UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

For the fiscal year endedDecember 31, 20182019

For the transition period from _____________ to ____________

Commission file number 000-55673

ANVIA HOLDINGS CORPORATION

(Exact name of small business issuer as specified in its charter)

1125 E Broadway #770, Glendale, CA 91205100 Challenger Road, Suite 830

Ridgefield Park, NJ 07660

(Address of principal executive offices) (Zip Code)

(323)-713-3244

(Issuer’s telephone number)

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 past 90 days. Yes [X][  ] No [  ][X]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [  ] No [X]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in the definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [  ]

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

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, non-accelerated filer or a small. See definition of “large accelerated filer, accelerated filer and smaller reporting Company” in Rule 12b-2 of the Exchange Act. (Check one):

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

Securities registered pursuant to Section 12(b) of the Act). Yes [  ] No [X]Act:

The aggregate market value of common stock held by non-affiliates of the registrant, computed by reference to the closing price of the registrant’s common stock on The OTCQB Market on June 30, 2018,27, 2019 ( the last day of the trading), as of the last business day of the registrant’s most recently completed second fiscal quarter was approximately $3,405,283.$ 23,350,608.50.

As of March 29, 2019,June 10, 2020, there were 41,905,42742,738,674 shares of Common Stock, $0.0001 par value, outstanding.

Documents Incorporated by Reference. None

TABLE OF CONTENTS

CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this Report includes some statements that are not purely historical and that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. These forward-looking statements relate to, among other things, expectations of the business environment in which we operate, perceived opportunities in the market and statements regarding our mission and vision. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You can generally identify forward-looking statements as statements containing the words “anticipates,” “believes,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “might,” “plans,” “possible,” “potential,” “predicts,” “projects,” “seeks,” “should,” “will,” “would” and similar expressions, or the negatives of such terms, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The forward-looking statements contained herein are based on various assumptions, many of which are based, in turn, upon further assumptions. Our expectations, beliefs and forward-looking statements are expressed in good faith on the basis of management’s views and assumptions as of the time the statements are made, but there can be no assurance that management’s expectations, beliefs or projections will result or be achieved or accomplished.

In addition to other factors and matters discussed elsewhere herein, the following are important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements: technological advances, impact of competition, dependence on key personnel and the need to attract new management, effectiveness of cost and marketing efforts, acceptances of products, ability to expand markets and the availability of capital or other funding on terms satisfactory to us. We disclaim any obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

For a discussion of the risks, uncertainties, and assumptions that could affect our future events, developments or results, you should carefully review the “Risk Factors” set forth under “Item 1. Description of Business” below. In light of these risks, uncertainties and assumptions, the future events, developments or results described by our forward-looking statements herein could turn to be materially different from those we discuss or imply.

PART I

Item 1. Description of Business.

Background

The Company, formerly known as Dove Street Acquisition Corporation, was incorporated in Delaware on July 22, 2016. The Company filed a registration statement on Form 10 with the Securities and Exchange Commission on August 9, 2016 and became a public reporting Company. In January 2017, Dove Street Acquisition Corporation changed its name to Anvia Holdings Corporation. On January 10, 2017, the Company effected a change of control with the resignation of the then officers and directors, redemption of 19,500,000 shares of the 20,000,000 outstanding shares of its common stock, the appointment of new officers and directors and the issuance of 5,000,000 shares of common stock, pro rata, to the new shareholders of the Company.

The Company has an authorized capitalization of 100,000,000 shares of common stock and 20,000,000 shares of preferred stock, of which 1,000 shares have been designated Series A Preferred Stock. The Company has a fiscal year end of December 31. As of the date of this registration statement, there are 41, 004,99442,850,405 shares of common stock of the Company issued and outstanding and 1000 shares of Series A Preferred Stock issued and outstanding.

The Company commenced operations in June 2017 and during the financial yearyears 2018 and 2019 it has completed respectively 11 and 7 acquisitions in Australia, Malaysia, Philippines and the United States. The product development during 2017 and 2018 as well as the acquisitions of the Company have positioned the Company as a global technology company for self and business improvement.Philippines. The company now owns a number ofseveral proprietary software, mobile applications, learning and educational tools to help consumers and businesses improve and grow. grow, education services, accounting& corporate advisory,financial planning, data center service.The Company`s state mission is to make potential growth accessible and sustainable.

Products/Services

Anvia offers the following products and services designed to make personal and business growth accessible and sustainable. They are as follow:

1.Personal improvement:

Anvia offers on demand coaching platforms. Anvia has a growing network of professional and certified coaches globally with at least 5 years of coaching experiences who are ready to deliver their service to the target consumers. As of today, we have established 3 coaching on demand platforms namely:

2.Education Services

Anvia have successfully acquired Xamerg Pty Ltd trading as The Eagle Academy, Global Institute of Vocational Education Pty Ltd, Pacific Rainbow English Academy in order to achieve its objective of providing a holistic education services to the target market. Of the hundreds of qualifications available in the Australian framework, the Company will specialize in providing 40 different qualifications that provides certifications I, II, III, IV, Diploma and Advanced Diploma in Business, leadership and management, English Language, Automotive, Management, Healthcare, Hairdressing, Fitness, as well as Sport and Recreation to mention a few. With that specialization in these areas, we believe that it will make Anvia stand out as a market leader in these niche qualifications.TheCompany is currently is looking for new acquisition targets in order to consolidate education portfolio in Australia and other markets we operate. The following is a detailed list of the qualifications offered by each asset

The Eagle Academy

Since its inception in 2003, The Eagle Academy has been the academy of choice for Australian and International students looking for a complete sport, fitness & recreation academy. The Eagle Academy aims to provide a high quality of teaching and coaching, in high quality surroundings, at a reasonable price, to give the students a distinct advantage over its competitors.

The Eagle Academy provides qualifications and courses as below:

Global Institute of Vocational Education Pty Ltd:

Global Institute of Vocational Education Pty Ltd, located in Melbourne, Australia, is a Registered Training Organization (RTO) under Australian Qualification Framework (AQF) by Australian Skills Quality Authority (ASQA). The current scope includes Diploma of Business, Safety Training. Global Institute is in the process of applying to add to qualification scope, all the relevant qualifications within construction sector.

Pacific Rainbow English Academy Inc:

The Company offers students the opportunities of gaining fluency in English in the Philippines. The mission is to ensure that students being fully immersed in English speaking environment. The academy offers the general English courses for beginners up to advance level course. All courses are 200 hours over 10 weeks, but students can enroll and begin anytime.

The courses are:

XSEED Pty Ltd

The company is an Australian company incorporated under the Australian Securities & Investment Commission and is a Registered Training Organization (RTO No. 21402) approved by the Australian Skills Quality Authority (“ASQA”).

The company is involved in the provision of vocational education training (“VET”) and offers courses that are for the Automotive and Hairdressing industries. Automotive courses are delivered under the registered business name Next Gear while hairdressing training courses are delivered under the registered business name Hair Assembly.

The Company holds a funding contract with the Victoria Government pursuant to the Skills First Program which is valid until 31 December 2019 and had approximately 521 students course commencements for the year 2018 and currently has 536 active students and a further 34 students in the process of registering / enrolling. The Business’ Head Office is located in the Melbourne Central Business District and employs 21 employees & contractors.

3.Professional Services

Anvia offers a number of professional services to small and medium companies by packaging consulting, coaching, learning and technology in a single package to offer customers a peace of mind. Some of the key parts of professional services includes:

A.Franchise Consulting

Through Entrepreneurs Culture Inc (ECI) Anvia offers turnkey franchise consultancy services for established businesses. These services have been offered to companies in Malaysia and South East Asia for more than 10 years. Our one stop shop approach to franchising enables our clients to not just develop, register, grow and expand their franchise but also to utilize our marketplace to promote their franchise system to people who want to be franchisees.Anvia has the necessary tools to help them monitor and grow their franchise operations by adopting a number of software and learning tools to help them succeed in their franchise journey.

B.Accounting & Corporate Advisory

During November 2018 and 2019, Anvia acquired Jamiesons Accounting Pty Ltd is anand Accounting Business Solutions Pty Ltd, both Australian chartered accounting firmfirms established since 2002.2002 and 2008 respectively. The Company providesCompanies provide a range of financial services to consumers and businesses across Australia and hashave numerous International clients who operate in Australia. As a public practicepractices registered under the Chartered Accountants in Australia and New Zealand, the CompanyCompanies serves more than 1500 individuals, small and medium companies, trusts and superannuation funds. Services offered include accounting, auditing, bookkeeping, Company formation, structuring and business planning, tax consulting, tax filing, corporate advisory services and financial planning services. Anvia also bought 60% of Acquire Insurance Group Pty Ltd, an Australian general insurance brokerage firm.

B.Financial Planning

During 2019 Anvia acquired Myplanner Professional Services Pty Ltd and My Managed Portfolio Pty Ltd.

Myplanner was established in 2009 and operates an Australian Financial Services Licence supporting more than 100 licensed financial advisers and accountants.

Myplanner provides all the services to integrated advisory practices to assist business owner financial advisers to provide objective advice to their clients, help them Grow their businesses, improve their efficiency, have a strong culture of Compliance, and assisting them with their own succession and exit strategy. In 2018 financial year closing 30 June, the company generated AUD $25 Million (approximately USD $18 Million).

My Managed Portfolio (MMP) is a scalable, cost effective and efficient platform for managing investments for both clients and advisers alike. MMP is a Managed Account Service for direct equities, managed funds, exchange traded funds, term deposits, property and other selected investments on a discretionary basis via a Managed Account Service. The current Funds Under Advice (FUA) within the group is AUD $155 million.

C.Recruitment Services

Anvia offers a unique placement and employment services for businesses by utilizing a complete ecosystem personality and competency assessment tools to identify suitable candidates for the positions they require to fill. Given the network of colleges that Anvia has, the placement services help employ our graduates upon graduation in the labour market and offer career opportunities to other people who are looking to improve their career.

D.Digital Content Development

During 2018 Anvia acquired three corporate learning companies namely Egnatium Learning, Sage Interactive and Workstar Technologies. All these companies specialize in designing, implementing and measuring blended learning for corporate market in Australia and South East Asia markets.Our offering has We offer a completecomprehensive range of adult learning, content development and digital platform delivery solutions since 2002.solutions.

The solutions we offer are based on real world situations that improvesand improve employee engagement, drive organizational change, enhance sales and product skills, improve Customer Service, and re-skillsre-skill employees.

Anvia developed a unique set of learning solutions and technologies to work seamlessly with our Clients LMS, or independently to deliver the learning on their mobile, tablet, desktop, via email, a Facebook feed, or face-to-face.

4.Software

During 2017, 2018 and 20182019 Anvia has developed and acquired a number of software and mobile applications used by consumers and businesses on a subscription basis. As of today, we have developed and commercialized the following software:

1.Human Resource Information System

AnviaHR Information System enables Client to serve their own employees by allowing HR activities and process to occur digitally, therefore freeing our Client’s time for more important and productive tasks. There are a number of solutions offered within the HR Information system. Some of these includes Solution in Payroll, HR and Compliance. HRIS allows clients to integrate all of the data points in single platform, enables clients to create more meaningful reports and analysis.

2.Learning Management System

The automation of the entire Learning Management process is the key to optimize organizational resources. Anvia offers holistic approach and highly interactive experiential learning to professionals and students. Anvia has strong team of Instructional Designers, Developers and Technical support to help Clients create and immersive learning experience that will engage and transform how people learn.

3.Strategy Management System

Anvia provides Clients with total visibility of how the business strategies are performing. With integrated balance scorecard tools, it allows Clients to constantly diagnose their business health from multiples perspectives and ensure the business is sustainable over times.

4.Competency Management System

Competency software enable the automation of competency assessment, allowing Clients to invest time interviewing and assessing only those candidates who meet the minimum competency levels. This system is able to reduce the hiring mistakes by eliminating or reducing the mismatch between skills required by the Organization and those available within the employee.

5.Appraisal Management System

Anvia effective Performance Management software help Client to create accurate, personalized employee reviews which align the employee’s goals and business goals. The system is capable to measure and track the employee’s performance against set target and regularly rating performance through summaries and reviews. The system has pre-build competencies and KPI library that allows clients to assemble the KPIs and competencies for the organization or they can import their existing KPIs and competencies.

6.Customer Loyalty Mobile Application

This customizable loyalty management system targets small and medium businesses who currently have a loyalty system using cards system or looking to establish one. The system allows brand to design, implement and launch loyalty mobile applications in Android and or IOS in days with the need to have coding and skills.

5.Data Center Services

In 2019 Anvia acquired Host Group of Companies Pty Ltd is an Australian company incorporated under the Australian Securities & Investment Commission. Since 1999, it operates a data center at the Brisbane Technology Park that offers cloud, dedicated, co-location and hosting services.

Host Networks also operates an Australian autonomous network comprised of a fully diverse, multi-homed, dual stack, redundant transit service spanning the eastern coast of Australia. This network further expands Anvia’s communications capabilities and enhances its education, e-learning, and professional services operations.

Marketing

In order to become competitive in the personal and business improvement space, the Company has taken steps to establish and number of digital marketing channels namely:

Intellectual Property

The Company through its subsidiaries has acquired and developed a number of intellectual properties in form of trademarks. The table below provides the list of current trademarks, classes, countries registered and expiry date for each trademark.

Industry Overview

Given the acquisitions throughout 2018 and 2019 the Company has diversified and operates in a number of services that span across software, education, data center services, professional services, personal improvement, and management consulting services.

Personal Improvement Industry

The total U.S. self-improvement market was worth $9.9 billion in 2016, constituting growth of just 4.3% since 2011. Growth was mainly hurt by weak performance in infomercials and commercial diet programs. We should see better 5.6% average yearly gains from 2016 to 2022, when the overall market value should increase to $13.2 billion.

Traditionally, the Baby Boomers have been the main consumers of self-improvement services. While they remain an important group, the tide is shifting. Millennials are the future for this market, but there are few young experts with the experience to serve them.

To cater to the younger audience, the Internet is playing a larger role in the self-improvement market. More content (such as MP3 downloads, e-books, webinars, online courses, “academies”, “universities” and “masterminds”, etc.) is being delivered online, while self-help apps are starting to take off.

Management Consulting Industry

Management consultants provide advice and assistance to organizations on strategic and organizational planning; financial planning and budgeting; marketing objectives and policies; human resource policies, practices and planning; production scheduling; and control planning. Over the five years to 2017, demand for management consulting services has increased, as stronger corporate profitability has increased global aggregate private investment. Furthermore, the emergence of China, India and other growing economies has opened new doors for consultants. Over the next five years, the industry is expected to continue expanding, but at a slower pace. Business in the United States will continue to grow, but sluggish corporate profit growth may slow overall industry growth. Meanwhile emerging economies are expected to hire consultants to strategize amid slowing growth conditions.

Industry Products

Industry Activities

Technical and Vocational Education and Training in Australia

Current Performance: Federal and state governments have introduced funding structures based on student demand which encouraged many private training organizations to enter this industry. Industry revenue is expected to grow by an annualized 1.3% over the five years through 2016-17, to $8.8 billion. Profitability has grown significantly over the past five years, responding changes in government funding and student demand, and aggressive advertising by industry providers. Increasing funding has incentivized existing firms to expand, which caused an upswing in establishment numbers over the past five years.

Market Trends: Despite the largest state governments significantly cutting funding to public VET providers, recurrent government funding to the industry has increased over the past five years. This increase is mainly attributable to federal efforts to pursue VET reform. The Federal Government, in partnership with state governments, has reiterated its promise to remedy the skills shortage in Australia. As part of the National Partnership Agreement on Skills Reform, the Federal Government has allocated the states and territories $1.8 billion over the five years through 2016-17, on top of $7.0 billion in base funding. This funding was offered on the condition that these governments meet several targets, such as reducing upfront costs for students and increasing private investment through loans for diplomas. The number of students accessing VET FEE-HELP rose from about from 55,000 in 2012 to more than 272,000 in 2015. VET FEE-HELP loans increased from $26.0 million in 2012 to more than $2.9 billion in 2015.

Private Providers: Policy changes have caused the industry to become demand-driven. These changes, along with the readily available student loans under the VET FEE-HELP scheme, have led to a significant increase in the number of private vocational education providers. Several private VET providers have pursued initial public offerings over the past five years. New Zealand based VET education Company listed on the ASX in May 2014, while Ashley Services Group and Australian Careers Network (ACN) began trading in August and December of that year, respectively.

Market Outlook: The Australian dollar is expected to appreciate over the next five years, potentially reducing revenue from international students. The industry is forecast to grow at an annualized 0.5% over the next five years, to reach $9.1 billion.

Competition

In Australia, technical and further education or TAFE system is largely state-based,state based, which means that each state has developed individual vocational education and training systems. The Federal Government is encouraging reform to develop a competitive and responsive national system. While the states coordinate their own TAFE systems and are a dominant influence in the industry, they are not major players. The following section outlines the two largest TAFE systems and the institutions.

TAFE NSW

In New South Wales, TAFE institutes are under the control of TAFE NSW. TAFE NSW incorporates 10 institutes, which are classified in this report as 10 separate enterprises, which operate 130 campuses throughout the state. The three biggest institutes are the Western Sydney Institute, Sydney Institute and South Western Sydney Institute. TAFE NSW enrolls more than 550,000 students. TAFE NSW increased its tuition fees by an average of 9.5% in 2013 and by a further 5.7% in 2014, in response to funding cuts from the NSW Government. Combined, TAFE NSW generated $1.9 billion in revenue in 2014-15, with 71.0%

Victorian Vocational Education and Training System

The Victorian style of management is more decentralized than its counterparts in other states, with no umbrella organization. The state’s VET sector consists of 18 public TAFE institutions and more than 1,300 private providers. In Victoria, four universities also offer TAFE-level courses: RMIT University, Victoria University of Technology and Swinburne University in Melbourne, and Federation University in Ballarat, VIC.

Government regulations

Certain aspects of our business activities are regulated by different government regulations in different countries we operate. The following is a summary of government regulations by country:

Australia

ASQA is the regulatory body for RTOs in the Australian Capital Territory, New South Wales, the Northern Territory, Queensland, South Australia and Tasmania.

ASQA also regulates providers in Victoria and/or Western Australia that:

Philippines

The Technical Education and Skills Development Authority (TESDA) serves as the Philippines’ Technical Vocational and Education training authority. As a government agency, TESDA is tasked to both manage and supervise the Philippines’ Technical Education and Skills Development.

TESDA is mandated to:

1. Integrate, coordinate and monitor skills development programs;

2. Restructure efforts to promote and develop middle-level manpower;

3. Approve skills standards and tests;

4. Develop an accreditation system for institutions involved in middle-level manpower development;

5. Fund programs and projects for technical education and skills development; and

6. Assist trainers training programs.

At the same time, TESDA is expected to:

1. Devolve training functions to local governments;

2. Reform the apprenticeship program;

3. Involve industry/employers in skills training;

4. Formulate a skills development plan;

5. Develop and administer training incentives;

6. Organize skills competitions; and

7. Manage skills development funds.

Major Industry Players

Below are the largest players in this industry ranked by market share:

Navitas Limited

Estimated market share: 5.0%

Navitas is an ASX-listed Company with numerous subsidiaries operating across the Education and Training division. Company operates three divisions: the professional and English programs division, university programs division and SAE. The Company has expanded rapidly overseas over the past five years, providing courses in the United Kingdom, Canada, the United States, Asia, the Middle East and Europe. In 2014-15, the Company generated 64.0% of its revenue in Australia In 2014-15, these divisions generated revenue of $185.5 million and $224.0 million, respectively

Australian Careers Network Ltd

Estimated market share: Less than 1.0%

Australian Careers Network Ltd (ACN) is a publicly listed Company that entered the Technical and Vocational Education and Training industry by acquiring Phoenix Institute of Australia Pty Ltd in January 2015. ACN has grown rapidly since listing on the ASX through acquisitions, access to the VET FEE-HELP funding model and expanding its student base. The Company generated revenue of $85.2 million in 2014-15, up 377.5% on the previous year. During the same year, it posted a profit margin of 29.7%. As at June 2015, the Company had 10 RTOs in more than 40 locations across Victoria, Queensland and New South Wales. Currently, the Company is under investigation for major fraudulent activities. Police raided the ACN’s offices in April 2016. This could open a large market opportunity for new entrants.

ANVIA Employees

As of December 31, 2018,2019, we had approximately 9284 employees across Australia, Malaysia & Philippine of whom approximately 89 were full-time employees and approximately 3 were part-time employees.

Philippine.

Subsidiaries

The Company owns 100% of the following subsidiaries as of March 29,April 30, 2019:

Anvia (Australia) Pty Ltd, an Australian corporation

Egnitus Inc., a Nevada corporation

Xamerg Pty Ltd, an Australian corporation

Entrepreneur Culture Inc. Sdn Bhd, a Malaysian corporation

Workstar Technologies Pty Ltd an Australian corporation

Doubleline Capital Sdn Bhd, a Malaysian corporation

Blue Pacific English Academy Inc., a Philippine corporation.

Egnitus Australia Pty Ltd

Egnitus Holdings Pty Ltd

Xseed Pty Ltd

Host Group of Companies Pty Ltd

My Managed Portfolio Pty Ltd

My Planner Professional Services Pty Ltd

Anvia Malaysia Sdn Bhd

Egnitus International (L) Ltd

Egnitus (M) Sdn Bhd

Sage Interactive Sdn Bhd

The Company also owns 51% of Jamiesons Accounting Pty Ltd anand Accounting Business Solutions Pty Ltd. In addition, it owns 60% of Acquire Insurance Brokers Pty Ltd. All those are Australian corporation

Legal Proceedings

There is no pending, threatened or actual legal proceedings in which the Company is a party.companies.

Emerging Growth Company

Anvia Holdings Corporation qualifies as an “emerging growth Company” as defined in the Jumpstart Our Business Startups Act which became law in April 2012. The definition of an “emerging growth Company” is a Company with an initial public offering of common equity securities which occurred after December 8, 2011 and has less than $1 billion of total annual gross revenues during last completed fiscal year. The disclosure regarding the Company and The Jumpstart Our Business Startups Act is incorporated herein by reference from the Form 10-12G filed on August 9, 2016.

Item 1A. Risk Factors.

Not Applicable toWe are a smaller reporting companies.company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

Item 1B. Unresolved Staff Comments.

None

Item 2. Properties.

Office and Retail Space

The principal executive offices of Anvia Holdings Corporation is in 20181125 E. Broadway,100 Challenger Road, Suite 770, Glendale, California 91205,830, Ridgefield Park, NJ 07660, and pays an annual fee of $99.$2,499.

Anvia Holdings Corporation through its acquisition now have 713 offices of which 6 resides11 are located in Australia, 1 in Malaysia and 1 in Malaysia.Philippine.

Australia Offices

Workstar Technologies Pty Ltd and its subsidiary Workstar Tech (Aus) Pty Ltd are located at Level 1, 235-239 Commonwealth Street, Surry Hills 2010 NSW, Australia. An annual rent of AUD121.737 areAUD 143,000 is paid Pursuant to the lease contract with Spira Pty Ltd.

Jamiesons Accounting Pty Ltd is located in Queensland at 92 Ashmore Road, Bundall Queensland, 4217 Australia. An annual rent of AUD108,000 wereAUD 108,000 is paid in 2018on 2019 pursuant to the lease contract with Ashprop Pty Ltd Atf The Ashprop Unit TrustTrust.

Xseed Pty. Ltd is located at Ground Floor Level 1,218-220 Albert Road, South Melbourne VIC 3305, Australia. An annual rent of AUD 208,785 is paid on 2019 pursuant to the lease contract with Western Institute of Technology.

Host Group of Companies Pty. Ltd. Is located at Unit 1 53 Brandl Street Eight Mile Plains QLD 4113. An annual rent of AUD 240,979 is paid on 2019 pursuant to the lease contract with Prima Security Ltd.

Myplanner Professional Services Pty. Ltd. Is located at Level 3, 26 Marine Parade Southport QLD 4215, Australia. An annual rent of AUD 79,725 is paid on 2019 pursuant to the lease contract with Paulyn Investments Pty Ltd.

Acquire Insurance Brokers Pty. Ltd. Is located at Suite 36/2, 8th Avenue, Palm Beach QLD 4221, Australia. The annual rent is AUD 44,400 pursuant to the lease contract with Grimsley Reid Pty Ltd. Date of commerce of this campus is on 1 July 2019.

Xamerg Pty Ltd also known as Eagle Academy have 45 campuses, which all located in Queensland.

Blue Pacific English Academy Inc is located at Escano Beach Piapi, Dumaguete City, 3th floor of Plaza Escano Center Building A, Philippine. An annual rent of Pesos 480,000 is paid on 2019 pursuant to the lease contract with Adelin Knitter.

Malaysia Office

Egnitus (M) Sdn Bhd is located in Kuala Lumpur, the Capital City of Malaysia. The office is in city center at Suites 34.02, level 34, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lampur. An annual rent of MYR228,600MYR231,686 were paid in 2018 persuant2019 pursuant to the lease contract with Inverfin Sdn Bhd.

Item 3. Legal Proceedings.Proceedings

On October 3, 2019, a lawsuit was filed by Auctus Fund, LLC (the “Plaintiff”) against the Company for non-payment of a Promissory Note entered into between the Plaintiff and the Company on March 15, 2019, in the amount of $250,000 plus interest and penalties. The lawsuit was filed in the United States District Court, District of Massachusetts, Case 1:19-cv-12055-ADB. The Company intends to vigorously defend this action. The lawsuit is in its preliminary stages and as of this date there has been no discovery initiated.

On October 3, 2019, a lawsuit was filed by Labrys Fund, LLC (the “Plaintiff”) against the Company for non-payment of a Promissory Note entered into between the Plaintiff and the Company on June 4, 2019, alleges damages of $2,070,000 plus attorney’s fees and costs. The lawsuit was filed in the United States District Court, District of Massachusetts, Case 1:19-cv-12477-PBS. The Company defended this action and paid it on May 29, 2020 based on the Settlement Agreement and Release from the District Court of Massachusetts. This agreement decided that Anvia Holdings Corporation should pay just the amount of $ 350,000.

The Company presentlyPlaintiff and Releasees acknowledge and agree that by executing this Settlement Agreement and Release, it is not a partyreleasing and forever discharging the Plaintiff and Releasees from all claims, demands, actions, suits, debts, causes of action, rights, damages, costs, expenses and compensation, arising out of the above captioned action including but in no way limited to nor is management aware of, any pending, legal proceedings.those claims which were or could have been asserted in the civil action.

Item 4. Mine Safety Disclosures.

Not Applicable.

PART II

Item 5. Market for Registrant’s Common Equity Related Stockholder Matters and Issuer Purchases of Equity Securities.

Market Information

Market Information

The trading in the Company’s Common Stock began on February 2, 2018. The Securities and Exchange Commission has adopted Rule 15g-9 which establishes the definition of a “penny stock,” for purposes relevant to the Company, as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, the rules require: (i) that a broker or dealer approve a person’s account for transactions in penny stocks and (ii) the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased. In order to approve a person’s account for transactions in penny stocks, the broker or dealer must (i) obtain financial information and investment experience and objectives of the person and (ii) make a reasonable determination that the transactions in penny stocks are suitable for that person and that person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks. The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prepared by the Commission relating to the penny stock market, which, in highlight form, (i) sets forth the basis on which the broker or dealer made the suitability determination and (ii) that the broker or dealer received a signed, written agreement from the investor prior to the transaction. Disclosure also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading, and about commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and the rights and remedies available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks.

Because of these regulations, broker-dealers may encounter difficulties in their attempt to buy or sell shares of our common stock, which may affect the ability of our shareholders to sell their shares in the secondary market and have the effect of reducing the level of trading activity in the secondary market. These additional sales practice and disclosure requirements could impede the sale of our common stock in the market place.marketplace. In addition, the liquidity for our common stock may be decreased, with a corresponding decrease in the price of our common stock. Our shares are likely to be subject to such penny stock rules for the foreseeable future.

On February 2, 2018, our common stock was approved for quotation on the OTC Markets under the symbol “ANVV”. The OTC Markets is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter equity securities. The OTC Markets securities are traded by a community of market makers that enter quotes and trade reports. This market is limited in comparison to the national stock exchanges and any prices quoted may not be a reliable indication of the value of our common stock.

On March 29, 2019, the price of our common stock reported on the OTC Markets was $3.13 per share. The following table sets forth, for each of the quarterly periods indicated, the high and low sales prices of our common stock, as reported on the OTCQB.

On June 27, 2019, the SEC suspended trading in the Company’s common stock. Although the suspension was lifted on July 12, 2019, the Company’s common stock has still not traded since that date. The company is currently working with a broker/dealer and FINRA to have its common stock commence trading in the near future.

Holders

There are approximately87 157 active holders of the Company’s Common Stock. This figure does not include holders of shares registered in “street name” or persons, partnerships, associates, corporations, or other entities identified in security position listings maintained by depositories.

Dividends

We have not declared any cash dividends on our common stock since our inception and do not anticipate paying any dividends in the foreseeable future. We plan to retain future earnings, if any, for use in our business. Any decisions as to future payments of dividends will depend on our earnings and financial position and such other facts, as the Board of Directors deems relevant.

Securities Authorized under Equity Compensation Plans

We do not have any equity compensation plans.The Companyhas 3,000,000 shares of common stock authorized under its 2019 Equity Incentive Plan.

Shares Available for Future Sale

Approximately93.9 92.3 % of all outstanding shares of our common stock are “restricted securities,” as that term is defined under Rule 144 promulgated under the Securities Act, because they were issued in a private transaction not involving a public offering. Accordingly, none of the outstanding shares of our common stock may be resold, transferred, pledged as collateral or otherwise disposed of unless such transaction is registered under the Securities Act or an exemption from registration is available. In connection with any transfer of shares of our common stock other than pursuant to an effective registration statement under the Securities Act, the Company may require the holder to provide to the Company an opinion of counsel to the effect that such transfer does not require registration of such transferred shares under the Securities Act.

Rule 144 is not available for the resale of securities initially issued by companies that are, or previously were, shell companies, like us, unless the following conditions are met:

On June 22, 2017, the Company notified the SEC by through the filing of a Form 8-K that is was no longer a “shell” corporation. In view of this, any time after June 22, 2018, and assuming the Company has been current in its required filings pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, and all other requirements set forth above are met, shareholders may utilize Rule 144 for the sale of their shares.

Repurchases of Equity Securities

None

Reports to Security Holders

In August 2016, the Company (as Dove Street Acquisition Corporation) filed a Form 10-12G general registration of securities pursuant to the Securities Exchange Act of 1934 and is a reporting Company pursuant such Act and files with the Securities and Exchange Commission quarterly and annual reports and management shareholding information. The Company intends to deliver a copy of its annual report to its security holders and will voluntarily send a copy of the annual report, including audited financial statements, to any registered shareholder who requests the same.

The Company’s documents filed with the Securities and Exchange Commission may be inspected at the Commission’s principal office in Washington, D.C. Copies of all or any part of the registration statement may be obtained from the Public Reference Section of the Securities and Exchange Commission, 100 F Street N.E., Washington, D.C. 20549. Call the Commission at 1-800-SEC-0330 for further information on the operation of the public reference rooms. The Securities and Exchange Commission also maintains a web site at http://www.sec.gov that contains reports, proxy statements and information regarding registrants that file electronically with the Commission. All of the Company’s filings may be located under the CIK number 0001681282.

Transfer Agent

VStock Transfer, LLC, located at 18 Lafayette Place, New York 11598 is the registrar and transfer agent for the Company’s common stock.

Recent Sales of Unregistered Securities

All sales of unregistered securities between October 1, 20182019 and the date of this Report were previously reported on the company’sCompany’s form 8-K’s filed with the SEC

Repurchases of Equity Securities

None

Additional Information

None

Item 6. Selected Financial Data.

Not required under Regulation S-K for “smaller reporting companies.”

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operation.

The following discussion and analysis is based on, and should be read in conjunction with, the unauditedaudited 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, 20182019 and 20172018

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 $(2,563,510)$3,356,216 for the twelve months ended December 31, 2018,2019, net cash flows used by operating activities was $(2,787,949),$7,510,880, working capital deficit of $(4,865,863)$9,433,896 and an accumulated deficit of $(2,848,437)$6,278,093 at December 31, 2018.

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.

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. TheDuring year 2019 has completed 7 acquisitions in Australia. Based on the product development during 2017, 2018 and 20182019 as well as the acquisitions by the Company have positionedthe Company as a global technology company for self and business improvement. The Company now owns a number ofseveral proprietary software, mobile applications, learning and educational tools to help consumers and businesses improve and grow. 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-ownedwholly owned subsidiary, Anvia Australia shall operate Anvia market and Anvia recruiters’ sites and business units in Australia and global markets.

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-partyunrelated 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:

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.

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, 20182019 included the operations of the Company, Anvia Holdings Corporation; Anvia Australia, Global Institute of Vocational Education operations, from the date of its acquisition June 11, 2018, Egnitus INC. January 1 2018– May 2019 as a common control situation,this company is dissolved on 28 May 2019, Entrepreneur Culture Inc Sdn. Bhd from the date of its acquisition October 23, 2018;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 November 29, 2018, Jamiesons AccountingMay 4, 2019; Host Group of Companies Pty Ltd from the date of its acquisition November 30, 2018; Doubleline Capital Sdn. BhdMay 14, 2019; Myplanner Professional Services Pty. Ltd. from the date of its acquisition December 10, 2018; Blue Pacific English Academy Inc.June 12, 2019; My Managed Portfolio Pty. Ltd from the date of its acquisition December 28, 2018; Doubleline Capital Sdn. Bhd.June 12, 2019; Accounting Business Solutions Pty Ltd (“ABS”) from the date of its acquisition DecemberJune 10, 2018 to Workstar Technologies2019; Acquire Insurance Brokers Pty Ltd from the date of its acquisition December 31, 2018 to December 31, 2018.June 25, 2019;

Revenues for the twelve months period ended December 31, 20182019 and 20172018 were $ 690,68014,245,425 and $ 434,908,690,680, respectively, earned by providing construction induction trainingseveral proprietary software, mobile applications, learning and white card for plumber position,educational tools to help consumers and providing consultingbusinesses improve and grow, education services, for placement services. accounting& corporate advisory,financial planning, data center service.Cost of revenue for providing construction induction trainingseveral proprietary software, mobile applications, learning and consultingeducational tools to help consumers and businesses improve and grow, education services, for development of building inspection processaccounting& corporate advisory,financial planning, data center service to customers were $ 80,3708,807,072 and $ 106,49280,370 for the twelve months ended December 31, 2019 and 2018, and 2017, respectively.

Revenues for the twelve months period ended December 31, 2018 and 2017 were $ 690,680 and $ 434,908, respectively, earned by providing construction induction training and consulting services for development of building inspection process to customers. Cost of revenue for the twelve months ended December 31, 2018 and 2017 for providing construction training and consulting services was $ 80,378 and $ 106,492, respectively.

Operating expenses for the twelve months ended December 31, 2019 and 2018 were $ 10,637,558 and 2017 were $1,908,585$1,357,024, respectively. Operating expenses for the twelve months ended December 31, 2019 primarily consisted of consulting and $465,679, respectively. 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 $1,315,147. Operating$1,102,465.

Other operating expenses for the twelve months ended December 31, 2017 consisted2019 and 2018 were $10,463,088 and (551,561) respectively. Other operating expenses consist of professional fees paid to consultants, fees paid to stock transfer agent, mealschange 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 lodging2018 which consists in a profit for the year 2019 and an expense and other general and administrative expenses totaling $ 465,679.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 expensesfinance 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 $1,828,980. Other expenses$1,277,417. Finance cost consisted impairment of intangible asset of $ 62,277 upon the acquisition of Global Institute of Vocational Education by Anvia Australia, 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

Other expense was offset by change in the fair value of the embedded conversion option liability of $ (551,562) at December 31, 2018 due to the change in the derivative instrument.

As a result of above, we recorded a net loss of (2,064,731) and $ (2,563,510)3,356,216 for the three months and twelve months ended December 31, 20182019 as compared to the net loss of $ and $141,9162,563,510 for the same comparable periods in 2017,2018, 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 compared to $11,424 at December 31, 2017.2018. As shown in the accompanying condensed consolidated financial statements, we recorded a net loss of $ (2,563,510)3,356,216 for the twelve months ended December 31, 2018.2019. Our working capital deficit at December 31, 20182019 was $ (4,865,863),9,433,896, net cash used bygenerated from operating activities was $(2,787,949),$7,510,880, and accumulated deficit was $(2,848,437).$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.

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:

Operating Activities

Net cash used bygenerated from operating activities for the twelve months ended December 31, 20182019 was $(2,787,949)$7,510,880 which resulted primarily from our net loss of $(2,563,510), Depreciation$3,356,216, depreciation of plant and equipment of $117,595, Amortization$638,435, amortization of intangible assets 1,459,$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 likesuch as decrease in trade and other receivables of $ (480,441)140,831 and Tradeincrease in trade and other payables $(136,948). $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),$2,787,949 which resulted primarily resulted from our net loss of $ (2,563,510),$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 $(343,493).

$ 480,441 and increase in trade and other payables $136,948.

Investing Activities

Net cash used in investing activities for the ninetwelve months ended September 30, 2018December 31, 2019 was $(1,000,365)$8,923,474 primarily due to the Acquisitionacquisition of subsidiaries, net of cash and cash equivalents acquired of $(998,365)$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).

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, Embeddedproceeds from embedded conversion option liability of $2,412,285 -Convertibleand proceeds from convertible notes payable, net of debt discount of 221,222 a$221,222

Net cash provided by financing activities for the twelve months ended December 31, 2017 was $ 610,780 primarily due to Issuance of share capital of $ 565,736 and repayment to advance from directors’ amount of 45,044.

We recorded $0 in cash and a decrease in cash of $ 319 and an increase of $0$319 due to the effect of foreign exchange rate changes on cash for the twelve months ended December 31, 20182019 and 2017,2018, respectively.

As a result of the above activities, we experienced a net increase in cash of $ 236,829364,045 and $11,424$ 236,829 for the twelve months ended December 31, 20182019 and December 31, 2017,2018, 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.

Off-balance Sheet ArrangementsCritical Accounting Policies and Significant Judgments and Estimates

SinceOur management’s discussion and analysis of our inception through December 31, 2018,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.

Recent Accounting Pronouncements

We have adopted all applicable recently issued accounting pronouncements. The adoptionarrangements as defined in Item 303(c) of the accounting pronouncementsSEC’s Regulation S-B. We did not have a material effect on our operations.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.

Item 7A. Quantitative and Qualitative Disclosures aboutAbout Market RiskRisks.

NotWe are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under Regulation S-K for “smaller reporting companies.”this item.

Item 8. Financial Statements and Supplementary Data

Our audited financial statements are set forth in this Annual Report beginning on page F-1.

FINANCIAL STATEMENTS AND EXHIBITS

INDEX TO FINANCIAL STATEMENTS

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

TheTo the Shareholders and Board of Directors and Stockholders of

Anvia Holdings CorporationCorporation.

100 Challenger Road, Suite 830

Ridgefield Park, NJ 07660

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Anvia Holdings CorporationsCorporation and its subsidiaries (“the Company”) as of December 31, 20182019 and 2017,2018, and the related consolidated statements of operations and comprehensive loss, stockholders’ equity, and cash flows for the each of two years in the year ended of December 31, 20182019 and 2017,2018, 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, 20182019 and 2017,2018, and the results of its operations and its cash flows for each of two years in the year ended December 31, 20182019 and 2017,2018, in conformity with accounting principles generally accepted in the United States of America.

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 audits. 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 audits 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 audits 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 audits 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 audits provide a reasonable basis for our opinion. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial statements presentation. We believe that our audit provides a reasonable basis for our opinion.

The accompanying financial statements have been prepared assuming that thethe Company incurredwill continue as a net loss of $2,536,510 forgoing concern. As discussed in Note 2 to the year ended December 31, 2018, incurred a net current liability of $4,856,863financial statements, the Company’s income from operations and an accumulated loss of $2,848,437 as of December 31, 2018.These mattersno operation raise substantial doubt about the Company’sits ability to continue as a going concern. Management’s plans in regard to theseregarding those matters also are also described in Note 1 to the financial statements. These2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Kuala Lumpur, Malaysia

Date: July 2, 2020

ANVIA HOLDINGS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(Amount expressed in United States Dollars (“US$”), except for number of shares)

See accompanying notes to financial statements

ANVIA HOLDINGS CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Amount expressed in United States Dollars (“US$”), except for number of shares)

See accompanying notes to financial statements

ANVIA HOLDINGS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amount expressed in United States Dollars (“US$))

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY/(DEFICIT)

(Amount expressed in United States Dollars (“US$))

See accompanying notes to financial statements.

ANVIA HOLDINGS CORPORATION

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY/(DEFICIT)EQUITY

(Amount expressed in United States Dollars (“US$))