The information contained in this Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission on March 29, 2022 (the "Form 10-K") and presumes that readers have access to, and will have read, the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our financial statements and the notes to the financial statements included elsewhere in this Form 10-Q.

The following discussion contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, "Management's Discussion and Analysis of Financial Condition and Results of Operations." These statements are not guaranteed of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Form 10K in the section entitled "Risk Factors" for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this quarterly report on Form 10-Q. The following should also be read in conjunction with the unaudited Financial Statements and notes thereto that appear elsewhere in this report.

Company Overview

SEATech Ventures Corp. is a company that operates through its wholly owned subsidiary, SEATech Ventures Corp., a Company registered in Labuan, Malaysia, which in turn owns 100% of SEATech Ventures (HK) Limited, the operating Hong Kong Company which is described below. The purpose of SEATech Ventures Corp. Labuan, Malaysia is to act as a holding company.

The purpose of SEATech Ventures (HK) Limited is to become the current regional hub for business activities and to engage in operational functions. SEATech Ventures (HK) Limited owns 100% of SEATech CVC Sdn. Bhd. (F.K.A. SEATech Bigorange CVC Sdn. Bhd.) and 100% of SEATech Ventures Sdn. Bhd., which are incorporated in Malaysia, as part of the business development initiative.

At present, we have a physical office in in Bangsar South with address 11-05 & 11-06, Tower A, Ave 3 Vertical Business Suite, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia.

SEATech Ventures Corp. group of companies business activities is that of providing business mentoring services, nurturing and incubation services relating to client businesses and corporate development advisory services to entrepreneurs in the broader technology industry, but with a specific focus on the information and communication technology industry. We will, focus our efforts on nurturing ICT entrepreneurs in Asia. Our advisory services will center on our "ICT Start-Up Mentorship Program", which is designed to assist tech-based entrepreneurs in solving ICT industry pain points caused by technical insufficiencies, inappropriate financial modelling and weak strategic positioning Our advisory services aim to improve the technical exposure of our clients and to improve their sustainability in the ICT industry community through a combination of mentorship programs.



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Results of Operation

For the three months and nine months ended September 30, 2022 and 2021

Revenues

For the three and nine months ended September 30, 2022, the Company has generated revenue of $15,800 and $335,800 respectively, while for the three and nine months ended September 30, 2021, the Company has generated revenue of $235,840 and $358,240 respectively. The revenue generated was the result of corporate development advisory service rendered by the Company.

Cost of Revenue and Gross Margin

For the three and nine months ended September 30, 2022, cost incurred in providing corporate development advisory services are $14,300 and $270,300 respectively, while for the three and nine months ended September 30, 2021, cost incurred in providing corporate development advisory services are $177,700 and $287,700 respectively. Our gross margin for the three and nine months ended September 30, 2022 were $1,500 and $65,500 respectively, which is less than $58,140 for the three months ended September 30, 2021 but is more than $70,540 for the nine months ended September 30, 2021.

Selling and marketing expenses

For the three and nine months ended September 30, 2022, we had selling and distribution expenses in the amount of $0, while for the three and nine months ended September 30, 2021, we had selling and distribution expenses in the amount of $1,593 and $1,878, which were primarily comprised of marketing expenses and expenses incurred for selling of services.

General and administrative expenses

For the three and nine months ended September 30, 2022, we had general and administrative expenses in the amount of $51,184 and $147,345, while for the three and nine months ended September 30, 2021, we had general and administrative expenses in the amount of $37,522 and $116,854, which were primarily comprised of company renewal fee, employee salary, and employee reimbursement.

Net (Loss)/ Profit

For the three months and nine months ended September 30, 2022, the Company incurred a net loss of $43,324 and $ 73,981, while for the three months ended September 30, 2021, the Company generated net profit of $18,985 and incurred a net loss of $47,191 for the nine months ended September 30, 2021. The losses are mainly derived from the general and administrative expenses.



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Liquidity and Capital Resources

As of September 30, 2022 and 2021, we had cash and cash equivalents of $169,743 and $183,694. The Company has negative operating cash flows due to insufficient revenue to cover the expenses. Going forward, we expect more business activities that would generate more revenue that would increase our cash flow.

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

Cash Used In Operating Activities

For the nine months ended September 30, 2022 and 2021, net cash used in operating activities was $25,437 and $93,355 respectively.

Credit Facilities

We do not have any credit facilities or other access to bank credit.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of September 30, 2022.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.



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