FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements relating to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "intends", "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 which may cause our or our industry's actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance 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 or performance. You should not place undue reliance on these statements, which speak only as of the date that they were made. These cautionary statements should be considered with any written or oral forward-looking statements that we may issue in the future. 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, later events or circumstances or to reflect the occurrence of unanticipated events.

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

The management's discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").

As used in this quarterly report, the terms "we", "us", "our", and "our company" means Cloudweb, Inc., unless otherwise indicated.





General Overview



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 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.

We do not have any subsidiaries.

We have never declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.





Results of Operations

The following summary of our operations should be read in conjunction with our unaudited condensed financial statements for the nine months ended September 30, 2022 and 2021.






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Three months ended September 30, 2022 compared to three months ended September
30, 2021



                             Three Months Ended
                                September 30,
                                 2022         2021      Changes         %

Operating Expenses
   Professional fees       $    9,150     4  7,560     $  1,590        21 %
Total operating expenses        9,150        7,560        1,590        21 %
Other expenses                  9,142        9,933         (791 )    (8%)
Net Loss                   $   18,292     $ 17,493     $    799         5 %

We had no revenue for the three months ended September 30, 2022 and 2021.

Our net loss for the three months ended September 30, 2022 was $18,292 compared with net loss of $17,493 for the three months ended September30, 2020 due to the increase in professional fees.





Nine months ended September 30, 2022 compared to nine months ended September 30,
2021



                             Nine months ended
                               September 30,
                             2022          2021       Changes        %

Operating expenses

Professional fees $ 37,950 $ 29,910 $ 8,040 27 % Total operating expenses 37,950 29,910 8,040 27 % Other expenses

                28,505       29,495         (990 )    (3%)
Net Loss                   $  66,455     $ 59,405     $  7,050        12 %

We had no revenue for the nine months ended September 30, 2022 and 2021.

Our net loss for the nine months ended September 30, 2022 was $66,455 compared with net loss of $59,405 for the nine months ended September 30, 2021 due to the increase in professional fees.





Liquidity and Capital



Working Capital



                                  As of               As of
                              September 30,       December 31,
                                  2022                2021           Changes       %

Current Assets               $             -     $            -     $       -        -
Current Liabilities          $       456,575     $      392,620     $  63,955       16 %
Working Capital Deficiency   $      (456,575 )   $     (392,620 )   $ (63,955 )     16 %

As at September 30, 2022 and December 31, 2021, our company had no cash and assets.

As at September 30, 2022, our company had current liabilities of $456,575 as compared to $392,620 as of December 31, 2021. The increase in current liabilities was due to an increase in accrued interest and due to related party.

As at September 30, 2022, our company had a working capital deficiency of $456,575 compared with a working capital deficit of $392,620 as at December 31, 2021. The increase in working capital deficit was primarily due to an increase in due to related party and accrued interest.






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Cash Flows



                                                 Nine months ended
                                                   September 30,
                                                2022          2021        Changes       %

Cash flows used in operating activities $ (37,450 ) $ (28,480 ) $ (8,970 ) 31 % Cash flows provided by financing activities 37,450 28,480 8,970 31 % Net changes in cash

                           $       -     $       -     $      -        -

Cash Flow from Operating Activities

We have not generated positive cash flow from operating activities. During the nine months ended September 30, 2022, net cash used in operating activities was $37,450 compared to $28,480 used during the nine months ended September 30, 2021. Cash flows used in operating activities during the nine months ended September 30, 2022, comprised of a net loss of $66,455, which was reduced by non-cash expenses of $1,184 for amortization of debt discount and a net change in working capital of $27,821. Cash flows used in operating activities during the nine months ended September 30, 2021, comprised of a net loss of $59,405, which was reduced by non-cash expenses of $1,800 for amortization of debt discount and a net change in working capital of $29,125.

Cash Flow from Investing Activities

During the nine months ended September 30, 2022 and 2021, our company did not have any investing activities.

Cash Flow from Financing Activities

During the nine months ended September 30, 2022 and 2021, net cash provided by financing activities was $37,450 and $28,480 for advancement from the Company's Director for paying operating expenses, respectively.





Going Concern

As of September 30, 2022, we had an accumulated deficit of $233,237,988. 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 exploring different options of further developing and marketing our web hosting and data storage services. The accompanying condensed 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.

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 are material to stockholders.

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