Financial Analysis

The table below shows the revenue disaggregation by type of services for the year ended December 31, 2025 and 2024: SCHEDULE OF REVENUE DISAGGREGATION BY TYPE OF SERVICES Revenue disaggregation by type of services As of December 31, 2025 (Audited) As of December 31, 2024 (Audited) Payment Processing (Fintech) $ 1,913,450 $ 1,257,270 Regulatory Technology (RegTech) 2,288,747 1,801,730 Robotic Process Automation (RPA) 924,053 323,432 Total revenue $ 5,126,250 $ 3,382,432

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14. INCOME TAXES The loss before income taxes of the Company for the years ended December 31, 2025 and 2024 were comprised of the following: SCHEDULE OF LOSS BEFORE INCOME TAXES 2025 2024 For the years ended December 31, 2025 2024 Tax jurisdictions from: - Local $ (385,358 ) $ (208,993 ) - Foreign, representing: Hong Kong (11,588 ) (49,665 ) British Virginia Island (non-taxable jurisdiction) (4,850 ) (2,550 ) Labuan, Malaysia (non-taxable jurisdiction) 3,016 (81,873 ) Malaysia 438,447 300,104 Income/(Loss) before income taxes $ 39,667 $ (42,977 ) Provision for income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAXES For the years ended December 31 2025 2024 Current: - Local $ - $ - - Foreign $ (159,940 ) $ (118,991 ) Deferred tax assets: - Local $ - $ - - Foreign $ - $ 324 Deferred tax liabilities: - Local $ - $ - - Foreign $ 8,212 $ 4,991 Income tax payable: - Local $ - $ - - Foreign $ 71,269 $ 60,483 Tax assets: - Local $ - $ - - Foreign $ 99,094 $ 280,354 Effective and Statutory Rate Reconciliation 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 following table summarizes a reconciliation of the Companys income taxes expenses: SCHEDULE OF RECONCILIATION OF INCOME TAXES EXPENSES 2025 2024 For the years ended December 31, 2025 2024 Computed expected expenses (21 )% 21 % Effect of foreign tax rate difference (38 )% (66 )% Valuation al …

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11. LEASE RIGHT-OF-USE ASSET AND OPERATING LEASE LIABILITIES Leases are classified as operating leases or finance leases in accordance with ASC 842. The Companys operating leases are mainly related to office facilities. For leases with terms greater than 12 months, the Company records the related asset and liability at the present value of lease payments over the term. The Companys lease agreements do not contain any material guarantees or restrictive covenants. The Company does not have any material finance leases or any sublease activities. Short-term leases, defined as leases with initial term of 12 months or less, are not reflected on the consolidated balance sheet. During the year ended December 31, 2025, the Company entered into three new lease agreements primarily related to office facilities. As a result, the Company recognized operating lease right-of-use assets of $ 640,405 and corresponding lease liabilities of $ 640,405 . These leases have a weighted-average remaining lease term of approximately 8.13 years. The weighted-average discount rate used to measure these lease liabilities was 6.65 %. During the year ended December 31, 2025, the Company reassessed its lease term assumptions for certain leased office facilities and determined that it is no longer reasonably certain to exercise certain renewal options. This reassessment was primarily driven by changes in the terms of the underlying lease agreements. As a result, the Company remeasured the related lease liabi …

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Recently Issued Accounting Standards and Adopted In November 2024, the FASB issued ASU 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40), which requires enhanced disclosures of certain income statement expenses. In January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. The standard is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted, either prospectively or retrospectively. In July 2025, the FASB issued ASU 2025-05, Financial InstrumentsCredit Losses (Topic 326), which introduces a practical expedient for measuring expected credit losses on trade receivables and contract assets. Under ASU 2025-05, an entity is required to disclose whether it has elected to use the practical expedient. An entity that makes the accounting policy election is required to disclose the date through which subsequent cash collections are evaluated. The Company already adopted this ASU on its consolidated financial statements and related disclosure. The Company has elected practical expedient under ASU 2025-05 for the year ended December 31, 2025 which permits assuming that current conditions as of the balance sheet date will remain unchanged for the remaining life of the asset when estimating expected credit losses. Accordingly, the Companys estimate of expected credit losses for current accounts …

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12. RELATED PARTY TRANSACTIONS For the years ended December 31, 2025 and 2024, the Company has following transactions with related parties: SCHEDULE OF RELATED PARTIES TRANSACTIONS For the year ended December 31, 2025 For the year ended December 31, 2024 Purchases - Insite MY International, Inc. $ 44,376 $ 77,294 Leasing - Office space leasing 95,995 94,981 Total $ 140,371 $ 172,275 Our Chief Executive Officer, Mr. Kai Cheong Wong is a majority shareholder of Insite MY International, Inc. For the years ended December 31, 2025 and 2024, the Company has paid $ 45,052 and $ 42,288 respectively to our Chief Executive Officer, Mr. Kai Cheong Wong, pertaining to leasing of office space. For the years ended December 31, 2025 and 2024, the Company has paid $ 50,943 and $ 52,693 respectively to Ms. Tan Siew Meng, the spouse of our Chief Executive Officer, Mr. Kai Cheong Wong, pertaining to leasing of office spaces.

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3. REVENUE FROM CONTRACTS WITH CUSTOMERS The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers, by applying the five-step model to all contracts with customers: (i) identification of the contract, (ii) identification of performance obligations, (iii) determination of the transaction price, (iv) allocation of the transaction price to the performance obligations, and (v) recognition of revenue when, or as, the Company satisfies a performance obligation. The Companys revenue is derived from the provision of system solutions in Payment Processing (Fintech), Regulatory Technology (RegTech) and Robotic Process Automation (RPA). Each contract specifies the services to be delivered, the total consideration, and the applicable payment terms. Performance obligations generally consist of the delivery of software solutions, implementation services, customization, and, when applicable, post-implementation support and maintenance. The Company evaluates whether such services are distinct and accounts for them as separate performance obligations if appropriate. The transaction price is determined based on the consideration specified in the contract, which may include fixed and variable amounts. Variable consideration, if any, is estimated using either the expected value or the most likely amount method, depending on which better predicts the amount of consideration to which the Company will be entitled. The Company includes variable consideration in …

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18. SEGMENT REPORTING 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. The Company has three reportable segments based on business unit, Payment Processing (Fintech), Regulatory Technology (RegTech) and Robotic Process Automation (RPA) businesses and two reportable segments based on country, Malaysia and Non-Malaysia. The Company adopted the ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. 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 aggrega …

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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (US GAAP). The accompanying financial statements include the accounts of the Company and its subsidiaries and associates. Intercompany transactions and balances were eliminated in consolidation. The Company has adopted December 31 as its fiscal year end. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries and majority-owned subsidiaries which the Company controls and entities for which the Company is the primary beneficiary. For those consolidated subsidiaries where the Companys ownership is less than 100%, the outside shareholders interests are shown as non-controlling interests in equity. Acquired businesses are included in the consolidated financial statements from the date on which control is transferred to the Company. Subsidiaries are deconsolidated from the date that control ceases. All inter-company accounts and transactions have been eliminated in consolidation. Below is the organization chart of the Group. Restatement of financial statements Subsequent to the issuance of the Companys Annual Report on Form 10-K for the year ended December 31, 2024, the Company identified that share subscriptions received in advance had been recorded incorrectly as accrued liabilities and other payable …

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15. SHAREHOLDERS EQUITY On June 14, 2019, the Company issued 100,000 shares of restricted common stock, with a par value of $ 0.0001 per share, to Kai Cheong Wong in consideration of $ 10 . The $ 10 in proceeds went to the Company to be used as working capital. Mr. Wong serves as our Chief Executive Officer, President, Secretary, Treasurer and as member of our Board of Directors. On December 18, 2019, we, the Company acquired 100 % of the equity interests of AsiaFIN Holdings Corp. (herein referred to as the Malaysia Company), a private limited company incorporated in Labuan, Malaysia. In consideration of the equity interests of AsiaFIN Holdings Corp., our Chief Executive Officer, Mr. Wong was compensated $ 1 HKD. On December 20, 2019, the Company issued 21,900,000 shares of restricted common stock to Kai Cheong Wong with a par value of $ 0.0001 per share, in consideration of $ 2,190 . The $ 2,190 in proceeds went to the Company to be used as working capital. On December 20, 2019, the Company issued 21,850,000 shares of restricted common stock to See Unicorn Ventures Sdn. Bhd., a company incorporated in Malaysia, with a par value of $ 0.0001 per share, in consideration of $ 2,185 . The $ 2,185 went to the Company to be used as working capital. Our Director, Dato Kok Wah Seah, is a shareholder of See Unicorn Ventures Sdn. Bhd. On December 20, 2019, the Company issued 10,000,000 shares of restricted common stock to SEATech Ventures Corp., a company incorporated in Nevada, with a …

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19. 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 events or transactions that occurred after December 31, 2025 up through the date the Company presented these audited financial statements. …

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