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Item 1. Business

2025-04-15 compared with 2024-05-10 · 432 added, 391 removed, 67 unchanged (92% 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.

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.

Corporate History

SEATech Ventures Corp., a Nevada corporation (“the

Company”) was incorporated under the laws of the State of Nevada on April 2, 2018.

On May 2, 2018,

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

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

incorporated in Hong Kong.

On 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.

Details of the Company’s

subsidiaries:

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.

On January 03, 2022, SEATech

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

Bhd., a Malaysia company, from the

Chief Executive Officer, President, Secretary, Treasurer, Director, Mr.

Chin Chee Seong, with consideration of MYR 1.

The Company, through its subsidiaries, mainly provides

incubation and corporate development services to the clients.

Details of the Company’s subsidiaries:

Place and date

21 unchanged sentences

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

and communication technology industry.

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

Our advisory services

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., a related party (NASDAQ:

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:

Business Overview

SEATech 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 and communication technology industry.

We will primarily

focus our efforts on nurturing ICT entrepreneurs in Asia.

Our advisory services 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.

Further as part of our expansion plan, on September

20, 2022 Greenpro Capital Corp., a related party (NASDAQ:

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

ICT industry in Asia continues to show significant expansion and vitality, especially in the realms of the Internet of Things (IoT) and

This growth is predominantly fueled by major manufacturing sectors in countries like China.

The strategic deployment of these

technologies address some of Asia’s crucial challenges such as aging populations and labor shortages, as exemplified by Japan’s

integration of robotics.

city initiatives are becoming increasingly prominent across Asia, spurred by high mobile device penetration.

This technological leap

allows several Asian countries to skip traditional infrastructural phases and adopt more advanced solutions directly.

Despite these advancements,

the broad adoption of transformative software solutions remains a considerable challenge that could drive deeper economic impacts if

Economically,

the influence of IoT is profound, with its expansion in sectors like manufacturing and transportation helping to propel new technology

revenues toward the $1 trillion mark annually.

Forecasts indicate that emerging technologies such as robotics, drones, AR/VR headsets,

and their associated software and services are set to experience substantial growth.

Specifically, the IoT market in Asia is expected

to reach about $398 billion by 2025, according to a report by GlobalData.

robotics market in Asia is also on a rapid ascent, anticipated to exceed $130 billion by 2025, driven by industrial and service sector

applications, according to the International Federation of Robotics.

Meanwhile, the AR and VR market in Asia could see revenues hitting

$70.8 billion by 2024, driven by increasing demand in gaming, training, and industrial applications.

to the future, the next three years are poised to see a dynamic shift as the ICT sector gears up for a new growth surge.

Businesses are

moving from prototyping to broader deployment of cutting-edge technologies such as augmented reality devices and AI-powered robots.

transition underscores the promising outlook for Asia’s ICT industry, positioning it as a global leader in technology adoption

and innovation.

This period of robust technological advancement and economic contribution paints a promising future for the ICT sector

Corporate USA:

As a DAX listing sponsor, SEATech

Ventures (HK) Limited focus on digital/physical asset-backed companies in the STO (security token offering) listing on Green-X.

ICT Industry in Asia

The ICT industry in Asia continues to show significant

expansion and vitality, especially in the realms of the Internet of Things (IoT) and robotics.

This growth is predominantly fueled by

major manufacturing sectors in countries like China.

The strategic deployment of these technologies address some of Asia’s crucial

challenges such as aging populations and labor shortages, as exemplified by Japan’s integration of robotics.

Smart city initiatives are becoming increasingly prominent

across Asia, spurred by high mobile device penetration.

This technological leap allows several Asian countries to skip traditional infrastructural

phases and adopt more advanced solutions directly.

Despite these advancements, the broad adoption of transformative software solutions

remains a considerable challenge that could drive deeper economic impacts if resolved 1 .

Economically, the influence of IoT is profound, with

its expansion in sectors like manufacturing and transportation helping to propel new technology revenues toward the $1 trillion mark annually.

Forecasts indicate that emerging technologies such as robotics, drones, AR/VR headsets, and their associated software and services are

set to experience substantial growth.

Specifically, the IoT market in Asia is expected to reach about $398 billion by 2025, according

to a report by GlobalData.

The robotics market in Asia is also on a rapid ascent,

anticipated to exceed $130 billion by 2025, driven by industrial and service sector applications, according to the International Federation

Meanwhile, the AR and VR market in Asia could see revenues hitting $70.8 billion by 2024, driven by increasing demand in

gaming, training, and industrial applications.

Looking to the future, the next three years are poised

to see a dynamic shift as the ICT sector gears up for a new growth surge.

Businesses are moving from prototyping to broader deployment

of cutting-edge technologies such as augmented reality devices and AI-powered robots.

This transition underscores the promising outlook

for Asia’s ICT industry, positioning it as a global leader in technology adoption and innovation.

This period of robust technological

advancement and economic contribution paints a promising future for the ICT sector across Asia.

IDC Corporate USA:

https://www.idc.com/promo/global-ict-spending/regional-markets

GlobalData Report Store:

Report Store:

https://www.globaldata.com/data/

IDC Corporate USA;

see the section titled “New Technologies:”

Industry – Hong Kong

Kong’s role as a leading business center in the Asia region can be evidenced by its advanced telecommunications infrastructure.

According to the IMD World Digital Competitiveness Ranking 2022, as published by the IMD World Competitiveness Centre, Hong Kong was

ranked third in Asia and ninth in the world.

industry of information and communications in Hong Kong had generated HK$95.6 billion (US$12.3 billion) of value added in 2021, contributing

to 3.3% of GDP.

In term of industry data, Hong Kong had household broadband penetration rate at 99.5% (as at April 2022).

The Hong Kong

Internet connection speeds are among the highest in the world, according to the Office of the Communication Authority.

Hong Kong government has implemented various initiatives aimed at promoting the development of the ICT industry.

These initiatives encompass

funding support, infrastructure development, international collaboration, and workforce training.

Specifically outlined in the Smart

City Blueprint 2.0, adopted in December 2020, are over 130 initiatives aimed at enhancing public convenience.

The objective is to help

residents of Hong Kong grasp the advantages that innovation and technology in smart city endeavors will offer in their everyday lives.

Hong Kong government’s Innovation and Technology Fund (ITF) has provided an alternative source of funding for the IT industry to

support R&D development, facilitate technology adoption, nurture technology talent, support technology start-ups, and foster an I&T

As of end-February 2024, the ITF had approved 68,668 funding applications on projects with a total of HK$ 40.8 billion.

but not least, Hong Kong has a large pool of skilled ICT professionals, providing services to clients spanning a wide range of businesses.

According to 2022 Manpower Survey Report, as of April 2022, 112,425 people (including freelancers) were working in ICT-related fields

in Hong Kong, accounting for 2.99% of the labor force.

Kong Trade Development Council:

see the section titled “New

Technologies:”

ICT Industry – Hong Kong

Hong Kong’s role as a leading business center

in the Asia region can be evidenced by its advanced telecommunications infrastructure.

According to the IMD World Digital Competitiveness

Ranking 2022, as published by the IMD World Competitiveness Centre, Hong Kong was ranked third in Asia and ninth in the world.

The industry of information and communications in

Hong Kong had generated HK$95.6 billion (US$12.3 billion) of value added in 2021, contributing to 3.3% of GDP.

In term of industry data,

Hong Kong had household broadband penetration rate at 99.5% (as at April 2022).

The Hong Kong Internet connection speeds are among the

highest in the world, according to the Office of the Communication Authority.

The Hong Kong government has implemented various initiatives

aimed at promoting the development of the ICT industry.

These initiatives encompass funding support, infrastructure development, international

collaboration, and workforce training.

Specifically outlined in the Smart City Blueprint 2.0, adopted in December 2020, are over 130 initiatives

aimed at enhancing public convenience.

The objective is to help residents of Hong Kong grasp the advantages that innovation and technology

in smart city endeavors will offer in their everyday lives.

The Hong Kong government’s Innovation and Technology

Fund (ITF) has provided an alternative source of funding for the IT industry to support R&D development, facilitate technology adoption,

nurture technology talent, support technology start-ups, and foster an I&T culture.

As of end-February 2024, the ITF had approved

68,668 funding applications on projects with a total of HK$ 40.8 billion.

Last but not least, Hong Kong has a large pool of skilled ICT

professionals, providing services to clients spanning a wide range of businesses.

According to 2022 Manpower Survey Report, as of April

2022, 112,425 people (including freelancers) were working in ICT-related fields in Hong Kong, accounting for 2.99% of the labor force.

Hong Kong Trade Development Council:

https://research.hktdc.com/en/article/MzExMTUwMDAy#:~:text=Indeed%2C%20excellence%20in%20the%20telecommunications,3.3%25%20of%20Hong%20Kong’s%20GDP

1 unchanged sentence

https://manpower-survey.vtc.edu.hk/f/publication/13887/Manpower%20Survey%20Report%20for%20Innovation%20and%20Technology%20Sector.pdf

Industry in ASEAN

IT spending market in Southeast Asia is projected to rise to USD 33.97 trillion between 2021 and 2026, with an accelerated growth rate

of 8.4% annually.

The hardware segment, driven by increased mobile device usage like smartphones and tablets, will notably contribute

to revenue growth.

This segment is expected to maintain steady growth due to the rising adoption of VoLTE and 4G standards, prompting

consumers to upgrade their phones.

In addition, significant investments by telecommunication operators in 4G and 5G infrastructure will

further boost growth in the hardware segment of the IT spending market in Southeast Asia 2 .

Asia’s digital economies are set to reach $218 billion in total value of transactions this year, jumping 11% from a year ago despite

global macroeconomic headwinds, a new report by Google, Temasek and Bain & Company revealed.

2023, the digital economy in Southeast Asia generated $100 billion in revenue, growing at a compound annual growth rate (CAGR) of 27%

since 2021, which is 1.7 times faster than the growth of gross merchandise value (GMV).

E-commerce, travel, transport, and media sectors

contributed $70 billion in revenue.

Notably, this focus on revenue generation has not compromised consumer engagement or the growth of

GMV, which still increased by 11% to $218 billion in 2023.

Travel and transport sectors are projected to surpass pre-pandemic levels

in 2024, while e-commerce continues to exhibit resilience, driven by heightened competition.

ICT Industry in ASEAN

The IT spending market in Southeast Asia is projected

to rise to USD 33.97 trillion between 2021 and 2026, with an accelerated growth rate of 8.4% annually.

The hardware segment, driven by

increased mobile device usage like smartphones and tablets, will notably contribute to revenue growth.

This segment is expected to maintain

steady growth due to the rising adoption of VoLTE and 4G standards, prompting consumers to upgrade their phones.

In addition, significant

investments by telecommunication operators in 4G and 5G infrastructure will further boost growth in the hardware segment of the IT spending

market in Southeast Asia 2 .

Southeast Asia’s digital economies are set to

reach $218 billion in total value of transactions this year, jumping 11% from a year ago despite global macroeconomic headwinds, a new

report by Google, Temasek and Bain & Company revealed.

In 2023, the digital economy in Southeast Asia generated

$100 billion in revenue, growing at a compound annual growth rate (CAGR) of 27% since 2021, which is 1.7 times faster than the growth

of gross merchandise value (GMV).

E-commerce, travel, transport, and media sectors contributed $70 billion in revenue.

Notably, this focus

on revenue generation has not compromised consumer engagement or the growth of GMV, which still increased by 11% to $218 billion in 2023.

Travel and transport sectors are projected to surpass pre-pandemic levels in 2024, while e-commerce continues to exhibit resilience, driven

by heightened competition.

https://www.prnewswire.com/news-releases/it-spending-market-size-in-southeast-asia-to-grow-by-usd-33-97-trillion-hardware-segment-to-be-significant-for-revenue-generation—technavio-301598739.html

Industry in Malaysia

The Information and Communication

Technology (ICT) industry has grown significantly and is expected to grow continuously.

The size of the Malaysian ICT market is projected

to be USD 25.29 billion in 2024 and is projected to increase at a Compound Annual Growth Rate (CAGR) of 7.57% to USD 39.18 billion by

The main factor of this rise is the increasing in digitalization among most significant industrial sectors, which also includes

the creation and application of 5G technology 3 .

The rapid growth of Malaysia’s

ICT industry is supported by programs such as the MyDIGITAL initiative, which is a component of the Malaysia Digital Economy Blueprint.

By 2030, this initiative is intended to make Malaysia a high-income, digitally driven country and a leader in the digital economy in the

ICT Industry in Malaysia

The Information and Communication Technology (ICT)

industry has grown significantly and is expected to grow continuously.

The size of the Malaysian ICT market is projected to be USD 25.29

billion in 2024 and is projected to increase at a Compound Annual Growth Rate (CAGR) of 7.57% to USD 39.18 billion by year 2029.

factor of this rise is the increasing in digitalization among most significant industrial sectors, which also includes the creation and

application of 5G technology 3 .

The rapid growth of Malaysia’s ICT industry

is supported by programs such as the MyDIGITAL initiative, which is a component of the Malaysia Digital Economy Blueprint.

By 2030, this

initiative is intended to make Malaysia a high-income, digitally driven country and a leader in the digital economy in the region 4 .

Malaysia’s potential as a regional data hub have been enhanced by the government’s Cloud First strategy under MyDIGITAL.

To further advance this goal, the Malaysian government’s approach to cybersecurity, data systems integration, and emerging digital

further advance this goal, the Malaysian government’s approach to cybersecurity, data systems integration, and emerging digital

technologies is essential.

To improve Malaysia’s cybersecurity measures, the government has allocated US$434 million through the launch

of the Malaysia Cyber Security Strategy (MCSS).

The International Trade Administration states that this strategy emphasizes on the

significance of cybersecurity in protecting organizations as they move towards digital platforms 5 .

The ICT sector in Malaysia is

strategically positioned, offering significant opportunities in smart city technologies.

Smart city development in the country harnesses

cutting-edge technologies such as 5G, IoT, big data, cloud computing, and AI to enhance services, improve efficiency, and bolster economic

productivity while prioritizing sustainability.

These advancements not only reshape the ICT landscape but also position Malaysia for a

prominent role in the future global economy.

Overall, Malaysia’s ICT sector is rapidly evolving, driven by digitalization, government

initiatives, and technological progress, making it a vital contributor to the nation’s GDP and socio-economic development.

To improve Malaysia’s cybersecurity measures, the government has allocated US$434 million through the

launch of the Malaysia Cyber Security Strategy (MCSS).

The International Trade Administration states that this strategy emphasizes on

the significance of cybersecurity in protecting organizations as they move towards digital platforms 5 .

The ICT sector in Malaysia is strategically positioned,

offering significant opportunities in smart city technologies.

Smart city development in the country harnesses cutting-edge technologies

such as 5G, IoT, big data, cloud computing, and AI to enhance services, improve efficiency, and bolster economic productivity while prioritizing

sustainability.

These advancements not only reshape the ICT landscape but also position Malaysia for a prominent role in the future global

Overall, Malaysia’s ICT sector is rapidly evolving, driven by digitalization, government initiatives, and technological

progress, making it a vital contributor to the nation’s GDP and socio-economic development.

https://www.mordorintelligence.com/industry-reports/malaysia-ict-market.

1 unchanged sentence

https://www.trade.gov/market-intelligence/malaysia-cybersecurity

Industry in Indonesia

The Indonesia ICT market was

valued at US$ 36.90 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 17.09% to reach a value of US$ 81.21 billion

The cumulative revenue generation for ICT providers in Indonesia is estimated at US$ 334.96 billion for 2022-2027 6 .

Indonesia leads Southeast Asia’s digital economy contribution with the largest share of 42% or $691.8 billion 7 .

Indonesia’s ICT

industry focuses on their Software-as-a-Service (SaaS) and cloud computing, providing solution such as data analytics, data center management

and managed services.

Indonesia is at a pivotal point in its digitalization journey.

Cloud adoption is primarily focused on making existing

business processes more efficient and productive, but this will change over time as SaaS solutions become vital to building new business

and innovations.

Cloud-based solutions will also be essential to leveraging technologies like AI, which is widely seen as a major driver

of future economic growth.

Generative AI on the other hand

is projected to bring US$4.4 trillion in value to the global economy 8 .

By 2025, it is estimated that Indonesia’s

digital economy will increase GDP by USD 150 billion.

To achieve this, the Indonesian government is carrying out a significant infrastructure

As part of the digital transformation, the government has launched a number of national initiatives, such as Go Digital Vision

2020, e-smart IKM, and the 100 Smart City Movement.

The Telkom Indonesia group of

companies announced in July 2022 that it has partnered with Edgecore, a leading provider of network solutions, to open a demonstration

lab in Indonesia that will enable open, disaggregated solutions.

Edgecore expressed its strong support for open networking by offering

to sponsor and participate in the Indonesian demonstration lab.

NTT Indonesia also announced the opening of a high-tech data center in

To serve the expanding digital economy in Southeast Asia, NTT launched the biggest data center in Indonesia, expanding its hyperscale

data center presence there 9 .

ICT Industry in Indonesia

The Indonesia ICT market was valued at US$ 36.90 billion

in 2022 and will grow at a compounded annual growth rate (CAGR) of 17.09% to reach a value of US$ 81.21 billion by 2027.

The cumulative

revenue generation for ICT providers in Indonesia is estimated at US$ 334.96 billion for 2022-2027 6 .

Indonesia leads Southeast

Asia’s digital economy contribution with the largest share of 42% or $691.8 billion 7 .

Indonesia’s ICT industry focuses on their Software-as-a-Service

(SaaS) and cloud computing, providing solution such as data analytics, data center management and managed services.

Indonesia is at a

pivotal point in its digitalization journey.

Cloud adoption is primarily focused on making existing business processes more efficient

and productive, but this will change over time as SaaS solutions become vital to building new business and innovations.

Cloud-based solutions

will also be essential to leveraging technologies like AI, which is widely seen as a major driver of future economic growth.

Generative AI on the other hand is projected to bring

US$4.4 trillion in value to the global economy 8 .

By 2025, it is estimated that Indonesia’s digital economy will increase

GDP by USD 150 billion.

To achieve this, the Indonesian government is carrying out a significant infrastructure development.

the digital transformation, the government has launched a number of national initiatives, such as Go Digital Vision 2020, e-smart IKM,

and the 100 Smart City Movement.

The Telkom Indonesia group of companies announced

in July 2022 that it has partnered with Edgecore, a leading provider of network solutions, to open a demonstration lab in Indonesia that

will enable open, disaggregated solutions.

Edgecore expressed its strong support for open networking by offering to sponsor and participate

in the Indonesian demonstration lab.

NTT Indonesia also announced the opening of a high-tech data center in Jakarta.

To serve the expanding

digital economy in Southeast Asia, NTT launched the biggest data center in Indonesia, expanding its hyperscale data center presence there 9 .

https://www.globaldata.com/store/report/indonesia-ict-market-analysis/#:~:text=The%20Indonesia%20ICT%20market%20was,334.96%20billion%20for%202022%2D2027

2 unchanged sentences

https://www.mordorintelligence.com/industry-reports/indonesia-ict-market

Industry in Thailand

The Thailand ICT market size

was shown to be over $19 billion in 2022 and is expected to grow at a CAGR of more than 14% in the period of 2022 to 2027, eventually

reaching over $38 billion by 2027.

The ICT market in Thailand is propelled by transitioning businesses from traditional to digital services,

government initiatives such as the National Strategy, Digital Park Thailand, National AI Strategy, and Thailand 4.0, increased internet

penetration, and other rapid technological advancements 10 .

The Thailand government are

taking actions in boosting the country’s IT sector due to their growing demand for digital transformation.

For example, the Thailand’s

Board of Investment (BOI) adopted a new Five-Year Investment Promotion Strategy, which targets industries and sectors that promote Thailand’s

long-term development 11 .

In 2024, the Thailand BOI announced that the applications for investment promotion in 2023 achieved

a 5 year high of 24 billion dollars combined value.

This was an increase of 43% compared to the previous year which was led by a large

foreign investment in the five priority sectors in the BOI new investment promotion strategy, which was more than half of the combined

In 2022, Huawei Technologies

planned in investing approximately $23 million USD in building its third data center in Thailand.

These infrastructure development projects

will further increase the demand for hardware and IT services.

Amazon Web Services (AWS) also signed an MOU with the Ministry of Digital

Economy and Society of Thailand (MDES) to bring digital transformation into Thailand.

AWS plans to invest more than $5 million USD in

Thailand over the next 15 years.

Besides that, SAP also announced their plans to accelerate cloud transformation for both private and

public sectors to increase efficiency, flexibility, and agility.

Alibaba Cloud company opened its first data center in Thailand in 2022

to support the Thai government’s National Strategic Plan up to year 2037.

Alibaba made announcements on their plans to invest $1

billion USD as this unveils a strategic roadmap for international business at the 2022 Alibaba Cloud Summit 13 .

ICT Industry in Thailand

The Thailand ICT market size was shown to be over

$19 billion in 2022 and is expected to grow at a CAGR of more than 14% in the period of 2022 to 2027, eventually reaching over $38 billion

The ICT market in Thailand is propelled by transitioning businesses from traditional to digital services, government initiatives

such as the National Strategy, Digital Park Thailand, National AI Strategy, and Thailand 4.0, increased internet penetration, and other

rapid technological advancements 10 .

The Thailand government are taking actions in boosting

the country’s IT sector due to their growing demand for digital transformation.

For example, the Thailand’s Board of Investment

(BOI) adopted a new Five-Year Investment Promotion Strategy, which targets industries and sectors that promote Thailand’s long-term

development 11 .

In 2024, the Thailand BOI announced that the applications for investment promotion in 2023 achieved a 5 year

high of 24 billion dollars combined value.

This was an increase of 43% compared to the previous year which was led by a large foreign

investment in the five priority sectors in the BOI new investment promotion strategy, which was more than half of the combined pledges 12 .

In 2022, Huawei Technologies planned in investing

approximately $23 million USD in building its third data center in Thailand.

These infrastructure development projects will further increase

the demand for hardware and IT services.

Amazon Web Services (AWS) also signed an MOU with the Ministry of Digital Economy and Society

of Thailand (MDES) to bring digital transformation into Thailand.

AWS plans to invest more than $5 million USD in Thailand over the next

Besides that, SAP also announced their plans to accelerate cloud transformation for both private and public sectors to increase

efficiency, flexibility, and agility.

Alibaba Cloud company opened its first data center in Thailand in 2022 to support the Thai government’s

National Strategic Plan up to year 2037.

Alibaba made announcements on their plans to invest $1 billion USD as this unveils a strategic

roadmap for international business at the 2022 Alibaba Cloud Summit 13 .

https://www.globaldata.com/store/report/thailand-enterprise-ict-market-analysis/#:~:text=Thailand%20Enterprise%20ICT%20Market%20Overview,over%20%2438%20billion%20in%202027

2 unchanged sentences

https://www.mordorintelligence.com/industry-reports/thailand-ict-market

industry in Vietnam

A recent industry report projects

that Vietnam’s ICT market will continue to grow rapidly in 2024.

As the public and private sectors increase their adoption of ICT

solutions, the ICT market is predicted to grow by 14% in 2023 to a value of VND 240 trillion Vietnam dong (equivalent to USD 10.2 billion).

By 2027, the market is expected to surpass VND 400 trillion Vietnam dong (equivalent to USD 17 billion).

The Vietnamese government has

recognized information and communications technology (ICT) as a significant industry and socioeconomic growth driver.

To enhance operational

efficiency and improve governance services, government agencies at all levels are being encouraged to implement advanced ICT solutions 14 .

The rapid adoption of digital

technologies in numerous industries is the main factor driving the Vietnamese market.

ICT solutions are being adopted by businesses, government

agencies, and educational institutions on a growing scale to modernize operations, boost efficiency, and provide better services.

the demand for ICT services, such as digital content and e-commerce, is increasing due to the nation’s increasing internet penetration,

which is being driven by inexpensive smartphones and developing infrastructure.

Fintech, e-commerce, and edtech innovation is supported

by government programs such as the “National Digital Transformation Program” and a vibrant startup ecosystem.

ICT industry in Vietnam

A recent industry report projects that Vietnam’s

ICT market will continue to grow rapidly in 2024.

As the public and private sectors increase their adoption of ICT solutions, the ICT

market is predicted to grow by 14% in 2023 to a value of VND 240 trillion Vietnam dong (equivalent to USD 10.2 billion).

market is expected to surpass VND 400 trillion Vietnam dong (equivalent to USD 17 billion).

The Vietnamese government has recognized information

and communications technology (ICT) as a significant industry and socioeconomic growth driver.

To enhance operational efficiency and improve

governance services, government agencies at all levels are being encouraged to implement advanced ICT solutions 14 .

The rapid adoption of digital technologies in numerous

industries is the main factor driving the Vietnamese market.

ICT solutions are being adopted by businesses, government agencies, and educational

institutions on a growing scale to modernize operations, boost efficiency, and provide better services.

Furthermore, the demand for ICT

services, such as digital content and e-commerce, is increasing due to the nation’s increasing internet penetration, which is being

driven by inexpensive smartphones and developing infrastructure.

Fintech, e-commerce, and edtech innovation is supported by government

programs such as the “National Digital Transformation Program” and a vibrant startup ecosystem.

Because of Vietnam’s

1 unchanged sentence

knowledge sharing and technology transfer 15 .

There are five mobile operators

operating in Vietnam:

There are five mobile operators operating in Vietnam:

VNPT-Vinaphone, Mobifone, Viettel, Vietnammobile, and Gtel.

State-owned enterprises dominate the telecommunications

Additionally, there exist three mobile virtual network operators, namely Asim Telecom (Local), Mobicast (Reddi), and Dong Duong

Telecom (iTel).

The combined market share of the three network operators—VNPT-Vinaphone, Viettel, and Mobifone—is close to

The Ministry of Information and Communications in Vietnam estimates that as of September 2022, there were 127.207 million mobile

Vietnam is predicted to have 129.2 million subscribers by the end of 2032, with an average annual growth rate of only 0.5%

from 2022 to 2032.

State-owned enterprises dominate the telecommunications industry.

Additionally,

there exist three mobile virtual network operators, namely Asim Telecom (Local), Mobicast (Reddi), and Dong Duong Telecom (iTel).

combined market share of the three network operators—VNPT-Vinaphone, Viettel, and Mobifone—is close to 95%.

The Ministry of

Information and Communications in Vietnam estimates that as of September 2022, there were 127.207 million mobile subscribers.

is predicted to have 129.2 million subscribers by the end of 2032, with an average annual growth rate of only 0.5% from 2022 to 2032.

89.2% of connections will have 5G capability by 2032.

The penetration rate of the Vietnamese mobile market is approximately

128%, indicating a highly saturated market.

A recent study also shows that

the cybersecurity market in Vietnam will generate USD 215 million in total revenue by 2023, with growth expected to occur at a rate of

roughly 15% year in 2022 and 2023.

According to World Bank estimates, as Vietnam pursues projects in e-government, the internet of things

(IOT), smart cities, financial technology, artificial intelligence, etc., the nation’s digital economy will surpass USD 43 billion

However, the public and private sectors are facing an increase in cyber threats as a result of the nation’s unprecedented

growth and demand for digital services 16 .

The penetration rate of the Vietnamese mobile market is approximately 128%, indicating

a highly saturated market.

A recent study also shows that the cybersecurity market

in Vietnam will generate USD 215 million in total revenue by 2023, with growth expected to occur at a rate of roughly 15% year in 2022

According to World Bank estimates, as Vietnam pursues projects in e-government, the internet of things (IOT), smart cities,

financial technology, artificial intelligence, etc., the nation’s digital economy will surpass USD 43 billion by 2025.

the public and private sectors are facing an increase in cyber threats as a result of the nation’s unprecedented growth and demand

for digital services 16 .

https://www.trade.gov/country-commercial-guides/vietnam-information-and-communication-technologies

1 unchanged sentence

https://www.trade.gov/country-commercial-guides/vietnam-information-and-communication-technologies

industry in Philippines

Philippines ICT market size was valued at US$ 19.42 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 11.63%

to reach a value of US$ 33.65 billion by 2027.

The cumulative revenue generation for ICT providers in the Philippines is estimated at

US$ 154.18 billion for 2022-2027 17 .

Management International (BMI), a market research firm, projects that by 2025 software sales in the Philippines will total a $95

Local businesses have also increased their investment in enterprise architecture projects because of pushing for digital

transformation.

The availability of major security and enhancements for Microsoft Windows 11 was another factor driving the purchases.

The Philippines moved up two spots in the 2022 IMD Digital Competitiveness Ranking report, from 58th to 56th, from the previous year 18 .

Philippines move towards creating a “Bagong Pilipinas,” the government is implementing more effective methods of

delivering public services.

Launched in June 2023, the eGovPH App simplifies government procedures and has benefited 964,775 users with

its accessibility.

By collaborating with 38 government agencies, the DICT seeks to improve collaborative work and break down barriers

to innovation.

The digital National ID, also known as the PhilSys ID, eTravel for electronic passenger registration, and eLGU for local

government services are all available on the app.

By implementing the eLGU system’s Business Permit module, 776 LGUs are increasing

the accessibility and effectiveness of government services 19 .

management has also been given top priority by the DICT thanks to its collaboration with the World Food Programme.

Six cutting-edge mobile

emergency telecommunication units are part of the Government Emergency Communications System – Mobile Operations Vehicle for Emergencies

(GECS-MOVE) project, enhancing disaster response capabilities 20 .

Philippines’ Department of Information and Communications Technology (DICT) is preparing for a substantial year in 2024 after reaching

significant goals in creating an established ICT ecosystem.

International attention has been drawn to the nation’s commitment to

ICT development and overall growth.

The Board of Investments recently recorded its highest-ever investment approvals at Php1.16 trillion

(S$31.32 billion), indicating a 59% increase from 2022.

A significant portion of this growth has come from the ICT sector, with approvals

totaling Php96.16 billion (S$2.60 billion).

A P5.6 billion (S$151.2 million) investment from IPS Incorporated, a Japanese telecom company,

and a P4 billion (S$108 million) public-private partnership with IPS affiliate, Infinivan, to accelerate the National Broadband Plan

deployment are two noteworthy initiatives.

ICT industry in Philippines

The Philippines ICT market size was valued at US$

19.42 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 11.63% to reach a value of US$ 33.65 billion by 2027.

The cumulative revenue generation for ICT providers in the Philippines is estimated at US$ 154.18 billion for 2022-2027 17 .

Business Management International (BMI), a market

research firm, projects that by 2025 software sales in the Philippines will total a $95 million USD.

Local businesses have also increased

their investment in enterprise architecture projects because of pushing for digital transformation.

The availability of major security

and enhancements for Microsoft Windows 11 was another factor driving the purchases.

The Philippines moved up two spots in the 2022 IMD

Digital Competitiveness Ranking report, from 58th to 56th, from the previous year 18 .

As Philippines move towards creating a “Bagong

Pilipinas,” the government is implementing more effective methods of delivering public services.

Launched in June 2023, the eGovPH

App simplifies government procedures and has benefited 964,775 users with its accessibility.

By collaborating with 38 government agencies,

the DICT seeks to improve collaborative work and break down barriers to innovation.

The digital National ID, also known as the PhilSys

ID, eTravel for electronic passenger registration, and eLGU for local government services are all available on the app.

By implementing

the eLGU system’s Business Permit module, 776 LGUs are increasing the accessibility and effectiveness of government services 19 .

Disaster management has also been given top priority

by the DICT thanks to its collaboration with the World Food Programme.

Six cutting-edge mobile emergency telecommunication units are part

of the Government Emergency Communications System – Mobile Operations Vehicle for Emergencies (GECS-MOVE) project, enhancing disaster

response capabilities 20 .

The Philippines’ Department of Information and

Communications Technology (DICT) is preparing for a substantial year in 2024 after reaching significant goals in creating an established

ICT ecosystem.

International attention has been drawn to the nation’s commitment to ICT development and overall growth.

of Investments recently recorded its highest-ever investment approvals at Php1.16 trillion (S$31.32 billion), indicating a 59% increase

A significant portion of this growth has come from the ICT sector, with approvals totaling Php96.16 billion (S$2.60 billion).

A P5.6 billion (S$151.2 million) investment from IPS Incorporated, a Japanese telecom company, and a P4 billion (S$108 million) public-private

partnership with IPS affiliate, Infinivan, to accelerate the National Broadband Plan deployment are two noteworthy initiatives.

https://www.globaldata.com/store/report/philippines-ict-market-analysis/

2 unchanged sentences

https://www.etcluster.org/sites/default/files/documents/20211027_DICT%20GECS%20MOVE%20Factsheet.pdf

Solutions and Services

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.

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:

Our Solutions and Services

We 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.

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.

The 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.

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.

The feasibility reports cover seven main areas to

clearly identify the pain points that entrepreneurs may encounter within the ICT market:

- Direction and Strategy

5 unchanged sentences

- Profitability

& Business Opportunities

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.

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.

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

We strongly believe that our team with years of experience in the ICT industry will be able to reinforce the importance of digitization

and incubate promising entrepreneurs in the ICT industry who can shape the country’s future.

With the experience of our officers

and directors in this industry, we believe that we are able to benefit our members by making recommendations pursuant to the digital

economy, conducting market analysis, and tracking digital progress metrics throughout Southeast Asia.

and Corporate Advisory Team

strong regional entrepreneurs is not our sole aim, we also aspire to build an ICT ecosystem in the region through the tool of securitization

that could assist our clients to compete on the world stage.

As such, we have entered into a memorandum of understanding with the National

ICT Association of Malaysia (PIKOM), and GreenPro Capital Corp (NASDAQ:

GRNQ) to enter into a partnership to create greater value for

the high-growth emerging companies in the ASIA region.

In collaboration with Greenpro, our corporate development advisory services can

be flexible arrangement, custom fitted for members and their needs.

We provide advisory services to ascertain that our clients are well

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

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.

plan to explore tech-based marketplaces and attract IT startup entrepreneurs around ASIA countries through building our corporate image

and awareness through corporate seminars, website and pitching events.

Further, we had developed a corporate website which will introduce

our SEATech Corporate Ventures Program.

this time, we intend for the SEATech Corporate Ventures Program to be comprised of the following:

Mentorship on Pitching - Participate in SEATech’s corporate accelerator programs which will mentor ICT entrepreneur’s pitching

skills and educate their mind-set of current business environment.

Corporate Event – Opportunity to attend seminars / workshops where they will be provided with professional ICT advisory solutions

by our experienced officer and director.

Roadshow and Fund-Raising Advisory Opportunity to participate in event to provide entrepreneurs with knowledge of options available within

the capital market and to enhance their understanding of compliance requirements to respective capital market rules and regulations.

Matchmaking & Business Opportunities Potential collaborations for local entrepreneurs to meet some of the region’s most innovative

market our advisory services through this corporate website and utilize search engine marketing to improve the visibility of our corporate

At this point in time, our website was in place and accessible at:

Match-Making & Business Opportunities

The 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.

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

Technology Team

It is the Company’s belief that digital products

and services are transforming industries, enriching lives, and propelling progress.

We strongly believe that our team with years of experience

in the ICT industry will be able to reinforce the importance of digitization and incubate promising entrepreneurs in the ICT industry

who can shape the country’s future.

With the experience of our officers and directors in this industry, we believe that we are able

to benefit our members by making recommendations pursuant to the digital economy, conducting market analysis, and tracking digital progress

metrics throughout Southeast Asia.

Financial and Corporate Advisory Team

Growing strong regional entrepreneurs is not our sole

aim, we also aspire to build an ICT ecosystem in the region through the tool of securitization that could assist our clients to compete

on the world stage.

As such, we have entered into a memorandum of understanding with the National ICT Association of Malaysia (PIKOM),

and GreenPro Capital Corp (NASDAQ:

GRNQ) to enter into a partnership to create greater value for the high-growth emerging companies in

the ASIA region.

In collaboration with Greenpro, our corporate development advisory services can be flexible arrangement, custom fitted

for members and their needs.

We provide advisory services to ascertain that our clients are well structured and have clearly delineated

funding options available in the capital marketplace.

Corporate Program

Despite 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.

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

For the year ended December 31, 2024, we did not generate revenue due to

adverse economic situation.

We are continuously exploring new business opportunities.

We plan to explore tech-based marketplaces and attract

IT startup entrepreneurs around ASIA countries through building our corporate image and awareness through corporate seminars, website

and pitching events.

Further, we had developed a corporate website which will introduce our SEATech Corporate Ventures Program.

At this time, we intend for the SEATech Corporate

Ventures Program to be comprised of the following:

Mentorship on Pitching - Participate in SEATech’s

corporate accelerator programs which will mentor ICT entrepreneur’s pitching skills and educate their mind-set of current business

Corporate Event – Opportunity to attend seminars

/ workshops where they will be provided with professional ICT advisory solutions by our experienced officer and director.

Roadshow and Fund-Raising Advisory Opportunity

to participate in event to provide entrepreneurs with knowledge of options available within the capital market and to enhance their understanding

of compliance requirements to respective capital market rules and regulations.

Matchmaking & Business Opportunities Potential

collaborations for local entrepreneurs to meet some of the region’s most innovative start-ups.

We market our advisory services through this corporate

website and utilize search engine marketing to improve the visibility of our corporate website.

At this point in time, our website was

in place and accessible at:

https://www.seatech-ventures.com/.

and Targeted Market

the 2024 financial year, our plan is to recruit at least three managing partners in each country where we operate.

We are initially targeting

expansion into the Asian market, specifically in Thailand, Indonesia, Singapore, Philippines, Vietnam, Myanmar, Cambodia, Taiwan, China,

and Hong Kong.

We are seeking senior individuals with extensive experience in the ICT industry who are capable of providing thorough

analysis, corporate management advice, and developing business solutions for ICT companies looking to expand.

These partners will also

be responsible for conducting performance assessments and implementing our new strategic plans and objectives.

the next 12 months, we plan to expand our team in Malaysia by hiring fifteen to twenty new employees, including accountants, public relations

professionals, and ICT business consultants.

Expansion and Targeted Market

For the 2024 financial year, our plan is to recruit

at least three managing partners in each country where we operate.

We are initially targeting expansion into the Asian market, specifically

in Thailand, Indonesia, Singapore, Philippines, Vietnam, Myanmar, Cambodia, Taiwan, China, and Hong Kong.

We are seeking senior individuals

with extensive experience in the ICT industry who are capable of providing thorough analysis, corporate management advice, and developing

business solutions for ICT companies looking to expand.

These partners will also be responsible for conducting performance assessments

and implementing our new strategic plans and objectives.

Over the next 12 months, we plan to expand our team

in Malaysia by hiring fifteen to twenty new employees, including accountants, public relations professionals, and ICT business consultants.

These additions will help us strengthen our operational capabilities.

Additionally, we will

be securing office space to support our business activities and to provide a venue for meetings with potential clients.

are also committed to funding our ICT Incubator Program, which will require substantial investment in research, development, and testing.

Due to the complex nature of this initiative, we are currently unable to establish a fixed timeline or budget.

As our operations evolve,

we will consider potential acquisitions and venture opportunities that may complement our existing activities, particularly following

our successful listing on the US capital market.

strategic expansion and recruitment effort in Malaysia is part of our broader commitment to enhancing our presence in key markets and

reinforcing our service offerings in the ICT sector.

By bolstering our team with skilled professionals and establishing a more robust

operational base, we aim to improve our competitive edge and responsiveness to market demands.

parallel, our investment in the ICT Incubator Program reflects our dedication to fostering innovation and nurturing new technologies

that could lead to groundbreaking developments in the industry.

This program will serve as a catalyst for transforming fresh ideas into

viable products and services, thereby contributing to the overall growth of the ICT sector.

we move forward, our exploration of potential acquisitions and venture opportunities will be guided by a strategic focus on creating

synergies with our current operations.

This approach will ensure that any new partnerships or integrations not only align with but also

enhance our core business objectives.

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, 2023, the Company has generated $328,340 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, 2023, the Company has a total of 3 full-time employees at our headquarter office in Kuala Lumpur, Malaysia.

The 3 full-time

employees are administrative staffs of the Company.

Chief Executive Officer, Executive Directors and Chief Financial Officer, have flexible working hours, up to 30 hours per week, but are

prepared to devote more time if necessary.

independent non-executive directors also have flexibility working hours with no time limits, but are prepared to devote more time if

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

however, we may adopt

plans in the future.

There are presently no personal benefits available to our Officers, Directors or employees.

present, we are subject to the laws and regulations of the jurisdictions in which we operate, which may include business licensing requirements,

income taxes and payroll taxes.

In general, the development and operation of our business is not subject to special regulatory and supervisory

requirements.

are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information

under this item.

Additionally, we will be securing office space to support our business

activities and to provide a venue for meetings with potential clients.

We are also committed to funding our ICT Incubator

Program, which will require substantial investment in research, development, and testing.

Due to the complex nature of this initiative,

we are currently unable to establish a fixed timeline or budget.

As our operations evolve, we will consider potential acquisitions and

venture opportunities that may complement our existing activities, particularly following our successful listing on the US capital market.

This strategic expansion and recruitment effort in

Malaysia is part of our broader commitment to enhancing our presence in key markets and reinforcing our service offerings in the ICT sector.

By bolstering our team with skilled professionals and establishing a more robust operational base, we aim to improve our competitive edge

and responsiveness to market demands.

In parallel, our investment in the ICT Incubator Program

reflects our dedication to fostering innovation and nurturing new technologies that could lead to groundbreaking developments in the industry.

This program will serve as a catalyst for transforming fresh ideas into viable products and services, thereby contributing to the overall

growth of the ICT sector.

As we move forward, our exploration of potential acquisitions

and venture opportunities will be guided by a strategic focus on creating synergies with our current operations.

This approach will ensure

that any new partnerships or integrations not only align with but also enhance our core business objectives.

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.

The Company will seek to improve its competency in ICT so as to create

a competitive advantage over our existing and/or potential competitors.

For the year ended December 31,

2024, due to adverse economic situation, the Company has generated $0 revenue from customers through the provision of business

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

As of December 31, 2024, the Company has a total of

1 full-time employee at our headquarter office in Kuala Lumpur, Malaysia.

The 1 full-time employee is administrative staffs of the Company.

Our Chief Executive Officer, Executive Directors and

Chief Financial Officer, have flexible working hours, up to 30 hours per week, but are prepared to devote more time if necessary.

Our independent non-executive directors also have

flexibility working hours with no time limits, but are prepared to devote more time if necessary.

We do not presently have pension, health, annuity,

insurance, stock options, profit sharing, or similar benefit plans;

however, we may adopt plans in the future.

There are presently no

personal benefits available to our Officers, Directors or employees.

Government Regulation

At present, we are subject to the laws and regulations

of the jurisdictions in which we operate, which may include business licensing requirements, income taxes and payroll taxes.

the development and operation of our business is not subject to special regulatory and supervisory requirements.

We are a smaller reporting company as defined by Rule

12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

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