Financial Analysis

15. COMMITMENT AND CONTINGENCIES As of December 31, 2024 and 2025, the Company did no t have any capital commitments and contingencies.

CommitmentsAndContingenciesDisclosureTextBlock

10. INCOME TAXES For the year ended December 31, 2025 and year ended December 31, 2024, the local (United States) and foreign components of profit/(loss) before income taxes were comprised of the following: SCHEDULE OF LOSS BEFORE INCOME TAXES For the year ended December 31, 2025 For the year ended December 31, 2024 Tax jurisdictions from: - Local $ (56,516 ) $ (87,345 ) - Foreign, representing Labuan 26,832 (33,519 ) Hong Kong (7,240 ) (30,104 ) Malaysia (2,417 ) (5,958 ) Loss before income tax $ (39,341 ) $ (156,926 ) SEATECH VENTURES CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 (Currency expressed in United States Dollars (US$), except for number of shares) The provision for income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAXES For the year ended December 31, 2025 For the year ended December 31, 2024 Current: - Local $ - $ - - Foreign - - Deferred: - Local - - - Foreign - - Income tax expense $ - $ - The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States, Malaysia and Hong Kong that are subject to taxes in the jurisdictions in which they operate, as follows: United States of America The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of December 31, …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

12. RELATED PARTY BALANCES AND TRANSACTIONS SCHEDULE OF RELATED PARTY BALANCES AND TRANSACTIONS Accounts receivable from related parties (Refer Note 5): As of December 31, 2025 (Audited) As of December 31, 2024 (Audited) Accounts receivable, net - catTHIS Holdings Corp. 1 (net of allowance of $ 115,000 as of December 31, 2025 and December 31, 2024 respectively) $ - $ - Total $ - $ - Accounts receivable from related parties $ - $ - The above related party receivables are trade in nature and subject to normal trade terms. Other receivable from related parties (Refer Note 6): As of December 31, 2025 (Audited) As of December 31, 2024 (Audited) Other receivable $ 4,742 $ 1,848 $ 4,742 $ 1,848 As of December 31, 2025, the other receivable represents proceed from disposal of the subsidiaries receivable from the former Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and Director, Mr, Chin Chee Seong. Account payable due to related parties (Refer Note 8): As of December 31, 2025 (Audited) As of December 31, 2024 (Audited) Account payable: - GreenPro Financial Consulting Limited 4 $ 285,200 $ 285,200 Accounts payable $ 285,200 $ 285,200 The above related party account payable is trade in nature and subject to normal trade terms. Other payables due to related parties (Refer Note 9): - AleeanPeace Group Holding Limited 5 20,157 - - Mr. Raymond Lee Siu Kuen 6 40,205 - - Mr. Gilbert Loke Che Chan 7 15,393 - - Mr. Chin Chee Seong (Former Director and Execut …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

14. SEGMENT INFORMATION ASC 280, Segment Reporting establishes standards for reporting information about operating segments on a basis consistent with the Companys internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the Segment Reporting Topic of the ASC, the Companys chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under Segment Reporting due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes. The Company had no inter-segment sales for the years presented. Summarized financial information concerning the Companys reportable segments is shown as below: By Geography: SCHEDULE OF REPORTABLE SEGMENTS United States Malaysia Hong Kong Total For the year ended December 31, 2025 United States Malaysia Hong Kong Tot …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes. Basis of presentation The consolidated financial statements for SEATech Ventures Corp. and its subsidiaries for the year ended December 31, 2025 is prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) and include the accounts of SEATech Ventures Corp., its wholly owned subsidiaries, SEATech Ventures Corp. and SEATech Ventures (HK) Limited. Intercompany accounts and transactions have been eliminated on consolidation. The Company has adopted December 31 as its fiscal year end. Basis of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries in which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated upon consolidation. Related party A related party is generally defined as (i) any person that holds 10% or more of the Companys securities and their immediate families, (ii) the Companys management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered to be a related par …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

3. COMMON STOCK On October 13, 2023, the Company issued 21,831,660 shares of its restricted common stock at $ 0.80 per share to the shareholders of Just Supply Chain Limited (JSCL), for acquisition of one hundred percent ( 100 %) of the equity of JSCL. On May 06, 2024, the acquisition has been cancelled due to factors that came to light on the valuation of the entity, resulted on July 01, 2024, the 21,831,660 shares were returned to the Company and were held as treasury shares, subsequently cancellation of the shares on November 12, 2024. As of December 31, 2024 and 2023, the Company had received proceeds and entered into binding subscription agreements for 22,500 shares and 20,000 shares respectively, that were issued in April 2025. The Company had no remaining substantive performance obligations, and the investors were irrevocably committed to the transactions as of the balance sheet date, with no conditions precedent remaining. On April 18, 2025, the Company issued 42,500 shares of common stock to four investors at $ 1.00 per share pursuant to subscription agreements. Although the shares were physically issued in April 2025, they were backdated and treated as effective as of March 31, 2025. As of December 31, 2025, SEATech Ventures Corp. has an issued and outstanding common share of 92,562,343 . …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

16. SUBSEQUENT EVENTS In accordance with ASC Topic 855, Subsequent Events , which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all subsequent events through the filing date of this Form 10-K with the SEC, to ensure that this filing includes appropriate disclosure of events both recognized in the financial statements as of December 31, 2025, and events which occurred subsequently but were not recognized in the financial statements. During the year, there was no subsequent event that required recognition or disclosure. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing