false FY 0001828748

 2024-06-30

 2025-03-25

 2024-10-01

 us-gaap: RelatedPartyMember

 us-gaap: RelatedPartyMember

 srt: DirectorMember

 srt: DirectorMember

 us-gaap: RelatedPartyMember

 us-gaap: RelatedPartyMember

 ASFH:MalaysiaCompanyMember

 2019-12-18

 ASFH:MalaysiaCompanyMember

 2019-12-18
 2019-12-18

 ASFH:HongKongCompanyMember

 2019-12-23
 2019-12-23

 ASFH:AcquisitionAgreementMember

 ASFH:AcquisitionAgreementMember

 ASFH:WongKaiCheongMember

 ASFH:HooSweePingMember

 ASFH:ChamHuiYinMember

 us-gaap: RestrictedStockMember

 ASFH:AsiaFINHoldingsCorpLabuanMember

 ASFH:AsiaFINHoldingsCorpLabuanMember

 ASFH:AsiaFINHoldingsLimitedHongKongMember

 ASFH:AsiaFINHoldingsLimitedHongKongMember

 ASFH:StarFINAsiaSdnBhdMember

 ASFH:StarFINAsiaSdnBhdMember

 ASFH:InsiteMYComSdnBhdMember

 ASFH:InsiteMYComSdnBhdMember

 ASFH:InsiteMYSystemsSdnBhdMember

 ASFH:InsiteMYSystemsSdnBhdMember

 ASFH:InsiteMYInnovationsSdnBhdMember

 ASFH:InsiteMYInnovationsSdnBhdMember

 ASFH:OrangeFINAsiaSdnBhdMember

 ASFH:OrangeFINAsiaSdnBhdMember

 ASFH:TellUSReportSdnBhdMember

 ASFH:TellUSReportSdnBhdMember

 ASFH:MurniStarFINSdnBhdMember

 ASFH:MurniStarFINSdnBhdMember

 ASFH:KSPAsiaFINcoLtdMember

 ASFH:KSPAsiaFINcoLtdMember

 ASFH:RenovationMember

 srt: MinimumMember

 srt: MaximumMember

 us-gaap: FurnitureAndFixturesMember

 ASFH:ElectricalFittingsMember

 ASFH:HandphoneMember

 us-gaap: OfficeEquipmentMember

 ASFH:MotorVehicleMember

 ASFH:PropertyMember

 ASFH:PeriodEndMYRUSexchangeRateMember

 ASFH:PeriodEndMYRUSexchangeRateMember

 ASFH:PeriodAverageMYRUSexchangeRateMember

 ASFH:PeriodAverageMYRUSexchangeRateMember

 ASFH:PeriodEndHKUSexchangeRateMember

 ASFH:PeriodEndHKUSexchangeRateMember

 ASFH:PeriodAverageHKUSexchangeRateMember

 ASFH:PeriodAverageHKUSexchangeRateMember

 ASFH:PeriodEndTHBUSexchangeRateMember

 ASFH:PeriodEndTHBUSexchangeRateMember

 ASFH:PeriodAverageTHBUSexchangeRateMember

 ASFH:PeriodAverageTHBUSexchangeRateMember

 2022-12-21

 us-gaap: FurnitureAndFixturesMember

 ASFH:ElectricalFittingsMember

 ASFH:HandphoneMember

 us-gaap: OfficeEquipmentMember

 ASFH:RenovationMember

 ASFH:MotorVehicleMember

 ASFH:PropertyMember

 us-gaap: FurnitureAndFixturesMember

 us-gaap: FurnitureAndFixturesMember

 ASFH:ElectricalFittingsMember

 ASFH:ElectricalFittingsMember

 ASFH:HandphoneMember

 ASFH:HandphoneMember

 us-gaap: OfficeEquipmentMember

 us-gaap: OfficeEquipmentMember

 ASFH:RenovationMember

 ASFH:RenovationMember

 ASFH:InvestmentPropertyMember

 ASFH:InvestmentPropertyMember

 ASFH:PropertyMember
 srt: DirectorMember

 2021-04-30
 2021-04-30

 2021-04-30

 ASFH:InsiteMYInternationalIncMember

 ASFH:InsiteMYInternationalIncMember

 srt: ChiefExecutiveOfficerMember

 srt: ChiefExecutiveOfficerMember

 ASFH:MsTanSiewMengMember

 ASFH:MsTanSiewMengMember

 country: US

 country: US

 country: HK

 country: HK

 ASFH:BritishVirginiaIslandMember

 ASFH:BritishVirginiaIslandMember

 ASFH:LabuanMember

 ASFH:LabuanMember

 country: MY

 country: MY

 us-gaap: DomesticCountryMember

 us-gaap: DomesticCountryMember

 us-gaap: ForeignCountryMember

 us-gaap: ForeignCountryMember

 us-gaap: DomesticCountryMember

 us-gaap: DomesticCountryMember

 us-gaap: ForeignCountryMember

 us-gaap: ForeignCountryMember

 country: US

 us-gaap: InlandRevenueHongKongMember

 ASFH:LabuanMember

 country: MY

 ASFH:FintechMember

 ASFH:RegtechMember

 ASFH:RPAMember

 ASFH:FintechMember

 ASFH:RegtechMember

 ASFH:RPAMember

 ASFH:NonMalaysiaMember

 ASFH:NonMalaysiaMember

 ASFH:FintechMember

 ASFH:RegtechMember

 ASFH:RPAMember

 ASFH:FintechMember

 ASFH:RegtechMember

 ASFH:RPAMember

 ASFH:NonMalaysiaMember

 country: MY

 ASFH:NonMalaysiaMember

 srt: RevisionOfPriorPeriodReclassificationAdjustmentMember

 us-gaap: SubsequentEventMember
 ASFH:SubscriptionAgreementMember

 2025-01-20
 2025-01-20

 us-gaap: SubsequentEventMember
 ASFH:SubscriptionAgreementMember

 2025-01-20

 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, 2024

 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

 ASIAFIN
HOLDINGS CORP.

 (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

 Address
of principal executive offices, including zip code

 +603 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.

 N/A

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).

 N/A

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

 Yes
 No

 The aggregate market value of the voting and non-voting common stock held by non-affiliates on June 30, 2024 (the
last business day of our most recently completed second fiscal quarter) was $ 13,806,386 based on the average bid and asked price of $1.18.

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 25, 2025

 Common Stock, $ 0.0001 par value

 DOCUMENTS
INCORPORATED BY REFERENCE

 No
documents are incorporated by reference.

 ASIAFIN
HOLDINGS CORP.

 FORM

 For
the Fiscal Year Ended December 31, 2024

 Page
 #

 PART
 I

 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

 PART
 II

 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.

 PART
 III

 Item
 10.

 Directors,
 Executive Officers and Corporate Governance

 Item
 11.

 Executive

 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

 PART
 IV

 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 acquired 100% of the equity interests of AsiaFIN Holdings Corp. (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, the Malaysia Company acquired AsiaFIN Holdings Limited (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. entered into an Acquisition Agreement (the "Agreement") with
StarFIN Holdings Limited. ("SFHL"), a private limited company organized under the law of British Virgin
Islands, and the shareholders of SFHL. Pursuant to the Agreement, the Company purchased 10,000 shares of SFHL (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. Prior to
the acquisition, Mr. Wong Kai Cheong held 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, held 10.91% of our issued and outstanding securities and 40.22% of the
issued and outstanding securities of SFHL, and Cham Hui Yin, our Finance Manager, held 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, was in the business of providing market research studies and consulting services to its client,
which were primarily in the payment solution industry.

 After
the acquisition of SFHL on February 23, 2023, 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), including Environmental
Social and Governance (ESG) consultancy & reporting and Robotic Process Automation (RPA) software solution across
Asia.

 The table below sets forth
details of the Company's subsidiaries and associates:

 No.

 Subsidiary
 Company Name

 Domicile and Date of Incorporation

 Particulars
of Issued Capital

 Principal Activities

 AsiaFIN Holdings Corp.

 Labuan on July 15, 2019

 1 share of common stock

 Investment holding company

 AsiaFIN Holdings Limited

 Hong Kong on July 5, 2019

 1 share of common stock

 Investment holding company

 StarFIN Holdings Limited

 British Virgin Islands on August 19, 2021

 10,000 shares of common stock

 Investment holding company

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

 Malaysia on May 24, 2018

 11,400,102 shares of common stock

 Investment holding company

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

 Malaysia on February 2, 2000

 100,000 shares of common stock

 Provision of business system integration and management services

 `

 Insite MY Systems Sdn Bhd

 Malaysia on January 18, 2000

 500,000 shares of common stock

 Provision of information technology services

 Insite MY Innovations Sdn Bhd

 Malaysia on January 18, 2010

 540,000 shares of common stock

 Provision of information technology services

 OrangeFIN Asia Sdn Bhd

 Malaysia on January 25, 2018

 50,000 shares of common stock

 Provision of computer programming activities and services

 TellUS Report Sdn Bhd

 Malaysia on September 22, 2023

 60 shares of common stock

 Provision of information technology services

 No.

 Associate
 Company Name

 Domicile
 and Date of Incorporation

 Particulars
 of Issued Capital

 Principal
 Activities

 Murni
 StarFIN Sdn Bhd

 on September 9, 2022

 100,000

 KSP
 AsiaFIN Co., Ltd. (FKA KSP StarFIN Co., Ltd.)

 Thailand
 on August 11, 2023

 50,000

 Mr.
Wong Kai Cheong is the common director of all of aforementioned companies except KSP AsiaFIN Co., Ltd.

 Ms. Cham Hui Yin is the director of KSP AsiaFIN
Co., Ltd.

 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 90 key bank customers on payment
processing and Reg Tech 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
required 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 and lately e-Invoicing reporting for large corporations. We have more than 30 financial institutions and 20 large corporations using this Regtech 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. We have spinoff a company, TellUS Report Sdn Bhd, to focus on this new line of business in both the consultancy
and reporting.

 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 total transaction value in the Digital
Payments market is projected to reach US$805.54 billion in 2025 1. Total transaction value is expected to show an annual growth
rate (CAGR 2025-2029) of 19.83% resulting in a projected total amount of US$1.66 trillion by 2029. The market's largest market is
Mobile POS Payments with a projected total transaction value of US$493.26 billion in 2025.

 The Digital Payments market segment is led by consumer
transactions and includes payments for products and services which are made over the Internet as well as digital payments at point of
sale (POS) via digital wallet applications and cross-border money transfers made over the internet (digital remittances).

 Across the globe, cheque payments are generally declining
as digital payments become more popular. Despite the decline, cheques continue to be used for specific transactions, such as larger payments,
rent, and payments to charities or contractors. Despite the rise of digital payments, cheques remain an important form of non-cash payments
in Southeast Asian countries like Malaysia, Philippines and Indonesia.

 The global number of cheque
payments in 2023 highlights a sharp decline in usage across various countries. The United States leads with 72.47 million units but exhibits
a -4.88% decrease year-on-year 2. France, holding 7.97 million units, also shows a -6.59% decline. India, with 6.72 million
units, reduced by -1.42%, while Canada saw a significant -7.22% drop with 2.21 million units. Brazil experienced the most substantial
drop of -17.13% at 1.59 million units. Other notable variations include Mexico (-7.21%), Italy (-11.5%), Argentina (-0.79%), Spain (-1.9%),
and United Kingdom with a steep -41.22% decrease at minimal usage of 0.15 million units.

 Future trends to watch include
further declines in cheque usage as digital payments continue to rise. Emerging markets like India may transition more rapidly from cheques
to electronic payments. The United States, with still a volume of 11 million cheques issued in 2023, is likely to see continued reductions
due to the adoption of digital alternatives. European countries that have already minimal cheque usage will potentially phase out cheques
entirely. Watching the adoption rate of digital payment solutions in regions like Latin America and Asia could provide further insights
into the declining trends of cheque payments globally.

 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 (RPA) market
size was valued at US$5.77 billion in 2023 3. The Robotic Process Automation market industry is projected to grow from US$7.40
billion in 2024 to US$42.38 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.37% during the forecast period (2024
- 2032).

 Improved operational costs for businesses with a rising
smartphone adoption rate and fostering demand for technologically advanced and innovative electronic products are the key market drivers
enhancing market growth.

 The Southeast Asia Robotic Process Automation market
size was estimated at US$0.22 billion in 2024 4. The Southeast Asia Robotic Process Automation market industry is expected to
grow from US$0.31 billion in 2025 to US$7.96 billion in 2034, exhibiting a compound annual growth rate (CAGR) of 41.20% during the forecast
period (2025 - 2034). The rising need for digital transformation, the expanding uptake of automation solutions, and the progress made
in artificial intelligence (AI) and machine learning (ML) technologies are the main market drivers anticipated to propel the Robotic Process
Automation market in Southeast Asia.

 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.

 The global RegTech market size was estimated to be
US$7.6 billion in 2021 and is projected to be worth US$19.5 billion by 2026 to grow at a CAGR of 20.8% during the forecast period 5.

 The Asia-Pacific 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.

 The United States has emerged as a key regional market
for RegTech as regulatory requirements are becoming more complex in various industries. Financial institutions are increasingly utilizing
RegTech solutions to simplify compliance procedures, cut operational expenses, and lessen risks related to non-compliance. Moreover, the
use of artificial intelligence (AI), blockchain, and other technologies is enabling real-time data analysis and improving regulatory reporting.
Furthermore, organizations are increasingly prioritizing compliance automation due to heightened regulatory scrutiny and the risk of substantial
penalties for non-compliance. The IMARC Group forecasts that the United States RegTech market will experience a 21.84% compound annual
growth rate (CAGR) from 2024 to 2032 6.

 References:

 1.

 2.

 3.

 4.

 5.

 6.

 Marketing

plans to participate frequently in several international or regional scale industry roadshows, conferences, and exhibitions to promote
its products and services 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 (MDEC), 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, Nordics
and USA programs.

 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 media such as Instagram, YouTube, Linked In, and Facebook, to do a marketing campaign via direct messaging.

 We
have joined associations such as the Association of Computer Industry of Malaysia (PIKOM), Federation of Malaysian Manufacturers (FMM)
and the Small and Medium Enterprise Association of Malaysia (SME Association). We are exploring membership in the FinTech Association
of Malaysia ("FOAM") and the Fintech Associations of Philippines and Thailand once we have made contact thorough our marketing
efforts. We also have joined the Regtech Association based in Sydney, Australia, that has membership worldwide. We plan to start email
marketing campaigns and send out emails to a large database associated with these organizations accumulated through their memberships,
pending formalization of any collaboration with these associations or organizations.

 In
addition, AsiaFIN has formed a joint venture company with KSP GreenPro Ltd in Thailand to form the company called KSP AsiaFIN Ltd for
the Thailand and Laos market. AsiaFIN also plans to create market expansion through joint ventures or strategic collaborations with software
solution providers in other ASEAN countries such as Philippines, Indonesia, Singapore, Malaysia and will then further expand to the rest
of countries in the Nordics, Kingdom of Saudi Arabia, 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 operating in.

 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 recognized 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; for operating the Hong Kong'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 as an intellectual property trading hub in the region.

 a.

 Patents

 Hong
Kong patent law is territorial. Patents granted in the Hong Kong will only get protection in the Hong Kong. The Hong Kong 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'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.
In order to obtain protection as registered trademarks in the Hong Kong, 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 labor 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, 2024, we had 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 have collaborated with external
experts, including cybersecurity assessors and consultants. This cooperation involves 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 implement 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
currently lease four physical offices in Kuala Lumpur, Malaysia, with addresses as follows:

 Property Address

 Leased Square Feet

 Leasing Period

 Monthly Leasing Fee

 1.

 Suite 30.01, 30th Floor, Menara KH (Promet), Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia.

 2,010

 September 1, 2024 to August 31, 2026

 $
 2,271

 2.

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

 3,119

 September 1, 2024 to August 31, 2026

 $
 3,524

 3.

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

 1,380

 April 16, 2020 to December 31, 2025

 $
 1,374

 4.

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

 1,060

 June 1, 2023 to May 31, 2025

 $

 We currently own one
physical office in Kuala Lumpur, Malaysia, with address as follows:

 1.

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

 Our executive office is located
at Suite 30.02, 30th Floor, Menara KH (Promet), Jalan Sultan Ismail, 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

 Shares
of the Company's sole class of common equity is currently quoted under OTCQB Venture Market under symbol
"ASFH" since March 31, 2021. We believe that there is no established public trading market for our shares and we cannot
assure you that there will be any liquidity for shares of 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 2024

 High
 Bid

 Low
 Bid

 First Quarter

 $
 0.27

 $
 0.10

 Second Quarter

 $
 1.22

 $
 0.10

 Third Quarter

 $
 0.97

 $
 0.49

 Fourth Quarter

 $
 1.20

 $
 0.49

 Fiscal
 Year 2023

 High
 Bid

 Low
 Bid

 First Quarter

 $
 0.06

 $
 0.01

 Second Quarter

 $
 0.10

 $
 0.06

 Third Quarter

 $
 0.25

 $
 0.10

 Fourth Quarter

 $
 0.25

 $
 0.24

 Holders

 As
of December 31, 2024, 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) 828-8436.

 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, Inc. ("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, 2024.

 ITEM
6. [RESERVED]

 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 90 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 Years Ended December 31, 2024 and
2023

 For the Years Ended December 31,

 Increase (decrease) in

 2024

 2023

 2024 compared to 2023

 (In U.S. dollars, except for percentages)

 $

 100.0
 %

 $

 100.0
 %

 $
 272,917

 8.8
 %

 Cost of revenue

 (1,958,632
)

 (57.9
)%

 (1,708,334
)

 (54.9
)%

 250,298

 14.7
 %

 Gross profit

 42.1
 %

 45.1
 %

 22,619

 1.6
 %

 Share of loss from operation of associate

 (9,843
)

 (0.3
)%

 (152
)

 (0.0
)%

 9,691

 6,375.7
 %

 Selling, general and administrative expenses

 (1,464,215
)

 (43.3
)%

 (1,298,849
)

 (41.8
)%

 165,366

 12.7
 %

 Other income

 7,281

 0.2
 %

 13,109

 0.4
 %

 (5,828
)

 (44.5
)%

 (Loss)/income from operations

 (42,977
)

 (1.3
)%

 3.7
 %

 (158,266
)

 (137.3
)%

 Income tax expense

 (118,991
)

 (3.5
)%

 (96,712
)

 (3.1
)%

 22,279

 23.0
 %

 Net (loss)/income

 (161,968
)

 (4.8
)%

 18,577

 0.6
 %

 (180,545
)

 (971.9
)%

 Net income attributable to non-controlling interest

 18,391

 0.5
 %

 0.0
 %

 17,754

 2,787.1
 %

 Net (loss)/income attributed to common shareholders of AsiaFIN Holdings Corp.

 $
 (143,577
)

 (4.2
)%

 $
 19,214

 0.6
 %

 $
 (162,791
)

 (847.3
)%

 For
the year ended December 31, 2024, the Company generated revenue in the amount of $3,382,432. 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, 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.

 Selling,
General and Administrative Expenses

 For
the year ended December 31, 2024, the Company had selling, general and administrative expenses in the amount of $1,464,215. These were
primarily comprised of salary expenses, audit fees, insurance, consultancy fee, travelling expenses, other professional fees and transportation
charges.

 For
the year ended December 31, 2023, the Company had selling, general and administrative expenses in the amount of $1,298,849. These were
primarily comprised of salary expenses, audit fees, insurance 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, 2024, the Company has incurred a net loss of $143,577.

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

 Liquidity
and Capital Resources

 As
of December 31, 2024 and 2023, we had cash and cash equivalents of $1,309,929 and $1,234,188 respectively. We expect increased levels
of operations going forward will result in more significant cash flows and in turn working capital.

 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
Provided by/Used in Operating Activities

 For
the year ended December 31, 2024, the Company has $343,001 provided by operating activity, of which primarily consist of impairment
of investment in associate, share of loss from operation of associate, depreciation and amortization, increase in account payable,
increase in other payables and accrued liabilities, increase in deferred revenue and increase in income tax payable contra by net
loss, minority interest, provision for credit loss allowance, increase in account receivable, increase in prepayment, deposits and
other receivables, increase in tax asset, increase in deferred income tax assets and reduction in lease liability.

 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, decrease in
tax assets and decrease in deferred income tax assets.

 Cash
Used in Investing Activities

 For
the year ended December 31, 2024, the Company has invested $209,133 in investing activities, for the acquisition of computer systems,
mobile phones, renovation and investment in associate.

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

 Cash
Provided by Financing Activities

 For
the year ended December 31, 2024, the Company has used $77,401 in financing activities, primarily consist of advances to director.

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

 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, 2024 and December 31, 2023.

 Contractual
Obligation

 The contractual obligations presented in the table
below represent our estimates of future cash payments under fixed contractual obligations.

 The following table summarizes our contractual obligations
as of December 31, 2024:

 Total

 Due within 1 year

 Operating lease obligations 1

 $
 615,444

 $
 64,787

 Loan obligation 2

 150,993

 67,108

 Total contractual obligations

 $
 766,437

 $
 131,895

 1 Amount includes operating lease right-of-use
obligations. We have one office space leasing agreement with our Chief Executive Officer and director, Mr. Wong Kai Cheong, and three
office space leasing agreements with third party.

 2 Represents the loan agreement with our
Chief Executive Officer and director, Mr. Wong Kai Cheong, for the acquisition of property.

 There were no outstanding obligations that were considered
material as of December 31, 2024.

 Critical
Accounting Policies and Estimates

 Use
of estimates

 The
preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates
and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities at the date of the financial
statements, and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates include certain
assumptions related to, among others, the allowance for credit losses, impairment analysis of real estate assets and other long-term
assets including goodwill, valuation allowance on deferred income taxes, and the accrual of potential liabilities. Actual results may
differ from these estimates.

 Credit
losses

 The
Company estimates and records a provision for its expected credit losses related to its financial instruments, including its trade receivables.
Management considers historical collection rates, the current financial status of the Company's customers, macroeconomic factors,
and other industry-specific factors when evaluating current expected credit losses. Forward-looking information is also considered in
the evaluation of current expected credit losses. However, because of the short time to the expected receipt of accounts receivable,
management believes that the carrying value, net of expected losses, approximates fair value and therefore, relies more on historical
and current analysis of such financial instruments, including its trade receivables.

 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.

recognition

 The
Company follows the guidance of ASC 606, "Revenue from Contracts" ("ASC 606"). ASC 606 creates a five-step
model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts
or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction
price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance
obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect
the consideration it is entitled to in exchange for the services it transfers to its clients.

 The
Company's revenue consists of revenue from providing information technology services such as business system integration and management
services, computer programming activities and services to the customers.

 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.

 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.

 Recent
Adopted Accounting Pronouncements

 In
November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures",
which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant
segment expenses. The ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023, and interim periods in
fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company already adopted this ASU on its consolidated
financial statements and related disclosures.

 In
December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures", which requires
disaggregated information about the reporting entity's effective tax rate reconciliation as well as information on income taxes
paid. The ASU 2023-09 is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company already
adopted this ASU on its consolidated financial statements and related disclosures.

 Except
for the above-mentioned pronouncements, there are no new recent issued accounting standards that will have a material impact on our consolidated
financial statements and related disclosures.

 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, 2024. 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, 2024.

 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, 2024. 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, 2024, 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, 2024.

 1.

 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.

 2.

 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, 2024 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, on June 19, 2024,
the Company's Board of Directors (the "Board") unanimously resolved to appoint Louis Ramesh Ruben ("Dr. Ramesh")
and Shibu Chacko Jacob Vadaketh ("Mr. Shibu") as independent directors to the Board. Both Dr. Ramesh and Mr. Shibu serve
on the Company's Audit Committee. Dr. Ramesh serves as chairman of the Audit Committee effective July 1, 2024.

 We
also plan to initiate the following series of measures to further strengthen the Company's internal controls going forward:

 1.

 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

 2.

 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 2025.

 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, 2024, 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:

 N ame

 A ge

 P osition

 Wong
 Kai Cheong

 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, 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 grow our market share in
Malaysia and throughout Asia.

 Seah
Kok Wah – Director

 Sean
SEAH Kok Wah, a Malaysian citizen, currently serves as the Executive Director of the Company and the Executive Chairman of Angkasa-X
Holdings Corp.

 Seah
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 Doctor of Business Administration (International
Business) from Riviera University. In 1994, he began his technology 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.

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

 Currently,
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 citizen, 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 auditor Malaysia.

 In
2004, Ms. Cham joined Actis Capital LLP, a leading global investor in sustainable infrastructure, during the spinout 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 and Administration 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 Administration. Nettium Sdn Bhd is
a software company providing online gaming platform with 250 headcounts.

 She
later joined 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 and Administration 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 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

 The
Audit Committee consists of (i) Louis Ramesh Ruben, who is the Chairman of the Audit Committee, (ii) Shibu Chacko Jacob Vadaketh. Each
member of the Audit Committee meets the requirements for independence, including the enhanced requirements applicable to audit committee
members, and can read and understand fundamental financial statements in accordance with the applicable rules and regulations of the
Securities Exchange Commission. In arriving at this determination, the Board has examined each Audit Committee member's professional
experience and the nature of their employment in the corporate finance sector.

 The
primary functions of the Audit Committee include the following:

 1.

 oversee
 the Company's accounting and financial reporting processes;

 2.

 oversee
 audits of the Company's financial statements;

 3.

 discuss
 policies with respect to risk assessment and risk management, and discuss the Company's major financial risk exposures and
 the steps management has taken to monitor and control such exposures;

 4.

 review
 and discuss with management the Company's audited financial statements and review with management and the Company's independent
 registered public accounting firm the Company's financial statements prior to the filing with the SEC of any report containing
 such financial statements;

 5.

 recommend
 to the board that the Company's audited financial statements be included in its annual report on Form 10-K for the last fiscal
 year;

 6.

 be
 directly responsible for the appointment, compensation, retention and oversight of the work of any independent registered public
 accounting firm engaged to prepare or issue an audit report for the Company;

 7.

 take,
 or recommend the board to take appropriate action to oversee and ensure the independence of the Company's independent registered
 public accounting firm; and

 8.

 review
 major changes to the Company's auditing and accounting principles and practices as suggested by the Company's independent
 registered public accounting firm, internal auditors or management.

 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, 2024.

 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, 2024 and 2023, 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

 ($)

 Nonqualified

 Deferred

 Earnings

 ($)

 All
 Other

 ($)

 Total

 ($)

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

 2024

 52,625

 4,385

 -

 -

 -

 -

 -

 57,010

 Treasurer, Director (Principal
 Executive Officer)

 2023

 52,541

 4,160

 -

 -

 -

 -

 -

 56,701

 Cham Hui Yin, Finance
 Manager

 2024

 65,781

 8,552

 -

 -

 -

 -

 -

 74,333

 (Principal Financial Officer,
 Principal Accounting Officer)

 2023

 51,227

 3,831

 -

 -

 -

 -

 -

 55,058

 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

 We
do not have an employment or consulting agreement with any officers or directors.

 Insider Trading Policy

 The Company has adopted an insider trading policy that governs the purchase, sale and other dispositions of our securities
that applies to the Company and our officers and directors, as well as our employees that have regular access to material, nonpublic information
about the Company in the normal course of their duties. We believe that our insider trading policy is reasonably designed to promote compliance
with insider trading laws, rules and regulations, and listing standards applicable to us. A copy of our insider trading policy is filed
as Exhibit 19.1 to this Annual Report on Form 10-K.

Discussion and Analysis

 Director

 Our,
independent directors, Louis Ramesh Ruben and Shibu Chacko
Jacob Vadaketh receive a monthly fee of $500 respectively, in cash payable, commencing on July 1, 2024. The Board of
Directors reserves the right in the future to alter the awards to the members of the Board of Directors in 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, 2024, 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, 2024 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.

 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.

 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 beneficia lly
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

 During the years ended December 31, 2024 and 2023, the Company have related party transactions as set forth below:

 Name of Related Parties

 Relationship with the Company

 Wong Kai Cheong

 Chief Executive Officer, President, Secretary, Treasurer and Director of the Company

 Insite MY International, Inc.

 A company controlled by CEO, Mr. Wong Kai Cheong

 Tan Siew Meng

 Spouse of CEO, Mr. Wong Kai Cheong

 For the years ended December
31, 2024 and 2023, the Company made purchases from Insite MY International, Inc. with a purchasing amount of $77,294 and $40,235 respectively.
Our Chief Executive Officer and director, Mr. Wong Kai Cheong, is the major shareholder of Insite MY International, Inc. with a controlling
interest of 77.5%.

 The Company leases one office space with fee from
Wong Kai Cheong with the following address:

 Property Address

 Leasing Period

 Monthly Leasing Fee

 1.

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

 September 1, 2024 to August 31, 2026

 $
 3,524

 The Company leases three office spaces with fees from
Tan Siew Meng with the following addresses:

 Property Address

 Leasing Period

 Monthly Leasing Fee

 1.

 Suite 30.01, 30th Floor, Menara KH (Promet), Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia.

 September 1, 2024 to August 31, 2026

 $
 2,271

 2.

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

 April 16, 2020 to December 31, 2025

 $
 1,374

 3.

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

 June 1, 2023 to May 31, 2025

 $

 The Company had the following related party balances
at the end of the years:

 Amount due to related party

 As of
 December 31, 2024

 As of

 Wong Kai Cheong

 $
 146,018

 $
 209,747

 Total

 $
 146,018

 $
 209,747

 For the year ended
 December 31, 2024

 For the year ended

 Purchases

 - Insite MY International, Inc.

 $
 77,294

 $
 40,235

 Office space leasing

 - Wong Kai Cheong

 42,288

 42,224

 - Tan Siew Meng

 52,693

 51,467

 Total

 $
 172,275

 $
 133,926

 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, 2024 and 2023.

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

 ACCOUNTING
 FEES AND SERVICES

 2024

 2023

 Audit fees

 $
 49,318

 $
 92,746

 Audit-related fees

 -

 -

 Tax fees

 -

 -

 All other fees

 -

 -

 Total

 $
 49,318

 $
 92,746

 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

 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-19

 (b)
Exhibits

 The
following exhibits are filed herewith:

 3.1

 Articles of Incorporation (Incorporated by reference to Exhibit 3.1 to our registration statement on Form S-1 filed with the SEC on March 19, 2021)

 3.2

 Bylaws (Incorporated by reference to Exhibit 3.2 to our registration statement on Form S-1 filed with the SEC on March 19, 2021)

 10.1

 Joint Venture Agreement, dated January 3, 2024, between the Company and Greenpro KSP Holding Group Co., Ltd. (Incorporated by reference to Exhibit 10.1 to our current report on Form 8-K filed with the SEC on January 8, 2024)

 10.2

 Independent Director Agreement, dated July 1, 2024, by and between the Company and Louis Ramesh Ruben (Incorporated by reference to Exhibit 10.1 to our current report on Form 8-K filed with the SEC on July 1, 2024)

 10.3

 Independent Director Agreement, dated July 1, 2024, by and between the Company and Shibu Chacko Jacob Vadaketh (Incorporated by reference to Exhibit 10.2 to our current report on Form 8-K filed with the SEC on July 1, 2024)

 19.1*

 Insider Trading Policy

 21.1*

 List of Subsidiaries

 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

 101.CAL

 101.DEF

 101.LAB

 101.PRE

 *Filed herewith

 (c) Financial Statement Schedules

 None.

 ITEM
16. FORM 10-K SUMMARY.

 As
permitted, the registrant has elected not to include 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, thereunto duly authorized.

 ASIAFIN
 HOLDINGS CORP.

 Date:
 March 25, 2025

 By:

 /s/
 Wong Kai Cheong

 Wong
 Kai Cheong

 Chief
 Executive Officer, President, Director, Secretary, Treasurer

 Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following
persons on behalf of the registrant and in the capacities and on the dates indicated.

 Date:
 March 25, 2025

 By:

 /s/
 Wong Kai Cheong

 Wong
 Kai Cheong

 Chief
 Executive Officer

 President,
 Director, Secretary and Treasurer

 (Principal
 Executive Officer)

 Date:
 March 25, 2025

 By:

 /s/
 Cham Hui Yin

 Cham
 Hui Yin

 Finance
 Manager

 (Principal
 Financial Officer and Principal Accounting Officer)

 Date:
 March 25, 2025

 By:

 /s/
 Seah Kok Wah

 Seah
 Kok Wah

 Director

TO FINANCIAL STATEMENTS

 Page

 Financial Statements

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

 BALANCE SHEETS

 STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

 STATEMENTS OF STOCKHOLDERS' EQUITY

 STATEMENTS OF CASH FLOWS

 NOTES
 TO CONSOLIDATED FINANCIAL STATEMENTS

 – F-19

 F- 1

 REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 The Board of Directors and Stockholders of

 AsiaFIN 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, 2024 and 2023, and the related consolidated
statements of operations and comprehensive loss, consolidated statements of stockholders' equity, and consolidated statements of
cash flows for the years ended of December 31, 2024 and 2023, 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, 2024 and 2023, and the results of its operations and its cash flows for the years ended December 31, 2024 and 2023,
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.

 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.

 JP
 CENTURION & PARTNERS PLT (PCAOB: 6723)

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

 Kuala
 Lumpur, Malaysia

 March
 25, 2025

 F- 2

 Item
1. Financial statements

 ASIAFIN
HOLDINGS CORP.

BALANCE SHEETS

 AS
OF DECEMBER 31, 2024 AND 2023 (Audited)

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

 As
 of

 As
 of

 ASSETS

 Current assets

 Cash and cash
 equivalents

 $
 1,309,929

 $
 1,234,188

 Account receivables, net

 1,184,130

 1,004,690

 Prepayment, deposits and
 other receivables

 146,233

 114,133

 Amount due from related
 parties

 3,809

 -

 Tax
 assets

 280,354

 219,698

 Total current assets

 $
 2,924,455

 $
 2,572,709

 Non-current Assets

 Right-of-use assets, net

 $
 615,444

 $
 651,853

 Property, plant and equipment,
 net

 614,673

 520,216

 Deferred income tax assets

 in associates

 7,944

 8,153

 Total non-current assets

 $
 1,238,385

 $
 1,180,265

 TOTAL
 ASSETS

 $
 4,162,840

 $
 3,752,974

 LIABILITIES
 AND STOCKHOLDERS' EQUITY

 Current liabilities

 Other payables and accrued
 liabilities

 $
 1,151,256

 $
 586,595

 Account payable (including $ 19,984 and $ 19,467 of account payable to related party as of December 31, 2024 and 2023, respectively)

 39,296

 24,900

 Income tax payable

 60,483

 3,358

 Amount due to director

 146,018

 209,747

 Amount due to related parties

 -

 1,000

 Hire purchase – current
 portion

 -

 4,759

 Lease
 liability – current portion

 64,787

 60,394

 Total current liabilities

 $
 1,461,840

 $
 890,753

 Non-current liabilities

 Lease liability –
 non-current portion

 550,657

 591,459

 Deferred
 tax liabilities

 4,991

 12,013

 Total non-current liabilities

 $
 555,648

 $
 603,472

 TOTAL
 LIABILITIES

 $
 2,017,488

 $
 1,494,225

 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 81,551,838 shares issued and outstanding as of December 31, 2024 and December 31, 2023

 8,155

 8,155

 Additional paid-in capital

 Accumulated other comprehensive
 loss

 ( 271,870
)

 ( 320,441
)

 Accumulated deficit

 ( 8,039,600
)

 ( 7,896,023
)

 Non-controlling
 interest

 ( 19,020
)

 ( 629
)

 TOTAL STOCKHOLDERS'

 $
 2,145,352

 $
 2,258,749

 TOTAL
 LIABILITIES AND STOCKHOLDERS' EQUITY

 $
 4,162,840

 $
 3,752,974

 See
accompanying notes to consolidated financial statements.

 F- 3

 ASIAFIN HOLDINGS CORP.

 CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

 FOR
THE YEARS ENDED DECEMBER 31, 2024 AND 2023

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

 For

 December 31, 2024

 For

 REVENUE

 $

 $

 COST OF REVENUE (including
 $ 77,294 and $ 40,235 of cost of service revenue to related party for the years ended December 31, 2024 and 2023, respectively)

 ( 1,958,632
)

 ( 1,708,334
)

 GROSS PROFIT

 $

 $

 SHARE OF LOSS FROM OPERATION OF ASSOCIATE

 ( 9,843
)

 ( 152
)

 OTHER INCOME

 $
 7,281

 $
 13,109

 SELLING, GENERAL AND ADMINISTRATIVE
 EXPENSES (including $ 94,981 and $ 93,691 of selling, general and administrative expenses to related party for the years ended December
 31, 2024 and 2023, respectively)

 $
 ( 1,464,215
)

 $
 ( 1,298,849
)

 (LOSS)/INCOME BEFORE INCOME TAX

 $
 ( 42,977
)

 $

 INCOME TAX EXPENSES

 ( 118,991
)

 ( 96,712
)

 NET (LOSS)/INCOME

 $
 ( 161,968
)

 $
 18,577

 Net loss attributable to non-controlling
 interest

 18,391

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

 ( 143,577
)

 19,214

 Other comprehensive income:

 - Foreign currency translation
 income/(loss)

 48,571

 ( 60,389
)

 TOTAL
 COMPREHENSIVE LOSS

 $
 ( 95,006
)

 $
 ( 41,175
)

 NET (LOSS)/INCOME 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

 ASIAFIN HOLDINGS CORP.

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

 FOR
THE YEARS ENDED DECEMBER 31, 2024 AND 2023 (Audited)

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

 NUMBER OF
 SHARES

 AMOUNT

 ADDITIONAL
 PAID-IN
 CAPITAL

 DEFICIT

 COMPREHENSIVE
 LOSS

 NONCONTROLLING

 INTEREST

 TOTAL
 STOCKHOLDERS'

 COMMON
 STOCK

 NUMBER
 OF
 SHARES

 AMOUNT

 ADDITIONAL
 PAID-IN
 CAPITAL

 DEFICIT

 COMPREHENSIVE
 LOSS

 NON-

 CONTROLLING
 INTEREST

 TOTAL
 STOCKHOLDERS'

 Balance as of December 31, 2022

 73,319,800

 $
 7,332

 $
 1,413,268

 $
 ( 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

 Effect on acquisition of TellUS Report Sdn
 Bhd

 -

 -

 -

 -

 -

 Net income for the year

 -

 -

 -

 19,214

 -

 ( 637
)

 18,577

 Foreign currency translation

 -

 -

 -

 -

 ( 60,389
)

 -

 ( 60,389
)

 Balance as of December 31, 2023

 $
 8,155

 $

 $
 ( 7,896,023
)

 $
 ( 320,441
)

 $
 ( 629
)

 $
 2,258,749

 NUMBER OF
 SHARES

 AMOUNT

 ADDITIONAL
 PAID-IN
 CAPITAL

 DEFICIT

 COMPREHENSIVE
 LOSS

 NONCONTROLLING

 INTEREST

 TOTAL
 STOCKHOLDERS'

 COMMON
 STOCK

 NUMBER
 OF
 SHARES

 AMOUNT

 ADDITIONAL
 PAID-IN
 CAPITAL

 DEFICIT

 OTHER
 COMPREHENSIVE
 LOSS

 NON-

 CONTROLLING
 INTEREST

 TOTAL
 STOCKHOLDERS'

 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

 Net loss for the year

 -

 -

 -

 ( 143,577
)

 -

 ( 18,391
)

 ( 161,968
)

 Foreign currency translation

 -

 -

 -

 -

 48,571

 -

 48,571

 Balance as of December 31, 2024

 $
 8,155

 $

 $
 ( 8,039,600
)

 $
 ( 271,870
)

 $
 ( 19,020
)

 $
 2,145,352

 Balance

 $
 8,155

 $

 $
 ( 8,039,600
)

 $
 ( 271,870
)

 $
 ( 19,020
)

 $
 2,145,352

 See
accompanying notes to consolidated financial statements

 F- 5

 ASIAFIN HOLDINGS CORP.

STATEMENTS OF CASH FLOWS

 FOR
THE YEARS ENDED DECEMBER 31, 2024 AND 2023

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

 2024

 2023

 For
 the Year Ended
 31,

 2024

 2023

 (Audited)

 (Audited)

 CASH FLOWS FROM OPERATING
 ACTIVITIES:

 Net (loss)/income

 $
 ( 143,577
)

 $
 19,214

 Minority interest

 ( 18,391
)

 ( 637
)

 Impairment of investment in associate

 61,364

 -

 Share of loss from operation
 of associate

 9,843

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

 Depreciation and amortization

 119,608

 133,024

 Provision for credit
 loss allowance

 ( 84,503
)

 55,076

 Changes in operating assets and liabilities:

 Account payable

 13,463

 1,176

 Account receivable

 ( 65,454
)

 ( 412,818
)

 Prepayment, deposits
 and other receivables

 ( 22,443
)

 83,387

 Other payables and accrued
 liabilities

 213,387

 ( 64,649
)

 Deferred revenue

 325,214

 ( 71,705
)

 Tax assets

 ( 53,733
)

 298,842

 Deferred income tax
 assets

 ( 7,470
)

 3,912

 Income tax payable

 55,996

 ( 196,833
)

 Change in lease liability

 ( 60,303
)

 ( 58,595
)

 Net
 cash provided by/(used in) operating activities

 343,001

 ( 210,454
)

 CASH FLOWS FROM INVESTING
 ACTIVITIES:

 Purchase of plant and
 equipment

 ( 138,343
)

 ( 32,479
)

 Investment in associate

 ( 70,790
)

 -

 Net
 cash used in investing activities

 ( 209,133
)

 ( 32,479
)

 CASH FLOWS FROM FINANCING
 ACTIVITIES:

 Repayment to director

 ( 67,872
)

 ( 62,793
)

 Repayment of hire purchase

 ( 4,789
)

 ( 11,173
)

 Advances to related
 companies

 ( 4,740
)

 ( 612
)

 Net
 cash used in financing activities

 ( 77,401
)

 ( 74,578
)

 Effect of exchange
 rate changes in cash and cash equivalents

 19,274

 ( 28,471
)

 Net changes in cash and cash equivalents

 75,741

 ( 345,982
)

 Cash and cash equivalents,
 beginning of year

 1,234,188

 1,580,170

 CASH
 AND CASH EQUIVALENTS, END OF YEAR

 $
 1,309,929

 $
 1,234,188

 SUPPLEMENTAL CASH FLOWS
 INFORMATION

 Cash paid for income
 taxes

 $
 105,339

 $
 104,691

 Cash paid for interest

 $
 2,790

 $

 See
accompanying notes to consolidated financial statements.

 F- 6

 ASIAFIN HOLDINGS CORP.

 NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

 FOR
THE YEARS ENDED DECEMBER 31, 2024 AND 2023

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

 1.
 ORGANIZATION AND BUSINESS BACKGROUND

 AsiaFIN 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 acquired 100 % of the equity
interests of AsiaFIN Holdings Corp. (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, the Malaysia Company acquired
AsiaFIN Holdings Limited (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. entered
into an Acquisition Agreement (the "Agreement") with StarFIN Holdings Limited. ("SFHL"), a private limited company
organized under the law of British Virgin Islands, and the shareholders of SFHL. Pursuant to the Agreement, the Company purchased 10,000
shares of SFHL (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. Prior to the acquisition, Mr. Wong Kai Cheong held 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,
held 10.91 % of our issued and outstanding securities and 40.22 % of the issued and outstanding securities of SFHL, and Cham Hui Yin, our
Finance Manager, held 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,
was in the business of providing market research studies and consulting services to its client, which were primarily in the payment solution
industry.

 After the acquisition of SFHL on February 23, 2023, 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), including Environmental Social and Governance (ESG) consultancy & reporting and Robotic Process
Automation (RPA) software solution across Asia.

 The table
below sets forth details of the Company's subsidiaries and associates:

 SCHEDULE OF SUBSIDIARIES

 No.

 Subsidiary

 Company
 Name

 Domicile
 and Date of Incorporation

 Particulars
 of

 Issued
 Capital

 Principal
 Activities

 Holdings Corp.

 Labuan
 on July 15, 2019

 share of common stock

 holding company

 Holdings Limited

 Hong
 Kong on July 5, 2019

 share of common stock

 holding company

 StarFIN
 Holdings Limited

 British
 Virgin Islands on August 19, 2021

 10,000

 holding company

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

 on May 24, 2018

 11,400,102

 holding company

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

 on February 2, 2000

 100,000

 of business system integration and management services

 `

 Insite
 MY Systems Sdn Bhd

 on January 18, 2000

 500,000

 Insite
 MY Innovations Sdn Bhd

 on January 18, 2010

 540,000

 OrangeFIN
 Asia Sdn Bhd

 on January 25, 2018

 50,000

 of computer programming activities and services

 TellUS
 Report Sdn Bhd

 on September 22, 2023

 No.

 Associate
 Company Name

 Domicile
 and Date of Incorporation

 Particulars
 of Issued Capital

 Principal
 Activities

 Murni
 StarFIN Sdn Bhd

 on September 9, 2022

 100,000

 KSP
 AsiaFIN Co., Ltd. (FKA KSP StarFIN Co., Ltd.)

 Thailand
 on August 11, 2023

 50,000

 Mr.
Wong Kai Cheong is the common director of all of aforementioned companies except KSP AsiaFIN Co., Ltd.

 Ms. Cham Hui Yin is the director of KSP AsiaFIN Co., Ltd.

 F- 7

 2.
 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 Basis
of Presentation

 These
accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States
of America ("US GAAP").

 The
accompanying financial statements include the accounts of the Company and its subsidiaries and associates. Intercompany transactions
and balances were eliminated in consolidation. The Company has adopted December 31 as its fiscal year end.

 The
accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries and majority-owned
subsidiaries which the Company controls and entities for which the Company is the primary beneficiary. For those consolidated subsidiaries
where the 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 $ 55,923, if any of our bank fail.

 F- 8

 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

 to 5 years

 Furniture
 and Fittings

 years

 Electrical
 Fittings

 years

 Handphone

 years

 Office
 Equipment

 years

 Motor
 Vehicle

 years

 Property

 years

 Credit
losses

 The
Company estimates and records a provision for its expected credit losses related to its financial instruments, including its trade receivables.
Management considers historical collection rates, the current financial status of the Company's customers, macroeconomic factors,
and other industry-specific factors when evaluating current expected credit losses. Forward-looking information is also considered in
the evaluation of current expected credit losses. However, because of the short time to the expected receipt of accounts receivable,
management believes that the carrying value, net of expected losses, approximates fair value and therefore, relies more on historical
and current analysis of such financial instruments, including its trade receivables.

 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.

in associate

 In
accordance with ASC Topic 321, "Investments – Equity Securities", the Company measures the investment in associate
without a readily determinable fair value at its cost minus impairment, if any. The Company reassess at each reporting period whether
the equity investment without a readily determinable fair value qualifies to be measured at fair value. The measurement of those securities
at fair value shall be irrevocable. Any resulting gains or losses on the investment in associate for which that measurement is made shall
be recorded in earnings at that time. At each reporting period, the Company makes a qualitative assessment on the investment in associate
considering impairment indicators to evaluate whether the investment is impaired. If an equity security without a readily determinable
fair value is impaired, the Company shall include an impairment loss in net income equal to the difference between the fair value of
the investment and its carrying amount.

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.

 The
Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). Under Topic 606, the Company records revenue when persuasive
evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable and collectability is probable. The Company
records revenue from the delivery of the finalized information technology services such as business system integration and management
services, computer programming activities and services to the customers.

 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.

 F- 9

 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. The Company also adopted ASU 2023-09, "Income Taxes (Topic 740): Improvements to
Income Tax Disclosures", which requires disaggregated information about the reporting entity's effective tax rate reconciliation
as well as information on income taxes paid.

 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.

 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$" or "US dollars") and the accompanying financial statements have
been expressed in US dollars. In addition, the Company's subsidiary maintains its books and record in Malaysia Ringgit
("MYR"), United States Dollars ("US$"), Hong Kong Dollars ("HK$") and Thailand Baht
("THB"), 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 dollars are translated into
US dollars, 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:

OF FOREIGN EXCHANGE RATE

 For
 the years ended

 2024

 2023

 Period-end MYR: US$1 exchange
 rate

 4.47

 4.59

 Period-average MYR: US$1 exchange rate

 4.56

 4.57

 Period-end HK$: US$1 exchange rate

 7.75

 7.75

 Period-average HK$: US$1 exchange rate

 7.75

 7.75

 Period-end THB: US$1 exchange rate

 34.34

 -

 Period-average THB: US$1 exchange rate

 35.23

 -

 F- 10

 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, 2024, and 2023, 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.

 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.

 F- 11

 Segment
Reporting

 The
Company follows the guidance of ASC 280, "Segment Reporting", which 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. For the year ended December 31, 2024, the Company has three reportable segments based on business unit, Fintech, RPA and Regtech businesses and two reportable segments based on country, Malaysia and Non-Malaysia. The Company also adopted ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures",
which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant
segment expenses.

 Recently
Issued Accounting Standards and Adopted

 In
November 2023, the FASB issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures",
which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant
segment expenses. The ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023, and interim periods in
fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company already adopted this ASU on its consolidated
financial statements and related disclosures.

 In
December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures", which requires
disaggregated information about the reporting entity's effective tax rate reconciliation as well as information on income taxes
paid. The ASU 2023-09 is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company already
adopted this ASU on its consolidated financial statements and related disclosures.

 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:

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
)

 Total goodwill

 -

 4.
 ACCOUNT RECEIVABLES, NET

OF ACCOUNT RECEIVABLES

 As
 of

 As
 of

 Account receivables, gross

 $
 1,154,703

 $
 1,059,766

 Allowance for expected credit loss

 ( 55,076
)

 ( 55,076
)

 Reversal of
 expected credit loss

 84,503

 -

 Account receivables,
 net

 $
 1,184,130

 $
 1,004,690

 F- 12

 5.
 PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES

OF PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES

 As
 of

 As
 of

 Prepaid expenses

 $
 37,488

 $
 34,717

 Other receivables

 34,821

 33,578

 Other deposits

 36,298

 30,952

 Purchase in advance

 37,626

 14,886

 Total

 $
 146,233

 $
 114,133

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

 Other
receivables include receivables from service tax and management of car park for director and employees.

 Other
deposits primarily include deposit of the tenancy agreement and deposit made for security deposit for renovation and car park deposit.

 Purchase in advance consist of monies paid to supplier but have yet to receive the products or services from the
suppliers.

 6.
 PROPERTY, PLANT AND EQUIPMENT, NET

OF PROPERTY, PLANT AND EQUIPMENT

 As
 of

 As
 of

 Computer systems

 $
 306,930

 $
 259,798

 Furniture and fittings

 82,657

 79,933

 Electrical fittings

 10,069

 9,808

 Handphone

 63,797

 51,000

 Office equipment

 98,913

 93,578

 Renovation

 171,322

 83,097

 Motor vehicle

 374,419

 364,726

 Property

 413,833

 403,120

 Total property, plant and equipment

 $
 1,521,940

 $
 1,345,060

 Less: Accumulated depreciation

 ( 907,267
)

 ( 824,844
)

 Total property, plant
 and equipment, net

 $
 614,673

 $
 520,216

OF INVESTMENT IN PROPERTY AND PLANT

 For

 For
 the year
 ended

 Investment in computer systems

 $
 39,432

 $
 17,874

 Investment in furniture and fittings

 Investment in electrical fittings

 -

 Investment in handphone

 11,216

 3,393

 Investment in office equipment

 2,792

 6,497

 Investment in renovation

 84,316

 4,066

 Total investment in
 property and plant

 $
 138,343

 $
 32,479

 Depreciation for the period

 59,305

 $
 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 OTHER PAYABLES AND ACCRUED LIABILITIES

 As
 of

 As
 of

 Accrued expenses

 $
 254,474

 $
 351,036

 Other payable

 381,879

 57,503

 Receipt in advance

 514,903

 178,056

 Total

 $
 1,151,256

 $
 586,595

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

 Other
payable includes primarily payable to third parties and service tax payable.

 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, 2024, the Company had an outstanding amount due to director amounted $ 146,018, 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 FROM/TO RELATED PARTIES

 As
of December 31, 2024, the Company has an outstanding amount due from a number of related companies with common director and shareholder
in aggregate amounted $ 3,809 pertaining to miscellaneous expenses made by these related parties on behalf of the Company.

 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, 2024, the Company repaid $ 4,789
 in hire purchase loan with no
 outstanding amount as of December 31, 2024.

 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

 Balance as of December 31, 2023

 $
 651,853

 New right-of-use assets recognized

 113,560

 Amortization for the year ended December

 ( 60,303
)

 Adjustment for non-exercising option

 ( 105,772
)

 Adjustment for foreign
 currency translation difference

 16,106

 Balance as of December 31, 2024

 $
 615,444

 Lease Liability

 Balance as of December 31, 2023

 $
 651,853

 New lease liability recognized

 113,560

 Imputed interest for the year ended December

 34,678

 Gross repayment for the year ended December

 ( 94,981
)

 Adjustment for non-exercising option

 ( 105,772
)

 Adjustment for foreign
 currency translation difference

 $
 16,106

 Balance as of December

 $
 615,444

 Lease liability current portion

 64,787

 Lease liability non-current
 portion

 $
 550,657

 Other
information:

 SCHEDULE OF OTHER INFORMATION

 For

 For

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

 Operating cash flow to operating
 lease

 $
 94,981

 $
 93,691

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

 -

 -

 Remaining lease term for operating lease
 (years)

 7.80

 8.71

 Weighted average
 discount rate for operating lease

 5.58
 %

 5.40
 %

 12.
 RELATED PARTY TRANSACTIONS

 For
the year ended December 31, 2024 and 2023, the Company has following transactions with related parties:

 SCHEDULE OF RELATED PARTIES TRANSACTIONS

 For

 December 31, 2024

 For

 Purchases

 - Insite MY International, Inc.

 $
 77,294

 $
 40,235

 Purchases - Insite MY International, Inc.

 $
 77,294

 $
 40,235

 Leasing

 - Office space leasing

 94,981

 93,691

 Leasing - Office space leasing

 94,981

 93,691

 Total

 $
 172,275

 $
 133,926

 Our
Chief Executive Officer, Mr. Wong Kai Cheong is a majority shareholder of Insite MY International, Inc.

 For the years ended December 31, 2024 and 2023, the Company has paid $ 42,288 and $ 42,224 respectively to our Chief
Executive Officer, Mr. Wong Kai Cheong, pertaining to leasing of office space.

 For
the years ended December 31, 2024 and 2023, the Company has paid $ 52,693
and $ 51,467
respectively to Ms. Tan Siew Meng, the spouse of our Chief Executive Officer, Mr. Wong Kai Cheong, pertaining to leasing of office
spaces.

 F- 15

 13.
 CONCENTRATION OF RISK

 (a)

 Major
 Customers

 For
the year ended December 31, 2024, the Company generated total revenue of $ 3,382,432, of which no customer accounted for more than 10%
of the Company's total revenue. 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.

 (b)

 Major
 Suppliers

 For
the year ended December 31, 2024, the Company incurred cost of revenue of $ 1,958,632, of which no supplier accounted for more than 10%
of the Company's cost of revenue. For the year ended December 31, 2023, the Company incurred cost of revenue of $ 1,708,334, of which
no supplier accounted for more than 10% of the Company's cost of revenue.

 14.
 INCOME TAXES

 The
loss before income taxes of the Company for the years ended December 31, 2024 and 2023 were comprised of the following:

OF LOSS BEFORE INCOME TAXES

 2024

 2023

 For
 the years ended December 31

 2024

 2023

 Tax jurisdictions from:

 $
 ( 208,993
)

 $
 ( 222,011
)

 - Foreign, representing:

 Hong Kong

 ( 49,665
)

 ( 45,768
)

 British Virgin Islands

 ( 2,550
)

 ( 2,550
)

 Labuan, Malaysia

 ( 81,873
)

 ( 30,131
)

 300,104

 415,749

 Income before income
 taxes

 $
 ( 42,977
)

 $

for income taxes consisted of the following:

 SCHEDULE OF PROVISION FOR INCOME TAXES

 For
 the years ended December 31

 2024

 2023

 Current:

 $
 -

 $
 -

 $
 ( 118,991
)

 $
 ( 96,712
)

 Deferred tax assets:

 $
 -

 $
 -

 $

 $

 Deferred tax liabilities:

 $
 -

 $
 -

 $
 4,991

 $
 12,013

 Income tax payable:

 $
 -

 $
 -

 $
 60,483

 $
 3,358

 Income tax assets:

 $
 -

 $
 -

 $
 280,354

 $
 219,698

 F- 16

 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: the United
States of America, Hong Kong, the British Virgin Islands and Malaysia that are subject to taxes in the jurisdictions in which they operate,
as follows:

 United
States of America

 The
Company is incorporated in the State of Nevada and is subject to the tax laws of the United States of America. As of December 31,
2024, the operations in the United States of America incurred $ 933,440
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 2044, if unutilized. The Company has provided for a full valuation allowance of
approximately $ 196,022
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.

 British Virgin Islands

 The British Virgin Islands currently levies no taxes on individuals or corporations based upon profits, income, gains
or appreciation and there is no taxation in the nature of inheritance tax or estate duty. There are no other taxes likely to be material
to us levied by the government of the British Virgin Islands except for stamp duties which may be applicable on instruments executed in,
or, after execution, brought within the jurisdiction of the British Virgin Islands. The British Virgin Islands is not party to any double
tax treaties that are applicable to any payments made to or by our company. There are no exchange control regulations or currency restrictions
in the British Virgin Islands. Payments
of dividends and capital in respect of our o rdinary
 s hares will not be subject to taxation in the British Virgin Islands and no withholding
will be required on the payment of a dividend or capital to any holder of our o rdinary s hares,
nor will gains derived from the disposal of our o rdinary s hares
be subject to British Virgin Islands income or corporation tax. No stamp duty is payable in respect of the issue of the shares or on an
instrument of transfer in respect of a share.

 Hong
Kong

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, Malaysia

 Labuan
was established an international offshore financial center in 1990 with its own specific laws and regulations to attract foreign
investment and promoting financial services. Under the current laws of Labuan, AsiaFIN Holdings Corp. is governed under the Labuan
Business Activity Tax Act 1990. Labuan offers a low fixed tax rate of 3% for a Labuan incorporated company carrying a Labuan trading
activity while the profit of a Labuan incorporated company carrying a Labuan non-trading activity for the tax assessment year shall
not be charged to tax under Labuan Business Activity Tax Act 1990, effectively subjecting to a 0% tax rate. Labuan trading activity
includes banking, insurance, trading, management, licensing, shipping operations or any other activity which is not a Labuan
non-trading activity while Labuan non-trading activity is defined as an activity relating to the holding of investments in
securities, stock, shares, loans, deposits or any other properties situated in Labuan by a Labuan incorporated company. For a Labuan
incorporated company which fails to meet the substantial activity requirements issued in a circular on April 29, 2020, the tax
charge for such company is based on 24 %
of net audited profit. As the Company's subsidiary, AsiaFIN Holdings Corp., which was
incorporated under the Labuan acts as an investment holding company, is carrying a Labuan non-trading activity, the Company is not subject
to tax under Labuan Business Activity Tax Act 1990.

 All
Malaysian companies are subject to the Malaysian corporate tax laws at a two-tier corporate income tax rate based on amount of paid-up
capital. The 2024 tax rate for company with paid-up capital of MYR 2,500,000 (approximately $559,234) or less and that are not part of
a group containing a company exceeding this capitalization threshold is 15% on first chargeable income of MYR 150,000 (approximately
$33,554), 17% on remaining chargeable income up to MYR 600,000 (approximately $134,216) and any chargeable income beyond MYR 600,000
(approximately $134,216) will be subject to the corporate tax rate of 24%.

 As
of December 31, 2024, the operations in Malaysia incurred $ 6,828,424 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 $ 1,160,832 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

 No
dividends were declared for the year ended December 31, 2024.

 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 dollars at the end of the financial year. The exchange rate could fluctuate depending on
changes in political and economic environments without notice.

 F- 17

 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 three reportable segments based on business unit, Fintech, RPA and Regtech businesses and two reportable segments based on country, Malaysia and Non-Malaysia.

 The
Company adopted the ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures", which expands
annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment
expenses.

 In
accordance with the "Segment Reporting" Topic of the ASC, the 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, 2024

 By
 Business Unit

 Fintech

 Regtech

 RPA

 Total

 $
 1,257,270

 $
 1,801,730

 $
 323,432

 $

 Cost of revenue

 ( 680,714
)

 ( 844,455
)

 ( 433,463
)

 ( 1,958,632
)

 Gross profit

 $
 576,556

 $
 957,275

 $
 ( 110,031
)

 $

 Share of loss from operation of associate

 -

 ( 4,032
)

 ( 5,811
)

 ( 9,843
)

 Selling, general and administrative
 expenses and other income

 ( 475,263
)

 ( 631,910
)

 ( 349,761
)

 ( 1,456,934
)

 Loss from operations

 101,293

 321,333

 ( 465,603
)

 ( 42,977
)

 Total assets

 $
 1,357,920

 $
 1,805,491

 $
 999,429

 $
 4,162,840

 Capital expenditure

 $
 45,127

 $
 60,002

 $
 33,214

 $
 138,343

 For
 the Year Ended and
 As
 of December 31, 2024

 By
 Country

 Non-Malaysia

 Total

 $

 $
 -

 $

 Cost of revenue

 ( 1,958,632
)

 -

 ( 1,958,632
)

 Gross profit

 $

 $
 -

 $

 Share of loss from operation of associate

 ( 9,843
)

 -

 ( 9,843
)

 Selling, general and administrative
 expenses and other income

 ( 1,229,726
)

 ( 227,208
)

 ( 1,456,934
)

 Profit/(Loss) from operations

 184,231

 ( 227,208
)

 ( 42,977
)

 Total assets

 $
 4,127,080

 $
 35,760

 $
 4,162,840

 Capital expenditure

 $
 138,343

 $
 -

 $
 138,343

 F- 18

 For
 the Year Ended and As of December 31, 2023

 By
 Business Unit

 Fintech

 Regtech

 RPA

 Total

 $
 1,444,946

 $
 1,356,969

 $
 307,600

 $

 Cost of revenue

 ( 796,421
)

 ( 646,251
)

 ( 265,662
)

 ( 1,708,334
)

 Gross profit

 $
 648,525

 $
 710,718

 $
 41,938

 $

 Share of loss from operation of associate

 -

 -

 ( 152
)

 ( 152
)

 Selling, general and administrative
 expenses and other income

 ( 611,142
)

 ( 414,730
)

 ( 259,868
)

 ( 1,285,740
)

 Profit from operations

 37,383

 295,988

 ( 218,082
)

 Total assets

 $
 1,783,875

 $
 1,210,566

 $
 758,533

 $
 3,752,974

 Capital expenditure

 $
 15,438

 $
 10,476

 $
 6,565

 $
 32,479

 For
 the Year Ended and

 As
 of December 31, 2023

 By
 Country

 Non-Malaysia

 Total

 $

 $

 -

 $

 Cost
 of revenue

 ( 1,708,334

)

 -

 ( 1,708,334

)

 Gross
 profit

 $

 $

 -

 $

 Share
 of loss from operation of associate

 ( 152

)

 -

 ( 152

)

 Selling,
 general and administrative expenses and other income

 ( 1,039,411

)

 ( 246,329

)

 ( 1,285,740

)

 Profit/(Loss)
 from operations

 361,618

 ( 246,329

)

 Total
 assets

 $

 3,717,927

 $

 35,047

 $

 3,752,974

 Capital
 expenditure

 $

 32,479

 $

 -

 $

 32,479

 18.
 COMPARATIVE FIGURES

 The
Company has adjusted the comparative figures of cost of revenue and selling, general and administrative expenses in Consolidated Statements
of Operations and Comprehensive Loss for the year ended December 31, 2023 from $ 105,547 to $ 1,708,334 and from $ 2,901,636 to $ 1,298,849
respectively, due to the reclassification of certain items from selling, general and administrative expenses to cost of revenue to conform
with current year presentation. The restatements do not have any impact to the accumulated deficit as at December 31, 2023 and net income
for the year then ended.

 19.
 SUBSEQUENT EVENTS

 In
accordance with ASC Topic 855, "Subsequent Events", which establishes general standards of accounting for and disclosure
of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or
transactions that occurred after December 31, 2024 up through the date the Company presented these audited financial statements.

 Effective
on January 20, 2025, AsiaFIN Holdings Corp., a Nevada corporation, and certain individual investors (the "Subscribers") entered
into subscription agreements (each, a "Subscription Agreement") pursuant to which the Company agreed to sell an aggregate
of 364,000 shares of the Company's common stock, with par value of $ 0.0001 per share to the Subscribers for an aggregate purchase
price of $ 327,600, or $ 0.90 per share of the common stock.

 F- 19