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 three ended March 31, 2023 and 2022.

Three months ended March 31, 2023 compared to three months ended March 31, 2022





                               Three Months
                                 March 31,
                             2023         2022       Changes      %

Operating expenses Professional fees $ 12,500 $ 19,300 $ (6,800 ) (35%) Total operating expenses 12,500 19,300 (6,800 ) (35%) Other expenses

                8,943        9,728         (785 )  (8%)
Net Loss                   $ 21,443     $ 29,028     $ (7,585 ) (26%)

We had no revenue for the three months ended March 31, 2023 and 2022.

Our net loss for the three months ended March 31, 2023 was $21,443 compared with net loss of $29,028 for the three months ended March 31, 2022 due to the decrease in professional fees.






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Liquidity and Capital



Working Capital



                                As of            As of
                             March 31,       December 31,
                                2023             2022           Changes       %

Current Assets               $        -     $            -     $       -       -
Current Liabilities          $  514,559     $      493,116     $  21,443       4 %
Working Capital Deficiency   $ (514,559 )   $     (493,116 )   $ (21,443 )     4 %

As at March 31, 2023 and December 31, 2022, our company had no cash and assets.

As at March 31, 2023 our company had current liabilities of $514,559 as compared to $493,116 as of December 31, 2022. The increase in current liabilities was due to an increase in accrued interest and due to related party.

As at March 31,2 023, our company had a working capital deficiency of $514,559 compared with a working capital deficit of $493,116 as at December 31, 2022. The increase in working capital deficit was primarily due to an increase in due to related party and accrued interest.





Cash Flows



                                                   Three Months
                                                     March 31,
                                                2023          2022         Changes        %

Cash flows used in operating activities $ (16,939 ) $ (17,900 ) $ 961 (5%) Cash flows provided by financing activities 16,939 17,900 (961 ) (5%) Net changes in cash

                           $       -     $       -     $       -         -

Cash Flow from Operating Activities

We have not generated positive cash flow from operating activities. During the three months ended March 31, 2023, net cash used in operating activities was $16,939 compared to $17,900 used during the three months ended March 31, 2022. Cash flows used in operating activities during the three months ended March 31, 2023, comprised of a net loss of $21,443, reduced by a net change in working capital of $4,504. Cash flows used in operating activities during the three months ended March 31, 2022, comprised of a net loss of $29,028 which was reduced by non-cash expenses of $1600 for amortization of debt discount and a net change in working capital of $10,528.

Cash Flow from Investing Activities

During the three months ended March 31, 2023 and 2022, our company did not have any investing activities.

Cash Flow from Financing Activities

During the three months ended March 31, 2023 and 2022, net cash provided by financing activities was $16,939 and $17,900 for advancement from the Company's Director for paying operating expenses, respectively.






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Going Concern

As of March 31, 2023, we had an accumulated deficit of $233,331,972. 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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