false 0001394108 FY 2024 --12-31

 2024-01-01

 2025-06-23

 2023-01-01

 2022-12-31

 2022-12-31

 2022-12-31

 2022-12-31

 2023-01-01

 2023-01-01

 2023-01-01

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 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

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

 For the fiscal year ended December 31, 2024

 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 Worldwide Holdings Ltd.

 (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.

 Indicate 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

 Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant
to Rule 405 of Regulation S-T (§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.

 Indicate 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

 Indicate 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.

 Indicate 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).

 Indicate 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, 2024, 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 $ 836,279 (3,331,788 shares at $ 0.2510 per share).

 As of June 23, 2025, 11,396,638 shares of the Company's common stock, $0.01 par value, were issued and outstanding.

 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

 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.

 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

 Item 15.

 Exhibits, Financial Statements, Schedules

 SIGNATURES

 Forward-Looking Statements

 Statements 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," "believ e," "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.

 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 promisso ry
notes becomes major creditor and stakeholder in Beneway Holdings Group Ltd (its corporate name was changed from Sinoway International
Corp.). As of December 31, 2024, Midas Touch Technology Co. Ltd. had nominal operations and nominal assets. The Company works with Beneway
Holdings Group Ltd ("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.

 Employees

 The company currently has 2 directors and 3 employees
in the Taiwan office, and 1 director in the Malaysian 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 kinds 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 softwares
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 quali fied, 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, incl uding:

 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.

 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, 2024

 1st Quarter

 $

 1.8000

 $

 1.8000

 2nd Quarter

 $

 0.8200

 $

 0.7600

 3rd Quarter

 $

 0.8990

 $

 0.3920

 4th Quarter

 $

 0.3900

 $

 0.2510

 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

 (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, 2024, there were approximately 109
 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, 2024.

 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.

 Please 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.

 Please 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.

 Please 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.

 Please 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.

 Please 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 Ltd (its corporate name was changed from Sinoway International
Corp.). As of December 31, 2024, 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,
2024 and 2023.

 Revenue

 The Company recognized $0
and $0 of revenue from continuing operations during the year ended December 31, 2024 and 2023, respectively.

 Other income from Cancellation
of Liability

 The income from cancellation
of liability was $0 and $3,000 for the years ended December 31, 2024 and 2023, respectively.

 Cost of Revenues

 Cost of revenues from continuing operations were $0 and $0 for the years
ended December 31, 2024 and 2023, respectively.

 General and Administrative
Expenses

 General and administrative
expenses from continuing operations were $157,623 and $150,995 for the years ended December 31, 2024 and 2023, respectively. The increase
was primarily due to the increase in professional fees paid for marketing activities.

 Bad Debts expense

 Bad debts expenses were $60,000.00
and $380,578 for the year ended December 31, 2024 and 2023.

 Interest expense

 Interest expenses from continuing
operation was $21,618 and $20,091 for the year ended December 31, 2024 and 2023 which included the interest on the convertible promissory
notes and short term debts.

 Profits (Loss) from continuing
operations

 The Company generated losses
from continuing operations of $(234,211) and $(552,753) for the years ended December 31, 2024 and 2023, respectively.

 Net profits (loss)

 As a result of the foregoing,
the Company generated net losses of operations of $(234,211) and $(552,753) for the years ended December 31, 2024 and 2023, 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, 2024,
we had a working capital deficit of $(540,252). Our current assets on December 31, 2024 were $38,495 primarily consisting of cash in the
bank. Our current liabilities were $578,747 primarily composed of loans payables- others $254,445, accrued interest payable $109,877,
short term debts $97,900, other payables $96,000, credit card payable of $11,756 and accounts payables of $ 8,769.

 As of December 31, 2023,
we had a working capital deficit of $(426,141). Our current assets on December 31, 2023 were $7,600 primarily consisting of cash in the
bank. Our current liabilities were $433,741 primarily composed of loans payables- others $103,470, accrued interest payable $91,063, short
term debts $107,734, other payables $96,000, credit card payable of $5,474 and accounts payables of $30,000.

 Cash Flow from Operating Activities

 Net cash used in operating activities was $ $(174,245)
during the year ended December 31, 2024, which consisted of our net losses from continuing operation of $(234,211) which consisted of
change in other interest receivables –Beneway Group Holdings (formerly Sinoway International Corp.) $(4,000), change in other receivables-
Beneway Group Holdings Ltd $60,000, a change in accounts payables $(21,231), a change in accrued expenses and other liabilities $18,814,
and a change of credit card payable of $6,282.

 Net cash used in operating
activities was $(76,942) during the year ended December 31, 2023, which consisted of our net losses from continuing operation of $ $(552,753)
primarily due to change of accounts receivables $362,525, other loans receivables $67,078,, other interest receivables$(4,500),
a change of loan payables $103,470, accounts payable $30,000, accrued expenses and other current liabilities $16,948 and a change of
credit card payable of $3,710.

 Cash Flow from Investing
Activities

 Net cash used in investing activities totaled $0 for
the year ended December 31, 2024.

 Net cash used in investing activities totaled $30,000
for the year ended December 31, 2023.

 Cash Flow from Financing Activities

 Net cash used in financing activities was $205,141
during the year ended December 31, 2024, which primarily consisted of proceeds from loan payables-others $150,975, proceeds from non-related
party loan and shares issued to iGala Commonwealth Ltd. $64,000, and repayment of non-related party loan $(9,834).

 Net cash used in financing
activities was $38,470 during the year ended December 31,
2023, which primarily consisted of repayment of short term debt to Shoou Chyn Kan $65,000 and change in loan payable $103,470.

 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

 Critical 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.

 Accounts Receivable and Allowance for Doubtful
Accounts

 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 and Fair Value of Financial Instruments

 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.

 The Company follows the ASC 820 of the U.S. GAAP for
fair valuation measurement. The company's financial instruments include cash and cash equivalents, accounts receivable, accounts
payable, short-term debts, and long-term debt. Fair value is defined as the amount that would be received to sell an asset or paid to
transfer a liability in an orderly transaction between market participants as of the measurement date. This standard also establishes
a hierarchy for inputs used in measuring fair value. This standard maximizes the use of observable inputs and minimizes the use of unobservable
inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use
in valuing the asset or liability based on market data obtained from independent sources. Unobservable inputs are inputs that reflect
our assumptions about the factors market participants would use in valuing the asset or liability based upon the best information available
in the circumstances. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest
level of input that is significant to the fair value measurement. The hierarchy is broken down into three levels. Level 1 inputs are
quoted prices in active markets for identical assets or liabilities. Level 2 inputs include quoted prices for similar assets or liabilities
in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than
quoted prices) that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable for the
asset or liability and their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques
and at least one significant model assumption or input is unobservable. Level 3 may also include certain investment securities for which
there is limited market activity or a decrease in the observability of market pricing for the investments, such that the determination
of fair value requires significant judgment or estimation.

 Fair value measurements of other financial instruments
– The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it
is practicable to estimate fair value.

 Cash and cash equivalents, accounts receivable, and
accounts payable – The carrying amounts reported in the consolidated balance sheets approximate fair value because of the short-term
nature of these items.

 Long-term debt – The carrying amounts reported
in the balance sheets approximates fair value because our interest rate is fixed.

 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 Statements

 The full text of our audited consolidated financial
statements as of December 31, 2024 and 2023 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, 2024 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 2024.

 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, 2024.

 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, 2024. 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.

 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 2024, the board of directors did not hold any
meetings. All actions were taken by actions in writing.

 ITEM 11.

 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.

 We have an employment agreement with CTO, Bill Tan
Yee Wei effective January 1, 2020.

 We have an employment agreement with CEO, Hanwei Wang
on August 15, 2023 for 10 years.

 Equity Compensation Plan Information

 We do not have any compensation plan as of December
31, 2024.

 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, 2024 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)

 North America Chinese Financial Association

 3,958,850

 34.737

 %

 Hsu, Chien-Lung

 1,750,000

 15.355

 %

 Esther Jou

 1,655,000

 14.522

 %

 Lin, Shih-Hsiung

 700,000

 6.1420

 %

 Tan Yee-Wei

 0.0040

 %

 Yanru Zhou

 0.0040

 %

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

 8,064,850

 70.764

 %

 (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 11,396,638 shares of Common Stock outstanding as of December
31, 2024 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.

 We have an employment agreement with CTO, Bill Tan
Yee Wei effective January 1, 2020.

 We have an employment agreement with CEO, Hanwei Wang
on August 15, 2023 for 10 years, subject to automatic renewals.

 Equity 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

 During the year of 2024, there was no change in control.

 ITEM 13.

 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS.

 Transactions with Related Persons

 During the year of 2024, 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
direc tors, 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.

 2024

 2023

 Audit fees(1)

 $

 10,440

 $

 13,280

 Audit-related fees

 $

 —

 $

 —

 Tax fees(2)

 $

 —

 $

 —

 All other fees

 $

 —

 $

 —

 Total

 $

 10,440

 $

 13,280

 (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 Victor Mokuolu,
CPA PLLC, for our financial statements as of and for the year ended December 31, 2024.

 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 following materials from our Annual Report
 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 Worldwide Holdings
Ltd.

 December 31, 2024 and
2023

 Index to the financial
statements

 Contents

 Page(s)

 Report of Independent Registered Public Accounting Firm (PCAOB ID: 6771)

 Balance Sheets

 Statements of Operations

 Statements of Stockholders' Deficiency

 Statements of Cash Flows

 Notes to the Financial Statements

 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

 To the Board of Directors and Stockholders

 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, 2024, and December 31, 2023, and the related statements of
operations, stockholders' deficiency, and cash flows for each of the two years in the period ended December 31, 2024, 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, 2024, and December 31, 2023, and the results of its operations
and its cash flows for each of the two years in the period ended December 31, 2024, in conformity with accounting principles generally
accepted in the United States of America.

 Substantial Doubt about the Company's ability
to continue as a Going Concern

 The accompanying financial statements have been prepared
assuming the Company will continue as a going concern. As discussed in Note 2, Going Concern to the financial statements, the Company
has suffered recurring losses from operations and has a significant accumulated deficit of $2,526,784 and a working capital deficit of
$540,252 as of December 31, 2024. These factors raise substantial doubt about the Company's 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 audits to obtain reasonable assurance about whether the financial statements
are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform,
an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal
control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal
control over financial reporting. Accordingly, we express no such opinion.

 Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 Critical Audit Matters

 A critical audit matter is a matter arising from the
current period audit of the financial statements that was communicated or required to be communicated to the Company's audit committee
equivalent and that: (1) relates 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.

 /s/ Victor Mokuolu, CPA PLLC

 We have served as the Company's auditor since 2025.

 Houston, Texas

 June 30, 2025

 PCAOB ID: 6771

 F- 1

 SUIC Worldwide Holdings
Ltd.

 Balance Sheets

 December
 31,
 2024

 December
 31,
 2023

 ASSETS

 CURRENT ASSETS:

 Cash

 $
 38,495

 $
 7,600

 Total Current Assets

 38,495

 7,600

 NONCURRENT ASSETS:

 Fixed assets

 —

 Other interest receivables

 15,702

 11,702

 Other loans receivables

 90,000

 Total Non-Current
 Assets

 45,702

 101,802

 Total Assets

 $
 84,197

 $
 109,402

 LIABILITIES AND STOCKHOLDERS'
 (DEFICIENCY)

 CURRENT LIABILITIES:

 Credit card payable

 $
 11,756

 $
 5,474

 Accounts payable - related
 party

 8,769

 Short term debts

 97,900

 107,734

 Loans payables- others

 254,445

 103,470

 Other payables - related party

 96,000

 96,000

 Accrued interest
 payable

 109,877

 91,063

 Total Current
 Liabilities

 578,747

 433,741

 NON-CURRENT LIABILITIES:

 Convertible
 promissory notes- other

 279,000

 279,000

 Total Non-Current
 Liabilities

 279,000

 279,000

 Total Liabilities

 857,747

 712,741

 Stockholders' (Deficiency)

 Common stock,
 $ 0.01
 par value, 394,500,000
 shares authorized; 11,396,638
 shares and 11,356,638 shares issued and outstanding as of December 31, 2024 and 2023, respectively

 41,544

 41,504

 Additional paid-in capital

 1,711,691

 1,647,731

 Accumulated deficit

 ( 2,526,784
)

 ( 2,292,573
)

 Total Stockholders'
 (Deficiency)

 ( 773,550
)

 ( 603,339
)

 Total Liabilities
 and Stockholders' (Deficiency)

 $
 84,197

 $
 109,402

 See accompanying
notes to the financial statements.

 F- 3

 SUIC Worldwide Holdings
Ltd.

 Statements of Operations

 Years Ended December 31,

 2024

 2023

 Revenue

 $
 —

 $
 —

 Cost of revenues

 —

 —

 Gross Profit

 —

 —

 Operating Expenses

 General
 and administrative

 157,623

 150,995

 Bad debt expenses

 60,000

 380,578

 Total operating
 expenses

 157,623

 531,573

 Loss from operations

 ( 217,623
)

 ( 531,573
)

 Other income:

 5,030

 7,911

 Other expense:

 Interest expense - related party

 ( 18,814
)

 ( 19,948
)

 Interest expense – other

 ( 2,803
)

 ( 143
)

 Expense for
 Uncollectible Dividends

 —

 ( 9,000
)

 Total other expense:

 ( 21,618
)

 ( 29,091
)

 Loss before income tax provision

)

)

 Income tax
 provision

 —

 —

 Net Loss

)

)

 Net Loss

 $
)

 $
)

 Weighted average shares outstanding

 Basic

 11,380,354

 4,584,035

 Diluted

 290,380,354

 283,584,035

 See accompanying notes
to the financial statements.

 F- 4

 SUIC Worldwide Holdings Ltd.

 Statements of Stockholders' (Deficiency)

 Common
 Stock

 Additional

 Number
 of Shares

 Amount

 Paid-in
 Capital

 Accumulated (Deficit)

 Total

 Balance, December 31, 2022

 33,503,604

 $

 33,504

 $

 1,647,731

 $

 ( 1,739,820

)

 $

 ( 58,585

)

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

 3,356,638

 $

 33,504

 $

 1,647,731

 $

 ( 1,739,820

)

 $

 ( 58,585

)

 Shares issued for cash

 8,000,000

 $

 8,000

 —

 —

 $

 8,000

 Net income (loss)

 —

 —

 —

)

 $

)

 Balance, December 31, 2023

 11,356,638

 $

 41,504

 $

 1,647,731

 $

 ( 2,292,573

)

 $

 ( 603,339

)

 Shares Issued for service

 40,000

 $

 $

 63,960

 $

 64,000

 Net income (loss)

 $

)

 $

)

 Balance, December 31, 2024

 11,396,638

 $

 41,544

 $

 1,711,691

 $

 ( 2,526,784

)

 $

 ( 773,550

)

 See accompanying notes to the financial statements.

 F- 5

 SUIC Worldwide Holdings
Ltd.

 Statements of Cash
Flows

 Years Ended December 31,

 2024

 2023

 CASH
 FLOW FROM OPERATING ACTIVITIES

 Net
 Loss

 $
)

 $
)

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

 Depreciation

 Impairment loss-
 disposal of office equipment

 —

 Change in operating
 assets and liabilities

 Change
 in accounts receivable

 —

 362,525

 Other interest receivable

 ( 4,000
)

 ( 4,500
)

 Other loans receivables

 60,000

 67,078

 Change in credit card payable

 6,282

 3,710

 Accounts payable

 ( 21,231
)

 Accrued expenses and other current liabilities

 18,814

 16,948

 Net cash provided
 by (used in) operating activities

 $
 ( 174,245
)

 $
 ( 76,942
)

 CASH
 FLOW FROM INVESTING ACTIVITIES

 Short
 term investment

 —

 Net
 cash provided by investing activities

 —

 CASH
 FLOW FROM FINANCING ACTIVITIES

 Repayment of
 short term debts

 ( 9,834
)

 ( 65,000
)

 Proceeds from
 loan payables - others

 150,975

 —

 Shares issued for cash

 64,000

 Loans payable

 —

 103,470

 Net cash provided
 by financing activities

 $
 205,141

 $
 38,470

 INCREASE(DECREASE)
 IN CASH

 30,895

 ( 8,472
)

 Cash
 - beginning of year

 7,600

 16,072

 Cash
 - end of year

 $
 38,495

 $
 7,600

 Supplement
 disclosure information

 Cash paid for
 interest

 $
 2,803

 $

 Cash paid for
 income taxes

 —

 —

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

 F- 6

 SUIC Worldwide Holdings Ltd.

 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 were spun off through stock transfer and
debt cancellation for the best interest of shareholders.

 From 2018 to present, the Company focused on 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 Ltd (its corporate name was changed from Sinoway International Corp.). As of December 31, 2024,
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 financial statements have been
prepared assuming that the Company will continue as a going concern. The Company had a working capital deficit of $ (540,252), an
accumulated deficit of $(2,526,784) and stockholders' deficit was $(773,550) as of December 31, 2024. The Company has
generated no cash or income from its 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 8 –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.

 F- 7

 NOTE 3 – Summary of Significant Accounting Policies

 Use
of Estimates

 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 disclosure of contingent assets and liabilities at the date of the 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 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.

 Accounts Receivable and Allowance for Doubtful Accounts

 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 Receivables (Topic 310) 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, 2024 and 2023, the Company recorded bad debt expenses of $60,000 and $380,578, 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
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. There is zero revenue as of December 31, 2024 and 2023.

 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.

 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 since 2020, 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, the Company wrote off the investment in iDrink Taiwan.

 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, 2024, 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 11,396,638 and 290,396,638 respectively.

 Recently Issued Accounting Pronouncements

 In November 2024, the Financial Accounting Standards
Board ("FASB") issued Accounting Standards Update ("ASU") No. 2024-04, Debt with Conversion and Other Options
(Subtopic 470-20): Induced Conversions of Convertible Debt Instruments, which clarify the requirements related to accounting for the settlement
of a debt as an induced conversion. ASU 2024-04 is intended to improve the relevance and consistency in application of the induced conversion
guidance in Subtopic 470-20 for convertible debt instruments with cash conversion features and debt instruments that are not currently
convertible. ASU 2024-04 is effective for fiscal years beginning after December 15, 2025, with early adoption permitted. We plan to adopt
ASU 2024-04 in the first quarter of fiscal year 2026. We are currently evaluating the impact of this ASU on our financial statements and
disclosures.

 In December 2023, the Financial Accounting Standards
Board ("FASB") issued Accounting Standards Update ("ASU") 2023-09, "Income Taxes (Topic 740): Improvements
to Income Tax Disclosures," which modifies the rules on income tax disclosures to require disaggregated information about a reporting
entity's effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors
by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. The guidance is effective
for annual periods beginning after December 15, 2024, with early adoption permitted. ASU 2023-09 should be applied on a prospective basis,
but retrospective application is permitted. The Company is currently evaluating the potential impact of adopting this new guidance on
our financial statements and related disclosures.

 In November 2023, the FASB issued ASU 2023-07, "Segment
Reporting (Topic 280): Improvements to Reportable Segment Disclosures," which is intended to improve reportable segment disclosure
requirements, primarily through enhanced disclosures about significant segment expenses. The purpose of the amendment is to enable investors
to better understand an entity's overall performance and assess potential future cash flows. The guidance is effective for fiscal
years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption
permitted. The guidance is to be applied retrospectively to all prior periods presented in the financial statements. The Company will
begin providing the enhanced reportable segment financial disclosures effective with its Annual Report on Form 10-K for the year ending
December 31, 2024.

 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- 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 and $279,000 as
of December 31, 2024 and December 31, 2023, respectively.
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:

 Date

 Description

 December 31, 2024

 December 31, 2023

 October 1, 2017

 Loan granted convertible to 65 million shares of common stock of the Company.

 $65,000

 $65,000

 December 1, 2018

 Loan granted convertible to 20 million shares of common stock of the Company.

 January 29, 2019

 Loan granted convertible to 15 million shares of common stock of the Company.

 $15,000

 $15,000

 June 1, 2019

 Loan granted convertible to 50 million shares of common stock of the Company.

 $50,000

 $50,000

 July 1, 2019

 Loan granted convertible to 20 million shares of common stock of the Company

 $12,000

 December 1, 2019

 Loan granted convertible to 20 million shares of common stock of the Company.

 January 22, 2020

 Loan granted convertible to 35 million shares of common stock of the Company.

 $35,000

 $35,000

 June 1, 2020

 Loan granted convertible to 12 million shares of common stock of the Company.

 $12,000

 $12,000

 August 25, 2020

 Loan granted convertible to 25 million shares of common stock of the Company.

 December 28, 2020

 Loan granted convertible to 25 million shares of common stock of the Company.

 Total:

 $279,000

 $287,000

 Payments:

 On November 6, 2023, the creditor Shoou-Chyn Kan holder of convertible promissory note dated July 1, 2019 for $20,000 converted 8,000,000 shares of common stock at conversion price of $0.001.

 -

 ($8,000)

 Balances.

 $279,000

 $279,000

 The Company signed the
following unsecured short term debt agreements with creditor, Shoou Chyn Kan with interest rate at 1.% per annum for
a total of $172,734 in the year 2020 to 2021. The short term debts total $97,900 and $107,734 as of December 31, 2024 and December 31,
2023 respectively. The company paid a total of $65,000 in the year 2023 and $48,939 in the year 2024. The Company plans to clear the balances
of the Short Term Loans in year 2025, so it is classified as short-term liability. The composition of the outstanding balances is stated
in the following table:

 Date

 December 31, 2024

 December 31, 2023

 Balance 12/31/2020

 $2,734

 March 29, 2021

 $10,000

 August 23, 2021

 $80,000

 December 16, 2021

 $60,000

 December 21, 2021

 Total:

 $ 172,734

 $ 172,734

 Payments

 -

 $(65,000)

 Balance: December 31, 2023

 $107,734

 $107,734

 January 23, 2024

 $2,104

 February 14, 2024

 July 30, 2024

 $12,000

 Payments:

 $(48,939)

 Balance, December 31, 2024

 $97,900

 NOTE 5 –
Transactions with Significant Creditors

 Shoou -Chyn Kan is a significant creditor of the Company
that could influence the decisions of the Company (please refer to Note 4 Convertible Promissory Note and Short Term Loans). And Shoou-Chyn
Kan maintains business relationships with a number of Company's shareholders.

 As of December 31, 2024, the outstanding balance of
the convertible promissory note (principal) from the creditor- Shoou -Chyn Kan is $279,000 with unpaid total balance of $105,284 in
accrued interest. For the year ended December 31, 2024, the Company recognized interest expense related to those convertible promissory
notes of $17,550.

 As of December 31, 2023, the outstanding balance of
the convertible promissory note (principal) from the credit Shoou-Chyn Kan is $279,000 with unpaid total balance of $87,734 in accrued
interest. For the year ended December 31, 2023, the Company recognized interest expense related to those convertible promissory notes
of $19,948.

 As of December 31, 2024, the outstanding balance of
the short-term loan (principal) from the creditor- Shoou -Chyn Kan is $97,900 with unpaid total balance of $4,594 in accrued interest.

 As of December 31, 2023, the outstanding balance of
the short-term loan (principal) from the creditor- Shoou-Chyn Kan is $107,734 with unpaid total balance of $3,329 in accrued interest.

 On November 6, 2023, the creditor Shoou -Chyn Kan holder
of convertible promissory note dated July 1, 2019 for $20,000 converted 8,000,000 shares of common stock at conversion price of $0.001.
The shares were donated to North American Chinese Financial Association, a non-profit organization to which Shoou-Chyn Kan is a member.

 The total of Loan Payable- Others was $254,445 and
$103,470 as of December 31, 2024 and December 31, 2023 respectively. These loans were obtained through Shoou-Chyn Kan in business transactions
with some of the Company's shareholders.

 NOTE 6 – Related Party Transactions and Balances

 North American Chinese
Financial Association, is a shareholder of the Company. The Company has an outstanding account payable to NACFA totaling $8,769, and
$20,000 as of December 31, 2024 and December 31, 2023 respectively.

 Unise Investment Corp.,
is a shareholder of the Company. The Company has an outstanding other payable to Unise Investment Corp totaling $96,000 and
$96,000 as of December 31, 2024 and December 31, 2023 respectively. The Company has an outstanding account payable of $0 and $10,000
as of December 31, 2024 and December 31, 2023 respectively.

 F- 10

 NOTE 7 – Income
Taxes

 The unused net
operating loss carryover was $(2,526,784) and $2,292,573 as
of December 31, 2024 and December 31, 2023 respectively. 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,

 2024

 2023

 Deferred Tax Asset

 $

 530,625

 $

 481,440

 Valuation Allowance

 $

 ( 530,625

)

 ( 481,440)

 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,

 2024

 2023

 Pre-tax income(loss)

 $

 ( 234,211)

 $

 ( 552,753)

 U.S. federal corporate income tax rate

 %

 %

 Expected U.S. income tax expense(benefit)

 $

 ( 49,184

)

 $

 ( 116,078

)

 Change of valuation allowance

 $

 49,184

 $

 116,078

 Effective tax expense

 $

 —

 $

 —

 NOTE 8 –
Subsequent Events

 The Company has evaluated subsequent events through
the filing of this Form 10-K with the SEC, and determined that 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.

 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: June 30, 2025

 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

 June 30, 2025

 Han-Wei Wang

 (Principal Executive Officer)

 /s/ Yanru Zhou

 Chief Financial Officer

 June 30, 2025

 Yanru Zhou

 (Principal Financial Officer)