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 UNITED
STATES

 SECURITIES
AND EXCHANGE COMMISSION

 Washington,
D.C. 20549

 FORM

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
The Fiscal Year Ended December 31, 2023

 or

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
the transition period from __________ to __________

 Commission
File Number 000-56421

 (Exact
name of registrant issuer as specified in its charter)

 Nevada

 37-1950147

 (State
 or other jurisdiction of

 incorporation
 or organization)

 (I.R.S.
 Employer

 Identification
 No.)

 Suite
30.02, 30th Floor, Menara KH (Promet), Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia.

 Address
of principal executive offices, including zip code

 +(60)3 2148 7170

 Registrant's
phone number, including area code

 Securities
registered pursuant to Section 12(b) of the Securities Exchange Act: None

 Securities
registered pursuant to Section 12(g) of the Securities Exchange Act: None

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

 Yes
 No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

 Yes
 No

by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

 YES
 NO

by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit such files).

 YES
 NO

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company"
in Rule 12b-2 of the Exchange Act.

 Large accelerated
 filer

 Accelerated
 filer

 Non-accelerated
 filer

 Smaller reporting
 company

 Emerging growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 Yes
 No

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report.

 Yes
 No

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements.

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 Yes
 No

 State
the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which
the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's
most recently completed second fiscal quarter.

 N/A

 APPLICABLE
ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS

by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

 N/A

 APPLICABLE
ONLY TO CORPORATE REGISTRANTS

the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date.

 Class

 Outstanding
 at March 22, 2024

 Common Stock,
 $0.0001 par value

 DOCUMENTS
INCORPORATED BY REFERENCE

 No
documents are incorporated by reference.

 FORM

 For
the Fiscal Year Ended December 31, 2023

 Page
 #

 Item 1.

 Business

 Item 1A.

 Risk Factors

 Item 1B.

 Unresolved Staff Comments

 Item 1C.

 Cybersecurity

 Item 2.

 Properties

 Item 3.

 Legal Proceedings

 Item 4.

 Mine Safety Disclosures

 Item 5.

 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

 Item 6.

 [Reserved]

 Item 7.

 Management's Discussion and Analysis of Financial Condition and Results of Operations

 Item 7A.

 Quantitative and Qualitative Disclosures About Market Risk

 Item 8.

 Financial Statements and Supplementary Data

 Item 9.

 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 Item 9A.

 Controls and Procedures

 Item 9B.

 Other Information

 Item 9C.

 Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

 Item 10.

 Directors, Executive Officers and Corporate Governance

 Item 11.

 Executive Compensation

 Item 12.

 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Item 13.

 Certain Relationships and Related Transactions, and Director Independence

 Item 14.

 Principal Accounting Fees and Services

 Item 15.

 Exhibits, Financial Statement Schedules

 Item 16.

 Form 10-K Summary

 SIGNATURES

 CAUTIONARY
NOTE REGARDING FORWARD-LOOKING STATEMENTS

 This
Annual Report on Form 10-K contains forward-looking statements. These forward-looking statements are not historical facts but rather
are based on current expectations, estimates and projections. We may use words such as "anticipate," "expect,"
"intend," "plan," "believe," "foresee," "estimate" and variations of these
words and similar expressions to identify forward-looking statements. These statements are not guarantee of future performance and are
subject to certain risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause
actual results to differ materially from those expressed or forecasted. These risks and uncertainties include the following:

 The availability and
 adequacy of our cash flow to meet our requirements;

 Economic, competitive,
 demographic, business and other conditions in our local and regional markets;

 Changes or developments
 in laws, regulations or taxes in our industry;

 Actions taken or omitted
 to be taken by third parties including our suppliers and competitors, as well as legislative, regulatory, judicial and other governmental
 authorities;

 Competition in our industry;

 The loss of or failure
 to obtain any license or permit necessary or desirable in the operation of our business;

 Changes in our business
 strategy, capital improvements or development plans;

 The availability of
 additional capital to support capital improvements and development; and

 Other risks identified
 in this report and in our other filings with the Securities and Exchange Commission or the SEC.

 This
report should be read completely and with the understanding that actual future results may be materially different from what we expect.
The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration
of any changes occurring after the date of this Report. We will not update forward-looking statements even though our situation may change
in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events
or otherwise.

 Use
of Defined Terms

 Except
as otherwise indicated by the context, references in this report to:

 The "Company,"
 "we," "us," or "our," "AsiaFIN" are references to AsiaFIN Holdings Corp., a Nevada
 corporation.

 "Common Stock"
 refers to the common stock, par value $0.0001, of the Company;

 "U.S. dollar,"
 "$" and "US$" refer to the legal currency of the United States;

 "Securities Act"
 refers to the Securities Act of 1933, as amended; and

 "Exchange Act"
 refers to the Securities Exchange Act of 1934, as amended.

 PART
I

 ITEM
1. BUSINESS

 Corporate
History

Holdings Corp., a Nevada corporation ("the Company") was incorporated under the laws of the State of Nevada on June 14, 2019.

 On
June 14, 2019, Mr. Wong Kai Cheong was appointed Chief Executive Officer, President, Secretary, Treasurer and Director.

 On
September 18, 2020, Mr. Seah Kok Wah was appointed Director of the Company.

 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 23, 2019, AsiaFIN Holdings Corp., Malaysia Company acquired AsiaFIN Holdings Limited (herein referred to as the "Hong
Kong Company"), a private limited company incorporated in Hong Kong. In consideration of the equity interests of AsiaFIN Holdings
Limited, our Chief Executive Officer, Mr. Wong was compensated $1 HKD.

 On
December 22, 2022, AsiaFIN Holdings Corp. executed an Acquisition Agreement (herein referred to as the "Agreement") with
StarFIN Holdings Limited. (herein referred to as "SFHL"), a private limited company organized under the laws of British Virgin
Islands, and the shareholders of SFHL. Pursuant to the Agreement, the Company purchased 10,000 shares of SFHL (herein referred to as
the "SFHL Shares"), representing all of the issued and outstanding shares of common stock of SFHL. As consideration, the
Company agreed to issue to the shareholders of SFHL 8,232,038 shares of our common stock, at a value of $1.10 per share, for an aggregate
value of $9,055,242. We consummated the acquisition of SFHL on February 23, 2023.

 Our
Chief Executive Officer, President, Director, Secretary and Treasurer, Mr. Wong Kai Cheong is also the director of SFHL. Mr. Wong Kai
Cheong holds 29.94% of our issued and outstanding securities and 57.10% of the issued and outstanding securities of SFHL. Hoo Swee Ping,
the director of SFHL, holds 10.91% of our issued and outstanding securities and 40.22% of the issued and outstanding securities of SFHL.
Cham Hui Yin, our Finance Manager, holds 0.48% of the issued and outstanding securities of SFHL. Upon the consummation of the acquisition,
Mr. Wong Kai Cheong, Hoo Swee Ping and Cham Hui Yin received 8,051,511 shares of our restricted common stock collectively.

 Initially,
the Company, through its subsidiaries is in the business of providing market research studies and consulting services to its client,
which are primarily in the payment solution industry.

 After
the acquisition of SFHL on December 22, 2022, we have broadened our service offerings in the information technology industry such as
providing payment processing solution, software solution on regulatory and financial reporting (RegTech), and Robotic Process Automation
(RPA) software solution across Asia.

 Details
of the Company's subsidiaries and associate:

 No.

 Subsidiary

 Company
 Name

 Domicile
 and Date of Incorporation

 Particulars
 of

 Issued
 Capital

 Principal
 Activities

 AsiaFIN Holdings
 Corp.

 Labuan at July
 15, 2019

 1 shares of
 common stock

 Investment holding
 company

 AsiaFIN Holdings Limited

 Hong Kong at July 5, 2019

 1 shares of common stock

 StarFIN Holdings Limited

 British Virgin Island at
 August 19, 2021

 10,000 shares of common
 stock

 Insite MY Holdings Sdn Bhd
 (FKA StarFIN Asia Sdn Bhd)

 Malaysia at May 24, 2018

 11,400,102 shares of common
 stock

 OrangeFIN Academy Sdn Bhd
 (FKA Insite MY.Com Sdn Bhd)

 Malaysia at February 2,
 2000

 100,000 shares of common
 stock

 Provision of business system
 integration and management services

 `

 Insite MY Systems Sdn Bhd

 Malaysia at January 18,
 2000

 500,000 shares of common
 stock

 Insite MY Innovations Sdn
 Bhd

 Malaysia at January 18,
 2010

 540,000 shares of common
 stock

 OrangeFIN Asia Sdn Bhd

 Malaysia at January 25,
 2018

 50,000 shares of common
 stock

 Provision of computer programming
 activities and services

 TellUS Report Sdn Bhd

 Malaysia at September 22,
 2023

 60 shares of common stock

 No.

 Associate

 Company
 Name

 Domicile
 and Date of Incorporation

 Particulars
 of

 Issued
 Capital

 Principal
 Activities

 Murni StarFIN
 Sdn Bhd

 Malaysia at
 September 9, 2022

 100,000 shares
 of common stock

 Provision of
 information technology services

 Mr.
Wong Kai Cheong is the common director of all of aforementioned companies.

 The
Company's executive office is located at Suite 30.02, 30th Floor, Menara KH (Promet), Jalan Sultan Ismail, 50250 Kuala Lumpur,
Malaysia.

 Business
Overview

Holdings Corp. operates through its wholly owned subsidiaries by offering a range of system solutions in Payment Processing, Robotic
Process Automation (RPA), and Regulatory Technology (RegTech) to financial institutions, regulatory agencies, professional service providers
and private enterprises from various industries, with existing client in the Asia region. SFHL has over 60 key bank customers on payment
processing and Regtech and our Robotic Process Automation solution company has more than 100 customers in Asia.

 Payment
Processing

 We
have our own web-based payment processing system for check clearing used in central banks, financial institutions and payment system
providers. This image-based check truncation system (CTS) is similar to the one used in the United States of America, under the CHECK21
standards. Our CTS systems are sold in Malaysia, Singapore, Indonesia, Philippines, Myanmar, Thailand, Pakistan and Bangladesh.

 We
also have a ISO 20022 compliant payment gateway solutions for central bank and financial institutions that is capable of supporting the
Straight Through Processing (STP) of all types of payment transactions (including SWIFT, Real-Time Gross Settlement (RTGS), GIRO (NACHA
standards) and FAST payment and extendable to interface with various types of payment gateways. Our STP payment gateway are sold in Malaysia,
Myanmar and Indonesia.

 RegTech

 We
by Regulatory agencies such as Central Bank, Securities Commission, Tax Authority Department and Companies Registry. Our reporting platform
covers financial statistic reporting, credit risk exposure and analysis, risk management reports, FATCA & CRS reporting, external
sector reporting, Goods and Services Tax (GST) reporting for reporting entities. We have more than 20 financial institutions using our
platform.

 Additionally,
the company plans to further develop a RegTech Software as a Service (SaaS) solution for public listed companies and financial institution
for Environmental Social and Governance (ESG) compliant reporting. ESG guidelines have already been issued by Bank Negara Malaysia, the
central bank of Malaysia and Bursa Malaysia Stock Exchange for their members in reducing carbon footprint.

 Robotic
Process Automation

 We
have our own Artificial Intelligent (AI) based, Robotic Process Automation Software (RPA) solutions for financial institutions, large
corporations and small medium enterprises. RPA utilises software Robots for the automation of mundane, labour intensive, manual computer
operations. Robots are utilized for the processes where it helps to reduce operational costs and also costs arising from human error.
Our system automates the capturing of customer information from identity cards, passports and other identification peripherals. Our solution
will automatically extract data from customers' identity card, passport, etc. and will immediately fill-in the forms, eliminating
the friction and errors caused by manual input, through Intelligent Character Recognition technology and other AI based technologies.
Information extracted from an official identification document will then be checked against existing financial institutions database
for regulatory screening in Internal Blacklist Check, Anti Money Laundering, Credit Scoring Check, FATCA, Common Reporting Standard (CRS)
and ESG reporting, etc.

 Industry
Overview

 Payment
Market

 Southeast
Asia's booming digital payment market is expected to hit $2 trillion by transaction value in 2030, ballooning threefold over a
decade earlier, as more fintech and digital banks emerge from the best-funded segment in the region, according to a new Google-led study.
According to BlueWeave consulting firm, it expects the market size to grow at a robust CAGR of 21.1% during the forecast period (2022–2028)
recording a value of $67.42 billion by 2028.

 The
growth in digital payments parallels the continued growth of internet users in Southeast Asia, who are expected to number 460 million
this year. After years of acceleration, however, the report said digital adoption is "normalizing," with new users expected
to total 20 million in 2022, about half as many as were added in 2020 and 2021.

 The
rise of e-commerce and the O2O market has created many scenarios for people to adopt mobile payments in recent years. According to WorldPay,
digital/mobile wallet is expected to occupy 60.2% of e-commerce payments by 2024 in the Asia-Pacific region, followed by credit card
(16.1%).

 Robotic
Process Automation

 Robotic
Process Automation (RPA) also called "intelligent automation" or "smart automation" refers to advanced technologies
that can be programmed to perform a series of tasks, like data manipulation, triggering responses, and creating necessary communication
with other processes and systems. RPA is similar to traditional IT automation but the major difference between these technologies is
that RPA is, itself, capable of learning and is adaptive to changing circumstances, while a traditional IT automation system is not.
The Global Robotic Process Automation Market (RPA) Size accounted for $1.89 billion in 2021 and is projected to expand at a compound
annual growth rate (CAGR) of 38.2% from 2022 to 2030. 6

 The
Asia-Pacific region has the fastest-growing Robotic Process Automation market share, with significant growth being observed in countries
such as China, India, and Australia. The increasing adoption of RPA by the manufacturing and business process outsourcing (BPO) sectors
in the Asia-Pacific region is driving the growth of the RPA market in this region. 7 The Asia-Pacific robotic process automation
in information technology market is expected to develop with a CAGR of 25.95%, during the forecast years of 2021 to 2028.

 Regulatory
Technology

 Regulatory
Technology (RegTech) is the management of regulatory processes within the financial industry via technology, including regulatory monitoring,
reporting and compliance. In recent years, there has been a strong regulatory focus on financial crime. The key drivers of RegTech adoption
consist of compliance, cost and complexity. The ability of RegTech using technologies such as advanced analytics, robotic process automation
and cognitive computing offer new efficiencies in compliance, which offers a lower cost.

 As
the global RegTech market is projected to grow at a rate of over 20% per year to $16 billion by 2025, up from $6.3 billion in 2020, the
APAC region is expected to have the highest growth rate, growing at CAGR of 17.0% during the forecast period. Rising need for regulatory
compliance, increasing penetration of advanced technologies such Artificial intelligence (AI), Machine Learning (ML), and cloud computing
across the region, and implementation of these solution in fintech industries are some of the major driving factors for the regulatory
technology market in Asia-Pacific.

 Marketing

plans to participate frequently in several international or regional scale industry roadshows, conferences, and exhibitions to promote
its Focus Solutions to potential markets in Asia. And with planned participation in Award programs, AsiaFIN can be recognized as a premium
solution provider in Asia. For example, Gulf Information Technology Exhibition ("GITEX") Technology Week in Dubai, CES annual
trade show organized by Consumer Technology Association in Las Vegas, Singapore Fintech Festival organized by Monetary Authority of Singapore
in Singapore, and Robotic Process and Intelligence Automation Conference in ASEAN. We are also collaborating with the Malaysia Digital Economy Corporation, a Government agency, in their effort
to expand Malaysian companies into the International market. We have participated in the ASEAN missions as well as the Australian mission.
In future, we shall participate in the Middle East, Nordic and USA Select program.

 We
believe that while displaying our company through customized exhibition stands, banners, counters, brochures and leaflets at these events
or exhibition, we will be able to draw attention from the participants. We will then network and register these participants into our
prospective client list. Post event, we will utilize these connections by scheduling meetings in person with these prospects to demo
our proposed solutions (these proposed solutions maybe currently owned by third party or own by us in future).

 We
have developed our website at  to market our services, and we intend to utilize search engine marketing to improve
the visibility of our corporate website once we have successfully raised some funds. We also plan to explore omnichannel marketing options
through different social medias such as Instagram, Youtube, Linked In, and Facebook, to do a marketing campaign via direct messaging.

 We
also plan on reaching out to associations or any other organisations such as the FinTech Association of Malaysia
("FOAM") once we have made contact thorough our marketing efforts. We also have joined the Regtech Association based in
Sydney, Australia. We plan to start email marketing campaigns and send out emails to a large database associated with these
organisations accumulated through their memberships, pending formalization of any collaboration with these associations or
organisations.

 In
addition, AsiaFIN plans to create market expansion through joint ventures or strategic collaborations with software solution providers
and unattended payment kiosk providers in ASEAN countries such as Philippines, Indonesia, Thailand, Singapore, Malaysia and will then
further expand to the rest of countries in Asia, Nordics, Australia and USA. All of the above marketing plans have not yet been determined in sufficient detail to
outline at this time and remain under development.

 Competition

 We
operate in a highly competitive industry. We intend to focus on selling our solutions to companies in Asia, with a particular focus on
ASEAN countries. Although there are numerous alternatives, we intend to distinguish ourselves by creating a strong relationship with
our clients and by ensuring our commitment to provide exceptional solutions. In addition, we will continue to further develop our solutions
to maintain our market position, keep pace with latest technological changes and compete effectively in the market we are in operating.

 By
ensuring high customer satisfaction for our clients, we hope to ensure repeat sales from the same group of customers and generate the
referral of new clients. In addition, AsiaFIN will participate strongly in industry roadshows and conferences to promote our solutions
to potential markets in Asia. We intend to participate in Award programs, so we can be recognised as a premium solution provider in Asia.
We intend to use all available social media, for example Linked In, Instagram, YouTube and Facebook to promote our solutions. Lastly,
the Company intends to encourage our existing clients to furnish recommendation letters and organize signing ceremonies to further increase
awareness of our solutions and AsiaFIN in the future.

 Government
Regulation

 We
are subject to a variety of foreign, federal, state and local governmental laws and regulations related to data protection, anti-money
laundering and intellectual property. If we fail to comply with present or future financial system laws and regulations, we could be
subject to fines, suspension of production or a cessation of operations. In addition, under some foreign, federal, state and local statutes
and regulations, a governmental agency may seek recovery and response costs from operators that violates the laws such as data breaching
or illegal use of intellectual property, even if the operator was not responsible for the release or otherwise was not at fault.

 If
we become aware of the need for any permits necessary to conduct our operations, then we will apply for and attempt to receive all financial
system related intellectual property or permits necessary to conduct our business. As of the current date, we are not aware of any intellectual
property or license that need to be registered from foreign, federal, state or local agencies. Any failure by us to control the use of
other's intellectual property or data breaching could subject us to substantial financial liabilities, operational interruptions
and adverse publicity, any of which could materially and adversely affect our business, results of operations and financial condition.

 We
have listed the primary, but not necessarily only, rules and regulations that we believe apply to our business below:

 1)

 Financial Services Act 2013 (FSA)
 and The Islamic Financial Services Act 2013 (IFSA)

 The
FSA and IFSA came into force in 2013 replacing the repealed Payment System Act 2003 (PSA). The FSA and IFSA incorporates strengthened
provisions to regulate payment system operators and payment instrument issuers in order to promote safe, efficient and reliable payment
systems and instruments. Operators of systems that enable the transfer of funds from one banking account to another or provide payment
instrument network operation will require approval from the Central Bank of Malaysia to operate such systems. As for those wishing to
offer merchant acquiring services, such person is required to be registered with the Central Bank of Malaysia.

 The
FSA and IFSA contain provisions that enable Central Bank of Malaysia to effectively perform its oversight role. In general, this includes
empowering the Bank to specify standards, as well as, to issue directions, for the purpose of ensuring the safety, integrity, efficiency
and reliability of the payment systems and payment instruments

 2)

 Personal
 Data Protection Act 2010 (PDPA)

 Personal
Data Protection Department (PDPD) is an agency under the Ministry of Communications and Multimedia Commission (MCMC) was established
on May 16, 2011 after the Parliament passed the bill relating to the Personal Data Protection Act 2010 (PDPA) of Act 709. The main responsibility
of this department is to oversee the processing of personal data of individuals involved in commercial transactions by User Data that
is not misused and misapplied by the parties concerned.

 Based
on laws and regulations regarding PDPA requires that an individual must consent to the processing and disclosure of his/her personal
data. In processing personal data, we are also required to take steps and implement measures to protect the personal data from loss,
misuse and modification and maintain the integrity of the personal data processed. The personal data processed should not be kept longer
than is necessary for the fulfilment of the purpose for which it was collected and generally cannot be transferred offshore without the
consent of the individual to whom it relates.

 3)

 Anti-Money
 Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFA)

 The
AMLATFA provides for the offence of money laundering, the measures to be taken for the prevention of money laundering and terrorism financing
offenses, investigation powers and the forfeiture of property involved in or derived from money laundering and terrorism financing offenses,
as well as terrorist property, proceeds of an unlawful activity and instrumentalities of an offenses.

 Under
the Guidelines, the level and frequency of due diligence required should be commensurate with the level of money laundering and terrorism
financing risk posed by the customer based on the risk profiles and nature of the transactions. AMLATFA provides for substantial monetary
and imprisonment penalties for the failure to comply with the preventive measures laid down in AMLATFA. Similarly, failure to comply
with the Guidelines may be an offense.

 4)

 Intellectual
 Property Protection

 Intellectual
property system in Malaysia is administered by the Intellectual Property Corporation of Malaysia (MyIPO), an agency under the Ministry
of Domestic Trade and Consumer Affairs. Intellectual property protection in Malaysia comprises of patents, trademarks, industrial designs,
copyright and etc.

 a.

 Patents

 The
Patents Act 1983 and the Patents Regulations 1986 govern patent protection in Malaysia. An applicant may file a patent application directly
if he is domicile or resident in Malaysia. A foreign application can only be filed through a registered patent agent in Malaysia acting
on behalf of the applicant. Under the Act, the utility innovation certificate provides for an initial duration of ten years protection
from the date of filing of the application and renewable for further two consecutive terms of five years each subject to use.

 b.

 Trademarks

 Trademark
protection is governed by the Trademarks Act 1976 and the Trademarks Regulations 1997. The Act provides protection for registered trademarks
and service marks in Malaysia. Once registered, no person or enterprise other than its proprietor or authorized users may use them. Infringement
action can be initiated against abusers. The period of protection is ten years, renewable for a period of every ten years thereafter.
The proprietor of the trademark or service mark has the right to deal or assign as well as to license its use. As with patents, while
local applicant may file applications on their own, foreign applicants will have to do so through registered trademark agents.

 c.

 Copyright

 The
Copyright Act 1987 provides comprehensive protection for copyright works. The Act outlines the nature of works eligible for copyright
(which includes computer programs), the scope of protection, and the manner in which the protection is accorded. Copyright subsists in
every work eligible for copyright protection of which the author is a qualified person.

 The
Copyright (Amendment) Act 2012 entered into force on 1 March 2012. The Act was amended to be in line with technological development and
to adhere to the international IP conventions/treaties relating to copyright and related rights.

 5)

 Tax Treatments

 a.

 Digital
 tax

 Malaysia's
transition to a digital economy, the imposition of 6% service tax on foreign digital services ("Digital Tax") came into force
on 1 January 2020 pursuant to the Service Tax (Amendment) Act 2019. With the inception of this Digital Tax, foreign service providers
("FSPs") are now required to account and pay a service tax of 6% on any digital services provided by an FSP to consumers
in Malaysia, including services provided by businesses to consumers.

 The
Act defines "digital service" as any service that is delivered or subscribed over the internet or other electronic network
and which cannot be obtained without the use of information technology and where the delivery of the service is essentially automated.
Under the Guide, it further is stated that digital services mean services that is to be delivered through information technology medium
with minimal or no human intervention from service provider."

 The
Service Tax Policy 10/2020 (dated 17 April 2020) has revised to provide service tax exemption on provision of digital payment services
by local non-bank providers. In relation thereto, Local non-bank payment instrument issuers; Local non-bank merchant acquirers; and Local
non-bank payment system operators are exempted from charging Service Tax due and payable on such digital payment services. This exemption
is effective from 1 January 2020.

 Hong
Kong

 1)

 Anti-Money
 Laundering and Counter-Terrorist Financing Ordinance (AMLO) (Cap. 615)

 This
Ordinance provides for the statutory requirements relating to customer due diligence (CDD) and record-keeping for all financial institutions,
which include money remitters and money exchangers (collectively referred to as money service operators and making such an obligation
legally enforceable.

 In
the event that the CDD requirements are not met, this would be classified as an offence under the AMLO. Enforcement action would then
be taken by the relevant regulator, such as Hong Kong Monetary Authority and Securities and Futures Commission (Hong Kong), depending
on the financial institution involved in the breach. In addition, in regard to money service operators, the Customs and Excise Department
will be the regulator and will be responsible for taking enforcement action for any breach of the CDD requirements.

 2)

 Intellectual
 Property Protection

 To
underline the commitment of intellectual property protection, the Government established the Intellectual Property Department on 2 July
1990. The Intellectual Property Department is responsible for advising the Secretary for Commerce and Economic Development on policies
and legislation to protect intellectual property in the Hong Kong SAR; for operating the Hong Kong SAR's Trademarks, Patents, Designs
and Copyright Licensing Bodies Registries; for promoting awareness and protection of intellectual property through public education;
and for facilitating the development of Hong Kong SAR as an intellectual property trading hub in the region.

 a.

 Patents

 Hong
Kong SAR patent law is territorial. Patents granted in the Hong Kong SAR will only get protection in the Hong Kong SAR. The Hong Kong
SAR patent system is separate from the other patent systems in the Mainland China or elsewhere in the world. In other words, patents
granted by the State Intellectual Property Office in the Mainland China or other patent offices elsewhere do not automatically enjoy
protection in Hong Kong.

 b.

 Trademarks

 The
Hong Kong SAR's trademark registration system is separate from the other trademark systems in the Mainland China or elsewhere in
the world. Trademarks registered with the Trademark Office under the State Administration for Industry and Commerce of the People's
Republic of China or trademarks registries of other countries or regions do not automatically receive protection in the Hong Kong SAR.
In order to obtain protection as registered trademarks in the Hong Kong SAR, trademarks must be registered under the Trademarks Ordinance
(Cap 559).

 3)

 Personal Data
 (Privacy) Ordinance (PDPO) (Cap. 486)

 The
Personal Data (Privacy) Ordinance (PDPO) is the main legislation in Hong Kong that regulates the collection, use, transfer, processing
and storage of personal data and regulates both private and public sectors. However, some data users may be exempt from certain requirements
under the PDPO, for instance, where personal data is held/disclosed:

 for domestic
 or recreational purposes;

 by a court,
 magistrate or a judicial officer in the course of performing judicial functions;

 by or on behalf
 of the government to safeguard Hong Kong's security, defence or international relations;

 to prevent
 or detect crime; or

 solely for
 the purpose of a news activity.

 The
Office of the Privacy Commissioner for Personal Data (PCPD) has issued codes of practice, guidance notes and information leaflets that
provide data protection guidance in relation to specific industry sectors and activities, for instance, employee monitoring and the collection
and use of personal data through the Internet. Although these guidelines are not legally binding, the PCPD may take into consideration
any non-compliance with these guidelines when determining whether a data user has contravened the data protection principles of the PDPO.

 The
Personal Data (Privacy) (Amendment) Ordinance 2021 (the Ordinance) has been published in the Gazette with the purpose of creating offences
to curb doxing acts, and empowers the Privacy Commissioner for Personal Data ("Commissioner") to carry out criminal investigations,
institute prosecutions and issue cessation notices.

 Where
doxing occurs on or via their platforms or services, they may be the recipient of a cessation notice from the Commissioner, which requests
the removal of doxing messages, and it is a criminal offence to contravene a cessation notice. However, the law does not impose any obligation
on platform/online service operators to proactively monitor or censor content on their platforms/services.

 Where
the platform or online service operator has knowledge of potentially incriminating doxing content but does not remove it, there is a
risk of investigation into the content by the Commissioner which can prosecute offences in its own name where it suspects that an offence
has been committed, and the platform/online service operator may be the recipient of a cessation notice from the Commissioner.

 Seasonality

 Our
management believes that our operations are generally not subject to seasonal influences.

 Regulation
Regarding Labor and Social Insurance

 Employment
Act 1955 (Act 265)

 The
Employment Act 1955 (Act 265) ("the 1955 Act) is the primary legislation on labour matters in Malaysia. The 1955 Act provides for
minimum work requirements and benefits of employment, such as maximum working hours, overtime entitlement, leave entitlement, maternity
protection and termination benefits. Following the implementation of the Employment (Amendment of First Schedule) Order 2022, which came
into force on January 1, 2023, the applicability of the EA 1955 has been expanded to include any person who has entered into a contract
of service with an employer, irrespective of their monthly wages, is engaged in manual labor, serves as a supervisor of such manual labour,
serves as a domestic employee, or is engaged in any capacity in any vessel registered in Malaysia subject to certain conditions..

 Employee
Provident Fund Act 1991 (EPF)

 The
Employees' Provident Fund Act 1991 (Act 452) ("the 1991 Act") imposes the statutory obligations on employers and employees
to make contribution towards the Employees Provident Fund, which is essentially a fund established as a scheme of savings for employees'
retirement and the management of savings for the retirement purposes. Under the 1991 Act, any employer who fails to pay the necessary
contributions by the 15th of every month shall be liable to imprisonment for a term not exceeding three years or to a fine not exceeding
ten thousand ringgit or to both.

 Employee
Social Security Act 1969

 The
Employee's Social Security Act 1969 (Act 4) ("the 1969 Act') was implemented to provide protection for employees and
their families against economic and social distress in situations where the employees sustain injury or death. The schemes of social
security under the 1969 Act are administered by Social Security Organization ("SOCSO") and are financed by compulsory contributions
made by the employers and the employees. Under the 1969 Act, any person who fails to make contribution shall be all be punishable with
imprisonment for a term which may extend to two years, or with fine not exceeding ten thousand Ringgit, or with both.

 Employees

 As
of December 31, 2023, we have the following full-time employees:

 Management

 Analyst Programmer

 Project Manager and Quality Assurance

 Sales and Marketing

 Administration, Human Resources and Finance

 Total

 We believe that we maintain good relationships with our employees and have not experienced
any strikes or shutdowns and have not been involved in any labor disputes.

 ITEM
1A. RISK FACTORS

 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.

 ITEM
1B. UNRESOLVED STAFF COMMENTS

 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.

 ITEM
1C. CYBERSECURITY

 Risk
management and strategy

Holdings Corp. acknowledges the crucial necessity of establishing, executing, and sustaining strong cybersecurity measures to secure
our information systems. This is undertaken to uphold the confidentiality, integrity, and accessibility of our data.

 We
plan to strategically incorporate cybersecurity risk management into all our comprehensive risk management framework, fostering a corporate
culture that prioritizes cybersecurity at all levels. This integration shall be done in stages so as to guarantee that cybersecurity
factors are ingrained in our decision-making processes throughout the organization. We plan to incorporate a risk management team to
collaborate closely with the IT department, consistently assessing and mitigating cybersecurity risks in alignment with our business
goals and operational requirements.

 We
recognize the intricate and ever-changing nature of cybersecurity threats. To address this, we shall collaborate with external experts,
including cybersecurity assessors, consultants, and auditors. This cooperation shall involve regular audits, threat assessments, and
consultations to enhance our security measures. These efforts ensure that our cybersecurity strategies adhere to industry best practices
and remain effective in safeguarding our systems.

 Understanding
the potential risks associated with third-party service providers, we shall implemented stringent processes to oversee and manage these
concerns. We shall conduct thorough security assessments before engaging with any third-party provider and maintain ongoing monitoring
to ensure compliance with our cybersecurity standards. This involves quarterly assessments by our management and continuous evaluations
by our security engineers. This approach is designed to mitigate the risks of data breaches or other security incidents originating from
third-party sources.

 We
have not encountered cybersecurity issues that have significantly impacted our operational performance or financial status.

 Governance

 The
Board of Directors is fully aware of the vital importance of managing cybersecurity risks. To ensure effective governance in handling
these risks, the Board shall implement a strong oversight mechanisms. This reflects our understanding of the significant impact these
threats can have on operational integrity and stakeholder confidence.

 Our
Board of Directors is tasked with overseeing data privacy and cybersecurity risks. They regularly review the Company's cybersecurity
program with management, evaluating the adequacy of controls and security for our information technology systems. Additionally, they
assess the Company's response plan in case of a security breach affecting these systems. Annually, the Board of Directors receives
updates on potential cybersecurity incidents, data privacy, and compliance programs, engaging in active discussions with management on
cybersecurity risks.

 ITEM
2. PROPERTY

 We
have four physical office, which is located at:

 1.
 Suite
 30.02, 30th Floor, Menara KH (Promet), Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia.

 2.
 Unit
 17-11, Level 17, Tower A, Vertical Business Suites, Avenue 3 Bangsar South, No.8, Jalan Kerinchi,
 59200 Kuala Lumpur, Malaysia.

 3.
 Unit
 17-12, Level 17, Tower A, Vertical Business Suites, Avenue 3 Bangsar South, No.8, Jalan Kerinchi,
 59200 Kuala Lumpur, Malaysia.

 4.
 A2-17-1,
 St Mary Residence, Jalan Tengah, 50250 Kuala Lumpur, Malaysia.

 ITEM
3. LEGAL PROCEEDINGS

 From
time to time, we may become party to litigation or other legal proceedings that we consider to be a part of the ordinary course of our
business. We are not currently involved in legal proceedings that could reasonably be expected to have a material adverse effect on our
business, prospects, financial condition, or results of operations. We may become involved in material legal proceedings in the future.

 ITEM
4. MINE SAFETY DISCLOSURES

 Not
applicable.

 PART
II

 ITEM
5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 Market
Information

 The
Company sole class of common equity is currently quoted under OTC Markets under symbol ASFH since March 31, 2021. The Company believes
that we do not have an established public trading market and we cannot assure you that there will be any liquidity for our common stock
in the future and such quotation reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily
represent actual transactions.

 Fiscal Year 2023

 High Bid

 Low Bid

 First Quarter

 $
 1.20

 $
 1.20

 Second Quarter

 $
 1.20

 $
 1.20

 Third Quarter

 $
 1.20

 $
 1.20

 Fourth Quarter

 $
 1.20

 $
 1.20

 Fiscal Year 2022

 High Bid

 Low Bid

 First Quarter

 $
 1.20

 $
 1.20

 Second Quarter

 $
 1.20

 $
 1.20

 Third Quarter

 $
 1.20

 $
 1.20

 Fourth Quarter

 $
 1.20

 $
 1.20

 Holders

 As
of December 31, 2023, we had 81,551,838 shares of our Common Stock par value, $0.0001 issued
and outstanding. There were 156 beneficial owners of our Common Stock.

 Transfer
Agent and Registrar

 The
transfer agent for our capital stock is VStock Transfer, LLC, with an address at 18, Lafayette Place, Woodmere, New York 11598 and telephone
number is +1 (212)828-843.

 Penny
Stock Regulations

 The
Securities and Exchange Commission has adopted regulations which generally define "penny stock" to be an equity security
that has a market price of less than $5.00 per share. Our Common Stock, when and if a trading market develops, may fall within the definition
of penny stock and be subject to rules that impose additional sales practice requirements on broker-dealers who sell such securities
to persons other than established customers and accredited investors (generally those with assets in excess of $1,000,000, or annual
incomes exceeding $200,000 individually, or $300,000, together with their spouse).

 For
transactions covered by these rules, the broker-dealer must make a special suitability determination for the purchase of such securities
and have received the purchaser's prior written consent to the transaction. Additionally, for any transaction, other than exempt
transactions, involving a penny stock, the rules require the delivery, prior to the transaction, of a risk disclosure document mandated
by the Securities and Exchange Commission relating to the penny stock market. The broker-dealer also must disclose the commissions payable
to both the broker-dealer and the registered representative, current quotations for the securities and, if the broker-dealer is the sole
market-maker, the broker-dealer must disclose this fact and the broker-dealer's presumed control over the market. Finally, monthly
statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market
in penny stocks. Consequently, the "penny stock" rules may restrict the ability of broker-dealers to sell our Common Stock
and may affect the ability of investors to sell their Common Stock in the secondary market.

 In
addition to the "penny stock" rules promulgated by the Securities and Exchange Commission, the Financial Industry Regulatory
Authority ("FINRA") has adopted rules that require that in recommending an investment to a customer, a broker-dealer must
have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low-priced
securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer's
financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that
there is a high probability that speculative low-priced securities will not be suitable for at least some customers. The FINRA requirements
make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit the investors'
ability to buy and sell our stock.

 Dividend
Policy

 Any
future determination as to the declaration and payment of dividends on shares of our Common Stock will be made at the discretion of our
board of directors out of funds legally available for such purpose. We are under no obligations or restrictions to declare or pay dividends
on our shares of Common Stock. In addition, we currently have no plans to pay such dividends. Our board of directors currently intends
to retain all earnings for use in the business for the foreseeable future.

 Equity
Compensation Plan Information

 Currently,
there is no equity compensation plan in place.

 Unregistered
Sales of Equity Securities

 Currently,
there is no unregistered sales of equity securities.

 Purchase
of Equity Securities by the Registrant and Affiliated Purchasers

 We
have not repurchased any shares of our common stock during the year ended December 31, 2023.

 ITEM
6. SELECTED FINANCIAL DATA

 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.

 ITEM
7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 The
following discussion of our financial condition and results of operations should be read in conjunction with our audited consolidated
financial statements and the notes to those financial statements appearing elsewhere in this Report.

 Certain
statements in this Report constitute forward-looking statements. These forward-looking statements include statements, which involve risks
and uncertainties, regarding, among other things, (a) our projected sales, profitability, and cash flows, (b) our growth strategy, (c)
anticipated trends in our industry, (d) our future financing plans, and (e) our anticipated needs for, and use of, working capital. They
are generally identifiable by use of the words "may," "will," "should," "anticipate,"
"estimate," "plan," "potential," "project," "continuing," "ongoing,"
"expects," "management believes," "we believe," "we intend," or the negative of these
words or other variations on these words or comparable terminology. In light of these risks and uncertainties, there can be no assurance
that the forward-looking statements contained in this filing will in fact occur. You should not place undue reliance on these forward-looking
statements.

 The
forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities
laws, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which
the statements are made or to reflect the occurrence of unanticipated events.

 Overview

Holdings Corp. operates through its wholly owned subsidiaries by offering a range of system solutions in Payment Processing, Robotic
Process Automation (RPA), and Regulatory Technology (RegTech) to financial institutions, regulatory agencies, professional service providers
and private enterprises from various industries, with existing client in the Asia region. SFHL has over 80 key bank customers on payment
processing and RegTech and our Robotic Process Automation solution company has more than 100 customers in Asia.

 Results
of Operations

 For
the year ended December 31, 2023, the Company generated revenue in the amount of $3,109,515. The revenue was generated as a result of
the Company having provided services related to information technology business to the customers.

 For
the year ended December 31, 2022, the Company does not generate any revenue.

 Selling,
General and Administrative Expenses

 For
the year ended December 31, 2023, the Company had selling, general and administrative expenses in the amount of $2,901,636. These were
primarily comprised of salary expenses, audit fees, insurance and other professional fees.

 For
the year ended December 31, 2022, the Company had general and administrative expenses in the amount of $122,283. These were primarily
comprised of audit fees and other professional fees.

 The
significant increase of the general and administrative expenses was the result of the significant increase in salary expenses as the
Company hired more employees to expand their business.

 Net
Loss

 For
the year ended December 31, 2023, the Company has generated a net income of $19,214.

 For
the year ended December 31, 2022, the Company has incurred a net loss of $112,202.

 Liquidity
and Capital Resources

 As
of December 31, 2023 and 2022, we had cash and cash equivalents of $1,234,188 and $874,690 respectively. We expect increased levels of
operations going forward will result in more significant cash flows and in turn working.

 We
depend substantially on financing activities to provide us with the liquidity and capital resources we need to meet our working capital
requirements and to make capital investments in connection with ongoing operations.

 Cash
Used in Operating Activities

 For
the year ended December 31, 2023, the Company has used $210,454 in operating activity, of which primarily consist of minority
interest, increase in account receivable, decrease in other payables and accrued liabilities, decrease in deferred revenue, decrease
in income tax payable and reduction in lease liability contra by net income, share of loss from operation of associate, depreciation
and amortization, provision for credit loss allowance, increase in account payable, decrease in prepayment, deposits and other
receivables, increase in tax assets and increase in deferred income tax assets.

 For
the year ended December 31, 2022, the Company has used $105,991 in operating activity, of which primarily consist of net loss, decrease
in accounts payable, increase in deposits and other receivables contra by increase in income tax payable and increase in other payables
and accrued liabilities.

 Cash
Used in Investing Activities

 For
the year ended December 31, 2023 and 2022, the Company has invested $32,479 and $0 in investing activities, respectively for the acquisition
of computer systems and office equipment.

 Cash
Provided by Financing Activities

 For
the year ended December 31, 2023, the Company has used $74,578 in financing activities, primarily consist of advances to director.

 For
the year ended December 31, 2022, the Company did not receive nor used any cash in financing activity.

 Off-Balance
Sheet Arrangement

 We
have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial
condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital
resources that are material to our stockholders as of December 31, 2023 and December 31, 2022.

 Contractual
Obligation

 As
a smaller reporting company, we are not required to provide the aforementioned information.

 ITEM
7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 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.

 ITEM
8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

 The
financial statements required by this item are located following the signature page of this Annual Report.

 ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 None.

 ITEM
9A. CONTROLS AND PROCEDURES

 Disclosure
Controls and Procedures

 Disclosures
Control and Procedures

 We
maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the
"Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file
or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities
and Exchange Commission's rules and forms and that such information is accumulated and communicated to our management, including
our principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions
regarding required disclosure.

 We
carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer,
of the effectiveness of our disclosure controls and procedures as of December 31, 2023. Based on the evaluation of these disclosure controls
and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our chief executive
officer concluded that our disclosure controls and procedures were not effective.

 The
matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the
Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee due to a lack of a majority of independent
members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment
and monitoring of required internal controls and procedures; (2) inadequate segregation of duties and effective risk assessment; (3)
insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application
of both US GAAP and SEC guidelines; and (4) lack of internal audit function due to the fact that the Company lacks qualified resources
to perform the internal audit functions properly and that the scope and effectiveness of the internal audit function are yet to be developed.
The aforementioned material weaknesses were identified by our chief executive officer in connection with the review of our financial
statements as of December 31, 2023.

 Internal
Control over Financial Reporting

 Our
management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f)
and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. The internal controls for the Company are provided by executive management's review and approval
of all transactions. Our internal control over financial reporting also includes those policies and procedures that:

 Pertain to the maintenance
 of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;

 Provide reasonable assurance
 that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles
 generally accepted in the United States of America and that receipts and expenditures of the company are being made only in accordance
 with authorizations of management and directors of the company; and

 Provide reasonable assurance
 regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company's assets that could
 have a material effect on the financial statements.

 Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of
any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may deteriorate.

 Management
assessed the effectiveness of the Company's internal control over financial reporting as of December 31, 2023. In making this assessment,
management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated
Framework. Management's assessment included an evaluation of the design of our internal control over financial reporting and testing
of the operational effectiveness of these controls.

 As
of December 31, 2023, management assessed the effectiveness of our internal control over financial reporting based on the criteria for
effective internal control over financial reporting established in Internal Control—Integrated Framework issued by the Committee
of Sponsoring Organizations of the Treadway Commission ("COSO") in 2013 and SEC guidance on conducting such assessments.
Based on such evaluation, the Company's management concluded that, during the period covered by this Report, our internal control
over financial reporting were not effective.

 Identified
Material Weaknesses

 A
material weakness in internal control over financial reporting is a control deficiency, or combination of control deficiencies, that
results in more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected.

 Management
identified the following material weaknesses during its assessment of internal controls over financial reporting as of December 31, 2023.

 1.

 We do not have an Audit
 Committee. While not being legally obligated to have an audit committee, it is the management's view that such a committee,
 including a financial expert member, is an utmost important entity level control over the Company's financial statement. Currently
 the Chief Executive Officer and Director act in the capacity of the Audit Committee and does not include a member that is considered
 to be independent of management to provide the necessary oversight over management's activities.

 2.

 We do not have Written
 Policies & Procedures. Due to lack of written policies and procedures for accounting and financial reporting, the Company did
 not establish a formal process to close our books monthly and account for all transactions and thus failed to properly record the
 Private Placement or disclose such transactions in its SEC filings in a timely manner.

 3.

 We do not have adequate
 segregation of duties and effective risk assessment, lack of segregation of duties and effective risk assessment may cause the Company
 to face the likelihood of fraud or theft, due to poor oversight, governance and review to detect errors.

 Accordingly,
the Company concluded that these control deficiencies resulted in a reasonable possibility that a material misstatement of the annual
or interim financial statements will not be prevented or detected on a timely basis by the company's internal controls.

 As
a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control
over financial reporting as of December 31, 2023 based on criteria established in Internal Control—Integrated Framework issued
by COSO.

 Management's
Remediation Initiatives

 In
an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we also plan to initiate
the following series of measures to further strengthen the Company's internal controls going forward:

 1.

 intend
 to establish an internal audit function with assessment to improve internal control;

 2.

 plan to hire a reporting
 manager ("Internal Finance Manager") who has the requisite relevant U.S. GAAP and SEC reporting experience and qualifications;

 3.

 intend
 to add staff members to our management team for making sure that information required to be disclosed in our reports filed and submitted
 under the Exchange Act is recorded, processed, summarized and reported as and when required and will the staff members will have
 segregated responsibilities with regard to these responsibilities;
 and

 4.

 plan
 to create a position to segregate duties consistent with control objectives and will increase our personnel resources and technical
 accounting expertise within the accounting function. The accounting personnel is responsible for reviewing the financing activities,
 facilitate the approval of the financing, record the information regarding the financing, and submit SEC filing related documents
 to our legal counsel in order to comply with the filing requirements of SEC.

 We
anticipate that these initiatives will be at least partially, if not fully, implemented by the end of fiscal year 2024.

 Changes
in Internal Controls over Financial Reporting

 There
was no change in our internal controls over financial reporting that occurred during the period covered by this Report, which has materially
affected, or is reasonably likely to materially affect, our internal controls over financial reporting:

 This
annual report does not include an attestation report of the Company's registered independent public accounting firm regarding internal
control over financial reporting. Management's report was not subject to attestation by the Company's registered independent
public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Company to provide only management's
report in this Annual Report on Form 10-K.

 ITEM
9B. OTHER INFORMATION

 Insider
Trading Arrangements

 During
the quarter ended December 31, 2023, none of our directors or officers adopted or terminated any contract, instruction or written plan
for the purchase or sale of our securities to satisfy the affirmative defense conditions of "Rule 10b5-1 trading arrangement"
or any "non-Rule 10b5-1 trading arrangement".

 ITEM
9C. DISCLOSURE REGARDING FOREIGN JURISDICTION THAT PREVENT INSPECTIONS.

 Not
applicable.

 PART
III

 ITEM
10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 Our
executive officer's and director's and their respective ages as of the date hereof are as follows:

 NAME

 AGE

 POSITION

 Chief Executive Officer,
 President, Secretary, Treasurer, Director

 Seah Kok Wah

 Director

 Cham Hui Yin

 Finance Manager

 Set
forth below is a brief description of the background and business experience of our executive officer and director.

 Wong
Kai Cheong – President, Chief Executive Officer, Secretary, Treasurer, Director

 Mr.
Wong Kai Cheong was recognized as a Professional Electrical Engineer from the Engineering Council of the United Kingdom. Throughout his
career path, we believe he has achieved astounding results and success in this field.

 Mr.
Wong started his career in the Financial IT industry as a hardware engineer in Sime Darby Systems Sdn. Bhd. to the position of General
Manager in AIMS Sdn. Bhd. After having 15 years of experience, he started the Insite MY Group of Companies (InsiteMY) in the year 2002.
Today, after 21 years, InsiteMY has more than 100 staffs with offices in Malaysia and with customers covering from Malaysia, Philippines,
Bangladesh, Pakistan, Thailand, Singapore, Indonesia and Myanmar.

 Besides
having a technical background, Mr. Wong has strong domain knowledge in payments and recently in cheque clearing and cheque truncation
in particular. He travels the world educating customers and partners on the benefits and advantages of cheque truncation and other payment
methods.

 Through
him and his team, InsiteMY has established themselves as a reliable solution partner to the banking industry for payments, reporting,
risk management and compliance in Malaysia. All products developed by InsiteMY are under the purview of the Malaysia Digital Economy
Corporation (MDEC) as local home-grown IT products. All research and development are done by the local Malaysian expertise under the
guidance of MDEC.

 Once
again in 2018, he cofounded another R&D company called OrangeFIN Asia Sdn. Bhd., focusing on Robotics Process Automation (RPA). These
software robots were developed first for cheque clearing functions with artificial intelligence. These robots replace humans in making
decisions for approving and clearing cheques for a local bank in Malaysia. Now OrangeFIN aims to put a robot in every organisation in
Malaysia and throughout Southeast Asia.

 Seah Kok Wah – Director

 Dato'
Dr. Sean SEAH Kok Wah (Dato' SEAH), a Malaysian, currently serves as the Executive Director of AsiaFIN Holdings Corp. (OTC-QB:
ASFH) and the Executive Chairman of Angkasa-X Holdings Corp..

 Dato'
SEAH was graduated from the California State University, Chico, California USA with a Bachelor's Degree in Computer Engineering
and a Master's Degree in Computer Science (with Distinction). He also holds a Doctorate of Business Administration (International
Business) from Riviera University. In 1994, He began his tech-career in Silicon Valley as a software developer for Software Publishing
Corporation and Netscape Communications Corporation. He returned to Malaysia in 1997, recruited by Sun Microsystems to provide technical-consultancy
to Malaysia MSC flagship projects.

 Dato'
SEAH started his entrepreneurship journey in 2001. In the past 2 decades, he has co-founded and floated several tech companies; including
Epicenter Holdings Ltd (SGX:5MQ) in Singapore, Galasys PLC (LSE:GLS) in the United Kingdom, SEATech Ventures Corp. (OTC-PINK:SEAV), AsiaFIN
Holdings Corp. (OTC-QB:ASFH) and Angkasa-X Holdings Corp. in the U.S.

 Currently,
Dato' SEAH is the Chairman of The World Information Technology and Services Alliance (WITSA), a leading global consortium of tech-industry
association-members from over 80 countries and economies. He is also the Chairman of SpaceTech Malaysia Association (SPA), the Vice-President
of Malaysia Space Industry Corporation (MASIC), the Advisor of the National Tech Association of Malaysia (PIKOM) and a Committee Member
of the 88-Captains Penang Welfare Society, a charitable non-governmental organisation founded for the purpose of sustaining talent development.

 Cham
Hui Yin - Finance Manager

 Cham
Hui Yin, a Malaysian, currently serves as the Finance Manager of AsiaFIN Holdings Corp..

 Ms.
Cham graduated from University Kebangsaan Malaysia in 2003 with a Bachelor of Accounting (Hons.). She began her career as an auditor
in KPMG Malaysia.

 In
2004, Ms. Cham joined Actis Capital LLP, a leading global investor in sustainable infrastructure, during the splitting of Actis from
CDC Group plc. She served as Office Manager for the Malaysia Office.

 In
2009, Ms. Cham joined InsiteMY Group of Companies as Finance & Admin Manager and gradually move up to the position of Chief Financial
Officer for the group.

 In
2016, Ms. Cham was hired by Nettium Sdn Bhd in Malaysia as the Director of Finance, Human Resources and Admin. Nettium Sdn. Bhd., is
a software company providing online gaming platform with 250 headcounts.

 She
later was recruited by Juris Technologies Sdn. Bhd., a software house focusing on the financial industry, with 300 staff. She assumed
the role of Director of Finance, Human Resources & Admin in 2018. During her tenure in Juris, she played a key role in the acquisition
and the restructuring of iMoney Group.

 In
2021, Ms. Cham joined InsiteMY Group, as the Chief Financial Officer.

 Corporate
Governance

 The
Company promotes accountability for adherence to honest and ethical conduct; endeavors to provide full, fair, accurate, timely and understandable
disclosure in reports and documents that the Company files with the Securities and Exchange Commission and in other public communications
made by the Company; and strives to be compliant with applicable governmental laws, rules and regulations. The Company has not formally
adopted a written code of business conduct and ethics that governs the Company's employees, officers and Directors as the Company
is not required to do so.

 In
lieu of an Audit Committee, the Company's Board of Directors, is responsible for reviewing and making recommendations concerning
the selection of outside auditors, reviewing the scope, results and effectiveness of the annual audit of the Company's financial
statements and other services provided by the Company's independent public accountants. The Board of Directors, the Chief Executive
Officer and the Finance Manager of the Company review the Company's internal accounting controls, practices and policies.

 Committees
of the Board

 Our
Company currently does not have nominating, compensation, or audit committees or committees performing similar functions nor does our
Company have a written nominating, compensation or audit committee charter. Our Directors believe that it is not necessary to have such
committees, at this time, because the Director(s) can adequately perform the functions of such committees.

 Audit
Committee Financial Expert

 Our
Board of Directors has determined that we do not have a board member that qualifies as an "audit committee financial expert"
as defined in Item 407(D)(5) of Regulation S-K, nor do we have a Board member that qualifies as "independent" as the term
is used in Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(14)
of the FINRA Rules.

 We
believe that our Director(s) are capable of analyzing and evaluating our financial statements and understanding internal controls and
procedures for financial reporting. The Director(s) of our Company does not believe that it is necessary to have an audit committee because
management believes that the Board of Directors can adequately perform the functions of an audit committee. In addition, we believe that
retaining an independent Director who would qualify as an "audit committee financial expert" would be overly costly and burdensome
and is not warranted in our circumstances given the stage of our development and the fact that we have not generated any positive cash
flows from operations to date.

 Involvement
in Certain Legal Proceedings

 Our
Directors and our Executive officers have not been involved in any of the following events during the past ten years:

 1.

 bankruptcy petition filed
 by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or
 within two years prior to that time;

 2.

 any conviction in a criminal
 proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);

 3.

 being subject to any order,
 judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily
 enjoining, barring, suspending or otherwise limiting his/her involvement in any type of business, securities or banking activities;
 or

 4.

 being found by a court
 of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal
 or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

 5.

 Such person was found by
 a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and
 the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;

 6.

 Such person was found by
 a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities
 law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed,
 suspended or vacated;

 7.

 Such person was the subject
 of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed,
 suspended or vacated, relating to an alleged violation of: (i) Any Federal or State securities or commodities law or regulation;
 or(ii) Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary
 or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order,
 or removal or prohibition order; or(iii) Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business
 entity; or

 8.

 Such person was the subject
 of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as
 defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of
 the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary
 authority over its members or persons associated with a member.

 Independence
of Directors

 We
are not required to have independent members of our Board of Directors, and do not anticipate having independent Directors until such
time as we are required to do so.

 Code
of Ethics

 We
have not adopted a formal Code of Ethics. The Board of Directors evaluated the business of the Company and the number of employees and
determined that since the business is operated by a small number of persons, general rules of fiduciary duty and federal and state criminal,
business conduct and securities laws are adequate ethical guidelines. In the event our operations, employees and/or Directors expand
in the future, we may take actions to adopt a formal Code of Ethics.

 Shareholder
Proposals

 Our
Company does not have any defined policy or procedural requirements for shareholders to submit recommendations or nominations for Directors.
The Board of Directors believes that, given the stage of our development, a specific nominating policy would be premature and of little
assistance until our business operations develop to a more advanced level. Our Company does not currently have any specific or minimum
criteria for the election of nominees to the Board of Directors and we do not have any specific process or procedure for evaluating such
nominees. The Board of Directors will assess all candidates, whether submitted by management or shareholders, and make recommendations
for election or appointment.

 A
shareholder who wishes to communicate with our Board of Directors may do so by directing a written request addressed to our President,
at the address appearing on the first page of this Information Statement.

 SECTION
16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

 Section
16(a) of the Securities Exchange Act requires our executive officers and directors, and persons who own more than 10% of our common stock,
to file reports regarding ownership of, and transactions in, our securities with the Securities and Exchange Commission and to provide
us with copies of those filings. Based solely on our review of the copies of such forms furnished to us and written representations by
our officers and directors regarding their compliance with applicable reporting requirements under Section 16(a) of the Exchange Act,
we believe that all Section 16(a) filing requirements for our executive officers, directors and 10% stockholders were met during the
year ended December 31, 2023.

 ITEM
11. EXECUTIVE COMPENSATION

 The
following table sets forth information concerning the compensation of our principal executive officer, and principal financial officer
who served for the year ended December 31, 2023 and 2022, for services rendered in all capacities to us.

 Summary
Compensation Table:

 Name and Principal Position

 Year

 Salary ($)

 Bonus ($)

 Stock Awards ($)

 Option Awards ($)

 Non-Equity Incentive Plan Compensation ($)

 Nonqualified Deferred Compensation Earnings ($)

 All Other Compensation ($)

 Total ($)

 Wong Kai Cheong, Chief Executive Officer, President, Secretary,

 2023

 52,

 4, 160

 -

 -

 -

 -

 -

 56,

 Treasurer, Director (Principal Executive Officer)

 2022

 -

 -

 -

 -

 -

 -

 -

 -

 Cham Hui Yin, Finance Manager

 2023

 51,

 3,

 -

 -

 -

 -

 -

 55,

 (Principal Financial Officer, Principal Accounting Officer)

 2022

 13,592

 -

 -

 -

 -

 -

 -

 13,592

 Narrative
Disclosure to Summary Compensation Table

 There
are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. Our directors
and executive officers may receive stock options at the discretion of our board of directors in the future. We do not have any material
bonus or profit-sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers,
except that stock options may be granted at the discretion of our board of directors from time to time. We have no plans or arrangements
in respect of remuneration received or that may be received by our executive officers to compensate such officers in the event of termination
of employment (as a result of resignation, retirement, change of control) or a change of responsibilities following a change of control.

 Stock
Option Grants

 We
have not granted any stock options to our executive officers since our incorporation.

 Employment
Agreements

 Except
for Ms. Cham Hui Yin, we do not have an employment or consulting agreement with any officers or Directors.

 Ms.
Cham Hui Yin was appointed and entered into an employment agreement with effect on September 1, 2021 and would expire on August 31, 2024.
Under the terms of the agreements, Ms. Cham Hui Yin was entitled to receive a monthly salary of RM5,000 ($1,095). She is entitled to
reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with her services on our behalf. The employment
agreement also contains normal and customary terms relating to confidentiality, indemnification, non-solicitation and ownership of intellectual
property.

 Compensation
Discussion and Analysis

 Director
Compensation

 Our
Board of Directors does not currently receive any consideration for their services as members of the Board of Directors. The Board of
Directors reserves the right in the future to award the members of the Board of Directors cash or stock-based consideration for their
services to the Company, which awards, if granted shall be in the sole determination of the Board of Directors.

 Executive
Compensation Philosophy

 Our
Board of Directors determines the compensation given to our executive officers in their sole determination. Our Board of Directors reserves
the right to pay our executive or any future executives a salary, and/or issue them shares of common stock in consideration for services
rendered and/or to award incentive bonuses which are linked to our performance, as well as to the individual executive officer's
performance. This package may also include long-term stock-based compensation to certain executives, which is intended to align the performance
of our executives with our long-term business strategies. Additionally, while our Board of Directors has not granted any performance
base stock options to date, the Board of Directors reserves the right to grant such options in the future, if the Board in its sole determination
believes such grants would be in the best interests of the Company.

 Incentive
Bonus

 The
Board of Directors may grant incentive bonuses to our executive officer and/or future executive officers in its sole discretion, if the
Board of Directors believes such bonuses are in the Company's best interest, after analyzing our current business objectives and
growth, if any, and the amount of revenue we are able to generate each month, which revenue is a direct result of the actions and ability
of such executives.

 Long-term,
Stock Based Compensation

 In
order to attract, retain and motivate executive talent necessary to support the Company's long-term business strategy we may award
our executive and any future executives with long-term, stock-based compensation in the future, at the sole discretion of our Board of
Directors, which we do not currently have any immediate plans to award.

 ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 As
of December 31, 2023, the Company has 81,551,838 shares of common stock issued and outstanding, which number of issued and outstanding
shares of common stock have been used throughout this report.

 The
following table sets forth, as of December 31, 2023 certain information with regard to the record and beneficial ownership of the Company's
common stock by (i) each person known to the Company to be the record or beneficial owner of more than 5% of the Company's common
stock, (ii) each director of the Company, (iii) each of the named executive officers, and (iv) all executive officers and directors of
the Company as a group:

 Name and Address of Beneficial Owner

 Shares of Common Stock Beneficially Owned

 Common Stock Voting Percentage Beneficially Owned

 Total Voting Percentage Beneficially Owned

 Executive Officers and Directors

 Wong Kai Cheong, Chief Executive Officer, President, Secretary, Treasurer and Director (Principal Executive Officer)

 26,650,929

 32.68
 %

 32.68
 %

 Seah Kok Wah 1, Director

 21,850,000

 26.79
 %

 26.79
 %

 Cham Hui Yin, Finance Manager (Principal Financial Officer and Principal Accounting Officer)

 39,713

 0.05
 %

 0.05
 %

 All of executive officers and director as a group

 48,540,642

 59.52
 %

 59.52
 %

 5% or greater shareholders (excluding officers/directors)

 Hoo Swee Ping

 11,310,869

 13.87
 %

 13.87
 %

 SEATech Ventures Corp. 2

 10,000,000

 12.26
 %

 12.26
 %

 Dato' Seah Kok Wah owns and controls 95% of the issued and outstanding shares of See Unicorn Ventures Sdn. Bhd.. The values within
the row above under the subsection titled, "Executive Officers and Directors," for Dato' Seah, are computed accounting for
Dato' Seah's indirect ownership in the Company via his control of "See Unicorn Ventures Sdn. Bhd." This row does not,
however, account for his ownership in the Company via his ownership stake of approximately 17.49% in SEATech Ventures Corp.

 Dato' Seah Kok Wah owns and controls approximately 17.49% of the issued and outstanding shares of SEATech Ventures Corp.

 (1)

 Beneficial
 ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment
 power with respect to securities. Beneficial ownership also includes shares of stock subject to options and warrants currently exercisable
 or exercisable within 60 days of the date of this table. In determining the percent of common stock owned by a person or entity as
 of the date of this Report, (a) the numerator is the number of shares of the class beneficially owned by such person or entity, including
 shares which may be acquired within 60 days on exercise of warrants or options and conversion of convertible securities, and (b)
 the denominator is the sum of (i) the total shares of common stock outstanding on as of the date of this Annual Report (81,551,838
 shares), and (ii) the total number of shares that the beneficial owner may acquire upon exercise of the derivative securities. Unless
 otherwise stated, each beneficial owner has sole power to vote and dispose of its shares.

 ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, DIRECTOR INDEPENDENCE

 On
June 14, 2019, the Company issued 100,000 shares of restricted common stock, with a par value of $0.0001 per share, to Wong Kai Cheong
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 Wong Kai Cheong 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' Seah Kok Wah, 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 par value of $0.0001 per share, in consideration of $1,000. The $1,000 went to the Company to be used as working
capital. Dato' Seah Kok Wah is an Officer and Director of and also a shareholder of SEATech Ventures Corp., owning 17.49% of the voting
power of SEATech Ventures Corp.

 On
December 20, 2019, the Company issued 5,000,000 shares of restricted common stock to AsiaFIN Talent Sdn. Bhd., a company incorporated
in Malaysia, with a par value of $0.0001 per share, in consideration of $500. The $500 went to the Company to be used as working capital.

 Mr.
Kang Kok Seng Michael and Mr. Ng Kai Thim are each an Officer and Director of, and also the controlling shareholders of AsiaFIN Talent
Sdn. Bhd..

 On
December 23, 2019, AsiaFIN Holdings Corp., Malaysia Company acquired AsiaFIN Holdings Limited (herein referred to as the "Hong
Kong Company"), a private limited company incorporated in Hong Kong. In consideration of the equity interests of AsiaFIN Holdings
Limited, our Chief Executive Officer, Mr. Wong was compensated $1 HKD.

 On
February 7, 2020, the Company issued 500,000 shares of restricted common stock to Jeremy Wong Zi Jun at the purchase price of $0.10 per
share, for a total purchase price of $50,000. The $50,000 in proceeds went to the Company to be used as working capital. Mr. Jeremy Wong
Zi Jun is the son of the Mr. Wong Kai Cheong, who is serving as the company's Chief Executive Director.

 On
September 18, 2020 Dato' Seah Kok Wah was appointed Director of the Company.

 On December 22, 2022, the
Company entered into an acquisition agreement with the shareholders of StarFIN Holdings Limited, to acquire 100% equity stake in StarFIN
Holdings Limited in consideration of a new issuance of 8,232,038 shares of restricted common stock, valued at $9,055,242.

 In
regards to all of the above transactions we claim an exemption from registration afforded by Section 4a(2) and/or Regulation S of the
Securities Act of 1933, as amended ("Regulation S") due to the fact that all sales of stock were made to non-U.S. persons
(as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were
made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of
the foregoing.

 For
the year ended December 31, 2021 and December 31, 2020, the Company provided consulting services to Insite MY Systems Sdn. Bhd., identified
as Customer A, pertaining to market studies of payment processing trends in Asia. Mr. Wong, our Chief Executive Officer and Director,
is also the director and a shareholder of Insite MY Systems Sdn. Bhd.. The revenue generated from Insite MY Systems Sdn. Bhd. amounted
to $0 and $28,000 in 2021 and 2020.

 For
the period ended December 31, 2021 and December 31, 2020, the Company provided consulting services to GLS IT Solutions Sdn. Bhd., identified
as Customer B, pertaining to market studies of, and advisory on, unattended payment kiosk user preferences in the Southeast Asia market.
Dato' Seah, who serves as our Director, is also the Director and a shareholder of GLS IT Solutions Sdn. Bhd. The revenue generated from
GLS IT Solutions Sdn. Bhd. amounted to $0 and $28,000 in 2021 and 2020.

 We
have four physical office, which is located at

 1.
 Suite
 30.02, 30 th Floor, Menara KH (Promet), Jalan Sultan Ismail, 50250 Kuala Lumpur,
 Malaysia.

 2.
 Unit
 17-11, Level 17, Tower A, Vertical Business Suites, Avenue 3 Bangsar South, No.8, Jalan Kerinchi,
 59200 Kuala Lumpur, Malaysia.

 3.
 Unit
 17-12, Level 17, Tower A, Vertical Business Suites, Avenue 3 Bangsar South, No.8, Jalan Kerinchi,
 59200 Kuala Lumpur, Malaysia.

 4.
 A2-17-1,
 St Mary Residence, Jalan Tengah, 50250 Kuala Lumpur, Malaysia.

 Review,
Approval and Ratification of Related Party Transactions

 Given
our small size and limited financial resources, we have not adopted formal policies and procedures for the review, approval or ratification
of transactions, such as those described above, with our executive officer(s), Director(s) and significant stockholders. We intend to
establish formal policies and procedures in the future, once we have sufficient resources and have appointed additional Directors, so
that such transactions will be subject to the review, approval or ratification of our Board of Directors, or an appropriate committee
thereof. On a moving forward basis, our Directors will continue to approve any related party transaction.

 ITEM
14. PRINCIPAL ACCOUNTING FEES AND SERVICES

 Audit
Fees

 The
following table sets forth the aggregate amount of fees billed to the Company for professional services rendered by its independent registered
public accounting firms for the fiscal years ended December 31, 2023 and 2022.

 We
have engaged JP Centurion & Partners PLT as our principal accountant since August 31, 2020.

 ACCOUNTING FEES AND SERVICES

 2023

 2022

 Audit fees

 $
 92,746

 $
 29,000

 Audit-related fees

 -

 4,533

 Tax fees

 -

 6,500

 All other fees

 -

 -

 Total

 $
 38,192

 $
 40,033

 The
category of "Audit fees" includes fees for our annual audit, quarterly reviews and services rendered in connection with regulatory
filings with the SEC, such as the issuance of comfort letters and consents.

 The
category of "Audit-related fees" includes employee benefit plan audits, internal control reviews and accounting consultation.

 The
category of "Tax fees" includes fees for our annual tax assessment rendered in connection with annually tax filings.

 All
of the professional services rendered by principal accountants for the audit of our annual financial statements that are normally provided
by the accountant in connection with statutory and regulatory filings or engagements for last two fiscal years were approved by our board
of directors.

 PART
IV

 ITEM
15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

 (a)
Financial Statements

 The
following are filed as part of this report:

 Financial
Statements

 The
following financial statements of AsiaFIN Holdings Corp. and Report of Independent Registered Public Accounting Firm are presented in
the "F" pages of this Report:

 Page

 Audited Financial Statements

 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 CONSOLIDATED BALANCE SHEETS

 CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

 CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

 CONSOLIDATED STATEMENTS OF CASH FLOWS

 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 – F-20

 (b)
Exhibits

 The
following exhibits are filed herewith:

 3.1

 Articles of Incorporation**

 3.2

 Bylaws**

 31.1

 Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer*

 31.2

 Rule 13(a)-14(a)/15(d)-14(a) Certification of principal financial officer*

 32.1

 Section 1350 Certification of principal executive officer*

 32.2

 Section 1350 Certification of principal financial officer*

 101.INS

 101.SCH

 Schema Document

 101.CAL

 Calculation Linkbase Document

 101.DEF

 Definition Linkbase Document

 101.LAB

 Label Linkbase Document

 101.PRE

 Presentation Linkbase Document

 Cover Page Interactive

 *Filed herewith

 ** As filed in the Registrant's Registration Statement on Form S-1 Amendment No.8 (File No. 333-228847) on March 19, 2021

 ITEM
16. FORM 10-K SUMMARY.

 As
permitted, the registrant has elected not to supply a summary of information required by Form 10-K.

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned, hereunto duly authorized.

 ASIAFIN HOLDINGS CORP.

 Date:
 March 22, 2024

 By:

 /s/

 Title:

 Chief Executive Officer, President, Director, Secretary,
 Treasurer

 Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

 Date: March
 22, 2024

 By:

 /s/

 Title:

 Chief
 Executive Officer

 President,
 Director, Secretary and Treasurer

 (Principal
 Executive Officer)

 Date: March
 22, 2024

 By:

 /s/
 Cham Hui Yin

 Cham Hui Yin

 Title:

 Finance
 Manager

 (Principal
 Financial Officer and Principal Accounting Officer)

 Date: March
 22, 2024

 By:

 /s/
 Seah Kok Wah

 Seah Kok Wah

 Title:

 Director

TO FINANCIAL STATEMENTS

 Page

 Audited Financial Statements

 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PCAOB ID: 6723)

 CONSOLIDATED BALANCE SHEETS

 CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

 CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

 CONSOLIDATED STATEMENTS OF CASH FLOWS

 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 – F-20

 F- 1

 REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 The
Board of Directors and Stockholders of

Holdings Corp.

 Suite
30.02, 30th Floor

 Menara
KH (Promet), Jalan Sultan Ismail

 50250
Kuala Lumpur, Malaysia

 Opinion
on the Financial Statements

 We
have audited the accompanying consolidated balance sheets of AsiaFIN Holdings Corp. and subsidiaries (the 'Company') as of
December 31, 2023 and 2022, and the related consolidated statements of operations, stockholders' equity, and cash flows for the
years ended of December 31, 2023 and 2022, and the related notes (collectively referred to as the "financial statements").
In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December
31, 2023 and 2022, and the results of its operations and its cash flows for the years ended December 31, 2023 and 2022, in conformity
with accounting principles generally accepted in the United States of America.

 Basis
for Opinion

 These
financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits
we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion
on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

 Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits
provide a reasonable basis for our opinion.

 Going
Concern

 The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
2 to the financial statements, for the years ended December 31, 2023, the Company incurred a net income of $19,214 and negative cash
flow from operating activities of $210,454. These condition raises substantial doubt about the Company's ability to continue as
a going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.

 Critical
Audit Matters

 The
critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required
to be communicated to those charged with governance and that: (1) relate to accounts or disclosures that are material to the financial
statements and (2) involved our especially challenging, subjective, or complex judgements. We determined that there are no critical matters.

 /s/
 JP CENTURION & PARTNERS PLT

 JP CENTURION & PARTNERS PLT

 We
 have served as the Company's auditor since 2020.

 Kuala Lumpur, Malaysia

 March 22, 2024

 PCAOB
ID: 6723

 F- 2

 Item
1. Financial statements

 CONSOLIDATED
BALANCE SHEETS

 AS
OF DECEMBER 31, 2023 AND 2022 (Audited)

expressed in United States Dollars ("US$"), except for number of shares or otherwise stated)

 As of
 December
 31, 2023

 As of

 Audited

 Audited

 ASSETS

 Current assets

 Cash and cash equivalents

 $
 1,234,188

 $
 874,690

 Trade receivables, net

 1,004,690

 -

 Prepayment, deposits and other receivables

 114,133

 3,000

 Tax assets

 219,698

 -

 Total current assets

 $
 2,572,709

 $

 Non-current Assets

 Right-of-use assets, net

 $
 651,853

 $
 -

 Property, plant and equipment, net

 520,216

 -

 Deferred income tax assets

 -

 Investment in associates

 8,153

 -

 Total non-current assets

 $
 1,180,265

 $
 -

 TOTAL ASSETS

 $

 $

 LIABILITIES AND STOCKHOLDERS' EQUITY

 Current liabilities

 Other payables and accrued liabilities

 $
 586,595

 $
 17,805

 Trade payable

 24,900

 3,357

 Income tax payable

 3,358

 -

 Amount due to director

 209,747

 -

 Amount due to related parties

 1,000

 -

 Hire purchase – current portion

 4,759

 -

 Lease liability – current portion

 60,394

 -

 Total current liabilities

 $
 890,753

 $
 21,162

 Non-current liabilities

 Lease liability – non-current portion

 591,459

 -

 Deferred tax liabilities

 12,013

 -

 Total non-current liabilities

 $
 603,472

 $
 -

 TOTAL LIABILITIES

 $
 1,494,225

 $
 21,162

 STOCKHOLDERS' EQUITY

 Preferred shares, $ 0.0001 par value; 200,000,000 shares authorized; None issued and outstanding

 $
 -

 $
 -

 Common stock, $ 0.0001 par value; 600,000,000 shares authorized; 81,551,838 and 73,319,800 shares issued and outstanding as of December 31, 2023 and December 31, 2022

 8,155

 7,332

 Additional paid-in capital

 Accumulated other comprehensive loss

 ( 320,441
)

 -

 Accumulated deficit

 ( 7,896,023
)

 ( 564,072
)

 Non-controlling interest

 ( 629
)

 -

 TOTAL STOCKHOLDERS' EQUITY

 $
 2,258,749

 $
 856,528

 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

 $

 $

 See
accompanying notes to consolidated financial statements.

 F- 3

 CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

 FOR
THE YEARS ENDED DECEMBER 31, 2023 AND 2022

expressed in United States Dollars ("US$"), except for number of shares or otherwise stated)

 For the year ended December 31, 2023

 For the year ended December 31, 2022

 Audited

 Audited

 REVENUE

 $

 $
 -

 COST OF REVENUE

)

 -

 GROSS PROFIT

 $

 $
 -

 SHARE OF LOSS FROM OPERATION OF ASSOCIATE

 ( 152

)

 -

 OTHER INCOME

 $
 13,109

 $
 14,080

 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

 $
 ( 2,901,636
)

 $
 ( 122,283
)

 INCOME/(LOSS) BEFORE INCOME TAX

 $

 $
)

 INCOME TAX EXPENSES

 ( 96,712
)

 ( 3,999
)

 NET INCOME/(LOSS)

 $
 18,577

 $
 ( 112,202
)

 Net income attributable to non-controlling interest

 -

 NET INCOME/(LOSS) ATTRIBUTED TO COMMON SHAREHOLDERS OF ASIAFIN HOLDINGS CORP.

 19,214

 ( 112,202
)

 Other comprehensive income:

 - Foreign currency translation loss

 ( 60,389
)

 -

 TOTAL COMPREHENSIVE LOSS

 $
 ( 41,175
)

 $
 ( 112,202
)

 NET INCOME/(LOSS) PER SHARE, BASIC AND DILUTED

 $
 0.00

 $
 ( 0.00
)

 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED

 80,356,501

 See
accompanying notes to consolidated financial statements.

 F- 4

 CONSOLIDATED
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

 FOR
THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (Audited)

expressed in United States Dollars ("US$"), except for number of shares or otherwise stated)

 NUMBER OF
 SHARES

 AMOUNT

 ADDITIONAL
 PAID-IN
 CAPITAL

 ACCUMULATED
 DEFICIT

 ACCUMULATED COMPREHENSIVE
 LOSS

 TOTAL
 STOCKHOLDERS'
 EQUITY

 COMMON STOCK

 NUMBER OF
 SHARES

 AMOUNT

 ADDITIONAL
 PAID-IN
 CAPITAL

 ACCUMULATED
 DEFICIT

 ACCUMULATED COMPREHENSIVE
 LOSS

 TOTAL
 STOCKHOLDERS'
 EQUITY

 Balance as of December 31, 2021

 $
 7,332

 $

 $
 ( 451,870
)

 $
 -

 -

 $
 968,730

 -

 -

 -

 ( 6,365
)

 -

 -

 ( 6,365
)

 Balance as of March 31, 2022

 7,332

 ( 458,235
)

 -

 -

 962,365

 -

 -

 -

 ( 38,308
)

 -

 -

 ( 38,308
)

 Balance as of June 30, 2022

 $
 7,332

 $

 $
 ( 496,543
)

 $
 -

 -

 $
 924,057

 -

 -

 -

 ( 10,879
)

 -

 -

 ( 10,879
)

 Balance as of September 30, 2022

 $
 7,332

 $

 $
 ( 507,422
)

 $
 -

 -

 $
 913,178

 -

 -

 -

 ( 56,650
)

 -

 -

 ( 56,650
)

 Balance as of December 31, 2022

 $
 7,332

 $

 $
 ( 564,072
)

 $
 -

 -

 $
 856,528

 F- 5

 NUMBER OF
 SHARES

 AMOUNT

 ADDITIONAL
 PAID-IN
 CAPITAL

 ACCUMULATED
 DEFICIT

 ACCUMULATED COMPREHENSIVE
 LOSS

 NON

CONTROLLING INTEREST

 TOTAL
 STOCKHOLDERS'
 EQUITY

 COMMON STOCK

 NUMBER OF
 SHARES

 AMOUNT

 ADDITIONAL
 PAID-IN
 CAPITAL

 ACCUMULATED
 DEFICIT

 ACCUMULATED COMPREHENSIVE
 LOSS

 NON-

 CONTROLLING INTEREST

 TOTAL
 STOCKHOLDERS'
 EQUITY

 Balance as of December 31, 2022

 $
 7,332

 $

 $
 ( 564,072
)

 $
 -

 $
 -

 $
 856,528

 Issuance of share for acquisition of StarFIN Holdings Limited on February 23, 2023

 8,232,038

 9,054,419

 ( 7,351,165
)

 ( 260,052
)

 -

 1,444,025

 -

 -

 -

 ( 334,636
)

 -

 -

 ( 334,636
)

 Foreign currency translation

 -

 -

 -

 -

 ( 4,653
)

 -

 ( 4,653
)

 Balance as of March 31, 2023

 8,155

 ( 8,249,873
)

 ( 264,705
)

 -

 1,961,264

 -

 -

 -

 ( 9,274
)

 -

 -

 ( 9,274
)

 Foreign currency translation

 -

 -

 -

 -

 ( 71,005
)

 -

 ( 71,005
)

 Balance as of June 30, 2023

 $
 8,155

 $

 $
 ( 8,259,147
)

 $
 ( 335,710
)

 $
 -

 $
 1,880,985

 Effect on acquisition of TellUS Report Sdn Bhd

 -

 -

 -

 -

 -

 -

 -

 -

 ( 74,394
)

 -

 ( 197
)

 ( 74,591
)

 Foreign currency translation

 -

 -

 -

 -

 ( 8,636
)

 -

 ( 8,636
)

 Balance as of September 30, 2023

 $
 8,155

 $

 $
 ( 8,333,541
)

 $
 ( 344,346
)

 $
 ( 189
)

 $
 1,797,766

 Balance

 $
 8,155

 $

 $
 ( 8,333,541
)

 $
 ( 344,346
)

 $
 ( 189
)

 $
 1,797,766

 Net income for the period

 -

 -

 -

 437,518

 -

 ( 440
)

 437,078

 Net income (loss)

 -

 -

 -

 437,518

 -

 ( 440
)

 437,078

 Foreign currency translation

 -

 -

 -

 -

 23,905

 -

 23,905

 Balance as of December 31, 2023

 $
 8,155

 $

 $
 ( 7,896,023
)

 $
 ( 320,441
)

 $
 ( 629
)

 $
 2,258,749

 Balance

 $
 8,155

 $

 $
 ( 7,896,023
)

 $
 ( 320,441
)

 $
 ( 629
)

 $
 2,258,749

 See
accompanying notes to consolidated financial statements

 F- 6

 CONSOLIDATED
STATEMENTS OF CASH FLOWS

 FOR
THE YEARS ENDED DECEMBER 31, 2023 AND 2022

expressed in United States Dollars ("US$"), except for number of shares or otherwise stated)

 2023

 2022

 For the Year Ended
 December 31,

 2023

 2022

 (Audited)

 (Audited)

 CASH FLOWS FROM OPERATING ACTIVITIES:

 Net income/loss

 $
 19,214

 $
 ( 112,202
)

 Minority interest

 ( 637
)

 -

 Share of loss from operation of associate

 -

 Adjustments to reconcile net loss to net cash used in operating activities

 Depreciation and amortization

 133,024

 -

 Provision for credit loss allowance

 55,076

 -

 Changes in operating assets and liabilities:

 Account payable

 1,176

 ( 4,200
)

 Account receivable

 ( 412,818
)

 -

 Prepayment, deposits and other receivables

 83,387

 ( 1,751
)

 Other payables and accrued liabilities

 ( 64,649
)

 8,805

 Deferred revenue

 ( 71,705
)

 -

 Tax assets

 298,842

 -

 Deferred income tax assets

 3,912

 -

 Income tax payable

 ( 196,833
)

 3,357

 Change in lease liability

 ( 58,595
)

 -

 Net cash used in operating activities

 ( 210,454
)

 ( 105,991
)

 CASH FLOWS FROM INVESTING ACTIVITIES:

 Purchase of plant and equipment

 ( 32,479
)

 -

 Net cash used in investing activities

 ( 32,479
)

 -

 CASH FLOWS FROM FINANCING ACTIVITIES:

 Repayment to director

 ( 62,793
)

 -

 Repayment of hire purchase

 ( 11,173
)

 -

 Advances to related companies

 ( 612
)

 -

 Net cash used in financing activities

 ( 74,578
)

 -

 Effect of exchange rate changes in cash and cash equivalents

 ( 28,471
)

 -

 Net changes in cash and cash equivalents

 ( 345,982
)

 ( 105,991
)

 Cash and cash equivalents, beginning of year

 1,580,170

 980,681

 CASH AND CASH EQUIVALENTS, END OF YEAR

 $
 1,234,188

 $
 874,690

 SUPPLEMENTAL CASH FLOWS INFORMATION

 Cash paid for income taxes

 $
 104,691

 $

 Cash paid for interest

 $

 $
 -

 Remark:
Please note that the variance between the closing balance of Cash and Cash Equivalents for the year ended December 31, 2022 and the beginning
balance of Cash and Cash Equivalents for the year ended December 31, 2023 is due to the net cash inflow from the acquisition of StarFIN
Holdings Limited on February 23, 2023 amounting to $ 705,480.

 See
accompanying notes to consolidated financial statements.

 F- 7

 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

 FOR
THE YEARS ENDED DECEMBER 31, 2023 AND 2022

expressed in United States Dollars ("US$"), except for number of shares or otherwise stated)

 1.
 ORGANIZATION AND BUSINESS BACKGROUND

Holdings Corp. ("the Company") was incorporated under the jurisdiction of Nevada on June 14, 2019. The Company, through its
wholly owned subsidiaries, provides information technology services. Details of the Company's subsidiaries and associate:

 SCHEDULE OF SUBSIDIARIES

 No.

 Subsidiary

 Company
 Name

 Domicile
 and Date of Incorporation

 Particulars
 of

 Issued
 Capital

 Principal
 Activities

 AsiaFIN Holdings
 Corp.

 Labuan at July
 15, 2019

 1 shares of
 common stock

 Investment holding
 company

 AsiaFIN Holdings Limited

 Hong Kong at July 5, 2019

 1 shares of common stock

 StarFIN Holdings Limited

 British Virgin Island at
 August 19, 2021

 10,000 shares of common
 stock

 Insite MY Holdings Sdn Bhd
 (FKA StarFIN Asia Sdn Bhd)

 Malaysia at May 24, 2018

 11,400,102 shares of common
 stock

 OrangeFIN Academy Sdn Bhd
 (FKA Insite MY.Com Sdn Bhd)

 Malaysia at February 2,
 2000

 100,000 shares of common
 stock

 Provision of business system
 integration and management services

 `

 Insite MY Systems Sdn Bhd

 Malaysia at January 18,
 2000

 500,000 shares of common
 stock

 Insite MY Innovations Sdn
 Bhd

 Malaysia at January 18,
 2010

 540,000 shares of common
 stock

 OrangeFIN Asia Sdn Bhd

 Malaysia at January 25,
 2018

 50,000 shares of common
 stock

 Provision of computer programming
 activities and services

 TellUS Report Sdn Bhd

 Malaysia at September 22,
 2023

 60 shares of common stock

 No.

 Associate

 Company
 Name

 Domicile
 and Date of Incorporation

 Particulars
 of

 Issued
 Capital

 Principal
 Activities

 Murni StarFIN
 Sdn Bhd

 Malaysia at
 September 9, 2022

 100,000 shares
 of common stock

 Provision of
 information technology services

 Mr.
Wong Kai Cheong is the common director of all of aforementioned companies.

 F- 8

 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. Below is the organization
chart of the Group.

 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 Company's 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.

 Use
of Estimates

 In
preparing these financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities
in the balance sheets and revenues and expenses during the years reported. Actual results may differ from these estimates.

 Cash
and Cash Equivalents

 The
Company considers short-term, highly liquid investments with an original maturity of 90 days or less to be cash equivalents.

 Our
deposit in Malaysia banks are secured by Perbadanan Insurans Deposit Malaysia, compensating up to a limit of Malaysia Ringgit MYR 250,000
per deposit per member bank, which is equivalent to $ 54,476, if any of our bank fail.

 F- 9

 Property,
Plant and Equipment

 Plant
and equipment are stated at cost, with depreciation and amortization provided using the straight-line method over the following periods:

 Property,
plant and equipment are stated at cost, with depreciation and amortization provided using the straight-line method over the following
periods:

OF PLANT AND EQUIPMENT DEPRECIATION PERIODS

 Asset
 Categories

 Depreciation
 Periods

 Renovation

 over the remaining lease
 period

 Computer Systems

 4 to 5 years

 Furniture and Fittings

 10 years

 Electrical Fittings

 10 years

 Handphone

 5 years

 Office Equipment

 10 years

 Motor Vehicle

 5 years

 Property

 50 years

recognition

 The
Company through subsidiaries generate multiple streams of revenues based on different business model adopted by each subsidiary through
provisions of services and recognized upon customer obtained control of promised services and recognized in an amount that reflects the
consideration that the Company expects to receive in exchange for those services. In addition, the standard requires disclosure of the
nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company applies the following
five-step model in order to determine this amount:

 (i)
Identify contract with customer;

 (ii)
Identify distinct performance obligations in contract, including promises if any;

 (iii)
Measurement of the transaction price, including the constraint on variable consideration;

 (iv)
Allocation of the transaction price to the performance obligations; and

 (v)
Recognition of revenue when (or as) the Company satisfies each performance obligation.

 Cost
of revenue

 Cost
of revenue includes direct costs associated with provision of services such as development costs, purchases of third-party software,
maintenance fees and consultation fees.

 Income
tax expense

 Income
taxes are determined in accordance with the provisions of ASC Topic 740, "Income Taxes" ("ASC Topic 740"). Under
this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the
financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities
are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are
expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income
in the period that includes the enactment date.

 ASC
740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclosed in their financial statements
uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the
financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax
positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of
being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

 The
Company conducts major businesses in Malaysia and is subject to tax in their own jurisdictions. As a result of its business activities,
the Company will file separate tax returns that are subject to examination by the foreign tax authorities.

 F- 10

 Going
concern

 The
accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement
of liabilities and commitments in the normal course of business.

 As
reflected in the accompanying financial statements, for the year ended December 31, 2023, the Company generated a net income of $ 19,214
and negative operating cash flow of $ 210,454. These factors raise substantial doubt about the Company's ability to continue as
a going concern within one year of the date that the financial statements are issued.

 The
Company does not have sufficient revenue to cover its operating cost due to the research and development activities performed in the
initial stage. The Company's ability to continue as a going concern is dependent upon improving its profitability and the continuing
financial support from its major shareholders. Management believes the existing shareholders or external financing will provide the additional
cash to meet the Company's obligations as they become due.

 No
assurance can be given that any future financing, if needed, will be available. These and other factors raise substantial doubt about
the Company's ability to continue as a going concern. These financial statements do not include any adjustments to reflect the
possible future effects on the recoverability in profitability that may result in the Company not being able to continue as a going concern.

 Foreign
currencies translation

 Transactions
denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing
at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated
into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded
in the statement of operations and comprehensive income (loss).

 The
functional currency of the Company is the United States Dollars ("US$") and the accompanying financial statements have been
expressed in US$. In addition, the Company's subsidiary maintains its books and record in Malaysia Ringgits ("MYR"),
United States Dollars ("US$") and Hong Kong Dollars ("HK$"), which is the respective functional currency as being
the primary currency of the economic environment in which the entity operates.

 In
general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into
US$, in accordance with ASC Topic 830-30, "Translation of Financial Statement", using the exchange rate on the balance sheet
date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation
of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income.

 Translation
of amounts from the local currency of the Company into US$1 has been made at the following exchange rates for the respective periods:

 SCHEDULE OF FOREIGN EXCHANGE RATE

 For the year ended December 31

 2023

 2022

 Period-end MYR: US$1 exchange rate

 4.59

 4.40

 Period-average MYR: US$1 exchange rate

 4.57

 4.40

 Period-end HK$: US$1 exchange rate

 7.75

 7.81

 Period-average HK$: US$1 exchange rate

 7.75

 7.83

 Related
parties

 Parties,
which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control
the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also
considered to be related if they are subject to common control or common significant influence.

 Fair
value of financial instruments

 The
carrying value of the Company's financial instruments: cash and cash equivalents, trade receivable, deposits and other receivables,
amount due to related parties, trade payables and other payables approximate at their fair values because of the short-term nature of
these financial instruments.

 The
Company also follows the guidance of the ASC Topic 820-10, "Fair Value Measurements and Disclosures" ("ASC 820-10"),
with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy
that prioritizes the inputs used in measuring fair value as follows:

 Level
1: Observable inputs such as quoted prices in active markets;

 Level
2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

 Level
3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

 As
of December 31, 2023, and 2022, the Company did not have any non-financial assets and liabilities that are recognized or disclosed at
fair value in the financial statements, at least annually, on a recurring basis, nor did the Company have any assets or liabilities measured
at fair value on a non-recurring basis.

 Net
Income/(Loss) per Share

 The
Company calculates net income/(loss) per share in accordance with ASC Topic 260, "Earnings per Share." Basic income/(loss)
per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period.
Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the
number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if
the additional common shares were dilutive.

 F- 11

 Lease

 The
Company offices for fixed periods pre-emptive extension options. The Company recognizes lease payments for its short-term lease on a
straight-line basis over the lease term.

 Lease
liability is initially and subsequently measured at the present value of the unpaid lease payments at the lease commencement date. The
right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for lease payments
made at or before the lease commencement date, plus any initial direct costs incurred less any lease incentives received. Costs associated
with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease.

 In
determining the present value of the unpaid lease payments, ASC 842 requires a lessee to discount its unpaid lease payments using the
interest rate implicit in the lease or, if that rate cannot be readily determined, its incremental borrowing rate. As most of the Company
leases do not provide an implicit rate, the Company uses its incremental borrowing rate as the discount rate for the lease. The Company
incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments.

 Acquisition
Agreement

 The
acquisition of StarFIN Holdings Limited. ("SFHL") has been accounted for under the purchase method of accounting in accordance
with Statement of Financial Accounting Standards No. 141, "Business Combinations". Under the purchase method of accounting,
the purchase price is allocated to the assets acquired and liabilities assumed based on their estimated fair values.

 The
allocation of the purchase price has been prepared based on preliminary estimates of fair values. However, actual amounts recorded upon
the finalization of estimates of fair values may differ from the information presented in these unaudited pro forma condensed combined
consolidated financial statements. The Company estimates of the fair values of the assets and liabilities of SFHL have been combined
with the recorded values of the assets and liabilities of SFHL in the audited condensed combined financial information, goodwill was
immediately impaired upon recognition.

 Recently
Adopted Accounting Standards

 In
June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement
of Credit Losses on Financial Instruments, which introduced the expected credit losses methodology for the measurement of credit losses
on financial assets measured at amortized cost basis, replacing the previous incurred loss methodology. In November 2019, the FASB issued
ASU 2019-10 highlighted the adoption timeline. For smaller reporting entities, Topic 326 is effective for annual periods beginning after
December 15, 2022, including interim periods within those fiscal years, of which is effective for the Company on January 1, 2023.

 Credit
loss rate is determined by historical collection based on aging schedule, adjusted for current conditions using reasonable and supportable
forecasts. Based on the aging categorization and the adjusted loss rate per category, an allowance for credit losses is calculated by
multiplying the adjusted loss rate with the amortized cost in the respective age category.

 Recently
Issued Accounting Standards

 The
Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have
a significant impact on the Company's financial statements.

 3.
 BUSINESS COMBINATIONS

 On
December 22, 2022, the Company acquired 100 % equity interest in StarFIN Holdings Limited in exchange, the Company issue 8,232,038 restricted
shares of the Company's common stock, valued at $ 9,055,242. The consideration was derived from an agreed valuation of SFHL at $ 9,055,242.
The acquisition was consummated on January 20, 2023.

 The
acquisition of SFHL has been accounted for under the purchase method of accounting in accordance with Statement of Financial Accounting
Standards No. 141, "Business Combinations." Under the purchase method of accounting, the purchase price is allocated to the
assets acquired and liabilities assumed based on their estimated fair values.

 The
allocation of the purchase price has been prepared based on preliminary estimates of fair values. However, actual amounts recorded upon
the finalization of estimates of fair values may differ from the information presented in these unaudited pro forma condensed combined
consolidated financial statements. The Company estimates of the fair values of the assets and liabilities of SFHL have been combined
with the recorded values of the assets and liabilities of SFHL in the audited condensed combined financial information, goodwill was
immediately impaired upon recognition. Allocation of the purchase price is summarized below:

 SCHEDULE OF PURCHASE PRICE ALLOCATION

 Cash and cash equivalents

 $

 705,480

 Trade receivables, net

 676,396

 Deposits paid, prepayments and other receivables

 202,414

 Tax assets

 539,969

 Investment in Associates – Murni StarFIN Sdn
 Bhd

 8,657

 Property, plant and equipment, net

 585,816

 Trade payable

 ( 24,736

)

 Accrued expenses and other payables

 ( 734,476

)

 Deferred tax liabilities

 ( 213,524

)

 Hire purchase loan

 ( 16,554

)

 Amount due to directors

 ( 283,703

)

 Amount due to related parties

 ( 1,673

)

 Adjustment for foreign
 exchange fluctuation

 260,052

 Fair value of StarFIN Holdings Limited

 $

 1,704,118

 Fair value of consideration

 ( 9,055,242

)

 Goodwill

 $

 7,351,124

 Goodwill impairment

 ( 7,351,124

)

 4.
 TRADE RECEIVABLE

 SCHEDULE OF TRADE RECEIVABLE

 As of

 As of

 Trade receivable, gross

 $
 1,059,766

 $
 -

 Allowance for expected credit loss

 ( 55,076
)

 -

 Trade receivable, net

 $
 1,004,690

 $
 -

 F- 12

 5.
 PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES

 SCHEDULE OF PREPAID EXPENSES AND DEPOSITS AND OTHER RECEIVABLES

 As of

 As of

 Prepaid expenses

 $
 34,717

 $
 -

 Other receivables

 33,578

 3,000

 Other deposits

 30,952

 -

 Purchase in advance

 14,886

 -

 Total

 $
 114,133

 $
 3,000

 The
rental deposits represent the deposit of the tenancy agreements.

 Prepaid
expenses include website domain, third party software maintenance and subscription, rental, employee and motor vehicle insurance.

 Other
receivables includes receivables from management of car park for director and employees.

 Other
deposits primarily consist of deposit made for security deposit for renovation.

 6.
 PROPERTY, PLANT AND EQUIPMENT, NET

OF PROPERTY, PLANT AND EQUIPMENT

 As of

 As of

 Computer systems

 $
 259,798

 $
 -

 Furniture and fittings

 79,933

 -

 Electrical fittings

 9,808

 -

 Handphone

 51,000

 -

 Office equipment

 93,578

 -

 Renovation

 83,097

 -

 Motor vehicle

 364,726

 -

 Property

 403,120

 -

 Total property, plant and equipment

 $
 1,345,060

 $
 -

 Less: Accumulated depreciation

 ( 824,844
)

 -

 Total property, plant and equipment, net

 $
 520,216

 $
 -

OF INVESTMENT IN PROPERTY, PLANT AND EQUIPMENT

 For the year ended

 For
 the year ended

 Investment in computer systems

 $
 17,874

 $
 -

 Investment in furniture and fittings

 -

 Investment in electrical fittings

 -

 Investment in handphone

 3,393

 -

 Investment in office equipment

 6,497

 -

 Investment in renovation

 4,066

 -

 Total investment in property and plant

 $

 $
 -

 Depreciation for the period

 74,429

 $
 -

 For
the year ended December 31, 2023, the Company acquired a property amounted $ 420,225 financed through loan from director which is unsecured,
non-interest bearing and payable on demand and cash in hand.

 F- 13

 7.
 OTHER PAYABLES AND ACCRUED LIABILITIES

 SCHEDULE OF ACCRUED EXPENSES AND OTHER PAYABLES

 As of

 As of

 Accrued expenses

 $
 351,036

 $
 17,805

 Other payable

 57,503

 -

 Receipt in advance

 178,056

 -

 Total

 $
 586,595

 $
 17,805

 Accrued
expenses consist of outstanding audit fee, employee claims and salary, service tax and miscellaneous expenses.

 Other
payable includes primarily payable to third parties.

 Receipt
in advance consist of monies received from customer but have yet to satisfied performance obligation.

 8.
 AMOUNT DUE TO DIRECTOR

 As
of December 31, 2023, the Company had an outstanding amount due to director amounted $ 209,747, mainly consist of a loan from Mr. Wong
Kai Cheng for the acquisition of property.

 Aforementioned
amount is unsecured, non-interest bearing and payable on demand.

 9.
 AMOUNT DUE TO A RELATED PARTIES

 As
of December 31, 2023, the Company has an outstanding amount due to a number of related companies with common director and shareholder
pertaining to miscellaneous expenses made by these related parties on behalf in aggregate amounted $ 1,000.

 Aforementioned
amount is unsecured, non-interest bearing and payable on demand.

 10.
 HIRE PURCHASE

 On
April 30, 2021, the Company through subsidiary acquired a motor vehicle amounted $ 69,148 financed by $ 36,006 hire purchase loan for 36
months at a fixed flat rate of 1.88 % per annum with first installment commencing June 5, 2021 and monthly installment amounted approximately
$ 1,063. Remaining balance finance through cash in hand.

 For
the year ended December 31, 2023, the Company repaid $ 11,173 in hire purchase loan with an outstanding $ 4,759 as of December 31, 2023.

 Maturities
of the loan for the remaining one year are as follows:

OF MATURITIES OF LOAN

 Year ending December 31

 2024

 $
 4,759

 Total

 $
 4,759

 F- 14

 11.
 LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES

 SCHEDULE OF LEASE RIGHT OF USE ASSETS AND LEASE LIABILITIES

 Right-Of-Use Assets

 Purchase price allocation pertaining to acquisition of StarFIN Holdings Limited

 $
 134,807

 New lease recognized

 68,888

 Amortization for the year ended December 31, 2023

 ( 58,595
)

 Adjustment for exercising option

 511,969

 Adjustment for foreign currency translation difference

 ( 5,216
)

 Balance as of December 31, 2023

 $
 651,853

 Lease Liability

 Purchase price allocation pertaining to acquisition of StarFIN Holdings Limited

 $
 134,807

 New lease recognized

 68,888

 Imputed interest for the year ended December 31, 2023

 35,096

 Gross repayment for the year ended December 31, 2023

 ( 93,691
)

 Adjustment for exercising option

 511,969

 Adjustment for foreign currency translation difference

 ( 5,216
)

 Balance as of December 31, 2023

 651,853

 Lease liability current portion

 60,394

 Lease liability non-current portion

 $
 591,459

 Other
information:

OF OTHER INFORMATION

 For the year ended

 For the year ended

 Cash paid for amounts included in the measurement of lease liabilities:

 Operating cash flow to operating lease

 $
 93,691

 $
 -

 Right-of-use assets obtained in exchange for operating lease liabilities

 -

 -

 Remaining lease term for operating lease (years)

 8.71

 -

 Weighted average discount rate for operating lease

 5.40
 %

 -
 %

 12.
 RELATED PARTY TRANSACTIONS

 For
the year ended December 31, 2023 and 2022, the Company has following transactions with related parties:

 SCHEDULE OF RELATED PARTIES TRANSACTIONS

 For the year ended December 31, 2023

 For the year ended December 31, 2022

 Purchases

 - Insite MY International, Inc.

 $
 40,235

 $
 -

 Leasing

 - Office space leasing

 93,691

 -

 Total

 $
 133,926

 $
 -

 Our
Chief Executive Officer, Mr. Wong Kai Cheong is a majority shareholder of Insite MY International, Inc. For the year ended December 31,
2023, the Company has paid $ 93,691
 to Ms. Tan Siew Meng, spouse of our Chief Executive
Officer, Mr. Wong Kai Cheong pertaining to leasing of office space.

 F- 15

 13.
 CONCENTRATION OF RISK

 (a)

 Major Customers

 For
the year ended December 31, 2023, the Company generated total revenue of $ 3,109,515, of which no customers accounted for more than 10%
of the Company's total revenue. For the year ended December 31, 2022, the Company does not generate any revenue and hence there
was no customer accounted for more than 10% of the Company's revenue.

 (b)

 Major Suppliers

 For
the year ended December 31, 2023, the Company incurred cost of revenue of $ 105,547, of which two suppliers accounted for more than 10%
of the Company's cost of revenue. For the year ended December 31, 2022, the Company does not incur any cost of revenue and hence
there was no supplier accounted for more than 10% of the Company's cost of revenue. The suppliers who accounted for more than 10%
of the Company's cost of revenue and its outstanding payable balance at period-end is presented below:

 SCHEDULE OF CONCENTRATION OF RISK

 For the years ended December 31

 2023

 2022

 2023

 2022

 2023

 2022

 Percentage of

 Accounts
 payable, trade

 Supplier A

 $
 40,235

 $
 -

 %

 -
 %

 $
 19,467

 $
 -

 Supplier B

 45,846

 -

 %

 -
 %

 4,665

 -

 Others

 19,466

 -

 %

 -
 %

 -

 Total

 $
 105,547

 $
 -

 %

 -
 %

 $
 24,900

 $
 -

 Our
Chief Executive Officer, Mr. Wong Kai Cheong is a majority shareholder of Supplier A.

 F- 16

 14.
 INCOME TAXES

 The
loss before income taxes of the Company for the years ended December 31, 2023 and 2022 were comprised of the following:

 SCHEDULE OF COMPONENTS OF LOSS BEFORE INCOME TAXES

 2023

 2022

 For the years ended December 31

 2023

 2022

 Tax jurisdictions from:

 $
 ( 222,011
)

 $
 ( 54,670
)

 - Foreign, representing:

 Hong Kong

 ( 45,768
)

 ( 29,861
)

 British Virginia Island (non-taxable jurisdiction)

 ( 2,550
)

 -

 Labuan, Malaysia (non-taxable jurisdiction)

 ( 30,131
)

 ( 23,672
)

 415,749

 -

 Income before income taxes

 $

 $
)

 Provision
for income taxes consisted of the following:

OF PROVISION FOR INCOME TAXES

 2023

 2022

 For the years ended December 31

 2023

 2022

 Current:

 $
 -

 $
 -

 $
 ( 96,712
)

 $
 ( 3,999
)

 Deferred tax assets:

 $
 -

 $
 -

 $

 $
 -

 Deferred tax liabilities:

 $
 -

 $
 -

 $
 12,013

 $
 -

 Income tax payable:

 $
 -

 $
 -

 $
 3,358

 $
 -

 Income tax assets:

 $
 -

 $
 -

 $
 219,698

 $
 -

 F- 17

 The
effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range
of income tax rates. During the years presented, the Company has a number of subsidiaries that operates in various countries: United
States, Hong Kong, British Virginia Island and Malaysia 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, 2023,
the operations in the United States of America incurred $ 724,447 of cumulative net operating losses (NOL's) which can be carried
forward to offset future taxable income. The NOL carry forwards begin to expire in 2043, if unutilized. The Company has provided for
a full valuation allowance of approximately $ 152,134 against the deferred tax assets on the expected future tax benefits from the net
operating loss carry forwards as the management believes it is more likely than not that these assets will not be realized in the future.

 Hong
Kong

AsiaFIN Holdings Corp. is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 8.25 % on its assessable
income.

 Labuan

 Under
the current laws of the Labuan, AsiaFIN Holdings Corp. is governed under the Labuan Business Activity Act, 1990. The tax charge for such
company is based on 24 % of net audited profit.

 All
Malaysia companies are subject to the Malaysia Corporate Tax Laws at a two-tier corporate income tax rate based on amount of paid-up
capital. The 2023 tax rate for company with paid-up capital of MYR2,500,000 (approximately $544,757) or less and that are not part of
a group containing a company exceeding this capitalization threshold is 17% on the first MYR600,000 (approximately $130,742) taxable
profit with the remaining balance being taxed at 24%.

 As
of December 31, 2023, the operations in Malaysia generated $ 7,027,929 of cumulative net operating losses which can be carried forward
to offset future taxable income. The net operating loss can be carried forward for seven years. The Company has provided for a full valuation
allowance against the deferred tax assets of $ 1,194,748 on the expected future tax benefits from the net operating loss carry forwards
as the management believes it is more likely than not that these assets will not be realized in the future.

 15.
 DIVIDEND

 For
the year ended December 31, 2022, Insite MY Innovations Sdn Bhd and Insite MY Systems Sdn Bhd, passed a board resolution for declaration
of dividend amounted MYR 1,700,000 (approximately $ 385,680) and MYR 4,294,000 (approximately $ 974,182), respectively to StarFIN Asia Sdn
Bhd. Subsequently, StarFIN Asia Sdn Bhd passed a board resolution for declaration of dividend amounted MYR 5,794,000 (approximately $ 1,314,488)
to Mr. Wong Kai Cheong and Mr. Hoo Swee Ping, before acquired by StarFIN Holdings Limited on January 20, 2023.

 No
dividend was declared for the year ended December 31, 2023.

 16.
 FOREIGN CURRENCY EXCHANGE RATE

 The
Company cannot guarantee that the current exchange rate will remain stable, therefore there is a possibility that the Company could post
the same amount of income for two comparable periods and because of the fluctuating exchange rate post higher or lower income depending
on exchange rate converted into US$ at the end of the financial year. The exchange rate could fluctuate depending on changes in political
and economic environments without notice.

 F- 18

 17.
 SEGMENT REPORTING

 ASC
280, "Segment Reporting" establishes standards for reporting information about operating segments on a basis consistent with
the Company's internal organization structure as well as information about services categories, business segments and major customers
in financial statements. The Company has single reportable segment based on business unit, information technology business and two reportable
segments based on country, Malaysia and Non-Malaysia.

 In
accordance with the "Segment Reporting" Topic of the ASC, the Company's 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.

 SCHEDULE OF SEGMENT REPORTING

 For the Year Ended and
 As of December 31, 2023

 By Business Unit

 Information
 Technology Business

 Total

 $

 $

)

)

 Gross profit

 $

 $

 Share of loss from operation of associate

 ( 152
)

 ( 152
)

 Selling, general and administrative expenses and other income

 ( 2,888,527
)

 ( 2,888,527
)

 Profit from operations

 Total assets

 $

 $

 Capital expenditure

 $

 $

 For the Year Ended and
 As of December 31, 2023

 By Country

 Non-Malaysia

 Total

 $

 $
 -

 $

)

 -

)

 Gross profit

 $

 $
 -

 $

 Share of loss from operation of associate

 ( 152
)

 -

 ( 152

)

 Selling, general and administrative expenses and other income

 ( 2,642,198
)

 ( 246,329
)

 ( 2,888,527
)

 Profit/(Loss) from operations

 361,618

 ( 246,329
)

 Total assets

 $
 3,717,927

 $
 35,047

 $

 Capital expenditure

 $

 $
 -

 $

 F- 19

 For the Year Ended and
 As of December 31, 2022

 By Business Unit

 Information
 Technology Business

 Total

 $
 -

 $
 -

 -

 -

 Gross profit

 $
 -

 $
 -

 General and administrative expenses and other income

)

)

 Loss from operations

)

)

 Total assets

 $

 $

 Capital expenditure

 $
 -

 $
 -

 For the Year Ended and
 As of December 31, 2022

 By Country

 Non-Malaysia

 Total

 $
 -

 $
 -

 $
 -

 -

 -

 -

 Gross profit

 $
 -

 $
 -

 $
 -

 General and administrative expenses and other income

 ( 23,672
)

 ( 84,531
)

)

 Loss from operations

 ( 23,672
)

 ( 84,531
)

)

 Total assets

 $
 848,739

 $
 28,951

 $

 Capital expenditure

 $
 -

 $
 -

 $
 -

 18.
 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, 2023 up through the date the Company presented these audited financial statements.

 On
January 3, 2024, AsiaFIN Holdings Corp., the Malaysia Company, a wholly owned subsidiary of the Company entered into a joint venture
agreement (herein referred to as the "Agreement") with Greenpro KSP Holdings Group Co., Ltd. (herein referred to as
the "GPKSP").

 Pursuant
to the Agreement, both parties have agreed to incorporate a new company, KSP AsiaFIN Co., Ltd (herein referred to as the "KSP
AsiaFIN"). The Company agreed to acquire 49 % equity stake in KSP AsiaFIN for THB 2,450,000 (approximately $ 70,000). KSP AsiaFIN
is set to exclusively distribute and implement OrangeWorkforce, Robotic Process Automation (RPA) solution developed by OrangeFIN Asia
Sdn Bhd, a wholly subsidiary under the Company for the market in Thailand and Laos.

 F- 20