What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2023-03-30 compared with 2022-03-29 · 119 added, 114 removed, 310 unchanged (43% of the section changed)

Ventures Corp., a Nevada corporation (“the Company”) was incorporated under the laws of the State of Nevada on April 2, 2018.

Ventures Corp., the US Company, operates through its wholly owned subsidiary, SEATech Ventures (HK) Limited, a Hong Kong Company.

business activities are and are intended to be continued to be fulfilled primarily by SEATech Ventures (HK) Limited.

The Company has

incorporated SEATech Bigorange CVC Sdn.

Bhd.in Malaysia, with a 60% equity interest on October 04, 2021, as part of its future

business development plan.

Ventures Corp.

is a company engaged in providing business mentoring, nurturing and incubation services relating to client businesses

and corporate development advisory services to entrepreneurs in the broader technology industry, but with a specific focus on the information

and communication technology industry.

The Company focuses on providing services in Asia, and has intentions to build a community through

which clients can benefit and grow their respective companies.

We share the same business plan with that of our subsidiaries.

May 2, 2018, the Company acquired 100% interest in SEATech Ventures Corp., a private limited liability company incorporated in Labuan,

December 21, 2018, SEATech Ventures Corp., the Malaysia Company acquired 100% interest in SEATech Ventures (HK) Limited, a private limited

company incorporated in Hong Kong.

October 04, 2021, SEATech Ventures (HK) Limited subscribed 60% of the equity interests in SEATech Bigorange CVC Sdn.

Bhd., a private

limited company incorporated in Malaysia.

The Malaysia Company changed its company name to SEATech CVC Sdn.

on February 22, 2022.

On February 25, 2022, SEATech Ventures (HK) Limited further acquired 40% of the equity interests in SEATech CVC Sdn.

Bhd., which in turn

owns 100% of the equity interests in the Malaysia company.

January 03, 2022, SEATech Ventures (HK) Limited acquired 1 share, representing 100% equity interest of SEATech Ventures Sdn.

Malaysia company, from the Chief Executive Officer, President, Secretary, Treasurer, Director, Mr.

Chin Chee Seong, with consideration

Company, through its subsidiaries, mainly provides incubation and corporate development services to the clients.

1 unchanged sentence

subsidiaries:

Place and date of incorporation

Particulars of issued capital

Principal activities

Proportional of ownership interest and voting power held

incorporation

of issued capital

of ownership interest and voting power held

SEATech Ventures Corp.

Labuan / March 12, 2018

ordinary shares of US$1 each

100 ordinary shares of US$1

Investment holding

1 unchanged sentence

Hong Kong / January 30, 2018

1 ordinary share of HKD$1

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

SEATech Bigorange CVC Sdn Bhd

1 ordinary share of HK$1

Business mentoring, nurturing and incubation,

and corporate development advisory services

SEATech CVC Sdn.

SEATech Bigorange

Malaysia / October 04, 2021

1 unchanged sentence

Dormant company

Ventures Corp.

is a company providing business mentoring services, nurturing and incubation services relating to client businesses and

SEATech Ventures Sdn.

Malaysia / May 27, 2021

1 ordinary share of MYR1 each

Provision of corporate advisory services

Group principal activity is to provide business mentoring services, nurturing and incubation services relating to client businesses and

corporate development advisory services to entrepreneurs in the broader technology industry, but with a specific focus on the information

2 unchanged sentences

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

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 future

prospects in other ASIAN countries.

mainly 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

future prospects in other ASIAN countries.

as part of our expansion plan, on September 20, 2022 Greenpro Capital Corp.

GRNQ) appointed SEATech Ventures (HK) Limited as

a listing sponsor to engage potential token issuers to list on Green-X, the World’s first Shariah-Compliant ESG (environment, social

and governance) Digital Asset Exchange (“DAX”) in Labuan, Malaysia.

According to global consulting firm BCG, the asset tokenization

market will grow 50 times from US$310 billion in this year, to US$16.1 trillion by 2030, driven by demand from a wide range of investors

for greater access to private markets (Source:

World Economic Forum – Global Agenda Council, BCG Analysis).

As a DAX listing

sponsor, SEATech Ventures (HK) Limited focus on digital/physical asset-backed companies in the STO (security token offering) listing

Industry in Asia

83 unchanged sentences

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

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”,

Fostering Growth through Digitalisation”, OECD, 2018

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

61 unchanged sentences

https://www.s-ge.com/en/publication/industry-report/20182-ict-indonesia

14.Source:https://www.thejakartapost.com/news/2019/12/10/ict-sector-gains-strength-as-indonesia-prioritizes-digital-economy.html

https://www.thejakartapost.com/news/2019/12/10/ict-sector-gains-strength-as-indonesia-prioritizes-digital-economy.html

Industry in Thailand

29 unchanged sentences

industry in Vietnam

has enjoyed its own economic miracle in recent years, showing the world how it turned the country from one of the poorest nation in the

world to become a middle-income nation.

The Southeast Asia country has grown its GDP for an average 6.8% 19 over the past two

decades to reach US$ 255 billion in 2019, rivalling China’s result during this period 20 .

has enjoyed its own economic miracle in recent years, showing the world how it turned the country from one of the poorest nations in

the world to become a middle-income nation.

The Southeast Asia country has grown its GDP for an average 6.8% 19 over the past

two decades to reach US$ 255 billion in 2019, rivalling China’s result during this period 20 .

with the economy, the country’s ICT industry has also experienced substantial growth of average 31.1% per year from 2014 to 2019.

47 unchanged sentences

Solutions and Services

believe that tech-based entrepreneurs are the

vital agents of positive and transformational change across every aspect of our society and economy.

It is our intention to offer

mentoring programs to our clients through which we hope to create a sense of community, wherein our members will be able to grow their

companies exponentially through leveraging skillsets and potential capital provided by our organization.

Through creating a sense

of community we have the potential to become one of the IT Corporate Venture Capital (CVC) Companies in the ASIA region.

for the time being and in the foreseeable future, will comprise of the Company’s officers, whom have extensive experience

in the information and computer technology industry.

Additionally, our mentors possess, extensive corporate experience, corporate management

skills, professional networking, and industry knowledge which are necessary to guide tech-based entrepreneurs to the

path of success.

believe that tech-based entrepreneurs are the vital agents of positive and transformational change across every aspect of our society

It is our intention to offer mentoring programs to our clients through which we hope to create a sense of community, wherein

our members will be able to grow their companies exponentially through leveraging skillsets and potential capital provided by our organization.

Through creating a sense of community, we have the potential to become one of the IT Corporate Venture Capital (CVC) Companies in the

Our mentors, for the time being and in the foreseeable future, will comprise of the Company’s officers, whom have

extensive experience in the information and computer technology industry.

Additionally, our mentors possess, extensive corporate experience,

corporate management skills, professional networking, and industry knowledge which are necessary to guide tech-based entrepreneurs to

the path of success.

exact details of our mentoring program will be adjusted on a case-by-case basis, but will follow a certain basic structure.

Our primary focus will be to provide domain knowledge in delivering ICT-enriched learning experiences and best practices

through our years of experience in the ICT and tech-based industry.

We intend to provide professional industry-based advice, conduct

market analysis, track performance metrics and corporate development advisory on ASIA-wide ICT aspects.

intends to conduct feasibility report based on the industry average using comparison of common firms performance within

the ICT industry.

feasibility reports cover seven main areas to clearly identify the pain points that entrepreneurs may encounter

within the ICT market:

focus will be to provide domain knowledge in delivering ICT-enriched learning experiences and best practices through our years of experience

in the ICT and tech-based industry.

We intend to provide professional industry-based advice, conduct market analysis, track performance

metrics and corporate development advisory on ASIA-wide ICT aspects.

The Company intends to conduct feasibility report based on the industry

average using comparison of common firms performance within the ICT industry.

feasibility reports cover seven main areas to clearly identify the pain points that entrepreneurs may encounter within the ICT market:

Direction and Strategy

7 unchanged sentences

strength and ability of ASIA entrepreneurs are evolving and improving;

hence our Company’s mission is to assist

these entrepreneurs to grow globally.

SEATech targets emerging-growth entrepreneurs and assist them to sustain their economic

positions in the Asia-Pacific region, as we believe the multilateral business relationship between the countries in these regions

has shown a trend of increasing strength which will continue in the future.

We intend to identify emerging-growth entrepreneurs, initially,

through word of mouth and existing industry contacts of our officers and directors, We may also evaluate the possibility

of organizing programs or events in future and to provide a venture pitching platform for tech-based companies seeking venture

capital funding.

Plans regarding the organizing of events is in the growth stage, and currently we

have not taken measures to finalize such plans.

hence our Company’s mission is to assist these entrepreneurs

to grow globally.

SEATech targets emerging-growth entrepreneurs and assist them to sustain their economic positions in the Asia-Pacific

region, as we believe the multilateral business relationship between the countries in these regions has shown a trend of increasing strength

which will continue in the future.

We intend to identify emerging-growth entrepreneurs, initially, through word of mouth and existing

industry contacts of our officers and directors, we may also evaluate the possibility of organizing programs or events in future and

to provide a venture pitching platform for tech-based companies seeking venture capital funding.

Plans regarding the organizing of events

is in the growth stage, and currently we have not taken measures to finalize such plans.

Once entrepreneurs are identified, we will create

linkages between the ecosystem players within the information and communications technology (ICT) industry and assist in solving

critical issue for the continued development of ICT sectors.

linkages between the ecosystem players within the information and communications technology (ICT) industry and assist in solving critical

issue for the continued development of ICT sectors.

is the Company’s belief that digital products and services are transforming industries, enriching lives, and propelling progress.

15 unchanged sentences

structured and have clearly delineated funding options available in the capital marketplace.

Despite the technological advancements, many

small and medium-sized enterprises (SMEs) in ASIA are still lowin both technology and skillsets.

With our Corporate

Programs, we intend to match and enhance performance of ICT entrepreneurs based upon a spectrum of availability, innovation environment,

regulatory environment, and digital literacy.

It is our intention to create corporate programs through which our community clients may

have an opportunity to attend seminars, workshops, promotional events that showcase industry expertise during key cross-countries Southeast

the technological advancements, many small and medium-sized enterprises (SMEs) in ASIA are still low in both technology and skillsets.

With our Corporate Programs, we intend to match and enhance performance of ICT entrepreneurs based upon a spectrum of availability, innovation

environment, regulatory environment, and digital literacy.

It is our intention to create corporate programs through which our community

clients may have an opportunity to attend seminars, workshops, promotional events that showcase industry expertise during key cross-countries

Southeast Asia events.

All such plans remain in development and we have yet to determine a timeline when such programs will become available.

15 unchanged sentences

and Targeted Market

the next financial year from 2022 onwards, we plan

to recruit three to five engagement partners in every

country that we operate.

The Company anticipates expanding

into the ASIA market initially to Thailand, Indonesia, Singapore, Philippines, Vietnam, Myanmar, Cambodia, Taiwan, China

and Hong Kong.

The qualifications and capabilities are individuals with vast experiences in the ICT industry, able to provide

in-depth analysis, corporate management advice and developing business solutions for ICT companies that intend to

grow, as well as to carry out performance assessment, strategic planning and implementation of pre-set goals and plans.

addition, we will hire additional staff in

Malaysia within a year of the public listing of the Company.

We believe that hiring fifteen to twenty employees, which may include accountants,

public relations and ICT business consultants, will be sufficient in order to support our operations.

It will also be necessary for us

to acquire office space from which we can conduct operations and conduct meetings with potential clients.

We also plan to allocate funds

to support our ICT Incubator Program.

However, such development will require intensive research, development and testing so we cannot

accurately determine a concrete timeline at present nor have we determined an appropriate budget for these future activities.

also evaluate potential acquisitions and venture opportunities in the future which we feel may have some synergy with our current operations

when the Company is successfully listed in the US capital market.

SEATech focuses on providing mentoring and advisory

services to ICT companies in ASIA.

The venture capital industry in ASEAN or even the ASIAN region has grown substantially

over the years, as more start-ups, especially those with ICT focus, will require mentoring and incubation services in order to move to

the next level.

Henceforth, the venture capital industry is getting more competitive and SEATech intends to

improve its visibility and the provision of its advisory services in order to stand out from the competition.

company will seek to improve its competency in ICT so as to create a competitive advantage over our existing and/or

potential competitors.

the next financial year from 2022 onwards, we plan to recruit three to five engagement partners in every country that we operate .

The Company anticipates expanding into the ASIA market initially to Thailand, Indonesia, Singapore, Philippines, Vietnam, Myanmar,

Cambodia, Taiwan, China and Hong Kong.

The qualifications and capabilities are individuals with vast experiences in the ICT industry,

able to provide in-depth analysis, corporate management advice and developing business solutions for ICT companies that intend to grow,

as well as to carry out performance assessment, strategic planning and implementation of pre-set goals and plans.

addition, we will hire additional staff in Malaysia within a year of the public listing of the Company.

We believe that hiring fifteen

to twenty employees, which may include accountants, public relations and ICT business consultants, will be sufficient in order to support

our operations.

It will also be necessary for us to acquire office space from which we can conduct operations and conduct meetings with

potential clients.

We also plan to allocate funds to support our ICT Incubator Program.

However, such development will require intensive

research, development and testing so we cannot accurately determine a concrete timeline at present nor have we determined an appropriate

budget for these future activities.

We may also evaluate potential acquisitions and venture opportunities in the future which we feel

may have some synergy with our current operations when the Company is successfully listed in the US capital market.

focuses on providing mentoring and advisory services to ICT companies in ASIA.

The venture capital industry in ASEAN or even the ASIAN

region has grown substantially over the years, as more start-ups, especially those with ICT focus, will require mentoring and incubation

services in order to move to the next level.

Henceforth, the venture capital industry is getting more competitive and SEATech intends

to improve its visibility and the provision of its advisory services in order to stand out from the competition.

The Company will seek

to improve its competency in ICT so as to create a competitive advantage over our existing and/or potential competitors.

the year ended December 31, 2022, the Company has generated $548,095 revenue from customers through the provision of business mentoring,

3 unchanged sentences

employees are administrative staffs of the Company.

director cum Chief Executive Officer, Chin Chee Seong, director cum Chief Investment Officer, Seah Kok Wah and Chief Financial Officer,

Tan Hock Chye have flexibile working hours, up to 30 hours per week, but are prepared to devote more time if necessary.

Our independent non-executive directors, Cheah Kok

Hoong and Louis Ramesh Ruben also have flexibility working hours with no time limits, but are prepared

to devote more time if necessary.

director cum Chief Executive Officer, Chin Chee Seong, director, Seah Kok Wah and Chief Financial Officer, Tan Hock Chye have flexibile

working hours, up to 30 hours per week, but are prepared to devote more time if necessary.

independent non-executive directors, Cheah Kok Hoong and Louis Ramesh Ruben also have flexibility working hours with no time limits,

but are prepared to devote more time if necessary.

do not presently have pension, health, annuity, insurance, stock options, profit sharing, or similar benefit plans;

13 unchanged sentences

South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia.

Our office space is provided rent free by our Chief Investment

Officer Seah Kok Wah until June 2022.

Our office space is provided rent free by our director Seah Kok

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