0001394108 false true FY 2023 --12-31 true

 1731996 42761

 SUIC:ConvertiblePromissoryNote1Member

 2018-10-01

 SUIC:ConvertiblePromissoryNote2Member

 2019-12-01

 SUIC:ConvertiblePromissoryNote3Member

 2020-01-29

 SUIC:ConvertiblePromissoryNote4Member

 2020-06-01

 SUIC:ConvertiblePromissoryNote5Member

 2020-07-01

 SUIC:ConvertiblePromissoryNote6Member

 2020-12-01

 SUIC:ConvertiblePromissoryNote7Member

 2021-01-22

 SUIC:ConvertiblePromissoryNote8Member

 2021-06-01

 SUIC:ConvertiblePromissoryNote9Member

 2021-08-25

 SUIC:ConvertiblePromissoryNote10Member

 2021-12-28

 SUIC:ShortTermDebt1Member

 SUIC:ShortTermDebt2Member

 2022-03-29

 SUIC:ShortTermDebt3Member

 2022-08-23

 SUIC:ShortTermDebt4Member

 2022-12-16

 SUIC:ShortTermDebt5Member

 2022-12-21

 UNITED
STATES

 SECURITIES
AND EXCHANGE COMMISSION

 Washington,
D.C. 20549

 FORM

 ANNUAL
 REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
the fiscal year ended December 31, 2023

 OR

 TRANSITION
 REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES AND EXCHANGE ACT OF 1934

 For
transition period ___ to ____

 Commission
file number: 000-53737

 SUIC

 (Name
of registrant in its charter)

 Nevada

 47-2148252

 (State
 or jurisdiction of incorporation or organization)

 (IRS
 Employer Identification No.)

 136-20
38th Ave. Unit 3G,

 Flushing,
 NY 11354

 (Address
of principal executive offices)

 (929) 391-2550

 (Registrant's
telephone number)

 SECURITIES
REGISTERED PURSUANT TO SECTION 12(B) OF

 THE
EXCHANGE ACT:

 None.

 SECURITIES
REGISTERED PURSUANT TO SECTION 12(G) OF

 THE
EXCHANGE ACT:

 None.

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

 Check
whether the issuer is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. Yes No

 Check
whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
past 12 months (or for such shorter periods that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes
 No

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 (§232.405 of this chapter) during the preceding
12 months (or for such shorter period that the registrant was required to submit and post such files). Yes No

 Check
if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-K contained in this form, and no disclosure will
be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part
III of this Form 10-K or any amendment to this Form 10-K.

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company"
in Rule 12b-2 of the Exchange Act.

 Large
 accelerated filer

 Accelerated
 filer

 Non-accelerated
 filer

 Smaller
 reporting company

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 Emerging
growth company

 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.

 by checkmark whether the registrant has filed a report on and attestation to its management's
 assessment of the effectiveness of its internal control over financial reporting under Section
 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting
 firm that prepared or issued its audit report.

 If securities are registered
pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing
reflect the correction of an error to previously issued financial statements.

 Indicate by check mark
whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by
any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

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

 As
of December 31, 2023, the aggregate market value of the shares of the Registrant's common stock held by non-affiliates (based upon
the closing price of such shares as reported on the OTC Bulletin Board was approximately $ 10,923,755 (5,201,788 shares at $2.10 per share).

 As
of December 31, 2023, 11,356,638 shares of the Company's common stock, $0.01 par value, were issued and outstanding

 PART
 I

 Item 1.

 Business

 Item 1A

 Risk Factors

 Item 1B.

 Unresolved Staff Comments

 Item 2.

 Properties

 Item 3.

 Legal Proceedings

 Item 4.

 Mine and Safety Disclosures

 PART
 II

 Item 5.

 Market for Registrant's
 Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

 Item 6.

 Selected Financial Data

 Item 7.

 Management's Discussion
 and Analysis of Financial Condition and Results of Operations

 Item7A.

 Quantitative and Qualitative
 Disclosures About Market Risk

 Item 8.

 Financial Statements and
 Supplementary Financial Data

 Item 9.

 Changes in and Disagreements
 With Accountants on Accounting and Financial Disclosure

 Item 9A

 Controls and Procedures

 Item 9B.

 Other Information.

 PART
 III

 Item 10.

 Directors, Executive Officers
 and Corporate Governance

 Item 11.

 Executive Compensation

 Item 12.

 Security Ownership of Certain
 Beneficial Owners and Management and Related Stockholder Matters

 Item 13.

 Certain Relationships and
 Related Party Transactions, and director independence

 Item 14.

 Principal Accountant Fees
 and Services

 PART
 IV

 Item 15.

 Exhibits, Financial Statements,
 Schedules

 SIGNATURES

 Forward-Looking

contained in this Annual Report include "forward-looking statements" within the meaning of such term in Section 27A of the
Securities Act and Section 21E of the Exchange Act. Forward-looking statements involve known and unknown risks, uncertainties and other
factors which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking
statements not to occur or be realized. Forward-looking statements made in this Report generally are based on our best estimates of future
results, performances or achievements, predicated upon current conditions and the most recent results of the companies involved and their
respective industries. Forward-looking statements may be identified by the use of forward-looking terminology such as "may,"
"will," "could," "should," "project," "expect," "believe," "estimate,"
"anticipate," "intend," "continue," "potential," "opportunity" or similar
terms, variations of those terms or the negative of those terms or other variations of those terms or comparable words or expressions.
Potential risks and uncertainties include, among other things, such factors as:

 •

 our
 heavy reliance on limited number of consumers;

 •

 Strong
 competition in our industry;

 •

 increases
 in our raw material costs; and

 •

 an
 inability to fund our capital requirements.

 Additional
disclosures regarding factors that could cause our results and performance to differ from results or performance anticipated by this
annual report are discussed in Item 1A. "Risk Factors." Readers are urged to carefully review and consider the various disclosures
made by us in this annual report and our other filings with the SEC. These reports attempt to advise interested parties of the risks
and factors that may affect our business, financial condition and results of operations and prospects. The forward-looking statements
made in this annual report speak only as of the date hereof and we disclaim any obligation to provide updates, revisions or amendments
to any forward-looking statements to reflect changes in our expectations or future events.

 PART
I

 ITEM 1.

 BUSINESS

 SUIC
Worldwide Holdings Ltd (SUIC) is a Nevada corporation incorporated on August 30, 2006, under the name Gateway Certifications, Inc. On
November 16, 2009, our corporate name was changed to American Jianye Greentech Holdings, Ltd. On February 13, 2014, our corporate name
was changed to AJ Greentech Holdings, Ltd. and on July 17, 2017, our corporate name was changed to Sino United Worldwide Consolidated
Ltd. On November 9, 2022, our corporate name was changed to SUIC Worldwide Holdings Ltd.

 From
November 2009 until October, 2013, through our China and Taiwan subsidiaries, we were engaged in renewable energy business. From October
2013 until September 2017, through our Taiwan subsidiary, we were engaged in the driving record management system (DMS) business. Both
Subsidiaries were spun off through stock transfer and debt cancellation for the best interest of shareholders.

 From
2018 to present, the Company focused in products and services that adopt IT, cloud computing, mobile payments, Big Data, Blockchain and
AI, and other new and exciting business models that will create revolutionary products and services. From 2020 to present, the Company
through promissory notes becomes major creditor and stakeholder in Beneway Holdings Group (its corporate name was changed from Sinoway
International Corp.). As of December 31, 2023, Midas Touch Technology Co. Ltd. had nominal operations and nominal assets.

 The
Company works with Beneway Holdings Group ("Beneway") in several new business ventures with focus on the following fields:

 •

 Fintech -
 Through Boom Fintech, the major subsidiary of Beneway USA, the company holds nine revolutionary fintech patents. Boom Fintech integrates
 payment systems, electronic invoice devices, mobile cash registers, POS system devices and ERP, as well as Big Data, AI and other
 services, to all-in-one products that provide standardized intellectual property that's modular to all industries, from chain
 department stores to night market vendors. Beneway Holdings Group connects borrowers and lenders, building strategic partnerships
 by bridging the various stakeholders to provide a holistic financial delivery ecosystem and to integrate advanced systems and finance
 its global merchants and franchisees.

 •

 Food
 Industry Supply Chain Integration – SUIC and Beneway will partner with international trade financiers to support the huge
 demand for raw material import/export between the U.S. and Asia. SUIC and Beneway are looking to raise funds from an IPO and the
 capital markets to support mergers and acquisitions of U.S. mid- and upper-stream food industry suppliers.

 •

 Global Chain &
 Franchise Expansion –Through I.Hart catering group, SUIC and Beneway are working to bring reputable and distinguished
 overseas food product brands to the U.S. and around the world. It is working on integrating more successful chains to enter
 the U.S. chain and franchise market in all 50 states. It is replicating its successful multi-branding business model and teaming
 up with top U.S. real estate firms, shopping malls and associated groups for faster expansion.

 •

 Other
 Supply Chain Integration - Beneway has identified several additional industries for future expansion, including medical and
 health care, high-tech digital AI systems, environmental protection and energy-related production.

 Our
Business Model and Objectives

 The
Company will continue to strengthen our competencies in research and development, venture financing for investing in the private enterprises
and the public sector to develop products and services that adopt IoT, cloud computing, mobile payments, Big Data, Blockchain and AI,
and other new and exciting business models that will create revolutionary products and services.

 Competitive
Advantages

 The
Company focuses on small and micro-cap companies with traditionally difficult access to capital. We provide specialized consulting services
to help companies operate in the public markets. Our management team is experienced in risk management and exit planning. The Company's
competitive advantages include a global business network of investment and financial professionals who are integrated into our fintech
ecosystem. In summary, our services and capital speed up the development and commercialization of our customers' products.

 Material Agreements

 The company
has signed several franchise brand and distribution contracts. Please refer to subsequent events.

 Employees

 The company
currently has 6 partners and employees in the Taiwan office, 1 director and employee in the Malaysian office and 2 partner and employee
in the U.S. office.

 ITEM 1A.

 RISK
 FACTORS

 Risks
Related to Our Organization, Structure and Business

 You
should carefully consider the risks described below before buying our common stock. If any of the risks described below actually occurs,
that event could cause the trading price of our common stock to decline, and you could lose all or part of your investment.

 Downturns
in general economic and market conditions could materially and adversely affect our business.

 The
IT-communications, mobile apps and blockchain industries are most susceptible to, and greatly affected by economic downturns and policy
uncertainties. We have encountered and will continue to encounter risks and difficulties frequently experienced by growing companies
in rapidly changing industries, including increased expenses as we continue to grow our business. If we do not manage these risks and
overcome these difficulties successfully, our business will suffer.

 If
we are not able to compete effectively with other competitors, our prospects for future growth will be jeopardized.

 There
is significant competition in both the software industry and the blockchain industry with more established companies. We are not only
competing with other software and blockchain providers but also with companies offering different kind of software and blockchain solutions,
which are usually more established and have greater resources to devote to research and development, manufacturing and marketing than
we have. Our competitors may promote these software and blockchain solutions which are more readily accepted by customers than our products
and maybe required to reduce the prices of our products in order to remain competitive. Our competitors may also seek to use
our financial difficulties in marketing against us.

 Our
board of directors may change our investment or operation objectives and strategies without shareholders' consent.

 Our
board of directors determines our major policies, including decisions regarding financing, growth, debt capitalization, distributions
and other material events. Our board of directors may amend or revise these and other policies without a vote of the shareholders. Under
our Articles of Incorporation and Bylaws, our directors generally have a right to vote only on the following matters:

 •

 the
 election or removal of director;

 •

 the
 amendment of our charter, except that our board of directors may amend our charter without shareholders' approval to:

 •

 change
 our name;

 •

 change
 the name or other designation or the par value of the Common Stock;

 •

 increase
 or decrease the aggregate number of Common Stock that we have the authority to issue;

 •

 increase
 or decrease the number of our Common Stock that we have the authority to issue;

 •

 effect
 certain reverse Common Stock splits;

 •

 our
 liquidation and dissolution;

 •

 our
 being a party to a merger, consolidation, sale or other disposition of all or substantially all of our assets or statutory merger
 or acquisition.

 All
other matters are subject to the discretion of our board of directors.

 We
may be unable to attract and retain qualified, experienced, highly skilled personnel, which could adversely affect the implementation
of our business plan.

 Our
success depends to a significant degree upon our ability to attract, retain and motivate skilled and qualified personnel. As we become
a more mature company in the future, we may find recruiting and retention efforts more challenging. If we do not succeed in attracting,
hiring and integrating excellent personnel, or retaining and motivating existing personnel, we may be unable to grow effectively. The
loss of any key employee or contractor, including shareholders of our senior management team, and our inability to attract highly skilled
personnel with sufficient experience in our industries could harm our business.

 Currency
fluctuations may adversely affect our operating results.

 Company
generates revenues and incurs expenses and liabilities in foreign currency. However, it will report its financial results in the United
States in U.S. Dollars. As a result, our financial results will be subject to the effects of exchange rate fluctuations between these
currencies. Any events that result in a devaluation of the foreign currency versus the U.S. Dollar will have an adverse effect on our
reported results. We have not entered into agreements or purchased instruments to hedge our exchange rate risks.

 We
are not likely to hold annual shareholder meetings in the near future.

 Management
does not expect to hold annual meetings of shareholders in the near future, due to the expense involved. The current members of the Board
of Directors were appointed to that position by the previous directors. If other directors are added to the Board in the future, it is
likely that the current directors will appoint them.

 Risks
Related to Our Stockholders and Purchasing Shares of Common Stock

 Your
percentage of ownership may become diluted if we issue new Common Stock or other securities.

 Our
board of directors is authorized, without your approval, to cause us to issue additional Common Stock to raise capital through the issuance
of Common Stock (including equity or debt securities convertible into Common Stock), and other rights, on terms and for consideration
as our board of directors in its sole discretion may determine. Any such issuance could result in dilution of the equity of our shareholders.

 We
have not voluntarily implemented various corporate governance measures.

 Federal
legislation, including the Sarbanes-Oxley Act of 2002, has resulted in the adoption of various corporate governance measures designed
to promote the integrity of the corporate management and the securities markets. Some of these measures have been adopted in response
to legal requirements. Others have been adopted by companies in response to the requirements of national securities exchanges, such as
the NYSE or The NASDAQ Stock Market, on which their securities are listed. Among the corporate governance measures that are required
under the rules of national securities exchanges are those that address board of directors' independence, audit committee oversight
and the adoption of a Code of Ethics. Our board of directors expects to adopt a Code of Ethics at a future board meeting. The Company
has not adopted exchange-mandated corporate governance measures and, since our securities are not listed on a national securities exchange,
we are not required to do so. It is possible that if we were to adopt some or all of these corporate governance measures, stockholders
would benefit from somewhat greater assurances that internal corporate decisions were being made by disinterested directors and that
policies had been implemented to define responsible conduct. For example, in the absence of audit, nominating and compensation committees
comprised of at least a majority of independent directors, decisions concerning matters such as compensation packages to our senior officers
and recommendations for director nominees may be made by a majority of directors who have an interest in the outcome of the matters being
decided. Prospective investors should bear in mind our current lack of corporate governance measures in formulating their investment
decisions.

 We
may be exposed to potential risks relating to our internal control over financial reporting.

 As
directed by Section 404 of the Sarbanes-Oxley Act of 2002 ("SOX 404"), the SEC has adopted rules requiring public companies
to include a report of management on the Company's internal control over financial reporting in its annual reports. While we expect
to expend significant resources in developing the necessary documentation and testing procedures required by SOX 404, there is a risk
that we will not comply with all of the requirements imposed thereby. At present, there is no precedent available with which to measure
compliance adequately. In the event we identify significant deficiencies or material weaknesses in our internal control over financial
reporting that we cannot remediate in a timely manner, investors and others may lose confidence in the reliability of our financial statements
and our ability to obtain equity or debt financing could suffer.

 We
have a large number of authorized but unissued shares of our common stock.

 We
have a large number of authorized but unissued shares of common stock, which our management may issue without further stockholder approval,
thereby causing dilution of your holdings of our common stock. Our management will continue to have broad discretion to issue shares
of our common stock in a range of transactions, including capital-raising transactions, mergers, acquisitions and other transactions,
without obtaining stockholder approval, unless stockholder approval is required. If our management determines to issue shares of our
common stock from the large pool of authorized but unissued shares for any purpose in the future, your ownership position would be diluted
without your further ability to vote on that transaction.

 Shares
of our common stock may continue to be subject to illiquidity because our shares may continue to be thinly traded and may never become
eligible for trading on a national securities exchange.

 While
we may at some point be able to meet the requirements necessary for our common stock to be listed on a national securities exchange,
we cannot assure you that we will ever achieve a listing of our common stock on a national securities exchange. Our shares will only
eligible for quotation on the OTC Markets, which is not an exchange. Initial listing on a national securities exchange is subject to
a variety of requirements, including minimum trading price and minimum public "float" requirements, and could also be affected
by the general skepticism of such markets concerning companies that are the result of mergers with inactive publicly-held companies.
There are also continuing eligibility requirements for companies listed on public trading markets. If we are unable to satisfy the initial
or continuing eligibility requirements of any such market, then our stock may not be listed or could be delisted. This could result in
a lower trading price for our common stock and may limit your ability to sell your shares, any of which could result in you losing some
or all of your investments.

 The
market valuation of our business may fluctuate due to factors beyond our control and the value of your investment may fluctuate correspondingly.

 The
market valuation of emerging growth companies, such as us, frequently fluctuate due to factors unrelated to the past or present operating
performance of such companies. Our market valuation may fluctuate significantly in response to a number of factors, many of which are
beyond our control, including:

 i.

 changes
 in securities analysts' estimates of our financial performance, although there are currently no analysts covering our stock;

 ii.

 fluctuations
 in stock market prices and volumes, particularly among securities of emerging growth companies;

 iii.

 changes
 in market valuations of similar companies;

 iv.

 announcements
 by us or our competitors of significant contracts, new technologies, acquisitions, commercial relationships, joint ventures or capital
 commitments;

 v.

 variations
 in our quarterly operating results;

 vi.

 fluctuations
 in related commodities prices; and

 vii.

 additions
 or departures of key personnel.

 As
a result, the value of your investment in us may fluctuate.

 We
have never paid dividends on our common stock.

 We
have never paid cash dividends on our common stock and do not presently intend to pay any dividends in the foreseeable future. Investors
should not look to dividends as a source of income.

 In
the interest of reinvesting initial profits back into our business, we do not intend to pay cash dividends in the foreseeable future.
Consequently, any economic return will initially be derived, if at all, from appreciation in the fair market value of our stock, and
not as a result of dividend payments.

 ITEM
 1B.

 UNRESOLVED
 STAFF COMMENTS

 Not
applicable for smaller reporting companies.

 ITEM
 2.

 PROPERTIES

 Our
company has a rental office which is located at 136-20 38th Ave. Unit 3G Flushing, NY 11314, USA. Telephone no. is 929-391-2550.

 ITEM
 3.

 LEGAL
 PROCEEDINGS

 None.

 ITEM
 4.

 MINE
 AND SAFETY DISCLOSURES

 Not
Applicable.

 PART
II

 ITEM 5.

 MARKET
 FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

 Market
for Our Common Stock

 The
following table sets forth, for the periods indicated, the high and low closing prices of our common stock. These prices reflect inter-dealer
prices, without retail mark-up, mark-down or commission, and may not represent actual transactions.

 Closing
 Prices (1)

 High

 Low

 Year
 Ended December 31, 2023

 1st Quarter

 $

 7.500

 $

 2.000

 2nd Quarter

 $

 2.900

 $

 1.260

 3rd Quarter

 $

 3.000

 $

 0.950

 4th Quarter

 $

 2.750

 $

 1.370

 Year
 Ended December 31, 2022

 1st Quarter

 $

 0.4500

 $

 0.4500

 2nd Quarter

 $

 0.3500

 $

 0.3100

 3rd Quarter

 $

 0.3100

 $

 0.1800

 4th Quarter

 $

 0.2360

 $

 0.2000

 (1)

 The
 above tables set forth the range of high and low closing prices per share of our common stock as reported by OTC Bulletin Board and
 the Pink Sheets, as applicable, for the periods indicated.

 Approximate
Number of Holders of Our Common Stock

 On
December 31, 2023, there were approximately 108 stockholders of record of our common stock.

 Dividend
Policy

 The
Company has not declared or paid cash dividends or made distributions in the past, and we do not anticipate that we will pay cash dividends
or make distributions in the foreseeable future. We currently intend to retain and reinvest future earnings, if any, to finance our operations.

 Recent
Sales of Unregistered Securities

 None.

 Repurchase
of Equity Securities.

 There
is no sale of unregistered securities during the fiscal year ending December 31, 2023.

 Securities
Authorized for Issuance under Equity Compensation Plans

 We
currently do not have any equity compensation plans.

 Item
 5.03

 Amendment
 to Articles of Incorporation or Bylaws; Change in Fiscal Year

 On
January 24, 2019, we filed a certificate of designation setting forth the rights, preferences and privileges of a new series of preferred
stock designated as the series A convertible preferred stock and series C convertible preferred stock. Each share of series A preferred
stock is convertible into 50 shares of common stock and each share of series C preferred stock is convertible into 20 shares of common
stock.

refer to 8-K filed on January 30, 2019.

 On
July 16, 2021, the Company filed a Certificate of Amendment with the Secretary of State of Nevada changing the name of the Company to
SUIC Worldwide Holdings Ltd. The change of name was effective on November 9, 2022 upon FINRA Approval. No other change was made to the
Certificate of Incorporation.

refer to 8-K filed on July 16, 2022.

 On
March 30, 2023, the Board of Directors of the Company appointed Esther Jou as Chief Executive Officer of the firm.

refer to 8-K filed on March 31, 2023.

 On
July 3, 2023, the Board of Directors authorized the submission of a Certificate of Change/Amendment to the Nevada Secretary of State
in which the Company sought to affect a reverse split of its common stock at the rate of 1 for 10 for the purpose of increasing the per
share price for the Company's stock in an effort to attract future investors who might otherwise shy away from a good company because
of its low stock price.

 The
reverse split of SUIC Worldwide Holdings Ltd. common stock at a ratio of 1 for 10, was declared effective by FINRA with a Daily List
Announcement Date of July 24, 2023, and a Market Effective Date of July 25, 2023. A "D" was placed on the Company's
ticker symbol for 20 business days after the Market Effective Date. After 20 business days, the symbol reverted back to the original
symbol (SUIC).

 Upon the reverse split became
effective, the company revised its outstanding shares and recalculated EPS with adjusting the computations of basic and diluted EPS retroactively
for all periods presented to reflect that change in capital structure. Thus, as of December 31, 2023, in consideration of months fraction
factor, the basic weight average shares outstanding is 4,125,300 and diluted weight average shares outstanding is 283,125,300.

refer to 8-K filed on July 24, 2023.

 On
August 15, 2023, the Company changed CEO from Esther Jou to Hanwei Wang and planned to grant stock award of 2,000 shares for one year
services. Deferred compensation (contra-equity) will be recognized based on the stock price on grant date.

 No
Form 8-K was filed for the appointment of the new CEO.

 On
October 30, 2023, the Board of Directors of the Company appointed Mr. Kuo Yu-Chieh as Chairman of the Board of Directors.

refer to 8-K filed on October 30, 2023.

 ITEM
 6.

 SELECTED
 FINANCIAL DATA

 Not
applicable for smaller reporting companies.

 ITEM
 7.

 MANAGEMENT'S
 DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

 This
Annual Report contains forward-looking statements within the meaning of the federal securities laws. These include statements about our
expectations, beliefs, intentions or strategies for the future, which we indicate by words or phrases such as "anticipate,"
"expect," "intend," "plan," "will," "we believe," "management believes" and
similar language. The forward-looking statements are based on the current expectations of the Company and are subject to certain risks,
uncertainties and assumptions, including those set forth in the discussion under "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in this report. Actual results may differ materially from results anticipated in these forward-looking
statements. We base the forward-looking statements on information currently available to us, and we assume no obligation to update them.

 Investors
are also advised to refer to the information in our previous filings with the Securities and Exchange Commission (SEC), especially on
Forms 10-K, 10-Q and 8-K, in which we discuss in more detail various important factors that could cause actual results to differ from
expected or historic results. It is not possible to foresee or identify all such factors. As such, investors should not consider any
list of such factors to be an exhaustive statement of all risks and uncertainties or potentially inaccurate assumptions.

 Overview

 From
2018 to present, the Company focused in products and services that adopt IT, cloud computing, mobile payments, Big Data, Blockchain and
AI, and other new and exciting business models that will create revolutionary products and services. From 2020 to present, the Company
through promissory notes becomes major creditor and stakeholder in Beneway Holdings Group (its corporate name was changed from Sinoway
International Corp.). As of December 31, 2023, Midas Touch Technology Co. Ltd., had nominal operations and nominal assets. The company
works with Beneway Holdings Group in several new business ventures with focus on the following fields:

 •

 Fintech -
 Through Boom Fintech, the major subsidiary of Beneway USA, the company holds nine revolutionary fintech patents. Boom Fintech integrates
payment systems, electronic invoice devices, mobile cash registers, POS system devices and ERP, as well as Big Data, AI and other services,
to all-in-one products that provide standardized intellectual property that's modular to all industries, from chain department
stores to night market vendors. Beneway Holdings Group connects borrowers and lenders, building strategic partnerships by bridging the
various stakeholders to provide a holistic financial delivery ecosystem and to integrate advanced systems and finance its global merchants
and franchisees.

 •

 Food
 Industry Supply Chain Integration – SUIC and Beneway will partner with international trade financiers to support the huge
demand for raw material import/export between the U.S. and Asia. SUIC and Beneway are looking to raise funds from an IPO and the capital
markets to support mergers and acquisitions of U.S. mid- and upper-stream food industry suppliers.

 •

 Global Chain &
Franchise Expansion –Through I.Hart catering group, SUIC and Beneway are working to bring reputable and distinguished overseas
food product brands to the U.S. and around the world. It is working on integrating more successful chains to enter the U.S. chain
and franchise market in all 50 states. It is replicating its successful multi-branding business model and teaming up with top U.S. real
estate firms, shopping malls and associated groups for faster expansion.

 •

 Other
Supply Chain Integration - Beneway has identified several additional industries for future expansion, including medical and health
care, high-tech digital AI systems, environmental protection and energy-related production.

 Certain
amounts in last year's financial statements have been reclassified to conform to current year presentation.

 Our
Business Model and Objectives

 The Company will continue to strengthen our competencies
in research and development, venture financing for investing in the private enterprises and the public sector to develop products and
services that adopt IoT, cloud computing, mobile payments, Big Data, Blockchain and AI, and other new and exciting business models that
will create revolutionary products and services.

 Competitive
Advantages

 The Company focuses on small and micro-cap companies
with traditionally difficult access to capital. We provide specialized consulting services to help companies operate in the public markets.
Our management team is experienced in risk management and exit planning. The Company's competitive advantages include a global business
network of investment and financial professionals who are integrated into our fintech ecosystem. In summary, our services and capital
speed up the development and commercialization of our customers' products.

 Material
Agreements

 The company has signed several franchise brand and
distribution contracts. Please refer to subsequent events.

 Results of Operations

 Years
ended December 31, 2023 and 2022.

 Revenue

 The
Company recognized $150,000 and $221,000 of revenue from continuing operation during the year ended December 31, 2023 and 2022, respectively.
Our revenue from continuing operation were generated from the I.T. management consulting services.

 Other
income from Cancellation of Liability

 The
Company cancelled the accrued salaries of $30,000 of CEO Yanru Zhou.

 Cost
of Revenues

 Cost
of revenues from continuing operations were $30,000.00 and $82,143 for the years ended December 31, 2023 and 2022, respectively. The
cost of revenues were direct fees related to our I.T. management consulting services.

 General
and Administrative Expenses

 General
and administrative expenses from continuing operations were $100,368 and $64,364 for the years ended December 31, 2023 and 2022, respectively.
The increase was primarily due to the increase in professional fees paid for marketing activities.

 Bad
Debts expense

 Bad
debts expenses were $0.00 and $105,000 for the year ended December 31, 2023 and 2022 which included the uncollectible accounts of iDrink
Technology Co. Ltd. and of Theresa Hwa in 2022.

 Interest
expense

 Interest
expenses from continuing operation was $20,091 and $21,002 for the year ended December 31, 2023 and 2022 which included the interest
on the convertible promissory notes.

 Profits
(Loss) from continuing operations

 The
Company generated profits (loss) from continuing operations of $7,824 and ($2,419) for the years ended December 31, 2023 and 2022, respectively.

 Net
profits (loss)

 As
a result of the foregoing, the Company generated net profit (loss) of operations of $7,824 and ($2,419) for the years ended December
31, 2023 and 2022, respectively.

 Liquidity
and Capital Resources

 We
have funded our operations to date primarily through operations, and non-related party loans. The Company's management recognizes
that the Company must generate sales and obtain additional financial resources to continue to develop its operations

 As
of December 31, 2023, we had a working capital surplus of $76,359. Our current assets on December 31, 2023 were $224,399 primarily consisting
of accounts receivables $186,799 and Short Term Investment - Held-For-Trading – iDrink Technology Co. Ltd., Taiwan $30,000 and
cash $7,600. Our current liabilities were $148,039 primarily composed of short term debts $107,734, accounts payables of $30,000, accrued
expenses and other current liabilities of $4,831 and credit card payable of $5,474.

 Cash
Flow from Operating Activities

 Net
cash used in operating activities was $56,528 during the year ended December 31, 2023, which consisted of our net profits from continuing
operation of $7,891 primarily enhanced by a change of accounts receivables $175,726 (including write off accounts receivable of $75,000
of QQ Pay Ltd and $21,000 of East West Development Ltd) and accounts receivables $9,000 (including non-cash transaction of cancellation
of receivables of HFT, iDrink Technology Co. Ltd. Taiwan of $9,000), a change in accrued expenses of $165,349 (including cancellation
of interest payable on convertible promissory notes $83,259.56 and cancellation of interest payable on short term payable to Shuou-Chyn
Kan $2,971.51), and a change of credit card payable of $ 3,710.

 Net
cash used in operating activities was $13,778 during the year ended December 31, 2022, which consisted of our net loss from continuing
operation of ($2,419), primarily enhanced by a change of accounts receivables $23,500 (including write off accounts receivable of $55,000)
and loans receivables $35,574 (which involving non-cash transaction of cancellation of loans receivable of $50,000), a change in accrued
expenses of $16,519 (including cancellation of liabilities in amount of $30,000), and a change of credit card payable of $464.

 For
the Statements of Cash Flows see F-5.

 Cash
Flow from Investing Activities

 Net
cash used in investing activities totaled $0 for the year ended December 31, 2023.

 Net
cash used in investing activities totaled $0 for the year ended December 31, 2022.

 Cash
Flow from Financing Activities

 Net
cash used in financing activities was $65,000 during the year ended December 31, 2023, which primarily consisted of proceeds from payment
of short term debt to Shuou Chynn Kan.

 Net
cash used in financing activities was $0 during the year ended December 31, 2022.

 For
the Statements of Cash Flows see F-5.

 Off-Balance
Sheet Arrangements

 There
are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues, expenses, results of operations, liquidity, capital expenditures or capital resources.

 Inflation

 We
do not believe our business and operations have been materially affected by inflation

Accounting Policies and Estimates

 This
discussion and analysis of our financial condition and results of operations are based on our financial statements that have been prepared
under accounting principle generally accepted in the United States of America. The preparation of financial statements in conformity
with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and 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 period. Actual results could differ from those estimates.

 A
summary of significant accounting policies is included in Note 3 to the consolidated financial statements included in this Annual Report.
Of these policies, we believe that the following items are the most critical in preparing our financial statements.

Receivable and Allowance for Doubtful Accounts

receivable are recorded at the invoiced amount, net of an allowance for doubtful accounts. The Company follows paragraph 310-10-50-9
of the FASB Accounting Standards Codification to estimate the allowance for doubtful accounts. The Company performs on-going credit evaluations
of its customers and adjusts credit limits based upon payment history and the customer's current credit worthiness, as determined
by the review of their current credit information; and determines the allowance for doubtful accounts based on historical write-off experience,
customer specific facts and economic conditions.

 Outstanding
account balances are reviewed individually for collectability. The allowance for doubtful accounts is the Company's best estimate
of the amount of probable credit losses in the Company's existing accounts receivable. Bad debt expense is included in general
and administrative expenses, if any. Pursuant to paragraph 310-10-50-2 of the FASB Accounting Standards Codification account balances
are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered
remote. The Company has adopted paragraph 310-10-50-6 of the FASB Accounting Standards Codification and determine when receivables are
past due or delinquent based on how recently payments have been received.

 Inventories

 Inventories
consists of products purchased and are valued at the lower of cost or net realizable value. Cost is determined on the weighted average
cost method. The Company reduces inventories for the diminution of value, resulting from product obsolescence, damage or other issues
affecting marketability, equal to the difference between the cost of the inventory and its estimated net realizable value. Factors utilized
in the determination of estimated net realizable value include (i) current sales data and historical return rates, (ii) estimates of
future demand, (iii) competitive pricing pressures, (iv) new product introductions, (v) product expiration dates, and (vi) component
and packaging obsolescence.

 The
Company evaluates its current level of inventories considering historical sales and other factors and, based on this evaluation, classify
inventory markdowns in the income statement as a component of cost of goods sold pursuant to Paragraph 420-10-S99 of the FASB Accounting
Standards Codification to adjust inventories to net realizable value. These markdowns are estimates, which could vary significantly from
actual requirements if future economic conditions, customer demand or competition differ from expectations.

 Revenue
Recognition

 The
Company's revenue recognition policies are in compliance with ASC 606. Revenue is recognized when the promised goods or services
are transferred to the customer. The amount of revenue recognized should equal the total consideration an entity expects to receive in
return for the goods or services.

 Our
revenues are primarily generated by providing professional services and software products, consulting and other professional services
to our clients and are billable to our clients based on the services provided, or achieved outcomes. Revenues are primarily driven by
the total value, scope, and terms of the consulting contracts. We also engage independent contractors to supplement our revenue-generating
professionals on client engagements as needed.

 We
adopt a fixed fee billing arrangement and agree to a pre-established fee in exchange for a predetermined set of professional services.
We set the fees based on our estimates of the costs and timing for completing the engagements.

 Our
quarterly results are impacted principally by the total value, scope, and terms of our client contracts. Our utilization rate can be
affected by seasonal variations in the demand for our services from our clients.

 Our
operating expenses include professional fees, technology costs, software and data hosting expenses, rent and other office related expenses.

 Foreign
Currency Translation

 The
Company follows Section 830-10-45 of the FASB Accounting Standards Codification ("Section 830-10-45") for foreign currency
translation to translate the financial statements of the foreign subsidiary from the functional currency, generally the local currency,
into U.S. Dollars. Section 830-10-45 sets out the guidance relating to how a reporting entity determines the functional currency of a
foreign entity (including of a foreign entity in a highly inflationary economy), re-measures the books of record (if necessary), and
characterizes transaction gains and losses. the assets, liabilities, and operations of a foreign entity shall be measured using the functional
currency of that entity. An entity's functional currency is the currency of the primary economic environment in which the entity
operates; normally, that is the currency of the environment, or local currency, in which an entity primarily generates and expends cash.

 The
functional currency of each foreign subsidiary is determined based on management's judgment and involves consideration of all relevant
economic facts and circumstances affecting the subsidiary. Generally, the currency in which the subsidiary transacts a majority of its
transactions, including billings, financing, payroll and other expenditures, would be considered the functional currency, but any dependency
upon the parent and the nature of the subsidiary's operations must also be considered. If a subsidiary's functional currency
is deemed to be the local currency, then any gain or loss associated with the translation of that subsidiary's financial statements
is included in accumulated other comprehensive income. However, if the functional currency is deemed to be the U.S. Dollar, then any
gain or loss associated with the re-measurement of these financial statements from the local currency to the functional currency would
be included in the consolidated statements of comprehensive income (loss). If the Company disposes of foreign subsidiaries, then any
cumulative translation gains or losses would be recorded into the consolidated statements of comprehensive income (loss). If the Company
determines that there has been a change in the functional currency of a subsidiary to the U.S. Dollar, any translation gains or losses
arising after the date of change would be included within the statement of comprehensive income (loss).

 Based
on an assessment of the factors discussed above, the management of the Company determined the relevant subsidiaries' local currencies
to be their respective functional currencies.

 Foreign
currency translation gains (loss) resulting from the process of translating the local currency financial statements into U.S. dollars
are included in determining accumulated other comprehensive income in the consolidated statement of stockholders' equity.

 ITEM
 7A.

 QUANTITATIVE
 AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 Not
required for smaller reporting companies.

 Most
Recent accounting pronouncements

 Refer
to note 2 in the accompanying consolidated financial statements.

 Impact
of Most Recent Accounting Pronouncements

 There
were no recent accounting pronouncements that have had a material effect on the Company's financial position or results of operations.

 ITEM
 8.

 FINANCIAL
 STATEMENTS AND SUPPLEMENTARY FINANCIAL DATA

 Financial

 The
full text of our audited consolidated financial statements as of December 31, 2023 and 2022 begins on page F-1 of this Report.

 ITEM
 9.

 CHANGES
 IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

 There
were no recent changes in auditor appointment and engagement.

 ITEM
 9A.

 CONTROLS
 AND PROCEDURES.

 Evaluation
of disclosure controls and procedures.

 The
Company maintains a set of disclosure controls and procedures designed to ensure that information required to be disclosed by the Company
in the reports filed under the Securities Exchange Act, is recorded, processed, summarized and reported within the time periods specified
by the SEC's rules and forms. Disclosure controls are also designed with the objective of ensuring that this information is accumulated
and communicated to the Company's management, including the Company's chief executive officer and chief financial officer, as appropriate,
to allow timely decisions regarding required disclosure.

 During
the course of internal evaluation, following control weaknesses are noted for the fiscal year ended December 31, 2023 that required correction:

 •

 no
 independent director exists in the Board of Directors, and the directors have little understanding about U.S. GAAP and Sarbanes-Oxley
 Act 404 requirements in 2023.

 Based
upon their evaluation as of the end of the period covered by this annual report, the Company's chief executive officer and chief financial
officer concluded that, due to the significant deficiencies in internal control over financial reporting described below, the Company's
disclosure controls and procedures are not effective as of December 31, 2023.

 Changes
in internal controls.

 The
term "internal control over financial reporting" (defined in SEC Rule 13a-15(f)) refers to the process of a company that
is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles. The Company's management, with the participation
of the Chief Executive Officer and Chief Financial Officer, has evaluated any changes in the Company's internal control over financial
reporting that occurred during the fourth quarter of the year covered by this annual report, and they have concluded that there was no
change to the Company's internal control over financial reporting that has materially affected, or is reasonably likely to materially
affect, the Company's internal control over financial reporting.

 Management's
Report on Internal Control over Financial Reporting.

 Our
management is responsible for establishing and maintaining adequate internal control over financial reporting for the company in accordance
with as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed to
provide reasonable assurance regarding the (i) effectiveness and efficiency of operations, (ii) reliability of financial reporting and
the preparation of financial statements for external purposes in accordance with generally accepted accounting principles, and (iii)
compliance with applicable laws and regulations. Our internal controls framework is based on the criteria set forth in the Internal Control
- Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

 Due
to inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation
of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that
the degree of compliance with the policies and procedures may deteriorate.

 A
material weakness in internal controls is a deficiency in internal control, or combination of control deficiencies, that adversely affects
the Company's ability to initiate, authorize, record, process, or report external financial data reliably in accordance with accounting
principles generally accepted in the United States of America such that there is more than a remote likelihood that a material misstatement
of the Company's annual or interim financial statements that is more than inconsequential will not be prevented or detected. In
the course of making our assessment of the effectiveness of internal controls over financial reporting, we identified some material weaknesses
in our internal control over financial reporting.

 We
lack sufficient personnel with the appropriate level of knowledge, experience and training in the application of accounting operations
of our company. This weakness causes us to not fully identify and resolve accounting and disclosure issues that could lead to a failure
to perform timely internal control and reviews.

 Management
is currently reviewing its staffing and systems in order to remedy the weaknesses identified in this assessment. However, because of
the above condition, management's assessment is that the Company's internal controls over financial reporting were not effective
as of December 31, 2023. Additionally, the Registrant's management has concluded that the Registrant has a material weakness associated
with its U.S. GAAP expertise.

 This
Annual Report does not include an attestation report of the Company's registered public accounting firm regarding internal control
over financial reporting. Management's report was not subject to attestation by the Company's registered public accounting
firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management's
report in this annual report.

 ITEM
 9B.

 OTHER
 INFORMATION.

 None.

 PART
III

 ITEM
 10.

 DIRECTORS,
 EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

 The
following table sets forth: (1) names and ages of all persons who presently are and who have been selected as directors and executive
officers of the Registrant; (2) all positions and offices with the Registrant held by each such person; (3) any period during which he
or she has served a such. All directors hold office until the next annual meeting of our shareholders and until their successors have
been elected and qualify. Officers serve at the pleasure of the Board of Directors.

 Name
 (1)

 Age

 Title

 Bill
 Tan Yee Wei

 Chief
 Technology Officer, Director

 Hanwei
 Wang

 Chief
 Executive Officer

 Yanru
 Zhou

 Chief
 Finance Officer

 On
Feb 28, 2018, the board of Director (the "Board") of the Company appointed Yanru Zhou as Chief Executive Officer of the firm.
Ms. Zhou received her undergraduate education in China.

 On
December 31, 2019, the Board of Directors (the "Board") of the Company appointed Bill Tan Yee Wei as Chief Technology Officer
of the firm. Mr. Wei has more than 18 years of total working experiences in different industries with Lean Manufacturing and Six Sigma
Black Belt skills. He has hands on experiences in Supply Chain Management, Procurement, Quality Assurance, Inventory, Sales, Production,
Logistic, Project Management, Transport Management and Distribution exposure. Mr. Wei has received his Bachelor of Science, Mechanical
Engineer degree at West Virginia University Institute of Technology, WV, USA.

 On
August 15, 2023, the Board of the Company appointed Mr. Hanwei Wang as Chief Executive Officer of the firm. Mr. Wang received his degree
of Bachelor of Science in Finance at the Tamkang University, Taiwan. He is currently serving as chief executive officer of I.H Art Co.
Ltd. (Taiwan) and served as the Secretary General of Taiwan Institute of Quantitative Trading

 On
August 15, 2023, the Board of Directors of the Company approved the resignation of Ms. Esther Jou as Chief Executive Officer of the firm.

 Nominating,
Compensation and Audit Committees

 The
Board of Directors does not have an audit committee, a compensation committee or a nominating committee, due to the small size of the
Board. The Board does also not have an "audit committee financial expert" within the definition given by the Regulations
of the Securities and Exchange Commission.

 Section
16(A) Beneficial Ownership Reporting Compliance

 Under
U.S. securities laws, directors, certain executive officers and persons holding more than 10% of our common stock must report their initial
ownership of the common stock, and any changes in that ownership, to the SEC.

 Involvement
in Certain Legal Proceedings

 To
the best of our knowledge, none of our directors or executive officers has been convicted in a criminal proceeding, excluding traffic
violations or similar misdemeanors, or has been a party to any judicial or administrative proceeding during the past five years that
resulted in a judgment, decree or final order enjoining the person from future violations of, or prohibiting activities subject to, federal
or state securities laws (except where not subsequently dismissed without sanction or settlement), or from engaging in any type of business
practice, or a finding of any violation of federal or state securities laws. To the best of our knowledge, no petition under the federal
bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent or similar officer was appointed by
a court for the business or property of any of our directors or officers, or any partnership in which any of our directors or officers
was a general partner at or within two years before the time of such filing, or any corporation or business association of which any
of our directors or officers was an executive officer at or within two years before the time of such filing. Except as set forth in our
discussion below in "Certain Relationships and Related Transactions, and Director Independence," none of our directors, director
nominees or executive officers has been involved in any transactions with us or any of our directors, executive officers, affiliates
or associates which are required to be disclosed pursuant to the rules and regulations of the SEC.

 Code
of Ethics

 The
Board of Directors has not adopted a code of ethics applicable to the Company's executive officers. The Board believes that the
small number of individuals involved in the Company's management makes such a code unnecessary.

 Board
Attendance

 During
2023, the board of directors did not hold any meetings. All actions were taken by actions in writing.

 ITEM
 11.

 EXECUTIVE
 COMPENSATION

 The
following summary compensation table indicates the cash and non-cash compensation earned during the years ended December 31, 2023 and
December 31, 2022 by each person who served as chief executive officer during the year ended December 31, 2023.

 SUMMARY
COMPENSATION TABLE

 Fiscal

 Salary

 Bonus

 Stock
 Awards

 All
 Other Compensation

 Total

 Name
 and Principal Position

 Year

 ($)

 ($)

 ($)

 ($)

 ($)

 Yanru Zhou
 Chief Financial Officer (1)

 2023

 10,000

 (1)
 Ms. Yanru Zhou has served as chief executive officer and chief financial officer since Feb. 28 2018 to December 31, 2019. She signed
 a new employment agreement effective January 1, 2020 whereby she is entitled to a compensation of 10,000 shares of stock of the Company
 each year. She currently serves as the Chief Financial Officer.

 Bill Tan Yee Wei Chief Technology
 Officer (2)

 2023

 5,000

 (2)
 Mr. Wei is appointed as Chief Technology Officer on December 31, 2019. He signed an employment agreement effective January 1, 2020
 whereby he is entitled to a compensation of 5,000 shares of stock of the Company each year starting from 2021.

 Han-wei Wang Chief Executive
 Officer (3)

 2023

 2,000

 (3)
 Mr. Han-wei Wang is appointed as Chief Executive Officer on August 15, 2023. He signed an employment agreement effective August 15,
 2023 whereby he is entitled to a compensation of 2,000 shares of stock of the Company each year starting from August 15, 2023.

 Outstanding
Equity Awards at Fiscal Year-End

 The
following table sets forth for each named executive officer certain information concerning the outstanding equity awards as of December
31, 2023.

 Option
 awards

 Stock
 awards

 Name
 and Principal

 Position

 Number
 of

 Securities

 Underlying

 Unexercised

 Options

 Exercisable

 Number
 of

 Securities

 Underlying

 Unexercised

 Options

 Unexercisable

 Option

 Exercise

 Price
 ($)

 Option

 Expiration

 Date

 Number
 of

 Shares
 or

 Units
 of Stock

 that
 Have Not

 Vested

 Market

 Value
 of

 Shares
 or

 Units
 of

 Stock
 that

 Have
 Not

 Vested

 Incentive

 Plan

 Awards:

 Number
 of

 Unearned

 Shares,
 Units

 or
 Other

 Rights
 that

 Have
 Not

 Vested

 Incentive

 Plan

 Awards:

 Market
 or

 Payout

 Value
 of

 Unearned

 Shares,

 Units
 or

 Other

 Rights
 that

 Have
 Not

 Vested

 Yanru
 Zhou

 CFO

 —

 —

 $

 —

 —

 —

 —

 —

 —

 Bill
 Tan Yee Wei

 CTO

 —

 —

 $

 —

 —

 —

 —

 —

 —

 Han-Wei
 Wang

 CEO

 —

 —

 $

 —

 —

 —

 —

 —

 —

 Remuneration
of Directors

 None
of the members of the Board of Directors receives remuneration for service on the Board.

 Executive
Employment Contracts

 We
have an employment agreement with CFO, Yanru Zhou on February 28, 2018 for 5 years, subject to automatic renewals of another 5 years.
She is entitled to a compensation of 10,000 shares of stock of the Company each year.

 We
have an employment agreement with CTO, Bill Tan Yee Wei effective January 1, 2020 whereby he is entitled to a compensation of 5,000 shares
of stock of the Company each year starting from 2021.

 We
have an employment agreement with CEO, Hanwei Wang on August 15, 2023 for 10 years. He is entitled to a compensation of 2,000 shares
of stock of the Company each year.

Compensation Plan Information

 We
do not have any compensation plan as of December 31, 2023.

 ITEM
 12.

 SECURITY
 OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

 Security
Ownership of Certain Beneficial Owners and Management

 The
following table summarizes certain information regarding the beneficial ownership (as such term is defined in Rule 13d-3 under the Securities
Exchange Act of 1934) of outstanding Registrant Common Stock as of December 31, 2023 by (i) each person known by us to be the beneficial
owner of more than 5% of the outstanding Common Stock, (ii) each of our directors, (iii) each of our named executive officers, and (iv)
all executive officers and directors as a group. Except as indicated in the footnotes below, the security and stockholders listed below
possess sole voting and investment power with respect to their shares.

 Name
 and Address of Beneficial Owner (1)

 Amount
 and Nature

 of
 Beneficial

 Ownership
 (2)

 Percentage
 of

 Class
 (2)

 Lin,
 Shih-Hsiung

 700,000

 6.16

 %

 Hsu,
 Chien-Lung

 1,750,000

 15.41

 %

 North
 America Chinese Financial Association

 4,323,000

 38.07

 %

 Esther
 Jou

 1,655,000

 14.57

 %

 All
 Directors and Executive Officers as a Group (1 person)

 8,428,000

 74.21

 %

 (1)
"Beneficial Owner" means having or sharing, directly or indirectly (i) voting power, which includes the power to vote or to
direct the voting, or (ii) investment power, which includes the power to dispose or to direct the disposition, of shares of the common
stock of an issuer. The definition of beneficial ownership includes shares, underlying options or warrants to purchase common stock,
or other securities convertible into common stock, that currently are exercisable or convertible or that will become exercisable or convertible
within 60 days. Unless otherwise indicated, the beneficial owner has sole voting and investment power.

 (2)
For each shareholder, the calculation of percentage of beneficial ownership is based upon 11,356,638
shares of Common Stock outstanding as of December 31, 2023 and shares of Common Stock subject to options, warrants and/or conversion
rights held by the shareholder that are currently exercisable or exercisable within 60 days, which are deemed to be outstanding and to
be beneficially owned by the shareholder holding such options, warrants, or conversion rights. The percentage ownership of any shareholder
is determined by assuming that the shareholder has exercised all options, warrants and conversion rights to obtain additional securities
and that no other shareholder has exercised such rights.

 EMPLOYMENT
AGREEMENTS

 We
have an employment agreement with CFO, Yanru Zhou on Feb. 28, 2018 for 5 years, subject to automatic renewals of another 5 years she
is entitled to a compensation of 10,000 shares of stock of the Company each year.

 We
have an employment agreement with CTO, Bill Tan Yee Wei effective January 1, 2020 whereby he is entitled to a compensation of 5,000 shares
of stock of the Company each year starting from 2021.

 We
have an employment agreement with CEO, Hanwei Wang on August 15, 2023 for 10 years, subject to automatic renewals. He is entitled to
a compensation of 2,000 shares of stock of the Company each year.

Compensation Plan Information

 As
of the date of this Form 10-K, the Company has not authorized any equity compensation plan, nor has our Board of Directors authorized
the reservation or issuance of any securities under any equity compensation plan.

 Changes
in Control

 We
change our director from Esther Jou to Hanwei Wang on August 15, 2023. Hanwei Wang possesses adequate knowledge of U.S GAAP and Sarbanes-Oxley
Act 404, as well as understanding of the Company. He is responsible for helping design and improve the ICFR and accounting job of our
Company by adopting procedures and processes to meet control objectives, addressing risks, reducing occurrences of unnecessary cost or
effort and strengthen governance. In addition, she reviews the ICFR and remedy its drawback for this 10K.

 ITEM
 13.

 CERTAIN
 RELATIONSHIPS AND RELATED PARTY TRANSACTIONS.

 Transactions
with Related Persons

 During
the year of 2023, the Company had no advances from related parties.

 Director
Independence

 Currently,
we have no independent directors on our Board of Directors, and therefore have no formal procedures in effect for reviewing and pre-approving
any transactions between us, our directors, officers and other affiliates. We will use our best efforts to insure that all transactions
are on terms at least as favorable to the Company as we would negotiate with unrelated third parties.

 ITEM
 14.

 PRINCIPAL
 ACCOUNTANT FEES AND SERVICES.

 2023

 2022

 Audit fees(1)

 $

 13,280

 $

 6,340

 Audit-related fees

 $

 —

 $

 —

 Tax fees(2)

 $

 —

 $

 —

 All other fees

 $

 —

 $

 —

 Total

 $

 13,280

 $

 6,340

 (1)

 Consists
 of fees billed for the audit of our annual financial statements, review of financial statements included in our Quarterly Reports
 on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements.

 (2)

 "Tax
 Fees" consisted of fees billed for professional services rendered by the principal accountant for tax compliance, tax advice,
 and tax planning.

 Pre-Approval
Policies and Procedures

 Under
the Sarbanes-Oxley Act of 2002, all audit and non-audit services performed by our auditors must be approved in advance by our Board to
assure that such services do not impair the auditors' independence from us. In accordance with its policies and procedures, our
Board pre-approved the audit service performed by James Pai, CPA., for our financial statements as of and for the year ended December
31, 2023.

 PART
IV

 ITEM 15.

 EXHIBITS,
 FINANCIAL STATEMENTS, SCHEDULES.

 Exhibit
 No.

 Description

 3.1(1)

 Articles
 of Incorporation

 3.2(1)

 By-Laws

 4.1(1)

 Form
 of Share Certificate

 10.1(1)

 Private
 Placement Memorandum

 10.2(1)

 Subscription
 Agreement

 10.3(1)

 Registration
 Rights Agreement

 31.1

 Certification
 of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 *

 31.2

 Certification
 of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 *

 32.1

 Certification
 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 *

 32.2

 Certification
 pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 *

 The
 Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii)
 the Consolidated Statements of Stockholders' Equity (iv) the Consolidated Statements of Cash Flows, and (v) Notes to Consolidated
 Financial Statements. *

 (1)
Filed as exhibits to the registrant's Form SB-2 filed with the Commission on June 29, 2007.

 SUIC

31, 2023 and 2022

to the financial statements

 Contents

 Page(s)

 Report of Independent Registered
 Public Accounting Firm (PCAOB ID: 3826)

 Balance Sheets

 Statements of Income and
 Comprehensive Income

 Statement of Stockholders'

 Statements of Cash Flows

 Notes
 to the Financial Statements

 REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 To
the Board of Directors and Stockholders of SUIC Worldwide Holdings Ltd.

 Opinion
on the Financial Statements

 We
have audited the accompanying balance sheets of SUIC Worldwide Holdings Ltd (the "Company") as of December 31, 2023, and
the related statements of operations and comprehensive loss, changes in stockholders' equity, and cash flows for the financial
year ended December 31, 2023, 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, 2023, and
the results of its operations and its cash flows for the financial year ended December 31, 2023, in conformity with accounting principles
generally accepted in the United States of America.

 Explanatory
Paragraph – Going Concern

 The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
2 to the financial statements, developing new businesses in various fields raise substantial doubt about its ability to continue as a
going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.

 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. 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.

Audit Matters

audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be
communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and
(2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

 James
Pai, CPA

 We
have served as the company's auditor since 2019.

 April
10, 2024.

 New
York, NY

 F- 1

 To
the Board of Directors and Stockholders of SUIC Worldwide Holdings Ltd.

 Opinion
on the Financial Statements

 We
have audited the accompanying balance sheets of SUIC Worldwide Holdings Ltd (the "Company") as of December 31, 2022, and
the related statements of operations and comprehensive loss, changes in stockholders' equity, and cash flows for the financial
year ended December 31, 2022, 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, 2022, and
the results of its operations and its cash flows for the financial year ended December 31, 2022, in conformity with accounting principles
generally accepted in the United States of America.

 Explanatory
Paragraph – Going Concern

 The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
2 to the financial statements, developing new businesses in various fields raise substantial doubt about its ability to continue as a
going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.

 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. 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.

Audit Matters

audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be
communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and
(2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

 James
Pai, CPA

 We
have served as the company's auditor since 2019.

 June
30, 2023

 New
York, NY

 F- 2

 SUIC

 Balance
Sheets

 December 31,
 2023

 December 31,
 2022

 ASSETS

 CURRENT ASSETS:

 Cash

 $
 7,600

 $
 16,072

 Accounts receivable, net

 186,799

 362,525

 Short Term Investment - Held-For-Trading

 Total Current Assets

 224,399

 408,597

 NONCURRENT ASSETS:

 Loans receivable

 —

 —

 Fixed assets

 Other receivables - Income From HFT

 9,000

 Other interest receivables - Sinoway International

 11,702

 7,202

 Other receivables -SUIC Beneway USA Inc.

 2,000

 2,000

 Other receivables

 146,078

 146,078

 Investment
 in Midas Touch Technology Co. Ltd

 —

 —

 Total Assets

 $
 384,279

 $
 573,028

 LIABILITIES AND STOCKHOLDERS' DEFICIENCY

 CURRENT LIABILITIES:

 Credit card payable

 $
 5,474

 $
 1,764

 Accounts payable

 —

 Short term debts

 107,734

 172,734

 Accrued expenses and other liabilities

 4,832

 170,115

 Total Current Liabilities

 148,040

 344,613

 NON-CURRENT LIABILITIES:

 Convertible promissory notes- other

 279,000

 287,000

 Total Non-Current Liabilities

 279,000

 287,000

 Stockholders' Deficiency

 Common stock, $ 0.01 par value, 394,500,000 shares authorized; 11,356,638 shares issued and outstanding

 41,504

 33,504

 Additional paid-in capital

 Accumulated deficit

 ( 1,731,996
)

 ( 1,739,820
)

 Total Stockholders' Surplus (Deficiency)

 ( 42,761
)

 ( 58,585
)

 Total Liabilities and Stockholders' Surplus (Deficiency)

 $
 384,279

 $
 573,028

 See
accompanying notes to the financial statements.

 F- 3

 SUIC

of Comprehensive Income (Loss)

 Years Ended December 31,

 2023

 2022

 Revenue

 $
 150,000

 $
 221,000

 Cost of revenues

 40,000

 82,143

 Gross Profit

 110,000

 138,857

 Operating Expenses

 General and administrative

 80,920

 64,364

 Bad
 debts expense

 —

 105,000

 Credit
 loss of dividend receivable

 9,000

 —

 Total operating expenses

 89,920

 169,364

 Income (Loss) from operations

 20,080

 ( 30,507
)

 Other income:

 Other income-interest and miscellaneous

 4,836

 19,091

 Other income from Cancellation of Liability

 3,000

 Total other income

 7,836

 49,091

 Other expense:

 Interest expense - other

 ( 143
)

 ( 81
)

 Interest expense - related party

 ( 19,948
)

 ( 20,922
)

 Total other expense:

 ( 20,091
)

 ( 21,002
)

 Income (Loss) from continuing operations before income tax provision

 7,825

)

 Income tax provision

 —

 —

 Income (Loss) from continuing operations

 7,825

)

 Net Income (Loss)

 $
 7,825

 $
)

 Earnings (loss) per share

 Basic - continuing operation

 $
)

 $
)

 - discontinuing operation

 $
)

 $
)

 Total

 $
)

 $
)

 Diluted - continuing operation

 $
)

 $
)

 - discontinuing operation

 $
)

 $
)

 Total

 $
)

 $
)

 Weighted average shares outstanding

 Basic

 4,125,300

 3,350,360

 Diluted

 283,125,300

 290,350,360

 See
accompanying notes to the financial statements.

 F- 4

 SUIC

of Stockholders' Equity (Deficiency)

 Common Stock

 Additional

 Accumulated

 Accumulated Other

 Number of Shares

 Amount

 Paid-in Capital

 Earnings
 (Deficit)

 Income (Loss)

 Total

 Balance, December 31, 2021

 33,503,604

 33,504

 ( 1,737,402
)

 —

 ( 56,167
)

 Shares issued

 —

 —

 —

 —

 —

 —

 Net income (loss)

 —

 —

 —

)

 —

)

 Balance, December 31, 2022

 33,503,604

 33,504

 ( 1,739,820
)

 —

 ( 58,585
)

 Balance, after
 reverse stock split (10 to 1), effective on July 25, 2023

 3,356,638

 33,504

 ( 1,739,820
)

 —

 ( 58,585
)

 Shares issued

 8,000,000

 8,000

 —

 —

 —

 8,000

 Net income (loss)

 —

 —

 —

 7,825

 —

 7,825

 Balance, December 31, 2023

 11,356,638

 41,504

 ( 1,731,995
)

 —

 ( 42,761
)

 See
accompanying notes to the financial statements.

 F- 5

 SUIC

of Cash Flows

 Years Ended December 31,

 2023

 2022

 CASH FLOW FROM OPERATING ACTIVITIES

 Net profit

 $
 7,825

 $
)

 Net profit (loss) from discontinued operation

 —

 —

 Net profit (loss) from continuing operation

 7,825

)

 Reconcile for non cash items:

 Depreciation

 Credit loss of dividend receivable

 9,000

 —

 Adjustment to reconcile net loss to net cash provided by (used in) operating activities:

 Change in operating assets and liabilities

 Increase/Decrease in accounts receivable

 175,726

 ( 23,500
)

 Increase in loans receivable

 —

 35,574

 Other receivables - SUIC Beneway USA Inc.

 —

 ( 2,000
)

 Other receivables -Income From HFT

 9,000

 —

 Other interest receivable - Sinoway International

 ( 4,500
)

 ( 4,500
)

 Depreciation

 Increase (decrease) in credit card payable

 3,710

 ( 464
)

 Accounts payable

 —

 Increase (decrease) in accrued expenses and other current liabilities

 ( 165,283
)

 ( 16,519
)

 Net cash used in continuing operation

 56,528

 ( 13,778
)

 Net cash provided by discontinued operation

 —

 —

 Net cash used in operating activities

 56,528

 ( 13,778
)

 CASH FLOW FROM INVESTING ACTIVITIES

 Increase in Short term investment-Held for Trading

 —

 —

 Capital expenditure

 —

 —

 Net cash used in continuing operation

 —

 —

 Net cash used in discontinued operation

 —

 —

 Net cash used in investing activities

 —

 —

 CASH FLOW FROM FINANCING ACTIVITIES

 Repayment of non-related party loan

 ( 65,000
)

 —

 Proceeds from issuance of common stock

 —

 —

 Net cash provided by continuing operation

 —

 —

 Net cash used in discontinued operation

 —

 —

 Net cash provided by(used in) financing activities

 ( 65,000
)

 —

 Effect of exchange rate changes on cash

 INCREASE(DECREASE) IN CASH

 ( 8,472
)

 ( 13,778
)

 Cash - beginning of year

 16,072

 29,850

 Cash - end of year

 $
 7,600

 $
 16,072

 Supplement disclosure information

 Cash paid for interest

 21,002

 Cash paid for interest-discontinued operation

 —

 —

 Cash paid for income taxes

 —

 —

 Cash paid for income taxes-discontinued operation

 —

 —

 Non-cash financing activities

 Debt discount incurred from beneficial conversion feature

 —

 —

 The
accompanying notes are an integral part of the financial statements.

 F- 6

 SUIC

 Notes
to the Financial Statements

 NOTE
1 – Organization and Basis of presentation

 SUIC
Worldwide Holdings Ltd (SUIC) is a Nevada corporation incorporated on August 30, 2006, under the name Gateway Certifications, Inc. On
November 16, 2009, our corporate name was changed to American Jianye Greentech Holdings, Ltd., on February 13, 2014, our corporate name
was changed to AJ Greentech Holdings, Ltd. and on July 17, 2017, our corporate name was changed to Sino United Worldwide Consolidated
Ltd. On November 9, 2022, our corporate name was changed to SUIC Worldwide Holdings Ltd.

 From
November 2009 until October, 2013, through our China and Taiwan subsidiaries, we were engaged in renewable energy business. From October
2013 until September, 2017, through our Taiwan subsidiary, we were engaged in the driving record management system (DMS). Both Subsidiaries
was spun off through stock transfer and debt cancellation for the best interest of shareholders.

 From
2018 to present, the Company focused in products and services that adopt IT, cloud computing, mobile payments, Big Data, Blockchain and
AI, and other new and exciting business models that will create revolutionary products and services. From 2020 to present, the Company
through promissory notes becomes major creditor and stakeholder in Beneway Holdings Group (its corporate name was changed from Sinoway
International Corp.). As of December 31, 2022, Midas Touch Technology Co. Ltd., doesn't have any operation and net assets. The
company works with Beneway Holdings Group in several new business ventures with focus on the following fields:

 •

 Fintech -
 Through Boom Fintech, the major subsidiary of Beneway USA, the company holds nine revolutionary fintech patents. Boom Fintech integrates
payment systems, electronic invoice devices, mobile cash registers, POS system devices and ERP, as well as Big Data, AI and other services,
to all-in-one products that provide standardized intellectual property that's modular to all industries, from chain department
stores to night market vendors. Beneway Holdings Group connects borrowers and lenders, building strategic partnerships by bridging the
various stakeholders to provide a holistic financial delivery ecosystem and to integrate advanced systems and finance its global merchants
and franchisees.

 •

 Food
 Industry Supply Chain Integration – SUIC and Beneway will partner with international trade financiers to support the huge
demand for raw material import/export between the U.S. and Asia. SUIC and Beneway are looking to raise funds from an IPO and the capital
markets to support mergers and acquisitions of U.S. mid- and upper-stream food industry suppliers.

 •

 Global Chain &
Franchise Expansion –Through I.Hart catering group, SUIC and Beneway are working to bring reputable and distinguished overseas
food product brands to the U.S. and around the world. It is working on integrating more successful chains to enter the U.S. chain
and franchise market in all 50 states. It is replicating its successful multi-branding business model and teaming up with top U.S. real
estate firms, shopping malls and associated groups for faster expansion.

 •

 Other
 Supply Chain Integration - Beneway has identified several additional industries for future expansion, including medical and health
care, high-tech digital AI systems, environmental protection and energy-related production.

 Certain
amounts in last year's financial statements have been reclassified to conform to current year presentation.

 NOTE
2 – Going Concern

 The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company
had a working capital surplus of $ 76,359, an accumulated deficit of $ 1,731,996 and stockholders' deficit was $ 42,761 as of December
31, 2023. The Company has generated cash or income from its continuing operations. There is substantial doubt about the ability of the
entity to continue as a going concern within one year after the date that the financial statements are issued. The financial statements
do not include any adjustments that might result from the outcome of this uncertainty.

 The
company is seeking for external resource of financing and develop new business in new fields to generate adequate cash flow for purpose
of mitigating such unfavorable situation. As discussed in "NOTE 9 –Subsequent Events," the Company plans to have joint
ventures with other companies and cooperation with other companies in order to attract new investment and expand new business practice.

 NOTE
3 – Summary of Significant Accounting Policies

 Use
of Estimates

 The
preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of
America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the consolidated financial statements and the amount of revenues and expenses during
the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. However,
actual results could differ materially from those results. Significant accounting estimates reflected in the Company's consolidated
financial statements included the valuation of accounts receivable, the estimated useful lives of long-term assets, the valuation of
short-term investment and the valuation of deferred tax assets.

 Cash
and cash equivalents

 Cash
and cash equivalents include cash on hand and deposits placed with banks or other financial institutions, which are unrestricted as to
withdrawal and use and with an original maturity of three months or less. The Company maintains its cash in bank deposit accounts. Cash
accounts are guaranteed by the Federal Deposit Insurance Corporation up to $250,000. The Company has not experienced any losses in such
accounts and believes it is not exposed to any significant credit risk on such cash.

 F- 7

Receivable and Allowance for Doubtful Accounts

receivable are recorded at the invoiced amount, net of an allowance for doubtful accounts. The Company follows paragraph 310-10-50-9
of the FASB Accounting Standards Codification to estimate the allowance for doubtful accounts. The Company performs on-going credit evaluations
of its customers and adjusts credit limits based upon payment history and the customer's current credit worthiness, as determined
by the review of their current credit information; and determines the allowance for doubtful accounts based on historical write-off experience,
customer specific facts and economic conditions.

 Outstanding
account balances are reviewed individually for collectability. The allowance for doubtful accounts is the Company's best estimate
of the amount of probable credit losses in the Company's existing accounts receivable. Bad debt expense is included in general
and administrative expenses, if any. Pursuant to paragraph 310-10-50-2 of the FASB Accounting Standards Codification account balances
are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered
remote. The Company has adopted paragraph 310-10-50-6 of the FASB Accounting Standards Codification and determine when receivables are
past due or delinquent based on how recently payments have been received.

 For
the years ended December 31, 2023 and 2022, the Company recorded bad debt expenses of $ 0
and $ 105,000,
respectively.

 Revenue
Recognition

 The
Company's revenue recognition policies are in compliance with ASC 606. Revenue is recognized when the promised goods or services
are transferred to the customer. The amount of revenue recognized should equal the total consideration an entity expects to receive in
return for the goods or services.

 Our
revenues are primarily generated by providing professional services and software products, consulting and other professional services
to our clients and are billable to our clients based on the services provided, or achieved outcomes. Revenues are primarily driven by
the total value, scope, and terms of the consulting contracts. We also engage independent contractors to supplement our revenue-generating
professionals on client engagements as needed.

 We
adopt a fixed fee billing arrangement and agree to a pre-established fee in exchange for a predetermined set of professional services.
We set the fees based on our estimates of the costs and timing for completing the engagements.

 Our
quarterly results are impacted principally by the total value, scope, and terms of our client contracts. Our utilization rate can be
affected by seasonal variations in the demand for our services from our clients. As of December 31, 2023, we generated revenue from the
US.

 Our
operating expenses include professional fees, technology costs, software and data hosting expenses, and other office related expenses.

 Property
and Equipment

 Property
and equipment are stated at cost, less accumulated depreciation and amortization. Property and equipment are depreciated using the straight-line
method over the estimated useful lives of the assets. Leasehold and tenant improvements are amortized over the shorter of the lease term
or the estimated useful lives of the assets. The Company periodically reviews assets' estimated useful lives based upon actual
experience and expected future utilization. A change in useful life is treated as a change in accounting estimate and is applied prospectively.

 Upon
retirement or disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any resulting
gain or loss is reflected in selling, general and administrative expenses for that period. Major additions and betterments are capitalized
to the asset accounts while maintenance and repairs, which do not improve or extend the lives of assets, are expensed as incurred. Investments
in Non-Consolidated Entities.

 F- 8

 Investments
in Non-Consolidated Entities

 Investments
in non-consolidated entities are accounted for using the equity method or cost basis depending upon the level of ownership and/or the
Company's ability to exercise significant influence over the operating and financial policies of the investee. When the equity method
is used, investments are recorded at original cost and adjusted periodically to recognize the Company's proportionate share of the investees'
net income or losses after the date of investment. When net losses from an investment are accounted for under the equity method exceed
its carrying amount, the investment balance is reduced to zero and additional losses are not provided for. The Company resumes accounting
for the investment under the equity method if the entity subsequently reports net income and the Company's share of that net income exceeds
the share of net losses not recognized during the period the equity method was suspended. Investments are written down only when there
is clear evidence that a decline in value that is other than temporary has occurred.

 As
ASC 321 stipulated, if the investor has less than 20% ownership, it is presumed that there is nominal influence or no significant influence
over the operating and financing activities of the investee. The Company holds 10% stock of iDrink, Taiwan, which is a private company
without readily determinable fair value. Thus, the Company carried the investment at cost for each reporting period the Company
keep tracking on the qualitative factors in assessing whether the investment is impaired. As of December 31, 2023, no impairment takes
place.

 For
investment in Midas Touch Technology Co. Ltd., we have 49% ownership and have significant influence on it, so we adopt equity method
to recognize the investment. Due to this company didn't have any net assets and operation yet as of December 31, 2023, we account
for it as $0.

 Income
Taxes

 The
Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax
liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities,
using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results
from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management,
it is more likely than not that some or all of any deferred tax assets will not be realized.

 The
Company adopted ASC 740-10-25, Income Taxes- Overall-Recognition, on January 1, 2007, which provides criteria for the recognition, measurement,
presentation and disclosure of uncertain tax position. The Company must recognize the tax benefit from an uncertain tax position only
if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical
merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest
benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. The Company did not recognize any additional
liabilities for uncertain tax positions as a result of the implementation of ASC 740-10-25.

 On
December 22, 2017, the Tax Cuts and Jobs Act (the "Tax Act") was enacted by the U.S. government which included a wide range
of tax reform affecting businesses including the corporate tax rates, international tax provisions, tax credits and deduction with majority
of the tax provision effective after December 31, 2017.

 The
Coronavirus Aid, Relief and Economy Security (CARES) Act ("the CARES Act, H.R. 748") was signed into law on 27 March 2020.
The CARES Act temporarily eliminates the 80% taxable income limitation (as enacted under the Tax Cuts and Jobs Act of 2017) for NOL deductions
for 2018-2020 tax years and reinstated NOL carrybacks for the 2018-2020 tax years. Moreover, the CARES Act also temporarily increases
the business interest deduction limitations from 30% to 50% of adjusted taxable income for the 2019 and 2020 taxable year. Lastly, the
Tax Act technical correction classifies qualified improvement property as 15-year recovery period, allowing the bonus depreciation deduction
to be claimed for such property retroactively as if it was included in the Tax Act at the time of enactment.

 The Company accounts
for an unrecognized tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained
upon examination by the tax authorities.

 Net
Profit per Share

 The
Company calculates its basic and diluted earnings per share in accordance with ASC 260. Basic earnings per share are calculated by dividing
net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share are calculated by adjusting
the weighted average outstanding shares to assume conversion of all potentially dilutive warrants and options and convertible securities.
Due to impact of assumption of total conversion of the convertible securities, the number of basic and diluted shares of common stock
is 4,125,300 and 283,125,300 respectively.

 Recently
Issued Accounting Pronouncements

 In
December 2017, the Securities and Exchange Commission ("SEC") released Staff Accounting Bulletin No. 118 (the "Bulletin"),
which provides accounting guidance regarding accounting for income taxes for the reporting period that includes the enactment of the
Tax Act. The Bulletin provides guidance in those situations where the accounting for certain income tax effects of the Tax Act will be
incomplete by the time financial statements are issued for the reporting period that includes the enactment date. For those elements
of the Tax Act that cannot be reasonably estimated, no effect will be recorded.

 The
SEC has provided in the Bulletin that in situations where the accounting is incomplete for certain effects of the Tax Act, a measurement
period which begins in the reporting period that includes the enactment of the Tax Act and ends when the entity has obtained, prepared
and analyzed the information is needed in order to complete the accounting requirements. The measurement period shall not exceed one
year from enactment.

 In
February 2018, the FASB issued ASU 2018-02, "Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of
Certain Tax Effects from Accumulated Other Comprehensive Income," which allows a reclassification from accumulated other comprehensive
income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. This guidance is effective for all entities
for fiscal years, and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. The amendments
in ASU 2018-02 should be applied either in the period of adoption or retrospectively to each period in which the effect of the change
in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The adoption of this guidance is not expected
to have a material impact on the Company's Consolidated Financial Statements and related disclosures.

 Management
does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect
on the accompanying financial statements.

 F- 9

 NOTE
4 – Accounts Receivable

receivable at December 31, 2023 and 2022 consisted of the following:

 December 31, 2023

 December 31, 2022

 Accounts receivable

 $
 186,799

 $
 362,525

 Allowance for doubtful accounts

 —

 —

 $
 186,799

 $
 362,525

 In
year 2023, the Company writes-off accounts receivable from QQ Pay Pty Ltd in the amount of $75,000 and from East West Development LLC
in the amount of $21,000. These were off-set against the Accounts Payable to Unise Investment Ltd. for cost of services incurred during
the previous period.

 NOTE
5- Convertible Promissory Note and Short Term Loans

 The
Company has signed the following convertible promissory note agreements with creditor, Shoou Chyn Kan, with an outstanding total $ 279,000.00
as of December 31, 2023. The notes have parity in conversion in to common share for $0.001 per share with interest rate 5% per annum.
The composition of the outstanding balances is stated in the following table:

 October 1, 2017

 USD$ 65,000
 loan granted convertible to 65 million shares of common stock of the Company.

 1, 2018

 USD$ 20,000
 loan granted convertible to 20 million shares of common stock of the Company.

 January
 29, 2019

 USD$ 15,000
 loan granted convertible to 15 million shares of common stock of the Company.

 June
 1, 2019

 USD$ 50,000
 loan granted convertible to 50 million shares of common stock of the Company.

 July
 1, 2019

 USD$ 20,000 loan granted convertible to 20 million shares of common stock of the Company.

 On November 6, 2023, Shoou Chyn Kan converted 8,000,000 shares of common stock and the reduced this loan principal amount to USD$12,000 and a new Note was issued reduced by the principal amount so converted.

 1, 2019

 USD$ 20,000
 loan granted convertible to 20 million shares of common stock of the Company.

 January
 22, 2020

 USD$ 35,000
 loan granted convertible to 35 million shares of common stock of the Company.

 June
 1, 2020

 USD$ 12,000
 loan granted convertible to 12 million shares of common stock of the Company.

 August
 25, 2020

 USD$ 25,000
 loan granted convertible to 25 million shares of common stock of the Company.

 28, 2020

 USD$ 25,000
 loan granted convertible to 25 million shares of common stock of the Company.

 The
Company signed the following unsecured short term loan agreements with creditor, Shouo Chyn Kan for a total of $ 172,734
 in the year 2020 to 2021. The short term debts total $107,734 as of December
31, 2023 because the company paid a total of $65,000 during the year 2023. The Company plans to clear the balances of the Short Term
Loans in year 2024, so it is classified as short-term liability.

 Balance 12/31/2020

 $ 2,734.00

 March
 29, 2021

 $ 10,000.00

 August
 23, 2021

 $ 80,000.00

 16, 2021

 $ 60,000.00

 21, 2021

 $ 20,000.00

 NOTE
6 – Related Party Transactions and Balances

 As
of December 31, 2023, the outstanding balance of the convertible promissory note (principal) from the creditor-Shouo-Chynn Kan is
$ 279,000.00
with unpaid total balance of $ 4,474 in
accrued interest. During 2023, the accrued interest from those convertible promissory notes is $ 18,355. The
accrued interest payable $ 83,260 was
cancelled on September 30, 2023 by offsetting with the balance with QQ Pay Pty Ltd.

 As
of December 31, 2023, the outstanding balance of the short-term loan (principal) from the creditor-Shouo-Chynn Kan is $ 107,734 with
unpaid total balance of $ 323 in
accrued interest. During 2023, the accrued interest from these short -term loan is $ 1,592 with
the unpaid balance $ 2,972 was
cancelled on September 30, 2023 by offsetting with the balance with QQ Pay Pty Ltd.

 NOTE
7 – List of Related Party

 Shouo
Chyn Kan-significant creditor of the Company

 Midas
Touch Technology Co. Ltd.,- significant investment of the company (see NOTE 3. Investments in Non-Consolidated Entities).

 For
the shareholders list, see PART III. ITEM 12.

 F- 10

 NOTE
8 – Income Taxes

 As
of December 31, 2023, the unused net operating loss carryover was $ 949,224. Due to the Company experienced net loss for a long period,
so it treats deferred tax asset generated by net operating loss in a conservative manner. The Company deem the chance of the deferred
tax asset being fully realized less than 50%. Thus, the Company recognized Valuation Allowance for Deferred Asset as full amount of deferred
tax asset. The ending balance of Deferred Tax Asset and its Valuation Allowance are stated as following:

 December 31,

 December 31,

 2023

 2022

 Deferred Tax Asset

 $
 214,062

 $
 215,705

 Valuation Allowance

 ( 214,062
)

 ( 215,705

 Deferred Tax Asset (Net)

 $
 —

 —

 A
reconciliation of the provision for income taxes to the Company's effective income tax rate for is as follows:

 For the year end December 31,

 2023

 2022

 Pre-tax income(loss)

 $
 7,825

 $
)

 U.S. federal corporate income tax rate

 %

 %

 Expected U.S. income tax expense(benefit)

 $
 ( 1,643
)

 $
 ( 508
)

 Change of valuation allowance

 $
 1,643

 $

 Effective tax expense

 $
 —

 $
 —

 NOTE
9 – Reverse Split of Stock

 On
July 3, 2023, the Board of Directors authorized the submission of a Certificate of Change/Amendment to the Nevada Secretary of State
in which the Company sought to affect a reverse split of its common stock at the rate of 1 for 10 for the purpose of increasing the per
share price for the Company's stock in an effort to attract future investors who might otherwise shy away from a good company because
of its low stock price. The reverse split of SUIC Worldwide Holdings Ltd. (the "Company") common stock at a ratio of 1 for
10, has been declared effective by FINRA with a Daily List Announcement Date of July 24, 2023, and a Market Effective Date of July 25,
2023. A "D" will be placed on the Company's ticker symbol for 20 business days after the Market Effective Date. After
20 business days, the symbol will revert back to the original symbol (SUIC). Upon the reverse split became effective, the company revised
its outstanding shares and recalculated EPS.

 The company adjust the computations of basic
and diluted EPS retroactively for all periods presented to reflect that change in capital structure.

 NOTE 10 – Subsequent Events

 The Company has evaluated
subsequent events through the filing of this Form 10-K with the SEC, and determined that there have been no other events that have occurred
that would require adjustments to our disclosures in the consolidated financial statements.

 NOTE
11 – Commitment and Contingency

 NONE

 F- 11

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

 Sino United
 Worldwide Consolidated Ltd.

 Date:
 April 15, 2024

 By:

 /s/
 Han-Wei Wang

 Han-Wei
 Wang

 Chief
 Executive Officer

 Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.

 Signature

 Title

 Date

 /s/
 Han-Wei Wang

 Chief Executive Officer,
 Director

 April
 15, 2024

 Han-Wei Wang

 (Principal Executive Officer)

 /s/
 Yanru Zhou

 Chief Financial Officer

 April
 15, 2024

 Yanru Zhou

 (Principal Financial Officer)