
| **29** | **Authentication of Electronic Records** | **50** |
| Application of Articles | Application of Articles | 50 |
| Authentication of documents sent by Members by Electronic means | Authentication of documents sent by Members by Electronic means | 51 |
| Authentication of document sent by the Secretary or Officers of the Company by Electronic means | Authentication of document sent by the Secretary or Officers of the Company by Electronic means | 51 |
| Manner of signing | Manner of signing | 51 |
| Saving provision | Saving provision | 52 |
| **30** | **Transfer by way of continuation** | **52** |
| **31** | **Winding up** | **53** |
| Distribution of assets in specie | Distribution of assets in specie | 53 |
| No obligation to accept liability | No obligation to accept liability | 53 |
| **32** | **Amendment of Memorandum and Articles** | **53** |
| Power to change name or amend Memorandum | Power to change name or amend Memorandum | 53 |
| Power to amend these Articles | Power to amend these Articles | 53 |

---

**Companies Act (Revised)**

**Company Limited by Shares**

**Amended and Restated**

**Articles of Association**

**of**

**Star Integratia Limited**

((As adopted by a special resolution passed on 4 June 2026)

---

| | |
|:---|:---|
| **1** | **Definitions, interpretation and exclusion of Table A** |

---

**Definitions**

1.1 In
 these Articles, the following definitions apply:

**Act** means the Companies Act (Revised) of the Cayman Islands, including any statutory modification or re-enactment thereof for the time being in force;

**Articles** means, as appropriate:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) these
 articles of association as amended from time to time: or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) two
 or more particular articles of these Articles;

and **Article** refers to a particular article of these Articles;

**Auditors** means the auditor or auditors for the time being of the Company;

**Board** means the board of Directors from time to time;

**Business Day** means a day when banks in Grand Cayman, the Cayman Islands are open for the transaction of normal banking business and for the avoidance of doubt, shall not include a Saturday, Sunday or public holiday in the Cayman Islands;

**Cayman Islands** means the British Overseas Territory of the Cayman Islands;

**Clear Days**, in relation to a period of notice, means that period of calendar days excluding:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 calendar day when the notice is given or deemed to be given; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 calendar day for which it is given or on which it is to take effect;

**Commission** means Securities and Exchange Commission of the United States of America or other federal agency for the time being administering the U.S. Securities Act;

**Company** means the above-named company;

**Default Rate** means ten per cent per annum;

**Designated Stock Exchanges** means The Nasdaq Capital Market in the United States of America for so long as the Company's Shares are there listed and any other stock exchange on which the Company's Shares are listed for trading;

**Designated Stock Exchange Rules** means the relevant code, rules and regulations, as amended, from time to time, applicable as a result of the original and continued listing of any Shares on the Designated Stock Exchanges;

**Directors** means the directors for the time being of the Company and the expression Director shall be construed accordingly;

**Electronic** has the meaning given to that term in the Electronic Transactions Act (Revised) of the Cayman Islands;

**Electronic Communication Facilities** means video, video-conferencing, internet or online conferencing applications, telephone or tele-conferencing and/or any other video-communications, internet or online conferencing application or telecommunications facilities by means of which all persons participating in a meeting are capable of hearing and being heard by each other;

**Electronic Record** has the meaning given to that term in the Electronic Transactions Act (Revised) of the Cayman Islands;

**Electronic Signature** has the meaning given to that term in the Electronic Transactions Act (Revised) of the Cayman Islands;

**Fully Paid Up** means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 relation to a Share with par value, means that the par value for that Share and any premium
 payable in respect of the issue of that Share, has been fully paid or credited as paid in
 money or money's worth; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 relation to a Share without par value, means that the agreed issue price for that Share has
 been fully paid or credited as paid in money or money's worth;

**general meeting** means a general meeting of the Company duly constituted in accordance with the Articles;

**Independent Director** means a Director who is an independent director as defined in the Designated Stock Exchange Rules as determined by the Board;

**Member** means any person or persons entered on the register of Members from time to time as the holder of a Share;

**Memorandum** means the memorandum of association of the Company as amended from time to time;

**month** means a calendar month;

**Officer** means a person appointed to hold an office in the Company including a Director, alternate Director or liquidator and excluding the Secretary;

**Ordinary Resolution** means a resolution of a general meeting passed by a simple majority of the votes by Members who (being entitled to do so) vote in person or by proxy or, in the case of corporations, by their duly authorised representatives, at that meeting. The expression includes a written resolution signed by the requisite majority in accordance with Article 11.14;

**Ordinary Share** means an ordinary share in the capital of the Company; having the rights set out in these Articles;

**Partly Paid Up** means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 relation to a Share with par value, that the par value for that Share and any premium payable
 in respect of the issue of that Share, has not been fully paid or credited as paid in money
 or money's worth; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 relation to a Share without par value, means that the agreed issue price for that Share has
 not been fully paid or credited as paid in money or money's worth;

**Secretary** means a person appointed to perform the duties of the secretary of the Company, including a joint, assistant or deputy secretary;

**Share** means a share in the share capital of the Company and the expression:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) includes
 stock (except where a distinction between shares and stock is expressed or implied); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) where
 the context permits, also includes a fraction of a Share;

**Special Resolution** means a resolution of a general meeting or a resolution of a meeting of the holders of any class of Shares in a class meeting duly constituted in accordance with the Articles in each case passed by a majority of not less than two-thirds of the votes by Members who (being entitled to do so) vote in person or by proxy at that meeting. The expression includes a unanimous written resolution signed by all of the Members entitled to vote at such meeting;

**Treasury Shares** means Shares held in treasury pursuant to the Act and Article 2.14;

**U.S. Securities Act** means the Securities Act of 1933 of the United States of America, as amended, or any similar federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time; and

**Virtual Meeting** means any general meeting of the Members at which the Members (and any other permitted participants of such meeting, including without limitation the chairman of the meeting and any Directors) are permitted to attend and participate solely by means of Electronic Communication Facilities.

**Interpretation**

1.2 In
 the interpretation of these Articles, the following provisions apply unless the context otherwise
 requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A
 reference in these Articles to a statute is a reference to a statute of the Cayman Islands
 as known by its short title, and includes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 statutory modification, amendment or re-enactment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any
 subordinate legislation or regulations issued under that statute.

Without limitation to the preceding sentence, a reference to a revised Act of the Cayman Islands is taken to be a reference to the revision of that Act in force from time to time as amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Headings
 are inserted for convenience only and do not affect the interpretation of these Articles,
 unless there is ambiguity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If
 a day on which any act, matter or thing is to be done under these Articles is not a Business
 Day, the act, matter or thing must be done on the next Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) A
 word which denotes the singular also denotes the plural, a word which denotes the plural
 also denotes the singular, and a reference to any gender also denotes the other genders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) A
 reference to a **person** includes, as appropriate, a company, trust, partnership, joint
 venture, association, body corporate or government agency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Where
 a word or phrase is given a defined meaning another part of speech or grammatical form in
 respect to that word or phrase has a corresponding meaning.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) All
 references to time are to be calculated by reference to time in the place where the Company's
 registered office is located.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The
 words **written** and **in writing** include all modes of representing or reproducing
 words in a visible form, but do not include an Electronic Record where the distinction between
 a document in writing and an Electronic Record is expressed or implied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 words **including**, **include** and **in particular** or any similar expression
 are to be construed without limitation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The
 term "**present**" means, in respect of any person attending a meeting, such
 person's presence at a general meeting of Members (or any meeting of the holders of
 any class of Shares), which may be satisfied by means of such person or, if a corporation
 or other non-natural person, its duly authorized representative (or, in the case of any Member,
 a proxy which has been validly appointed by such Member in accordance with these Articles),
 being: (a) physically present at the meeting; or (b) in the case of any meeting at which
 Electronic Communication Facilities are permitted in accordance with these Articles, including
 any Virtual Meeting, connected by means of the use of such Electronic Communication Facilities.

1.3 The
 headings in these Articles are intended for convenience only and shall not affect the interpretation
 of these Articles.

**Exclusion of Table A Articles**

1.4 The
 regulations contained in Table A in the First Schedule of the Act and any other regulations
 contained in any statute or subordinate legislation are expressly excluded and do not apply
 to the Company.

---

| | |
|:---|:---|
| **2** | **Shares** |

---

**Power to issue Shares and options, with or without special rights**

2.1 Subject
 to the provisions of the Act and these Articles about the redemption and purchase of the
 Shares, the Directors have general and unconditional authority to allot (with or without
 confirming rights of renunciation), grant options over or otherwise deal with any unissued
 Shares to such persons, at such times and on such terms and conditions as they may decide.
 No Share may be issued at a discount except in accordance with the provisions of the Act.

2.2 Without
 limitation to the preceding Article, the Directors may so deal with the unissued Shares:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) either
 at a premium or at par; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with
 or without preferred, deferred or other special rights or restrictions, whether in regard
 to dividend, voting, return of capital or otherwise.

2.3 Without
 limitation to the two preceding Articles,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company may issue rights, options, warrants or convertible securities or securities of similar
 nature conferring the right upon the holders thereof to subscribe for, purchase or receive
 any class of Shares or other securities in the Company at such times and on such terms and
 conditions as the Directors may decide;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Directors may refuse to accept any application for Shares, and may accept any application
 in whole or in part, for any reason or for no reason.

**Power to issue fractions of a Share**

2.4 Subject
 to the Act, the Company may issue fractions of a Share of any class. A fraction of a Share
 shall be subject to and carry the corresponding fraction of liabilities (whether with respect
 to calls or otherwise), limitations, preferences, privileges, qualifications, restrictions,
 rights and other attributes of a Share of that class of Shares.

**Power to pay commissions and brokerage fees**

2.5 The
 Company may pay a commission to any person in consideration of that person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) subscribing
 or agreeing to subscribe, whether absolutely or conditionally; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) procuring
 or agreeing to procure subscriptions, whether absolute or conditional,

for any Shares. That commission may be satisfied by the payment of cash or the allotment of Fully Paid Up or Partly Paid Up Shares or partly in one way and partly in another.

2.6 The
 Company may employ a broker in the issue of its capital and pay him any proper commission
 or brokerage.

**Trusts not recognised**

2.7 Except
 as required by Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) no
 person shall be recognised by the Company as holding any Share on any trust; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) no
 person other than the Member shall be recognised by the Company as having any right in a
 Share.

**Security interests**

2.8 Notwithstanding
 the preceding Article, the Company may (but shall not be obliged to) recognise a security
 interest of which it has actual notice over shares. The Company shall not be treated as having
 recognised any such security interest unless it has so agreed in writing with the secured
 party.

**Power to vary class rights**

2.9 If
 the share capital is divided into different classes of Shares then, unless the terms on which
 a class of Shares was issued state otherwise, the rights attaching to a class of Shares may
 only be varied if one of the following applies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Members holding not less than two-thirds of the issued Shares of that class consent in writing
 to the variation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 variation is made with the sanction of a Special Resolution passed at a separate general
 meeting of the Members holding the issued Shares of that class.

2.10 For
 the purpose of Article 2.9(b), all the provisions of these Articles relating to general meetings
 apply, mutatis mutandis, to every such separate meeting except that the necessary quorum
 shall be one or more persons holding, or representing by proxy, not less than one third of
 the issued Shares of the class.

2.11 For
 the purposes of a separate class meeting, the Directors may treat two or more or all the
 classes of Shares as forming one class of Shares if the Directors consider that such classes
 of Shares would be affected in the same way by the proposals under consideration, but in
 any other case shall treat them as separate classes of Shares.

**Effect of new Share issue on existing class rights**

2.12 Unless
 the terms on which a class of Shares was issued state otherwise, the rights conferred on
 the Member holding Shares of any class shall not be deemed to be varied by the creation or
 issue of further Shares ranking *pari passu* with the existing Shares of that class.

**No bearer Shares or warrants**

2.13 The
 Company shall not issue Shares or warrants to bearers.

**Treasury Shares**

2.14 Shares
 that the Company purchases, redeems or acquires by way of surrender in accordance with the
 Act shall be held as Treasury Shares and not treated as cancelled if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Directors so determine prior to the purchase, redemption or surrender of those shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 relevant provisions of the Memorandum and Articles and the Act are otherwise complied with.

**Rights attaching to Treasury Shares and related matters**

2.15 No
 dividend may be declared or paid, and no other distribution (whether in cash or otherwise)
 of the Company's assets (including any distribution of assets to Members on a winding
 up) may be made to the Company in respect of a Treasury Share.

2.16 The
 Company shall be entered in the register of Members as the holder of the Treasury Shares.
 However:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company shall not be treated as a Member for any purpose and shall not exercise any right
 in respect of the Treasury Shares, and any purported exercise of such a right shall be void;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a
 Treasury Share shall not be voted, directly or indirectly, at any meeting of the Company
 and shall not be counted in determining the total number of issued shares at any given time,
 whether for the purposes of these Articles or the Act.

2.17 Nothing
 in Article 2.16 prevents an allotment of Shares as Fully Paid Up bonus shares in respect
 of a Treasury Share and Shares allotted as Fully Paid Up bonus shares in respect of a Treasury
 Share shall be treated as Treasury Shares.

2.18 Treasury
 Shares may be disposed of by the Company in accordance with the Act and otherwise on such
 terms and conditions as the Directors determine.

**Register of Members**

2.19 The
 Directors shall keep or cause to be kept a register of Members as required by the Act and
 may cause the Company to maintain one or more branch registers as contemplated by the Act,
 provided that where the Company is maintaining one or more branch registers, the Directors
 shall ensure that a duplicate of each branch register is kept with the Company's principal
 register of Members and updated within such number of days of any amendment having been made
 to such branch register as may be required by the Act.

2.20 The
 title to Shares listed on a Designated Stock Exchange may be evidenced and transferred in
 accordance with the laws applicable to the rules and regulations of the Designated Stock
 Exchange and, for these purposes, the register of Members may be maintained in accordance
 with section 40B of the Act.

**Annual Return**

2.21 The
 Directors in each calendar year shall prepare or cause to be prepared an annual return and
 declaration setting forth the particulars required by the Act and shall deliver a copy thereof
 to the registrar of companies for the Cayman Islands.

---

| | |
|:---|:---|
| **3** | **Share certificates** |

---

**Issue of share certificates**

3.1 A
 Member shall only be entitled to a share certificate if the Directors resolve that share
 certificates shall be issued. Share certificates representing Shares, if any, shall be in
 such form as the Directors may determine. If the Directors resolve that share certificates
 shall be issued, upon being entered in the register of Members as the holder of a Share,
 the Directors may issue to any Member:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) without
 payment, one certificate for all the Shares of each class held by that Member (and, upon
 transferring a part of the Member's holding of Shares of any class, to a certificate
 for the balance of that holding); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) upon
 payment of such reasonable sum as the Directors may determine for every certificate after
 the first, several certificates each for one or more of that Member's Shares.

3.2 Every
 certificate shall specify the number, class and distinguishing numbers (if any) of the Shares
 to which it relates and whether they are Fully Paid Up or Partly Paid Up. A certificate may
 be executed under seal or executed in such other manner as the Directors determine.

3.3 Every
 certificate shall bear legends required under the applicable laws, including the U.S. Securities
 Act (to the extent applicable).

3.4 The
 Company shall not be bound to issue more than one certificate for Shares held jointly by
 several persons and delivery of a certificate for a Share to one joint holder shall be a
 sufficient delivery to all of them.

**Renewal of lost or damaged share certificates**

3.5 If
 a share certificate is defaced, worn-out, lost or destroyed, it may be renewed on such terms
 (if any) as to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) evidence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) indemnity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) payment
 of the expenses reasonably incurred by the Company in investigating the evidence; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) payment
 of a reasonable fee, if any for issuing a replacement share certificate,

as the Directors may determine, and (in the case of defacement or wearing-out) on delivery to the Company of the old certificate.

---

| | |
|:---|:---|
| **4** | **Lien on Shares** |

---

**Nature and scope of lien**

4.1 The
 Company has a first and paramount lien on all Shares (whether Fully Paid Up or not) registered
 in the name of a Member (whether solely or jointly with others). The lien is for all monies
 payable to the Company by the Member or the Member's estate:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) either
 alone or jointly with any other person, whether or not that other person is a Member; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) whether
 or not those monies are presently payable.

4.2 At
 any time the Board may declare any Share to be wholly or partly exempt from the provisions
 of this Article.

**Company may sell Shares to satisfy lien**

4.3 The
 Company may sell any Shares over which it has a lien if all of the following conditions are
 met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 sum in respect of which the lien exists is presently payable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Company gives notice to the Member holding the Share (or to the person entitled to it in
 consequence of the death or bankruptcy of that Member) demanding payment and stating that
 if the notice is not complied with the Shares may be sold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) that
 sum is not paid within fourteen Clear Days after that notice is deemed to be given under
 these Articles,

and Shares to which this Article 4.3 applies shall be referred to as Lien Default Shares.

4.4 The
 Lien Default Shares may be sold in such manner as the Board determines.

4.5 To
 the maximum extent permitted by law, the Directors shall incur no personal liability to the
 Member concerned in respect of the sale.

**Authority to execute instrument of transfer**

4.6 To
 give effect to a sale, the Directors may authorise any person to execute an instrument of
 transfer of the Lien Default Shares sold to, or in accordance with the directions of, the
 purchaser.

4.7 The
 title of the transferee of the Lien Default Shares shall not be affected by any irregularity
 or invalidity in the proceedings in respect of the sale.

**Consequences of sale of Shares to satisfy lien**

4.8 On
 a sale pursuant to the preceding Articles:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 name of the Member concerned shall be removed from the register of Members as the holder
 of those Lien Default Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that
 person shall deliver to the Company for cancellation the certificate (if any) for those Lien
 Default Shares.

4.9 Notwithstanding
 the provisions of Article 4.8, such person shall remain liable to the Company for all monies
 which, at the date of sale, were presently payable by him to the Company in respect of those
 Lien Default Shares. That person shall also be liable to pay interest on those monies from
 the date of sale until payment at the rate at which interest was payable before that sale
 or, failing that, at the Default Rate. The Board may waive payment wholly or in part or enforce
 payment without any allowance for the value of the Lien Default Shares at the time of sale
 or for any consideration received on their disposal.

**Application of proceeds of sale**

4.10 The
 net proceeds of the sale, after payment of the costs, shall be applied in payment of so much
 of the sum for which the lien exists as is presently payable. Any residue shall be paid to
 the person whose Lien Default Shares have been sold:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if
 no certificate for the Lien Default Shares was issued, at the date of the sale; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 a certificate for the Lien Default Shares was issued, upon surrender to the Company of that
 certificate for cancellation

but, in either case, subject to the Company retaining a like lien for all sums not presently payable as existed on the Lien Default Shares before the sale.

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| | |
|:---|:---|
| **5** | **Calls on Shares and forfeiture** |

---

**Power to make calls and effect of calls**

5.1 Subject
 to the terms of allotment, the Board may make calls on the Members in respect of any monies
 unpaid on their Shares including any premium. The call may provide for payment to be by instalments.
 Subject to receiving at least 14 Clear Days' notice specifying when and where payment
 is to be made, each Member shall pay to the Company the amount called on his Shares as required
 by the notice.

5.2 Before
 receipt by the Company of any sum due under a call, that call may be revoked in whole or
 in part and payment of a call may be postponed in whole or in part. Where a call is to be
 paid in instalments, the Company may revoke the call in respect of all or any remaining instalments
 in whole or in part and may postpone payment of all or any of the remaining instalments in
 whole or in part.

5.3 A
 Member on whom a call is made shall remain liable for that call notwithstanding the subsequent
 transfer of the Shares in respect of which the call was made. He shall not be liable for
 calls made after he is no longer registered as Member in respect of those Shares.

**Time when call made**

5.4 A
 call shall be deemed to have been made at the time when the resolution of the Directors authorising
 the call was passed.

**Liability of joint holders**

5.5 Members
 registered as the joint holders of a Share shall be jointly and severally liable to pay all
 calls in respect of the Share.

**Interest on unpaid calls**

5.6 If
 a call remains unpaid after it has become due and payable the person from whom it is due
 and payable shall pay interest on the amount unpaid from the day it became due and payable
 until it is paid:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) at
 the rate fixed by the terms of allotment of the Share or in the notice of the call; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 no rate is fixed, at the Default Rate.

The Directors may waive payment of the interest wholly or in part.

**Deemed calls**

5.7 Any
 amount payable in respect of a Share, whether on allotment or on a fixed date or otherwise,
 shall be deemed to be payable as a call. If the amount is not paid when due the provisions
 of these Articles shall apply as if the amount had become due and payable by virtue of a
 call.

**Power to accept early payment**

5.8 The
 Company may accept from a Member the whole or a part of the amount remaining unpaid on Shares
 held by him although no part of that amount has been called up.

**Power to make different arrangements at time of issue of Shares**

5.9 Subject
 to the terms of allotment, the Directors may make arrangements on the issue of Shares to
 distinguish between Members in the amounts and times of payment of calls on their Shares.

**Notice of default**

5.10 If
 a call remains unpaid after it has become due and payable the Directors may give to the person
 from whom it is due not less than 14 Clear Days' notice requiring payment of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 amount unpaid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 interest which may have accrued; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 expenses which have been incurred by the Company due to that person's default.

5.11 The
 notice shall state the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 place where payment is to be made; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a
 warning that if the notice is not complied with the Shares in respect of which the call is
 made will be liable to be forfeited.

**Forfeiture or surrender of Shares**

5.12 If
 the notice given pursuant to Article 5.10 is not complied with, the Directors may, before
 the payment required by the notice has been received, resolve that any Share the subject
 of that notice be forfeited. The forfeiture shall include all dividends or other monies payable
 in respect of the forfeited Share and not paid before the forfeiture. Despite the foregoing,
 the Board may determine that any Share the subject of that notice be accepted by the Company
 as surrendered by the Member holding that Share in lieu of forfeiture.

**Disposal of forfeited or surrendered Share and power to cancel forfeiture or surrender**

5.13 A
 forfeited or surrendered Share may be sold, re-allotted or otherwise disposed of on such
 terms and in such manner as the Board determine either to the former Member who held that
 Share or to any other person. The forfeiture or surrender may be cancelled on such terms
 as the Directors think fit at any time before a sale, re-allotment or other disposition.
 Where, for the purposes of its disposal, a forfeited or surrendered Share is to be transferred
 to any person, the Directors may authorise some person to execute an instrument of transfer
 of the Share to the transferee.

**Effect of forfeiture or surrender on former Member**

5.14 On
 forfeiture or surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 name of the Member concerned shall be removed from the register of Members as the holder
 of those Shares and that person shall cease to be a Member in respect of those Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that
 person shall surrender to the Company for cancellation the certificate (if any) for the forfeited
 or surrendered Shares.

5.15 Despite
 the forfeiture or surrender of his Shares, that person shall remain liable to the Company
 for all monies which at the date of forfeiture or surrender were presently payable by him
 to the Company in respect of those Shares together with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 expenses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) interest
 from the date of forfeiture or surrender until payment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at
 the rate of which interest was payable on those monies before forfeiture; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if
 no interest was so payable, at the Default Rate.

The Directors, however, may waive payment wholly or in part.

**Evidence of forfeiture or surrender**

5.16 A
 declaration, whether statutory or under oath, made by a Director or the Secretary shall be
 conclusive evidence of the following matters stated in it as against all persons claiming
 to be entitled to forfeited Shares:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that
 the person making the declaration is a Director or Secretary of the Company, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that
 the particular Shares have been forfeited or surrendered on a particular date.

Subject to the execution of an instrument of transfer, if necessary, the declaration shall constitute good title to the Shares.

**Sale of forfeited or surrendered Shares**

5.17 Any
 person to whom the forfeited or surrendered Shares are disposed of shall not be bound to
 see to the application of the consideration, if any, of those Shares nor shall his title
 to the Shares be affected by any irregularity in, or invalidity of the proceedings in respect
 of, the forfeiture, surrender or disposal of those Shares.

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| | |
|:---|:---|
| **6** | **Transfer of Shares** |

---

**Form of Transfer**

6.1 Subject
 to the following Articles about the transfer of Shares, and provided that such transfer complies
 with applicable rules of the Designated Stock Exchange, a Member may freely transfer Shares
 to another person by completing an instrument of transfer in a common form or in a form prescribed
 by the Designated Stock Exchange (if such Shares are listed on the Designated Stock Exchange)
 or in any other form approved by the Directors, executed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) where
 the Shares are Fully Paid, by or on behalf of that Member; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) where
 the Shares are partly paid, by or on behalf of that Member and the transferee.

6.2 The
 transferor shall be deemed to remain the holder of a Share until the name of the transferee
 is entered into the register of Members.

**Power to refuse registration for Shares not listed on a Designated Stock Exchange**

6.3 Where
 the Shares in question are not listed on or subject to the rules of any Designated Stock
 Exchange, the Directors may in their absolute discretion decline to register any transfer
 of such Shares which are not Fully Paid Up or on which the Company has a lien. The Directors
 may also, but are not required to, decline to register any transfer of any such Share unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 instrument of transfer is lodged with the Company, accompanied by the certificate (if any)
 for the Shares to which it relates and such other evidence as the Board may reasonably require
 to show the right of the transferor to make the transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 instrument of transfer is in respect of only one class of Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 instrument of transfer is properly stamped, if required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) in
 the case of a transfer to joint holders, the number of joint holders to whom the Share is
 to be transferred does not exceed four;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 Shares transferred are Fully Paid Up and free of any lien in favour of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any
 applicable fee of such maximum sum as the Designated Stock Exchanges may determine to be
 payable, or such lesser sum as the Board may from time to time require, related to the transfer
 is paid to the Company.

**Suspension of transfers**

6.4 The
 registration of transfers may, on 14 Clear Days' notice being given by advertisement
 in such one or more newspapers or by electronic means, be suspended and the register of Members
 closed at such times and for such periods as the Directors may, in their absolute discretion,
 from time to time determine, provided always that such registration of transfer shall not
 be suspended nor the register of Members closed for more than 30 Clear Days in any year.

**Company may retain instrument of transfer**

6.5 All
 instruments of transfer that are registered shall be retained by the Company.

**Notice of refusal to register**

6.6 If
 the Directors refuse to register a transfer of any Shares not listed on a Designated Stock
 Exchange, they shall within one month after the date on which the instrument of transfer
 was lodged with the Company send to each of the transferor and the transferee notice of the
 refusal.

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| | |
|:---|:---|
| **7** | **Transmission of Shares** |

---

**Persons entitled on death of a Member**

7.1 If
 a Member dies, the only persons recognised by the Company as having any title to the deceased
 Members' interest are the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) where
 the deceased Member was a joint holder, the survivor or survivors; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) where
 the deceased Member was a sole holder, that Member's personal representative or representatives.

7.2 Nothing
 in these Articles shall release the deceased Member's estate from any liability in
 respect of any Share, whether the deceased was a sole holder or a joint holder.

**Registration of transfer of a Share following death or bankruptcy**

7.3 A
 person becoming entitled to a Share in consequence of the death or bankruptcy of a Member
 may elect to do either of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 become the holder of the Share; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to
 transfer the Share to another person.

7.4 That
 person must produce such evidence of his entitlement as the Directors may properly require.

7.5 If
 the person elects to become the holder of the Share, he must give notice to the Company to
 that effect. For the purposes of these Articles, that notice shall be treated as though it
 were an executed instrument of transfer.

7.6 If
 the person elects to transfer the Share to another person then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if
 the Share is Fully Paid Up, the transferor must execute an instrument of transfer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 the Share is nil or Partly Paid Up, the transferor and the transferee must execute an instrument
 of transfer.

7.7 All
 the Articles relating to the transfer of Shares shall apply to the notice or, as appropriate,
 the instrument of transfer.

**Indemnity**

7.8 A
 person registered as a Member by reason of the death or bankruptcy of another Member shall
 indemnify the Company and the Directors against any loss or damage suffered by the Company
 or the Directors as a result of that registration.

**Rights of person entitled to a Share following death or bankruptcy**

7.9 A
 person becoming entitled to a Share by reason of the death or bankruptcy of a Member shall
 have the rights to which he would be entitled if he were registered as the holder of the
 Share. But, until he is registered as Member in respect of the Share, he shall not be entitled
 to attend or vote at any meeting of the Company or at any separate meeting of the holders
 of that class of Shares.

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| | |
|:---|:---|
| **8** | **Alteration of capital** |

---

**Increasing, consolidating, converting, dividing and cancelling share capital**

8.1 To
 the fullest extent permitted by the Act, the Company may by Ordinary Resolution do any of
 the following and amend its Memorandum for that purpose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase
 its share capital by new Shares of the amount fixed by that Ordinary Resolution and with
 the attached rights, priorities and privileges set out in that Ordinary Resolution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) consolidate
 and divide all or any of its share capital into Shares of larger amount than its existing
 Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) convert
 all or any of its Paid Up Shares into stock, and reconvert that stock into Paid Up Shares
 of any denomination;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) sub-divide
 its Shares or any of them into Shares of an amount smaller than that fixed by the Memorandum,
 so, however, that in the sub-division, the proportion between the amount paid and the amount,
 if any, unpaid on each reduced Share shall be the same as it was in case of the Share from
 which the reduced Share is derived; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) cancel
 Shares which, at the date of the passing of that Ordinary Resolution, have not been taken
 or agreed to be taken by any person, and diminish the amount of its share capital by the
 amount of the Shares so cancelled or, in the case of Shares without nominal par value, diminish
 the number of Shares into which its capital is divided.

**Dealing with fractions resulting from consolidation of Shares**

8.2 Whenever,
 as a result of a consolidation of Shares, any Members would become entitled to fractions
 of a Share the Directors may on behalf of those Members deal with the fractions as it thinks
 fit, including (without limitation):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) either
 round up or down the fraction to the nearest whole number, such rounding to be determined
 by the Directors acting in their sole discretion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) sell
 the Shares representing the fractions for the best price reasonably obtainable to any person
 (including, subject to the provisions of the Act, the Company); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) distribute
 the net proceeds in due proportion among those Members.

8.3 For
 the purposes of Article 8.2, the Directors may authorise some person to execute an instrument
 of transfer of the Shares to, in accordance with the directions of, the purchaser. The transferee
 shall not be bound to see to the application of the purchase money nor shall the transferee's
 title to the Shares be affected by any irregularity in, or invalidity of, the proceedings
 in respect of the sale.

**Reducing share capital**

8.4 Subject
 to the Act and to any rights for the time being conferred on the Members holding a particular
 class of Shares, the Company may, by Special Resolution, reduce its share capital in any
 way.

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| | |
|:---|:---|
| **9** | **Redemption and purchase of own Shares** |

---

**Power to issue redeemable Shares and to purchase own Shares**

9.1 Subject
 to the Act and to any rights for the time being conferred on the Members holding a particular
 class of Shares, the Company may by its Directors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issue
 Shares that are to be redeemed or liable to be redeemed, at the option of the Company or
 the Member holding those redeemable Shares, on the terms and in the manner its Directors
 determine before the issue of those Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with
 the consent by Special Resolution of the Members holding Shares of a particular class, vary
 the rights attaching to that class of Shares so as to provide that those Shares are to be
 redeemed or are liable to be redeemed at the option of the Company on the terms and in the
 manner which the Directors determine at the time of such variation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) purchase
 all or any of its own Shares of any class including any redeemable Shares on the terms and
 in the manner which the Directors determine at the time of such purchase.

The Company may make a payment in respect of the redemption or purchase of its own Shares in any manner authorised by the Act, including out of any combination of the following: capital, its profits and the proceeds of a fresh issue of Shares. No share may be redeemed or purchased unless it is Fully Paid Up.

**Power to pay for redemption or purchase in cash or in specie**

9.2 When
 making a payment in respect of the redemption or purchase of Shares, the Directors may make
 the payment in cash or *in specie* (or partly in one and partly in the other) if so
 authorised by the terms of the allotment of those Shares or by the terms applying to those
 Shares in accordance with Article 9.1, or otherwise by agreement with the Member holding
 those Shares.

**Effect of redemption or purchase of a Share**

9.3 Upon
 the date of redemption or purchase of a Share:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Member holding that Share shall cease to be entitled to any rights in respect of the Share
 other than the right to receive:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 price for the Share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any
 dividend declared in respect of the Share prior to the date of redemption or purchase;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Member's name shall be removed from the register of Members with respect to the Share;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Share shall be cancelled or held as a Treasury Share, as the Directors may determine.

9.4 For
 the purpose of Article 9.3, the date of redemption or purchase is the date when the Member's
 name is removed from the register of Members with respect to the Shares the subject of the
 redemption or purchase.

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| | |
|:---|:---|
| **10** | **Meetings of Members** |

---

**Annual and extraordinary general meetings**

10.1 The
 Company may, but shall not (unless required by the Designated Stock Exchange Rules) be obligated
 to, in each year hold a general meeting as an annual general meeting, which, if held, shall
 be convened by the Board, in accordance with these Articles.

10.2 All
 general meetings other than annual general meetings shall be called extraordinary general
 meetings.

**Power to call meetings**

10.3 The
 Directors may call a general meeting at any time.

10.4 If
 there are insufficient Directors to constitute a quorum and the remaining Directors are unable
 to agree on the appointment of additional Directors, the Directors must call a general meeting
 for the purpose of appointing additional Directors.

10.5 The
 Directors must also call a general meeting if requisitioned in the manner set out in the
 next two Articles.

10.6 The
 requisition must be in writing and given by one or more Members who together hold at least
 ten per cent of the rights to vote at such general meeting.

10.7 The
 requisition must also:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) specify
 the purpose of the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) be
 signed by or on behalf of each requisitioner (and for this purpose each joint holder shall
 be obliged to sign). The requisition may consist of several documents in like form signed
 by one or more of the requisitioners; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) be
 delivered in accordance with the notice provisions.

10.8 Should
 the Directors fail to call a general meeting within 21 Clear Days' from the date of
 receipt of a requisition, the requisitioners or any of them may call a general meeting within
 three months after the end of that period.

10.9 Without
 limitation to the foregoing, if there are insufficient Directors to constitute a quorum and
 the remaining Directors are unable to agree on the appointment of additional Directors, any
 one or more Members who together hold at least five per cent of the rights to vote at a general
 meeting may call a general meeting for the purpose of considering the business specified
 in the notice of meeting which shall include as an item of business the appointment of additional
 Directors.

10.10 If
 the Members call a meeting under the above provisions, the Company shall reimburse their
 reasonable expenses.

**Content of notice**

10.11 Notice
 of a general meeting shall specify each of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 place, the date and the hour of the meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) whether
 the meeting will be held virtually, at a physical place or both;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 the meeting is to be held in any part at a physical place, the address of such place;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if
 the meeting is to be held in two or more places, or in any part virtually, the Electronic
 Communication Facilities that will be used to facilitate the meeting, including the procedures
 to be followed by any Member or other participant of the meeting who wishes to utilise such
 Electronic Communication Facilities for the purposes of attending and participating in such
 meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) subject
 to paragraph (f) and the requirements of (to the extent applicable) the Designated Stock
 Exchange Rules, the general nature of the business to be transacted; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) if
 a resolution is proposed as a Special Resolution, the text of that resolution.

10.12 In
 each notice there shall appear with reasonable prominence the following statements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that
 a Member who is entitled to attend and vote is entitled to appoint one or more proxies to
 attend and vote instead of that Member; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that
 a proxyholder need not be a Member.

**Period of notice**

10.13 At
 least five Clear Days' notice must be given to Members for any general meeting.

10.14 Subject
 to the Act, a meeting may be convened on shorter notice, subject to the Act with the consent
 of the Member or Members who, individually or collectively, hold at least ninety per cent
 of the voting rights of all those who have a right to vote at that meeting.

**Persons entitled to receive notice**

10.15 Subject
 to the provisions of these Articles and to any restrictions imposed on any Shares, the notice
 shall be given to the following people:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Members

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) persons
 entitled to a Share in consequence of the death or bankruptcy of a Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Directors; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 Auditors.

10.16 The
 Board may determine that the Members entitled to receive notice of, attend and vote at a
 meeting are those persons entered on the register of Members at the close of business on
 a day determined by the Board.

**Accidental omission to give notice or non-receipt of notice**

10.17 Proceedings
 at a meeting shall not be invalidated by the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an
 accidental failure to give notice of the meeting to any person entitled to notice; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) non-receipt
 of notice of the meeting by any person entitled to notice.

10.18 In
 addition, where a notice of meeting is published on a website proceedings at the meeting
 shall not be invalidated merely because it is accidentally published:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 a different place on the website; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for
 part only of the period from the date of the notification until the conclusion of the meeting
 to which the notice relates.

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| | |
|:---|:---|
| **11** | **Proceedings at meetings of Members** |

---

**Quorum**

11.1 Save
 as provided in the following Article, no business shall be transacted at any meeting unless
 a quorum is present in person or by proxy at the meeting. A quorum is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if
 the Company has only one Member: that Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 the Company has more than one Member: one or more Members holding Shares that represent not
 less than one-third of the outstanding Shares carrying the right to vote at such general
 meeting.

**Lack of quorum**

11.2 If
 a quorum is not present at the meeting within fifteen minutes of the time appointed for the
 meeting, or if at any time during the meeting it becomes inquorate, then the following provisions
 apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If
 the meeting was requisitioned by Members, it shall be cancelled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In
 any other case, the meeting shall stand adjourned to the same time and place seven days hence,
 or to such other time or place as is determined by the Directors. If a quorum is not present
 at the meeting within fifteen minutes of the time appointed for the adjourned meeting, then
 the Members present in person or by proxy at the meeting shall constitute a quorum.

**Chairman**

11.3 The
 chairman of a general meeting (including any Virtual Meeting) shall be the chairman of the
 Board or such other Director as the Directors may determine. Absent any such person being
 present at the meeting within fifteen minutes of the time appointed for the meeting, the
 Directors present shall elect one of their number to chair the meeting. The chairman of the
 meeting shall be entitled to attend and participate at any such general meeting by means
 of Electronic Communication Facilities, and to act as the chairman of such general meeting,
 in which event the chairman of the meeting shall be deemed to be present at the meeting.

11.4 If
 no Director is present within fifteen minutes of the time appointed for the meeting, or if
 no Director is willing to act as chairman, the Members present in person or by proxy and
 entitled to vote shall choose one of their number to chair the meeting.

**Right of a Director to attend and speak**

11.5 Even
 if a Director is not a Member, he shall be entitled to attend and speak at any general meeting
 and at any separate meeting of Members holding a particular class of Shares.

**Accommodation of Members at Virtual Meeting**

11.6 A
 Member entitled to receive notice and attend a meeting will be deemed to be in attendance
 at such meeting despite their attendance being virtual if adequate facilities are available
 to ensure that the Member is able to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 participate in the business for which the meeting has been convened; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to
 hear all that happens at the meeting.

Without limiting the generality of the foregoing, the Directors may determine that any general meeting may be held as a Virtual Meeting.

**Security**

11.7 In
 addition to any measures which the Board may be required to take due to the location or venue
 of the meeting, the Board may make any arrangement and impose any restriction it considers
 appropriate and reasonable in the circumstances to ensure the security of a meeting including,
 without limitation, the searching of any person attending the meeting and the imposing of
 restrictions on the items of personal property that may be taken into the meeting place.
 The Board may refuse entry to, or eject from, a meeting a person who refuses to comply with
 any such arrangements or restrictions.

**Adjournment, postponement and cancellation**

11.8 A
 meeting may be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) postponed
 or cancelled prior to the meeting at the discretion of the Directors by written notice provided
 to all persons entitled to attend the meeting, unless the meeting was requisitioned by Members
 or otherwise called by Members pursuant to Article 10; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) adjourned,
 with or without an appointed date for resumption, at any time during the meeting at the discretion
 of the chairman with the consent of the Members constituting a quorum.

The chairman must adjourn the meeting if so directed by the Members constituting a quorum at the meeting. No business, however, can be transacted at an adjourned or postponed meeting other than business which might properly have been transacted at the original meeting.

11.9 Should
 a meeting be adjourned for more than seven Clear Days, whether because of a lack of quorum
 or otherwise, Members shall be given at least seven Clear Days' notice of the date,
 time and place of the adjourned meeting and the general nature of the business to be transacted.
 Otherwise it shall not be necessary to give any notice of the adjournment.

**Method of voting**

11.10 A
 resolution put to the vote of the meeting shall be decided on a poll.

**Taking of a poll**

11.11 A
 poll shall be taken in such manner as the chairman directs. He may appoint scrutineers (who
 need not be Members) and fix a place and time for declaring the result of the poll. If, through
 the aid of technology, the meeting is held as a Virtual Meeting or in more than one place,
 the chairman may appoint scrutineers virtually and in more than one place; but if he considers
 that the poll cannot be effectively monitored at that meeting, the chairman shall adjourn
 the holding of the poll to a date, place and time when that can occur.

**Chairman's casting vote**

11.12 In
 the case of an equality of votes, the Chairman of the meeting shall be entitled to a second
 or casting vote.

**Written resolutions**

11.13 Without
 limitation to section 60(1) of the Act, Members may pass a Special Resolution in writing
 without holding a meeting if the following conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 Members entitled to vote on the resolution are given notice of the resolution as if the same
 were being proposed at a meeting of Members;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 Members entitled so to vote;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) sign
 a document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) sign
 several documents in the like form each signed by one or more of those Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 signed document or documents is or are delivered to the Company, including, if the Company
 so nominates, by delivery of an Electronic Record by Electronic means to the address specified
 for that purpose.

Such written resolution, which shall be as effective as if it had been passed at a meeting of the Members entitled to vote duly convened and held, is passed when all such Members have so signified their agreement to the resolution.

11.14 Members
 may pass an Ordinary Resolution in writing without holding a meeting if the following conditions
 are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 Members entitled to vote on the resolution are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) given
 notice of the resolution as if the same were being proposed at a meeting of Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) notified
 in the same or an accompanying notice of the date by which the resolution must be passed
 if it is not to lapse, being a period of 7 days beginning with the date that the notice is
 first given;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 required majority of the Members entitled so to vote:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) sign
 a document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) sign
 several documents in the like form each signed by one or more of those Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 signed document or documents is or are delivered to the Company, including, if the Company
 so nominates, by delivery of an Electronic Record by Electronic means to the address specified
 for that purpose.

Such written resolution, which shall be as effective as if it had been passed at a meeting of the Members entitled to vote duly convened and held, is passed upon the later of these dates: (i) subject to the following Article, the date next immediately following the end of the period of 5 days beginning with the date that notice of the resolution is first given and (ii) the date when the required majority have so signified their agreement to the resolution. However, the proposed written resolution lapses if it is not passed before the end of the period of 7 days beginning with the date that notice of it is first given.

11.15 If
 all Members entitled to be given notice of the Ordinary Resolution consent, a written resolution
 may be passed as soon as the required majority have signified their agreement to the resolution,
 without any minimum period of time having first elapsed. Save that the consent of the majority
 may be incorporated in the written resolution, each consent shall be in writing or given
 by Electronic Record and shall otherwise be given to the Company in accordance with Article
 28 (*Notices*) prior to the written resolution taking effect.

11.16 The
 Directors may determine the manner in which written resolutions shall be put to Members.
 In particular, they may provide, in the form of any written resolution, for each Member to
 indicate, out of the number of votes the Member would have been entitled to cast at a meeting
 to consider the resolution, how many votes he wishes to cast in favour of the resolution
 and how many against the resolution or to be treated as abstentions. The result of any such
 written resolution shall be determined on the same basis as on a poll.

11.17 If
 a written resolution is described as a Special Resolution or as an Ordinary Resolution, it
 has effect accordingly.

**Sole-Member Company**

11.18 If
 the Company has only one Member, and the Member records in writing his decision on a question,
 that record shall constitute both the passing of a resolution and the minute of it.

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| | |
|:---|:---|
| **12** | **Voting rights of Members** |

---

**Right to vote**

12.1 Unless
 their Shares carry no right to vote, or unless a call or other amount presently payable has
 not been paid, all Members are entitled to vote at a general meeting, and all Members holding
 Shares of a particular class of Shares are entitled to vote at a meeting of the holders of
 that class of Shares.

12.2 Members
 may vote in person or by proxy.

12.3 On
 a poll a Member shall have one vote for each Share he holds, unless any Share carries special
 voting rights.

12.4 No
 Member is bound to vote on his Shares or any of them; nor is he bound to vote each of his
 Shares in the same way.

**Rights of joint holders**

12.5 If
 Shares are held jointly, only one of the joint holders may vote. If more than one of the
 joint holders tenders a vote, the vote of the holder whose name in respect of those Shares
 appears first in the register of Members shall be accepted to the exclusion of the votes
 of the other joint holder.

**Representation of corporate Members**

12.6 Save
 where otherwise provided, a corporate Member must act by a duly authorised representative.

12.7 A
 corporate Member wishing to act by a duly authorised representative must identify that person
 to the Company by notice in writing.

12.8 The
 authorisation may be for any period of time, and must be delivered to the Company before
 the commencement of the meeting at which it is first used.

12.9 The
 Directors of the Company may require the production of any evidence which they consider necessary
 to determine the validity of the notice.

12.10 Where
 a duly authorised representative is present at a meeting that Member is deemed to be present
 in person; and the acts of the duly authorised representative are personal acts of that Member.

12.11 A
 corporate Member may revoke the appointment of a duly authorised representative at any time
 by notice to the Company; but such revocation will not affect the validity of any acts carried
 out by the duly authorised representative before the Directors of the Company had actual
 notice of the revocation.

**Member with mental disorder**

12.12 A
 Member in respect of whom an order has been made by any court having jurisdiction (whether
 in the Cayman Islands or elsewhere) in matters concerning mental disorder may vote, by that
 Member's receiver, *curator bonis* or other person authorised in that behalf appointed
 by that court.

12.13 For
 the purpose of the preceding Article, evidence to the satisfaction of the Directors of the
 authority of the person claiming to exercise the right to vote must be received not less
 than 24 hours before holding the relevant meeting or the adjourned meeting in any manner
 specified for the delivery of forms of appointment of a proxy, whether in writing or by Electronic
 means. In default, the right to vote shall not be exercisable.

**Objections to admissibility of votes**

12.14 An
 objection to the validity of a person's vote may only be raised at the meeting or at
 the adjourned meeting at which the vote is sought to be tendered. Any objection duly made
 shall be referred to the chairman whose decision shall be final and conclusive.

**Form of proxy**

12.15 An
 instrument appointing a proxy shall be in any common form or in any other form approved by
 the Directors.

12.16 The
 instrument must be in writing and signed in one of the following ways:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by
 the Member; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 the Member's authorised attorney; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 the Member is a corporation or other body corporate, under seal or signed by an authorised
 officer, secretary or attorney.

If the Directors so resolve, the Company may accept an Electronic Record of that instrument delivered in the manner specified below and otherwise satisfying the Articles about authentication of Electronic Records.

12.17 The
 Directors may require the production of any evidence which they consider necessary to determine
 the validity of any appointment of a proxy.

12.18 A
 Member may revoke the appointment of a proxy at any time by notice to the Company duly signed
 in accordance with Article 12.16.

12.19 No
 revocation by a Member of the appointment of a proxy made in accordance with Article 12.18
 will affect the validity of any acts carried out by the relevant proxy before the Directors
 of the Company had actual notice of the revocation.

**How and when proxy is to be delivered**

12.20 Subject
 to the following Articles, the Directors may, in the notice convening any meeting or adjourned
 meeting, or in an instrument of proxy sent out by the Company, specify the manner by which
 the instrument appointing a proxy shall be deposited and the place and the time (being not
 later than the time appointed for the commencement of the meeting or adjourned meeting to
 which the proxy relates) at which the instrument appointing a proxy shall be deposited. In
 the absence of any such direction from the Directors in the notice convening any meeting
 or adjourned meeting or in an instrument of proxy sent out by the Company, the form of appointment
 of a proxy and any authority under which it is signed (or a copy of the authority certified
 notarially or in any other way approved by the Directors) must be delivered so that it is
 received by the Company before the time for holding the meeting or adjourned meeting at which
 the person named in the form of appointment of proxy proposes to vote. They must be delivered
 in either of the following ways:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In
 the case of an instrument in writing, it must be left at or sent by post:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to
 the registered office of the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to
 such other place within the Cayman Islands specified in the notice convening the meeting
 or in any form of appointment of proxy sent out by the Company in relation to the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If,
 pursuant to the notice provisions, a notice may be given to the Company in an Electronic
 Record, an Electronic Record of an appointment of a proxy must be sent to the address specified
 pursuant to those provisions unless another address for that purpose is specified:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in
 the notice convening the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in
 any form of appointment of a proxy sent out by the Company in relation to the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in
 any invitation to appoint a proxy issued by the Company in relation to the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding
 Article 12.20(a) and Article 12.20(b), the chairman of the Company may, in any event at his
 discretion, direct that an instrument of proxy shall be deemed to have been duly deposited.

12.21 If
 the form of appointment of proxy is not delivered on time, it is invalid.

12.22 When
 two or more valid but differing appointments of proxy are delivered or received in respect
 of the same Share for use at the same meeting and in respect of the same matter, the one
 which is last validly delivered or received (regardless of its date or of the date of its
 execution) shall be treated as replacing and revoking the other or others as regards that
 Share. lf the Company is unable to determine which appointment was last validly delivered
 or received, none of them shall be treated as valid in respect of that Share.

12.23 The
 Board may at the expense of the Company send forms of appointment of proxy to the Members
 by post (that is to say, pre-paying and posting a letter), or by Electronic communication
 or otherwise (with or without provision for their return by pre-paid post) for use at any
 general meeting or at any separate meeting of the holders of any class of Shares, either
 blank or nominating as proxy in the alternative any one or more of the Directors or any other
 person. lf for the purpose of any meeting invitations to appoint as proxy a person or one
 of a number of persons specified in the invitations are issued at the Company's expense,
 they shall be issued to all (and not to some only) of the Members entitled to be sent notice
 of the meeting and to vote at it. The accidental omission to send such a form of appointment
 or to give such an invitation to, or the non-receipt of such form of appointment by, any
 Member entitled to attend and vote at a meeting shall not invalidate the proceedings at that
 meeting

**Voting by proxy**

12.24 A
 proxy shall have the same voting rights at a meeting or adjourned meeting as the Member would
 have had except to the extent that the instrument appointing him limits those rights. Notwithstanding
 the appointment of a proxy, a Member may attend and vote at a meeting or adjourned meeting.
 If a Member votes on any resolution a vote by his proxy on the same resolution, unless in
 respect of different Shares, shall be invalid.

12.25 The
 instrument appointing a proxy to vote at a meeting shall not confer any further right to
 speak at the meeting, except with the permission of the chairman of the meeting.

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| | |
|:---|:---|
| **13** | **Number of Directors** |

---

13.1 There
 shall be a Board consisting of not less than one person provided however that the Company
 may by Ordinary Resolution increase or reduce the limits in the number of Directors. Unless
 fixed by Ordinary Resolution, the maximum number of Directors shall be unlimited.

---

| | |
|:---|:---|
| **14** | **Appointment, disqualification and removal of Directors** |

---

**First Directors**

14.1 The
 first Directors shall be appointed in writing by the subscriber or subscribers to the Memorandum,
 or a majority of them.

**No age limit**

14.2 There
 is no age limit for Directors save that they must be at least eighteen years of age.

**Corporate Directors**

14.3 Unless
 prohibited by law, a body corporate may be a Director. If a body corporate is a Director,
 the Articles about representation of corporate Members at general meetings apply, mutatis
 mutandis, to the Articles about Directors' meetings.

**No shareholding qualification**

14.4 Unless
 a shareholding qualification for Directors is fixed by Ordinary Resolution, no Director shall
 be required to own Shares as a condition of his appointment.

**Appointment of Directors**

14.5 A
 Director may be appointed by Ordinary Resolution or by the Directors. Any appointment may
 be to fill a vacancy or as an additional Director.

14.6 A
 remaining Director may appoint a Director even though there is not a quorum of Directors.

14.7 No
 appointment can cause the number of Directors to exceed the maximum (if one is set); and
 any such appointment shall be invalid.

14.8 For
 so long as Shares are listed on a Designated Stock Exchange, the Directors shall include
 at least such number of Independent Directors as applicable law, rules or regulations or
 the Designated Stock Exchange Rules require as determined by the Board.

**Board's power to appoint Directors**

14.9 Without
 prejudice to the Company's power to appoint a person to be a Director pursuant to these
 Articles, the Board shall have power at any time to appoint any person who is willing to
 act as a Director, either to fill a vacancy or as an addition to the existing Board, subject
 to the total number of Directors not exceeding any maximum number fixed by or in accordance
 with these Articles.

14.10 An
 appointment of a Director may be on terms that the Director shall automatically retire from
 office (unless he has sooner vacated office) at the next or a subsequent annual general meeting
 or upon any specified event or after any specified period in a written agreement between
 the Company and the Director, if any; but no such term shall be implied in the absence of
 express provision. Each Director whose term of office expires shall be eligible for re-election
 at a meeting of the Members or re-appointment by the Board.

**Removal of Directors**

14.11 A
 Director may be removed by Ordinary Resolution.

**Resignation of Directors**

14.12 A
 Director may at any time resign office by giving to the Company notice in writing or, if
 permitted pursuant to the notice provisions, in an Electronic Record delivered in either
 case in accordance with those provisions.

14.13 Unless
 the notice specifies a different date, the Director shall be deemed to have resigned on the
 date that the notice is delivered to the Company.

**Termination of the office of Director**

14.14 A
 Director may retire from office as a Director by giving notice in writing to that effect
 to the Company at the registered office, which notice shall be effective upon such date as
 may be specified in the notice, failing which upon delivery to the registered office.

14.15 Without
 prejudice to the provisions in these Articles for retirement (by rotation or otherwise),
 a Director's office shall be terminated forthwith if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) he
 is prohibited by the law of the Cayman Islands from acting as a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) he
 is made bankrupt or makes an arrangement or composition with his creditors generally; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) he
 resigns his office by notice to the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) he
 only held office as a Director for a fixed term and such term expires; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) in
 the opinion of a registered medical practitioner by whom he is being treated he becomes physically
 or mentally incapable of acting as a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) he
 is given notice by the majority of the other Directors (not being less than two in number)
 to vacate office (without prejudice to any claim for damages for breach of any agreement
 relating to the provision of the services of such Director); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) he
 is made subject to any law relating to mental health or incompetence, whether by court order
 or otherwise; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) without
 the consent of the other Directors, he is absent from meetings of Directors for a continuous
 period of six months.

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| | |
|:---|:---|
| **15** | **Alternate Directors** |

---

**Appointment and removal**

15.1 Any
 Director may appoint any other person, including another Director, to act in his place as
 an alternate Director. No appointment shall take effect until the Director has given notice
 of the appointment to the Board.

15.2 A
 Director may revoke his appointment of an alternate at any time. No revocation shall take
 effect until the Director has given notice of the revocation to the Board.

15.3 A
 notice of appointment or removal of an alternate Director shall be effective only if given
 to the Company by one or more of the following methods:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by
 notice in writing in accordance with the notice provisions contained in these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 the Company has a facsimile address for the time being, by sending by facsimile transmission
 to that facsimile address a facsimile copy or, otherwise, by sending by facsimile transmission
 to the facsimile address of the Company's registered office a facsimile copy (in either
 case, the facsimile copy being deemed to be the notice unless Article 29.7 applies), in which
 event notice shall be taken to be given on the date of an error-free transmission report
 from the sender's fax machine;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 the Company has an email address for the time being, by emailing to that email address a
 scanned copy of the notice as a PDF attachment or, otherwise, by emailing to the email address
 provided by the Company's registered office a scanned copy of the notice as a PDF attachment
 (in either case, the PDF version being deemed to be the notice unless Article 29.7 applies),
 in which event notice shall be taken to be given on the date of receipt by the Company or
 the Company's registered office (as appropriate) in readable form; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if
 permitted pursuant to the notice provisions, in some other form of approved Electronic Record
 delivered in accordance with those provisions in writing.

**Notices**

15.4 All
 notices of meetings of Directors shall continue to be given to the appointing Director and
 not to the alternate.

**Rights of alternate Director**

15.5 An
 alternate Director shall be entitled to attend and vote at any Board meeting or meeting of
 a committee of the Directors at which the appointing Director is not personally present,
 and generally to perform all the functions of the appointing Director in his absence. An
 alternate Director, however, is not entitled to receive any remuneration from the Company
 for services rendered as an alternate Director.

**Appointment ceases when the appointor ceases to be a Director**

15.6 An
 alternate Director shall cease to be an alternate Director if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Director who appointed him ceases to be a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Director who appointed him revokes his appointment by notice delivered to the Board or to
 the registered office of the Company or in any other manner approved by the Board; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 any event happens in relation to him which, if he were a Director of the Company, would cause
 his office as Director to be vacated.

**Status of alternate Director**

15.7 An
 alternate Director shall carry out all functions of the Director who made the appointment.

15.8 Save
 where otherwise expressed, an alternate Director shall be treated as a Director under these
 Articles.

15.9 An
 alternate Director is not the agent of the Director appointing him.

15.10 An
 alternate Director is not entitled to any remuneration for acting as alternate Director.

**Status of the Director making the appointment**

15.11 A
 Director who has appointed an alternate is not thereby relieved from the duties which he
 owes the Company.

16 Powers of Directors

**Powers of Directors**

16.1 Subject
 to the provisions of the Act, the Memorandum and these Articles the business of the Company
 shall be managed by the Directors who may for that purpose exercise all the powers of the
 Company.

16.2 No
 prior act of the Directors shall be invalidated by any subsequent alteration of the Memorandum
 or these Articles. However, to the extent allowed by the Act, Members may, by Special Resolution,
 validate any prior or future act of the Directors which would otherwise be in breach of their
 duties.

**Directors below the minimum number**

16.3 lf
 the number of Directors is less than the minimum prescribed in accordance with these Articles,
 the remaining Director or Directors shall act only for the purposes of appointing an additional
 Director or Directors to make up such minimum or of convening a general meeting of the Company
 for the purpose of making such appointment. lf there are no Director or Directors able or
 willing to act, any two Members may summon a general meeting for the purpose of appointing
 Directors. Any additional Director so appointed shall hold office (subject to these Articles)
 only until the dissolution of the annual general meeting next following such appointment
 unless he is re-elected during such meeting.

**Appointments to office**

16.4 The
 Directors may appoint a Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as
 chairman of the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) as
 managing Director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to
 any other executive office,

for such period, and on such terms, including as to remuneration as they think fit.

16.5 The
 appointee must consent in writing to holding that office.

16.6 Where
 a chairman is appointed he shall, unless unable to do so, preside at every meeting of Directors.

16.7 If
 there is no chairman, or if the chairman is unable to preside at a meeting, that meeting
 may select its own chairman; or the Directors may nominate one of their number to act in
 place of the chairman should he ever not be available.

16.8 Subject
 to the provisions of the Act, the Directors may also appoint and remove any person, who need
 not be a Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as
 Secretary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to
 any office that may be required

for such period and on such terms, including as to remuneration, as they think fit. In the case of an Officer, that Officer may be given any title the Directors decide.

16.9 The
 Secretary or Officer must consent in writing to holding that office.

16.10 A
 Director, Secretary or other Officer of the Company may not the hold the office, or perform
 the services, of auditor.

**Provisions for employees**

16.11 The
 Board may make provision for the benefit of any persons employed or formerly employed by
 the Company or any of its subsidiary undertakings (or any member of his family or any person
 who is dependent on him) in connection with the cessation or the transfer to any person of
 the whole or part of the undertaking of the Company or any of its subsidiary undertakings.

**Exercise of voting rights**

16.12 The
 Board may exercise the voting power conferred by the Shares in any body corporate held or
 owned by the Company in such manner in all respects as it thinks fit (including, without
 limitation, the exercise of that power in favour of any resolution appointing any Director
 as a Director of such body corporate, or voting or providing for the payment of remuneration
 to the Directors of such body corporate).

**Remuneration**

16.13 Every
 Director may be remunerated by the Company for the services he provides for the benefit of
 the Company, whether as Director, employee or otherwise, and shall be entitled to be paid
 for the expenses incurred in the Company's business including attendance at Directors'
 meetings.

16.14 Until
 otherwise determined by the Company by Ordinary Resolution, the Directors (other than alternate
 Directors) shall be entitled to such remuneration by way of fees for their services in the
 office of Director as the Directors may determine.

16.15 Remuneration
 may take any form and may include arrangements to pay pensions, health insurance, death or
 sickness benefits, whether to the Director or to any other person connected to or related
 to him.

16.16 Unless
 his fellow Directors determine otherwise, a Director is not accountable to the Company for
 remuneration or other benefits received from any other company which is in the same group
 as the Company or which has common shareholdings.

**Disclosure of information**

16.17 Subject
 to compliance with applicable laws, including the applicable federal securities laws of the
 United States, the Directors may release or disclose to a third party any information regarding
 the affairs of the Company, including any information contained in the register of Members
 relating to a Member, (and they may authorise any Director, Officer or other authorised agent
 of the Company to release or disclose to a third party any such information in his possession)
 if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company or that person, as the case may be, is lawfully required to do so under the laws
 of any jurisdiction to which the Company is subject; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) such
 disclosure is in compliance with the Designated Stock Exchange Rules; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) such
 disclosure is in accordance with any contract entered into by the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 Directors are of the opinion such disclosure would assist or facilitate the Company's
 operations.

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| | |
|:---|:---|
| **17** | **Delegation of powers** |

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**Power to delegate any of the Directors' powers to a committee**

17.1 The
 Directors may delegate any of their powers to any committee consisting of one or more persons
 who need not be Members. Persons on the committee may include non-Directors so long as the
 majority of those persons are Directors. For so long as Shares are listed on a Designated
 Stock Exchange, any such committee shall be made up of such number of Independent Directors
 as required from time to time by the Designated Stock Exchange Rules or otherwise required
 by applicable law.

17.2 The
 delegation may be collateral with, or to the exclusion of, the Directors' own powers.

17.3 The
 delegation may be on such terms as the Directors think fit, including provision for the committee
 itself to delegate to a sub-committee; save that any delegation must be capable of being
 revoked or altered by the Directors at will.

17.4 Unless
 otherwise permitted by the Directors, a committee must follow the procedures prescribed for
 the taking of decisions by Directors.

17.5 For
 so long as the Shares are listed on a Designated Stock Exchange, the Board shall, if required
 by the Designated Stock Exchange Rules, establish an audit committee, a compensation committee
 and a nominating and corporate governance committee. Each of these committees shall be empowered
 to do all things necessary to exercise the rights of such committee set forth in these Articles.
 Each of the audit committee, compensation committee and nominating and corporate governance
 committee shall consist of at least three Directors (or such larger minimum number as may
 be required from time to time by the Designated Stock Exchange Rules). The committees shall
 be made up of such number of Independent Directors as required from time to time by the Designated
 Stock Exchange Rules or otherwise required by applicable law, subject to any exemptions permitted
 under the Designated Stock Exchange Rules and other applicable laws.

**Local boards**

17.6 The
 Board may establish any local or divisional board or agency for managing any of the affairs
 of the Company whether in the Cayman Islands or elsewhere and may appoint any persons to
 be members of a local or divisional Board, or to be managers or agents, and may fix their
 remuneration.

17.7 The
 Board may delegate to any local or divisional board, manager or agent any of its powers and
 authorities (with power to sub-delegate) and may authorise the members of any local or divisional
 board or any of them to fill any vacancies and to act notwithstanding vacancies.

17.8 Any
 appointment or delegation under this Article 17.8 may be made on such terms and subject to
 such conditions as the Board thinks fit and the Board may remove any person so appointed,
 and may revoke or vary any delegation.

**Power to appoint an agent of the Company**

17.9 The
 Directors may appoint any person, either generally or in respect of any specific matter,
 to be the agent of the Company with or without authority for that person to delegate all
 or any of that person's powers. The Directors may make that appointment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by
 causing the Company to enter into a power of attorney or agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 any other manner they determine.

**Power to appoint an attorney or authorised signatory of the Company**

17.10 The
 Directors may appoint any person, whether nominated directly or indirectly by the Directors,
 to be the attorney or the authorised signatory of the Company. The appointment may be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) for
 any purpose;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with
 the powers, authorities and discretions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) for
 the period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) subject
 to such conditions

as they think fit. The powers, authorities and discretions, however, must not exceed those vested in, or exercisable, by the Directors under these Articles. The Directors may do so by power of attorney or any other manner they think fit.

17.11 Any
 power of attorney or other appointment may contain such provision for the protection and
 convenience for persons dealing with the attorney or authorised signatory as the Directors
 think fit. Any power of attorney or other appointment may also authorise the attorney or
 authorised signatory to delegate all or any of the powers, authorities and discretions vested
 in that person.

17.12 The
 Board may remove any person appointed under Article 17.10 and may revoke or vary the delegation.

**Borrowing Powers**

17.13 The
 Directors may exercise all the powers of the Company to borrow money and to mortgage or charge
 its undertaking, property and assets both present and future and uncalled capital, or any
 part thereof, and to issue debentures and other securities, whether outright or as collateral
 security for any debt, liability or obligation of the Company or its parent undertaking (if
 any) or any subsidiary undertaking of the Company or of any third party.

**Corporate Governance**

17.14 The
 Board may, from time to time, and except as required by applicable law or the Designated
 Stock Exchange Rules, adopt, institute, amend, modify or revoke the corporate governance
 policies or initiatives of the Company, which shall be intended to set forth the guiding
 principles and policies of the Company and the Board on various corporate governance related
 matters as the Board shall determine by resolution from time to time.

---

| | |
|:---|:---|
| **18** | **Meetings of Directors** |

---

**Regulation of Directors' meetings**

18.1 Subject
 to the provisions of these Articles, the Directors may regulate their proceedings as they
 think fit.

**Calling meetings**

18.2 Any
 Director may call a meeting of Directors at any time. The Secretary must call a meeting of
 the Directors if requested to do so by a Director.

**Notice of meetings**

18.3 Notice
 of a Board meeting may be given to a Director personally or by word of mouth or given in
 writing or by Electronic communications at such address as he may from time to time specify
 for this purpose (or, if he does not specify an address, at his last known address). A Director
 may waive his right to receive notice of any meeting either prospectively or retrospectively.

**Use of technology**

18.4 A
 Director may participate in a meeting of Directors through the medium of conference telephone,
 video or any other form of communications equipment providing all persons participating in
 the meeting are able to hear and speak to each other throughout the meeting.

18.5 A
 Director participating in this way is deemed to be present in person at the meeting.

**Quorum**

18.6 The
 quorum for the transaction of business at a meeting of Directors shall be two unless the
 Directors fix some other number.

**Chairman or deputy to preside**

18.7 The
 Board may appoint a chairman and one or more deputy chairman or chairmen and may at any time
 revoke any such appointment.

18.8 The
 chairman, or failing him any deputy chairman (the longest in office taking precedence if
 more than one is present), shall preside at all Board meetings. If no chairman or deputy
 chairman has been appointed, or if he is not present within five minutes after the time fixed
 for holding the meeting, or is unwilling to act as chairman of the meeting, the Directors
 present shall choose one of their number to act as chairman of the meeting.

**Voting**

18.9 A
 question which arises at a Board meeting shall be decided by a majority of votes. If votes
 are equal the chairman may, if he wishes, exercise a casting vote.

**Recording of dissent**

18.10 A
 Director present at a meeting of Directors shall be presumed to have assented to any action
 taken at that meeting unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) his
 dissent is entered in the minutes of the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) he
 has filed with the meeting before it is concluded signed dissent from that action; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) he
 has forwarded to the Company as soon as practical following the conclusion of that meeting
 signed dissent.

A Director who votes in favour of an action is not entitled to record his dissent to it.

**Written resolutions**

18.11 The
 Directors may pass a resolution in writing without holding a meeting if all Directors sign
 a document or sign several documents in the like form each signed by one or more of those
 Directors.

18.12 A
 written resolution signed by a validly appointed alternate Director need not also be signed
 by the appointing Director.

18.13 A
 written resolution signed personally by the appointing Director need not also be signed by
 his alternate.

18.14 A
 resolution in writing passed pursuant to Article 18.11, Article 18.12 and/or Article 18.13
 shall be as effective as if it had been passed at a meeting of the Directors duly convened
 and held; and it shall be treated as having been passed on the day and at the time that the
 last Director signs (and for the avoidance of doubt, such day may or may not be a Business
 Day).

**Validity of acts of Directors in spite of formal defect**

18.15 All
 acts done by a meeting of the Board, or of a committee of the Board, or by any person acting
 as a Director or an alternate Director, shall, notwithstanding that it is afterwards discovered
 that there was some defect in the appointment of any Director or alternate Director or member
 of the committee, or that any of them were disqualified or had vacated office or were not
 entitled to vote, be as valid as if every such person had been duly appointed and qualified
 and had continued to be a Director or alternate Director and had been entitled to vote.

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| | |
|:---|:---|
| **19** | **Permissible Directors' interests and disclosure** |

---

19.1 A
 Director who is in any way, whether directly or indirectly, interested in a contract or transaction
 or proposed contract or transaction with the Company shall declare the nature of his interest
 at a meeting of the Directors. A general notice given to the Directors by any Director to
 the effect that he is a member of any specified company or firm and is to be regarded as
 interested in any contract or transaction which may thereafter be made with that company
 or firm shall be deemed a sufficient declaration of interest in regard to any contract so
 made or transaction so consummated. Subject to the Designated Stock Exchange Rules and disqualification
 by the chairman of the relevant Board meeting, a Director may vote in respect of any contract
 or transaction or proposed contract or transaction notwithstanding that he may be interested
 therein provided the Director discloses to his fellow directors the nature and extent of
 any material interests in respect of any contract or transaction or proposed contract or
 transaction and if he does so his vote shall be counted and he may be counted in the quorum
 at any meeting of the Directors at which any such contract or transaction or proposed contract
 or transaction shall come before the meeting for consideration.

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| | |
|:---|:---|
| **20** | **Minutes** |

---

20.1 The
 Company shall cause minutes to be made in books of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 appointments of Officers and committees made by the Board and of any such Officer's
 remuneration; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 names of Directors present at every meeting of the Directors, a committee of the Board, the
 Company or the holders of any class of shares or debentures, and all orders, resolutions
 and proceedings of such meetings.

20.2 Any
 such minutes, if purporting to be signed by the chairman of the meeting at which the proceedings
 were held or by the chairman of the next succeeding meeting or the Secretary, shall be prima
 facie evidence of the matters stated in them.

---

| | |
|:---|:---|
| **21** | **Accounts and audit** |

---

21.1 The
 Directors must ensure that proper accounting and other records are kept, and that accounts
 and associated reports are distributed in accordance with the requirements of the Act.

21.2 The
 books of account shall be kept at the registered office of the Company and shall always be
 open to inspection by the Directors. No Member (other than a Director) shall have any right
 of inspecting any account or book or document of the Company except as conferred by the Act
 or as authorised by the Directors or by Ordinary Resolution.

21.3 Unless
 the Directors otherwise prescribe, the financial year of the Company shall end on 31 December
 in each year and begin on 1 January in each year.

**Auditors**

21.4 The
 Directors may appoint an Auditor of the Company who shall hold office on such terms as the
 Directors determine.

21.5 At
 any general meeting convened and held at any time in accordance with these Articles, the
 Members may, by Ordinary Resolution, remove the Auditor before the expiration of his term
 of office. If they do so, the Members shall, by Ordinary Resolution, at that meeting appoint
 another Auditor in his stead for the remainder of his term.

21.6 The
 Auditors shall examine such books, accounts and vouchers; as may be necessary for the performance
 of their duties.

21.7 The
 Auditors shall, if so requested by the Directors, make a report on the accounts of the Company
 during their tenure of office at the next annual general meeting following their appointment,
 and at any time during their term of office, upon request of the Directors or any general
 meeting of the Company.

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| | |
|:---|:---|
| **22** | **Record dates** |

---

22.1 Except
 to the extent of any conflicting rights attached to Shares, the resolution declaring a dividend
 on Shares of any class, whether it be an Ordinary Resolution of the Members or a Director's
 resolution, may specify that the dividend is payable or distributable to the persons registered
 as the holders of those Shares at the close of business on a particular date, notwithstanding
 that the date may be a date prior to that on which the resolution is passed.

22.2 If
 the resolution does so specify, the dividend shall be payable or distributable to the persons
 registered as the holders of those Shares at the close of business on the specified date
 in accordance with their respective holdings so registered, but without prejudice to the
 rights *inter se* in respect of the dividend of transferors and transferees of any of
 those Shares.

22.3 The
 provisions of this Article apply, *mutatis mutandis*, to bonuses, capitalisation issues,
 distributions of realised capital profits or offers or grants made by the Company to the
 Members.

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| | |
|:---|:---|
| **23** | **Dividends** |

---

**Source of dividends**

23.1 Dividends
 may be declared and paid out of any funds of the Company lawfully available for distribution.

23.2 Subject
 to the requirements of the Act regarding the application of a company's Share premium
 account and with the sanction of an Ordinary Resolution, dividends may also be declared and
 paid out of any share premium account.

**Declaration of dividends by Members**

23.3 Subject
 to the provisions of the Act, the Company may by Ordinary Resolution declare dividends in
 accordance with the respective rights of the Members but no dividend shall exceed the amount
 recommended by the Directors.

**Payment of interim dividends and declaration of final dividends by Directors**

23.4 The
 Directors may declare and pay interim dividends or recommend final dividends in accordance
 with the respective rights of the Members if it appears to them that they are justified by
 the financial position of the Company and that such dividends may lawfully be paid.

23.5 Subject
 to the provisions of the Act, in relation to the distinction between interim dividends and
 final dividends, the following applies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon
 determination to pay a dividend or dividends described as interim by the Directors in the

 is made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon
 declaration of a dividend or dividends described as final by the Directors in the dividend
 resolution, a debt shall be created immediately following the declaration, the due date to
 be the date the dividend is stated to be payable in the resolution.

If the resolution fails to specify whether a dividend is final or interim, it shall be assumed to be interim.

23.6 In
 relation to Shares carrying differing rights to dividends or rights to dividends at a fixed
 rate, the following applies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If
 the share capital is divided into different classes, the Directors may pay dividends on Shares
 which confer deferred or non-preferred rights with regard to dividends as well as on Shares
 which confer preferential rights with regard to dividends but no dividend shall be paid on
 Shares carrying deferred or non-preferred rights if, at the time of payment, any preferential
 dividend is in arrears.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Directors may also pay, at intervals settled by them, any dividend payable at a fixed rate
 if it appears to them that there are sufficient funds of the Company lawfully available for
 distribution to justify the payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If
 the Directors act in good faith, they shall not incur any liability to the Members holding
 Shares conferring preferred rights for any loss those Members may suffer by the lawful payment
 of the dividend on any Shares having deferred or non-preferred rights.

**Apportionment of dividends**

23.7 Except
 as otherwise provided by the rights attached to Shares all dividends shall be declared and
 paid according to the amounts Paid Up on the Shares on which the dividend is paid. All dividends
 shall be apportioned and paid proportionately to the amount Paid Up on the Shares during
 the time or part of the time in respect of which the dividend is paid. But if a Share is
 issued on terms providing that it shall rank for dividend as from a particular date, that
 Share shall rank for dividend accordingly.

**Right of set off**

23.8 The
 Directors may deduct from a dividend or any other amount payable to a person in respect of
 a Share any amount due by that person to the Company on a call or otherwise in relation to
 a Share.

**Power to pay other than in cash**

23.9 If
 the Directors so determine, any resolution declaring a dividend may direct that it shall
 be satisfied wholly or partly by the distribution of assets. If a difficulty arises in relation
 to the distribution, the Directors may settle that difficulty in any way they consider appropriate.
 For example, they may do any one or more of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issue
 fractional Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) fix
 the value of assets for distribution and make cash payments to some Members on the footing
 of the value so fixed in order to adjust the rights of Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) vest
 some assets in trustees.

**How payments may be made**

23.10 A
 dividend or other monies payable on or in respect of a Share may be paid in any of the following
 ways:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if
 the Member holding that Share or other person entitled to that Share nominates a bank account
 for that purpose - by wire transfer to that bank account; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 cheque or warrant sent by post to the registered address of the Member holding that Share
 or other person entitled to that Share.

23.11 For
 the purposes of Article 23.10(a), the nomination may be in writing or in an Electronic Record
 and the bank account nominated may be the bank account of another person. For the purposes
 of Article 23.10(b), subject to any applicable law or regulation, the cheque or warrant shall
 be made to the order of the Member holding that Share or other person entitled to the Share
 or to his nominee, whether nominated in writing or in an Electronic Record, and payment of
 the cheque or warrant shall be a good discharge to the Company.

23.12 If
 two or more persons are registered as the holders of the Share or are jointly entitled to
 it by reason of the death or bankruptcy of the registered holder (**Joint Holders**),
 a dividend (or other amount) payable on or in respect of that Share may be paid as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 the registered address of the Joint Holder of the Share who is named first on the register
 of Members or to the registered address of the deceased or bankrupt holder, as the case may
 be; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to
 the address or bank account of another person nominated by the Joint Holders, whether that
 nomination is in writing or in an Electronic Record.

23.13 Any
 Joint Holder of a Share may give a valid receipt for a dividend (or other amount) payable
 in respect of that Share.

**Dividends or other monies not to bear interest in absence of special rights**

23.14 Unless
 provided for by the rights attached to a Share, no dividend or other monies payable by the
 Company in respect of a Share shall bear interest.

**Dividends unable to be paid or unclaimed**

23.15 If
 a dividend cannot be paid to a Member or remains unclaimed within six weeks after it was
 declared or both, the Directors may pay it into a separate account in the Company's
 name. If a dividend is paid into a separate account, the Company shall not be constituted
 trustee in respect of that account and the dividend shall remain a debt due to the Member.

23.16 A
 dividend that remains unclaimed for a period of six years after it became due for payment
 shall be forfeited to, and shall cease to remain owing by, the Company.

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| | |
|:---|:---|
| **24** | **Capitalisation of profits** |

---

**Capitalisation of profits or of any share premium account or capital redemption reserve;**

24.1 The
 Directors may resolve to capitalise:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 part of the Company's profits not required for paying any preferential dividend (whether
 or not those profits are available for distribution); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 sum standing to the credit of the Company's share premium account or capital redemption
 reserve, if any.

24.2 The
 amount resolved to be capitalised must be appropriated to the Members who would have been
 entitled to it had it been distributed by way of dividend and in the same proportions. The
 benefit to each Member so entitled must be given in either or both of the following ways::

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by
 paying up the amounts unpaid on that Member's Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 issuing Fully Paid Up Shares, debentures or other securities of the Company to that Member
 or as that Member directs. The Directors may resolve that any Shares issued to the Member
 in respect of Partly Paid Up Shares (**Original Shares**) rank for dividend only to the
 extent that the Original Shares rank for dividend while those Original Shares remain Partly
 Paid Up.

**Applying an amount for the benefit of Members**

24.3 The
 amount capitalised must be applied to the benefit of Members in the proportions to which
 the Members would have been entitled to dividends if the amount capitalised had been distributed
 as a dividend.

24.4 Subject
 to the Act, if a fraction of a Share, a debenture or other security is allocated to a Member,
 the Directors may issue a fractional certificate to that Member or pay him the cash equivalent
 of the fraction.

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| | |
|:---|:---|
| **25** | **Share Premium Account** |

---

**Directors to maintain share premium account**

25.1 The
 Directors shall establish a share premium account in accordance with the Act. They shall
 carry to the credit of that account from time to time an amount equal to the amount or value
 of the premium paid on the issue of any Share or capital contributed or such other amounts
 required by the Act.

**Debits to share premium account**

25.2 The
 following amounts shall be debited to any share premium account:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) on
 the redemption or purchase of a Share, the difference between the nominal value of that Share
 and the redemption or purchase price; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 other amount paid out of a share premium account as permitted by the Act.

25.3 Notwithstanding
 the preceding Article, on the redemption or purchase of a Share, the Directors may pay the
 difference between the nominal value of that Share and the redemption purchase price out
 of the profits of the Company or, as permitted by the Act, out of capital.

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| | |
|:---|:---|
| **26** | **Seal** |

---

**Company seal**

26.1 The
 Company may have a seal if the Directors so determine.

**Duplicate seal**

26.2 Subject
 to the provisions of the Act, the Company may also have a duplicate seal or seals for use
 in any place or places outside the Cayman Islands. Each duplicate seal shall be a facsimile
 of the original seal of the Company. However, if the Directors so determine, a duplicate
 seal shall have added on its face the name of the place where it is to be used.

**When and how seal is to be used**

26.3 A
 seal may only be used by the authority of the Directors. Unless the Directors otherwise determine,
 a document to which a seal is affixed must be signed in one of the following ways:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by
 a Director (or his alternate) and the Secretary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 a single Director (or his alternate).

**If no seal is adopted or used**

26.4 If
 the Directors do not adopt a seal, or a seal is not used, a document may be executed in the
 following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by
 a Director (or his alternate) and the Secretary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 a single Director (or his alternate); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 any other manner permitted by the Act.

**Power to allow non-manual signatures and facsimile printing of seal**

26.5 The
 Directors may determine that either or both of the following applies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that
 the seal or a duplicate seal need not be affixed manually but may be affixed by some other
 method or system of reproduction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that
 a signature required by these Articles need not be manual but may be a mechanical or Electronic
 Signature.

**Validity of execution**

26.6 If
 a document is duly executed and delivered by or on behalf of the Company, it shall not be
 regarded as invalid merely because, at the date of the delivery, the Secretary, or the Director,
 or other Officer or person who signed the document or affixed the seal for and on behalf
 of the Company ceased to be the Secretary or hold that office and authority on behalf of
 the Company.

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| | |
|:---|:---|
| **27** | **Indemnity** |

---

27.1 To
 the extent permitted by law, the Company shall indemnify each existing or former Director
 (including alternate Director), Secretary and other Officer of the Company (including an
 investment adviser or an administrator or liquidator) and their personal representatives
 against:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or
 sustained by the existing or former Director (including alternate Director), Secretary or
 Officer in or about the conduct of the Company's business or affairs or in the execution
 or discharge of the existing or former Director's (including alternate Director's),
 Secretary's or Officer's duties, powers, authorities or discretions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) without
 limitation to paragraph (a), all costs, expenses, losses or liabilities incurred by the existing
 or former Director (including alternate Director), Secretary or Officer in defending (whether
 successfully or otherwise) any civil, criminal, administrative or investigative proceedings
 (whether threatened, pending or completed) concerning the Company or its affairs in any court
 or tribunal, whether in the Cayman Islands or elsewhere.

No such existing or former Director (including alternate Director), Secretary or Officer, however, shall be indemnified in respect of any matter arising out of his own dishonesty.

27.2 To
 the extent permitted by Act, the Company may make a payment, or agree to make a payment,
 whether by way of advance, loan or otherwise, for any legal costs incurred by an existing
 or former Director (including alternate Director), Secretary or Officer of the Company in
 respect of any matter identified in Article 27.1 on condition that the Director (including
 alternate Director), Secretary or Officer must repay the amount paid by the Company to the
 extent that it is ultimately found not liable to indemnify the Director (including alternate
 Director), Secretary or that Officer for those legal costs.

**Release**

27.3 To
 the extent permitted by Act, the Company may by Special Resolution release any existing or
 former Director (including alternate Director), Secretary or other Officer of the Company
 from liability for any loss or damage or right to compensation which may arise out of or
 in connection with the execution or discharge of the duties, powers, authorities or discretions
 of his office; but there may be no release from liability arising out of or in connection
 with that person's own dishonesty.

**Insurance**

27.4 To
 the extent permitted by Act, the Company may pay, or agree to pay, a premium in respect of
 a contract insuring each of the following persons against risks determined by the Directors,
 other than liability arising out of that person's own dishonesty:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an
 existing or former Director (including alternate Director), Secretary or Officer or auditor
 of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a
 company which is or was a subsidiary of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a
 company in which the Company has or had an interest (whether direct or indirect); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a
 trustee of an employee or retirement benefits scheme or other trust in which any of the persons
 referred to in paragraph (a) is or was interested.

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| | |
|:---|:---|
| **28** | **Notices** |

---

**Form of notices**

28.1 Save
 where these Articles provide otherwise, and subject to the Designated Stock Exchange Rules,
 any notice to be given to or by any person pursuant to these Articles shall be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 writing signed by or on behalf of the giver in the manner set out below for written notices;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) subject
 to the next Article, in an Electronic Record signed by or on behalf of the giver by Electronic
 Signature and authenticated in accordance with Articles about authentication of Electronic
 Records; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) where
 these Articles expressly permit, by the Company by means of a website.

**Electronic communications**

28.2 A
 notice may only be given to the Company in an Electronic Record if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Directors so resolve or otherwise accept the notice; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 Director or Officer provides the giver of the notice an electronic address to which the notice
 may be sent and a notice is sent to that address within a reasonable period of time.

28.3 A
 notice may not be given by Electronic Record to a person other than the Company unless the
 recipient has provided the giver of the notice with an Electronic address to which notice
 may be sent.

28.4 Subject
 to the Act, the Designated Stock Exchange Rules and to any other rules which the Company
 is bound to follow, the Company may also send any notice or other document pursuant to these
 Articles to a Member by publishing that notice or other document on a website where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company and the Member have agreed to his having access to the notice or document on a website
 (instead of it being sent to him);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 notice or document is one to which that agreement applies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Member is notified (in accordance with any requirements laid down by the Act and, in a manner
 for the time being agreed between him and the Company for the purpose) of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 publication of the notice or document on a website;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 address of that website; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 place on that website where the notice or document may be accessed, and how it may be accessed;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 notice or document is published on that website throughout the publication period, provided
 that, if the notice or document is published on that website for a part, but not all of,
 the publication period, the notice or document shall be treated as being published throughout
 that period if the failure to publish that notice of document throughout that period is wholly
 attributable to circumstances which it would not be reasonable to have expected the Company
 to prevent or avoid. For the purposes of this Article 28.4 "publication period"
 means a period of not less than twenty-one days, beginning on the day on which the notification
 referred to in Article 28.4(c) is deemed sent.

**Persons entitled to notices**

28.5 Any
 notice or other document to be given to a Member may be given by reference to the register
 of Members as it stands at any time within the period of twenty-one days before the day that
 the notice is given or (where and as applicable) within any other period permitted by, or
 in accordance with the requirements of, (to the extent applicable) the Designated Stock Exchange
 Rules and/or the Designated Stock Exchanges. No change in the register of Members after that
 time shall invalidate the giving of such notice or document or require the Company to give
 such item to any other person.

**Persons authorised to give notices**

28.6 A
 notice by either the Company or a Member pursuant to these Articles may be given on behalf
 of the Company or a Member by a Director or company secretary of the Company or a Member.

**Delivery of written notices**

28.7 Save
 where these Articles provide otherwise, a notice in writing may be given personally to the
 recipient, or left at (as appropriate) the Member's or Director's registered
 address or the Company's registered office, or posted to that registered address or
 registered office.

**Joint holders**

28.8 Where
 Members are joint holders of a Share, all notices shall be given to the Member whose name
 first appears in the register of Members.

**Signatures**

28.9 A
 written notice shall be signed when it is autographed by or on behalf of the giver, or is
 marked in such a way as to indicate its execution or adoption by the giver.

28.10 An
 Electronic Record may be signed by an Electronic Signature.

**Evidence of transmission**

28.11 A
 notice given by Electronic Record shall be deemed sent if an Electronic Record is kept demonstrating
 the time, date and content of the transmission, and if no notification of failure to transmit
 is received by the giver.

28.12 A
 notice given in writing shall be deemed sent if the giver can provide proof that the envelope
 containing the notice was properly addressed, pre-paid and posted, or that the written notice
 was otherwise properly transmitted to the recipient.

28.13 A
 Member present, either in person or by proxy, at any meeting of the Company or of the holders
 of any class of Shares shall be deemed to have received due notice of the meeting and, where
 requisite, of the purposes for which it was called.

**Giving notice to a deceased or bankrupt Member**

28.14 A
 notice may be given by the Company to the persons entitled to a Share in consequence of the
 death or bankruptcy of a Member by sending or delivering it, in any manner authorised by
 these Articles for the giving of notice to a Member, addressed to them by name, or by the
 title of representatives of the deceased, or trustee of the bankrupt or by any like description,
 at the address, if any, supplied for that purpose by the persons claiming to be so entitled.

28.15 Until
 such an address has been supplied, a notice may be given in any manner in which it might
 have been given if the death or bankruptcy had not occurred.

**Date of giving notices**

28.16 A
 notice is given on the date identified in the following table

---

| | |
|:---|:---|
| **Method for giving notices** | **When taken to be given** |
| (A) Personally | At the time and date of delivery |
| (B) By leaving it at the Member's registered address | At the time and date it was left |
| (C) By posting it by prepaid post to the street or postal address of that recipient | 48 hours after the date it was posted |
| (D) By Electronic Record (other than publication on a website), to recipient's Electronic address | 48 hours after the date it was sent |
| (E) By publication on a website | 24 hours after the date on which the Member is deemed to have been notified of the publication of the notice or document on the website |

---

**Saving provision**

28.17 None
 of the preceding notice provisions shall derogate from the Articles about the delivery of
 written resolutions of Directors and written resolutions of Members.

---

| | |
|:---|:---|
| **29** | **Authentication of Electronic Records** |

---

**Application of Articles**

29.1 Without
 limitation to any other provision of these Articles, any notice, written resolution or other
 document under these Articles that is sent by Electronic means by a Member, or by the Secretary,
 or by a Director or other Officer of the Company, shall be deemed to be authentic if either
 Article 29.2 or Article 29.4 applies.

**Authentication of documents sent by Members by Electronic means**

29.2 An
 Electronic Record of a notice, written resolution or other document sent by Electronic means
 by or on behalf of one or more Members shall be deemed to be authentic if the following conditions
 are satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Member or each Member, as the case may be, signed the original document, and for this purpose **Original Document** includes several documents in like form signed by one or more of
 those Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Electronic Record of the Original Document was sent by Electronic means by, or at the direction
 of, that Member to an address specified in accordance with these Articles for the purpose
 for which it was sent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Article
 29.7 does not apply.

29.3 For
 example, where a sole Member signs a resolution and sends the Electronic Record of the original
 resolution, or causes it to be sent, by facsimile transmission to the address in these Articles
 specified for that purpose, the facsimile copy shall be deemed to be the written resolution
 of that Member unless Article 29.7 applies.

**Authentication of document sent by the Secretary or Officers of the Company by Electronic means**

29.4 An
 Electronic Record of a notice, written resolution or other document sent by or on behalf
 of the Secretary or an Officer or Officers of the Company shall be deemed to be authentic
 if the following conditions are satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Secretary or the Officer or each Officer, as the case may be, signed the original document,
 and for this purpose **Original Document** includes several documents in like form signed
 by the Secretary or one or more of those Officers; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Electronic Record of the Original Document was sent by Electronic means by, or at the direction
 of, the Secretary or that Officer to an address specified in accordance with these Articles
 for the purpose for which it was sent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Article
 29.7 does not apply.

This Article 29.4 applies whether the document is sent by or on behalf of the Secretary or Officer in his own right or as a representative of the Company.

29.5 For
 example, where a sole Director signs a resolution and scans the resolution, or causes it
 to be scanned, as a PDF version which is attached to an email sent to the address in these
 Articles specified for that purpose, the PDF version shall be deemed to be the written resolution
 of that Director unless Article 29.7 applies.

**Manner of signing**

29.6 For
 the purposes of these Articles about the authentication of Electronic Records, a document
 will be taken to be signed if it is signed manually or in any other manner permitted by these
 Articles.

**Saving provision**

29.7 A
 notice, written resolution or other document under these Articles will not be deemed to be
 authentic if the recipient, acting reasonably:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) believes
 that the signature of the signatory has been altered after the signatory had signed the original
 document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) believes
 that the original document, or the Electronic Record of it, was altered, without the approval
 of the signatory, after the signatory signed the original document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) otherwise
 doubts the authenticity of the Electronic Record of the document

and the recipient promptly gives notice to the sender setting the grounds of its objection. If the recipient invokes this Article, the sender may seek to establish the authenticity of the Electronic Record in any way the sender thinks fit.

---

| | |
|:---|:---|
| **30** | **Transfer by way of continuation** |

---

30.1 The
 Company may, by Special Resolution, resolve to be registered by way of continuation in a
 jurisdiction outside:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Cayman Islands; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) such
 other jurisdiction in which it is, for the time being, incorporated, registered or existing.

30.2 To
 give effect to any resolution made pursuant to the preceding Article, the Directors may cause
 the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an
 application be made to the Registrar of Companies of the Cayman Islands to deregister the
 Company in the Cayman Islands or in the other jurisdiction in which it is for the time being
 incorporated, registered or existing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 such further steps as they consider appropriate to be taken to effect the transfer by way
 of continuation of the Company.

---

| | |
|:---|:---|
| **31** | **Winding up** |

---

**Distribution of assets in specie**

31.1 If
 the Company is wound up the Members may, subject to these Articles and any other sanction
 required by the Act, pass a Special Resolution allowing the liquidator to do either or both
 of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 divide in specie among the Members the whole or any part of the assets of the Company and,
 for that purpose, to value any assets and to determine how the division shall be carried
 out as between the Members or different classes of Members; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to
 vest the whole or any part of the assets in trustees for the benefit of Members and those
 liable to contribute to the winding up.

**No obligation to accept liability**

31.2 No
 Member shall be compelled to accept any assets if an obligation attaches to them.

31.3 The
 Directors are authorised to present a winding up petition

31.4 The
 Directors have the authority to present a petition for the winding up of the Company to the
 Grand Court of the Cayman Islands on behalf of the Company without the sanction of a resolution
 passed at a general meeting.

---

| | |
|:---|:---|
| **32** | **Amendment of Memorandum and Articles** |

---

**Power to change name or amend Memorandum**

32.1 Subject
 to the Act, the Company may, by Special Resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) change
 its name; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) change
 the provisions of its Memorandum with respect to its objects, powers or any other matter
 specified in the Memorandum.

**Power to amend these Articles**

32.2 Subject
 to the Act and as provided in these Articles, the Company may, by Special Resolution, amend
 these Articles in whole or in part.

## Exhibit 4.1

**Exhibit 4.1**

![](ex4-1_001.jpg)

## Exhibit 5.1

**Exhibit 5.1**

![](ex5-1_001.jpg)

---

| | |
|:---|:---|
| **Star Integratia Limited** | **D +852 3656 6054** |
| **Star Integratia Limited** | **E nathan.powell@ogier.com** |
| **Star Integratia Limited** | **D +852 3656 6023** |
| **Star Integratia Limited** | **E janice.chu@ogier.com** |
| **Star Integratia Limited** |  |
| **Star Integratia Limited** | Reference: NMP/JTC/513451.00001 |

---

8 June 2026

Dear Sirs

**Star Integratia Limited (the Company)**

We have acted as Cayman Islands counsel to the Company in connection with the Company's registration statement on Form F-1, including all amendments or supplements thereto (the **Registration Statement**), as filed with the United States Securities and Exchange Commission (the **Commission**) under the United States Securities Act of 1933, as amended (the **Securities Act**). The Registration Statement relates to the offering (the **Offering**) of up to 4,166,667 Ordinary Shares (as defined below) of USD0.0001 par value each (the **Public Offering Shares**), together with an underwriter's over-allotment option for a period of 45 days after the closing of the Offering for the underwriters to purchase additional 625,000 Ordinary Shares, representing fifteen percent (15%) of the Public Offering Shares sold in the Offering (collectively, the **IPO Shares**).

We are furnishing this opinion as Exhibit 5.1, Exhibit 8.1 and Exhibit 23.2 to the Registration Statement.

Unless a contrary intention appears, all capitalised terms used in this opinion have the respective meanings set forth in the Documents (as defined below). The headings herein are for convenience only and do not affect the construction of this opinion.

---

| | |
|:---|:---|
| **1** | **Documents examined** |

---

For the purposes of giving this opinion, we have examined originals, copies, or drafts of the following documents: (the **Documents**):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 certificate of incorporation of the Company dated 21 November 2025 issued by the Registrar
 of Companies of the Cayman Islands (the **Registrar**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 memorandum and articles of association of the Company as adopted at incorporation dated 21
 November 2025 (the **Memorandum and Articles**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a
 certificate of good standing dated 8 June 2026 issued by the Registrar in respect
 of the Company (the **Good Standing Certificate**);

---

| | | | |
|:---|:---|:---|:---|
| **Ogier**<br>Providing advice on British Virgin Islands, Cayman Islands and Guernsey laws<br>Floor 11 Central Tower<br> 28 Queen's Road Central<br> Central<br> Hong Kong<br>T +852 3656 6000<br> F +852 3656 6001<br>**ogier.com** | **Partners**<br>**Nicholas Plowman**<br> Nathan Powell<br> Anthony Oakes<br> Oliver Payne<br> Kate Hodson<br> David Nelson<br> Joanne Collett<br> Dennis Li<br> Cecilia Li | Yuki Yan<br>David Lin<br>Alan Wong<br>Janice Chu<br>Zhao Rong Ooi<br>Rachel Huang\*\*<br>Florence Chan\*<sup>‡</sup><br>Richard Bennett\*\*<sup>‡</sup><br>James Bergstrom<sup>‡</sup> | \* admitted in New Zealand<br> \*\* admitted in England and Wales<br> <sup>‡</sup> not ordinarily resident in Hong Kong |

---

Page **2** of **4**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 register of directors of the Company as provided to us on 19 December 2025 (the **Register of Directors**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 register of members of the Company as provided to us on 2 June 2026 (the **Register of Members**, together with the Register of Directors, the **Registers**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) copies
 of the written resolutions of the sole director of the Company dated 19 December 2025 and
 8 June 2026 approving among others, the Company's filing of the Registration
 Statement and issuance of the IPO Shares (the **Board Resolutions**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) a
 certificate dated 8 June 2026 as to certain matters of fact signed by the sole director
 of the Company (the **Director's Certificate**); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the
 Registration Statement.

---

| | |
|:---|:---|
| **2** | **Assumptions** |

---

In giving this opinion we have relied upon the assumptions set forth in this paragraph 2 without having carried out any independent investigation or verification in respect of those assumptions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 original documents examined by us are authentic and complete;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 copy documents examined by us (whether in facsimile, electronic or other form) conform to
 the originals and those originals are authentic and complete;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all
 signatures, seals, dates, stamps and markings (whether on original or copy documents) are
 genuine;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) each
 of the Good Standing Certificate, the Director's Certificate and the Registers is accurate
 and complete as at the date of this opinion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 Memorandum and Articles provided to us are in full force and effect and have not been amended,
 varied, supplemented or revoked in any respect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) all
 copies of the Registration Statement are true and correct copies and the Registration Statement
 conform in every material respect to the latest drafts of the same produced to us and, where
 the Registration Statement has been provided to us in successive drafts marked-up to indicate
 changes to such documents, all such changes have been so indicated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the
 Board Resolutions remain in full force and effect, have not been, and will not be rescinded
 or amended, and each director of the Company has acted in good faith with a view to the best
 interests of the Company and has exercised the standard of care, diligence and skill that
 is required of him in approving the Offering and the transactions set out in the Board Resolutions
 and no director has a financial interest in or other relationship to a party of the transactions
 contemplated by the Offering and the Board Resolutions which has not been properly disclosed
 in the Board Resolutions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) no
 invitation has been or will be made by or on behalf of the Company to the public in the Cayman
 Islands to subscribe for any shares of the Company and none of the shares have been offered
 or issued to residents of the Cayman Islands;

Page **3** of **4**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 Company is, and after the allotment and issuance of the IPO Shares will be, able to pay its
 liabilities as they fall due; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) there
 is no provision of the law of any jurisdiction, other than the Cayman Islands, which would
 have any implication in relation to the opinions expressed herein.

---

| | |
|:---|:---|
| **3** | **Opinions** |

---

On the basis of the examinations and assumptions referred to above and subject to the limitations and qualifications set forth in paragraph 4 below, we are of the opinion that:

**Corporate status**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Company has been duly incorporated as an exempted company with limited liability and is validly
 existing and in good standing with the Registrar.

**Authorised Share capital**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 authorised share capital of the Company is USD50,000 divided into 500,000,000 ordinary shares
 of par value USD0.0001 each (the **Ordinary Shares**).

**Corporate Authorisation**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 Company has taken all requisite corporate action to authorise the issuance and sale of the
 IPO Shares under the Registration Statement.

**Valid Issuance of IPO Shares**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 IPO Shares to be offered and issued by the Company as contemplated by the Registration Statement
 have been duly authorised for issue and when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) issued
 by the Company against payment in full of the consideration therefor in accordance with the
 terms set out in the Registration Statement and the Memorandum and Articles; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) such
 issuance of IPO Shares have been duly registered in the Company's register of members as
 fully paid shares,

will be validly issued, fully paid and non-assessable.

**Registration Statement - Taxation**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 statements contained in the Registration Statement in the section headed "*Cayman Islands Tax Considerations* ", in so far as they purport to summarise the laws or
 regulations of the Cayman Islands, are accurate in all material respects and that such statements
 constitute our opinion.

Page **4** of **4**

---

| | |
|:---|:---|
| **4** | **Limitations and Qualifications** |

---

4.1 We
 offer no opinion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as
 to any laws other than the laws of the Cayman Islands, and we have not, for the purposes
 of this opinion, made any investigation of the laws of any other jurisdiction, and we express
 no opinion as to the meaning, validity, or effect of references in the Documents to statutes,
 rules, regulations, codes or judicial authority of any jurisdiction other than the Cayman
 Islands; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) except
 to the extent that this opinion expressly provides otherwise, as to the commercial terms
 of, or the validity, enforceability or effect of the Registration Statement, the accuracy
 of representations, the fulfilment of warranties or conditions, the occurrence of events
 of default or terminating events or the existence of any conflicts or inconsistencies among
 the Registration Statement and any other agreements into which the Company may have entered
 or any other documents.

4.2 Under
 the Companies Act (Revised) (**Companies Act**) of the Cayman Islands annual returns in
 respect of the Company must be filed with the Registrar of Companies in the Cayman Islands,
 together with payment of annual filing fees. A failure to file annual returns and pay annual
 filing fees may result in the Company being struck off the Register of Companies, following
 which its assets will be vest in the Financial Secretary of the Cayman Islands and will be
 subject to disposition or retention for the benefit of the public of the Cayman Islands.

4.3 In **good standing** means only that as of the date of this opinion the Company is up-to-date
 with the filing of its annual returns and payment of annual fees with the Registrar of Companies.
 We have made no enquiries into the Company's good standing with respect to any filings or
 payment of fees, or both, that it may be required to make under the laws of the Cayman Islands
 other than the Companies Act.

---

| | |
|:---|:---|
| **5** | **Governing law of this opinion** |

---

5.1 This
 opinion is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) governed
 by, and shall be construed in accordance with, the laws of the Cayman Islands;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) limited
 to the matters expressly stated in it; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) confined
 to, and given on the basis of, the laws and practice in the Cayman Islands at the date of
 this opinion.

5.2 Unless
 otherwise indicated, a reference to any specific Cayman Islands legislation is a reference
 to that legislation as amended to, and as in force at, the date of this opinion.

---

| | |
|:---|:---|
| **6** | **Reliance** |

---

6.1 We
 hereby consent to the filing of this opinion as an exhibit to the Registration Statement
 and to the reference to our firm under the headings "*Enforceability of Civil Liabilities* "
 and "*Legal Matters*" of the Registration Statement. In giving such consent,
 we do not believe that we are "experts" within the meaning of such term used
 in the Securities Act or the rules and regulations of the Commission issued thereunder with
 respect to any part of the Registration Statement, including this opinion as an exhibit or
 otherwise.

This opinion may be used only in connection with the offer and sale of the IPO Shares and while the Registration Statement is effective.

Yours faithfully

*/s/ Ogier*

**Ogier**

## Exhibit 10.1

**Exhibit 10.1**

**<u>DIRECTOR AGREEMENT</u>**

**THIS DIRECTOR AGREEMENT** (this "<u>Agreement</u>"), dated as of June 5, 2026 is by and between **Star Integratia Limited**, a company incorporated under the laws of the Cayman Islands (the "<u>Company</u>", together with its subsidiaries, the "<u>Group</u>"), and LIM Kiam Kiam, an individual (the "<u>Director</u>").

**<u>RECITALS</u>**

**WHEREAS**, the Company desires to appoint the Director to serve as chairlady (the "Chairlady") to the Company's board of directors (the "<u>Board</u>") and the Director desires to accept such appointment to serve on the Board; and

**WHEREAS**, the Director may be appointed to serve as a member or chair of one or more committees of the Board.

**<u>AGREEMENT</u>**

**NOW, THEREFORE**, in consideration of the foregoing and the Director's services to the Company as the Chairlady and a member of the Board, as a member of such committees of the Board to which the Director may be appointed from time to time and as chair of one or more committees to which the Director may be appointed in such capacity from time to time, and intending to be legally bound hereby, the Company and the Director hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>Term</u>.** The Company hereby appoints the Director, and the Director hereby accepts such appointment by the Company, for the purposes and upon the terms and conditions contained in this Agreement. For the avoidance of doubt, this Agreement shall not affect the effectiveness of the appointment of the Director and Chairlady on November 21, 2025, nor the Director's employment relationship with the Company prior to the effectiveness of the registration statement. The provisions of this Agreement shall become effective on the effective date of the registration statement of the Company's initial public offering ("Effective Date") and shall continue until the Director's successor is duly elected or appointed and qualified or until the Director's earlier death, disqualification, resignation or removal from office, termination pursuant to the terms of this Agreement, the Company's then current Memorandum and Articles of Association, as may be amended from time to time, or any applicable laws, rules, or regulations (the "<u>Expiration Date</u>"). In the event that the Director's successor has not been duly elected or appointed as of the Expiration Date, the Director agrees to continue to serve hereunder until such successor has been duly elected or appointed and qualified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **<u>Compensation</u>**. Upon the Effective Date and during the term of this Agreement, the Director shall receive the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Director shall receive a monthly base salary of S$28,000 which shall accrue on a day to day basis payable in arrears on the last day of each calendar month provided that if the Appointment is terminated prior to the end of a calendar month, the Director shall only be entitled to a proportionate part of such salary in respect of the period of service during the relevant month up to the date of termination.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Director may be eligible for an annual discretionary performance bonus as determined by the Board based on individual performance and the performance of the Company. No bonus shall be guaranteed unless expressly approved by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Director shall be eligible to participate in any share option plan, equity incentive plan, restricted share unit plan or other equity compensation arrangements shall be determined separately by the Board and shall not form part of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Where applicable under Singapore law, the Company shall make employer CPF contributions and the Director shall make employee CPF contributions in accordance with the provisions of the Central Provident Fund Act 1953 and any applicable regulations thereunder. Such contributions shall be deducted and remitted in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Director shall be entitled to twenty-eight (28) working days of paid annual leave during each calendar year. Unused leave shall be governed by the Company's leave policy as amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Director shall be entitled to (i) twenty (20) days of paid outpatient sick leave per calendar year; and (ii) sixty (60) days of paid hospitalization leave per calendar year (inclusive of outpatient sick leave), subject to the submission of a valid medical certificate issued by a duly qualified medical practitioner.

The Director shall also be entitled to participate in any medical insurance or healthcare benefit programs maintained by the Company from time to time.

The compensation may be reviewed during the term of this Agreement by the Compensation Committee pursuant to its terms of reference after from the effective date of the registration statement of the Company's initial public offering. Any adjustment of the Compensation shall be recommended by the Compensation Committee (when applicable) and approved by the Board duly convened pursuant to the then current Memorandum and Articles of Association of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **<u>Duties</u>.** The Director shall exercise all powers in good faith and in the best interests of the Company, including but not limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) devote a sufficient amount of time and attention to the interests and affairs of the Company in the discharge of duties of his or her office as the Chairlady and a director of the Company and, where relevant, as an officer of such other members of the Group as are necessary for the proper and efficient administration, supervision, and management of the strategic planning, corporate management and business development of the Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) faithfully and diligently perform such duties and in the exercise of such powers observe and comply with all reasonable and lawful resolutions, instructions, regulations and directions from time to time passed, made or given by the Board according to the best of his or her skills and ability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in discharge of such duties and in the exercise of such powers observe and comply with all reasonable and lawful resolutions, instructions, regulations and directions from time to time passed, made or given by the Board according to the best of his or her skills and ability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) perform such services for the Group and (without further remuneration unless otherwise agreed) accept such offices in the Group as the Board may from time to time reasonably require provided the same are consistent with his or her office;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) at all times keep the Board promptly and fully informed (in writing if so requested) in connection with the performance of such powers and duties and provide such explanations as the Board may require in connection with his or her office in relation to the Company and/or the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) act in accordance with his or her powers and obligations as the Chairlady and the director of the Company to comply with this (i) this Agreement; (ii) every rule or law applicable to any member of the Group, whether in the United States, Hong Kong, or elsewhere; (iii) the rules and regulations of the Nasdaq Stock Market; (iv) amended and restated memorandum and articles of association of the Company; (v) shareholders' and board resolutions of the Company; (vi) the Securities Act of 1933; and (vii) all other relevant securities regulations, rules, instructions and guidelines as issued by the relevant regulatory authorities from time to time, in relation to dealings in shares or other securities of the Company or any other member of the Group, and in relation to insider information or unpublished inside information affecting the shares, debentures or other securities of any member of the Group.

The Director shall carry out his or her duties and exercise his or her powers jointly with any other executive officers, senior management or directors of the Group as may from time to time be appointed by the Board. The Board may at any time require the Director to cease performing any of his or her duties or exercising any of his or her power under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Conflicts of Interest/Applicable Law</u>. In the event that the Director has a direct or indirect financial or personal interest in a contract or transaction to which the Company is a party, or the Director is contemplating entering into a transaction that involves use of corporate assets or competition against the Company, the Director shall promptly disclose such potential conflict to the applicable Board committee or the Board and proceed as directed by such committee or the Board, as applicable. The Director may hold directorships, investments or business interests in other entities provided that such interests are disclosed where required and do not materially interfere with the performance of her duties to the Company. The Director acknowledges the duty of loyalty and the duty of care owed to the Company pursuant to applicable law and agrees to act in all cases in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Corporate Opportunities</u>. Whenever the Director becomes aware of a business opportunity related to the Company's business, which one could reasonably expect the Director to make available to the Company, the Director shall promptly disclose such opportunity to the applicable Board committee or the Board and proceed as directed by such committee or the Board, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Confidentiality</u>. The Director agrees and acknowledges that, by reason of the nature of the Director's duties on the Board, the Director will have or may have access to and become informed of proprietary, confidential and secret information which is a competitive asset of the Company ("<u>Confidential Information</u>"), including, without limitation, any lists of customers or suppliers, distributors, financial statistics, research data or any other statistics and plans or operation plans or other trade secrets of the Company and any of the foregoing which belong to any person or company but to which the Director has had access by reason of the Director's relationship with the Company. The term "Confidential Information" shall not include information which: (i) is or becomes generally available to the public other than as a result of a disclosure by the Director or the Director's representatives; or (ii) is required to be disclosed by the Director due to governmental regulatory or judicial process. The Director agrees faithfully to keep in strict confidence, and not, either directly or indirectly, to make known, divulge, reveal, furnish, make available or use (except for use in the regular course of employment duties) any such Confidential Information. The Director acknowledges that all manuals, instruction books, price lists, information and records and other information and aids relating to the Company's business, and any and all other documents containing Confidential Information furnished to the Director by the Company or otherwise acquired or developed by the Director, shall at all times be the property of the Company. Upon termination of the Director's services hereunder, the Director shall return to the Company any such property or documents which are in the Director's possession, custody or control, but this obligation of confidentiality shall survive such termination until and unless any such Confidential Information shall have become, through no fault of the Director, generally known to the public. The obligations of the Director under this subsection are in addition to, and not in limitation or preemption of, all other obligations of confidentiality which the Director may have to the Company under general legal or equitable principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Intellectual Property</u>. All intellectual property, methodologies, materials, content, inventions, developments and work products created, developed or improved by the Director during the course of her employment and in connection with the Company's business shall belong exclusively to the Company. Notwithstanding the foregoing, any intellectual property, methodologies, systems, know-how, materials, publications, writings, teachings, content or other proprietary rights developed, created or owned by the Employee prior to the Commencement Date ("Pre-Existing Intellectual Property") shall remain the sole property of the Director. The Director hereby grants, or shall procure the grant of, a perpetual, royalty-free, worldwide license to the Company to use such Pre-Existing Intellectual Property for the purposes of the Company's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Code of Business Conduct and Ethics</u>. The Director agrees to abide by and follow all such procedures set forth in the Company's code of business conduct and ethics, as may be in existence now or at any time during the term of this Agreement, and any other policy, code or document governing the conduct of directors of the Company as may be in existence now or at any time during the term of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **<u>Expenses</u>**. Upon submission of adequate documentation by the Director to the Company, the Director shall be reimbursed for all reasonable expenses incurred in connection with the Director's positions as a member of the Board and for services as a member of each committee of the Board to which the Director may be appointed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **<u>Indemnity</u>**. The Company and the Director agree that indemnification with respect to the Director's service on the Board shall be governed by that certain Indemnification Agreement attached as <u>Exhibit A</u> hereto ("<u>Indemnification Agreement</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **<u>Withholding</u>**. The Director agrees to cooperate with the Company to take all steps necessary or appropriate for the withholding of taxes by the Company required under law or regulation in connection herewith, and the Company may act unilaterally in order to comply with such laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Termination**. The Company may terminate the Director's employment without cause by providing three (3) months' written notice or payment in lieu of notice. In addition, if the Company terminates the Director's employment without cause, the Employee shall be entitled to a severance payment equal to six (6) months of the Director's then-current base salary, inclusive of any notice period obligations.

The Company may terminate employment immediately without notice in the event of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) fraud;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) dishonesty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) gross misconduct;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) material breach of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) conviction of a criminal offence involving dishonesty or moral turpitude; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) conduct that materially damages the reputation or interests of the Company.

Upon termination of employment, the Director shall immediately return all Company property, documents, records and confidential materials.

For a period of twelve (12) months following termination of employment, the Director shall not directly solicit for employment any employee of the Company with whom she had material dealings during the final twelve months of employment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **<u>Binding Effect</u>**. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **<u>Recitals</u>**. The recitals to this Agreement are true and correct and are incorporated herein, in their entirety, by this reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **<u>Validity</u>**. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **<u>Headings and Captions</u>**. The titles and captions of paragraphs and subparagraphs contained in this Agreement are provided for convenience of reference only, and shall not be considered terms or conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **<u>Neutral Construction</u>**. Neither party hereto may rely on any drafts of this Agreement in any interpretation of the Agreement. Both parties to this Agreement have reviewed this Agreement and have participated in its drafting and, accordingly, neither party shall attempt to invoke the normal rule of construction to the effect that ambiguities are to be resolved against the drafting party in any interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. **<u>Counterparts</u>**. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original and all of which together will constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. **<u>Miscellaneous</u>**. This Agreement shall be construed under the laws of the State of New York, without application to the principles of conflicts of laws. This Agreement and the Indemnification Agreement constitute the entire understanding between the parties with respect to the Director's service on the Board and there are no prior or contemporaneous written or oral agreements, understandings, or representations, express or implied, directly or indirectly related to this Agreement that are not set forth or referenced herein. This Agreement supersedes all negotiations, preliminary agreements, and all prior and contemporaneous discussions and understandings of the parties hereto and/or their affiliates with respect to the Director's service on the Board. The Director acknowledges that he has not relied on any prior or contemporaneous discussions or understanding in entering into this Agreement. The terms and provisions of this Agreement may be altered, amended or discharged only by the signed written agreement of the parties hereto.

[*Remainder of Page Intentionally Left Blank*]

**IN WITNESS WHEREOF**, the parties hereto have executed this Director Agreement as of the Effective Date.

---

| | |
|:---|:---|
| **Star Integratia Limited** | **Star Integratia Limited** |
| By: | */s/ LIM Kiam Kiam* |
| Name: | LIM Kiam Kiam |
| Title: | Chairlady of the Board and Director |
| **DIRECTOR** | **DIRECTOR** |
|  | */s/ LIM Kiam Kiam* |
| Name: | LIM Kiam Kiam |

---

[*Signature Page to Director Agreement*]

**<u>EXHIBIT A</u>**

**INDEMNIFICATION AGREEMENT**

**(Attached)**

**<u>INDEMNIFICATION AGREEMENT</u>**

**THIS INDEMNIFICATION AGREEMENT** (this "Agreement"), dated as of Nov 21, 2025, is by and between **Star Integratia Limited**, a company incorporated under the laws of the Cayman Islands (the "Company") and LIM Kiam Kiam (the "Indemnitee") and shall become effective on the effective date of the registration statement of the Company's initial public offering (the "Effective Date").

**<u>RECITALS</u>**

**WHEREAS**, Indemnitee is a director or officer of the Company and in such capacity renders valuable services to the Company;

**WHEREAS**, both the Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of public companies;

**WHEREAS**, the board of directors of the Company (the "Board") has determined that enhancing the ability of the Company to retain and attract as directors and officers the most capable persons is in the best interests of the Company and that the Company therefore should seek to assure such persons that indemnification is available; and

**WHEREAS**, in recognition of the need to provide Indemnitee with substantial protection against personal liability, in order to procure Indemnitee's continued service as a director or officer of the Company and to enhance Indemnitee's ability to serve the Company in an effective manner, and in order to provide such protection pursuant to express contract rights (intended to be enforceable irrespective of, among other things, any amendment to the Company's Certificate of Incorporation or Memorandum and Articles of Association (collectively, the "Constituent Documents"), any change in the composition of the Board or any change in control or business combination transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of, and the advancement of Expenses (as defined in Section 1 below) to, Indemnitee as set forth in this Agreement.

**NOW, THEREFORE**, in consideration of the foregoing and the Indemnitee's agreement to continue to provide services to the Company, the parties agree as follows:

**<u>AGREEMENT</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Definitions**. For purposes of this Agreement, the following terms shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "<u>Beneficial Owner</u>" has the meaning given to the term "beneficial owner" in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "<u>Change in Control</u>" means the occurrence after the Effective Date of any of the following events:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 51% or more of the Company's then outstanding Voting Securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the consummation of a reorganization, merger or consolidation, unless immediately following such reorganization, merger or consolidation, all of the Beneficial Owners of the Voting Securities of the Company immediately prior to such transaction beneficially own, directly or indirectly, more than 51% of the combined voting power of the outstanding Voting Securities of the entity resulting from such transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) during any period of two consecutive years, not including any period prior to the execution of this Agreement, individuals who at the beginning of such period constituted the Board (including for this purpose any new directors whose election by the Board or nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved) cease for any reason to constitute at least a majority of the Board; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company's assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "<u>Claim</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any threatened, pending or completed action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal, administrative, arbitrative, investigative or other, and whether made pursuant to federal, state or other law; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any inquiry, hearing or investigation that the Indemnitee determines might lead to the institution of any such action, suit, proceeding or alternative dispute resolution mechanism.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "<u>Disinterested Director</u>" means a director of the Company who is not and was not a party to the Claim in respect of which indemnification is sought by Indemnitee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "<u>Expenses</u>" means any and all expenses, including attorneys' and experts' fees, court costs, transcript costs, travel expenses, duplicating, printing and binding costs, telephone charges, and all other costs and expenses incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness or participate in, any Claim. Expenses also shall include (i) Expenses incurred in connection with any appeal resulting from any Claim, including without limitation the premium, security for, and other costs relating to any cost bond, supersede as bond, or other appeal bond or its equivalent, and (ii) for purposes of <u>Section 4</u> only, Expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee's rights under this Agreement, by litigation or otherwise. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "<u>Expense Advance</u>" means any payment of Expenses advanced to Indemnitee by the Company pursuant to <u>Section 3</u> or <u>Section 4</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "<u>Indemnifiable Event</u>" means any event or occurrence, whether occurring before, on or after the Effective Date, related to the fact that Indemnitee is or was a director, officer, employee or agent of the Company or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, member, manager, trustee or agent of any other corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise (collectively with the Company, "Enterprise") or by reason of an action or inaction by Indemnitee in any such capacity (whether or not serving in such capacity at the time any Loss is incurred for which indemnification can be provided under this Agreement).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "<u>Independent Counsel</u>" means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently performs, nor in the past five years has performed, services for either: (i) the Company or Indemnitee (other than in connection with matters concerning Indemnitee under this Agreement or of other indemnitees under similar agreements) or (ii) any other party to the Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term "Independent Counsel" shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee's rights under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "<u>Losses</u>" means any and all Expenses, damages, losses, liabilities, judgments, fines, penalties (whether civil, criminal or other), ERISA excise taxes, amounts paid or payable in settlement, including any interest, assessments, any federal, state, local or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement and all other charges paid or payable in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness or participate in, any Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) "<u>Person</u>" means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association, organization, governmental entity or other entity and includes the meaning set forth in Sections 13(d) and 14(d) of the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) "<u>Standard of Conduct Determination</u>" shall have the meaning ascribed to it in <u>Section 8</u>(b) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) "<u>Voting Securities</u>" means any securities of the Company that vote generally in the election of directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. Indemnification**. Subject to <u>Section 8</u> and <u>Section 9</u> of this Agreement, the Company shall indemnify Indemnitee, to the fullest extent permitted by the laws of the State of New York in effect on the Effective Date, or as such laws may from time to time hereafter be amended to increase the scope of such permitted indemnification, against any and all Losses if Indemnitee was or is or becomes a party to or participant in, or is threatened to be made a party to or participant in, any Claim by reason of or arising in part out of an Indemnifiable Event, including, without limitation, Claims brought by or in the right of the Company, Claims brought by third parties, and Claims in which the Indemnitee is solely a witness.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. Advancement of Expenses**. Indemnitee shall have the right to advancement by the Company, prior to the final disposition of any Claim by final adjudication to which there are no further rights of appeal, of any and all Expenses actually and reasonably paid or incurred by Indemnitee in connection with any Claim arising out of an Indemnifiable Event at the written request of Indemnitee. Indemnitee shall set forth in such request reasonable evidence that such Expenses have been paid or incurred by Indemnitee. Indemnitee's right to such advancement is not subject to the satisfaction of any standard of conduct. Without limiting the generality or effect of the foregoing, within thirty days after any request by Indemnitee, the Company shall, in accordance with such request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses. In connection with any request for Expense Advances, Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. The Company's obligation to pay Expense Advances to Indemnitee is contingent upon Indemnitee's execution and delivery to the Company of an undertaking to repay any amounts paid, advanced, or reimbursed by the Company for such Expenses to the extent that it is ultimately determined, following the final disposition of such Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee's obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Indemnification for Expenses in Enforcing Rights**. To the fullest extent allowable under applicable law, the Company shall also indemnify Indemnitee against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with <u>Section 3</u>, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter in effect relating to Claims relating to Indemnifiable Events, and/or (b) recovery under any directors' and officers' liability insurance policies maintained by the Company. However, in the event that Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this <u>Section 4</u> shall be repaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Partial Indemnity**. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for a portion of any Losses in respect of a Claim related to an Indemnifiable Event but not for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Notification and Defense of Claims**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Notification of Claims</u>. Indemnitee shall notify the Company in writing as soon as practicable of any Claim which could relate to an Indemnifiable Event or for which Indemnitee could seek Expense Advances, including a brief description (based upon information then available to Indemnitee) of the nature of, and the facts underlying, such Claim. The failure by Indemnitee to timely notify the Company hereunder shall not relieve the Company from any liability hereunder unless the Company's ability to participate in the defense of such claim was materially and adversely affected by such failure. If at the time of the receipt of such notice, the Company has directors' and officers' liability insurance in effect under which coverage for Claims related to Indemnifiable Events is potentially available, the Company shall give prompt written notice to the applicable insurers in accordance with the procedures set forth in the applicable policies. The Company shall provide to Indemnitee a copy of such notice delivered to the applicable insurers, and copies of all subsequent correspondence between the Company and such insurers regarding the Claim, in each case substantially concurrently with the delivery or receipt thereof by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Defense of Claims</u>. The Company shall be entitled to participate in the defense of any Claim relating to an Indemnifiable Event at its own expense and, except as otherwise provided below, to the extent the Company so wishes, it may assume the defense thereof with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to assume the defense of any such Claim, the Company shall not be liable to Indemnitee under this Agreement or otherwise for any Expenses subsequently directly incurred by Indemnitee in connection with Indemnitee's defense of such Claim other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ its own legal counsel in such Claim, but all Expenses related to such counsel incurred after notice from the Company of its assumption of the defense shall be at Indemnitee's own expense; provided, however, that if (i) Indemnitee's employment of its own legal counsel has been authorized by the Company, (ii) Indemnitee has reasonably determined that there may be a conflict of interest between Indemnitee and the Company in the defense of such Claim, (iii) after a Change in Control, Indemnitee's employment of its own counsel has been approved by the Independent Counsel or (iv) the Company shall not in fact have employed counsel to assume the defense of such Claim, then Indemnitee shall be entitled to retain its own separate counsel (but not more than one law firm) and all Expenses related to such separate counsel shall be borne by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Procedure upon Application for Indemnification**. In order to obtain indemnification pursuant to this Agreement, Indemnitee shall submit to the Company a written request therefor, including in such request such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of the Claim. Indemnification shall be made insofar as the Company determines Indemnitee is entitled to indemnification in accordance with <u>Section 8</u> below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Determination of Right to Indemnification**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Mandatory Indemnification</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To the extent that Indemnitee shall have been successful on the merits or otherwise in defense of any Claim relating to an Indemnifiable Event or any portion thereof or in defense of any issue or matter therein, including without limitation dismissal without prejudice, Indemnitee shall be indemnified against all Losses relating to such Claim in accordance with <u>Section 2</u> to the fullest extent allowable by law, and no Standard of Conduct Determination (as defined in <u>Section 8</u>(b)) shall be required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To the extent that Indemnitee's involvement in a Claim relating to an Indemnifiable Event is to prepare to serve and serve as a witness, and not as a party, the Indemnitee shall be indemnified against all Losses incurred in connection therewith to the fullest extent allowable by law and no Standard of Conduct Determination (as defined in <u>Section 8</u>(b)) shall be required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Standard of Conduct</u>. To the extent that the provisions of <u>Section 8</u>(a) are inapplicable to a Claim related to an Indemnifiable Event that shall have been finally disposed of, any determination of whether Indemnitee has satisfied any applicable standard of conduct under New York law that is a legally required condition to indemnification of Indemnitee hereunder against Losses relating to such Claim and any determination that Expense Advances must be repaid to the Company (a "Standard of Conduct Determination") shall be made as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if no Change in Control has occurred, (A) by a majority vote of the Disinterested Directors, even if less than a quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum or (C) if there are no such Disinterested Directors, by Independent Counsel in a written opinion addressed to the Board, a copy of which shall be delivered to Indemnitee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if a Change in Control shall have occurred, (A) if the Indemnitee so requests in writing, by a majority vote of the Disinterested Directors, even if less than a quorum of the Board or (B) otherwise, by Independent Counsel in a written opinion addressed to the Board, a copy of which shall be delivered to Indemnitee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Making the Standard of Conduct Determination</u>. The Company shall use its reasonable best efforts to cause any Standard of Conduct Determination required under <u>Section 8</u>(b) to be made as promptly as practicable. If the person or persons designated to make the Standard of Conduct Determination under <u>Section 8</u>(b) shall not have made a determination within thirty days after the later of (A) receipt by the Company of a written request from Indemnitee for indemnification pursuant to <u>Section 7</u> (the date of such receipt being the "Notification Date") and (B) the selection of an Independent Counsel, if such determination is to be made by Independent Counsel, then Indemnitee shall be deemed to have satisfied the applicable standard of conduct; provided that such 30-day period may be extended for a reasonable time, if the person or persons making such determination in good faith requires such additional time to obtain or evaluate information relating thereto. Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement of Indemnitee to indemnification under this Agreement shall be required to be made prior to the final disposition of any Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Payment of Indemnification</u>. If, in regard to any Losses:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Indemnitee shall be entitled to indemnification pursuant to <u>Section 8</u>(a);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no Standard Conduct Determination is legally required as a condition to indemnification of Indemnitee hereunder; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Indemnitee has been determined or deemed pursuant to <u>Section 8</u>(b) or <u>Section 8</u>(c) to have satisfied the Standard of Conduct Determination, then the Company shall pay to Indemnitee, within thirty days after the later of (A) the Notification Date or (B) the earliest date on which the applicable criterion specified in clause (i), (ii) or (iii) is satisfied, an amount equal to such Losses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Selection of Independent Counsel for Standard of Conduct Determination</u>. If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to <u>Section 8</u>(b)(i), the Independent Counsel shall be selected by the Board, and the Company shall give written notice to Indemnitee advising of the identity of the Independent Counsel so selected. If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to <u>Section 8</u>(b)(ii), the Independent Counsel shall be selected by Indemnitee, and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either case, Indemnitee or the Company, as applicable, may, within five days after receiving written notice of selection from the other, deliver to the other a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not satisfy the criteria set forth in the definition of "Independent Counsel" in <u>Section 1</u>, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person or firm so selected shall act as Independent Counsel. If such written objection is properly and timely made and substantiated, (i) the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit; and (ii) the non-objecting party may, at its option, select an alternative Independent Counsel and give written notice to the other party advising such other party of the identity of the alternative Independent Counsel so selected, in which case the provisions of the two immediately preceding sentences, the introductory clause of this sentence and numbered clause (i) of this sentence shall apply to such subsequent selection and notice. If applicable, the provisions of clause (ii) of the immediately preceding sentence shall apply to successive alternative selections. If no Independent Counsel that is permitted under the foregoing provisions of this <u>Section 8</u>(e) to make the Standard of Conduct Determination shall have been selected within twenty days after the Company gives its initial notice pursuant to the first sentence of this <u>Section 8</u>(e) or Indemnitee gives its initial notice pursuant to the second sentence of this <u>Section 8</u>(e), as the case may be, either the Company or Indemnitee may petition a court of competent jurisdiction to resolve any objection which shall have been made by the Company or Indemnitee to the other's selection of Independent Counsel and/or to appoint as Independent Counsel a person to be selected by such court or such other person as the court shall designate, and the person or firm with respect to whom all objections are so resolved or the person or firm so appointed will act as Independent Counsel. In all events, the Company shall pay all of the reasonable fees and expenses of the Independent Counsel incurred in connection with the Independent Counsel's determination pursuant to <u>Section 8</u>(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Presumptions and Defenses</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Indemnitee's Entitlement to Indemnification</u>. In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and the Company shall have the burden of proof to overcome that presumption and establish that Indemnitee is not so entitled. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in a court of competent jurisdiction. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct may be used as a defense to any legal proceedings brought by Indemnitee to secure indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Reliance as a Safe Harbor</u>. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee's actions or omissions to act are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or by committees of the Board or by any other Person (including legal counsel, accountants and financial advisors) as to matters Indemnitee reasonably believes are within such other Person's professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and/or actions, or failures to act, of any director, officer, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>No Other Presumptions</u>. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, will not create a presumption that Indemnitee did not meet any applicable standard of conduct or have any particular belief, or that indemnification hereunder is otherwise not permitted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Defense to Indemnification and Burden of Proof</u>. It shall be a defense to any action brought by Indemnitee against the Company to enforce this Agreement (other than an action brought to enforce a claim for Losses incurred in defending against a Claim related to an Indemnifiable Event in advance of its final disposition) that it is not permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed. In connection with any such action or any related Standard of Conduct Determination, the burden of proving such a defense or that the Indemnitee did not satisfy the applicable standard of conduct shall be on the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>Resolution of Claims</u>. The Company acknowledges that a settlement or other disposition short of final judgment may be successful on the merits or otherwise for purposes of <u>Section 8</u>(a)(i) if it permits a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any Claim relating to an Indemnifiable Event to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation, settlement of such action, claim or proceeding with our without payment of money or other consideration) it shall be presumed that Indemnitee has been successful on the merits or otherwise for purposes of <u>Section 8</u>(a)(i). The Company shall have the burden of proof to overcome this presumption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Exclusions from Indemnification**. Notwithstanding anything in this Agreement to the contrary, the Company shall not be obligated to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) indemnify or advance funds to Indemnitee for Expenses or Losses with respect to proceedings initiated by Indemnitee, including any proceedings against the Company or its directors, officers, employees or other indemnitees and not by way of defense, except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) proceedings referenced in <u>Section 4</u> above (unless a court of competent jurisdiction determines that each of the material assertions made by Indemnitee in such proceeding was not made in good faith or was frivolous); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) where the Company has joined in or the Board has consented to the initiation of such proceedings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) indemnify Indemnitee if a final decision by a court of competent jurisdiction determines that such indemnification is prohibited by applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) indemnify Indemnitee for the disgorgement of profits arising from the purchase or sale by Indemnitee of securities of the Company in violation of Section 16(b) of the Exchange Act, or any similar successor statute; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) indemnify or advance funds to Indemnitee for Indemnitee's reimbursement to the Company of any bonus or other incentive-based or equity-based compensation previously received by Indemnitee or payment of any profits realized by Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including any such reimbursements under Section 304 of the Sarbanes-Oxley Act of 2002 in connection with an accounting restatement of the Company or the payment to the Company of profits arising from the purchase or sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **Settlement of Claims**. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in settlement of any threatened or pending Claim related to an Indemnifiable Event effected without the Company's prior written consent, which shall not be unreasonably withheld. The Company shall not settle any Claim related to an Indemnifiable Event in any manner that would impose any Losses on the Indemnitee without the Indemnitee's prior written consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Duration**. All agreements and obligations of the Company contained herein shall continue during the period that Indemnitee is a director or officer of the Company (or is serving at the request of the Company as a director, officer, employee, member, trustee or agent of another Enterprise) and shall continue thereafter (i) so long as Indemnitee may be subject to any possible Claim relating to an Indemnifiable Event (including any rights of appeal thereto) and (ii) throughout the pendency of any proceeding (including any rights of appeal thereto) commenced by Indemnitee to enforce or interpret his or her rights under this Agreement, even if, in either case, he or she may have ceased to serve in such capacity at the time of any such Claim or proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12. Non-Exclusivity**. The rights of Indemnitee hereunder will be in addition to any other rights Indemnitee may have under the Constituent Documents, the New York Business Corporation Law, any other contract or otherwise (collectively, "Other Indemnity Provisions"); provided, however, that (a) to the extent that Indemnitee otherwise would have any greater right to indemnification under any Other Indemnity Provision, Indemnitee will be deemed to have such greater right hereunder and (b) to the extent that any change is made to any Other Indemnity Provision which permits any greater right to indemnification than that provided under this Agreement as of the Effective Date, Indemnitee will be deemed to have such greater right hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13. Liability Insurance**. The Company shall from time to time make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance providing the officers and directors of the Company with coverage for losses incurred in connection with their services to the Company or to ensure the Company's performance of its indemnification obligations under this Agreement. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company's directors or officers, as applicable. Upon reasonable request, the Company will provide to Indemnitee copies of all directors' and officers' liability insurance applications, binders, policies, declarations and endorsements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14. No Duplication of Payments**. The Company shall not be liable under this Agreement to make any payment to Indemnitee in respect of any Losses to the extent Indemnitee has otherwise received payment under any insurance policy, the Constituent Documents, Other Indemnity Provisions or otherwise of the amounts otherwise indemnifiable by the Company hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15. Subrogation**. In the event of payment to Indemnitee under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee. Indemnitee shall execute all documents required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16. Amendments**. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be binding unless in the form of a writing signed by the party against whom enforcement of the waiver is sought, and no such waiver shall operate as a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided herein, no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17. Binding Effect**. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part of the business and/or assets of the Company, by written agreement, to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18. Severability**. The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any portion thereof) are held by a court of competent jurisdiction to be invalid, illegal, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19. Notices**. All notices, requests, demands and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered by hand; (ii) otherwise delivered against receipt therefor; (iii) mailed by postage prepaid, certified or registered mail; (iv) sent by a recognized courier with next-day or second-day delivery to the last known address of the other party; or (v) sent by e-mail with confirmation of receipt:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if to Indemnitee, to the email address set forth on the signature page hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if to the Company: Star Integratia Limited

62 Ubi Road 1, #06-03,Oxley Bizhub 2,Singapore 408734

Notice of change of address shall be effective only when given in accordance with this Section. All notices complying with this Section shall be deemed to have been received on the date of delivery or on the third business day after mailing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20. Governing Law**. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York applicable to contracts made and to be performed in such state without giving effect to its principles of conflicts of laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21. Headings**. The headings of the sections and paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction or interpretation thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22. Counterparts**. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original, and all of which together shall constitute one and the same Agreement.

[*Signature Page Follows*]

**IN WITNESS WHEREOF**, the parties hereto have executed this Agreement as of the date first written above.

---

| | |
|:---|:---|
| **Star Integratia Limited** | **Star Integratia Limited** |
| By: | */s/ LIM Kiam Kiam* |
| Name: | LIM Kiam Kiam |
| Title: | Chairlady of the Board and Director |

---

---

| | |
|:---|:---|
| **INDEMNITEE** | **INDEMNITEE** |
|  | */s/ LIM Kiam Kiam* |
| Name: | LIM Kiam Kiam |
| Email: | limkiamkiam@gmail.com |

---

Signature Page to Indemnification Agreement

## Exhibit 10.2

**Exhibit 10.2**

**<u>EXECUTIVE OFFICER AGREEMENT</u>**

**THIS EXECUTIVE OFFICER AGREEMENT** (this "Agreement"), dated as of June 5, 2026, is by and between **Star Integratia Limited**, a company incorporated under the laws of the Cayman Islands (the "Company"), and Joyce LAI Xin, an individual (the "Executive Officer").

**<u>AGREEMENT</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Appointment.** The Executive Officer was appointed as chief executive officer (the "CEO") of the Company on May 25, 2026. This Agreement serves to regulate the employment relationship between the Company and the Executive Officer from the effective date of the registration statement of the Company's initial public offering ("Effective Date"). For the avoidance of doubt, this Agreement shall not affect the effectiveness of the appointment of the Executive Officer on May 25, 2026, nor the Executive Officer's employment relationship with the Company prior to the effectiveness of the registration statement. The Company shall employ the Executive Officer and the Executive Officer shall diligently and faithfully serve as the CEO pursuant to the terms and conditions of this Agreement and subject to the amended and restated memorandum and articles of association of the Company, the rules and regulations of the Nasdaq Capital Market (to the extent applicable) and other applicable laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Term.** The provisions of this Agreement shall commence from the effective date of the registration statement of the Company's initial public offering and shall continue until the Executive Officer's successor is duly elected or appointed and qualified or until the Executive Officer's earlier death, disqualification, resignation or removal from office, termination pursuant to the terms of this Agreement, the Company's then current memorandum and articles of association, as may be amended from time to time, or any applicable laws, rules, or regulations (the "Expiration Date"). In the event that the Executive Officer's successor has not been duly elected or appointed as of the Expiration Date, the Executive Officer agrees to continue to serve hereunder until such successor has been duly elected or appointed and qualified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Compensation**. Upon the Effective Date and during the term of this Agreement, the Executive Officer shall receive the following compensation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Executive Officer shall receive a monthly salary of $18,000 SGD which shall accrue on a day to day basis payable in arrears on the last day of each calendar month provided that if the Appointment is terminated prior to the end of a calendar month, the Executive Officer shall only be entitled to a proportionate part of such salary in respect of the period of service during the relevant month up to the date of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Director may be eligible for an annual discretionary performance bonus as determined by the Board based on individual performance and the performance of the Company. No bonus shall be guaranteed unless expressly approved by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Director shall be eligible to participate in any share option plan, equity incentive plan, restricted share unit plan or other equity compensation arrangements shall be determined separately by the Board and shall not form part of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Where applicable under Singapore law, the Company shall make employer CPF contributions and the Director shall make employee CPF contributions in accordance with the provisions of the Central Provident Fund Act 1953 and any applicable regulations thereunder. Such contributions shall be deducted and remitted in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Director shall be entitled to twenty-eight (28) working days of paid annual leave during each calendar year. Unused leave shall be governed by the Company's leave policy as amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Director shall be entitled to (i) twenty (20) days of paid outpatient sick leave per calendar year; and (ii) sixty (60) days of paid hospitalization leave per calendar year (inclusive of outpatient sick leave), subject to the submission of a valid medical certificate issued by a duly qualified medical practitioner. The Executive Officer shall also be entitled to participate in any medical insurance or healthcare benefit programs maintained by the Company from time to time.

The compensation may be reviewed during the term of this Agreement by the Compensation Committee pursuant to its terms of reference after from the effective date of the registration statement of the Company's initial public offering. Any adjustment of the Compensation shall be recommended by the Compensation Committee (when applicable) and approved by the Board duly convened pursuant to the then current Memorandum and Articles of Association of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Duties.** The Executive Officer shall exercise all powers in good faith and in the best interests of the Company, including but not limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) devote a sufficient amount of time and attention to the interests and affairs of the Company in the discharge of duties of his or her office as the CEO and, where relevant, as an officer of such other members of the Group as are necessary for the proper and efficient administration, supervision, and management of the strategic planning, corporate management and business development of the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) faithfully and diligently perform such duties and exercise such powers as are consistent with his or her office in relation to the Company and/or the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in the discharge of such duties and in the exercise of such powers observe and comply with all reasonable and lawful resolutions, instructions, regulations and directions from time to time passed, made or given by the Board according to the best of his or her skills and ability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) perform such services for the Group and (without further remuneration unless otherwise agreed) accept such offices in the Group as the Board may from time to time reasonably require provided the same are consistent with his or her office;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) at all times keep the Board promptly and fully informed (in writing if so requested) in connection with the performance of such powers and duties and provide such explanations as the Board may require in connection with his or her office in relation to the Company and/or the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) act in accordance with his or her powers and obligations as the CEO and use his or her best endeavors to comply with and to cause the Company to comply with (a) this Agreement; (b) every rule or law applicable to any member of the Group, whether in the United States, Hong Kong, or elsewhere; (c) the rules and regulations of the Nasdaq Capital Market; (d) amended and restated memorandum and articles of association of the Company; (e) shareholders' and board resolutions of the Company; (f) the Securities Act of 1933; and (g) all other relevant securities regulations, rules, instructions and guidelines as issued by the relevant regulatory authorities from time to time, in relation to dealings in shares or other securities of the Company or any other member of the Group, and in relation to insider information or unpublished inside information affecting the shares, debentures or other securities of any member of the Group.

The Executive Officer shall carry out his or her duties and exercise his or her powers jointly with any other executive officers, senior management or directors of the Group as may from time to time be appointed by the Board. The Board may at any time require the Executive Officer to cease performing any of his or her duties or exercising any of his or her power under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Conflicts of Interest/Applicable Law**. In the event that the Executive Officer has a direct or indirect financial or personal interest in a contract or transaction to which the Company is a party, or the Executive Officer is contemplating entering into a transaction that involves use of corporate assets or competition against the Company, the Executive Officer shall promptly disclose such potential conflict to the applicable Board committee or the Board and proceed as directed by such committee or the Board, as applicable. The Executive Officer may hold directorships, investments or business interests in other entities provided that such interests are disclosed where required and do not materially interfere with the performance of her duties to the Company. The Executive Officer acknowledges the duty of loyalty and the duty of care owed to the Company pursuant to applicable law and agrees to act in all cases in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Corporate Opportunities**. Whenever the Executive Officer becomes aware of a business opportunity related to the Company's business, which one could reasonably expect the Executive Officer to make available to the Company, the Executive Officer shall promptly disclose such opportunity to the applicable Board committee or the Board and proceed as directed by such committee or the Board, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Confidentiality**. The Executive Officer agrees and acknowledges that, by reason of the nature of the Executive Officer's duties on the Board, the Executive Officer will have or may have access to and become informed of proprietary, confidential and secret information which is a competitive asset of the Company (the "Confidential Information"), including, without limitation, any lists of customers or suppliers, distributors, financial statistics, research data or any other statistics and plans or operation plans or other trade secrets of the Company and any of the foregoing which belong to any person or company but to which the Executive Officer has had access by reason of the Executive Officer's relationship with the Company. The term "Confidential Information" shall not include information which: (i) is or becomes generally available to the public other than as a result of a disclosure by the Executive Officer or the Executive Officer's representatives; or (ii) is required to be disclosed by the Executive Officer due to governmental regulatory or judicial process. The Executive Officer agrees faithfully to keep in strict confidence, and not, either directly or indirectly, to make known, divulge, reveal, furnish, make available or use (except for use in the regular course of employment duties) any such Confidential Information. The Executive Officer acknowledges that all manuals, instruction books, price lists, information and records and other information and aids relating to the Company's business, and any and all other documents containing Confidential Information furnished to the Executive Officer by the Company or otherwise acquired or developed by the Executive Officer, shall at all times be the property of the Company. Upon termination of the Executive Officer's services hereunder, the Executive Officer shall return to the Company any such property or documents which are in the Executive Officer's possession, custody or control, but this obligation of confidentiality shall survive such termination until and unless any such Confidential Information shall have become, through no fault of the Executive Officer, generally known to the public. The obligations of the Executive Officer under this subsection are in addition to, and not in limitation or preemption of, all other obligations of confidentiality which the Executive Officer may have to the Company under general legal or equitable principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Code of Business Conduct and Ethics**. The Executive Officer agrees to abide by and follow all such procedures set forth in the Company's code of business conduct and ethics, as may be in existence now or at any time during the term of this Agreement, and any other policy, code or document governing the conduct of executive officers of the Company as may be in existence now or at any time during the term of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Intellectual Property**. All intellectual property, methodologies, software, databases, business processes, content, training materials, reports, documents, inventions, developments and other work products created, developed or improved by the Executive Officer in connection with the Company's business shall belong exclusively to the Company. The Executive Officer shall execute all documents necessary to give effect to this provision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **Expenses**. Upon submission of adequate documentation by the Executive Officer to the Company, the Executive Officer shall be reimbursed for all reasonable expenses incurred in connection with the Executive Officer's positions as a member of the Board and for services as a member of each committee of the Board to which the Executive Officer may be appointed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Indemnity**. The Company and the Executive Officer agree that indemnification with respect to the Executive Officer's service shall be governed by that certain Indemnification Agreement attached as <u>Exhibit A</u> hereto (the "<u>Indemnification A</u>g<u>reement</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Withholding**. The Executive Officer agrees to cooperate with the Company to take all steps necessary or appropriate for the withholding of taxes by the Company required under law or regulation in connection herewith, and the Company may act unilaterally in order to comply with such laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. **Termination**. The Company may terminate the Director's employment without cause by providing three (3) months' written notice or payment in lieu of notice. In addition, if the Company terminates the Director's employment without cause, the Employee shall be entitled to a severance payment equal to six (6) months of the Director's then-current base salary, inclusive of any notice period obligations.<br>The Company may terminate employment immediately without notice in the event of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) fraud;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) dishonesty;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) gross misconduct;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) material breach of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) conviction of a criminal offence involving dishonesty or moral turpitude; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) conduct that materially damages the reputation or interests of the Company.

Upon termination of employment, the Director shall immediately return all Company property, documents, records and confidential materials.

For a period of twelve (12) months following termination of employment, the Director shall not directly solicit for employment any employee of the Company with whom she had material dealings during the final twelve months of employment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. **Binding Effect**. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. **Recitals.** The recitals to this Agreement are true and correct and are incorporated herein, in their entirety, by this reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. **Validity**. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. **Headings and Captions**. The titles and captions of paragraphs and subparagraphs contained in this Agreement are provided for convenience of reference only, and shall not be considered terms or conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. **Neutral Construction**. Neither party hereto may rely on any drafts of this Agreement in any interpretation of the Agreement. Both parties to this Agreement have reviewed this Agreement and have participated in its drafting and, accordingly, neither party shall attempt to invoke the normal rule of construction to the effect that ambiguities are to be resolved against the drafting party in any interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. **Counterparts**. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original and all of which together will constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. **Miscellaneous**. This Agreement shall be construed under the laws of the State of New York, without application to the principles of conflicts of laws. This Agreement and the Indemnification Agreement constitute the entire understanding between the parties with respect to the Executive Officer's service and there are no prior or contemporaneous written or oral agreements, understandings, or representations, express or implied, directly or indirectly related to this Agreement that are not set forth or referenced herein. This Agreement supersedes all negotiations, preliminary agreements, and all prior and contemporaneous discussions and understandings of the parties hereto and/or their affiliates with respect to the Executive Officer's service. The Executive Officer acknowledges that he has not relied on any prior or contemporaneous discussions or understanding in entering into this Agreement. The terms and provisions of this Agreement may be altered, amended or discharged only by the signed written agreement of the parties hereto.

[*Remainder of Page Intentionally Left Blank*]

**IN WITNESS WHEREOF**, the parties hereto have executed this Executive Officer Agreement as of the date first above written.

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| | |
|:---|:---|
| **Star Integratia Limited** | **Star Integratia Limited** |
| By: | */s/ LIM Kiam Kiam* |
| Name: | LIM Kiam Kiam |
| Title: | Chairlady of the Board and Director |

---

---

| | |
|:---|:---|
| **EXECUTIVE OFFICER** | **EXECUTIVE OFFICER** |
|  | */s/ Joyce LAI Xin* |
| Name: | Joyce LAI Xin |

---

Signature Page to Executive Officer Agreement

<u>EXHIBIT A</u> 

INDEMNIFICATION AGREEMENT

(Attached)

**<u>INDEMNIFICATION AGREEMENT</u>**

**THIS INDEMNIFICATION AGREEMENT** (this "Agreement"), dated as of May 25, 2026, is by and between **Star Integratia Limited**, a company incorporated under the laws of the Cayman Islands (the "Company") and Joyce LAI Xin (the "Indemnitee") and shall become effective on the effective date of the registration statement of the Company's initial public offering (the "Effective Date").

**<u>RECITALS</u>**

**WHEREAS**, Indemnitee is a director or officer of the Company and in such capacity renders valuable services to the Company;

**WHEREAS**, both the Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers of public companies;

**WHEREAS**, the board of directors of the Company (the "Board") has determined that enhancing the ability of the Company to retain and attract as directors and officers the most capable persons is in the best interests of the Company and that the Company therefore should seek to assure such persons that indemnification is available; and

**WHEREAS**, in recognition of the need to provide Indemnitee with substantial protection against personal liability, in order to procure Indemnitee's continued service as a director or officer of the Company and to enhance Indemnitee's ability to serve the Company in an effective manner, and in order to provide such protection pursuant to express contract rights (intended to be enforceable irrespective of, among other things, any amendment to the Company's Certificate of Incorporation or Memorandum and Articles of Association (collectively, the "Constituent Documents"), any change in the composition of the Board or any change in control or business combination transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of, and the advancement of Expenses (as defined in Section 1 below) to, Indemnitee as set forth in this Agreement.

**NOW, THEREFORE**, in consideration of the foregoing and the Indemnitee's agreement to continue to provide services to the Company, the parties agree as follows:

**<u>AGREEMENT</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Definitions**. For purposes of this Agreement, the following terms shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "<u>Beneficial Owner</u>" has the meaning given to the term "beneficial owner" in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "<u>Change in Control</u>" means the occurrence after the Effective Date of any of the following events:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 51% or more of the Company's then outstanding Voting Securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the consummation of a reorganization, merger or consolidation, unless immediately following such reorganization, merger or consolidation, all of the Beneficial Owners of the Voting Securities of the Company immediately prior to such transaction beneficially own, directly or indirectly, more than 51% of the combined voting power of the outstanding Voting Securities of the entity resulting from such transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) during any period of two consecutive years, not including any period prior to the execution of this Agreement, individuals who at the beginning of such period constituted the Board (including for this purpose any new directors whose election by the Board or nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved) cease for any reason to constitute at least a majority of the Board; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or an agreement for the sale or disposition by the Company of all or substantially all of the Company's assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "<u>Claim</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any threatened, pending or completed action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal, administrative, arbitrative, investigative or other, and whether made pursuant to federal, state or other law; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any inquiry, hearing or investigation that the Indemnitee determines might lead to the institution of any such action, suit, proceeding or alternative dispute resolution mechanism.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "<u>Disinterested Director</u>" means a director of the Company who is not and was not a party to the Claim in respect of which indemnification is sought by Indemnitee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "<u>Expenses</u>" means any and all expenses, including attorneys' and experts' fees, court costs, transcript costs, travel expenses, duplicating, printing and binding costs, telephone charges, and all other costs and expenses incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness or participate in, any Claim. Expenses also shall include (i) Expenses incurred in connection with any appeal resulting from any Claim, including without limitation the premium, security for, and other costs relating to any cost bond, supersede as bond, or other appeal bond or its equivalent, and (ii) for purposes of <u>Section 4</u> only, Expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee's rights under this Agreement, by litigation or otherwise. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "<u>Expense Advance</u>" means any payment of Expenses advanced to Indemnitee by the Company pursuant to <u>Section 3</u> or <u>Section 4</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "<u>Indemnifiable Event</u>" means any event or occurrence, whether occurring before, on or after the Effective Date, related to the fact that Indemnitee is or was a director, officer, employee or agent of the Company or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, member, manager, trustee or agent of any other corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise (collectively with the Company, "Enterprise") or by reason of an action or inaction by Indemnitee in any such capacity (whether or not serving in such capacity at the time any Loss is incurred for which indemnification can be provided under this Agreement).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "<u>Independent Counsel</u>" means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently performs, nor in the past five years has performed, services for either: (i) the Company or Indemnitee (other than in connection with matters concerning Indemnitee under this Agreement or of other indemnitees under similar agreements) or (ii) any other party to the Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term "Independent Counsel" shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee's rights under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "<u>Losses</u>" means any and all Expenses, damages, losses, liabilities, judgments, fines, penalties (whether civil, criminal or other), ERISA excise taxes, amounts paid or payable in settlement, including any interest, assessments, any federal, state, local or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement and all other charges paid or payable in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness or participate in, any Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) "<u>Person</u>" means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association, organization, governmental entity or other entity and includes the meaning set forth in Sections 13(d) and 14(d) of the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) "<u>Standard of Conduct Determination</u>" shall have the meaning ascribed to it in <u>Section 8</u>(b) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) "<u>Voting Securities</u>" means any securities of the Company that vote generally in the election of directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. Indemnification**. Subject to <u>Section 8</u> and <u>Section 9</u> of this Agreement, the Company shall indemnify Indemnitee, to the fullest extent permitted by the laws of the State of New York in effect on the Effective Date, or as such laws may from time to time hereafter be amended to increase the scope of such permitted indemnification, against any and all Losses if Indemnitee was or is or becomes a party to or participant in, or is threatened to be made a party to or participant in, any Claim by reason of or arising in part out of an Indemnifiable Event, including, without limitation, Claims brought by or in the right of the Company, Claims brought by third parties, and Claims in which the Indemnitee is solely a witness.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. Advancement of Expenses**. Indemnitee shall have the right to advancement by the Company, prior to the final disposition of any Claim by final adjudication to which there are no further rights of appeal, of any and all Expenses actually and reasonably paid or incurred by Indemnitee in connection with any Claim arising out of an Indemnifiable Event at the written request of Indemnitee. Indemnitee shall set forth in such request reasonable evidence that such Expenses have been paid or incurred by Indemnitee. Indemnitee's right to such advancement is not subject to the satisfaction of any standard of conduct. Without limiting the generality or effect of the foregoing, within thirty days after any request by Indemnitee, the Company shall, in accordance with such request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses. In connection with any request for Expense Advances, Indemnitee shall not be required to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. The Company's obligation to pay Expense Advances to Indemnitee is contingent upon Indemnitee's execution and delivery to the Company of an undertaking to repay any amounts paid, advanced, or reimbursed by the Company for such Expenses to the extent that it is ultimately determined, following the final disposition of such Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee's obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Indemnification for Expenses in Enforcing Rights**. To the fullest extent allowable under applicable law, the Company shall also indemnify Indemnitee against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with <u>Section 3</u>, any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter in effect relating to Claims relating to Indemnifiable Events, and/or (b) recovery under any directors' and officers' liability insurance policies maintained by the Company. However, in the event that Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery, as the case may be, then all amounts advanced under this <u>Section 4</u> shall be repaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Partial Indemnity**. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for a portion of any Losses in respect of a Claim related to an Indemnifiable Event but not for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Notification and Defense of Claims**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Notification of Claims</u>. Indemnitee shall notify the Company in writing as soon as practicable of any Claim which could relate to an Indemnifiable Event or for which Indemnitee could seek Expense Advances, including a brief description (based upon information then available to Indemnitee) of the nature of, and the facts underlying, such Claim. The failure by Indemnitee to timely notify the Company hereunder shall not relieve the Company from any liability hereunder unless the Company's ability to participate in the defense of such claim was materially and adversely affected by such failure. If at the time of the receipt of such notice, the Company has directors' and officers' liability insurance in effect under which coverage for Claims related to Indemnifiable Events is potentially available, the Company shall give prompt written notice to the applicable insurers in accordance with the procedures set forth in the applicable policies. The Company shall provide to Indemnitee a copy of such notice delivered to the applicable insurers, and copies of all subsequent correspondence between the Company and such insurers regarding the Claim, in each case substantially concurrently with the delivery or receipt thereof by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Defense of Claims</u>. The Company shall be entitled to participate in the defense of any Claim relating to an Indemnifiable Event at its own expense and, except as otherwise provided below, to the extent the Company so wishes, it may assume the defense thereof with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to assume the defense of any such Claim, the Company shall not be liable to Indemnitee under this Agreement or otherwise for any Expenses subsequently directly incurred by Indemnitee in connection with Indemnitee's defense of such Claim other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ its own legal counsel in such Claim, but all Expenses related to such counsel incurred after notice from the Company of its assumption of the defense shall be at Indemnitee's own expense; provided, however, that if (i) Indemnitee's employment of its own legal counsel has been authorized by the Company, (ii) Indemnitee has reasonably determined that there may be a conflict of interest between Indemnitee and the Company in the defense of such Claim, (iii) after a Change in Control, Indemnitee's employment of its own counsel has been approved by the Independent Counsel or (iv) the Company shall not in fact have employed counsel to assume the defense of such Claim, then Indemnitee shall be entitled to retain its own separate counsel (but not more than one law firm) and all Expenses related to such separate counsel shall be borne by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Procedure upon Application for Indemnification**. In order to obtain indemnification pursuant to this Agreement, Indemnitee shall submit to the Company a written request therefor, including in such request such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of the Claim. Indemnification shall be made insofar as the Company determines Indemnitee is entitled to indemnification in accordance with <u>Section 8</u> below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Determination of Right to Indemnification**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Mandatory Indemnification</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To the extent that Indemnitee shall have been successful on the merits or otherwise in defense of any Claim relating to an Indemnifiable Event or any portion thereof or in defense of any issue or matter therein, including without limitation dismissal without prejudice, Indemnitee shall be indemnified against all Losses relating to such Claim in accordance with <u>Section 2</u> to the fullest extent allowable by law, and no Standard of Conduct Determination (as defined in <u>Section 8</u>(b)) shall be required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To the extent that Indemnitee's involvement in a Claim relating to an Indemnifiable Event is to prepare to serve and serve as a witness, and not as a party, the Indemnitee shall be indemnified against all Losses incurred in connection therewith to the fullest extent allowable by law and no Standard of Conduct Determination (as defined in <u>Section 8</u>(b)) shall be required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Standard of Conduct</u>. To the extent that the provisions of <u>Section 8</u>(a) are inapplicable to a Claim related to an Indemnifiable Event that shall have been finally disposed of, any determination of whether Indemnitee has satisfied any applicable standard of conduct under New York law that is a legally required condition to indemnification of Indemnitee hereunder against Losses relating to such Claim and any determination that Expense Advances must be repaid to the Company (a "Standard of Conduct Determination") shall be made as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if no Change in Control has occurred, (A) by a majority vote of the Disinterested Directors, even if less than a quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum or (C) if there are no such Disinterested Directors, by Independent Counsel in a written opinion addressed to the Board, a copy of which shall be delivered to Indemnitee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if a Change in Control shall have occurred, (A) if the Indemnitee so requests in writing, by a majority vote of the Disinterested Directors, even if less than a quorum of the Board or (B) otherwise, by Independent Counsel in a written opinion addressed to the Board, a copy of which shall be delivered to Indemnitee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Making the Standard of Conduct Determination</u>. The Company shall use its reasonable best efforts to cause any Standard of Conduct Determination required under <u>Section 8</u>(b) to be made as promptly as practicable. If the person or persons designated to make the Standard of Conduct Determination under <u>Section 8</u>(b) shall not have made a determination within thirty days after the later of (A) receipt by the Company of a written request from Indemnitee for indemnification pursuant to <u>Section 7</u> (the date of such receipt being the "Notification Date") and (B) the selection of an Independent Counsel, if such determination is to be made by Independent Counsel, then Indemnitee shall be deemed to have satisfied the applicable standard of conduct; provided that such 30-day period may be extended for a reasonable time, if the person or persons making such determination in good faith requires such additional time to obtain or evaluate information relating thereto. Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement of Indemnitee to indemnification under this Agreement shall be required to be made prior to the final disposition of any Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Payment of Indemnification</u>. If, in regard to any Losses:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Indemnitee shall be entitled to indemnification pursuant to <u>Section 8</u>(a);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) no Standard Conduct Determination is legally required as a condition to indemnification of Indemnitee hereunder; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Indemnitee has been determined or deemed pursuant to <u>Section 8</u>(b) or <u>Section 8</u>(c) to have satisfied the Standard of Conduct Determination,

then the Company shall pay to Indemnitee, within thirty days after the later of (A) the Notification Date or (B) the earliest date on which the applicable criterion specified in clause (i), (ii) or (iii) is satisfied, an amount equal to such Losses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Selection of Independent Counsel for Standard of Conduct Determination</u>. If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to <u>Section 8</u>(b)(i), the Independent Counsel shall be selected by the Board, and the Company shall give written notice to Indemnitee advising of the identity of the Independent Counsel so selected. If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to <u>Section 8</u>(b)(ii), the Independent Counsel shall be selected by Indemnitee, and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either case, Indemnitee or the Company, as applicable, may, within five days after receiving written notice of selection from the other, deliver to the other a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not satisfy the criteria set forth in the definition of "Independent Counsel" in <u>Section 1</u>, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person or firm so selected shall act as Independent Counsel. If such written objection is properly and timely made and substantiated, (i) the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit; and (ii) the non-objecting party may, at its option, select an alternative Independent Counsel and give written notice to the other party advising such other party of the identity of the alternative Independent Counsel so selected, in which case the provisions of the two immediately preceding sentences, the introductory clause of this sentence and numbered clause (i) of this sentence shall apply to such subsequent selection and notice. If applicable, the provisions of clause (ii) of the immediately preceding sentence shall apply to successive alternative selections. If no Independent Counsel that is permitted under the foregoing provisions of this <u>Section 8</u>(e) to make the Standard of Conduct Determination shall have been selected within twenty days after the Company gives its initial notice pursuant to the first sentence of this <u>Section 8</u>(e) or Indemnitee gives its initial notice pursuant to the second sentence of this <u>Section 8</u>(e), as the case may be, either the Company or Indemnitee may petition a court of competent jurisdiction to resolve any objection which shall have been made by the Company or Indemnitee to the other's selection of Independent Counsel and/or to appoint as Independent Counsel a person to be selected by such court or such other person as the court shall designate, and the person or firm with respect to whom all objections are so resolved or the person or firm so appointed will act as Independent Counsel. In all events, the Company shall pay all of the reasonable fees and expenses of the Independent Counsel incurred in connection with the Independent Counsel's determination pursuant to <u>Section 8</u>(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Presumptions and Defenses</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Indemnitee's Entitlement to Indemnification</u>. In making any Standard of Conduct Determination, the person or persons making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and the Company shall have the burden of proof to overcome that presumption and establish that Indemnitee is not so entitled. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in a court of competent jurisdiction. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard of conduct may be used as a defense to any legal proceedings brought by Indemnitee to secure indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard of conduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Reliance as a Safe Harbor</u>. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company if Indemnitee's actions or omissions to act are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports or statements furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or by committees of the Board or by any other Person (including legal counsel, accountants and financial advisors) as to matters Indemnitee reasonably believes are within such other Person's professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge and/or actions, or failures to act, of any director, officer, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>No Other Presumptions</u>. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, will not create a presumption that Indemnitee did not meet any applicable standard of conduct or have any particular belief, or that indemnification hereunder is otherwise not permitted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Defense to Indemnification and Burden of Proof</u>. It shall be a defense to any action brought by Indemnitee against the Company to enforce this Agreement (other than an action brought to enforce a claim for Losses incurred in defending against a Claim related to an Indemnifiable Event in advance of its final disposition) that it is not permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed. In connection with any such action or any related Standard of Conduct Determination, the burden of proving such a defense or that the Indemnitee did not satisfy the applicable standard of conduct shall be on the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>Resolution of Claims</u>. The Company acknowledges that a settlement or other disposition short of final judgment may be successful on the merits or otherwise for purposes of <u>Section 8</u>(a)(i) if it permits a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any Claim relating to an Indemnifiable Event to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation, settlement of such action, claim or proceeding with our without payment of money or other consideration) it shall be presumed that Indemnitee has been successful on the merits or otherwise for purposes of <u>Section 8</u>(a)(i). The Company shall have the burden of proof to overcome this presumption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Exclusions from Indemnification**. Notwithstanding anything in this Agreement to the contrary, the Company shall not be obligated to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) indemnify or advance funds to Indemnitee for Expenses or Losses with respect to proceedings initiated by Indemnitee, including any proceedings against the Company or its directors, officers, employees or other indemnitees and not by way of defense, except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) proceedings referenced in <u>Section 4</u> above (unless a court of competent jurisdiction determines that each of the material assertions made by Indemnitee in such proceeding was not made in good faith or was frivolous); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) where the Company has joined in or the Board has consented to the initiation of such proceedings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) indemnify Indemnitee if a final decision by a court of competent jurisdiction determines that such indemnification is prohibited by applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) indemnify Indemnitee for the disgorgement of profits arising from the purchase or sale by Indemnitee of securities of the Company in violation of Section 16(b) of the Exchange Act, or any similar successor statute; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) indemnify or advance funds to Indemnitee for Indemnitee's reimbursement to the Company of any bonus or other incentive-based or equity-based compensation previously received by Indemnitee or payment of any profits realized by Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including any such reimbursements under Section 304 of the Sarbanes-Oxley Act of 2002 in connection with an accounting restatement of the Company or the payment to the Company of profits arising from the purchase or sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **Settlement of Claims**. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in settlement of any threatened or pending Claim related to an Indemnifiable Event effected without the Company's prior written consent, which shall not be unreasonably withheld. The Company shall not settle any Claim related to an Indemnifiable Event in any manner that would impose any Losses on the Indemnitee without the Indemnitee's prior written consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Duration**. All agreements and obligations of the Company contained herein shall continue during the period that Indemnitee is a director or officer of the Company (or is serving at the request of the Company as a director, officer, employee, member, trustee or agent of another Enterprise) and shall continue thereafter (i) so long as Indemnitee may be subject to any possible Claim relating to an Indemnifiable Event (including any rights of appeal thereto) and (ii) throughout the pendency of any proceeding (including any rights of appeal thereto) commenced by Indemnitee to enforce or interpret his or her rights under this Agreement, even if, in either case, he or she may have ceased to serve in such capacity at the time of any such Claim or proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12. Non-Exclusivity**. The rights of Indemnitee hereunder will be in addition to any other rights Indemnitee may have under the Constituent Documents, the New York Business Corporation Law, any other contract or otherwise (collectively, "Other Indemnity Provisions"); provided, however, that (a) to the extent that Indemnitee otherwise would have any greater right to indemnification under any Other Indemnity Provision, Indemnitee will be deemed to have such greater right hereunder and (b) to the extent that any change is made to any Other Indemnity Provision which permits any greater right to indemnification than that provided under this Agreement as of the Effective Date, Indemnitee will be deemed to have such greater right hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13. Liability Insurance**. The Company shall from time to time make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance providing the officers and directors of the Company with coverage for losses incurred in connection with their services to the Company or to ensure the Company's performance of its indemnification obligations under this Agreement. To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company's directors or officers, as applicable. Upon reasonable request, the Company will provide to Indemnitee copies of all directors' and officers' liability insurance applications, binders, policies, declarations and endorsements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14. No Duplication of Payments**. The Company shall not be liable under this Agreement to make any payment to Indemnitee in respect of any Losses to the extent Indemnitee has otherwise received payment under any insurance policy, the Constituent Documents, Other Indemnity Provisions or otherwise of the amounts otherwise indemnifiable by the Company hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15. Subrogation**. In the event of payment to Indemnitee under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee. Indemnitee shall execute all documents required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16. Amendments**. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be binding unless in the form of a writing signed by the party against whom enforcement of the waiver is sought, and no such waiver shall operate as a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided herein, no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17. Binding Effect**. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part of the business and/or assets of the Company, by written agreement, to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18. Severability**. The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any portion thereof) are held by a court of competent jurisdiction to be invalid, illegal, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19. Notices**. All notices, requests, demands and other communications required or permitted under this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered by hand; (ii) otherwise delivered against receipt therefor; (iii) mailed by postage prepaid, certified or registered mail; (iv) sent by a recognized courier with next-day or second-day delivery to the last known address of the other party; or (v) sent by e-mail with confirmation of receipt:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if to Indemnitee, to the email address set forth on the signature page hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if to the Company: Star Integratia Limited

62 Ubi Road 1, #06-03,Oxley Bizhub 2,Singapore 408734

Notice of change of address shall be effective only when given in accordance with this Section. All notices complying with this Section shall be deemed to have been received on the date of delivery or on the third business day after mailing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20. Governing Law**. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York applicable to contracts made and to be performed in such state without giving effect to its principles of conflicts of laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21. Headings**. The headings of the sections and paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction or interpretation thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22. Counterparts**. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original, and all of which together shall constitute one and the same Agreement.

[*Signature Page Follows*]

**IN WITNESS WHEREOF**, the parties hereto have executed this Agreement as of the date first written above.

---

| | |
|:---|:---|
| **Star Integratia Limited** | **Star Integratia Limited** |
| By: | */s/ LIM Kiam Kiam* |
| Name: | LIM Kiam Kiam |
| Title: | Chairlady of the Board and Director |

---

---

| | |
|:---|:---|
| **INDEMNITEE** | **INDEMNITEE** |
|  | */s/ Joyce LAI Xin* |
| Name: | Joyce LAI Xin |
| Email: | joycelaix@outlook.com |

---

Signature Page to Indemnification Agreement

## Exhibit 10.4

**Exhibit 10.4**

**INDEPENDENT DIRECTOR AGREEMENT**

This DIRECTOR AGREEMENT (the "Agreement") is made and entered into as of this [ ] day of [ ], by and between Star Integratia Limited, a Cayman Islands corporation (the "Company"), and [ ] (the "Independent Director") and shall become effective on the closing date of the Company's initial public offering (the "Effective Date").

WHEREAS, the Company desires to engage the Independent Director, and the Independent Director desires to serve, as a non-employee director of the Company, subject to the terms and conditions contained in this Agreement.

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the receipt of which is hereby acknowledged, the Company and the Independent Director, intending to be legally bound, hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. DEFINITIONS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "Corporate Status" describes the capacity of the Independent Director with respect to the Company and the services performed by the Independent Director in that capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "Entity" shall mean any corporation, partnership, limited liability company, joint venture, trust, foundation, association, organization or other legal entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "Proceeding" shall mean any threatened, pending or completed claim, action, suit, arbitration, alternate dispute resolution process, investigation, administrative hearing, appeal, or any other proceeding, whether civil, criminal, administrative or investigative, whether formal or informal, including a proceeding initiated by the Independent Director pursuant to Section 12 of this Agreement to enforce the Independent Director's rights hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "Expenses" shall mean all reasonable fees, costs and expenses, approved by the Company in advance and reasonably incurred in connection with any Proceeding, including, without limitation, attorneys' fees, disbursements and retainers, fees and disbursements of expert witnesses, private investigators, professional advisors (including, without limitation, accountants and investment bankers), court costs, transcript costs, fees of experts, travel expenses, duplicating, printing and binding costs, telephone and fax transmission charges, postage, delivery services, secretarial services, and other disbursements and expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "Liabilities" shall mean judgments, damages, liabilities, losses, penalties, excise taxes, fines and amounts paid in settlement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "Parent" shall mean any corporation or other entity (other than the Company) in any unbroken chain of corporations or other entities ending with the Company, if each of the corporations or entities, other than the Company, owns stock or other interests possessing 50% or more of the economic interest or the total combined voting power of all classes of stock or other interests in one of the other corporations or entities in the chain.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "Subsidiary" shall mean any corporation or other entity (other than the Company) in any unbroken chain of corporations or other entities beginning with the Company, if each of the corporations or entities, other than the last corporation or entity in the unbroken chain, owns stock or other interests possessing 50% or more of the economic interest or the total combined voting power of all classes of stock or other interests in one of the other corporations or entities in the chain.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. SERVICES OF INDEPENDENT DIRECTOR. While this Agreement is in effect, the Independent Director shall perform duties as an independent director and/or a member of the committees of the Board, be compensated for such and be reimbursed expenses in accordance with the Schedule A attached to this Agreement, subject to the following.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Independent Director will perform services as is consistent with Independent Director's position with the Company, as required and authorized by the Articles of Association of the Company, and in accordance with high professional and ethical standards and all applicable laws and rules and regulations pertaining to the Independent Director's performance hereunder, including without limitation, laws, rules and regulations relating to a public company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Independent Director is solely responsible for taxes arising out of any compensation paid by the Company to the Independent Director under this Agreement. The Independent Director acknowledges and agrees that because he/she is not an employee of the Company, the Company will not withhold any amounts for taxes from any of his/her payments under the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company may offset any and all monies payable to the Independent Director to the extent of any monies owing to the Company from the Independent Director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The rules and regulations of the Company notified to the Independent Director, from time to time, apply to the Independent Director. Such rules and regulations are subject to change by the Company in its sole discretion. Notwithstanding the foregoing, in the event of any conflict or inconsistency between the terms and conditions of this Agreement and rules and regulations of the Company, the terms of this Agreement control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. REQUIREMENTS OF INDEPENDENT DIRECTOR. During the term of the Independent Director's services to the Company hereunder, Independent Director shall observe all applicable laws and regulations relating to independent directors of a public company as promulgated from time to time, and shall not: (1) be an employee of the Company or any Parent or Subsidiary; (2) accept, directly or indirectly, any consulting, advisory, or other compensatory fee from the Company other than as a director and/or a member of a committee of the Board; (3) be an affiliated person of the Company or any Parent or Subsidiary, as the term "affiliate" is defined in 17 CFR 240.10A-3(e)(1), other than in his/her capacity as a director and/or a member of a committee of the Board; (4) possess an interest in any transaction with the Company or any Parent or Subsidiary, for which disclosure would be required pursuant to 17 CFR 229.404(a), other than in his/her capacity as a director and/or a member of a committee of the Board committees; (5) be engaged in a business relationship with the Company or any Parent or Subsidiary, for which disclosure would be required pursuant to 17 CFR 229.404(b), except that the required beneficial interest therein shall be modified to be 5% hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. REPORT OBLIGATION. While this Agreement is in effect, the Independent Director shall immediately report to the Company in the event: (1) the Independent Director knows or has reason to know or should have known that any of the requirements specified in Section 3 hereof is not satisfied or is not going to be satisfied; and (2) the Independent Director simultaneously serves on an audit committee of any other public company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. TERM AND TERMINATION. This Agreement and the Independent Director's services hereunder shall commence on the date hereof and terminate upon the earlier of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Removal of the Independent Director as a director of the Company, upon proper Board or stockholder action in accordance with the Articles of Association of the Company and applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Resignation of the Independent Director as a director of the Company upon written notice to the Board of Directors of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Disqualification of the Independent Director as a director of the Company in accordance with the Articles of Association of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Termination of this Agreement by the Company, in the event any of the requirements specified in Section 3 hereof is not satisfied, as determined by the Company in its sole discretion; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Failure of the stockholders of the Company to re-elect the Independent Director at the Company's annual shareholders' meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. LIMITATION OF LIABILITY. In no event shall the Independent Director be individually liable to the Company or its shareholders for any damages for breach of fiduciary duty as an independent director of the Company, unless the Independent Director's act or failure to act involves intentional misconduct, fraud, dishonesty or a knowing violation of law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. AGREEMENT OF INDEMNITY. The Company agrees to indemnify the Independent Director as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the exceptions contained in Section 8(a) below, if the Independent Director was or is a party or is threatened to be made a party to any Proceeding (other than an action by or in the right of the Company) by reason of the Independent Director's Corporate Status, the Independent Director shall be indemnified by the Company against all Expenses and Liabilities incurred or paid by the Independent Director in connection with such Proceeding (referred to herein as "INDEMNIFIABLE EXPENSES" and "INDEMNIFIABLE LIABILITIES," respectively, and collectively as "INDEMNIFIABLE AMOUNTS").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to the exceptions contained in Section 8(b) below, if the Independent Director was or is a party or is threatened to be made a party to any Proceeding by or in the right of the Company, to procure a judgment in its favor by reason of the Independent Director's Corporate Status, the Independent Director shall be indemnified by the Company against all Indemnifiable Expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of this Agreement, the Independent Director shall be deemed to have acted in good faith in conducting the Company's affairs as an independent director of the Company and/or a member of a committee of the Board of the Company, if the Independent Director: (i) exercised or used the same degree of diligence, care, and skill as an ordinarily prudent man would have exercised or used under the circumstances in the conduct of his/her own affairs; or (ii) took, or omitted to take, an action in reliance upon advise of counsels or other professional advisors for the Company, or upon statements made or information furnished by other directors, officers or employees of the Company, or upon a financial statement of the Company provided by a person in charge of its accounts or certified by a public accountant or a firm of public accountants, which the Independent Director had reasonable grounds to believe to be true.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. EXCEPTIONS TO INDEMNIFICATION. Director shall be entitled to indemnification under Sections 7(a) and 7(b) above in all circumstances other than the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If indemnification is requested under Section 7(a) and it has been adjudicated finally by a court or arbitral body of competent jurisdiction that, in connection with the subject of the Proceeding out of which the claim for indemnification has arisen, (i) the Independent Director failed to act in good faith and in a manner the Independent Director reasonably believed to be in or not opposed to the best interests of the Company, (ii) the Independent Director had reasonable cause to believe that the Independent Director's conduct was unlawful, or (iii) the Independent Director's conduct constituted willful misconduct, fraud, dishonesty or knowing violation of law, then the Independent Director shall not be entitled to payment of Indemnifiable Amounts hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If indemnification is requested under Section 7(b) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) it has been adjudicated finally by a court or arbitral body of competent jurisdiction that, in connection with the subject of the Proceeding out of which the claim for indemnification has arisen, the Independent Director failed to act in good faith and in a manner the Independent Director reasonably believed to be in or not opposed to the best interests of the Company, including without limitation, the breach of Section 4 hereof by the Independent Director, the Independent Director shall not be entitled to payment of Indemnifiable Expenses hereunder; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) it has been adjudicated finally by a court or arbitral body of competent jurisdiction that the Independent Director is liable to the Company with respect to any claim, issue or matter involved in the Proceeding out of which the claim for indemnification has arisen, including, without limitation, a claim that the Independent Director received an improper benefit or improperly took advantage of a corporate opportunity, the Independent Director shall not be entitled to payment of Indemnifiable Expenses hereunder with respect to such claim, issue or matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. WHOLLY OR PARTLY SUCCESSFUL. Notwithstanding any other provision of this Agreement, and without limiting any such provision, to the extent that the Independent Director is, by reason of the Independent Director's Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding, the Independent Director shall be indemnified in connection therewith. If the Independent Director is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify the Independent Director against those Expenses reasonably incurred by the Independent Director or on the Independent Director's behalf in connection with each successfully resolved claim, issue or matter. For purposes of this section, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. ADVANCES AND INTERIM EXPENSES. The Company may pay to the Independent Director all Indemnifiable Expenses incurred by the Independent Director in connection with any Proceeding, including a Proceeding by or in the right of the Company, in advance of the final disposition of such Proceeding, if the Independent Director furnishes the Company with a written undertaking, to the satisfaction of the Company, to repay the amount of such Indemnifiable Expenses advanced to the Independent Director in the event it is finally determined by a court or arbitral body of competent jurisdiction that the Independent Director is not entitled under this Agreement to indemnification with respect to such Indemnifiable Expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. PROCEDURE FOR PAYMENT OF INDEMNIFIABLE AMOUNTS. The Independent Director shall submit to the Company a written request specifying the Indemnifiable Amounts, for which the Independent Director seeks payment under Section 7 hereof and the Proceeding of which has been previously notified to the Company and approved by the Company for indemnification hereunder. At the request of the Company, the Independent Director shall furnish such documentation and information as are reasonably available to the Independent Director and necessary to establish that the Independent Director is entitled to indemnification hereunder. The Company shall pay such Indeminfiable Amounts within thirty (30) days of receipt of all required documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. REMEDIES OF INDEPENDENT DIRECTOR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) RIGHT TO PETITION COURT. In the event that the Independent Director makes a request for payment of Indemnifiable Amounts under Sections 7, 9-11 above, and the Company fails to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, the Independent Director may petition the appropriate judicial authority to enforce the Company's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) BURDEN OF PROOF. In any judicial proceeding brought under Section 12 (a) above, the Company shall have the burden of proving that the Independent Director is not entitled to payment of Indemnifiable Amounts hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) EXPENSES. The Company agrees to reimburse the Independent Director in full for any Expenses incurred by the Independent Director in connection with investigating, preparing for, litigating, defending or settling any action brought by the Independent Director under Section 12 (a) above, or in connection with any claim or counterclaim brought by the Company in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) VALIDITY OF AGREEMENT. The Company shall be precluded from asserting in any Proceeding, including, without limitation, an action under Section 12 (a) above, that the provisions of this Agreement are not valid, binding and enforceable or that there is insufficient consideration for this Agreement and shall stipulate in court that the Company is bound by all the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) FAILURE TO ACT NOT A DEFENSE. The failure of the Company (including its Board of Directors or any committee thereof, independent legal counsel, or stockholders) to make a determination concerning the permissibility of the payment of Indemnifiable Amounts or the advancement of Indemnifiable Expenses under this Agreement shall not be a defense in any action brought under Section 12 (a) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. PROCEEDINGS AGAINST COMPANY. Except as otherwise provided in this Agreement, the Independent Director shall not be entitled to payment of Indemnifiable Amounts or advancement of Indemnifiable Expenses with respect to any Proceeding brought by the Independent Director against the Company, any Entity which it controls, any director or officer thereof, or any third party, unless the Company has consented to the initiation of such Proceeding. This section shall not apply to counterclaims or affirmative defenses asserted by the Independent Director in an action brought against the Independent Director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. INSURANCE. The Company will obtain and maintain a policy or policies of director and officer liability insurance, of which the Independent Director will be named as an insured, providing the Independent Director with coverage for Indemnifiable Amounts and/or Indemnifiable Expenses in accordance with said insurance policy or policies ("D&O INSURANCE"); provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Independent Director agrees that, while the Company has valid and effective D&O Insurance, and except as provided in (c) of this section, Sections 7-13 of this Agreement shall not apply, and the Company's indemnification obligation to the Independent Director under this Agreement shall be deemed fulfilled by virtue of purchasing and maintaining such insurance policy or policies, in accordance with the terms and conditions thereof and subject to exclusions stated thereon. The Independent Director agrees that the Company shall have no obligation to challenge the decisions made by the insurance carrier(s) ("INSURANCE CARRIER") relating to any claims made under such insurance policy or policies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Independent Director agrees that the Company's indemnification obligation to the Independent Director under (a) of this section shall be deemed discharged and terminated, in the event the Insurance Carrier refused payment for any Proceedings against the Independent Director due to the acts or omissions of the Independent Director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) While the D&O Insurance is valid and effective, the Company agrees that it shall indemnify the Independent Director for the Indemnifiable Amounts and Indemnifiable Expenses, to the extent that any Proceedings are coverable by D&O Insurance, but in excess of the policy amount, in accordance with Sections 7-13 of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) While the D&O Insurance is valid and effective, the Company agrees that it shall indemnify the Independent Director to the extent that the Independent Director has liability that would be part of the D&O Insurance deductible, if there is any; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) While the D&O Insurance is valid and effective, this Section 14 states the entire and exclusive remedy of the Independent Director with respect to the indemnification obligation of the Company to the Independent Director under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. SUBROGATION. In the event of any payment of Indemnifiable Amounts under this Agreement and/or the D&O Insurance, the Company or its Insurance Carrier, as the case may be, shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of the Independent Director against other persons, and the Independent Director shall take, at the request of the Company, all reasonable action necessary to secure such rights, including the execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. AUTHORITY. Each party has all necessary power and authority to enter into, and be bound by the terms of, this Agreement, and the execution, delivery and performance of the undertakings contemplated by this Agreement have been duly authorized by each party hereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. SUCCESSORS AND ASSIGNMENT. This Agreement shall (a) be binding upon and inure to the benefit of all successors and assigns of the Company (including any transferee of all or a substantial portion of the business, stock and/or assets of the Company and any direct or indirect successor by merger or consolidation or otherwise by operation of law), and (b) be binding on and shall inure to the benefit of the heirs, personal representatives, executors and administrators of the Independent Director. The Independent Director has no power to assign this Agreement or any rights and obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. CHANGE IN LAW. To the extent that a change in applicable law (whether by statute or judicial decision) shall mandate broader or narrower indemnification than is provided hereunder, the Independent Director shall be subject to such broader or narrower indemnification and this Agreement shall be deemed to be amended to such extent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. SEVERABILITY. Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement, or any clause thereof, shall be determined by a court of competent jurisdiction to be illegal, invalid or unenforceable, in whole or in part, such provision or clause shall be limited or modified in its application to the minimum extent necessary to make such provision or clause valid, legal and enforceable, and the remaining provisions and clauses of this Agreement shall remain fully enforceable and binding on the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. MODIFICATIONS AND WAIVER. Except as provided in Section 18 hereof with respect to changes in applicable law which broaden or narrow the right of the Independent Director to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be binding unless executed in writing by each of the parties hereto. No delay in exercise or non-exercise by the Company of any right under this Agreement shall operate as a current or future waiver by it as to its same or different rights under this Agreement or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. NOTICES. All notices, requests, demands and other communications hereunder shall be in writing in English and shall be deemed to have been duly given (a) when delivered by hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by express mail with delivery confirmation with postage prepaid, on the 5th business day after the date on which it is so mailed:

If to Independent Director, to: [ ]

If to the Company, to: 62 Ubi Road 1, #06-03,Oxley Bizhub 2,Singapore 408734

Or to such other address as may have been furnished in the same manner by any party to the others.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. GOVERNING LAW. This Agreement shall be governed by and construed and enforced under the state laws of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. AGREEMENT GOVERNS. This Agreement is to be deemed consistent wherever possible with relevant provisions of the Articles of Association of the Company; however, in the event of a conflict between this Agreement and such provisions, the provisions of this Agreement shall control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. INDEPENDENT CONTRACTOR. The parties understand, acknowledge and agree that the Independent Director's relationship with the Company is that of an independent contractor and nothing in this Agreement is intended to or should be construed to create a relationship other than that of independent contractor. Nothing in this Agreement shall be construed as a contract of employment/engagement between the Independent Director and the Company or as a commitment on the part of the Company to retain the Independent Director in any capacity, for any period of time or under any specific terms or conditions, or to continue the Independent Director's service to the Company beyond any period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the Company and the Independent Director with respect to the subject matter hereof, and supersedes all prior understandings and agreements with respect to such subject matter.

IN WITNESS WHEREOF, the parties hereto have executed this Independent Director Indemnification Agreement as of the day and year first above written.

---

| | | | |
|:---|:---|:---|:---|
| AGREED | AGREED | AGREED | AGREED |
| Company: | Company: | Independent Director | Independent Director |
| Star Integratia Limited | Star Integratia Limited | | |
| Name: | LIM Kiam Kiam | Name: | [ ] |
| Title: | Chairlady of the Board and Director |  |  |

---

SCHEDULE A

I POSITION:

INDEPENDENT DIRECTOR.

II. COMPENSATION:

FEES. For all services rendered by the Independent Director pursuant to this Agreement, both during and outside of normal working hours, including but not limited to, attending all required meetings of the Board or applicable committees thereof, executive sessions of the independent directors, reviewing filing reports and other corporate documents as requested by the Company, providing comments and opinions as to business matters as requested by the Company, the Company agrees to pay to the Independent Director fees in accordance with the schedule set forth below:

US$[ ] per annum payable by 12 monthly installments of approximately US$[ ] (or a pro rata amount for an incomplete month) and will be paid in United States dollars.

EXPENSES. During the term of the Independent Director's service as a director of the Company, the Company shall promptly reimburse the Independent Director for all expenses approved by the Company in advance and incurred by his/her in connection with attending (a) all meetings of the Board or applicable committees thereof, (b) executive sessions of the independent directors, and (c) stockholder meetings, as a director or a member of any committee of the Board, which are approved by the Company in advance. In addition, the Independent Director shall rely on the Company to arrange for all hotel accommodations in connection with any such meetings the Independent Director must attend. The amount of such expenses eligible for reimbursement by the Company during a calendar year shall not affect such expenses eligible for reimbursement by the Company in any other calendar year, and the reimbursement of any such eligible expenses shall be made promptly, usually within 10 business days, after the expense report and original receipts are submitted.

NO OTHER BENEFITS OR COMPENSATION. The Independent Director acknowledges and agrees that he/she is not granted and is not entitled to any other benefits or compensation from the Company for the services provided under this Agreement except expressly provided for in this Schedule A or as determined from time to time by the Company in its sole discretion.

---

| | | | |
|:---|:---|:---|:---|
| AGREED | AGREED | AGREED | AGREED |
| Company: | Company: | Independent Director | Independent Director |
| Star Integratia Limited | Star Integratia Limited |  |  |
| Name: | LIM Kiam Kiam | Name: | [ ] |
| Title: | Chairlady of the Board and Director |  |  |

---

## Exhibit 10.5

**Exhibit 10.5**

**TENANCY AGREEMENT (COMMERCIAL / INDUSTRIAL)**

THIS AGREEMENT is made on the 26 March 2025

**BETWEEN**

Name : Holee Pte Ltd

UEN No : 201222904N

(hereinafter called "the Landlord" which expression shall where the context so admits include the person entitled for the time being to the reversion immediately expectant on the term hereby created) of the one part.

**AND**

Name : All Best App Pte Ltd

UEN No : 202338637G

(hereinafter called "the Tenant" which expression shall where the context so admits include the Tenant's successors and assigns) of the other part.

**WHEREBY IT IS AGREED** as follows:

The Landlord agrees to let and the Tenant agrees to take all that property known as **62 Ubi Road 1 #06-03 Oxley BizHub 2 S(408734)** Singapore 408734 (hereinafter called "the said premises") together with the fixtures and fittings therein belonging to the Landlord as specified in the Schedule annexed hereto (hereinafter called "the furniture") TO HOLD unto the Tenant from the Twenty Four (24) months commencing from 18th April 2025, at the rent of **SINGAPORE DOLLARS THREE THOUSAND ONE HUNDRED ($3,100)** per month subject to GST which is payable monthly in advance without deduction whatsoever on the 18th of each calendar month standing instruction into the landlord bank account:

**Company Name : Holee Pte Ltd**

**UOB ACCOUNT : [\*\*\*]**

The Rent-Free Fitting out period is from **4 April 2025 to 17 April 2025.**

1. **The Tenant hereby agrees with the Landlord** as follows:

(a) To
 pay the said rent at the times and in manner aforesaid. **RENTAL PAYMENT** 

(b) To
 pay a deposit of **SINGAPORE DOLLARS SIX THOUSAND TWO HUNDRED (S$6,200)** being equivalent
 to 2 months rent upon the signing of this Agreement (*the receipt whereof the Landlord hereby acknowledges*) as security deposit against the breach of any term or condition
 of this Agreement, such deposit is to be refunded within **Fourteen (14) days** (free
 of interest) at any expiry or lawful termination of this tenancy provided the Tenant shall
 have duly performed and observed the stipulated terms and conditions therein, otherwise the
 same or part owing by the Tenant without prejudice to the right of the Landlord to recover
 all monies which may become due or payable by the Tenant under this Agreement. **SECURITY DEPOSIT** 

(c) To
 pay all charges due in respect of any telephones or other equipment installed at the said
 premises, including any tax payable thereon. **PAYMENT OF OUTGOINGS** 

(d) To
 pay all charges for the supply of water, electricity, gas and any water borne sewerage system,
 any such installations fitted or used at the said premises, including any tax payable thereon.

(e) To
 keep the interior of the said premises including the sanitary and water apparatus, furniture,
 doors and windows thereof in good and tenantable repair and condition throughout this tenancy
 (fair wear and tear and damage by any act beyond the control of the Tenant excepted). **INTERIOR MAINTENANCE** 

(f) (i) To
 permit the Landlord and its agents, surveyors and workmen with all necessary appliances to
 enter upon the said premises at all reasonable times by prior appointment for the purpose
 whether of viewing the condition thereof or of doing such works and things as may be required
 for any repairs, alterations or improvements whether of the said premises or of any parts
 of any building to which the said premises may form a part of or adjoin. **ACCESS TO PREMISES FOR REPAIRS** 

<u>Initials</u> <br> <u>Landlord</u> <u>Tenant</u> <br> Holee Pte Ltd KK

(ii) During
 the Three (3) months immediately preceding the expiration of the tenancy herein to permit
 the Landlord or its representatives at all reasonable times and by prior appointment to bring
 interested parties to view and the said premises for the purpose of letting the same. **ACCESS TO PREMISES FOR NEW TENANTS** 

(iii) During
 the currency of this tenancy, to allow the Landlord or its representatives at all reasonable
 times and by prior appointment to bring any interested parties to view the said premises
 in the event of a prospective sale thereof. The said premises shall be sold subject to this
 tenancy. **FOR POTENTIAL SALE** 

(g) To
 replace electric bulbs, tubes and other expendable items at own expense. **REPLACEMENT** 

(h) At
 all times during the term hereby created to comply with all such requirements as may be imposed
 upon the Tenant by Management Corporation requirements and or any statute legislation now
 or hereafter in force and any orders, rules, regulations, requirements and notices thereunder. **COMPLIANCE WITH RULES** 

(i) To
 yield up the said premises at the expiration or sooner determination of this tenancy in such
 good and tenantable repair and condition (fair wear and tear excepted) as shall be in accordance
 with the conditions, covenants and stipulations herein contained and with all locks keys
 and the furniture. **YEILDING UP OF PREMISES** 

(j) To
 keep the air-conditioning units installed at and for the said premises in good and tenantable
 repair and condition which air-conditioning units are to be serviced and maintained at least
 once every three (3) months at the expense of the Tenant by a reliable air-conditioning contractor. **AIRCON SERVICING & REPAIR** 

(k) Not
 to make or permit to be made any structural alterations to the said premises. **NO UNAUTHORISED ALTERATION** 

(l) The
 tenant shall return the said premises to the landlord in the same condition as taken over
 (fair wear and tear excepted). This includes covering up of drilled holes and any additions
 made to the original unit. **REINSTATEMENT TO ORIGINAL CONDITION** 

(m) Not
 to use the said premises or any part thereof other than a **B1 Factory** in connection
 with and for the purpose of the Tenant's business and to obtain licenses and permits
 at the Tenant's expense from the relevant authorities where necessary **PURPOSE OF USE** 

(n) Not
 to exceed the maximum electricity load and not to load or permit to be loaded on any part
 of the floors of the said premises weights exceeding those specified by the Landlord, Management
 Corporation or other bodies (where applicable). **ELECTRICAL LOADING UNIT** 

(o) Not
 to assign sublet or part with the possession of the said premises or any part thereof without
 the written consent of the Landlord whose consent shall not be unreasonably withheld in the
 case of a respectable and responsible tenant. This prohibition shall not apply to the occupation
 of the said premises or any part thereof by any person or persons employed or engaged by
 the Tenant or members of the Tenant's family where applicable. **NO ASSIGNMENT OR SUBLET** 

(p) Not
 to keep or permit to be kept on the said premises or any part thereof any materials of a
 dangerous or explosive nature or the keeping of which may contravene any statute or subsidiary
 legislation. **NO DANGEROUS MATERIALS** 

(q) Not
 to do or permit to be done anything whereby the policy or policies of insurance on the said
 premises against damage by fire may become void or voidable or whereby the premium thereon
 may be increased. **NOT TO VOID INSURANCE** 

(r) Not
 to use the demised premises or any part thereof for any unlawful or immoral purposes and
 not to do or permit or suffer to be done upon the demised premises any act or thing which
 may become a nuisance to or annoyance to or give cause for reasonable complaints from the
 occupants of other parts of the Building or of adjoining or adjacent properties. **NO ILLEGAL / IMMORAL USE AND NOT TO CAUSE NUISANCE** 

(s) To
 be responsible for and to indemnify the Landlord from and against all claims and demands
 and against damage occasioned to the demised premises or any adjacent or neighbouring premises
 or injury caused to any person by any act default or negligence of the Tenant or the servants,
 agents, licensees or invitees of the Tenant. **TO INDEMNIFY LANDLORD** 

(t) Not
 to obstruct or cause or suffer to be obstructed the hall lobby staircases landings and passages
 leading to the demised premises. **NO OBSTRUCTION** 

(u) To
 apply for and obtain all necessary permits/licence etc from the relevant authorities for
 the use of the said premises for their trade. **APPLICATION OF LICENSE/PERMIT** 

<u>Initials</u> <br> <u>Landlord</u> <u>Tenant</u> <br> Holee Pte Ltd KK

2. **The Landlord hereby agrees with the Tenant** as follows:

(a) To
 pay all rates, taxes, maintenance charges and any surcharges thereon, assessments and outgoing
 (except as otherwise provided in this Agreement) which are or may hereafter be charged or
 imposed on the said premises including any surcharges payable thereon. **PAYMENT OF TAXES** 

(b) To
 insure the said premises (excluding the fixture and fittings of the tenant) and against loss
 or damage by fire and to pay all premium thereon. It does not include coverage on the tenant's
 contents. **INSURANCE** 

(c) To
 be responsible for the repair and replacement of parts in respect of the air-conditioning
 units installed at the said premises save where the same are caused by any act, default,
 neglect or omission on the part of the Tenant or any of its servants, agents, occupiers,
 contractors, guest or visitors. **REPAIR OF REPLACEMENT** 

(d) To
 maintain the structural condition of the said premises including sanitary pipes and electrical
 wiring and to keep the roof of the said premises in good and tenantable repair and condition. **STRUCTURAL MAINTENANCE** 

(e) That
 the Tenant paying the rent hereby reserved, observing and performing the several conditions,
 covenants and stipulations on the Tenant's part herein contained shall peaceably hold
 and enjoy the said premises during this tenancy without any interruption by the Landlord
 or any person rightfully claiming under or in trust for the Landlord. **QUIET POSSESSION / ENJOYMENT** 

3. **Provided always and it is expressly agreed** as follows:

(a) If
 the rent hereby reserved shall not be paid for **seven (7) days** after its due or if
 there shall be a breach of any of the conditions, covenants or stipulations on the part of
 the Tenant herein contained, the Landlord shall be entitled to re-enter upon the said premises
 and thereupon this tenancy shall immediately absolutely determine but without prejudice to
 any right of action of the Landlord for damage or otherwise in respect of any such breach
 or any antecedent breach. **DEFAULT OF TENANT** 

(b) In
 the event the rent remaining unpaid seven (7) days after becoming payable (whether formally
 demanded or not), it shall be lawful for the Landlord to claim interest at **ten percent (10%)** calculated on annual basis on the amount unpaid calculated from after the date
 due to the date of actual payment. **RENT IN ARREARS** 

(c) The
 Landlord shall not be liable to the Tenant or the Tenant's servants or agents or other
 persons in the said premises or persons calling upon the Tenant for any accidents happening,
 injury suffered, damage to or loss of any chattel property sustained on the said premises. **LIMITED LIABILITY OF LANDLORD** 

(d) In
 case the said premises or any part thereof shall at any time during this tenancy be destroyed
 or damaged by fire lightning riot explosion or any other cause beyond the control of the
 parties hereto so as to be unfit for occupation and use, then and in every such case (unless
 the insurance money shall be wholly or partially irrecoverable by reason solely or in part
 of any act, default, neglect or omission of the Tenant or any of their servants agents occupiers
 guests or visitors), the rent hereby reserved or a just and fair proportion thereof according
 to the nature and extent of the destruction or damage sustained shall be suspended and cease
 to be payable in respect of any period while the said premises shall continue to be unfit
 for occupation and use by reason of such destruction or damage. **UNTENANTABILITY LEADING TO SUSPENSION OF RENT** 

(e) In
 case the said premises shall be destroyed or damaged as aforesaid, either party shall be
 at liberty by notice in writing to the other determine this tenancy, and upon such notice
 being given, this tenancy or the balance thereof shall absolutely cease and determine and
 the deposit paid hereunder together with a reasonable proportion of such advance rent as
 has been paid hereunder, where applicable, shall be refunded to the Tenant forthwith but
 without prejudice to any right of action of either party in respect of any antecedent breach
 of this Agreement by the other. **UNTENANTABILITY LEADING TO TERMINATION OF LEASE** 

<u>Initials</u> <br> <u>Landlord</u> <u>Tenant</u> <br> Holee Pte Ltd KK

(f) In
 the event of early termination by the Tenant, the Tenant must compensate to the Landlord
 the rental amount of balance months of lease term. Alternatively, the Tenant can find a replacement
 at the same or higher rent (new Tenant subject to approval by Landlord). In both cases, the
 security deposit will be refunded within fourteen (14) days after the Tenant duly delivered
 to the Landlord vacant possession of the said premises; provided the outstanding rental and/or
 services payments are paid. **PREMATURE TERMINATION BY TENANT** 

(g) If
 the Tenant is in breach of any clause of this agreement, leading to an early termination
 of the tenancy, then the Tenant shall in any event reimburse the Landlord the commission
 subject to GST on a pro rata basis the commission the Landlord has paid to **ERA REALTY NETWORK PTE LTD** (hereinafter called 'the Agency') for the remaining unfulfilled
 term, without prejudice to any other rights of the Landlord to claim against the Tenant for
 any other breaches of this agreement. **REIMBURSE COMMISSION FOR PREMATURE TERMINATION** 

(h) It
 is expressly understood by the Landlord that the commission paid to the as the brokerage
 fee in this transaction has been fully earned for services rendered and there the Landlord
 shall have no claim against the Agency for a refund of the commission should the Tenant prematurely
 terminate the tenancy herein or for any other reasons. **COMMISSION FULLY EARNED** 

(i) The
 Landlord shall on the written request of the Tenant made not less than **THREE (3) months** before the date of expiry of this tenancy, and if there shall not at the time of such request
 be any existing breach or any non-observance of any of the conditions, covenants or stipulations
 on the part of the Tenant herein contained, at the expense of the Tenant, grant to the Tenant
 a tenancy of the said premises for a further term of Two (2) years from the date of expiry
 of this tenancy at a rent to be agreed based on the prevailing market rent but otherwise
 containing the like conditions, covenants and stipulations as are herein contained with the
 exception of this option for renewal. **RENEWAL CLAUSE** 

(j) Any
 notice served under or in any way in connection with this Agreement shall be sufficiently
 served on the Tenant if left at the said premises or delivered to the Tenant personally or
 sent to the Tenant at the said premises by registered post and shall be sufficiently served
 on the Landlord if delivered to the Landlord personally or sent to the abovementioned address
 by registered post. Any notice sent by registered post shall deemed to be given at the time
 when in due course of post it would be delivered at the address to which it is sent. **NOTICE** 

(k) The
 waiver by either party of a breach of default of any of the provisions in this Agreement
 shall not be construed as a waiver of any succeeding breach of the same or other provisions
 nor any delay or omission on the part of either party to exercise or avail itself of any
 right that it has or may have herein, operates as a waiver of any breach or default of the
 other party. **WAIVER OF DEFAULTS** 

(l) The
 stamp duty for stamping this Agreement shall be borne by the Tenant and shall be paid on
 the date of signing of this Agreement. **STAMP DUTY & LEGAL COST** 

(m) This
 Agreement shall be subject to the laws of the Republic of Singapore. **GOVERNING LAW** 

<u>Initials</u> <br> <u>Landlord</u> <u>Tenant</u> <br> Holee Pte Ltd KK

**IN WITNESS WHEREOF** the parties have hereunto set their hands the day and year first above written.

**SIGNED by the Landlord**

(With Company stamp affixed where applicable)

---

| | |
|:---|:---|
| Name | : Holee Pte Ltd) |
| UEN No. | : 201222904N) |
|  | */s/ Holee Pte Ltd* |
| &nbsp;&nbsp;&nbsp;&nbsp;In the presence of : | &nbsp;&nbsp;&nbsp;&nbsp;In the presence of :) |
| Name | : Tay Soon Kiat) |
| NRIC No. | : [\*\*\*]) |
|  | */s/ Tay Soon Kiat* |
| **SIGNED by the Tenant** | **SIGNED by the Tenant**) |
| (With Company stamp affixed where applicable) | (With Company stamp affixed where applicable) |
| Name | : All Best App Pte Ltd) |
| UEN No. | : 202338637G) |
|  | */s/ All Best App Pte Ltd* |
| In the presence of : | In the presence of :) |
| Name | : Victor Koh) |
| NRIC No. | : [\*\*\*]) |
|  | */s/ Victor Koh* |

---

<u>Initials</u> <br> <u>Landlord</u> <u>Tenant</u> <br> Holee Pte Ltd KK

## Exhibit 14.1

**Exhibit 14.1**

**Star Integratia Limited**

**(the "Company")**

**Code of Business Conduct and Ethics**

Adopted _________

<u>Introduction</u>

This Code of Business Conduct and Ethics (the "**Code**") has been adopted by our Board of Directors (the "**Board**") and summarizes the standards that must guide our actions. Although they cover a wide range of business practices and procedures, these standards cannot and do not cover every issue that may arise, or every situation in which ethical decisions must be made, but rather set forth key guiding principles that represent Company policies and establish conditions for employment at the Company.

We must strive to foster a culture of honesty and accountability. Our commitment to the highest level of ethical conduct should be reflected in all of the Company's business activities, including, but not limited to, relationships with employees, customers, suppliers, competitors, the government, the public and our shareholders. All of our employees, officers and directors must conduct themselves according to the language and spirit of this Code and seek to avoid even the appearance of improper behavior. Even well intentioned actions that violate the law or this Code may result in negative consequences for the Company and for the individuals involved.

One of our Company's most valuable assets is our reputation for integrity, professionalism and fairness. We should all recognize that our actions are the foundation of our reputation and adhering to this Code and applicable law is imperative.

<u>Conflicts of Interest</u>

Our employees, officers and directors have an obligation to conduct themselves in an honest and ethical manner and to act in the best interest of the Company. All employees, officers and directors should endeavor to avoid situations that present a potential or actual conflict between their interest and the interest of the Company.

A "conflict of interest" occurs when a person's private interest interferes in any way, or even appears to interfere, with the interests of the Company as a whole, including those of its subsidiaries and affiliates. A conflict of interest may arise when an employee, officer or director takes an action or has an interest that may make it difficult for him or her to perform his or her work objectively and effectively. A conflict of interest may also arise when an employee, officer or director (or a member of his or her family) receives improper personal benefits as a result of the employee's, officer's or director's position in the Company.

Although it would not be possible to describe every situation in which a conflict of interest may arise, the following are examples of situations that may constitute a conflict of interest:

● Working,
 in any capacity, for a competitor, customer or supplier while employed by the Company.

● Accepting
 gifts of more than modest value or receiving personal discounts (if such discounts are not generally offered to the public) or other
 benefits as a result of your position in the Company from a competitor, customer or supplier.

● Competing
 with the Company for the purchase or sale of property, products, services or other interests.

● Having
 an interest in a transaction involving the Company, a competitor, customer or supplier (other than as an employee, officer or director
 of the Company and not including routine investments in publicly traded companies).

● Receiving
 a loan or guarantee of an obligation as a result of your position with the Company.

● Directing
 business to a supplier owned or managed by, or which employs, a relative or friend.

Situations involving a conflict of interest may not always be obvious or easy to resolve. You should report actions that may involve a conflict of interest to the Audit Committee of the Board of Directors.

In order to avoid conflicts of interests, senior executive officers and directors must disclose to the Audit Committee of the Board any material transaction or relationship that reasonably could be expected to give rise to such a conflict. Conflicts of interests involving the Audit Committee of the Board shall be disclosed to the Board.

In the event that an actual or apparent conflict of interest arises between the personal and professional relationship or activities of an employee, officer or director, the employee, officer or director involved is required to handle such conflict of interest in an ethical manner in accordance with the provisions of this Code.

<u>Quality of Public Disclosures</u>

The Company has a responsibility to provide full and accurate information in our public disclosures, in all material respects, about the Company's financial condition and results of operations. Our reports and documents filed with or submitted to the United States Securities and Exchange Commission and our other public communications shall include full, fair, accurate, timely and understandable disclosure.

<u>Compliance with Laws, Rules and Regulations</u>

We are strongly committed to conducting our business affairs with honesty and integrity and in full compliance with all applicable laws, rules and regulations. No employee, officer or director of the Company shall commit an illegal or unethical act, or instruct others to do so, for any reason.

<u>Compliance with this Code and Reporting of Any Illegal or Unethical Behavior</u>

All employees, directors and officers are expected to comply with all of the provisions of this Code. The Code will be strictly enforced and violations will be dealt with immediately, including by subjecting persons who violate its provisions to corrective and/or disciplinary action such as dismissal or removal from office. Violations of the Code that involve illegal behavior will be reported to the appropriate authorities.

Situations which may involve a violation of ethics, laws, rules, regulations or this Code may not always be clear and may require the exercise of judgment or the making of difficult decisions. Employees, officers and directors should promptly report any concerns about a violation of ethics, laws, rules, regulations or this Code to their supervisor or the Legal Department or, in the case of accounting, internal accounting controls or auditing matters, the Audit Committee of the Board. Interested parties may also communicate directly with the Company's non-management directors through contact information located in the Company's annual report on Form 20-F.

Any concerns about a violation of ethics, laws, rules, regulations or this Code by any senior executive officer or director should be reported promptly to the Audit Committee of the Board. Reporting of such violations may also be done anonymously through email to the Company at a designated email address for compliance reporting. An anonymous report should provide enough information about the incident or situation to allow the Company to investigate properly. If concerns or complaints require confidentiality, including keeping an identity anonymous, the Company will endeavor to protect this confidentiality, subject to applicable law, regulation or legal proceedings.

The Company encourages all employees, officers and directors to report any suspected violations promptly and intends to thoroughly investigate any good faith reports of violations. The Company will not tolerate any kind of retaliation for reports or complaints regarding misconduct that were made in good faith. Open communication of issues and concerns by all employees, officers and directors without fear of retribution or retaliation is vital to the successful implementation of this Code. All employees, officers and directors are required to cooperate in any internal investigations of misconduct and unethical behavior.

The Company recognizes the need for this Code to be applied equally to everyone it covers. The Legal Department of the Company will have primary authority and responsibility for the enforcement of this Code, subject to the supervision of the Audit Committee of the Board, and the Company will devote the necessary resources to enable the Legal Department to establish such procedures as may be reasonably necessary to create a culture of accountability and facilitate compliance with this Code. Questions concerning this Code should be directed to the Legal Department.

The provisions of this section are qualified in their entirety by reference to the following section.

<u>Reporting Violations to a Governmental Agency</u>

Employees have the right under applicable law to certain protections for cooperating with or reporting legal violations to governmental agencies or entities and self-regulatory organizations. As such, nothing in this Code is intended to prohibit any employee from disclosing or reporting violations to, or from cooperating with, a governmental agency or entity or self-regulatory organization, and employees may do so without notifying the Company. The Company may not retaliate against all employee for any of these activities, and nothing in this Code or otherwise requires any employee to waive any monetary award or other payment that he or she might become entitled to from a governmental agency or entity, or self-regulatory organization.

All employees of the Company have the right to:

● Report
 possible violations of applicable law or regulation that have occurred, are occurring, or are about to occur to any governmental
 agency or entity, or self-regulatory organization;

● Cooperate
 voluntarily with, or respond to any inquiry from, or provide testimony before any self-regulatory organization or any other national
 or local regulatory or law enforcement authority;

● Make
 reports or disclosures to law enforcement or a regulatory authority without prior notice to, or authorization from, the Company;
 and

● Respond
 truthfully to a valid subpoena.

All employees have the right to not be retaliated against for reporting, either internally to the Company or to any governmental agency or entity or self-regulatory organization, information which the employee reasonably believe relates to a possible violation of law. It is a violation of law to retaliate against anyone who has reported such potential misconduct either internally or to any governmental agency or entity or self-regulatory organization. Retaliatory conduct includes discharge, demotion, suspension, threats, harassment, and any other manner of discrimination in the terms and conditions of employment because of any lawful act the employee may have performed. It is unlawful for the company to retaliate against an employee for reporting possible misconduct either internally or to any governmental agency or entity or self-regulatory organization.

Notwithstanding anything contained in this Code or otherwise, employees may disclose confidential Company information, including the existence and terms of any confidential agreements between the employee and the Company (including employment or severance agreements), to any governmental agency or entity or self-regulatory organization when requested by such agency or organization.

The Company cannot require an employee to withdraw reports or filings alleging possible violations of national or local law or regulation, and the Company may not offer employees any kind of inducement, including payment, to do so.

An employee's rights and remedies as a whistleblower protected under applicable whistleblower laws, including a monetary award, if any, may not be waived by any agreement, policy form, or condition of employment, including by a predispute arbitration agreement.

Even if an employee has participated in a possible violation of law, the employee may be eligible to participate in the confidentiality and retaliation protections afforded under applicable whistleblower laws, and the employee may also be eligible to receive an award under such laws.

<u>Waivers and Amendments</u>

Any waiver (including any implicit waiver) of the provisions in this Code for executive officers or directors may only be granted by the Board or a committee thereof and will be promptly disclosed to the Company's shareholders. Amendments to this Code must be approved by the Board and will also be disclosed in the Company's annual report on Form 20-F.

<u>Trading on Inside Information</u>

Using non-public Company information to trade in securities, or providing a family member, friend or any other person with non-public Company information, is illegal. All non-public, Company information should be considered inside information and should never be used for personal gain. You are required to familiarize yourself and comply with the Company's Statement of Policy Concerning Trading in Company Securities, copies of which are distributed to all employees, officers and directors and are available from the Legal Department. You should contact the Legal Department with any questions about your ability to buy or sell securities.

<u>Protection of Confidential Proprietary Information</u>

Confidential proprietary information generated by and gathered in our business is a valuable Company asset. Protecting this information plays a vital role in our continued growth and ability to compete, and all proprietary information should be maintained in strict confidence, except when disclosure is authorized by the Company or required by law.

Proprietary information includes all non-public information that might be useful to competitors or that could be harmful to the Company, its customers or its suppliers if disclosed. Intellectual property such as trade secrets, patents, trademarks and copyrights, as well as business, research and new product plans, objectives and strategies, records, databases, salary and benefits data, employee medical information, customer, employee and suppliers lists and any unpublished financial or pricing information must also be protected.

Unauthorized use or distribution of proprietary information violates Company policy and could be illegal. Such use or distribution could result in negative consequences for both the Company and the individuals involved, including potential legal and disciplinary actions. We respect the property rights of other companies and their proprietary information and require our employees, officers and directors to observe such rights.

Your obligation to protect the Company's proprietary and confidential information continues even after you leave the Company, and you must return all proprietary information in your possession upon leaving the Company.

The provisions of this section are qualified in their entirety by the section entitled "Reporting Violations to Governmental Agencies" above.

<u>Protection and Proper Use of Company Assets</u>

Protecting Company assets against loss, theft or other misuse is the responsibility of every employee, officer and director. Loss, theft and misuse of Company assets directly impact our profitability. Any suspected loss, misuse or theft should be reported to a supervisor or the Legal Department.

The sole purpose of the Company's equipment, vehicles, supplies and electronic resources (including hardware, software and the data thereon) is the conduct of our business. They may only be used for Company business consistent with Company guidelines.

<u>Corporate Opportunities</u>

Employees, officers and directors are prohibited from taking for themselves business opportunities that are discovered through the use of corporate property, information or position. No employee, officer or director may use corporate property, information or position for personal gain, and no employee, officer or director may compete with the Company. Competing with the Company may involve engaging in the same line of business as the Company or any situation in which the employee, officer or director takes away from the Company opportunities for sales or purchases of property, products, services or interests. Employees, officers and directors owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises.

<u>Fair Dealing</u>

Each employee, officer and director of the Company should endeavor to deal fairly with customers, suppliers, competitors, the public and one another at all times and in accordance with ethical business practices.

Each employee has an obligation to comply with the anti-corruption and anti-bribery laws of the People's Republic of China and any other regions and countries in which the Company operates. No one should take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts or any other unfair dealing practice. No bribes, kickbacks or other similar payments in any form shall be made directly or indirectly to or for anyone for the purpose of obtaining or retaining business or obtaining any other favorable action. In the event of a violation of these provisions, the Company and any employee, officer or director involved may be subject to disciplinary action as well as potential civil or criminal liability for violation of this policy.

Occasional business gifts to, or entertainment of, non-government employees in connection with business discussions or the development of business relationships are generally deemed appropriate in the conduct of Company business. However, these gifts should be given infrequently and their value should be modest. Gifts or entertainment in any form that would likely result in a feeling or expectation of personal obligation should not be extended or accepted.

Practices that are acceptable in a commercial business environment may be against the law or the policies governing national or local government employees. Therefore, no gifts or business entertainment of any kind may be given to any government employee without the prior approval of a supervisor or the Legal Department.

Except in certain limited circumstances, the United States Foreign Corrupt Practices Act (the "**FCPA**") prohibits giving anything of value directly or indirectly to any "non-U.S. official" for the purpose of obtaining or retaining business. When in doubt as to whether a contemplated payment or gift may violate the FCPA, contact a supervisor or the Audit Committee of the Board before taking any action.

<u>Compliance with Antitrust Laws</u>

The antitrust laws prohibit agreements among competitors on such matters as prices, terms of sale to customers and the allocation of markets or customers. Antitrust laws can be complex, and violations may subject the Company and its employees to criminal sanctions, including fines, jail time and civil liability. If you have any questions about our antitrust compliance policies, consult the Legal Department.

<u>Political Contributions and Activities</u>

Any political contributions made by or on behalf of the Company and any solicitations for political contributions of any kind must be lawful and in compliance with Company policies. This policy applies solely to the use of Company assets and is not intended to discourage or prevent individual employees, officers or directors from making political contributions or engaging in political activities on their own behalf. No one may be reimbursed directly or indirectly by the Company for personal political contributions.

<u>Environment, Health and Safety</u>

We are committed to conducting our business in compliance with all applicable environmental and workplace health and safety laws and regulations. We strive to provide a safe and healthy work environment for our employees and to avoid adverse impact and injury to the environment and the communities in which we conduct our business. Achieving this goal is the responsibility of all officers, directors and employees.

<u>Dealings with the Community</u>

We are committed to being a responsible member of, and recognize the mutual benefits of engaging and building relationships with, the communities in which we operate. Wherever the Company operates, we strive to make a positive and meaningful contribution to the surrounding community and to ensure the distribution of a fair share of benefits to all stakeholders impacted by its activities, including the surrounding community. We strongly encourage our employees to play a positive role in the community.

<u>Doing Business with Others</u>

We strive to promote the application of the standards of this Code by those with whom we do business. Our policies, therefore, prohibit the engaging of a third party to perform any act prohibited by law or by this Code, and we shall avoid doing business with others who intentionally and continually violate the law or the standards of this Code.

<u>Accuracy of Company Financial Records</u>

We maintain the highest standards in all matters relating to accounting, financial controls, internal reporting and taxation. All financial books, records and accounts must accurately reflect transactions and events and conform both to required accounting principles and to the Company's system of internal controls. Records shall not be distorted in any way to hide, disguise or alter the Company's true financial position.

<u>Retention of Records</u>

All Company business records and communications shall be clear, truthful and accurate. Employees, officers and directors of the Company shall avoid exaggeration, guesswork, legal conclusions and derogatory remarks or characterizations of people and companies. This applies to communications of all kinds, including email and "informal" notes or memos. Records should always be handled according to the Company's record retention policies. If an employee, officer or director is unsure whether a document should be retained, consult a supervisor or the Legal Department before proceeding.

<u>Anti-Money Laundering</u>

We are committed to preserving our reputation in the financial community by assisting in efforts to combat money laundering and terrorist financing. Money laundering is the practice of disguising the ownership or source of illegally obtained funds through a series of transactions to "clean" the funds so they appear to be proceeds from legal activities.

We have adopted measures to reduce the extent to which the Company's facilities, products and services can be used for a purpose connected with market abuse or financial crimes. Additionally, where necessary, we screen customers, potential customers and suppliers to ensure that our products and services cannot be used to facilitate money laundering or terrorist activity. If you have any questions about our internal anti-money laundering process and procedure, consult the Legal Department.

<u>Social Media</u>

Unless you are authorized by the Company, you are discouraged from discussing the Company as part of your personal use of social media. While business should only be conducted through approved channels, we understand that social media is used as a source of information and as a form of communicating with friends, family and workplace contacts.

When you are using social media and identify yourself as a Company employee, officer or director or mention the Company incidentally, for instance on a Facebook page or professional networking site, please remember the following:

● Never disclose confidential information about the Company or its business, customers or suppliers.

● Make clear that any views expressed are your own and not those of the Company.

● Be respectful of your colleagues and all persons associated with the Company, including customers and suppliers.

● Promptly report to the Company's corporate communications department any social media content which inaccurately or inappropriately discusses the Company.

● Never respond to any information, including information that may be inaccurate about the Company.

● Never post documents, parts of documents, images or video or audio recordings that have been made with Company property or of Company products, services or people or at Company functions or events.

<u>Professional Networking</u>

Online networking on professional or industry sites has become an important and effective way for colleagues to stay in touch and exchange information. Employees, officers and directors should use good judgment when posting information about themselves or the Company on any of these services.

What you post about the Company or yourself will reflect on all of us. When using professional networking sites, you should observe the same standards of professionalism and integrity described in our code and follow the social media guidelines outlined above.

<u>Drug-Free, Violence-Free Workplace</u>

The use of alcohol and drugs can impair your ability to work effectively and productively. Except at approved Company functions, or with appropriate authorization, you may not drink alcohol on Company premises.

You are prohibited from working while your performance is impaired by alcohol or any other drug whether legal or illegal. Additionally, you may not possess any non-pharmaceutical drugs on Company premises or at work-related functions.

We strictly prohibit acts of hostility, intimidation or violence towards others in the workplace and in places where our business is being conducted. You may not bring firearms, explosives or any other weapons onto Company premises, or to any work-related setting, regardless of whether you are licensed to carry such weapons.

<u>Government Inquiries</u>

The Company cooperates with government agencies and authorities. Forward all requests for information, other than routine requests, to the Legal Department immediately to ensure that we respond appropriately.

All information provided must be truthful and accurate. Never mislead any investigator. Do not ever alter or destroy documents or records subject to an investigation.

<u>Review</u>

The Board shall review this Code annually and make changes as appropriate.

## Exhibit 21.1

**Exhibit 21.1**

**List of Subsidiaries of the Registrant**

---

| | |
|:---|:---|
| **Subsidiaries** | **Place of Incorporation** |
| Integratia Group Limited | British Virgin Islands |
| All Best App Pte. Ltd. | Singapore |

---

## Exhibit 23.1

**Exhibit 23.1**

![](ex23-1_001.jpg)

**<u>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</u>**

We consent to the inclusion in this Registration Statement of Star Integratia Limited and its subsidiaries (collectively the "Group") on Form F-1 of our report dated on December 22, 2025, relating to our audits of the accompanying consolidated balance sheets of the Group as of September 30, 2024 and 2025, and the related consolidated statements of operations and comprehensive (loss) income, changes in shareholders' equity and cash flows from September 26, 2023 (inception) through the period ended September 30, 2024 and the year ended September 30, 2025.

We also consent to the reference to our firm under the caption "Experts" in the Prospectus, which is part of this Registration Statement.

/s/ AOGB CPA Limited

Hong Kong, Hong Kong

June 8, 2026

## Exhibit 99.1

**Exhibit 99.1**

**CHARTER OF THE AUDIT COMMITTEE**

**OF**

**STAR INTEGRATIA LIMITED**

(this "***Charter***")

***Effective [\*], 2026***

 

<u>1. PURPOSE</u> 

The purpose of the Audit Committee (the "**Committee**") is to oversee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 accounting, auditing and financial reporting processes of the financial statements of Star
 Integratia Limited (the "**Company** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 audits and integrity of the Company's financial statements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 Company's compliance with legal and regulatory requirements in relation to accounting,
 auditing and financial reporting, including those of the United States Securities and Exchange
 Commission ()"**SEC**") and of the Nasdaq Stock Market LLC ()"**Nasdaq** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 qualifications and independence of the registered accounting firm engaged for the purpose
 of preparing or issuing an audit report and performing other audit review or attestation
 services covering the consolidated financial statements of the Company (the "**Independent Auditor**" or "**firm** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) to
 perform such further functions as may be consistent with this Charter, or as assigned by
 applicable law and regulations, the Company's prevailing Memorandum and Articles of
 Association (the "**M&A** "), or the Board.

<u>2. COMPOSITION OF THE COMMITTEE</u> 

The Committee must consist of at least three directors. Each member of the Committee must satisfy the independence requirements of Nasdaq, except as otherwise permitted by applicable Nasdaq rules, including any applicable exemptions and transition periods. If, in exceptional and limited circumstances, the Board determines that it is in the best interests of the Company and its shareholders for one director who does not meet the full independence requirements to serve on the Committee, such director may do so, provided that the Board determines that the director's appointment would not impair the purpose or integrity of the Committee. The nature of such relationship and the reasons for the determination shall be disclosed in the Company's next annual report or proxy statement.

Each member of the Committee must be able to read and understand fundamental financial statements in accordance with Nasdaq's audit committee requirements, including the Company's balance sheet, income statement and cash flow statement. At least one member of the Committee must have past employment experience in finance or accounting, requisite professional certification in accounting or other comparable experience or background that leads to financial sophistication. At least one member of the Committee must be an "audit committee financial expert" as defined in Item 407(d)(5)(ii) of Regulation S-K or the applicable provisions of Form 20-F.

Committee members must be appointed to the Committee by the Board. Except as otherwise directed by the Board, a director selected as a Committee member shall continue to be a member for as long as he or she remains a director of the Company or until his or her earlier resignation or removal from the Committee or the Board. Any member may be removed from the Committee by the Board, with or without cause, at any time. Unless a Chair is designated by the Board, the Committee may designate a Chair by majority vote of the full Committee membership.

For clarity, while the Company may qualify as a "controlled company" under Nasdaq rules and may elect to rely on certain exemptions from corporate governance requirements, such as those relating to compensation and nominating committees, the Company is not exempt from the audit committee requirements under Nasdaq Rule 5605(c). Accordingly, the Committee shall continue to meet all applicable independence, composition, and functional requirements under Nasdaq and SEC rules.<br>

<u>3. MEETINGS AND PROCEDURES</u> 

The Committee shall meet as often as it determines necessary to carry out its duties and responsibilities. This Committee will ordinarily meet in advance of the release of financial statements or earning results. Meetings may be conducted by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other.

A majority of the members of the Committee shall constitute a quorum for purposes of holding a meeting and the Committee may act by a vote of a majority of members present at such meeting. In lieu of a meeting, the Committee may act by unanimous written consent. The Committee will cause to be kept adequate minutes of all its proceedings. The Committee members will be furnished with copies of the minutes of each meeting and any action taken by unanimous consent.

The Committee has the authority to establish its own rules and procedures for notice and conduct of its meetings, provided that they are consistent with the legal and regulatory requirements of SEC and Nasdaq, and any provisions of this Charter, the Company's M&A or governing documents that are applicable to the Committee.

<u>4. AUTHORITY</u>

The Committee shall have the authority necessary to discharge its duties and responsibilities.

The Committee has authority to retain and to approve fees of legal advisers, consultants and other advisors to assist the Committee with the execution of its duties and responsibilities set forth under this Charter (the "**Committee's Advisors**"). The Committee shall receive appropriate funding from the Company for the payment of compensation to its Committee's Advisors. The Committee shall also have the sole discretion to terminate the Committee's Advisors so retained.

The Committee shall have the authority to conduct investigations that it deems necessary to fulfil its responsibilities. The Committee shall have the authority to request that any officer or employee of the Company, the Company's outside legal counsel, the Company's Independent Auditors or any other advisors retained by the Company to render advice to the Company, to attend a meeting of the Committee, or meet with any members of the Committee or the Committee's Advisors. The Committee shall have full access to the books, records and facilities of the Company in carrying out its responsibilities.

In carrying out its responsibilities, the Committee shall be entitled to rely upon advice and information that it receives in its discussions and communications with the Committee's Advisors. However, the Committee shall not be required to implement or act consistently with the advice or recommendations of Committee's Advisors, and the authority granted in this Charter shall not affect the ability or obligation of the Committee to exercise its own judgment in fulfilment of its duties under this Charter.

Any communications between the Committee and legal advisers in the course of obtaining legal advice will be considered privileged communications of the Company and the Committee will take all necessary steps to preserve the privileged nature of those communications.

<u>5. DUTIES AND RESPONSIBILITIES</u>

In carrying out its duties and responsibilities, the Committee's policies and procedures should remain flexible, so that it may be in a position to best address, react to or respond to changing circumstances or conditions. In addition to the duties and responsibilities expressly delegated to the Committee in this Charter, the Committee may exercise any other powers and carry out any other responsibilities consistent with this Charter, the purposes of the Committee, and the Company's governing documents.

The following duties and responsibilities are within the authority of the Committee and are consistent with and subject to all applicable law and regulations, and the Company's prevailing M&A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Appointment and Oversight of Independent Auditors

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee is responsible for the appointment, compensation, retention, and oversight of services
 provided by the Independent Auditor. As such, the Independent Auditor shall report directly
 to the Committee; and the Committee shall have the sole authority to (a) appoint and retain,
 (b) determine the funding for and (c) when appropriate, terminate the Independent Auditor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 Committee shall, no less than annually (including at the time it appoints the Independent
 Auditor), evaluate the Independent Auditor's qualifications, performance, fees and
 independence, including an evaluation of the lead (or coordinating) audit partner having
 primary responsibility for the Company's audit. In making its evaluation, the Committee
 shall:<br>
 (a) receive disclosures from the Independent Auditor regarding relationships and services
 that may affect independence and take appropriate action to ensure continued compliance;
 and (b) take into account the opinions of management and the Company's internal audit
 function.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 Committee shall oversee the rotation of the lead (or coordinating) audit partners, to the
 extent required by applicable rules or regulations, and consider whether rotation of the
 Independent Auditor is required to ensure independence.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Audits, Reports, Financial Statements, and Earning Releases** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall review, with the Independent Auditors, any problems or difficulties encountered
 in the course of their audit, including any change in the scope of the planned audit work
 and any restrictions placed on the scope of such work and management's response to
 such problems or difficulties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 Committee shall review reports required to be submitted by the Independent Auditors concerning:
 (a) all critical accounting policies and practices used; (b) all alternative treatments of
 financial information within generally accepted accounting principles ()"**GAAP** ")
 that have been discussed with management, the ramifications of such alternatives, and the
 accounting treatment preferred by the Independent Auditors; (c) any other matters required
 to be communicated by the Independent Auditor under GAAP, including, if applicable, the Independent
 Auditor's summary of any significant accounting, auditing or internal control issues,
 along with questions, comments and recommendations and management's corrective action
 plans; and (d) any other material written communications with management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 Committee shall meet to review and discuss, in consultation with management and the Independent
 Auditor, before release:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company's audited financial statements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Management's Discussion and Analysis (or the equivalent sections) proposed to be included
 in the Company's annual reports to be filed with the SEC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Independent Auditor's report proposed to be included in the Company's annual
 reports to be filed with the SEC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) financial
 information in the Company's earnings releases; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) if
 deemed appropriate by the Committee, any other publicly disclosed financial information of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) In
 performing its duties and responsibilities under subsection (iii) above, the Committee shall review, with the Independent Auditor
 and management,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 certifications required to be made by management in relation to the filings, including regarding
 any significant deficiencies or weaknesses in the design or operation of the Company's
 internal control over financial reporting and any fraud, whether or not material, involving
 management or other employees who have a role in the Company's system of internal control;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) major
 issues regarding the presentation of, and the clarity of the disclosure in, the Company's
 financial statements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) major
 issues as to the adequacy of the Company's internal controls and any special audit
 steps adopted in light of material control deficiencies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) major
 issues regarding the Company's accounting principles and financial statement presentations,
 including: <sup>(1)</sup> significant changes in the Company's selection or application
 of its accounting principles;<sup>(2)</sup> material questions of choice with respect to
 the appropriate accounting principles and practices used and to be used in the preparation
 of the Company's financial statements, including judgments about the quality, not just
 acceptability, of accounting principles and <sup>(3)</sup> the reasonableness of those significant
 judgments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) significant
 regulatory and accounting initiatives, including material changes in, or adoptions of, accounting
 principles and disclosure practices and standards;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the
 effect of regulatory and accounting initiatives, as well as any off-balance sheet structures
 on the Company's financial statements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any
 analyses prepared by management or the Independent Auditor setting forth significant financial
 reporting issues and judgments made in connection with the preparation of the Company's
 financial statements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) other
 communications regarding the results of the Independent Auditor's audit or review,
 including any other matters required to be communicated to the Committee by the Independent
 Auditor under GAAP or the applicable requirements of the Public Company Accounting Oversight
 Board (the "**PCAOB** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C.** **Compliance, Internal Controls & Risk Management** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall discuss guidelines and policies to govern the process by which risk assessment
 and risk management is undertaken by management. The Committee shall discuss the Company's
 major financial risk exposures, including specific risks related to cybersecurity and technology,
 and any potential enterprise-wide risks, along with the steps management has taken to monitor
 and control such exposures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 Committee shall periodically review and assess with management and the Independent Auditor
 the adequacy of the Company's internal control systems, the Company's policies
 on compliance with laws and regulations and the methods and procedures for monitoring compliance
 with such policies, and shall recommend improvements of such controls, policies, methods
 and procedures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D.** **General** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall review recommendations made by the Independent Auditor and such other matters
 in relation to the accounting, auditing and financial reporting practices and procedures
 of the Company as the Committee may, in its own discretion, deem desirable in connection
 with the review functions described above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 Committee shall meet separately, and periodically, with management and representatives of
 the Company's Independent Auditors. The Committee shall report regularly to the Board
 and such reports shall include any issues that arise with respect to the quality or integrity
 of the Company's financial statements, the Company's compliance with legal or
 regulatory requirements, the performance and independence of the Company's Independent
 Auditor and the performance of the Company's internal audit function.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 Committee shall conduct a self-evaluation of the Committee's performance at least annually.
 The evaluation shall address subjects including the Committee's composition, responsibilities,
 structure and processes, and effectiveness.

**<u>6. Policy on Related Party Transactions</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Definitions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) A
 "**Related Party Transaction**" is any transaction directly or indirectly
 involving any Related Party that would need to be disclosed under Item 404 of Regulation
 S-K for domestic issuers, or Item 7.B of Form 20-F for foreign private issuers, in accordance
 with Nasdaq Listing Rule 5630.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) **"Related Party"** means any of the following: <sup>(1)</sup>a director (and includes any
 director nominee); <sup>(2)</sup> an executive officer; <sup>(3)</sup>a person known by
 the Company to be the beneficial owner of more than 5% of the Company's common stock
 (a "5% shareholder"); or <sup>(4)</sup>a person known by the Company to be an
 immediate family member of any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **"Immediate family member"** means a child, stepchild, parent, stepparent, spouse, sibling, mother-in-law,
 father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of such director,
 executive officer, nominee for director or beneficial owner, and any person (other than a
 tenant or employee) sharing the household of such director, executive officer, nominee for
 director or beneficial owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Review and Approval** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Any
 Transaction with Related Parties must be approved or ratified by the Board after being reviewed
 by the Audit Committee. Any potential Related Party Transactions shall be reviewed and considered
 by the Committee, and where appropriate, in consultation with the Committee's Advisor
 or the management.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each
 of the Company's directors and executive officers shall inform the Chairperson of the
 Committee of any (potential) Related Party Transactions as soon as practicable after such
 person becomes aware of the potential Related Party Transaction or that a transaction might
 transpire to be a Related Party Transaction. The reporting person shall provide all relevant
 information regarding the (potential) Related Party Transaction available to him. The reporting
 person shall cooperate with the Company to make all such necessary disclosures required by
 the applicable SEC rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In
 determining whether to recommend the approval of a Related Party Transaction, the Committee
 shall, to the extent relevant, consider the following factors and such other factors they
 deem fit:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) whether
 the terms of the Related Party Transaction are fair to the Company and on the same basis
 as would apply if the transaction did not involve a Related Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 purpose of, and the potential benefits for the Company to enter into the Related Party Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) whether
 the Related Party Transaction would impair the independence of an independent director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) whether
 the Related Party Transaction would present an improper conflict of interests for any director
 or executive officer of the Company, taking into account the size of the transaction, the
 overall financial position of the director, executive officer or Related Party, the direct
 or indirect nature of the director's, executive officer's or Related Party's
 interest in the transaction and the ongoing nature of any proposed relationship, and any
 other factors the Committee deems relevant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any
 pre-existing contractual obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) A
 Related Party Transaction entered into without pre-approval of the Committee shall not be
 deemed to violate this Policy, or be invalid or unenforceable, so long as the transaction
 is brought to the Committee as promptly as reasonably practical after it is entered into
 or after it becomes reasonably apparent that the transaction is covered by this Policy.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C.** **Exceptions** 

Notwithstanding the rules set forth above, the following transactions will not be reviewed and no approval or ratification based on this Policy is required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) A
 transaction or a series of similar transactions that are not material to the Company or the
 related party, or that are not unusual in nature or conditions, as contemplated under Item
 7. B of Form 20-F..

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) A
 Related Party Transaction entered into prior to the effective date of this Charter.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Interested Committee Member.

Any member of the Committee who has an interest in the transaction under discussion shall declare his/her interest accordingly and abstain from voting on the approval of the Related Party Transaction, but may, if so requested by the Committee, participate in some or all of the Committee's discussions of the Related Party Transaction.

 

<u>7. DELEGATION OF DUTIES</u> 

The Committee may establish and delegate any of its responsibilities, along with the authority to take action in relation to such responsibilities, to subcommittees consisting of one or more of its members, when the Committee deems it appropriate to do so in order to carry out its responsibilities.

<u>8. REVIEW AND DISCLOSURE OF THIS CHARTER</u>

The Committee must periodically review and reassess this Charter and submit any recommended changes to the Board for its consideration at least annually or more frequently as circumstances require.

If required by the rules of the SEC, this Charter, as amended from time to time, shall be made available to the public on the Company's website and filed with the SEC in accordance with applicable SEC rules.

## Exhibit 99.2

**Exhibit 99.2**

**CHARTER OF THE NOMINATING AND CORPORATE GOVERNANCE COMMITTEE** 

**OF**

**STAR INTEGRATIA LIMITED**

(this "**Charter**")

***Effective [\*], 2026***

<u>1. PURPOSE</u>

The purpose of the Nominating and Corporate Governance Committee (the "**Committee**") is to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) exercise
 general oversight with respect to the governance of Star Integratia Limited (the "**Company** ")
 and its compliance with legal and regulatory requirements including those of the United States
 Securities and Exchange Commission ()"**SEC**") and of the Nasdaq Stock Market
 LLC ()"**Nasdaq** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) evaluate
 and recommend to the Board corporate governance practices applicable to the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) identify
 and evaluate qualified individuals to become members of the Board of Directors (the "**Board** ")
 of the Company and its committees, in consultation with the Chairperson of the Board (the
 "**Chairperson**") and the Company's Chief Executive Officer (the "**CEO** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) recommend
 to the Board proposed nominees for election to the Board or to fill Board vacancies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) coordinate
 and oversee the evaluation of the Board, its committees, individual directors and management
 in the governance of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) to
 perform such further functions as may be consistent with this Charter, or as assigned by
 applicable law and regulations, the Company's prevailing Memorandum and Articles of
 Association (the "**M&A** "), or the Board.

<u>2. COMPOSITION OF THE COMMITTEE</u>

The Committee must consist of at least two members. Each member of the Committee must be an independent director as defined under the requirements of Nasdaq, except as otherwise permitted by applicable Nasdaq rules, including any applicable exemptions and transition periods.

Committee members must be appointed to the Committee by the Board. Except as otherwise directed by the Board, a director selected as a Committee member shall continue to be a member for as long as he or she remains a director of the Company or until his or her earlier resignation or removal from the Committee or the Board. Any member may be removed from the Committee by the Board, with or without cause, at any time. Unless a Chair is designated by the Board, the Committee may designate a Chair by majority vote of the full Committee membership.

Notwithstanding the aforesaid, for so long as the Company remains a "controlled company", the Company will be exempt, and may elect to rely on such exemptions, from, certain Nasdaq's corporate governance requirements, including but not limited to those that would otherwise require the Company either establish compensation and nominating and corporate governance committees, each comprised entirely of independent directors, or otherwise ensure that the compensation of the Company's executive officers and nominees for directors are determined or recommended to the Board by the independent members of the Board.

<u>3. MEETINGS AND PROCEDURES</u>

The Committee shall meet as often as it determines necessary to carry out its duties and responsibilities. Meetings may be conducted by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other.

A majority of the members of the Committee shall constitute a quorum for purposes of holding a meeting and the Committee may act by a vote of a majority of members present at such meeting. In lieu of a meeting, the Committee may act by unanimous written consent. The Committee will cause to be kept adequate minutes of all its proceedings. The Committee members will be furnished with copies of the minutes of each meeting and any action taken by unanimous consent.

The Committee has the authority to establish its own rules and procedures for notice and conduct of its meetings, provided that they are consistent with the legal and regulatory requirements of SEC and Nasdaq, and any provisions of this Charter, the Company's M&A or governing documents that are applicable to the Committee.

<u>4. AUTHORITY</u>

The Committee shall have the authority necessary to discharge its duties and responsibilities.

The Committee has authority to retain and to approve fees of legal advisers, consultants and other advisors to assist the Committee with the execution of its duties and responsibilities set forth under this Charter (the "**Committee's Advisors**"). The Committee shall receive appropriate funding from the Company for the payment of compensation to its Committee's Advisors. The Committee shall also have the sole discretion to terminate the Committee's Advisors so retained.

The Committee shall have the authority to conduct investigations that it deems necessary to fulfil its responsibilities. The Committee shall have the authority to request that any officer or employee of the Company, the Company's outside legal counsel, the Company's independent auditor or any other advisors retained by the Company to render advice to the Company, to attend a meeting of the Committee, or meet with any members of the Committee or the Committee's Advisors. The Committee shall have full access to the books, records and facilities of the Company in carrying out its responsibilities.

In carrying out its responsibilities, the Committee shall be entitled to rely upon advice and information that it receives in its discussions and communications with the Committee's Advisors. However, the Committee shall not be required to implement or act consistently with the advice or recommendations of Committee's Advisors, and the authority granted in this Charter shall not affect the ability or obligation of the Committee to exercise its own judgment in fulfilment of its duties under this Charter.

Any communications between the Committee and legal advisers in the course of obtaining legal advice will be considered privileged communications of the Company and the Committee will take all necessary steps to preserve the privileged nature of those communications.

<u>5. DUTIES AND RESPONSIBILITIES</u>

In carrying out its duties and responsibilities, the Committee's policies and procedures should remain flexible, so that it may be in a position to best address, react to or respond to changing circumstances or conditions. In addition to the duties and responsibilities expressly delegated to the Committee in this Charter, the Committee may exercise any other powers and carry out any other responsibilities consistent with this Charter, the purposes of the Committee, and the Company's governing documents.

The following duties and responsibilities are within the authority of the Committee and are consistent with and subject to all applicable law and regulations, and the Company's prevailing M&A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Corporate Governance** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall exercise general oversight with respect to corporate governance matters and
 the Company's compliance with legal and regulatory requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 Committee shall monitor significant corporate governance developments and make recommendations
 to the Board regarding, or take actions with respect to, all matters of corporate governance
 as the Committee deems appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 Committee shall monitor compliance with the Company's Code of Business Ethics and any
 guidelines that the Company adopts in relation to corporate governance matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The
 Committee shall oversee and periodically evaluate the Company's Code of Business Ethics
 and any guidelines that the Company adopts or should adopt in relation to corporate governance
 matters, including but not limited to topics such as anti-corruption and whistleblowing.
 Where desirable, the Committee shall recommend changes to the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Composition of the Board and its Committees** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall oversee searches for and identify qualified individuals for membership on
 the Board, and recommend to the Board individuals for election to the Board and its committees
 or to fill vacancies. In making its recommendations for Board and committee membership, the
 Committee shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) review
 and consider candidates' background, qualifications, skills and experiences;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) making
 a specific determination as to the independence of each candidate nominated as an independent
 director; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) consider
 any factors that are set forth in the applicable law and regulations, or the Company's
 prevailing M&A, including but not limited to any requirements of independence, financial
 literacy or financial expertise standards, or other factors that are deemed appropriate by
 the Committee or the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 Committee shall recommend to the Board changes, if any, that the Committee believes desirable
 to the size of the Board or any committee thereof, or to the Board's committee structure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 Committee will periodically review criteria for membership on the Board and its committees,
 and make recommendations as is necessary. In doing so, the Committee shall consider the current
 composition of the Board and its committees in light of the current challenges and needs
 of the Board, the Company and each committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The
 Committee shall review any notification by a director of his or her resignation or material
 changes in employment or of circumstances that may adversely reflect upon the Company or
 the director's discharge of his or her duties as a director. Based on this review,
 the Committee may recommend that the Board request such a director to resign from the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C.** **Evaluation of the Board and its Committees** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) At
 least annually, the Committee shall lead the Board in a self-evaluation to determine whether
 it and its committees are functioning effectively. The Committee shall oversee the evaluation
 process and report on such process and the results of the evaluations, including any recommendations
 for proposed changes, to the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) At
 least annually, the Committee shall review the evaluations prepared by each Board committee
 of such committee's performance and consider any recommendations for proposed changes
 to the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) At
 least annually, the Committee shall evaluate current directors for re-nomination to the Board
 or re-appointment to any Board committees, and assess the performance of such directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D.** **General** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall report regularly to the Board and such reports shall include any significant
 issues or concerns that arise at its meetings, and if appropriate, the Committee's
 recommendation in that regard.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 Committee shall conduct a self-evaluation of the Committee's performance at least annually.
 The evaluation shall address subjects including the Committee's composition, responsibilities,
 structure and processes, and effectiveness.

<u>6. DELEGATION OF DUTIES</u>

The Committee may establish and delegate any of its responsibilities, along with the authority to take action in relation to such responsibilities, to subcommittees consisting of one or more of its members, when the Committee deems it appropriate to do so in order to carry out its responsibilities.

<u>7. REVIEW AND DISCLOSURE OF THIS CHARTER</u>

The Committee must periodically review and reassess this Charter and submit any recommended changes to the Board for its consideration.

If required by the rules of the SEC, this Charter, as amended from time to time, shall be made available to the public on the Company's website and filed with the SEC in accordance with applicable SEC rules.

## Exhibit 99.3

**Exhibit 99.3**

**CHARTER OF THE COMPENSATION COMMITTEE**

**OF**

**STAR INTEGRATIA LIMITED**

(this "***Charter***")

***Effective [\*], 2026***

<u>1. PURPOSE</u>

The purpose of the Compensation Committee (the "**Committee**") is to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) oversee
 and advise the Board of Directors (the "**Board**") of Star Integratia Limited
 (the "**Company**" regarding the Company's overall compensation policy,
 including compensation philosophy, strategy, and any equity-based plans and programs, etc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) recommend
 to the Board for determination, the compensation of the Company's Chief Executive Officer
 (the "**CEO**") and all other executive officers of the Company (the "**Executive Officers** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) oversee
 the Company's compliance with legal and regulatory requirements, including those of
 the United States Securities and Exchange Commission ()"**SEC**") and of the
 Nasdaq Stock Market LLC ()"**Nasdaq** "), in relation to (a) the compensation
 of the CEO, (b) the compensation of the Executive Officers, and (c) any equity-based plans
 and programs; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) to
 perform such further functions as may be consistent with this Charter, or as assigned by
 applicable law and regulations, the Company's prevailing Memorandum and Articles of
 Association (the "**M&A** "), or the Board.

<u>2. COMPOSITION OF THE COMMITTEE</u>

The Committee must consist of at least two members. Each member of the Committee must be an independent director as defined under the requirements of Nasdaq, except as otherwise permitted by applicable Nasdaq rules, including any applicable exemptions and transition periods.

Committee members must be appointed to the Committee by the Board. Except as otherwise directed by the Board, a director selected as a Committee member shall continue to be a member for as long as he or she remains a director of the Company or until his or her earlier resignation or removal from the Committee or the Board. Any member may be removed from the Committee by the Board, with or without cause, at any time. Unless a Chair is designated by the Board, the Committee may designate a Chair by majority vote of the full Committee membership.

Notwithstanding the aforesaid, for so long as the Company remains a "controlled company", the Company will be exempt, and may elect to rely on such exemptions, from, certain Nasdaq's corporate governance requirements, including but not limited to those that would otherwise require the Company either establish compensation and nominating and corporate governance committees, each comprised entirely of independent directors, or otherwise ensure that the compensation of the Company's executive officers and nominees for directors are determined or recommended to the Board by the independent members of the Board.

<u>3. MEETINGS AND PROCEDURES</u> 

The Committee shall meet as often as it determines necessary to carry out its duties and responsibilities. Meetings may be conducted by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other.

A majority of the members of the Committee shall constitute a quorum for purposes of holding a meeting and the Committee may act by a vote of a majority of members present at such meeting. In lieu of a meeting, the Committee may act by unanimous written consent. The Committee will cause to be kept adequate minutes of all its proceedings. The Committee members will be furnished with copies of the minutes of each meeting and any action taken by unanimous consent.

The Committee has the authority to establish its own rules and procedures for notice and conduct of its meetings, provided that they are consistent with the legal and regulatory requirements of SEC and Nasdaq, and any provisions of this Charter, the Company's M&A or governing documents that are applicable to the Committee.

<u>4. AUTHORITY</u>

The Committee shall have the authority necessary to discharge its duties and responsibilities.<sup></sup>

The Committee shall have the sole authority and responsibility to retain and to approve fees of legal advisers, consultants and other advisors to assist the Committee with the execution of its duties and responsibilities set forth under this Charter (the "**Committee's Advisors**"). Before selecting, or receiving advice from, any compensation consultant, legal counsel, or other adviser, the Committee shall take into consideration all factors relevant to the adviser's independence from management, including at least those set out in the applicable Nasdaq rules. The Committee shall receive appropriate funding from the Company for the payment of compensation to its Committee's Advisors. The Committee shall also have the sole discretion to terminate the Committee's Advisors so retained.

The Committee shall have the authority to conduct investigations that it deems necessary to fulfill its responsibilities. The Committee shall have the authority to request that any officer or employee of the Company, the Company's outside legal counsel, the Company's independent auditor or any other advisors retained by the Company to render advice to the Company, to attend a meeting of the Committee, or meet with any members of the Committee or the Committee's Advisors. The Committee shall have full access to the books, records and facilities of the Company in carrying out its responsibilities.

In carrying out its responsibilities, the Committee shall be entitled to rely upon advice and information that it receives in its discussions and communications with the Committee's Advisors. However, the Committee shall not be required to implement or act consistently with the advice or recommendations of Committee's Advisors, and the authority granted in this Charter shall not affect the ability or obligation of the Committee to exercise its own judgment in fulfillment of its duties under this Charter.

Any communications between the Committee and legal advisers in the course of obtaining legal advice will be considered privileged communications of the Company and the Committee will take all necessary steps to preserve the privileged nature of those communications.

<u>5. DUTIES AND RESPONSIBILITIES</u>

In carrying out its duties and responsibilities, the Committee's policies and procedures should remain flexible, so that it may be in a position to best address, react to or respond to changing circumstances or conditions. In addition to the duties and responsibilities expressly delegated to the Committee in this Charter, the Committee may exercise any other powers and carry out any other responsibilities consistent with this Charter, the purposes of the Committee, and the Company's governing documents.

The following duties and responsibilities are within the authority of the Committee and are consistent with and subject to all applicable law and regulations, and the Company's prevailing M&A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Overall Compensation Policy** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall review the overall effectiveness and competitiveness of the Company's
 compensation policy, especially that of Executive Officers, to ensure (a) the attraction
 and retention of talents, (b) the motivation of employees to achieve the Company's
 business objectives, and (c) the alignment of the interests of key leadership with the long-term
 interests of the Company's shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 Committee shall review compensation arrangements for
 the Company's employees to evaluate whether incentive and other forms of pay encourage
 unnecessary or excessive risk taking, and review and discuss, at least annually, the relationship
 between risk management policies and practices, corporate strategy and the Company's
 compensation arrangements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 Committee shall review and make recommendations to the Board regarding the Company's
 equity-based plans and programs, including where appropriate or required, recommend the adoption,
 amendment, and termination of such plans for approval by the stockholders of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Performance and Compensation** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall make recommendations to the Board for determination, compensation (and termination)
 packages for new Executive Officers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 Committee shall evaluate the performance of the CEO annually and, in the absence of the CEO,
 make recommendations to the Board for determination, any adjustment in the compensation (including
 salary, bonus, incentive and equity compensation) for the CEO. The Company's chief
 executive officer cannot be present during any voting or deliberations by the Committee on
 such officer's compensation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 Committee shall oversee an annual evaluation of the performance of each Executive Officer
 and, based upon the recommendation of the CEO and such other customary factors that the Committee
 deems necessary or appropriate, make recommendations to the Board for determination, any
 adjustment in the compensation (including salary, bonus, incentive and equity compensation)
 for each Executive Officer.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The
 Committee shall review the compensation paid to non-employee directors and make recommendations
 to the Board for any adjustments. No member of the Committee will act to fix his or her own
 compensation except for an uniform compensation to all non-employee directors for their services
 as a director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) In
 making recommendations for any adjustment in the compensation (including salary, bonus, incentive
 and equity compensation) for the CEO or any Executive Officer, the Committee shall consider
 the results of the most recent stockholder advisory vote on executive compensation ()"**Say on Pay Vote** "), if any. However, it is acknowledged that for so long as the Company
 remains a "emerging growth companies (EGCs)" or "foreign private issuers",
 the Company may elect to rely on exemptions from the requirement to hold such Say on Pay
 Vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**C.** **Approvals** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall ensure the Company's compliance with SEC's or Nasdaq's
 rules and regulations regarding shareholder approval of certain compensation matters, including
 any Say on Pay Vote and the frequency of such votes, and the requirement under the rules
 of the Nasdaq Stock Market that with limited exceptions, shareholders approve equity compensation
 plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If
 so required by all applicable law and regulations, or the Company's prevailing M&A,
 or the terms and conditions of any equity-based plans and programs, the Committee shall review
 and approve the grant of stock options and other forms of equity-based compensation to the
 CEO, Executive Officers, or any employees in accordance with the relevant requirements or
 conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If
 so required by all applicable law and regulations, or the Company's prevailing M&A,
 the Committee shall review and approve all special
 perquisites, special cash payments and other special compensation and benefit arrangements
 for CEO, Executive Officers, or any employees .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**D.** **Reporting** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall review and approve, before release, such reports on compensation as are necessary
 for filing with the SEC and other government bodies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If
 a Compensation Committee Report, Compensation and Discussion and Analysis ()"**CD&A** "),
 or any executive compensation information is required by applicable rules and regulations
 to be included in the Company's annual report, the Committee shall meet to review and
 approve, in consultation with management, before its release.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**E.** **General** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Committee shall report regularly to the Board and such reports shall include any significant
 issues or concerns that arise at its meetings, and if appropriate, the Committee's
 recommendation in that regard.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The
 Committee shall conduct a self-evaluation of the Committee's performance at least annually.
 The evaluation shall address subjects including the Committee's composition, responsibilities,
 structure and processes, and effectiveness.

<u>6. DELEGATION OF DUTIES</u> 

The Committee may establish and delegate any of its responsibilities, along with the authority to take action in relation to such responsibilities, to subcommittees consisting of one or more of its members, when the Committee deems it appropriate to do so in order to carry out its responsibilities.

<u>7. REVIEW AND DISCLOSURE OF THIS CHARTER</u>

The Committee must periodically review and reassess this Charter and submit any recommended changes to the Board for its consideration.

If required by the rules of the SEC, this Charter, as amended from time to time, shall be made available to the public on the Company's website and filed with the SEC in accordance with applicable SEC rules.

## Exhibit 99.4

**Exhibit 99.4**

![](ex99-4_001.jpg)

8 June 2026

Star Integratia Limited

62 Ubi Road 1

#06-03, Oxley Bizhub 2

Singapore 408734

Attention to: Ms. Lim Kiam Kiam

Dear Sirs,

1. We have acted as Singapore legal advisers to All Best App Pte. Ltd., the wholly owned subsidiary and operating
company of Star Integratia Limited (the "**Company** "), a company incorporated under the laws of the Cayman Islands, in
connection with the (a) the proposed initial public offering (the "**Offering**") of (i) 4,166,667 Ordinary Shares
(the "**Shares** "), par value of US$0.0001 per share, of the Company; (ii) up to 625,000 additional Shares, granted to
the underwriter by the Company pursuant to an option, exercisable from time to time in whole or in part, as set forth in the Company's
registration statement on Form F-1, including all amendments or supplements thereto (the "**Registration Statement** "),
filed by the Company with the Securities and Exchange Commission pursuant to the U.S. Securities Act of 1933, as amended, (the "**Securities Act**") in relation to the Offering, and (b) the Company's proposed listing (the "**Listing**") of the
Shares on the Nasdaq Capital Market.

2. In connection with our opinion expressed below, we reviewed the results of the following searches conducted
on All Best App Pte Ltd.: (a) the business profile search; (b) the composite litigation search; and (c) the company insolvency search
and a judicial management search. As to matters of fact material to this opinion, we have relied upon statements, certificates, confirmations
and other information set out in the Registration Statement and/or provided to us by officers and representatives of the Company and its
subsidiaries, and we have not independently verified those factual matters except to the extent expressly stated in this opinion

3. This opinion is being furnished to you on the basis of our understanding of Singapore laws as at
the date of this opinion. This opinion does not cover any questions arising under or relating to any other laws. Our statements in this
opinion are strictly limited to the matters stated in this letter and do not apply by implication to other matters

4. This opinion is strictly limited to the matters stated in paragraph 6 of this opinion, do not extend to
any other matters and is intended to be used in the context which is specifically referred to herein. In particular, this opinion does
not relate to any additional documents or statements concerning the Registration Statement, the Company, the Offering or the Listing that
may be made by any person or any other conduct that any person may engage in concerning the Registration Statement.

Chua & Partners LLP<br> 28 Maxwell Road,<br> #04-21 Maxwell Chambers Suites,

Singapore 069120

chuapartners.com

Chua & Partners LLP (UEN/Registration No. T23LL0552L) is registered in Singapore under the Limited Liability Partnerships Act 2005 with limited liability. We do not accept service of court documents by fax.

This letter is for the addressee(s) only and may contain confidential information and/or may be subject to legal privilege. If you have received this letter in error, please contact us immediately.

![](ex99-4_001.jpg)

5. Based upon and subject to the foregoing, we are of the opinion that the statements set forth in the Registration
Statement under the captions "Risk Factors – Singapore", "Regulations – Singapore" and "Enforceability
of Civil Liabilities – Singapore", insofar as such statements constitute summaries of Singapore legal matters, fairly summarise
in all material aspects the Singapore legal matters described therein as of the date hereof.

6. Based upon and subject to the foregoing, we are further of the opinion that the statements set forth in
the Registration Statement under the caption "Taxation – Singapore Taxation", insofar as such statements constitute summaries
of Singapore legal matters, fairly summarise in all material aspects the Singapore legal matters described therein as of the date hereof
and are accurate in all material aspects.

7. We hereby consent to the use of this opinion in, and the filing hereof as an exhibit to, the Registration
Statement, and to the reference to our name in such Registration Statement. In giving such consent, we do not thereby admit that we come
within the category of persons whose consent is required under Section 7 of the Securities Act, or the regulations promulgated thereunder.

8. This opinion is rendered by us solely for the purpose of and in connection with the Registration Statement
publicly submitted to the U.S. Securities and Exchange Commission on the date of this opinion, and save as provided herein, this opinion
shall not be quoted nor shall a copy be given to any person (apart from the addressee) without our express prior written consent except
where such disclosure is required to be made by the applicable law or is requested by the U.S. Securities and Exchange Commission or any
other regulatory agency. We hereby consent to the use of our opinion as herein set forth as an exhibit to the Registration Statement,
and further consent to all references to us, if any, in the Registration Statement and any amendments thereto.

---

| |
|:---|
| Yours faithfully |
| */s/ Chua & Partners LLP* |
| Chua & Partners LLP |

---

## Exhibit 99.5

**Exhibit 99.5**

**CONSENT OF LEE GENG SHENG JASON**

Star Integratia Limited (the "Company") intends to file a Registration Statement on Form F-1 (together with any amendments or supplements thereto, the "Registration Statement") registering securities for issuance in its initial public offering. As required by Rule 438 under the Securities Act of 1933, as amended, the undersigned hereby consents to being named in the Registration Statement as a Director Nominee.

Dated: June 8, 2026

---

| |
|:---|
| /s/ *LEE Geng Sheng Jason* |
| **LEE Geng Sheng Jason** |

---

## Exhibit 99.6

**Exhibit 99.6**

**CONSENT OF TAN LI HSIA**

Star Integratia Limited (the "Company") intends to file a Registration Statement on Form F-1 (together with any amendments or supplements thereto, the "Registration Statement") registering securities for issuance in its initial public offering. As required by Rule 438 under the Securities Act of 1933, as amended, the undersigned hereby consents to being named in the Registration Statement as a Director Nominee.

Dated: June 8, 2026

---

| |
|:---|
| /s/ *TAN Li Hsia* |
| **TAN Li Hsia** |

---

## Exhibit 99.7

**Exhibit 99.7**

**CONSENT OF LEE FOONG KWAN**

Star Integratia Limited (the "Company") intends to file a Registration Statement on Form F-1 (together with any amendments or supplements thereto, the "Registration Statement") registering securities for issuance in its initial public offering. As required by Rule 438 under the Securities Act of 1933, as amended, the undersigned hereby consents to being named in the Registration Statement as a Director Nominee.

Dated: June 8, 2026

---

| |
|:---|
| /s/ *LEE Foong Kwan* |
| **LEE Foong Kwan** |

---

## Exhibit 99.8

**Exhibit 99.8**

**Star Integratia Limited**

**Executive Compensation Recovery Policy**

This policy covers Star Integratia Limited's (the "<u>Company</u>") Covered Officers and explains when the Company will be required or authorized, as applicable, to seek recovery of Incentive Compensation awarded or paid to Covered Officers. Please refer to <u>Exhibit A</u> attached hereto (the "<u>Definitions Exhibit</u>") for the definitions of capitalized terms used throughout this Policy.

&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Miscalculation of Financial Performance Measure Results.** In the event of a Restatement, the Company will seek to recover, reasonably promptly,
 all Recoverable Incentive Compensation from a Covered Officer during the Applicable Period. Such recovery, in the case of a Restatement,
 will be made without regard to any individual knowledge or responsibility related to the Restatement or the Recoverable Incentive
 Compensation. Notwithstanding the foregoing, if the Company is required to undertake a Restatement, the Company will not be required
 to recover the Recoverable Incentive Compensation if the Compensation Committee determines it impracticable to do so, after exercising
 a normal due process review of all the relevant facts and circumstances.

The Company will seek to recover all Recoverable Incentive Compensation that was awarded or paid in accordance with the definition of "Recoverable Incentive Compensation" set forth on the Definitions Exhibit. If such Recoverable Incentive Compensation was not awarded or paid on a formulaic basis, the Company will seek to recover the amount that the Compensation Committee determines in good faith should be recouped.

&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Legal and Compliance Violations**. Compliance with the law and the Company's Standards of Business Conduct and other corporate
 policies is a pre-condition to earning Incentive Compensation. If the Company in its sole discretion concludes that a Covered Officer
 (1) committed a significant legal or compliance violation in connection with the Covered Officer's employment, including a
 violation of the Company's corporate policies or the Company's Standards of Business Conduct (each, " <u>Misconduct</u> "),
 or (2) was aware of or willfully blind to Misconduct that occurred in an area over which the Covered Officer had supervisory authority,
 the Company may, at the direction of the Compensation Committee, seek recovery of all or a portion of the Recoverable Incentive Compensation
 awarded or paid to the Covered Officer for the Applicable Period in which the violation occurred. In addition, the Company may, at
 the direction of the Compensation Committee, conclude that any unpaid or unvested Incentive Compensation has not been earned and
 must be forfeited.

In the event of Misconduct, the Company may seek recovery of Recoverable Incentive Compensation even if the Misconduct did not result in an award or payment greater than would have been awarded or paid absent the Misconduct.

In the event of Misconduct, in determining whether to seek recovery and the amount, if any, by which the payment or award should be reduced, the Compensation Committee may consider—among other things— the seriousness of the Misconduct, whether the Covered Officer was unjustly enriched, whether seeking the recovery would prejudice the Company's interests in any way, including in a proceeding or investigation, and any other factors it deems relevant to the determination.

&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Other Actions**. The Compensation Committee may, subject to applicable law, seek recovery in the manner it chooses, including by seeking
 reimbursement from the Covered Officer of all or part of the compensation awarded or paid, by electing to withhold unpaid compensation,
 by set-off, or by rescinding or canceling unvested stock.

In the reasonable exercise of its business judgment under this Policy, the Compensation Committee may in its sole discretion determine whether and to what extent additional action is appropriate to address the circumstances surrounding a Restatement or Misconduct to minimize the likelihood of any recurrence and to impose such other discipline as it deems appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;**4.** **No Indemnification or Reimbursement**. Notwithstanding the terms of any other policy, program, agreement or arrangement, in no event
 will the Company or any of its affiliates indemnify or reimburse a Covered Officer for any loss under this Policy and in no event
 will the Company or any of its affiliates pay premiums on any insurance policy that would cover a Covered Officer's potential
 obligations with respect to Recoverable Incentive Compensation under this Policy.

&nbsp;&nbsp;&nbsp;&nbsp;**5.** **Administration of Policy**. The Compensation Committee will have full authority to administer this Policy. Actions of the Compensation Committee
 pursuant to this Policy will be taken by the vote of a majority of its members. The Compensation Committee will, subject to the provisions
 of this Policy and Rule 10D-1 of the Securities Exchange Act of 1934, as amended (the " <u>Exchange Act</u> "), and the
 Company's applicable exchange listing standards, make such determinations and interpretations and take such actions in connection
 with this Policy as it deems necessary, appropriate or advisable. All determinations and interpretations made by the Compensation
 Committee will be final, binding and conclusive.

&nbsp;&nbsp;&nbsp;&nbsp;**6.** **Other Claims and Rights**. The remedies under this Policy are in addition to, and not in lieu of, any legal and equitable claims the
 Company or any of its affiliates may have or any actions that may be imposed by law enforcement agencies, regulators, administrative
 bodies, or other authorities. Further, the exercise by the Compensation Committee of any rights pursuant to this Policy will not
 impact any other rights that the Company or any of its affiliates may have with respect to any Covered Officer subject to this Policy.

&nbsp;&nbsp;&nbsp;&nbsp;**7.** **Condition to Eligibility for Incentive Compensation**. All Incentive Compensation subject to this Policy will not be earned, even if already
 paid, until the Policy ceases to apply to such Incentive Compensation and any other vesting conditions applicable to such Incentive
 Compensation are satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;**8.** **Amendment; Termination**. The Board or the Compensation Committee may amend or terminate this Policy at any time.

&nbsp;&nbsp;&nbsp;&nbsp;**9.** **Effectiveness**.
 Except as otherwise determined in writing by the Compensation Committee, this Policy will apply to any Incentive Compensation that
 (a) in the case of any Restatement, is Received by Covered Officers prior to, on or following the Effective Date, and (b) in the
 case of Misconduct, is awarded or paid to a Covered Officer on or after the Effective Date. This Policy will survive and continue
 notwithstanding any termination of a Covered Officer's employment with the Company and its affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;**10.** **Successors**.
 This Policy shall be binding and enforceable against all Covered Officers and their successors, beneficiaries, heirs, executors,
 administrators, or other legal representatives.

&nbsp;&nbsp;&nbsp;&nbsp;**11.** **Governing Law**. To the extent not preempted by U.S. federal law, this Policy will be governed by and construed in accordance with the laws
 of the State of New York, without reference to principles of conflict of laws.

**<u>EXHIBIT A</u>**

**<u>DEFINITIONS</u>**

"<u>Applicable Period</u>" means (a) in the case of any Restatement, the three completed fiscal years of the Company immediately preceding the earlier of (i) the date the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes (or reasonably should have concluded) that a Restatement is required or (ii) the date a regulator, court or other legally authorized entity directs the Company to undertake a Restatement, and (b) in the case of any Misconduct, such period as the Compensation Committee or Board determines to be appropriate in light of the scope and nature of the Misconduct. The "Applicable Period" also includes any transition period (that results from a change in the Company's fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence.

"<u>Board</u>" means the Board of Directors of the Company.

"<u>Compensation Committee</u>" means the Company's committee of independent directors responsible for executive compensation decisions, or in the absence of such a committee, a majority of the independent directors serving on the Board.

"<u>Covered Officer</u>" means (a) in the case of any Restatement, any person who is, or was at any time, during the Applicable Period, an Executive Officer of the Company, and (b) in the case of any Misconduct, any person who was an Executive Officer at the time of the Misconduct. For the avoidance of doubt, a Covered Officer may include a former Executive Officer that left the Company, retired, or transitioned to an employee role (including after serving as an Executive Officer in an interim capacity) during the Applicable Period.

"<u>Effective Date</u>" means the date of the effectiveness of the Registration Statement.

"<u>Executive Officer</u>" means the Company's president, principal financial officer, principal accounting officer (or if there is no such accounting officer, the controller), any vice-president in charge of a principal business unit, division, or function (such as sales, administration, or finance), any other officer who performs a policy-making function, or any other person (including an officer of the Company's parent(s) or subsidiaries) who performs similar policy-making functions for the Company.

"<u>Financial Performance Measure</u>" means a measure that is determined and presented in accordance with the accounting principles used in preparing the Company's financial statements (including "non-GAAP" financial measures, such as those appearing in the Company's earnings releases or Management Discussion and Analysis), and any measure that is derived wholly or in part from such measure. Stock price and total shareholder return (and any measures derived wholly or in part therefrom) shall be considered Financial Performance Measures.

"<u>Impracticable</u>." The Compensation Committee may determine in good faith that recovery of Recoverable Incentive Compensation is "Impracticable" (a) in the case of any Restatement, if: (i) pursuing such recovery would violate home country law of the jurisdiction of incorporation of the Company where that law was adopted prior to October 2, 2023 and the Company provides an opinion of counsel to that effect acceptable to the Company's listing exchange; (ii) the direct expense paid to a third party to assist in enforcing this Policy would exceed the Recoverable Incentive Compensation and the Company has (A) made a reasonable attempt to recover such amounts and (B) provided documentation of such attempts to recover to the Company's applicable listing exchange; or (iii) recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to employees of the Company, to fail to meet the requirements of the Internal Revenue Code of 1986, as amended, and (b) in the case of any Misconduct, in its sole discretion, in light of the scope and nature of the Misconduct.

"<u>Incentive Compensation</u>" means any compensation that is granted, earned, or vested based wholly or in part upon the attainment of a Financial Performance Measure. Incentive Compensation does not include any base salaries (except with respect to any salary increases earned wholly or in part based on the attainment of a Financial Performance Measure performance goal); bonuses paid solely at the discretion of the Compensation Committee or Board that are not paid from a "bonus pool" that is determined by satisfying a Financial Performance Measure performance goal; bonuses paid solely upon satisfying one or more subjective standards and/or completion of a specified employment period; non-equity incentive plan awards earned solely upon satisfying one or more strategic measures or operational measures; and equity awards that vest solely based on the passage of time and/or attaining one or more non-Financial Performance Measures. Notwithstanding the foregoing, in the case of any Misconduct, Incentive Compensation will include all forms of cash and equity incentive compensation, including, without limitation, cash bonuses and equity awards that are received or vest solely based on the passage of time and/or attaining one or more non-Financial Performance Measures.

"<u>Received</u>." Incentive Compensation is deemed "Received" in the Company's fiscal period during which the Financial Performance Measure specified in the Incentive Compensation award is attained, even if the payment or grant of the Incentive Compensation occurs after the end of that period.

"<u>Recoverable Incentive Compensation</u>" means (a) in the case of any Restatement, the amount of any Incentive Compensation (calculated on a pre-tax basis) Received by a Covered Officer during the Applicable Period that is in excess of the amount that otherwise would have been Received if the calculation were based on the Restatement, and (b) in the case of any Misconduct, the amount of any Incentive Compensation (calculated on a pre-tax basis) awarded or paid to a Covered Officer during the Applicable Period that the Compensation Committee determines, in its sole discretion, to be appropriate in light of the scope and nature of the Misconduct. For the avoidance of doubt, in the case of any Restatement, Recoverable Incentive Compensation does not include any Incentive Compensation Received by a person (i) before such person began service as a Covered Officer and (ii) who did not serve as a Covered Officer at any time during the performance period for that Incentive Compensation. For the avoidance of doubt, in the case of any Restatement, Recoverable Incentive Compensation may include Incentive Compensation Received by a person while serving as an employee if such person previously served as a Covered Officer and then transitioned to an employee role. For Incentive Compensation based on (or derived from) stock price or total shareholder return where the amount of Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in the applicable Restatement, the amount will be determined by the Compensation Committee based on a reasonable estimate of the effect of the Restatement on the stock price or total shareholder return upon which the Incentive Compensation was Received (in which case, the Company will maintain documentation of such determination of that reasonable estimate and provide such documentation to the Company's applicable listing exchange).

"<u>Restatement</u>" means an accounting restatement of any of the Company's financial statements filed with the Securities and Exchange Commission under the Exchange Act, or the Securities Act of 1933, as amended, due to the Company's material noncompliance with any financial reporting requirement under U.S. securities laws, regardless of whether the Company or Covered Officer misconduct was the cause for such restatement. "Restatement" includes any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements (commonly referred to as "Big R" restatements), or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period (commonly referred to as "little r" restatements).

## Exhibit 99.9

**Exhibit 99.9**

**Star Integratia Limited**

**Insider Trading Policy**

This Insider Trading Policy describes the standards of Star Integratia Limited and its subsidiaries (the "Company") on trading, and causing the trading of, the Company's securities or securities of certain other publicly traded companies while in possession of confidential information. This Policy is divided into two parts: the first part prohibits trading in certain circumstances and applies to all directors, officers and employees and their respective immediate family members of the Company and the second part imposes special additional trading restrictions and applies to all (i) directors of the Company, (ii) executive officers of the Company (together with the directors, "Company Insiders"), and (iii) certain other employees that the Company may designate from time to time as "Covered Persons" because of their position, responsibilities or their actual or potential access to material information.

One of the principal purposes of the federal securities laws is to prohibit so-called "insider trading." Simply stated, insider trading occurs when a person uses material nonpublic information obtained through involvement with the Company to make decisions to purchase, sell, give away or otherwise trade the Company's securities or the securities of certain other companies or to provide that information to others outside the Company. The prohibitions against insider trading apply to trades, tips and recommendations by virtually any person, including all persons associated with the Company, if the information involved is "material" and "nonpublic." These terms are defined in this Policy under Part I, Section 3 below. The prohibitions would apply to any director, officer or employee who buys or sells securities on the basis of material nonpublic information that he or she obtained about the Company, its customers, suppliers, partners, competitors or other companies with which the Company has contractual relationships or may be negotiating transactions.

**PART I**

**POLICY APPLICABLE TO ALL EMPLOYEES, OFFICERS AND DIRECTORS**

**1. Applicability**

This Policy applies to all trading or other transactions in (i) the Company's securities, including common stock, options and any other securities that the Company may issue, such as preferred stock, notes, bonds and convertible securities, as well as to derivative securities relating to any of the Company's securities, whether or not issued by the Company and (ii) the securities of certain other companies, including common stock, options and other securities issued by those companies as well as derivative securities relating to any of those companies' securities.

This Policy applies to all employees of the Company, all officers of the Company and all members of the Company's board of directors, officers, employees, and their respective family members.

**2. General Policy: No Trading or Causing Trading While in Possession of Material Nonpublic Information**

(a) No director, officer or employee or any of their immediate family members may purchase or sell, or offer to purchase or sell, any Company security, whether or not issued by the Company, while in possession of material nonpublic information about the Company. (The terms "material" and "nonpublic" are defined in Part I, Section 3(a) and (b) below.)

(b) No director, officer or employee or any of their immediate family members who knows of any material nonpublic information about the Company may communicate that information to ("tip") any other person, including family members and friends, or otherwise disclose such information without the Company's authorization.

(c) No director, officer or employee or any of their immediate family members may purchase or sell any security of any other publicly-traded company while in possession of material nonpublic information that was obtained in the course of his or her involvement with the Company. No director, officer or employee or any of their immediate family members who knows of any such material nonpublic information may communicate that information to, or tip, any other person, including family members and friends, or otherwise disclose such information without the Company's authorization.

(d) For compliance purposes, you should never trade, tip or recommend securities (or otherwise cause the purchase or sale of securities) while in possession of information that you have reason to believe is material and nonpublic unless you first consult with, and obtain the advance approval of, the Compliance Officer (which is defined in Part I, Section 3(c) below).

(e) Covered Persons must "pre-clear" all trading in securities of the Company in accordance with the procedures set forth in Part II, Section 3 below.

**3. Definitions**

(a) Material. Insider trading restrictions come into play only if the information you possess is "material." Materiality, however, involves a relatively low threshold. Information is generally regarded as "material" if it has market significance, that is, if its public dissemination is likely to affect the market price of securities, or if it otherwise is information that a reasonable investor would want to know before making an investment decision.

Information dealing with the following subjects is reasonably likely to be found material in particular situations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) significant changes in the Company's prospects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) significant write-downs in assets or increases in reserves;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) developments regarding significant litigation or government agency investigations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) liquidity problems;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) changes in earnings estimates or unusual gains or losses in major operations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) major changes in the Company's management or the board of directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) changes in dividends;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) extraordinary borrowings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) major changes in accounting methods or policies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) award or loss of a significant contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) cybersecurity risks and incidents, including vulnerabilities and breaches;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) changes in debt ratings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) proposals, plans or agreements, even if preliminary in nature, involving mergers, acquisitions, divestitures, recapitalizations, strategic alliances, licensing arrangements, or purchases or sales of substantial assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) offerings of Company securities.

Material information is not limited to historical facts but may also include projections and forecasts. With respect to a future event, such as a merger, acquisition or introduction of a new product, the point at which negotiations or product development are determined to be material is determined by balancing the probability that the event will occur against the magnitude of the effect the event would have on a company's operations or stock price should it occur. Thus, information concerning an event that would have a large effect on stock price, such as a merger, may be material even if the possibility that the event will occur is relatively small. When in doubt about whether particular nonpublic information is material, you should presume it is material. If you are unsure whether information is material, you should either consult the Compliance Officer before making any decision to disclose such information (other than to persons who need to know it) or to trade in or recommend securities to which that information relates or assume that the information is material.

(b) Nonpublic. Insider trading prohibitions come into play only when you possess information that is material and "nonpublic." The fact that information has been disclosed to a few members of the public does not make it public for insider trading purposes. To be "public" the information must have been disseminated in a manner designed to reach investors generally, and the investors must be given the opportunity to absorb the information. Even after public disclosure of information about the Company, you must wait until the close of business on the second trading day after the information was publicly disclosed before you can treat the information as public.

Nonpublic information may include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) information available to a select group of analysts or brokers or institutional investors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) undisclosed facts that are the subject of rumors, even if the rumors are widely circulated; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) information that has been entrusted to the Company on a confidential basis until a public announcement of the information has been made and enough time has elapsed for the market to respond to a public announcement of the information, normally two trading days.

(c) Compliance Officer. The Company has appointed the Chief Financial Officer as the Compliance Officer for this Policy. The duties of the Compliance Officer include, but are not limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) assisting with implementation and enforcement of this Policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) circulating this Policy to all employees and ensuring that this Policy is amended as necessary to remain up-to-date with insider trading laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) pre-clearing all trading in securities of the Company by Covered Persons in accordance with the procedures set forth in Part II, Section 3 below; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) providing approval of any Rule 10b5-1 plans under Part II, Section 1(c) below and any prohibited transactions under Part II, Section 4 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) providing a reporting system with an effective whistleblower protection mechanism.

**4. Exceptions**

The trading restrictions of this Policy do not apply to exercising stock options granted under the Company's current or future equity incentive plans or option plans for cash or the delivery of previously owned Company stock. However, the sale of any shares issued on the exercise of Company-granted stock options and any cashless exercise of Company-granted stock options are subject to trading restrictions under this Policy.

**5. Violations of Insider Trading Laws**

Penalties for trading on or communicating material nonpublic information can be severe, both for individuals involved in such unlawful conduct and their employers and supervisors, and may include jail terms, criminal fines, civil penalties and civil enforcement injunctions. Given the severity of the potential penalties, compliance with this Policy is absolutely mandatory.

(a) Legal Penalties. A person who violates insider trading laws by engaging in transactions in a company's securities when he or she has material nonpublic information can be sentenced to a substantial jail term and required to pay a criminal penalty of several times the amount of profits gained or losses avoided.

In addition, a person who tips others may also be liable for transactions by the tippees to whom he or she has disclosed material nonpublic information. Tippers can be subject to the same penalties and sanctions as the tippees, and the SEC has imposed large penalties even when the tipper did not profit from the transaction.

(b) Company-Imposed Penalties. Persons who violate this Policy are subject to disciplinary action by the Company, which may include ineligibility for future participation in the Company's equity incentive plans or termination of employment.

**PART II**

**ADDITIONAL TRADING RESTRICTIONS APPLICABLE TO COMPANY INSIDERS AND COVERED PERSONS**

**1. Blackout Periods and Trading Windows**

(a) Blackout Periods. No Company Insider or Covered Person shall engage in any transaction involving the Company's securities during the following "blackout periods":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) during the period beginning 30 days before the end of each fiscal quarter and ending two full trading days after the public release of earnings for that quarter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) during any period when the Company's management or the Board determines that a blackout period is appropriate due to material corporate developments.

(b) Trading Windows. Transactions are generally permitted during the period beginning two full trading days after the public release of earnings and ending 30 days before the end of the next fiscal quarter, provided that the Company Insider or Covered Person is not in possession of material nonpublic information.

(c) Rule 10b5-1 Trading Plans. Notwithstanding the foregoing, transactions pursuant to a written plan that has been adopted in compliance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and that has been pre-approved by the Compliance Officer, may be made even during blackout periods, provided such plan does not permit the exercise of discretion by the person adopting the plan with respect to such transactions.

**2. Short Sales; Publicly Traded Options; Pledging and Hedging**

Company Insiders and Covered Persons are prohibited from engaging in short sales of the Company's securities or entering into puts, calls or other derivative securities based on the Company's securities. Company Insiders and Covered Persons are also prohibited from pledging Company securities as collateral for a loan and from engaging in hedging transactions with respect to Company securities.

**3. Pre-Clearance**

All transactions in the Company's securities by Company Insiders and Covered Persons (including transactions pursuant to a Rule 10b5-1 plan), must be pre-cleared by the Compliance Officer. A request for pre-clearance should be submitted at least two business days in advance of the proposed transaction. The Compliance Officer is under no obligation to approve a transaction submitted for pre-clearance, and may determine that the transaction should not be completed at that time. A grant of pre-clearance is valid for only five business days from the date of such pre-clearance. Company Insiders and Covered Persons may not conduct any transactions outside of a trading window even if they have received pre-clearance to do so.

**4. Prohibited Transactions**

The Compliance Officer may grant exceptions to the blackout period or pre-clearance requirements in extraordinary circumstances. No exception will be granted unless the Compliance Officer has concluded that the transaction in question is not based on material nonpublic information.

\* \* \*

I acknowledge that I have read and understand the Insider Trading Policy of Star Integratia Limited and agree to comply with its terms.

Signature: ____________________________

Printed Name: _________________________

Date: _________________________________

Title: ________________________________

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **F-1**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Star Integratia Ltd**  |

---

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation or Carry Forward Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** |
| Fees to be Paid | 1 | Equity | ordinary shares, par value $0.0001 per share ("Ordinary Shares") | 457(o) | $38333336.00 | 0.0001381 | $5293.83 |
| Fees Previously Paid |  |  |  |  |  |  |  |
| **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** |
| Carry Forward Securities |  |  |  |  |  |  |  |
|  |  |  | Total Offering Amounts: | Total Offering Amounts: | $38333336.00  |  | $5293.83  |
|  |  |  | Total Fees Previously Paid:  | Total Fees Previously Paid:  |  |  | $0.00  |
|  |  |  | Total Fee Offsets:  | Total Fee Offsets:  |  |  | $0.00  |
|  |  |  | Net Fee Due:  | Net Fee Due:  |  |  | $5293.83  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> Includes 4,166,667 Ordinary Shares to be offered by the Company in this offering and up to 625,000 additional Ordinary Shares issuable upon exercise of the underwriters' over-allotment option. The maximum aggregate offering price has been estimated pursuant to Rule 457(o) under the Securities Act based on an assumed initial public offering price of $8.00 per Ordinary Share, the high end of the estimated public offering price range set forth on the cover page of this registration statement. Pursuant to Rule 416 under the Securities Act of 1933, as amended (the "Securities Act"), the securities being registered hereunder include such indeterminate number of additional Ordinary Shares as may be issued after the date hereof as a result of stock splits, stock dividends or similar transactions.

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| **Rules 457(b) and 0-11(a)(2)** |
| Fee Offset Claims |
| Fee Offset Sources |
| **Rule 457(p)** |
| Fee Offset Claims |
| Fee Offset Sources |

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