SUBSEQUENT EVENTS (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2024

Dec. 31, 2023

Seamless Group Inc. [Member]

SCHEDULE OF PRINCIPAL SUBSIDIARIES

The Company’s principal subsidiaries at March 31, 2024 are set out below:

			Percentage of ownership held by the Company
Company Name	Place of incorporation	Principal activities	Directly			Indirectly
Dynamic Investment Holdings Limited	Cayman Islands	Investment holding		100	%		—
Dynamic (Asia) Group Inc.	British Virgin Islands	Investment holding		—			100	%
TNG (Asia) Limited	Hong Kong	Provision of mobile electronic wallet		100	%		—
Tranglo Sdn. Bhd.	Malaysia	Provision of international airtime reload, international money transfer services, its related implementation, technical and maintenance services		—			60	%
未來網絡科技投資股份有限公司	Taiwan	Investment holding		—			100	%
GEA Holdings Limited	Cayman Islands	Investment holding		—			100	%
GEA Limited	Hong Kong	Operating a global fund transfer platform for financial institutions, e-wallet operators and other participants		—			100	%
GEA Pte Ltd.	Singapore	Transaction and payment processing services		—			100	%
Bagus Fintech Pte. Ltd.	Singapore	Providing business center services		—			100	%
Dynamic (Asia) Holdings Limited	Cayman Islands	Investment holding		—			100	%
Dynamic FinTech Group (HK) Limited	Hong Kong	Provision of corporate governance consultancy, management and advisory services		—			100	%
Tranglo Holdings Limited	Cayman Islands	Investment holding		—			100	%
The WSF Group Holdings Limited	British Virgin Islands	Investment holding		—			100	%
The Wall Street Factory Limited	Hong Kong	Providing business center services		—			100	%
Bagus Financial Services Limited	Hong Kong	Provision of IR services and PR function events		—			100	%

SEAMLESS GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1 Organization and business (Continued)

			Percentage of ownership held by the Company
Company Name	Place of incorporation	Principal activities	Directly		Indirectly
PT Tranglo Indonesia	Indonesia	Operating money remittance business		—		60	%
PT Tranglo Solusindo	Indonesia	Providing and sourcing airtime and other related services		—		60	%
Tranglo (MEA) Limited	Hong Kong	Providing and sourcing airtime and other related services		—		60	%
Tranglo Europe Ltd	United Kingdom	Operating money remittance business		—		60	%
Tranglo Pte. Ltd.	Singapore	Operating money remittance business		—		60	%
Tik FX Malaysia Sdn. Bhd.	Malaysia	Dormant		—		60	%
Treatsup Sdn. Bhd.	Malaysia	Research, development and commercialisation of Treatsup application and provision of implementation, technical services and maintenance related to the application		—		60	%
Dynamic Indonesia Holdings Limited	Cayman Islands	Investment holding		—		59.2	%
Dynamic Indonesia Pte. Ltd.	Singapore	Retail sales via the internet and development of other software and programming activities		—		49.8	%
PT Dynamic Wallet Indonesia	Indonesia	Business operations have not commenced		—		49.9	%
PT Walletku Indompet Indonesia	Indonesia	(i) Retail commerce through media, for textile commodities, clothing, footwear and personal needs, (ii) web portal and/or digital platforms for commercial purposes, and (iii) software publisher		—		49.9	%

The Company’s principal subsidiaries at December 31, 2023 are set out below:

			Percentage of ownership held by the Company
Company Name	Place of incorporation	Principal activities	Directly			Indirectly
Dynamic Investment Holdings Limited	Cayman Islands	Investment holding		100	%		—
Dynamic (Asia) Group Inc.	British Virgin Islands	Investment holding		—			100	%
TNG (Asia) Limited	Hong Kong	Provision of mobile electronic wallet		100	%		—
Tranglo Sdn. Bhd.	Malaysia	Provision of international airtime reload, international money transfer services, its related implementation, technical and maintenance services		—			60	%
未來網絡科技投資股份有限公司	Taiwan	Investment holding		—			100	%
GEA Holdings Limited	Cayman Islands	Investment holding		—			100	%
GEA Limited	Hong Kong	Operating a global fund transfer platform for financial institutions, e-wallet operators and other participants		—			100	%
GEA Pte Ltd.	Singapore	Transaction and payment processing services		—			100	%
Bagus Fintech Pte. Ltd.	Singapore	Providing business center services		—			100	%
Dynamic (Asia) Holdings Limited	Cayman Islands	Investment holding		—			100	%
Dynamic FinTech Group (HK) Limited	Hong Kong	Provision of corporate governance consultancy, management and advisory services		—			100	%
Tranglo Holdings Limited	Cayman Islands	Investment holding		—			100	%
The WSF Group Holdings Limited	British Virgin Islands	Investment holding		—			100	%
The Wall Street Factory Limited	Hong Kong	Providing business center services		—			100	%
Bagus Financial Services Limited	Hong Kong	Provision of IR services and PR function events		—			100	%

SEAMLESS GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

1 Organization and business (Continued)

			Percentage of ownership held by the Company
Company Name	Place of incorporation	Principal activities	Directly		Indirectly
PT Tranglo Indonesia	Indonesia	Operating money remittance business		—		60	%
PT Tranglo Solusindo	Indonesia	Providing and sourcing airtime and other related services		—		60	%
Tranglo (MEA) Limited	Hong Kong	Providing and sourcing airtime and other related services		—		60	%
Tranglo Europe Ltd	United Kingdom	Operating money remittance business		—		60	%
Tranglo Pte. Ltd.	Singapore	Operating money remittance business		—		60	%
Tik FX Malaysia Sdn. Bhd.	Malaysia	Dormant		—		60	%
Treatsup Sdn. Bhd.	Malaysia	Research, development and commercialisation of Treatsup application and provision of implementation, technical services and maintenance related to the application		—		60	%
Dynamic Indonesia Holdings Limited	Cayman Islands	Investment holding		—		59.2	%
Dynamic Indonesia Pte. Ltd.	Singapore	Retail sales via the internet and development of other software and programming activities		—		49.8	%
PT Dynamic Wallet Indonesia	Indonesia	Business operations have not commenced		—		49.9	%
PT Walletku Indompet Indonesia	Indonesia	(i) Retail commerce through media, for textile commodities, clothing, footwear and personal needs, (ii) web portal and/or digital platforms for commercial purposes, and (iii) software publisher		—		49.9	%