35 unchanged sentences
The Company also offers its services through its app, Gagfare.
−Removed: Nemo Holding’s principal administrative office is located at Room 150 Cecil Street #08-01 Singapore 069543, and our telephone number is +65 3105 1428.
+Added: Nemo Holding’s principal administrative office is located at 150 Cecil Street Singapore 069543, and our telephone number is +65 3105 1428.
Our website is www.gagfare.com.
8 unchanged sentences
Travelers don’t have to pay the rest of the fare until closer to their travel date.
+Added: Platform is undergoing upgrade and estimated to be done by end of 2025.
The business mission of Gagfare is to let customers to “get a good fare.” Gagfare taps into multiple global distribution systems specifically for flight reservations, enables customers to be able to search and book their flights directly in the airlines’ own reservation systems.
11 unchanged sentences
Revenue and User Model
−Removed: Gagfare plans that its revenue will be derived from online flight ticket booking and ticket issuance.
+Added: Gagfare’s revenue will be derived from online flight ticket booking and ticket issuance.
For each advance booking that a user makes through the Gagfare’s state of the art book-now-pay-later solution, a non-refundable $2.00 booking fee is paid to Gagfare.
The booking fee will not be applied towards the flight ticket payment at ticket issuance.
−Removed: When user has decided to issue the booked flight plan, full payment for the tickets will be made for ticket issuance.
+Added: When user has decided to proceed with the booked flight plan, full payment for the tickets will be made for ticket issuance.
Gagfare may still get a market ticket price margin from the ticket issuance transactions, depending on the type of ticket offering from the ticket source which the user has chosen.
Gagfare will also provide advertising spots on the web and mobile application platforms, for travel related businesses to advertise on the platforms, which will bring a stream of advertising income to the platform.
−Removed: While the technology is already developed and operational, Gagfare will later expand into the other ticketing markets, include travel packages, cruises, trains and buses, hotel rooms, theme parks, sports and even tickets, apply similar search, book and buy ticket business model and mechanisms which is already applied to flight tickets.
+Added: While the technology is already developed, Gagfare is currently undergoing an upgrade and will later expand into the other ticketing markets, including travel packages, cruises, trains and buses, hotel rooms, theme parks, sports and apply similar search, book and buy ticket business model and mechanisms which is already applied to flight tickets.
Intellectual Property
1 unchanged sentence
We do not own any patents.
−Removed: Pursuant to a Cooperation Agreement, dated February 1, 2016, by and between Gagfare Limited, a Hong Kong corporation and wholly owned subsidiary of the Company, and JJ Explorer Tours Limited, a Hong Kong corporation (“JJ Explorer”), controlled by Leung Tin Lung David, JJ Explorer develops and maintains website and mobile application platforms the Company uses in the operation of its business in exchange for 50% of the net earnings the Company earns through its Gagfare website and mobile application platforms for a term of five years.
−Removed: On January 31, 2021, JJ Explorer agreed to extend the term of additional 5 years up January 31, 2026.
−Removed: This agreement was terminated on February 28, 2022 and simultaneously, on the same date, a Cooperation Agreement was signed between JJ Explorer and New Momentum Asia Pte., Ltd.
−Removed: (“NMAPL”), a wholly owned subsidiary of the Company.
−Removed: Whilst the role of JJ Explorer remained the same, NMAPL was responsible to develop global marketing and business operations of the platform.
−Removed: The agreement provided for the sharing of the net earnings derived through the platform to be shared at 50% with JJ Explorer at the end of the term of the agreement in five (5) years.
−Removed: The agreement, nevertheless was also terminated on October 31, 2022.
Government Regulation and Approvals
9 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.