Financial Performance - Brokerage services generated revenue of S$3,731,586, S$3,072,060, and S$2,817,930, representing 85.2%, 43.7%, and 56.3% of total revenue for the years ended December 31, 2021, 2022, and 2023 respectively[37]. - The company recorded negative cash flow from operating activities of S$1,812,064, S$3,106,317, and S$4,854,939 (US$3,679,937) as of December 31 for the years 2021, 2022, and 2023 respectively[46]. - The company experienced an 8.0% decline in revenue for the financial year 2023 compared to 2022, with a 22.9% decline in the total number of transactions for both HDB and private properties in Singapore for the financial year 2022 compared to 2021[115]. - There was a 23.9% decline in the number of property transactions in the Brokerage Services segment in financial year 2023 compared to financial year 2022[116]. - For the financial year ended December 31, 2023, the company generated revenue of approximately S$5.0 million, representing an annual decline of 28.3%[201]. - Revenue from brokerage services constituted 56.3% of total revenue for the financial year ended December 31, 2023, while emerging and other services accounted for 26.6% and newly acquired property management services for 16.8%[201]. Operational Risks - The company faces significant risks related to maintaining relationships with third-party business partners, which are essential for providing a comprehensive property platform[43]. - The competitive landscape is evolving, with numerous service providers competing for market share, which may impact the company's profitability and market position[49]. - The company anticipates increased operating costs and expenses as it continues to grow, which may affect its ability to achieve profitability[47]. - The company may not be able to generate profit in the future, exposing it to liquidity risks due to net current liabilities and negative cash flow[46]. - The company relies on external financing for heavy construction equipment purchases, making it vulnerable to disruptions in global credit markets[41]. - The company is affected by the property market dynamics, particularly in Singapore, which has been a major source of income[73]. - A decrease in property transaction volumes can lead to reduced revenue from brokerage services and related offerings[74]. - The company incurs higher operational costs due to its employment model compared to traditional brokerage firms, impacting financial performance[65]. - The company's real estate brokerage business is significantly affected by mortgage approval levels, which have decreased considerably in Singapore since the introduction of the TDSR framework in 2013[75]. - The company faces potential disruptions in supply for emerging services, which could increase operating costs and adversely affect financial performance[105]. - Adverse macroeconomic conditions, such as rising interest rates and inflation, could significantly reduce property transaction volumes and revenue[114]. Technology and Innovation - The company is heavily reliant on technological advancements and must continuously innovate to meet evolving industry standards and customer expectations[53]. - Significant investments in technology development are necessary, but there are risks of delays and inability to recoup costs if customer demand decreases[54]. - The company relies on third-party technology and software, such as Amazon Web Services, and does not have long-term agreements, which may lead to disruptions if licenses are not renewed on favorable terms[89]. - The company utilizes open source software, which poses risks of liability and security vulnerabilities if compliance with licensing terms is not maintained[92]. - Errors or inaccuracies in the company's business data and algorithms could adversely affect business decisions and customer experience, potentially leading to misallocation of resources[95]. - The performance and reliability of the online platform are critical, with potential system interruptions leading to reduced transaction volumes and customer dissatisfaction[59]. Market Strategy - The company’s ability to attract home buyers and sellers to its online platform is crucial for its growth strategy, which may be hindered by competition and market conditions[30]. - The company's growth strategy depends on attracting home buyers and sellers to its online platform through effective marketing efforts[55]. - Marketing initiatives may face challenges such as changes in search engine algorithms and increased competition, potentially reducing customer acquisition efficiency[56]. - The company relies on internet search engines and mobile application stores for traffic, and fluctuations in rankings can adversely affect website visits and customer numbers[58]. - The company aims to expand market share, enhance service efficiency, and develop technology to improve data insights and customer experience[101]. - The company’s growth strategies include expanding service offerings and geographical market reach, but these plans are subject to significant risks and challenges[109]. Compliance and Regulatory Issues - Compliance with real estate regulations is mandatory, and failure to maintain licenses could result in significant operational impacts[68]. - The evolving privacy regulations may increase operating costs and compliance risks, potentially harming the company's reputation and financial condition[78]. - The company is subject to legal and regulatory proceedings that could materially impact its business and financial condition[111]. - The company is subject to evolving laws and regulations, which may increase compliance costs and affect business operations as it expands into new markets[170]. Corporate Structure and Governance - The company was incorporated in the Cayman Islands on July 19, 2022, with an authorized share capital of US$500,000 divided into 500,000,000 Ordinary Shares[178]. - The company is classified as a foreign private issuer, exempt from certain U.S. securities regulations, which may result in less timely and extensive information for investors[151]. - The company must file an annual report on Form 20-F within four months of the fiscal year-end, but the information provided will be less extensive than that required for U.S. domestic issuers[152]. - The company may lose its foreign private issuer status, leading to significant additional costs and compliance requirements[153]. - The company may be classified as a passive foreign investment company (PFIC), which could result in adverse tax consequences for U.S. taxpayers holding its securities[154]. - The company plans to rely on home country corporate governance practices, potentially affording shareholders less protection than U.S. regulations[148]. - Shareholders of Cayman Islands exempted companies have no general rights to inspect corporate records, making it difficult to obtain necessary information for shareholder resolutions[147]. Acquisitions and Investments - The company completed the acquisition of 100% of the issued share capital of Simply for a total consideration of S$4,712,000 on October 6, 2023[182]. - The company signed a non-binding memorandum of understanding to potentially invest in or acquire Ohmyhome Property Inc. in the Philippines[203]. - The company has entered into a debt purchase agreement to acquire a debt of US$1,986,287.50 from Ohmyhome Property Inc., with a 5.0% interest rate[205]. - The company has received a Letter of Offer for a working capital loan of S$432,000 (US$327,397) with a loan term of 5 years at an interest rate of 7.50% per annum[210]. Customer Engagement and Services - The company operates a one-stop-shop property platform providing end-to-end property solutions and services for both the HDB and private property markets[197]. - The online platform allows home sellers to list properties for free and home buyers to view listings freely, with databases for HDB units, condominiums, and other private properties[222]. - The AI chatbot enables customers to input property preferences and receive a curated list of recommended properties for free, enhancing the property search experience[224]. - Customers can choose to self-transact or engage Super Agents for assistance in property transactions[223]. - The company verifies the authenticity of listings through on-site visits by Super Agents and integration with SingPass, a government-administered digital identity database in Singapore[222]. Human Resources - The company is heavily reliant on Super Agents and third-party service providers to maintain service quality, which is critical for customer satisfaction and retention[36]. - The company’s compensation model for Super Agents may be unattractive compared to traditional models, impacting the ability to attract and retain talent[103]. - Key management personnel, including the CEO and COO, are critical to the company's success, and their loss could materially impact business operations[100]. - On average, in 2023, Super Agents completed approximately 47 transactions per month through the platform[219].

Financial Data and Key Metrics Changes - In 2023, the total operating revenues were S$5 million (US$3.79 million), with a gross profit of S$1.7 million (US$1.3 million) and a net loss of S$5.5 million (US$4.1 million), resulting in a loss per share of S$0.26 (US$0.20) [7] - Adjusted EBITDA for 2023 was negative S$4 million (negative US$3 million) [7] - The company expects substantial triple-digit revenue growth in 2024 [9][36] Business Line Data and Key Metrics Changes - The brokerage business constituted around 53% of total revenue, renovation accounted for approximately 27%, and property management was a new segment contributing the rest [85] - The property management segment is expected to grow significantly due to synergies with the brokerage and renovation businesses [86] Market Data and Key Metrics Changes - The Singapore property market faced notable declines in 2023, influenced by government cooling measures [26] - The company has acquired a property management company, which provides a direct user base of over 6,700 units, growing at a 58% CAGR since inception [39] Company Strategy and Development Direction - The company aims to become a comprehensive property services platform, leveraging technology to enhance efficiency and customer experience [24][76] - Future strategies include increasing market share in existing markets, expanding geographically, and enhancing service offerings to become a property super app [76][79] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2023 but emphasized that these setbacks laid the groundwork for a turnaround in 2024 [8] - The company is committed to achieving adjusted EBITDA breakeven by Q4 2024 [36][120] Other Important Information - The company has a shareholding structure where founders hold 36.9%, insiders 7.8%, and public shareholders 55.2% [10] - The last closing price of the stock was US$0.77, significantly lower than the IPO price of US$4 [28] Q&A Session Summary Question: Could you provide insights on the revenue growth from your three major segments? - Management indicated that all three segments (brokerage, renovation, and property management) are expected to grow significantly, particularly brokerage and renovation due to synergies [85][86] Question: How does the company plan to engage condominium owners for upselling? - The company utilizes a tech-based approach, with residents interacting through an app for various services, minimizing the need for human intervention [104] Question: What is the company's strategy for partnerships to increase customer acquisition? - Management highlighted collaborations with influencers and media to promote the company and its products, including Homer AI [90][107] Question: How does the company plan to achieve profitability as revenue grows? - Management assured that costs will not grow as fast as revenue due to prior investments in technology, leading to strong gross margins [110][111] Question: Are there any plans for another securities offering in 2024? - Currently, there are no plans for another securities offering [115]

OHMYHOME LIMITED UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS | | December 31, | June 30, | June 30, | | --- | --- | --- | --- | | | 2022 | 2023 | 2023 | | ASSETS | SGD | SGD | USD | | Current assets | | | | | Cash and cash equivalents | 301,433 | 6,348,186 | 4,694,362 | | Accounts receivable, net | 243,716 | 216,324 | 159,967 | | Prepayments | 51,774 | 127,969 | 94,630 | | Amount due from a shareholder | - | - | - | | Other current assets, net | 6,613 | 299,142 | 221,209 | | Total current assets ...

Exhibit 99.1 Ohmyhome Records over 60% Revenue Growth in 2022 Singapore, April 27, 2023 — Ohmyhome Ltd. (NASDAQ: OMH) today announces the following results for the year ended December 31, 2022, as compared to the corresponding period of last fiscal year: Rhonda Wong, CEO of Ohmyhome, expressed satisfaction with the results, saying "We are pleased with our business performance in 2022. Despite the industry wide decline in market transactions by more than 20% in Singapore, our technology continues to increase ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR For the transition period from to Commission file number: 001-41647 Ohmyhome Limited (Exact name of Registrant as specified in its charter) Cayman Islands (Jurisdiction of incorporati ...