What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2021-03-30 compared with 2020-03-30 · 39 added, 39 removed, 388 unchanged (17% of the section changed)

13 unchanged sentences

Company’s subsidiaries:

incorporation

of issued capital

of ownership interest and voting power held

Place and date

of incorporation

Particulars of issued capital

Principal activities

Proportional of ownership interest and voting power held

SEATech Ventures Corp.

3 unchanged sentences

SEATech Ventures (HK) Limited

Hong Kong / January 30, 2018

January 30, 2018

1 ordinary share

Business mentoring, nurturing and incubation,

and corporate development advisory services

Business mentoring, nurturing and incubation, and corporate development advisory services

Ventures Corp.

2 unchanged sentences

the information and communication technology industry.

We also provides corporate event and roadshow services to our client.

We will primarily focus our efforts on nurturing ICT entrepreneurs in Asia.

Our advisory services will center on our “ICT

Start-Up Mentorship Program”, which is designed to assist tech-based entrepreneurs in solving ICT industry pain points caused

by technical insufficiencies, inappropriate financial modelling and weak strategic positioning within a competitive environment.

The program aims to improve the technical exposure of our clients and to improve their sustainability in the ICT industry community

through a combination of mentorship programs.

Currently, our clients are mainly Malaysia based ICT companies, with others based

in Indonesia and Thailand.

Our advisory services will center on our “ICT Start-Up Mentorship Program”, which is designed to assist tech-based

entrepreneurs in solving ICT industry pain points caused by technical insufficiencies, inappropriate financial modelling and weak

strategic positioning within a competitive environment.

The program aims to improve the technical exposure of our clients and

to improve their sustainability in the ICT industry community through a combination of mentorship programs.

Currently, our clients

are mainly Malaysia based ICT companies, with others based in Indonesia and Thailand.

Industry in Asia

25 unchanged sentences

regulatory environment, and business readiness of using information technology.

2 The ICT sector of Hong

Kong is among the most advanced in the world.

According to the annual global ICT Development Index published by ITU in November

2017, Hong Kong ranked second in Asia after Korea, and sixth in the world.

2 The ICT sector of Hong Kong is among

the most advanced in the world.

According to the annual global ICT Development Index published by ITU in November 2017, Hong Kong

ranked second in Asia after Korea, and sixth in the world.

industry of information and communications in Hong Kong had generated HK$84.1 billion (US$10.7 billion) of value added during

2 unchanged sentences

February 2018).

4 The Hong Kong Internet connection speeds are among the highest in the world, according

to the Office of the Communication Authority.

In Hong Kong, IT products and services suppliers were the largest category of IT

users, accounting for 34.2% of total IT employment, followed by the wholesale, retail, import/export, restaurants and hotels sector

(28.8%), the financing, insurance, real estate and business services sector (17.9%), and the community, social and personal services

sector (11.4%).

4 The Hong Kong Internet connection speeds are among the highest in the world, according to the Office

of the Communication Authority.

In Hong Kong, IT products and services suppliers were the largest category of IT users, accounting

for 34.2% of total IT employment, followed by the wholesale, retail, import/export, restaurants and hotels sector (28.8%), the

financing, insurance, real estate and business services sector (17.9%), and the community, social and personal services sector

Kong’s ICT spending is on track to grow 3.8% in 2018 to HK$144.42 billion, according to the latest projections from Gartner.

48 unchanged sentences

Many of the fundamentals are already in place:

economy generating GDP of $2.5 trillion and growing at 6 percent per year

population of more than 600 million people, with 40 percent under 30 years of age

Well-developed

information and communications technology (ICT) cluster with a track record of innovation and investment in new technology

Robust economy generating GDP of $2.5 trillion and growing

at 6 percent per year

Literate population of more than 600 million people,

with 40 percent under 30 years of age

Well-developed information and communications technology

(ICT) cluster with a track record of innovation and investment in new technology

“Economic Outlook for Southeast Asia, China and India 2018:

Fostering Growth through Digitalisation”, OECD,

Fostering Growth through Digitalisation”,

“Winning hearts, minds in ASEAN”, The Straits Times, 25 August 2017

141 unchanged sentences

$38.9 billion revenue will be generated in the BPO service in the next six years25.

In the past year, the ICT sector has also become

top investment contributor for the country in 2019, attracting US$6 billion of foreign investment 26 .

Moving forward,

the focus of the country will remain in upgrading the network capabilities.

The development in passive telecommunication infrastructure

such as fibre optic cables, cable landing stations and submarine fibre optic is expected to contribute an annual investment inflow

of US$1.9 billion until 2022.

In the past year, the ICT sector has also

become top investment contributor for the country in 2019, attracting US$6 billion of foreign investment 26 .

forward, the focus of the country will remain in upgrading the network capabilities.

The development in passive telecommunication

infrastructure such as fibre optic cables, cable landing stations and submarine fibre optic is expected to contribute an annual

investment inflow of US$1.9 billion until 2022.

https://oxfordbusinessgroup.com/overview/calling-all-competitors-network-expansion-efforts-accelerate-amid-growing-demand-data-and

117 unchanged sentences

competitive advantage over our existing and/or potential competitors.

the year ended December 31, 2019, the Company has generated $28,507 revenue from customers through the provision of business mentoring,

nurturing and incubation services relating to client businesses and corporate development advisory services.

the year ended December 31, 2020, the Company has generated $250,600 revenue from customers through the provision of business

mentoring, nurturing and incubation services relating to client businesses and corporate development advisory services.

of December 31, 2020, the company has a total of 2 full-time employees at our headquarter office in Kuala Lumpur, Malaysia.

17 unchanged sentences

Our office space is provided rent free by our Chief

Investment Officer Seah Kok Wah.

Investment Officer Seah Kok Wah until June 2020.

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.

What changed 10-K

Item 1. Business