The following discussion and analysis is based on, and should be read in
conjunction with, the audited condensed consolidated financial statements and
the notes thereto included elsewhere in this Form 10-K. This Annual Report on
Form 10-K contains "forward-looking statements" within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended. These statements are
often identified by the use of words such as "may," "will," "expect," "believe,"
"anticipate," "intend," "could," "estimate," or "continue," and similar
expressions or variations. Such forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results and the timing
of certain events to differ materially from future results expressed or implied
by such forward-looking statements. The forward-looking statements in this
Annual Report on Form 10-K represent our views as of the date of this Annual
Report on Form 10-K. We anticipate that subsequent events and developments will
cause our views to change. However, while we may elect to update these
forward-looking statements at some point in the future, we have no current
intention of doing so except to the extent required by applicable law. You
should, therefore, not rely on these forward-looking statements as representing
our views as of any date subsequent to the date of this Report on Form 10-K.

Results of Operations for the Years Ended December 31, 2019 and 2018





We are a smaller reporting Company as defined by Rule 12b-2 and incorporated in
the State of Delaware on July 22, 2016. As of the periods from inception through
the date of this yearly report, we generated small amount revenues and incurred
expenses and operating losses, as part of our development stage activities. We
recorded a net loss of $3,356,216 for the twelve months ended December 31, 2019,
net cash flows used by operating activities was $7,510,880, working capital
deficit of $9,433,896 and an accumulated deficit of $6,278,093 at December

31,
2019.



We anticipate that we will need substantial working capital over the next 12
months to continue as a going concern and to expand our operations to
distribute, sell and market products and solutions. Our independent auditors
have expressed substantial doubt as to the ability of the Company to continue as
a going concern. We intend to make an equity offering of our common stock for
the acquisition and operation expenses. If we cannot raise the required cash, we
will issue additional shares of our common stock in lieu of cash.



25






Our Current Business



The Company has commenced operations since June 2017 and during the financial
year 2018 it has completed 11 acquisitions in Australia, Malaysia, Philippines
and the United States. During year 2019 has completed 7 acquisitions in
Australia. Based on the product development during 2017, 2018 and 2019 as well
as the acquisitions by the Company now owns several proprietary software, mobile
applications, learning and educational tools to help consumers and businesses
improve and grow, education services, accounting & corporate advisory, financial
planning, data center service.

The Company has a stated mission to make potential growth accessible and sustainable.


On January 2, 2018, we entered into a stock-for-stock acquisition agreement (the
"Acquisition Agreement") with Anvia (Australia) Pty Ltd, an entity organized
under the laws of Australia. On May 10, 2018, we issued to the sole owner of
Anvia Australia 5,000 shares of our common stock, valued at the fair market
value of $0.60 per share for a consideration of $3,000, in exchange for all of
the issued and outstanding stock of Anvia Australia to complete the share
exchange and restructuring of entities under common control. We have casted
prior period financial statements to reflect the conveyance of Anvia Australia
to the Company as if the restructuring had occurred as of the earliest date of
the consolidated financial statements. Anvia Australia was an entity solely
owned by Lindita Kasa, spouse of Ali Kasa, CEO and director of our Company prior
to the acquisition. As a wholly owned subsidiary, Anvia Australia shall operate
Anvia market and Anvia recruiters' sites and business units in Australia and
global markets.



26

Anvia Market is an ecommerce platform where construction tradesmen can purchase safety wears and tools of their choice. Given the fact that there are 1.5 million licensed tradesmen and Australian high adoption of online shopping, Anvia market is expected to contribute to revenue growth of our Company.

Anvia Recruiters is placement services specializes in training and placing qualified tradesmen within construction industry in Australia. Recruitment services accounted for 100% of Anvia Holdings Corporation. With the Anvia recruited online platform in place and dedicated employees to manage the platform we forecast that Anvia recruiters will continue to be the key revenue source for our Company in 2018.





On June 11, 2018, Anvia Australia, completed its acquisition all of the issued
and outstanding shares of Global Institute of Vocational Education Pty Ltd from
its former shareholder, an unrelated party to the Company, for a cash purchase
price of $62,375 (AUD 81,900 Australian Dollars).



On October 10, 2018, Anvia Holdings Corporation (the "Company") filed a Current
Report on Form 8-K (the "Original Form 8-K") reporting, among other things, that
on October 9, 2018, the Company completed its acquisition of Egnitus Inc., a
Nevada corporation ("Egnitus"). The Shareholder agree to transfer to Acquirer at
the Closing (defined below) 19,768,800 shares of common stock of Target, being
all of the issued and outstanding common stock of Target, in exchange for an
aggregate of 19,768,800 pre-split shares of voting common stock of Acquirer.

In October 23, 2018, Anvia Holdings Corporation entered into an acquisition agreement to acquire 100% of Entrepreneur Culture Inc Sdn. Bhd. shares for consideration of $60,074 and 65,455 shares of Anvia Holdings Corporation common stock.





In November 29, 2018, Anvia Holdings Corporation (the "Company"), through its
wholly owned subsidiary, Anvia (Australia) Pty Ltd acquired 100% of shares
issued and outstanding common shares from the shareholders of Xamerg Pty Ltd for
consideration of $1,204,807.84.



In November 30, 2018, Anvia Holdings Corporation (the "Company"), through its
wholly owned subsidiary, Anvia (Australia) Pty Ltd acquired 51% of the shares
issued and outstanding common shares from shareholders of Jamiesons Accounting
Pty Ltd for consideration of $696,129



In December 10, 2018, Anvia Holdings Corporation acquired 100% of shares issued
and outstanding common shares from shareholders of Doubleline Capital Sdn. Bhd.
in exchange with 52,300 shares of Anvia Holdings Corporation common stock.



In December 28, 2018, Anvia Holdings Corporation acquired 100% of shares issued
and outstanding common shares from shareholders of Blue Pacific English Academy
Inc. for consideration of $18,593.78



In December 28, 2018, Anvia Holdings Corporation (the "Company"), through its
wholly owned subsidiary, Doubleline Capital Sdn. Bhd. acquired 100% of shares
issued and outstanding common shares from shareholders of All Crescent Sdn. Bhd.
for consideration of $100,000 and 200,000 shares of Doubleline Capital Sdn.

Bhd.
common stock.



In December 31, 2018, Anvia Holdings Corporation (the "Company"), through its
wholly owned subsidiary, Anvia (Australia) Pty Ltd acquired 100% of shares
issued and outstanding common shares from shareholders of Workstar Technologies
Pty Ltd for consideration of $211,380.



In May 4, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired 100% of shares issued and
outstanding common shares from shareholders of Xseed Pty Ltd for consideration
of $ 500,000.



In May 14, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired 100% of shares issued and
outstanding common shares from shareholders of Host Group of Companies Pty Ltd
for consideration of USD 2,988,000 or AUD 4,300,000. where AUD 800,000 shall be
paid in cash, and AUD 3,500,000 shall be paid in shares of Anvia Holdings.



In June 12, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired acquire 95% of the issued
and outstanding shares of Myplanner Professional Services Pty. Ltd.
("Myplanner") and 100% of My Managed Portfolio Pty. Ltd. ("MMP"). The Company
acquired both Myplanner and MMP for a combined purchase price of USD$3.1 million
by following means:



                                               Consideration       Consideration           Total
                              Interests           in Cash            in Shares         consideration
   Acquired Companies         acquired              ($)                 ($)                 ($)
Myplanner                              95 %         1,554,286             651,963           2,206,249
MMP                                   100 %           624,450             261,934             886,384
                    Total                           2,178,736             913,897           3,092,633




In June 10, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired 51% of shares issued and
outstanding common shares from shareholders of Accounting Business Solutions Pty
Ltd ("ABS"), for consideration of USD 106,641 in exchange for 39,063 shares of
the Company's common stock of Anvia Holdings.



27






In June 10, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired 100% of shares issued and
outstanding common shares from shareholders of VocTrain Pty Ltd for
consideration of USD$196,000 in cash and the balance of approximately
USD$364,000, in common stock of the Company Anvia Holdings. Anvia (Australia)
Pty Ltd has reversed this acquisition on 1 October 2019.



In June 25, 2019, Anvia Holdings Corporation (the "Company"), through its wholly
owned subsidiary, Anvia (Australia) Pty Ltd acquired 60% of shares issued and
outstanding common shares from shareholders of Acquire Insurance Brokers Pty Ltd
for consideration of USD $1,029,864 of which USD$75,000 was paid in cash at the
closing and USD$954,864 is paid in the common stock of the Company Anvia
Holdings.



Results of Operations



Our results of operations for the three months and twelve months periods ended
December 31, 2019 included the operations of the Company, Anvia Holdings
Corporation; Anvia Australia, Global Institute of Vocational Education
operations, Egnitus INC. January 1 - May 2019 as this company is dissolved on 28
May 2019, Entrepreneur Culture Inc Sdn. Bhd from January 1 - August 2019 as this
company is sold on 31 August 2019; Xamerg Pty Ltd, Jamiesons Accounting Pty Ltd;
Doubleline Capital Sdn. Bhd; Blue Pacific English Academy Inc..; Workstar
Technologies Pty Ltd; Xseed Pty Ltd from the date of its acquisition May 4,
2019; Host Group of Companies Pty Ltd from the date of its acquisition May 14,
2019; Myplanner Professional Services Pty. Ltd. from the date of its acquisition
June 12, 2019; My Managed Portfolio Pty. Ltd from the date of its acquisition
June 12, 2019; Accounting Business Solutions Pty Ltd ("ABS") from the date of
its acquisition June 10, 2019; Acquire Insurance Brokers Pty Ltd from the date
of its acquisition June 25, 2019;



28







Revenues for the twelve months period ended December 31, 2019 and 2018 were $
14,245,425 and $ 690,680, respectively, earned by providing several proprietary
software, mobile applications, learning and educational tools to help consumers
and businesses improve and grow, education services, accounting & corporate
advisory, financial planning, data center service. Cost of revenue for providing
several proprietary software, mobile applications, learning and educational
tools to help consumers and businesses improve and grow, education services,
accounting & corporate advisory, financial planning, data center service to
customers were $ 8,807,072 and $ 80,370 for the twelve months ended December 31,
2019 and 2018, respectively.



Operating expenses for the twelve months ended December 31, 2019 and 2018 were $
10,637,558 and $1,357,024, respectively. Operating expenses for the twelve
months ended December 31, 2019 primarily consisted of consulting and business
advisory services of $ 156,000, audit fees $191,270, investor relations fees of
$147,354 and other general and administrative expenses of $10,159,500.



Operating expenses for the twelve months ended December 31, 2018 primarily
consisted of consulting and business advisory services of $ 80,527, audit fees
$61,415 travel, meals and lodging expense of $ 30,979, investor relations fees
of $65,385, registration fees and permits of $16,253 and other general and
administrative expenses of $1,102,465.



Other operating expenses for the twelve months ended December 31, 2019 and 2018
were $10,463,088 and (551,561) respectively. Other operating expenses consist of
change in the fair value of the embedded conversion option liability for the
derivative notes that parent company has received during the fiscal years 2019
and 2018 which consists in a profit for the year 2019 and an expense for the
year 2018.




Finance cost for the twelve months ended December 31, 2019 were $9,365,806.
Finance cost consisted interest expense recorded on notes for EMA of $
10,684.93, for FirstFire of $ 25,000, for Labrys $ 125,873.44, for Power Up $
41,860.46, for TFK $ 5,822.47, for GHS $ 955.98, for Rayont INC of $ 2,711, for
Auctus Fund of $ 17,813.38 and for Crown Bridge of $ 4,701.37

(i) on amortization of embedded conversion option liability for EMA of $ 167,500, for Auctus Fund of $ 2,103,624.35, for Crown Bridge of $ 925,594.71, for FirstFire of $ 1,262,174.61, for Power Up of $ 135,523.18, for TFK of $ 290,552.26, for Labrys of $3,826,666.31





(ii) amortization of debt discount for OID of Crown Bridge $11,000, amortization
of debt discount for OID of EMA $18,611.11, amortization of debt discount for
FirstFire of $ 15,000, amortization of debt discount for OID of Labrys of $
249,333.33, amortization of debt discount for OID of TFK of $ 12,500.

(iii)Other finance cost in the amount of $ 36,560 related the derivative notes and interest on the trade loan in the amount of $ 59,177.44

Finance cost for the twelve months ended December 31, 2018 were $1,277,417. Finance cost consisted interest expense recorded on note for EMA of $ 3,781, (i) on amortization of embedded conversion option liability of $ 922,517,

(ii) on GHS Note of $1,832, and (iv) on Labrys Fund Note of $24,859, amortization of debt discount for OID of LABRYS 40,667, amortization of debt discount for OID of EMA 6,389. amortization of debt discount for EMA of $ 277,373





29

As a result of above, we recorded a net loss of $ 3,356,216 for the twelve months ended December 31, 2019 as compared to the net loss of $ 2,563,510 for the same comparable periods in 2018, respectively.

Liquidity and Capital Resources


Cash and cash equivalents were $612,298 at December 31, 2019 as compared to
$248,253 at December 31, 2018. As shown in the accompanying consolidated
financial statements, we recorded a net loss of $ 3,356,216 for the twelve
months ended December 31, 2019. Our working capital deficit at December 31, 2019
was $ 9,433,896, net cash generated from operating activities was $7,510,880,
and accumulated deficit was $6,278,093. These factors and our ability to raise
additional capital to accomplish our objectives, raises doubt about our ability
to continue as a going concern. We expect our expenses will continue to increase
during the foreseeable future as a result of increased operations and the
development of our current business operations. We anticipate generating only
minimal revenues over the next twelve months. Consequently, we are dependent on
the proceeds from future debt or equity investments to sustain our operations
and implement our business plan. If we are unable to raise sufficient capital,
we will be required to delay or forego some portion of our business plan, which
would have a material adverse effect on our anticipated results from operations
and financial condition. There is no assurance that we will be able to obtain
necessary amounts of capital or that our estimates of our capital requirements
will prove to be accurate.



We presently do not have any significant credit available, bank financing or
other external sources of liquidity. Due to our operating losses, our operations
have not been a source of liquidity. We will need to acquire other profitable
entities or obtain additional capital in order to expand operations and become
profitable. In order to obtain capital, we may need to sell additional shares of
our common stock or borrow funds from private lenders. There can be no assurance
that we will be successful in obtaining additional funding.



To the extent that we raise additional capital through the sale of equity or
convertible debt securities, the issuance of such securities may result in
dilution to existing stockholders. If additional funds are raised through the
issuance of debt securities, these securities may have rights, preferences and
privileges senior to holders of common stock and the terms of such debt could
impose restrictions on our operations. Regardless of whether our cash assets
prove to be inadequate to meet our operational needs, we may seek to compensate
providers of services by issuance of stock in lieu of cash, which may also
result in dilution to existing shareholders. Even if we are able to raise the
funds required, it is possible that we could incur unexpected costs and
expenses, fail to collect significant amounts owed to us, or experience
unexpected cash requirements that would force us to seek alternative financing.



30






No assurance can be given that sources of financing will be available to us
and/or that demand for our equity/debt instruments will be sufficient to meet
our capital needs, or that financing will be available on terms favorable to us.
If funding is insufficient at any time in the future, we may not be able to take
advantage of business opportunities or respond to competitive pressures or may
be required to reduce the scope of our planned service development and marketing
efforts, any of which could have a negative impact on our business and operating
results. In addition, insufficient funding may have a material adverse effect on
our financial condition, which could require us to:



  ? Curtail our operations significantly, or

? Seek arrangements with strategic partners or other parties that may require us


    to relinquish significant rights to technology platform and correlated
    services, or

  ? Explore other strategic alternatives including a merger or sale of our
    Company.




Operating Activities



Net cash generated from operating activities for the twelve months ended
December 31, 2019 was $7,510,880 which resulted primarily from net loss of
$3,356,216, depreciation of plant and equipment of $638,435, amortization of
intangible assets $167,766, amortization of right of use assets of $375,226,
impairment of goodwill $2,418,064, gain on the disposal of subsidiaries $
260,695, gain on acquisition of subsidiaries $400,059, changes in fair value of
embedded conversion option liability $10,463,088, goodwill adjustments $137,957
and net change in operating assets and liabilities such as decrease in trade and
other receivables of $ 140,831 and increase in trade and other payables
$3,484,032 and decrease in operating lease liabilities of $111,471.



Net cash used in operating activities for the twelve months ended December 31,
2018 was $2,787,949 which resulted primarily from net loss of $2,563,510,
depreciation of plant and equipment of $117,595, amortization of intangible
assets 1,459, and net change in operating assets and liabilities such as
decrease in trade and other receivables of $ 480,441 and increase in trade

and
other payables $136,948.



Investing Activities




Net cash used in investing activities for the twelve months ended December 31,
2019 was $8,923,474 primarily due to the acquisition of subsidiaries, net of
cash and cash equivalents acquired of $7,466,264, acquisition of other
investments of 361,951, acquisition of the intangible assets $378,406 and
acquisition of property, plant and equipment $716,853.



Net cash used in investing activities for the twelve months ended December 31,
2018 was $1,000,365 primarily due to the acquisition of subsidiaries, net of
cash and cash equivalents acquired of $998,365 and acquisition of other
investments of 2,000.



Financing Activities



Net cash provided by financing activities for the twelve months ended December
31, 2019 was $16,798,399 primarily due to cash received from Issuance of share
capital of $5,711,092, redemption of embedded conversion option liability of
$10,325,803, redemption of convertible notes payable, net of debt discount of
$97,880, repayment of hire purchase of $125, 619, drawdowns of loan and
borrowings ( net of repayment) of $ 1,157,530 and repayment to directors of
$172,527.



Net cash provided by financing activities for the twelve months ended December
31, 2018 was $4,025,462 primarily due to cash received from Issuance of share
capital of $1,391,955, proceeds from embedded conversion option liability of
$2,412,285 and proceeds from convertible notes payable, net of debt discount of
$221,222

We recorded $0 in cash and a decrease in cash of $319 due to the effect of foreign exchange rate changes on cash for the twelve months ended December 31, 2019 and 2018, respectively.


As a result of the above activities, we experienced a net increase in cash of $
364,045 and $ 236,829 for the twelve months ended December 31, 2019 and December
31, 2018, respectively.



Although the Company was able to obtain short term loans, there is no assurance
that the Company will continue to be able to raise capital at favorable terms,
and the ability to continue as a going concern is still dependent on its success
in obtaining additional financing from investors or from sale of our common

shares.



31

Critical Accounting Policies and Significant Judgments and Estimates





Our management's discussion and analysis of our financial condition and results
of operations is based on our financial statements which we have prepared in
accordance with U.S. generally accepted accounting principles. In preparing our
financial statements, we are required to make estimates and assumptions that
affect the reported amounts of assets and liabilities, the disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting periods. We
have identified the following accounting policies that we believe require
application of management's most subjective judgments, often requiring the need
to make estimates about the effect of matters that are inherently uncertain and
may change in subsequent periods. Our actual results could differ from these
estimates and such differences could be material.



Our significant accounting policies are described in more details in Note 2 of
our annual financial statements included in our Annual Report on Form 10-K filed
with the SEC on April 3, 2019.

Off-Balance Sheet Arrangements





We have not engaged in any off-balance sheet arrangements as defined in Item
303(c) of the SEC's Regulation S-B. We did not have any relationships with
unconsolidated organizations or financial partnerships, such as structured
finance or special-purpose entities that would have been established for the
purpose of facilitating off-balance sheet arrangements or other contractually
narrow or limited purposes.

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