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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

 

For The Quarterly Period Ended March 31, 2025

 

or

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from _______________ to _______________

 

Commission File Number 000-56629

 

JOCOM HOLDINGS CORP.

(Exact name of registrant issuer as specified in its charter)

 

Nevada   38-4177722

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

Unit No. 11-1, Level 11, Tower 3, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi,

59200 Kuala Lumpur, Malaysia

(Address of principal executive offices, including zip code)

 

Registrant’s phone number, including area code +6012 5189937

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

YES ☒ NO ☐

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

 

YES ☐ NO

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large Accelerated Filer ☐ Accelerated Filer ☐ Non-accelerated Filer ☐ Smaller reporting company Emerging growth company

 

If an emerging growth company, 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 13(a) of the Exchange Act.

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 

Yes ☐ No

 

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has fled all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

 

Yes ☐ No

 

APPLICABLE ONLY TO CORPORATE ISSUERS:

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

Class   Outstanding at March 31, 2025
Common Stock, $0.0001 par value   57,680,500

 

 

 

 

 

 

TABLE OF CONTENTS

 

      Page
PART I FINANCIAL INFORMATION    
ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:   F-1
  Condensed Consolidated Balance Sheets as of March 31, 2025 (unaudited) and December 31, 2024 (audited)   F-2
  Condensed Consolidated Statements of Operations and Comprehensive Losses for the Three Months Ended March 31, 2025 (unaudited) and March 31, 2024 (unaudited)   F-3
  Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31, 2025 (unaudited) and March 31, 2024 (unaudited)   F-4
  Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 (unaudited)   F-5
  Notes to the Condensed Consolidated Financial Statements   F-6 - F-17
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS   3-4
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK   5
ITEM 4. CONTROLS AND PROCEDURES   5
PART II OTHER INFORMATION    
ITEM 1 LEGAL PROCEEDINGS   6
ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS   6
ITEM 3 DEFAULTS UPON SENIOR SECURITIES   6
ITEM 4 MINE SAFETY DISCLOSURES   6
ITEM 5 OTHER INFORMATION   6
ITEM 6 EXHIBITS   7
  SIGNATURES   8

 

2

 

 

PART I FINANCIAL INFORMATION

 

ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS:

 

JOCOM HOLDINGS CORP.

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

    Page
Unaudited Condensed Consolidated Financial Statements    
     
Condensed Consolidated Balance Sheets as of March 31, 2025 (unaudited) and December 31, 2024 (audited)   F-2
Condensed Consolidated Statements of Operations and Comprehensive Losses for the Three Months Ended March 31, 2025 (unaudited) and 2024 (unaudited)   F-3
Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended March 31, 2025 (unaudited) and 2024 (unaudited)   F-4
Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 (unaudited) and 2024 (unaudited)   F-5
Notes to the Condensed Consolidated Financial Statements   F-6 - F-17

 

F-1

 

 

JOCOM HOLDINGS CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF MARCH 31, 2025 (Unaudited) AND DECEMBER 31, 2024 (Audited)

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

 

  

As of

March 31, 2025

  

As of

December 31, 2024

 
         
ASSETS          
NON-CURRENT ASSETS          
Intangible asset   1    1 
Plant and equipment, net   -    - 
Total Non-Current Assets  $1   $1 
           
CURRENT ASSETS          
Cash and bank balances   2,450    2,481 
Trade receivable   -    - 
Deposits and prepayment   3,517    5,790 
Total Current Assets  $5,967   $8,271 
           
TOTAL ASSETS  $5,968   $8,272 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
CURRENT LIABILITIES          
Other payables and accruals (including $5,291 and $26,464 to related party as of March 31, 2025, and December 31, 2024 respectively)   36,115    69,434 
Amount due to directors   -    6,019 
Income tax payable   1,380    1,380 
TOTAL CURRENT LIABILITIES  $37,495   $76,833 
           
TOTAL LIABILITIES  $37,495   $76,833 
           
STOCKHOLDERS’ EQUITY          
SHAREHOLDER EQUITY          
Preferred shares, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding   -    - 
Common Shares, par value $0.0001; 600,000,000 shares authorized, 57,680,500 shares issued and outstanding as of March 31, 2025 and December 31, 2024 respectively   5,768    5,768 
Additional paid-in capital   570,132    570,132 
Exchange translation reserve   59    67 
Accumulated losses   (607,486)   (644,528)
TOTAL STOCKHOLDERS’ EQUITY  $(31,527)  $(68,561)
           
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY  $5,968   $8,272 

 

See accompanying notes to condensed consolidated financial statements.

 

F-2

 

 

JOCOM HOLDINGS CORP.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSSES

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(Unaudited)

 

   2025   2024 
  

For the three months ended

March 31

 
   2025   2024 
         
REVENUE - RELATED PARTY  $-   $6,000 
           
COST OF REVENUE  $-   $- 
           
GROSS PROFIT  $-   $6,000 
           
OTHER INCOME  $56,209   $11,886 
           
GENERAL AND ADMINISTRATIVE EXPENSES (including $3,361 and $3,500 of general and administrative expenses to related party for the 3 months ended March 31, 2025 and 2024, respectively)  $(19,167)  $(22,244)
           
PROFIT/(LOSS) BEFORE INCOME TAX  $37,042   $(4,358)
           
INCOME TAX PROVISION  $-   $- 
           
NET PROFIT/(LOSS)  $37,042   $(4,358)
           
OTHER COMPREHENSIVE LOSS          
- Foreign currency translation loss  $(8)  $- 
           
TOTAL COMPREHENSIVE PROFIT/(LOSS)  $37,034   $(4,358)
           
Net loss per share, basic and diluted:  $-   $- 
           
Weighted average number of common shares outstanding – Basic and diluted   57,680,500    57,680,500 

 

See accompanying notes to condensed consolidated financial statements.

 

F-3

 

 

JOCOM HOLDINGS CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(Unaudited)

 

   Number of
Shares
   Amount  
Paid-In Capital
   Accumulated
Losses
   Translation Reserve  

Total

Equity

 
Three months ended March 31, 2024
   Common Stock                
   Number of
Shares
   Amount    Additional Paid-In Capital   Accumulated Losses   Exchange Translation Reserve  

Total

Equity

 
                         
Balance as of December 31, 2023 (Audited)   57,680,500    5,768    570,132    (713,047)   -    (137,147)
                               
Net loss from January 1, 2024 to March 31, 2024       -     -     (4,358)   -    (4,358)
                               
Balance as of March 31, 2024 (Unaudited)   57,680,500    5,768    570,132    (717,405)   -    (141,505)

 

Three months ended March 31, 2025
   Common Stock                
   Number of
Shares
   Amount  
Additional Paid-In Capital
   Accumulated
Losses
   Exchange Translation Reserve  

Total

Equity

 
                         
Balance as of December 31, 2024 (Audited)   57,680,500    5,768    570,132    (644,528)   67    (68,561)
                               
Exchange Translation Reserve       -     -     -     (8)   (8)
                               
Net profit from January 1, 2025 to March 31, 2025       -     -     37,042    -     37,042 
                               
Balance as of March 31, 2025 (Unaudited)   57,680,500    5,768    570,132    (607,486)   59    (31,527)

 

See accompanying notes to consolidated financial statements

 

F-4

 

 

JOCOM HOLDINGS CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(Unaudited)

 

   2025   2024 
  

Three months ended

March 31

 
   2025   2024 
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net profit/(loss)  $37,042   $(4,358)
Adjustments to reconcile net loss to net cash used in operating activities:          
Allowance for doubtful debt   -    (6,629)
           
Changes in operating assets and liabilities:          
Trade receivable   -    (5,370)
Deposits and prepayment   2,273    10 
Other payables and accruals   (33,344)   16,089 
Amount due to directors   (6,019)   237 
Net cash used in operating activities   (48)   (21)
           
Effect of exchange rate changes on cash and cash equivalent   17    - 
           
Net decrease in cash and cash equivalents   (31)   (21)
Cash and cash equivalents, beginning of period   2,481    134 
CASH AND CASH EQUIVALENTS, END OF PERIOD  $2,450   $113 
SUPPLEMENTAL CASH FLOWS INFORMATION          
Income taxes paid  $-   $- 
Interest paid  $-   $- 

 

See accompanying notes to condensed consolidated financial statements.

 

F-5

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

1. DESCRIPTION OF BUSINESS AND ORGANIZATION

 

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

 

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

 

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

 

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

 

Details of the Company’s subsidiaries:

  

  Company name   Place/date of incorporation   Particulars of issued capital   Principal activities
               
1. Jocom Holdings Corp.   Labuan, January 26, 2021   100 shares of ordinary share of US$ 1 each   Data Analytic Software Solution
2. JHC Digital Sdn. Bhd.   Kuala Lumpur, June 12, 2024   10,000 shares of ordinary share of Malaysian Ringgit RM1 each   Trading of all kinds of goods online or offline, ecommerce, logistics activities, consulting services for software technology and software development.

 

For purposes of consolidated financial statement presentation, Jocom Holdings Corp. and its subsidiaries are hereinafter referred to as the “Company”.

 

F-6

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

 

The accompanying unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2025, and 2024 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) that permit reduced disclosure for interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been condensed or omitted. Operating results for the period ended March 31, 2025, are not necessarily indicative of the results that may be expected for the year ended December 31, 2025. The condensed consolidated balance sheet information as of December 31, 2024 was derived from the Company’s audited Consolidated Financial Statements as of and for the year ended December 31, 2024. These financial statements should be read in conjunction with that report.

 

The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, which the Company controls and entities for which the Company is the primary beneficiary. Acquired businesses are included in the consolidated financial statements from the date on which control is transferred to the Company. All inter-company accounts and transactions have been eliminated in the consolidation.

 

Basis of consolidation

 

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation.

 

Revenue recognition

 

The Company follows the guidance of ASC 606, “Revenue from Contracts”. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

 

The revenue generated was a service fee paid by a client to carry out data analytic services in the Southeast Asia online grocery market.

 

Use of estimates

 

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

 

Cash and cash equivalents

 

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

 

Intangible Asset

 

The Company follows the guidance according ASC Topic 350, “Testing Indefinite-Lived Intangible Assets for Impairment” paragraph 350-30-35-18, an intangible asset that is not subject to amortization shall be tested for impairment annually. There is no legal, regulatory, contractual, competitive, economic, or no foreseeable limit on the period of time over which it is expected to contribute to the cash flows of the Company, thus the useful life of the asset shall be considered to be indefinite.

 

Credit losses

 

The Company estimates and records a provision for its expected credit losses related to its financial instruments, including its trade receivables. Management considers historical collection rates, the current financial status of the Company’s customers, macroeconomic factors, and other industry-specific factors when evaluating current expected credit losses. Forward-looking information is also considered in the evaluation of current expected credit losses. However, because of the short time to the expected receipt of accounts receivable, management believes that the carrying value, net of expected losses, approximates fair value and therefore, relies more on historical and current analysis of such financial instruments, including its trade receivables.

 

Credit loss rate is determined by historical collection based on aging schedule, adjusted for current conditions using reasonable and supportable forecasts. Based on the aging categorization and the adjusted loss rate per category, an allowance for credit losses is calculated by multiplying the adjusted loss rate with the amortized cost in the respective age category.

 

F-7

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

Income taxes

 

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

 

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

 

Going Concern

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended March 31, 2025, the Company suffered an accumulated deficit of $607,486, capital deficiency of $31,527 and negative operating cash flows of $48. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

 

The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing.

 

F-8

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

Net loss per share

 

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

 

Foreign currencies translation

 

The reporting and functional currency of the Company and its subsidiaries in Labuan is United States Dollars (“US$”) which being the primary currency of the economic environment in which these entities operate.

 

In addition, the Company’s subsidiary in Kuala Lumpur, Malaysia maintains its books and record in Malaysian Ringgit (“RM”), which is the respective functional currency as being the primary currency of the economic environment in which the entity operates.

 

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.

 

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

SCHEDULE OF EXCHANGE RATES 

  

As of and for the

three months

ended

March 31, 2025

  

As of and for the

twelve months

ended December

31, 2024

 
         
Period-end RM : US$1 exchange rate   4.433    4.476 
Period-average RM : US$1 exchange rate   4.450    4.563 

 

Related parties

 

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

 

F-9

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

Fair value of financial instruments:

 

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

 

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

 

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

 

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

 

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

 

Recent accounting pronouncements

 

The Company has reviewed all recently issued, but not yet effective, considers the applicability and impact of all accounting standards updates (“ASUs”).

 

Management periodically reviews new accounting standards that are issued.

 

Accounting Standards Adopted in 2024

 

Accounting Standards Update 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures:

 

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The new standard provides improvements to reportable segment disclosure requirements through amendments that require disclosure of significant segment expenses and other segment items on an interim and annual basis and requires all annual disclosures about a reportable segment’s profit or loss and assets to be made on an interim basis. The standard also requires the disclosure of the chief operating decision maker’s (“CODM”) title and position and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. The standard also clarifies that if the CODM uses more than one measure in assessing segment performance and deciding how to allocate resources, a company may report the additional segment profit or loss measure(s) and that companies with a single reportable segment must provide all disclosures required by this amendment. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The standard should be applied retrospectively to all prior periods presented in the financial statements.

  

During the fourth quarter of 2024, we adopted ASU 2023-07 and enhanced our segment disclosures in line with the new guidance. The adoption had no effect on our consolidated financial statements.

 

Accounting Standards not yet Adopted

 

Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures:

 

In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” to expand the disclosure requirements for income taxes, specifically related to the rate reconciliation and income taxes paid. The ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of this ASU may have on its unaudited condensed consolidated financial statements and related disclosures.

 

The Company does not expect that any other recently issued accounting pronouncements will have a significant effect on its condensed consolidated financial statements.

 

Accounting Standards Update 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses:

 

In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses. The new standard requires entities to disclose additional information about certain expenses, such as purchases of inventory, employee compensation, depreciation, intangible asset amortization, as well as selling expenses included in commonly presented expense captions on the income statement. The FASB further clarified the effective date in January 2025 with the issuance of ASU 2025-01, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. The ASU is effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Companies have the option to apply this guidance either on a retrospective or prospective basis, and early adoption is permitted.

 

The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements and related disclosures.

 

F-10

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

3. COMMON STOCK

 

On January 8, 2021, the Company issued 100,000 shares of restricted common stock, with a par value of $0.0001 per share, to Ms. Agnes in consideration of $10. The $10 in proceeds went to the Company to be used as working capital. Ms. Agnes serves as our Chief Financial Officer, President, Secretary, Treasurer and as member of our Board of Directors.

 

On May 1,2021 the Company issued 18,900,000 shares of restricted common stock, with a par value of $0.0001 per share, to Ms. Agnes in consideration of $1,890. The $1,890 in proceeds went to the Company to be used as working capital.

 

On May 1, 2021 the Company issued 19,000,000 shares of restricted common stock to Mr. Joshua with a par value of $0.0001 per share, in consideration of $1,900. The $1,900 in proceeds went to the Company to be used as working capital.

 

On June 1, 2021 the Company issued 8,500,000 shares of restricted common stock to SEATech Ventures Corp. with a par value of $0.0001 per share, in consideration of $850. The $850 in proceeds went to the Company to be used as working capital.

 

On June 1, 2021 the Company issued 5,500,000 shares of restricted common stock to JTalent Sdn. Bhd with a par value of $0.0001 per share, in consideration of $550. The $550 in proceeds went to the Company to be used as working capital.

 

On June 1, 2021 the Company issued 1,500,000 shares of restricted common stock to GreenPro Venture Capital Limited with a par value of $0.0001 per share, in consideration of $150. The $150 in proceeds went to the Company to be used as working capital.

 

On June 1, 2021, the Company issued 500,000 shares of restricted common stock to GreenPro Asia Strategic SPC - GreenPro Asia Strategic Fund SP with a par value of $0.0001 per share, in consideration of $50. The $50 in proceeds went to the Company to be used as working capital.

 

Between the period of June 20, 2021 to July 20, 2021, the Company issued 2,300,000 shares of restricted common stock to 23 foreign parties, all of which do not reside in the United States. A total of 2,300,000 shares of restricted common stock were sold at a price of $0.10 per share. The total proceeds to the Company amounted to a total of $230,000 went to the Company to be used as working capital.

 

Between the period of July 25, 2021 to September 10, 2021, the Company issued 1,300,000 shares of restricted common stock to 26 foreign parties, all of which do not reside in the United States. A total of 1,300,000 shares of restricted common stock were sold at a price of $0.20 per share. The total proceeds to the Company amounted to a total of $260,000 went to the Company to be used as working capital.

 

Between the period of January 1, 2023 to September 15, 2023, the Company issued 80,500 shares of common stock to 16 foreign parties, all of which do not reside in the United States. A total of 80,500 shares of common stock were sold at a price of $1.00 per share. The total proceeds to the Company amounted to a total of $80,500 went to the Company to be used as working capital.

 

As of March 31, 2025 and December 31, 2024 the Company has an issued and outstanding common share of 57,680,500 and 57,680,500.

 

F-11

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

4. INTANGIBLE ASSET

  

  

As of

March 31, 2025

(Unaudited)

  

As of

December 31, 2024

(Audited)

 
At cost:  $1   $1 
AI Smart Platform  $1   $1 

 

5. CASH AND CASH EQUIVALENTS

 

As of March 31, 2025, and December 31, 2024, the Company recorded cash and cash equivalents of $2,450 and $,2481 respectively which consists of cash on hand and bank balances.

 

F-12

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

6. DEPOSITS AND PREPAYMENT

 

Deposits and prepayment consisted of the following as of March 31, 2025, and December 31, 2024.

  

   As of
March 31, 2025
(Unaudited)
   As of
December 31, 2024
(Audited)
 
Deposits   -    369 
Prepayment   3,517    5,421 
Total deposits and prepayment  $3,517   $5,790 

 

As of March 31, 2025 and December 31, 2024, total deposits paid were $Nil and $369 which mainly from the deposit of rental security and utilities for the increase of lease rental. The prepayment as of March 31, 2025 and December 31, 2024 was $3,517 and $5,421 respectively.

 

7. OTHER PAYABLES AND ACCRUALS

 

Other payables and accruals consisted of the following as of March 31, 2025, and December 31, 2024.

  

  

As of

March 31, 2025

(Unaudited)

  

As of

December 31, 2024

(Audited)

 
Other payables  $28,344   $52,127 
Accruals  $7,771   $17,307 
Total other payables and accruals  $36,115   $69,434 

 

As of March 31, 2025, and December 31, 2024, other payables of $5,291 and $26,464 were related party balances. The amount is unsecured, interest-free and repayable on demand.

 

F-13

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

8. AMOUNT DUE TO DIRECTORS

 

Amount due to directors consisted of the following as of March 31,2025, and December 31, 2024.

  

  

As of

March 31, 2025

(Unaudited)

  

As of

December 31, 2024

(Audited)

 
Amount due to directors  $-   $6,019 
Total amount due to directors  $-   $6,019 

 

As of March 31, 2025, and December 31, 2024, the amount of $Nil and $6,019 were mainly due to expenses paid by directors. The amount is unsecured, interest-free and repayable on demand.

 

9. INCOME TAXES

 

For the three months ended March 31,2025 and 2024, the local (United States) and foreign components of profit/(loss) before income taxes were comprised of the following:

  

   For the three ended
March 31, 2025
   For the three months ended
March 31, 2024
 
Tax jurisdictions from:          
Local  $(3,864)   (19,976)
Foreign, representing          
- Labuan  $42,166    15,618 
- Malaysia (other than Labuan)  $(1,260)   - 
Profit/ (loss) before income tax  $37,042    (4,358)

 

The provision for income taxes consisted of the following:

  

    

For the three months
ended

March 31, 2025

    

For the three months
ended

March 31, 2024

 
           
Current:          
- Local  $-   $- 
-Foreign   -    - 
Income tax expense  $-   $- 

 

The effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States and Malaysia including Labuan that are subject to taxes in the jurisdictions in which they operate, as follows:

 

United States of America

 

The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of March 31, 2025, the operations in the United States of America incurred $602,595 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carry forwards begin to expire in 2041, if unutilized.

 

Labuan

 

Under the current laws of the Labuan, Jocom Holdings Corp.is governed under the Labuan Business Activity Act, 1990. The tax charge for such company is based on 3% of net audited profit.

 

Malaysia (Other than Labuan)

 

Under the current laws of Malaysia, JHC Digital Sdn. Bhd. is governed under the Income Tax Act, 1967. The tax charge for such company is based on 24% of net audited profit.

 

F-14

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

10. RELATED PARTY TRANSACTIONS

  

  

For the three months ended

March 31, 2025 (Unaudited)

  

For the twelve months ended

December 31, 2024 (Audited)

 
Jocom MShopping Sdn. Bhd.1          
- Revenue  $-   $6,000 
           
Khoo Ghi Geok 2          
- Accounting Fee  $3,361   $10,500 

 

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

 

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

 

11. COMMITMENTS AND CONTINGENCIES

 

As of March 31, 2025, the Company has no commitments or contingencies involved.

 

12. CONCENTRATION OF RISK

 

The Company is exposed to the following concentration of risk:

 

(a) Major customers

 

For the three months ended March 31, 2025 and 2024, the customers who accounted for 10% or more of the Company’s revenues and its accounts receivable balance at year/period-end are presented as follows:

  

   For the three months ended March 31, 2025   For the three months ended March 31, 2024 
   Revenue   Percentage of revenue   Account Receivable-Trade   Revenue   Percentage of revenue   Account Receivable-Trade 
                         
Customer A  $-    -%  $-   $6,000    100%  $12,000 
   $-    -%  $-   $6,000    100%  $12,000 

 

F-15

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

(b) Major suppliers

 

For the three months ended March 31, 2025, and 2024, there is no vendor who accounted for 10% or more of the Company’s purchase and the accounts payable balances at period-end.

 

(c) Credit risk

 

Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its trade receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

 

(d) Exchange rate risk

 

The Company cannot guarantee that the current exchange rate will remain stable, therefore there is a possibility that the Company could post the same amount of income for two comparable periods and because of the fluctuating exchange rate actually post higher or lower income depending on exchange rate of RM converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

 

13. SEGMENT INFORMATION

 

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

 

The Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

 

By Business Unit:

 

   Investment Holding   Software Solution   Total 
   For the three months ended March 31, 2025 
   Investment Holding   Software Solution   Total 
             
Revenue  $-   $-   $- 
Cost of revenue   -    -    - 
Depreciation and amortization  $-   $-   $- 
Net profit/(loss) before taxation  $(5,124)  $42,166   $37,042 
                
Total assets  $3,517   $2,451   $5,968 

 

   Investment Holding   Software Solution   Total 
   For the three months ended March 31, 2024 
   Investment Holding   Software Solution   Total 
             
Revenue   -   $6,000   $6,000 
Cost of revenue   -    -    - 
Depreciation and amortization   -   $-   $- 
Net profit/ (loss) before taxation  $(19,976)  $15,618   $(4,358)
                
Total assets  $-   $12,464   $12,464 

 

By Geography:

 

   US   Malaysia   Total 
   For the three months ended March 31, 2025 
   US   Malaysia   Total 
             
Revenue  $-   $-   $- 
Cost of revenue   -    -    - 
Depreciation and amortization  $-   $-   $- 
Net profit/ (loss) before taxation  $(3,864)  $40,906   $37,042 
                
Total assets  $3,517   $2,451   $5,968 

 

F-16

 

 

JOCOM HOLDINGS CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

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

(UNAUDITED)

 

   US   Malaysia   Total 
   For the three months ended March 31, 2024 
   US   Malaysia   Total 
             
Revenue   -    6,000    6,000 
Cost of revenue   -    -    - 
Depreciation and amortization   -    -    - 
Net profit/ (loss) before taxation  $(19,976)  $15,618   $(4,358)
                
Total assets  $-   $12,464   $12,464 

 

* Revenues and costs are attributed to countries based on the location of customers.

 

14. SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2025 up through the date the Company issued the audited consolidated financial statements. During this period, there was no subsequent event that required recognition or disclosure.

 

F-17

 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

The information contained in this quarter report on Form 10-Q is intended to update the information contained in our Form 10-K, dated April 8, 2024, for the period ended March 31, 2025 and presumes that readers have access to, and will have read, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form S-1. The following discussion and analysis also should be read together with our consolidated financial statements and the notes to the consolidated financial statements included elsewhere in this Form 10-Q.

 

The following discussion contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Form 10-K in the section entitled “Risk Factors” for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this transition report on Form 10-Q. The following should also be read in conjunction with the unaudited Condensed Consolidated Financial Statements and notes thereto that appear elsewhere in this report.

 

Company Overview

 

Jocom Holdings Corp., a Nevada Corporation, is a company that operates through its wholly owned subsidiary, Jocom Holdings Corp., a Company organized in Labuan, Malaysia. The Nevada and, Malaysia corporations share the same exact business plan.

 

We currently provide data analytic services, which cover customer behavior and predictive customer analysis, to, at present, one client. Our present client, a Malaysia company named Jocom Mshopping Sdn Bhd, who is a related party, runs an e-commerce platform operator located in Malaysia. Our inhouse data analytic software solution, namely “JOCOM AI Smart Platform”, is developed by our CEO, Mr. Sew, through his past experience in software development and the fresh grocery industry. JOCOM AI Smart Platform is a subscription based web software. Via our wholly owned subsidiary, Jocom Holdings Corp., we own the rights to a propriety analytics platform, “JOCOM AI SMART PLATFORM”, referred to herein as “the Software”, which analyzes buying patterns and customer behaviors of consumers of grocery items within Malaysia. We also have an interface that allows users to purchase and schedule grocery delivery. Our Software is able to integrate on our interface and analyze data from the interface. Amongst other things, the Software can analyze customer behaviors, predict customers behaviors, and optimize product placement.

 

3

 

 

Results of Operation

 

For the three months ended March 31, 2025 and March 31, 2024

 

Revenues

 

The Company generated revenue of $Nil and $6,000 for the three months ended March 31, 2025 and 2024 respectively. The revenue was a result of a service fee paid by a client to carry out data analytic services on the Southeast Asian online grocery market via our software solution..

 

Cost of Revenue and Gross Profit

 

For the three months ended March 31, 2025 and 2024, the Company did not have any cost of revenue. The Company generated gross profits of $Nil and $6,000 respectively for the three months ended March 31, 2025 and 2024.

 

Other Income

 

For the three months ended March 31, 2025 and 2024, the Company generated other income of $56,209 and $11,886 from waiver given on liabilities and foreign currency variations.

 

General and administrative expenses

 

General and administrative expenses for the three months ended March 31, 2025 and 2024 amounted to $19,167 and $22,244 respectively.

 

Net Loss

 

The net profit was $37,042 for the three months ended March 31, 2025 as compared to net loss of $4,358 for the three months ended March 31, 2024. The decrease in net loss was mainly from the waiver given on liabilities.

 

Liquidity and Capital Resources

 

As of March 31, 2025, we had cash and cash equivalents of $2,450 as compared to $113 as of March 31, 2024. We expect increased levels of operations going forward will result in more significant cash flow.

 

We depend substantially on financing activities to provide us with the liquidity and capital resources we need to meet our working capital requirements and to make capital investments in connection with ongoing operations.

 

Cash Used In Operating Activities

 

For the three months ended March 31, 2025 and 2024 net cash used in operating activities was $48 and $21. The cash used in operating activities was mainly for payment of general and administrative expenses.

 

Cash Used In Investing Activity

 

For the period from January 1, 2025 to March 31, 2025 and for the period from January 1, 2024 to March 31, 2024, there was no cash used for the investing activity.

 

Cash Used in Financing Activity

 

For the period from January 1, 2025 to March 31, 2025, there was no cash used for the financing activity.

For the period from January 1, 2024 to March 31, 2024, there was no cash used for the financing activity.

 

Credit Facilities

 

We do not have any credit facilities or other access to bank credit.

 

Off-balance Sheet Arrangements

 

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of March 31, 2025.

 

Recent Accounting Pronouncements

 

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

 

4

 

 

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

 

ITEM 4 CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures:

 

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

 

We carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer, of the effectiveness of our disclosure controls and procedures as of March 31, 2025. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our chief executive officer concluded that our disclosure controls and procedures were not effective. The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (i) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (ii) inadequate segregation of duties and effective risk assessment; (iii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines; and (iv) lack of internal audit function due to the fact that the Company lacks qualified resources to perform the internal audit functions properly and that the scope and effectiveness of the internal audit function are yet to be developed. The aforementioned material weaknesses were identified by our chief executive officer in connection with the review of our financial statements as of March 31, 2025.

 

Changes in Internal Control over Financial Reporting:

 

There were no changes in our internal control over financial reporting during the quarter ended March 31, 2025, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

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PART II — OTHER INFORMATION

 

Item 1. Legal Proceedings

 

We know of no materials, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any beneficial shareholder are an adverse party or has a material interest adverse to us.

 

Item 1A. Risk Factors.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

None.

 

Item 3. Defaults Upon Senior Securities

 

None

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information.

 

None.

 

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ITEM 6. Exhibits

 

Exhibit No.   Description
     
31.1   Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer*
     
32.1   Section 1350 Certification of principal executive officer *
     
101.INS   Inline XBRL Instance Document*
     
101.SCH   Inline XBRL Schema Document*
     
101.CAL   Inline XBRL Calculation Linkbase Document*
     
101.DEF   Inline XBRL Definition Linkbase Document*
     
101.LAB   Inline XBRL Label Linkbase Document*
     
101.PRE   Inline XBRL Presentation Linkbase Document*
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

* Filed herewith.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Jocom Holdings Corp.
  (Name of Registrant)
   
Date: May 20, 2025    
  By: /s/ SEW WEN CHEAN
  Title: Chief Executive Officer, Director

 

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