UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For the fiscal year ended December 31, 2024

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

 For the transition period from _____________ to _____________

 Commission file number 333-199193

 Cloudweb, Inc.

 (Exact name of registrant as specified in its charter)

 Florida

 47-0978297

 (State or other jurisdiction
 of incorporation or organization)

 (I.R.S. Employer
 Identification No.)

 800 W El Camino Real Suite 180
 Mountain View, CA

 94040

 (Address of principal executive offices)

 (Zip Code)

 Registrant's telephone number, including area code: 773 - 236-8132

 Securities registered pursuant to Section 12(b) of the Act:

 Title of each class

 Trading Symbol(s)

 Name of each exchange on which registered

 None

 None

 None

 Securities registered pursuant to Section 12(g) of the Act:

 N/A
 (Title of class)

 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 the Securities Act. Yes No

 Indicate 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

 Indicate 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 last 90 days. Yes No

 Indicate 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

 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.

 Indicate 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).

 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth 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.

 Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No

 The aggregate market value of Common Stock held by non-affiliates of the Registrant on June 30, 2024, was $ 55,414 based on a $0.0022 average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.

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

 27,819,385 shares of common stock as of February 17, 2025.

 ITEM 1.

 BUSINESS

 ITEM 1A.

 RISK FACTORS

 ITEM 1B.

 UNRESOLVED STAFF COMMENTS

 ITEM 2.

 PROPERTIES

 ITEM 3.

 LEGAL PROCEEDINGS

 ITEM 4.

 MINE SAFETY DISCLOSURES

 ITEM 5.

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

 ITEM 6.

 SELECTED FINANCIAL DATA

 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 10.

 DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 ITEM 11.

 EXECUTIVE COMPENSATION

 ITEM 12.

 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 ITEM 13.

 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

 ITEM 14.

 PRINCIPAL ACCOUNTING FEES AND SERVICES

 ITEM 15.

 EXHIBITS, FINANCIAL STATEMENT SCHEDULES

 ITEM 16.

 FORM 10-K SUMMARY

 SIGNATURES

 FORWARD-LOOKING STATEMENTS

 This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors" that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

 Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

 Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

 In this annual report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to "common shares" refer to the common shares in our capital stock.

 As used in this annual report and unless otherwise indicated, the terms "we", "us", "our" and "the Company" mean Cloudweb, Inc., unless otherwise indicated.

 ITEM 1. BUSINESS

 Our Company

 Cloudweb, Inc. is a Florida corporation incorporated on May 25, 2014 as Formigli, Inc. In December 2015, the Company changed its name to Data Backup, Inc., and on November 4, 2016, the Company changed its name to Data Backup Solutions Inc. On October 1, 2017, the Company changed its name to Cloudweb, Inc.

 Our headquarters are located at 800 W El Camino Real Suite 180 Mountain View, Florida, CA 94040. We do not have a corporate website.

 Corporate History

 Our Company was incorporated on May 25, 2014 under the name "Formigli, Inc." Our Company was originally formed with the intent to engage in the worldwide distribution of custom handmade Italian road bikes, made by Renzo Formigli.

 On December 3, 2015, Amy Chaffe, our former President, Chief Executive Officer, Chief Financial Officer and founder, decided to conduct a corporate restructuring. Our Company filed Articles of Amendment to our Articles of Incorporation with the Florida Department of State whereby we amended our Articles of Incorporation by (i) changing our name to "Cloudweb, Inc.", (ii) increasing our authorized number of shares of common stock from 100 million to 500 million, and (iii) increasing our total issued and outstanding shares of common stock by conducting a forward split of such shares at the rate of 100 shares for every one (1) share currently issued and outstanding and made submission to FINRA with respect to the corporate action and requested a change of ticker symbol to "CLOU". Our Company's common stock is quoted on the Pink Sheets of the OTC Markets, under the symbol "CLOW", and first traded on the OTC Markets in November 2015.

 On January 28, 2016, our Company concluded a Share Exchange Agreement entered into with Zhi De Liao ("Mr. Liao"), whereby our Company issued 2,500,000 shares of common stock to Mr. Liao in exchange for 100% of the issued and outstanding equity interests of Data Cloud Inc. a Nevada corporation ("Data Cloud"). Data Cloud owned 100% of the issued and outstanding equity interests of Web Hosting Solutions Ltd., a United Kingdom Company ("WHS"), which it purchased from James Holland for US$72,000 (GBP 47,000) on November 25, 2015.

 At the time WHS had been providing web hosting solutions for approximately ten (10) years and became a UK private limited Company in 2012. In connection with the Share Exchange Agreement, our Company elected to enter into the web hosting industry and discontinue our former business operations.

 As a result of the Share Exchange Agreement, Mr. Liao became our Company's executive officer and sole member of the Board of Directors. Concurrently, Mr. Liao, through his controlled entity, Letterston Investments Ltd., acquired 250,000,000 shares of common stock from our former officer and director Ms. Amy Chaffe. As a result, on the transaction date, Mr. Liao effectively controlled approximately 81% of our Company's issued and outstanding shares of common stock.

 On November 4, 2016, our Company filed Articles of Amendment to our Articles of Incorporation with the Florida Department of State whereby we amended our Articles of Incorporation by changing our name to "Data Backup Solutions, Inc." On November 10, 2016, our Company filed Articles of Amendment to our Articles of Incorporation with the Florida Department of State whereby we amended our Articles of Incorporation by decreasing our total issued and outstanding shares of common stock by conducting a reverse split of such shares at the rate of 1 share for each one hundred shares (100) shares then currently issued and outstanding. The submission of the change of name to Data Backup Solutions, Inc. and the reverse stock split was not completed and the submission was closed.

 On December 1, 2016, our Company entered into an Employment Agreement with James Holland, who at that time, was acting as our Chief Operating Officer and Chief Technology Officer.

 On April 1, 2017, we, entered into a Purchase Agreement with Yui Daing, an individual residing in Kuala Lumpur, Malaysia (the "Purchaser"), Data Cloud Inc., a Nevada corporation, and Web Hosting Solutions Ltd., a United Kingdom private Company limited by shares ("WHS"). The transactions under the Purchase Agreement were completed on April 1, 2017 (the "Closing"). Prior to the Closing, Data Backup owned 100% of the issued and outstanding equity interests of Data Cloud which owns 100% of the issued and outstanding equity interests of WHS,. Due to the continued consolidated losses experienced by our Company as the result of the losses of our Company's indirect wholly-owned subsidiary, WHS, which included $50,083 USD for the fiscal year ended December 31, 2016 and $21,818 USD for the first three (3) months ended March 31, 2017, our Company entered into the Purchase Agreement and transferred 100% of the issued and outstanding equity interests of Data Cloud to a third party for nominal consideration in return. In connection with the Closing, the employment agreement with James Holland was terminated and Mr. Holland was removed from the positions of Chief Operating Officer and Chief Technology Officer.

 The Purchase Agreement was approved by the shareholders of our Company owning a majority of the voting stock of our Company on April 1, 2017. The Closing of the Purchase Agreement occurred on April 1, 2017. On April 1, 2017, as a result of the transactions under the Purchase Agreement, our Company discontinued the web hosting business

 On October 1, 2017, a majority of stockholders of our Company and the board of directors approved a change of name of our Company from Data Backup Solutions, Inc. to the previous name, Cloudweb, Inc. Articles of Amendment to the Articles of Incorporation to change the name were filed with the Florida Secretary of State on October 18, 2017.

 On October 27, 2017, a majority of stockholders of our Company and board of directors approved a reverse stock split of our issued and outstanding shares of common stock on a basis of up to four hundred (400) old shares for one (1) new share of common stock. On November 30, 2017, FINRA approved the reverse stock split. The outstanding shares were restated retroactively.

 On November 27, 2019, a majority of stockholders of our Company and our board of directors approved a reverse stock split of our issued and outstanding shares of common stock on a basis of up to one hundred and fifty (150) old shares for one (1) new share of common stock. Articles of Amendment to our Articles of Incorporation were filed on December 9, 2019 with the Florida Secretary of State in connection with the reverse split, with an effective date of December 18, 2019. The reverse split will become effective with the OTC Markets at the opening of trading on December 19, 2019.

 Other than as set out herein, we have not been involved in any bankruptcy, receivership or similar proceedings, nor have we been a party to any material reclassification, merger, consolidation or purchase or sale of a significant amount of assets not in the ordinary course of our business.

 Our Current Business

 We are currently exploring different options of further developing and marketing our web hosting and data storage services Hostwizer.com, W8hosting.com, and JeyCloud.com. This includes plans to make hosting available for free while being supported by advertiser content. The Company will also look into white labeling its services to allow other brands to use our platforms for their own needs.

 Employees

 We have no employees and our officers and directors furnish their time to the development of our Company at no cost.

 ITEM 1A. RISK FACTORS

 As a "smaller reporting company", we are not required to provide the information required by this Item.

 ITEM 1B. UNRESOLVED STAFF COMMENTS

 As a "smaller reporting company", we are not required to provide the information required by this Item.

 ITEM 2. PROPERTIES

 Our principal executive office is located at 800W El Camino Real Suite 180 Mountain View, CA. We believe that our facilities are generally adequate for our current needs, and that suitable additional office space will be available as needed in the foreseeable future.

 ITEM 3. LEGAL PROCEEDINGS

 From time to time, we may become involved in litigation relating to claims arising out of our operations in the normal course of business. We are not involved in any pending legal proceeding or litigation and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which we are a party and which would reasonably be likely to have a material adverse effect on our Company. To date, our Company has never been involved in litigation, as either a party or a witness, nor has our Company been involved in any legal proceedings commenced by any regulatory agency against our Company.

 ITEM 4. MINE SAFETY DISCLOSURES

 Not Applicable.

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

 Market Information

 There is a limited public market for our common shares. Our common shares are listed for quotation on the Pink sheets of the OTC Markets under the trading symbol "CLOW". Trading in stocks quoted on the Pink Sheets is often thin and is characterized by wide fluctuations in trading prices due to many factors that may be unrelated to a company's operations or business prospects.

 Pink Sheet securities are not listed or traded on the floor of an organized national or regional stock exchange. Instead, OTC Pink Sheet securities transactions are conducted through a telephone and computer network connecting dealers in stocks. Pink Sheet issuers are traditionally smaller companies that do not meet the financial and other listing requirements of a regional or national stock exchange.

 Holders

 As of February 17, 2025, we had 34 shareholders of record of our common stock with 27,819,385 shares of common stock outstanding.

 Dividends

 We have not paid any cash dividends to our shareholders. The declaration of any future cash dividends is at the discretion of our board of directors and depends upon our earnings, if any, our capital requirements and financial position, our general economic conditions, and other pertinent conditions. It is our present intention not to pay any cash dividends in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.

 Equity Compensation Plan Information

 We do not have any equity compensation plans.

 Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities

 None

 Purchase of Equity Securities by the Issuer and Affiliated Purchasers

 We did not purchase any of our shares of common stock or other securities during our fourth quarter of our fiscal year ended December 31, 2024.

 ITEM 6. SELECTED FINANCIAL DATA

 As a "smaller reporting company", we are not required to provide the information required by this Item.

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

 The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this Annual Report. Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

 Results of Operations

 The following summary of our operations should be read in conjunction with our audited financial statements for the years ended December 31, 2024 and 2022, which are included herein.

 Years Ended

 2024

 2023

 Changes

 %

 Operating expenses

 $
 35,350

 $
 41,150

 (5,800
)

 (14
)%

 Other expenses

 37,610

 36,268

 1,342

 %

 Net Loss

 $
 72,960

 $
 77,418

 $
 (4,458
)

 (6
)%

 We recognized no revenues for the years ended December 31, 2024 and 2023.

 Net loss decreased to $72,960 for the year ended December 31, 2024 from $77,418 for the year ended December 31, 2023 due to the decrease in professional fees.

 Liquidity and Capital Resources

 Working Capital

 As of

 As of

 2024

 2023

 Changes

 %

 Current Assets

 $
 -

 $
 -

 $
 -

 -

 Current Liabilities

 $
 643,494

 $
 570,534

 $
 72,960

 %

 Working Capital Deficiency

 $
 (643,494
)

 $
 (570,534
)

 $
 (72,960
)

 %

 Cash Flows

 Years Ended

 2024

 2023

 Changes

 %

 Cash flows used in operating activities

 $
 (33,250
)

 $
 (43,049
)

 $
 9,799

 (23
)%

 Cash flows provided by financing activities

 33,250

 43,049

 (9,799
)

 (23
)%

 Net changes in cash

 $
 -

 $
 -

 $
 -

 -

 As at December 31, 2024, our Company had a working capital deficiency of $643,494 compared with a working capital deficiency of $570,534 as at December 31, 2023. The increase in working capital deficit was primarily due to an increase in due to related party and accrued interest on convertible and promissory notes.

 Cash Flow from Operating Activities

 We have not generated positive cash flow from operating activities. During the year ended December 31, 2024, net cash used in operating activities was $33,250 compared to $43,049 used during the year ended December 31, 2023. Operating activities mainly consists of professional fees (audit fees, accounting fees, filing fees and transfer agent cost).

 Cash flows used in operating activities during the year ended December 31, 2024, comprised of a net loss of $72,960, which was reduced by accounts payable written off of $1,242 and net changes in operating liabilities of $38,468.

 Cash flows used in operating activities during the year ended December 31, 2023, comprised of a net loss of $77,418, which was reduced by net changes in operating liabilities of $34,369.

 Cash Flow from Investing Activities

 During the years ended December 31, 2024 and 2023, our Company did not have any investing activities.

 Cash Flow from Financing Activities

 During the years ended December 31, 2024 and 2023, our Company received $33,250 and $43,049 for advancement from related party, respectively.

 Going Concern

 As of the year ended December 31, 2024, we had an accumulated deficit of $233,460,907. We believe that its existing capital resources may not be adequate to enable it to execute its business plan. These conditions raise substantial doubt as to our Company's ability to continue as a going concern. Our Company is currently seeking new business opportunities with established business entities for merger with or acquisition of a target business. The accompanying financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern. If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify, delay, or abandon some or all of our business plans.

 Contractual Obligations

 As a "smaller reporting company", we are not required to provide tabular disclosure obligations.

 Off-Balance Sheet Arrangements

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

 Critical Accounting Policies

 The preparation of financial statements in accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. A change in managements' estimates or assumptions could have a material impact on our financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. Our financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented.

 Fair Value of Financial Instruments

 ASC 820 " Fair Value Measurements and Disclosures " establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

 These tiers include:

 Level 1: defined as observable inputs such as quoted prices in active markets;
 Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
 Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

 The carrying value of cash, prepayments and the Company's loan from shareholder approximates its fair value due to their short-term maturity.

 Recent Accounting Pronouncements

 Management has considered all recent accounting pronouncements issued. Our Company's management believes that these recent pronouncements will not have a material effect on our financial statements.

 ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 Not Applicable.

 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

 AUDITED FINANCIAL STATEMENTS

 DECEMBER 31, 2024 AND 2023

 Page

 Report of Independent Registered Public Accounting Firm

 Balance Sheets

 Statements of Operations and Comprehensive Loss

 Statements of Changes in Stockholders' Equity

 Statements of Cash Flows

 Notes to the Financial Statements

 Report of the Independent Registered Public Accounting Firm
 To the shareholders and the board of directors of
 Cloudweb, Inc.
 Opinion on the Financial Statements
 We have audited the accompanying balance sheets of Cloudweb, Inc. as of December 31, 2024 and 2023, and the related statements of operations, changes in stockholders' deficit, and cash flows for each of the two years in the period ended 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 each of the two years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

 Going Concern
 The accompanying financial statements have been prepared assuming the Company will continue as a going concern as disclosed in Note 3 to the financial statement, the Company incurred a net loss of $(72,960) and an accumulated deficit of $(233,460,907). These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 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 audit. 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 audit 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 audit 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 audit 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 audit provides a reasonable basis for our opinion.

 Critical Audit Matters
 Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. Communication of critical audit matters does not alter in any way our opinion on the financial statements taken as a whole and we are not, by communicating the critical audit matters, providing separate opinions on the critical audit matter or on the accounts or disclosures to which they relate.

 Going Concern Uncertainty – See also Going Concern Uncertainty explanatory paragraph above

 As described in Note 3 to the financial statements, the Company has significant operating losses, accumulated deficit, and a working capital deficiency.

 The Company is dependent on obtaining additional working capital funding from related party and unaffiliated parties to execute its plans and continue operations These conditions raise substantial doubt about the Company's ability to continue as a going concern.

 We determined the Company's ability to continue as a going concern is a critical audit matter due to the estimation and uncertainty regarding the Company's available capital and the risk of bias in management's judgments and assumptions in their determination.

 The procedures performed to address the matter included.

 We inquired of executive officers, and key members of management, of the Company regarding factors that would have an impact on the Company's ability to continue as a going concern,

 We evaluated management's plan for addressing the adverse effects of the conditions identified, including assessing the reasonableness of forecasted information and underlying assumptions by comparing to actual results of prior periods and actual results achieved to date, and utilizing our knowledge of the entity, its business and management in considering liquidity needs and the Company's ability to generate sufficient cash flow,

 We assessed the possibility of raising additional debt or credit,

 We evaluated the completeness and accuracy of disclosures in the consolidated financial statements.

 /S/ Boladale Lawal
 Boladale Lawal & CO (PCAOB ID 6993)

 We have served as the Company's auditor since 2024
 Lagos, Nigeria
 February 26, 2025

 BALANCE SHEETS

 December 31, 2024

 December 31, 2023

 ASSETS

 Total Current Assets

 $
 -

 $
 -

 TOTAL ASSETS

 $
 -

 $
 -

 LIABILITIES AND STOCKHOLDERS' DEFICIT

 Current Liabilities

 Accounts payable and accrued liabilities

 $
 61,099

 $
 57,757

 Accrued interest

 253,694

 217,326

 Promissory notes payable

 2,160

 2,160

 Convertible notes payable, net of note discount

 153,482

 153,482

 Due to related party

 173,059

 139,809

 Total Current Liabilities

 643,494

 570,534

 Promissory notes payable

 67,326

 67,326

 Total Liabilities

 710,820

 637,860

 Stockholders' Deficit

 Common stock, no par value; 500,000,000 shares authorized, 27,819,385 shares issued and outstanding

 Additional paid-in capital

 -

 -

 Accumulated deficit

 ( 233,460,907
)

 ( 233,387,947
)

 Accumulated deficit from discontinued operations

)

)

 Total Stockholders' Deficit

 ( 710,820
)

 ( 637,860
)

 TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

 $
 -

 $
 -

 The accompanying notes are an integral part of these audited financial statements.

 STATEMENTS OF OPERATIONS
 FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2023

 2024

 2023

 OPERATING EXPENSES

 Professional fees

 $
 35,350

 $
 41,150

 Total Operating Expenses

 35,350

 41,150

 OTHER EXPENSES

 Accounts payable written off

 ( 1,242
)

 -

 Interest expense

 ( 36,368
)

 ( 36,268
)

 Total Operating Expenses

 ( 37,610
)

 ( 36,268
)

 NET LOSS

 $
 ( 72,960
)

 $
 ( 77,418
)

 NET LOSS PER SHARE: BASIC AND DILUTED

 $
 ( 0.00
)

 $
 ( 0.00
)

 WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED

 The accompanying notes are an integral part of these audited financial statements.

 STATEMENTS OF STOCKHOLDERS' DEFICIT
 FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2023

 Accumulated Deficit

 From

 Total

 Common Stock (no par value)

 Accumulated

 Discontinued

 Stockholders'

 Number of Shares

 Amount

 Deficit

 Operations Deficit

 Deficit

 Balance - December 31, 2022

 $

 $
 ( 233,310,529
)

 $
)

 $
 ( 560,442
)

 Net loss

 -

 -

 ( 77,418
)

 -

 ( 77,418
)

 Balance - December 31, 2023

 $

 $
 ( 233,387,947
)

 $
)

 $
 ( 637,860
)

 Net loss

 -

 -

 ( 72,960
)

 -

 ( 72,960
)

 Balance - December 31, 2024

 $

 $
 ( 233,460,907
)

 $
)

 $
 ( 710,820
)

 The accompanying notes are an integral part of these audited financial statements.

 STATEMENTS OF CASH FLOWS
 FOR THE YEAR ENDED DECEMBER 31, 2024 AND 2023

 2024

 2023

 CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss

 $
 ( 72,960
)

 $
 ( 77,418
)

 Adjustments to reconcile net loss to net cash from operating activities:

 Accounts payable written off

 1,242

 -

 Changes in operating liabilities:

 Accounts payable and accrued liabilities

 2,100

 ( 1,899
)

 Accrued interest

 36,368

 36,268

 Net cash used in operating activities

 ( 33,250
)

 ( 43,049
)

 CASH FLOWS FROM FINANCING ACTIVITIES

 Advancement from related party

 33,250

 43,049

 Net cash provided by financing activities

 33,250

 43,049

 Net change in cash and cash equivalents

 -

 -

 Cash and cash equivalents - beginning of period

 -

 -

 Cash and cash equivalents - end of period

 $
 -

 $
 -

 Supplemental Cash Flow Disclosures

 Cash paid for interest

 $
 -

 $
 -

 Cash paid for income taxes

 $
 -

 $
 -

 The accompanying notes are an integral part of these audited financial statements.

 NOTES TO AUDITED FINANCIAL STATEMENTS
 DECEMBER 31, 2024 AND 2023

 NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS

 Cloudweb, Inc. (the "Company", or "we") is a Florida corporation incorporated on May 25, 2014 as Formigli, Inc. In December 2015, the Company changed its name to Data Backup, Inc., and on November 4, 2016, the Company changed its name to Data Backup Solutions Inc. On October 1, 2017, the Company changed its name to Cloudweb, Inc.

 We are currently exploring different options of further developing and marketing our web hosting and data storage services. This includes plans to make hosting available for free while being supported by advertiser content. The Company will also look into white labeling its services to allow other brands to use our platforms for their own needs.

 NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 Basis of Presentation

 The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company's year-end is December 31.

 Use of Estimates

 The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 Fair Value of Financial Instruments

 ASC 820 " Fair Value Measurements and Disclosures " establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

 These tiers include:

 Level 1: defined as observable inputs such as quoted prices in active markets;
 Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and
 Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

 The carrying value of cash, prepayments and the Company's loan from shareholder approximates its fair value due to their short-term maturity.

 Web Development Cost

 In accordance with FASB ASC350-50 "Web Development Costs", all costs incurred during the website planning stage are incurred. During the website application and infrastructure development stage, software tool costs and internet domain costs are capitalized, and website hosting costs are expensed. Cost incurred in the graphics development, content development and operating stage are generally expensed unless the costs are software related and should then be capitalized.

 Share-based Expenses

 ASC 718 "Compensation – Stock Compensation" prescribes accounting and reporting standards for all share-based payment transactions in which employee services and non-employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees and non-employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).

 Convertible Financial Instruments

 The Company bifurcates conversion options from their host instruments and accounts for them as free-standing derivative financial instruments if certain criteria are met. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not remeasured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur, and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. An exception to this rule is when the host instrument is deemed to be conventional, as that term is described under applicable U.S. GAAP.

 Income Taxes

 The Company accounts for income taxes pursuant to FASB ASC 740 " Income Taxes ". Pursuant to ASC 740 deferred income taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences, and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The provision for income taxes represents the tax expense for the period, if any, and the change during the period in deferred tax assets and liabilities. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

 ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. At December 31, 2024 and December 31, 2023, there were no unrecognized tax benefits.

 Basic and Diluted Income (Loss) Per Share

 The Company computes income (loss) per share in accordance with FASB ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

 For the year ended December 31, 2024 and 2023, respectively, the following convertible notes were excluded from the computation of diluted net loss per shares as the result of the computation was anti-dilutive:

 2024

 2023

 (Shares)

 (Shares)

 Convertible notes payable

 55,326,667

 55,326,667

 Recent accounting pronouncements

 In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 "Debt—Debt with "Conversion and Other Options" and ASC subtopic 815-40 "Hedging—Contracts in Entity's Own Equity". The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. ASU 2020-06 removes from U.S. GAAP the separation models for (1) convertible debt with a CCF and (2) convertible instruments with a beneficial conversion feature ("BCF"). With the adoption of ASU 2020-06, entities will not separately present in equity an embedded conversion feature these debts. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company has chosen to early adopt this standard on January 1, 2021 financial statements and did not record BCF on the issuance of convertible notes with conversion rate below the Company's market stock price on the date of note issuance.

 In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures ("ASU 2023-09"), which is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 provide for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for the Company prospectively to all annual periods beginning after December 15, 2024. Early adoption is permitted. We are currently evaluating the impact this update will have on our consolidated financial statements and disclosures.

 We have evaluated all other recently issued, but not yet effective, accounting pronouncements and do not believe that these accounting pronouncements will have any material impact on our financial statements or disclosures upon adoption.

 NOTE 3 – GOING CONCERN

 The Company believes that its existing capital resources may not be adequate to enable it to execute its business plan. These conditions raise substantial doubt as to the Company's ability to continue as a going concern. The Company estimates that it will require additional cash resources from loan from related party and unaffiliated parties based on its current operating plan and condition. The accompanying financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern. If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify, delay, or abandon some or all of our business and expansion plans.

 NOTE 4 – RELATED PARTY TRANSACTIONS

 During the year ended December 31, 2024 and 2023, the Director of the Company advanced $ 33,250 and $ 43,049 for paying operating expenses on behalf of the Company, respectively. The loan is non-interest bearing and due on demand.

 As of December 31, 2024 and December 31, 2023, due to related party was $ 173,059 and $ 139,809, respectively.

 NOTE 5 – PROMISSORY NOTES

 Expiry Date

 2024

 2023

 Interest Rate

 Promissory Note - November 2017

 $
 2,160

 $
 2,160

 60 % per annum

 Promissory Note - March 2018

 3/31/2028

 15,296

 15,296

 Promissory Note - June 2018

 6/29/2028

 12,249

 12,249

 Promissory Note - September 2018

 9/29/2028

 5,408

 5,408

 Promissory Note - December 2018

 12/30/2028

 6,137

 6,137

 Promissory Note - March 2019

 3/30/2029

 7,150

 7,150

 Promissory Note - June 2019

 6/30/2029

 10,105

 10,105

 Promissory Note - September 2019

 9/30/2029

 4,081

 4,081

 Promissory Note - December 2019

 12/31/2029

 6,900

 6,900

 69,486

 69,486

 Less current portion of promissory note payable

 ( 2,160
)

 ( 2,160
)

 Long-term promissory notes payable

 $
 67,326

 $
 67,326

 As of December 31, 2024 and December 31, 2023, the accrued interest on the promissory notes was $ 133,108 and $ 11,256, respectively.

 NOTE 6 – CONVERTIBLE NOTES

 Expiry Date

 2024

 2023

 Convertible Notes - July 2017

 6/30/2022

 $
 116,000

 $
 116,000

 Convertible Notes - January 2020

 8,033

 8,033

 Convertible Notes - March 2020

 4,768

 4,768

 Convertible Notes - June 2020

 13,800

 13,800

 Convertible Notes - September 2020

 7,307

 7,307

 Convertible Notes - April 2022

 3,574

 3,574

 153,482

 153,482

 Less current portion of convertible note payable

 ( 153,482
)

 ( 153,482
)

 Long-term convertible notes payable

 $
 -

 $
 -

 Convertible Notes – July 2017

 On July 1, 2017, the Company replaced the promissory notes held by the four non-affiliated assignees with convertible notes at principal amount of $ 34,000, for total note principal amount of $ 136,000. The convertible notes bear interest at 4 % per annum, has an original expiry date of June 30, 2019 and subsequently extended to June 30, 2022 and are convertible at $ 0.005 per share for the Company common stock. On January 2, 2018, the four non-affiliated holders of the convertible notes elected to convert $5,000 principal portion of their notes for 5,000 shares ( pre 200:1 reverse stock split - 1,000,000 shares) of common stock at $ 0.005 per share. An aggregate $ 20,000 principal amount of the four convertible notes were converted for 4,000,000 common shares. The note is currently at default.

 Convertible Note – January 2020

 On January 2, 2020, the Company replaced a promissory note of $ 17,033 originally issued to an unaffiliated party on December 31, 2017 with a convertible note of $ 17,033. The convertible note is due on demand, bear interest at 10 % per annum and is convertible at $ 0.003 per share. The discount on convertible note from beneficial conversion feature of $ 17,033 was fully amortized during the year ended December 31, 2020. On March 4, 2020, this convertible note was sold to another unaffiliated party.

 Convertible Note – March 2020

 On March 4, 2020, the convertible note originally issued on January 2, 2020 comprising of principal amount of $ 17,033 and accrued interest of $ 21,073 was sold to another unaffiliated party. On March 23, 2020, the principal amount of the convertible note of $ 9,000 was converted into 15,000 shares ( pre 200:1 reverse stock split - 3,000,000 shares) of common stock.

 On March 31, 2020, the Company issued to an unaffiliated party a convertible note at $ 4,768 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30 % per annum and is convertible at $ 0.001 per share. The discount on convertible note from beneficial conversion feature of $ 4,768 was fully amortized during the year ended December 31, 2020.

 Convertible Note – June 2020

 On June 30, 2020, the Company issued to an unaffiliated party a convertible note at $ 13,800 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30 % per annum and is convertible at $ 0.001 per share. The discount on convertible note from beneficial conversion feature of $ 13,800 was fully amortized during the year ended December 31, 2020.

 Convertible Note – September 2020

 On September 30, 2020, the Company issued to an unaffiliated party a convertible note at $ 7,307 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30 % per annum and is convertible at $ 0.001 per share. The discount on convertible note from beneficial conversion feature of $ 7,307 was fully amortized during the year ended December 31, 2020.

 Convertible Note – December 2020

 On December 31, 2020, the Company issued to an unaffiliated party a convertible note at $ 6,074 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30 % per annum and is convertible at $ 0.001 per share. The discount on convertible note from beneficial conversion feature of $ 6,074 was fully amortized during the year ended December 31, 2020. During the year ended December 31, 2022, the Company issued 2,500,000 for partial repayment of the convertible note of $ 2,500 at $ 2.10 stock price. As of June 30, 2024 and December 31, 2023, the convertible note was $ 3,574.

 As of December 31, 2024 and December 31, 2023, the convertible notes payable was $ 153,482, net of note discount and accrued interest payable was $ 120,586 and $ 106,070, respectively.

 NOTE 7 - EQUITY

 Authorized Stock

 The Company's authorized common stock consists of 500,000,000 shares with no par value.

 Common Shares

 As of December 31, 2024 and December 31, 2023, the issued and outstanding shares of common stock was 27,819,385.

 NOTE 8 – INCOME TAX

 The Company provides for income taxes under ASC 740, " Income Taxes." Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

 The components of the Company's deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of December 31, 2024 and 2023, are as follows:

 2024

 2023

 Net operating loss carryforward

 $
 ( 853,030
)

 $
 ( 780,070
)

 Statutory tax rate

 %

 %

 Deferred tax asset

 ( 179,136
)

 ( 163,815
)

 Less: Valuation allowance

 179,136

 163,815

 Net deferred asset

 $
 -

 $
 -

 As of December 31, 2024, the Company had approximately $ 853,000 in net operating losses ("NOLs") that may be available to offset future taxable income. NOLs generated in tax years prior to December 31, 2017, can be carryforward for twenty years, whereas NOLs generated after December 31, 2017 can be carryforward indefinitely. In accordance with Section 382 of the U.S. Internal Revenue Code, the usage of the Company's net operating loss carry forwards is subject to annual limitations following greater than 50 % ownership changes. Tax returns for the years ended 2015 through 2024 are subject to review by the tax authorities.

 NOTE 9 – SUBSEQUENT EVENTS

 In accordance with ASC 855, "Subsequent Events," the Company has analyzed its operations subsequent to December 31 2024 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

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

 On June 14, 2024, Cloudweb, Inc (the "Company") terminated its relationship with its independent registered public accounting firm, BF Borgers CPA PC ("BF BORGERS). On June 20, 2024, the Company engaged Boladale Lawal & Co. ("BOLADALE LAWAL"), as BF Borgers' replacement. The decision to change independent registered public accounting firms was made with the recommendation and approval of the Company's Board of Directors.

 BF Borgers' audit reports on the Company's financial statements as of and for the fiscal years ended December 31, 2023 and December 31, 2022 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to audit scope or accounting principles.

 During the fiscal years ended December 31, 2023 and 2022, and the subsequent interim period through the date of this report, there were no disagreements, as that term is defined in Item 304(a)(1)(iv) of Regulation S-K, between the Company and BF Borgers on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to BF Borgers' satisfaction, would have caused BF Borgers to make reference to such disagreements in its audit reports.

 There were no disagreements related to accounting principles or practices, financial statement disclosure, internal controls or auditing scope or procedure during the two fiscal years and interim periods.

 ITEM 9A. CONTROLS AND PROCEDURES

 Evaluation Of Disclosure Controls And Procedures

 Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer (our chief executive officer), we have conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as of the end of the period covered by this report. Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were ineffective such that the material information required to be included in our Securities and Exchange Commission reports is accumulated and communicated to our management, including our principal executive and financial officer, recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms relating to our Company, particularly during the period when this report was being prepared.

 Management's Annual Report On Internal Control Over Financial Reporting

 Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act, for our Company.

 Internal control over financial reporting includes those policies and procedures that: (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of its management and directors; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

 Management recognizes that there are inherent limitations in the effectiveness of any system of internal control, and accordingly, even effective internal control can provide only reasonable assurance with respect to financial statement preparation and may not prevent or detect material misstatements. In addition, effective internal control at a point in time may become ineffective in future periods because of changes in conditions or due to deterioration in the degree of compliance with our established policies and procedures.

 A material weakness is a significant deficiency, or combination of significant deficiencies, that results in there being a more than remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.

 Under the supervision and with the participation of our chief executive officer, management conducted an evaluation of the effectiveness of our internal control over financial reporting, as of December 31, 2024, based on the framework set forth in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on our evaluation under this framework, management concluded that our internal control over financial reporting was not effective as of the evaluation date due to the factors stated below.

 Management assessed the effectiveness of the Company's internal control over financial reporting as of evaluation date and identified the following material weaknesses:

 Insufficient Resources: We have an inadequate number of personnel with requisite expertise in the key functional areas of finance and accounting.

 Inadequate Segregation Of Duties: We have an inadequate number of personnel to properly implement control procedures.

 Lack Of Audit Committee & Outside Directors On The Company's Board Of Directors: We do not have a functioning audit committee or outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures.

 Management is committed to improving its internal controls and will (1) continue to use third party specialists to address shortfalls in staffing and to assist the Company with accounting and finance responsibilities, (2) increase the frequency of independent reconciliations of significant accounts which will mitigate the lack of segregation of duties until there are sufficient personnel and (3) may consider appointing outside directors and audit committee members in the future.

 Management, including our chief executive officer, has discussed the material weakness noted above with our independent registered public accounting firm. Due to the nature of this material weakness, there is a more than remote likelihood that misstatements which could be material to the annual or interim financial statements could occur that would not be prevented or detected.

 This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the our registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only management's report in this annual report.

 Changes In Internal Controls Over Financial Reporting

 There have been no changes in our internal control over financial reporting that occurred during the last fiscal quarter for our fiscal year ended December 31, 2023 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 ITEM 9B. OTHER INFORMATION

 Except as provided above, there is no information to be disclosed in a report on Form 8-K during the fourth quarter of the year covered by this Form 10-K that has not been previously filed with the Securities and Exchange Commission.

 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 All directors of our Company hold office until the next annual meeting of the security holders or until their successors have been elected and qualified. The officers of our Company are appointed by our board of directors and hold office until their death, resignation or removal from office. Our directors and executive officers, their ages, positions held, and duration as such, are as follows:

 Name

 Position Held with the Company

 Age

 Date First Elected or Appointed

 Zhi De Liao

 President, Chief Executive Officer, Chief Financial Officer and director

 January 28, 2016

 Business Experience

 The following is a brief account of the education and business experience during at least the past five years of each director, executive officer and key employee of our Company, indicating the person's principal occupation during that period, and the name and principal business of the organization in which such occupation and employment were carried out.

 Zhi De Liao – President, Chief Executive Officer, Chief Financial Officer and director.

 Mr. Liao received a Bachelor's degree in Administrative Management in 1994, and a Master of Business Administration degree in 1997 from Guangxi Normal University. From Jan 2010 through Sept 2011, he served as a Production Manager for Beihai Kingsky Enterprise Co. Ltd, before moving to Shengde Guangxi Intergrated Project and Operations in October 2011 to manage production and logistics until Dec 2015. Currently Mr. Liao is the CEO and owner of Data Backup Solutions and manages Data Backup Solutions full time.

 Our Company believes that Mr. Liao's professional background experience gives him the qualifications and skills necessary to serve as a director and officer of our Company.

 Term of Office

 Our directors are appointed for a one-year term to hold office until the next annual general meeting of our stockholders or until removed from office in accordance with our bylaws. Our officers are appointed by our board of directors and hold office until removed by the board.

 All officers and directors listed above will remain in office until the next annual meeting of our stockholders, and until their successors have been duly elected and qualified. There are no agreements with respect to the election of Directors. We have not compensated our Directors for service on our Board of Directors, any committee thereof, or reimbursed for expenses incurred for attendance at meetings of our Board of Directors and/or any committee of our Board of Directors. Officers are appointed annually by our Board of Directors and each Executive Officer serves at the discretion of our Board of Directors. We do not have any standing committees. Our Board of Directors may in the future determine to pay Directors' fees and reimburse Directors for expenses related to their activities.

 Employment Agreements

 We have no formal employment agreements with any of our directors or officers.

 Family Relationships

 There are no family relationships between any of our directors, executive officers and proposed directors or executive officers.

 Involvement in certain legal proceedings.

 To the best of our knowledge, none of our directors or executive officers has, during the past ten years:

 1.

 been convicted in a criminal proceeding or been subject to a pending criminal proceeding (excluding traffic violations and other minor offences);

 2.

 had any bankruptcy petition filed by or against the business or property of the person, or of any partnership, corporation or business association of which he was a general partner or executive officer, either at the time of the bankruptcy filing or within two years prior to that time;

 3.

 been subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction or federal or state authority, permanently or temporarily enjoining, barring, suspending or otherwise limiting, his involvement in any type of business, securities, futures, commodities, investment, banking, savings and loan, or insurance activities, or to be associated with persons engaged in any such activity;

 4.

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

 5.

 been the subject of, or a party to, any federal or state judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated (not including any settlement of a civil proceeding among private litigants), relating to an alleged violation of any federal or state securities or commodities law or regulation, any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

 6.

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

 Section 16(a) Beneficial Ownership Reporting Compliance

 Our common stock is not registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Accordingly, our executive officers and directors and persons who own more than 10% of a registered class of our equity securities are not subject to the beneficial ownership reporting requirements of Section 16(1) of the Exchange Act.

 Code of Ethics

 We do not currently have a Code of Ethics in place for the Company. Our business operations are not complex and are very limited. Our Company seeks advice and counsel from outside experts such as our lawyers and accountants on matters relating to corporate governance and financial reporting.

 Board and Committee Meetings

 Our board of directors held no formal meetings during the year ended December 31, 2024. All proceedings of the board of directors were conducted by resolutions consented to in writing by all the directors and filed with the minutes of the proceedings of the directors. Such resolutions consented to in writing by the directors entitled to vote on that resolution at a meeting of the directors are, according to the Colorado Revised Statutes and our Bylaws, as valid and effective as if they had been passed at a meeting of the directors duly called and held.

 Nomination Process

 As of December 31, 2024, we did not effect any material changes to the procedures by which our shareholders may recommend nominees to our board of directors. Our board of directors does not have a policy with regards to the consideration of any director candidates recommended by our shareholders. Our board of directors has determined that it is in the best position to evaluate our Company's requirements as well as the qualifications of each candidate when the board considers a nominee for a position on our board of directors. If shareholders wish to recommend candidates directly to our board, they may do so by sending communications to the president of our Company at the address on the cover of this annual report.

 Audit Committee

 Currently our audit committee consists of our entire board of directors. We do not have a standing audit committee as we currently have limited working capital and minimal revenues. Should we be able to raise sufficient funding to execute our business plan, we will form an audit, compensation committee and other applicable committees utilizing our directors' expertise.

 Audit Committee Financial Expert

 Currently our audit committee consists of our entire board of directors. We do not currently have a director who is qualified to act as the head of the audit committee.

 ITEM 11. EXECUTIVE COMPENSATION

 The particulars of the compensation paid to the following persons:

 (a)

 our principal executive officer;

 (b)

 each of our two most highly compensated executive officers who were serving as executive officers during the years ended December 31, 2024 and 2023; and

 (c)

 up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at the end of the years ended December 31, 2024 and 2023, who we will collectively refer to as the named executive officers of our Company, are set out in the following summary compensation table, except that no disclosure is provided for any named executive officer, other than our principal executive officers, whose total compensation did not exceed $100,000 for the respective fiscal year:

 SUMMARY COMPENSATION TABLE

 Name and Principal Position

 Year

 Salary
 ($)

 Bonus
 ($)

 Stock
 Awards
 ($)

 Option Awards
 ($)

 Non-Equity Incentive Plan Compensation
 ($)

 Change in Pension Value and Nonqualified Deferred Compensation Earnings
 ($)

 All Other Compensation
 ($)

 Total
 ($)

 Zhi De Liao (1) CEO, CFO,

 2024

 --

 --

 --

 --

 --

 --

 --

 --

 President and Director

 2023

 --

 --

 --

 --

 --

 --

 --

 --

 ________________
 (1)

 Mr. Liao was appointed President, Chief Executive Officer, Chief Financial Officer and a Director on January 28, 2016.

 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 share 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 share options may be granted at the discretion of our board of directors.

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

 The following table sets forth certain information concerning the number of shares of our common stock owned beneficially as of February 17, 2025 by: (i) each person (including any group) known to us to own more than five percent (5%) of any class of our voting securities, (ii) members of our Board of Directors, and or (iii) our executive officers. Unless otherwise indicated, the stockholder listed possesses sole voting and investment power with respect to the shares shown.

 Name and Address of
 Beneficial Owner

 Amount and Nature of
 Beneficial Ownership

 Percentage
 of Class (1)

 Zhi De Liao12A Greenhill Street, Dept. 106Stratford Upon AvonWarwickshire, United Kingdom

 25,000,001 Share of Common Stock / Direct
 300,555 Shares of Common Stock / Indirect (2)

 90.95

 %

 Directors and Executive Officers as a Group

 25,300,556 Shares of Common Stock

 90.95

 %

 _________________
 (1)

 Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person's actual ownership or voting power with respect to the number of shares of common stock actually outstanding on February 17, 2025. As of February 17, 2025, there were 27,819,385 shares of our Company's common stock issued and outstanding.

 (2)

 The shares of common stock are registered in the name of Letterston Investments Ltd., a company in which Zhi De Liao has sole voting and dispositive control.

 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

 Except as disclosed herein, no director, executive officer, shareholder holding at least 5% of shares of our common stock, or any family member thereof, had any material interest, direct or indirect, in any transaction, or proposed transaction since the year ended December 31, 2024, in which the amount involved in the transaction exceeded or exceeds the lesser of $120,000 or one percent of the average of our total assets at the year-end for the last three completed fiscal years.

 During the year ended December 31, 2024 and 2023, the Director of the Company advanced $33,250 and $43,049 for paying operating expenses on behalf of the Company, respectively. The loan is non-interest bearing and due on demand.

 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

 The aggregate fees billed for the most recently completed fiscal year ended December 31, 2024 and for fiscal year ended December 31, 2023 for professional services rendered by the principal accountant for the audit of our annual financial statements and review of the financial statements included in our quarterly reports on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for these fiscal periods were as follows:

 Boladale Lawal & Co.

 Fee Category

 2024

 2023

 Audit Fees

 $
 3,000

 $
 -

 Audit-Related Fees

 -

 -

 Tax Fees

 -

 -

 All Other Fees

 -

 -

 Total Fees

 $
 3,000

 $
 -

 BF Borgers, CPA PC

 Fee Category

 2024

 2023

 Audit Fees

 $
 17,500

 $
 27,500

 Audit-Related Fees

 -

 -

 Tax Fees

 -

 -

 All Other Fees

 -

 -

 Total Fees

 $
 17,500

 $
 27,500

 Audit committee policies & procedures

 We do not currently have a standing audit committee. The above services were approved by our Board of Directors.

 ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

 (a)

 Financial Statements

 (1)

 Financial statements for our Company are listed in the index under Item 8 of this document.

 (2)

 All financial statement schedules are omitted because they are not applicable, not material or the required information is shown in the financial statements or notes thereto.

 (b)

 Exhibits

 EXHIBIT
 NUMBER

 Exhibit Description

 (31)

 Rule 13a-14 (d)/15d-14d) Certifications

 31.1*

 Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer and Chief Financial Officer

 (32)

 Section 1350 Certifications

 32.1**

 Section 1350 Certification of Chief Executive Officer and Chief Financial Officer

 (100)

 Interactive Data File

 101.INS**

 101.SCH**

 101.CAL**

 101.DEF**

 101.LAB**

 101.PRE**

 _________
 *Filed herewith.
 **Furnished herewith.

 ITEM 16. FORM 10-K SUMMARY

 None.

 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, thereto duly authorized.

 Dated February 27, 2025

 By:

 /s/ Zhi De Liao

 Zhi De Liao

 President, Chief Executive Officer,
 Chief Financial Officer and Director

 (Principal Executive Officer, Principal Financial Officer

 and Principal Accounting Officer)