ANNUAL REPORT ON FORM 10-K

 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 EXCHANGE ACT OF 1934

 For the transition period from ______________ to ______________

 Commission file number: 000-55930

 (Exact name of registrant as specified in its charter)

 delaware

 82-3184409

 (State or other jurisdiction of

 (I.R.S. Employer

 incorporation or organization)

 Identification No.)

 35/F, Central Plaza, 18 Harbour Road

 Wanchai, Hong Kong

 00000

 (Address of principal executive offices)

 (zip code)

 Registrant's telephone number, including
area code: + 852 2824 8560

 Securities registered pursuant to Section 12(b)
of the Act: LDSN

 Securities registered pursuant to Section 12(g)
of the Act:

 Common Stock, $0.0001 par value

 Title of each class

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

 Indicate by check mark if
the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes No

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

the registrant has submitted electronically every Interactive Data File required to be submitted 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 such files). Yes No

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

 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.

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. Yes No

 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.

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).

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

 Indicate the number of shares
outstanding of each of the registrant's classes of common stock, as of the latest practicable date.

 Common Stock

 Outstanding as of April 2, 2025

 Common Stock, $.0001 par value per share

 563,466,410 shares

 Page

 Item 1

 Description of Business

 Item 1A

 Risk Factors

 Item 1B

 Unresolved Staff Comments

 Item 1C

 Cybersecurity

 Item 2

 Properties

 Item 3

 Legal Proceedings

 Item 4

 Mine Safety Disclosures

 Item 5

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

 Item 6

 Reserved

 Item 7

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

 Item 7A

 Quantitative and Qualitative Disclosures about Market Risk

 Item 8

 Financial Statements and Supplementary Data

 Item 9

 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 Item 9A

 Controls and Procedures

 Item 9B

 Other Information

 Item 9C

 Disclosure Regarding Foreign Jurisdictions That Prevent Inspections

 Item 10

 Directors and 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 Transactions, and Director Independence

 Item 14

 Principal Accounting Fees and Services

 Item 15

 Exhibits, Financial Statement Schedules

 Item 16

 Form 10-K Summary

 Signatures

 i

 CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

 This Annual Report on Form
10-K includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended that are not historical facts, and involve risks and uncertainties that
could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical
facts, included in this Form 10-K including, without limitation, statements in the "Market Overview" and "Management's
Discussion and Analysis of Financial Condition and Results of Operations" regarding the Company's market projections, financial
position, business strategy and the plans and objectives of management for future operations, events or developments which the Company
expects or anticipates will or may occur in the future, including such things as future capital expenditures (including the amount and
nature thereof); expansion and growth of the Company's business and operations; and other such matters are forward-looking statements.
These statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical
trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances.
However, whether actual results or developments will conform with the Company's expectations and predictions is subject to a number of
risks and uncertainties, including general economic, market and business conditions; the business opportunities (or lack thereof) that
may be presented to and pursued by the Company; changes in laws or regulation; and other factors, most of which are beyond the control
of the Company.

 These forward-looking statements
can be identified by the use of predictive, future-tense or forward-looking terminology, such as "believes," "anticipates,"
"expects," "estimates," "plans," "may," "will," or similar terms. These statements appear
in a number of places in this filing and include statements regarding the intent, belief or current expectations of the Company, and its
directors or its officers with respect to, among other things: (i) trends affecting the Company's financial condition or results of operations
for its limited history; (ii) the Company's business and growth strategies; and, (iii) the Company's financing plans. Investors are cautioned
that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and
that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such
factors that could adversely affect actual results and performance include, but are not limited to, the Company's limited operating history,
potential fluctuations in quarterly operating results and expenses, government regulation, technological change and competition. For information
identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements,
please refer to the Risk Factors section herein.

 Consequently, all of the
forward-looking statements made in this Form 10-K are qualified by these cautionary statements and there can be no assurance that the
actual results or developments anticipated by the Company will be realized or, even if substantially realized, that they will have the
expected consequence to or effects on the Company or its business or operations. The Company assumes no obligations to update any such
forward-looking statements.

 ii

 ITEM 1. DESCRIPTION
OF BUSINESS.

 Corporate History

 We were incorporated under
the laws of the State of Delaware on March 6, 2014, under the name "Jovanovic-Steele, Inc." Our name was changed to Baja Custom
Designs, Inc. on October 26, 2017. On May 8, 2020, we acquired Luduson Holding Company Limited, a limited liability company organized
under the laws of British Virgin Islands ("LHCL"). the acquisition was originally for entering into the gaming technology
business. However, we disposed LHCL in April 2023 due to the laborious due diligence process and time staking. On May 24, 2023, we entered
into a Share Exchange Arrangement to acquire Glamourous Group Holding Limited, a limited liability company incorporated in the United
Kingdom of England and Whales. The acquisition was completed on July 06, 2023, with the new name of Luduson G Inc ("Luduson"
or "LDSN"). On September 26, 2023, Glamourous Group Holding Limited (UK) has been merged and replaced with a Hong Kong entity,
Glamorous Holdings International Company Limited as part of group restructuring. The Company had also rolled in Glamourous Holdings Company
Limited (HK) as part of the group restructuring. On March 28, 2024, the Company rolled in LWH Consulting Sdn Bhd ("LWH Consulting"),
a limited liability company incorporated in Malaysia, to carry out the provision of listing consulting services for clients with business
interests in the Greater Bay Area in China and other parts of the world and assisting them to achieve the largest market value for listing
in a short period. On September 28, 2024, the Company disposed LWH Consulting as director's renumeration. On December 20, 2024,
in line with the Company's revisited investment focus, both Hong Kong companies were replaced by Glamourous Pictures Group Limited
to support further growth.

 Our corporate structure is
set forth as below:

 The Company started off primarily
in the business of building and fostering relationships between leading influencers and brands, including engagements in influencer management,
commercial film production and online ecosystem development company. Due to high demand, the Company expanded and evolved into a boutique
listing consulting firm. Leveraging its extensive industry relationships, broad network, and solid expertise, the consulting arm assists
clients in accessing global capital markets, including the US stock exchanges—one of the most dynamic financial markets with a diverse
investor base—enhancing liquidity and optimizing market opportunities. Bilingual advantages have garnered us a foothold in South-East
Asia, including but not limited to Malaysia, Singapore, Vietnam and Cambodia.

 Our new goal is to establish
a premier advisory platform that empowers clients with strategic guidance and seamless access to international financial hubs, fostering
sustainable growth, maximizing market potential, and enhancing shareholder value.

 Our principal executive
and registered offices are located at 35/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong, telephone number +852 2824 8560.

 History

 We were established as part
of the Chapter 11 Plan of Reorganization of Pacific Shores Development, Inc. ("PSD"). PSD and its subsidiary, Jovanovic-Steele,
were in the real estate development business, and the real estate crash and the recession of 2008 made it impossible for them to obtain
the financing needed to carry on their projects. In 2010, PSD filed for chapter 11 bankruptcy protection. The U.S. Bankruptcy Court for
the Southern District of California ordered the incorporation of the Company and the distribution of the following securities:

 80,000 shares of the Company's common stock were distributed to all general unsecured creditors of PSD on a pro rata basis according to amount of debt held;

 500,000 shares of the Company's common stock were distributed to all administrative creditors of PSD, with these creditors receiving one share of common stock in the Company for each $0.10 of PSD's administrative debt held;

 2,500,000 common stock purchase warrants of the Company were distributed to all administrative creditors of PSD, with these creditors receiving five common stock purchase warrants of the Company for each $0.10 of PSD's administrative debt held. The 2,500,000 warrants consisted of 500,000 "A Warrants" each convertible into one share of common stock at an exercise price of $4.00; 500,000 "B Warrants" each convertible into one share of common stock at an exercise price of $5.00; 500,000 "C Warrants" each convertible into one share of common stock at an exercise price of $6.00; 500,000 "D Warrants" each convertible into one share of common stock at an exercise price of $7.00; and 500,000 "E Warrants" each convertible into one share of common stock at an exercise price of $8.00. All warrants are exercisable at any time prior to August 30, 2020.

 The exercise price of the
warrants was reduced to $0.10 per share on April 7, 2020, and on April 15, 2020, the warrant expiration date was extended to August 30,
2025.

 On March 6, 2014, we issued
20,000 common shares for services at par value, $0.0001 per share, for total value of $2. On June 16, 2014, we issued a total of 15,000,000
common shares for services at par value, $0.0001 per share, for total value of $1,500. On August 1, 2017, we issued a total of 10,000
common shares for services at par value, $0.0001 per share, for a total value of $1.

 On April 3, 2020, Linda Masters,
the Company's then Chief Executive Officer and President, entered into a Stock Purchase Agreement (the "2020 SPA"),
pursuant to which Ms. Masters agreed to sell to Lan CHAN 14,960,000 shares of common stock of the Company, par value $0.0001 (the "Shares"),
representing approximately 95.8% of the issued and outstanding common stock of the Company, for aggregate consideration of Three Hundred
Ninety One Thousand Dollars ($391,000) in accordance with the terms and conditions of the 2020 SPA. The acquisition of the Shares
consummated on April 15, 2020, and was purchased by Lan CHAN with his personal funds. As a result of the acquisition, Mr. Chan holds a
controlling interest in the Company and may unilaterally determine the election of the Board and other substantive matters requiring approval
of the Company's stockholders.

 Upon the consummation of
the sale of the Shares, Linda Masters, the Company's then Chief Executive Officer, President and director, and Kathleen Chula, the
Company's then Vice President and Director, resigned from all of their positions with the Company, effective April 15, 2020. Their
resignations were not due to any dispute or disagreement with the Company on any matter relating to the Company's operations, policies
or practices.

 Concurrently with such resignations,
Lan CHAN was appointed to serve as the Chief Executive Officer, Chief Financial Officer, President, Secretary and sole Director of the
Company, until the next annual meeting of stockholders of the Company and until such director's successor is elected and qualified
or until such director's earlier death, resignation or removal. None of the directors or executive officers has a direct family
relationship with any of the Company's directors or executive officers, or any person nominated or chosen by the Company to become
a director or executive officer. Mr. Chan will serve in his positions without compensation. The Company hopes to enter into a compensatory
arrangement with each officer in the future.

 Acquisition of LHCL

 On May 8, 2020, we executed
a Share Exchange Agreement, or the "Share Exchange Agreement," with Luduson Holding Company Limited, a limited liability
company organized under the laws of British Virgin Islands, or "LHCL," and the shareholders of LHCL. Pursuant to the Share
Exchange Agreement, we purchased Ten Thousand (10,000) shares of LHCL, or the "LHCL Shares," representing all of the issued
and outstanding shares of common stock of LHCL. As consideration, we agreed to issue to the shareholders of LHCL Ten Million (10,000,000)
shares of our common stock, at a value of US $0.10 per share, for an aggregate value of US $1,000,000. We consummated the acquisition
of LHCL on May 22, 2020. LHCL is a business-to-business gaming technology company. As a result of our acquisition of LHCL, we entered
into the business-to-business gaming technology industry.

 Reverse Acquisition and
Spin-Out

 On July 06, 2023, the Company
completed the Reverse Takeover of Glamourous Group Holding Limited ("GGHI"), a limited liability company incorporated in the
United Kingdom of England and Wales, by the issuance of 320,000,000 common shares to Ho Chi Wan, the sole shareholder of GGHI, on July
01, 2023. The then-Company continued trading under Luduson G Inc. The issuance of the shares was exempt from registration under the Securities
Act of 1933 pursuant to Section 4(a)(2) thereof on the basis that the transaction did not involve a public offering. The shares are subject
to restrictions on resale pursuant to Commission Rule 144 under the Securities Act.

 As of May 24, 2023, the Company
disposed of the investment in unlisted shares ("Unlisted Shares"), which are the subsidiaries that had been deconsolidated
on May 12, 2023, to Mr. Lan CHAN, a substantial shareholder of the Company at a consideration of $2,821. The Unlisted Shares were classified
as a financial asset at fair value through profit or loss at a carrying value of $2,821 as of the disposal date. There was no gain or
loss arising from the disposal.

 The Company issued an equivalent
of 91.9% fully diluted shares to the business owner of the Target, Ms Ho Chi Wan, in exchange for 100% of the Target and the whole operation.
After such a transaction, Ms Wan gained control of the Company and in effect completed a business combination of the Target with the Company,
resulting in a reverse acquisition (the "Reverse Acquisition"). Glamourous Group Holding Limited includes an experienced team
with full employment contracts, expertise, and customer and supplier list, but has immaterial tangible assets and liabilities. The estimated
NAV is foreseen to create a big profit for the Company, with more than 1,000 Greater China influencers having a very dominant track record
in the Hong Kong movie industry. At the same time, the deconsolidated entities will be returned to the former Director(s) (the "Spin-out").

 Group Restructuring

 On 26 September, Glamourous Group Holding Limited
(UK) was merged and replaced with a Hong Kong entity, Glamorous Holdings International Company Limited as part of group restructuring.
The Company also rolled in Glamourous Holdings Company Limited (HK) as part of the group restructuring. The Company had also rolled in
Glamourous Holdings Company Limited (HK) as part of the group restructuring. On March 28, 2024, the Company rolled in LWH Consulting Sdn
Bhd ("LWH Consulting"), a limited liability company incorporated in Malaysia, to carry out the provision of listing consulting
services for clients with business interests in the Greater Bay Area in China and other parts of the world and assisting them to achieve
the largest market value for listing in a short period. On September 28, 2024, the Company disposed LWH Consulting as director's
renumeration.

 On December 20, 2024, in line with the Company's revisited investment
focus, both Hong Kong companies were replaced by Glamourous Pictures Group Limited to support further growth.

 The Company is currently refining the second
stage of its restructuring plan, focusing on optimizing operations and enhancing strategic initiatives to drive sustainable growth. As
part of this transformation, we are actively evaluating new opportunities and aligning our resources to strengthen our market position.
In line with these efforts, we will be introducing fresh leadership and innovative perspectives to propel the Company forward. We anticipate
announcing our new strategic direction for 2025 in the coming months, marking a significant step in our evolution and commitment to long-term
success.

 Our Products and Services

 The operating entity, Glamourous
began as a dynamic player in the business consulting space, providing expert guidance to companies seeking to enhance their operations,
expand their market presence, and achieve sustainable growth. Leveraging deep industry expertise, the company initially focused on offering
strategic business solutions tailored to the evolving needs of corporations across various sectors. As the financial landscape became
increasingly complex and global capital markets presented new opportunities, Glamourous identified a growing demand for specialized advisory
services, particularly in corporate finance and capital market access.

 Recognizing this shift, the
Group strategically transformed into a boutique consulting firm, dedicated to assisting businesses in navigating the intricacies of financial
markets. With a strong foundation in strategic planning, investor relations, and corporate structuring, Glamourous now provides tailored
solutions that enable companies to enhance their financial positioning, optimize shareholder value, and access capital more efficiently.
By leveraging its extensive network, deep industry relationships, and market insights, the firm empowers clients to successfully position
themselves for growth, achieve regulatory compliance, and expand their investor base. Through a client-centric approach and a commitment
to excellence, Glamourous continues to support businesses in unlocking new market opportunities and achieving long-term financial success.

 Markets and Regions

 Southeast Asia presents significant
consulting opportunities across various industries, driven by rapid economic growth, digital transformation, and evolving regulatory landscapes.
While the initial aim was to serve customers having business interests in the Greater Bay area, excluding China from our market focus
in the second half allows us to strategically navigate geopolitical tensions while capitalizing on the immense potential within ASEAN
nations.

 The Company initially focused
on movie streaming platforms are influencers and KOLs, which are personalities on these platforms that have amassed huge exposure and
popularity. KOL can make great profits from marketing and online live selling, catering a unified entertainment universe for China market,
Asia market and all overseas Chinese around the world.

 Currently, we do not derive
any revenue from our business segments yet.

 Our Strategies

 As The Company. expands its
business scope from entertainment into boutique listing consulting, a strategic approach is essential to leverage its existing network
and industry expertise. The company will capitalize on its well-established connections in the entertainment sector to attract high-profile
clients and niche businesses seeking personalized listing consulting. By integrating entertainment-driven engagement strategies with corporate
advisory services, the Company can offer unique branding and marketing solutions that differentiate its consulting services from traditional
firms. Additionally, fostering partnerships with financial institutions, investors, and regulatory bodies will enhance credibility and
streamline the listing process for clients.

 To strengthen its position
in the boutique listing consulting industry, the Company will utilize its entertainment background to implement innovative storytelling
techniques to enhance client branding and public relations, ensuring maximum visibility and investor confidence. A dedicated team of financial
analysts and corporate strategists will provide tailored advisory services, guiding businesses through regulatory compliance, market positioning,
and post-listing growth strategies. This synergy between entertainment and finance will create a competitive edge in a rapidly evolving
marketplace.

 Most importantly, the Company.
will emphasize long-term relationship-building with its clients by offering ongoing advisory support beyond the listing phase. By integrating
interactive content, virtual investor roadshows, and engagement-driven experiences, the company can ensure sustained investor interest
and brand loyalty for its clients. Additionally, expanding its consulting reach into international markets through strategic alliances
and localized expertise will drive business growth. Through a combination of entertainment-driven engagement, financial expertise, and
a global outlook, Luduson G Inc. is poised to redefine boutique listing consulting with an innovative and client-centric approach.

 The Company is currently in
preparation for a Reverse Take-Over ("RTO") of a financial institution based in Cambodia.

 INTELLECTUAL PROPERTY AND PATENTS

 As The Company expands into
boutique listing consulting, protecting intellectual property (IP) and strengthening brand identity will be crucial for maintaining a
competitive edge. The company will develop proprietary consulting frameworks, digital tools, and data-driven methodologies to enhance
the listing process for clients. These assets will be safeguarded through trademarks, copyrights, and potential patents where applicable,
ensuring exclusivity and value differentiation. Additionally, leveraging the company's existing entertainment IP—such as interactive
media, digital engagement platforms, and content marketing expertise—will allow for innovative storytelling and branding solutions
tailored to clients seeking public listings.

 The Company will evolve
to reflect its diversified portfolio while maintaining its reputation for creativity, innovation, and industry leadership. A strong branding
strategy will position us as a premium boutique listing consultant, emphasizing its ability to merge entertainment-driven engagement
with financial expertise. Consistent messaging, a refined corporate identity, and targeted marketing campaigns will reinforce brand recognition
and trust among clients, investors, and stakeholders. Through a combination of IP protection and strategic branding, The Company aims
to solidify its presence in the boutique listing consulting sector while maintaining its legacy of entertainment-driven innovation.

 COMPETITION

 The boutique listing consulting
market in South-East Asia is highly competitive, with a mix of global financial advisory firms, specialized local consultancies, and investment
banks offering listing advisory services. Established firms such as the "Big Four" accounting companies and major financial
institutions dominate the industry with extensive experience in IPO advisory, regulatory compliance, and investor relations. Their strong
brand recognition, deep market expertise, and established networks with stock exchanges and institutional investors create a high entry
barrier for new players. However, these firms often focus on large-scale corporate clients, leaving opportunities for boutique consultancies
like us, to cater to niche businesses and emerging companies that require more personalized and strategic guidance.

 Local boutique consultancies
across major financial hubs like Hong Kong, Singapore, and Tokyo provide another layer of competition. These firms specialize in regional
regulations, industry-specific listing requirements, and local investor relations, offering tailored services that global players may
lack. Many of these consultancies have strong relationships with regional stock exchanges and regulatory bodies, allowing them to expedite
listing approvals and provide insights into evolving compliance frameworks. To compete effectively, the Company will need to establish
strong regulatory expertise, cultivate local partnerships, and differentiate itself by leveraging its entertainment industry background
for unique branding and marketing-driven IPO strategies.

 Another competitive force
comes from investment banks and brokerage firms that integrate listing consulting as part of their broader financial services. These firms
offer end-to-end solutions, including underwriting, market-making, and post-listing financial strategies, giving them an advantage in
securing clients seeking comprehensive support. While we may not directly compete with these large financial institutions in capital market
transactions, it can position itself as a specialist in branding, digital investor engagement, and alternative listing solutions, complementing
the services of traditional financial advisors. Strategic collaborations with investment banks can also enhance the Company's credibility
and expand its service offerings.

 Technology-driven consulting
firms are also emerging as key competitors, leveraging AI-driven analytics, blockchain-based financial solutions, and digital marketing
tools to optimize the listing process. These firms use data-driven insights to help companies navigate valuation, investor targeting,
and regulatory challenges with greater precision. To stay competitive. we must integrate digital tools into its consulting framework,
utilizing data analytics, virtual investor roadshows, and digital storytelling to enhance client visibility and engagement. By combining
traditional listing expertise with innovative digital strategies, the Company can carve out a unique niche in the competitive Asian market.

 Despite the competitive landscape, the Company
has an opportunity to distinguish itself by blending its entertainment-driven engagement strategies with financial consulting expertise.
The company can capitalize on its strengths in branding, media, and interactive content to offer clients a more dynamic approach to public
listings. By targeting emerging industries such as digital entertainment, esports, and creative startups—where traditional financial
firms have limited specialization—we can establish ourselves as the go-to boutique consultant for companies seeking a high-impact,
investor-friendly listing experience. Through strategic differentiation, localized expertise, and innovative service offerings, the Company
can effectively compete in South-East Asia's evolving boutique listing consulting market.

 EMPLOYEES

 As of April 2, 2025, we do
not have any full time employees:

 We work with our consultants
in their specific area of expertise on a contractual basis as they are not employees of the Company.

 GOVERNMENT AND INDUSTRY REGULATIONS

 Luduson G Inc., through
its operating entity in Malaysia, is subject to various government and industrial regulations that govern its business operations. Malaysia
has a well-established regulatory framework that promotes a conducive environment for businesses while ensuring compliance with statutory
requirements. The company operates in accordance with the relevant laws and regulations enforced by Malaysian authorities, including but
not limited to the Companies Act 2016, the Income Tax Act 1967, and the Employment Act 1955.

 The Companies Act 2016 governs
the incorporation, management, and operations of companies in Malaysia. The Company adheres to the requirements related to corporate governance,
financial reporting, and disclosure to ensure transparency and accountability in its business dealings. The Income Tax Act 1967 mandates
the company to comply with tax obligations, including timely filing of tax returns and payment of taxes, ensuring adherence to the country's
tax regime. In 2024, Malaysia's tax landscape continues to evolve, with the government implementing measures to enhance tax compliance
and revenue collection. Key developments include the introduction of the e-Invoicing system for selected taxpayers, aimed at improving
tax administration efficiency and reducing tax evasion. Additionally, corporate tax rates remain at 24%, with certain incentives available
for businesses in high-value sectors and technology-driven industries. The Company. remains vigilant in adapting to these changes and
fulfilling its tax obligations in line with the updated regulations.

 The Employment Act 1955
outlines the rights and responsibilities of employers and employees, and the company is committed to upholding fair labor practices, providing
a safe working environment, and ensuring equitable treatment of its workforce.

 Additionally, the Company
is subject to regulations specific to the technology and digital content industry. The Malaysian Communications and Multimedia Commission
(MCMC) oversees the licensing and operations of businesses involved in communications, broadcasting, and multimedia services. The company
complies with the Communications and Multimedia Act 1998 and other sector-specific guidelines to ensure that its digital content and platform
services meet regulatory standards and safeguard consumer interests.

 The Company is also mindful
of data protection and privacy regulations under the Personal Data Protection Act 2010 (PDPA), which governs the processing of personal
data in commercial transactions. The Company upholds the highest standards in data security and privacy protection to maintain customer
trust and ensure compliance with the PDPA.

 In line with Malaysia's
commitment to anti-corruption and good governance, the Company abides by the Malaysian Anti-Corruption Commission Act 2009. The company
enforces internal policies and procedures to prevent bribery and corruption, fostering a culture of integrity and ethical business conduct.

 We continuously monitor
developments in government policies and regulatory changes to ensure ongoing compliance and alignment with Malaysia's legal and
industrial standards. The company remains proactive in adapting to evolving regulations, mitigating regulatory risks, and sustaining
its position as a responsible corporate entity within the Malaysian market.

 Regulations on Tax

 Value-Added Tax and
Business Tax

 In Malaysia, the Goods and
Services Tax (GST) was repealed and replaced with the Sales and Service Tax (SST) effective 1 September 2018. As of 2024, the SST system
remains in place and continues to apply to businesses operating in Malaysia.

 The Sales Tax is imposed
on taxable goods manufactured in or imported into Malaysia, with rates generally at 5% or 10%, depending on the type of goods. Certain
essential goods may be exempt from sales tax.

 The Service Tax is levied
at a standard rate of 6% on specific prescribed services provided in Malaysia. Businesses providing taxable services must register for
Service Tax if their annual taxable turnover exceeds RM500,000. However, different thresholds apply to specific sectors such as food and
beverage (RM1.5 million) and others.

 Businesses are required to
comply with SST registration, filing, and payment obligations as stipulated by the Royal Malaysian Customs Department. Failure to comply
may result in penalties and fines.

 During the financial year
ended December 31, 2024, the Company ensured full compliance with all applicable SST regulations. The Company maintained proper records
of taxable sales and services to facilitate accurate reporting and timely payment of taxes. No material disputes or non-compliance issues
were reported concerning SST obligations.

 Management continues to
monitor regulatory changes in Malaysia's indirect tax framework to ensure ongoing compliance and minimize potential tax exposure.

 Regulations Relating
to Foreign Exchange and Dividend Distribution

 Foreign Exchange Regulations

 Luduson G Inc., through
its Hong Kong intermediate holding entity, is subject to regulations governing foreign exchange controls and dividend distribution in
the jurisdictions where it operates. In Hong Kong, there are generally no foreign exchange controls, and funds can be freely remitted
in and out of the region. This facilitates the distribution of dividends from the Hong Kong holding entity to the Company and other shareholders.
However, dividend payments from subsidiaries operating in other jurisdictions may be subject to local foreign exchange restrictions, withholding
taxes, and regulatory approvals. Luduson G Inc. and its Hong Kong intermediate holding entity must ensure compliance with applicable laws
and tax regulations in each operating jurisdiction to ensure the smooth repatriation of profits and distribution of dividends. Proper
tax planning and adherence to local statutory requirements are essential to mitigate any potential risks and ensure regulatory compliance
across the group structure.

 Share Option Rules

 The Company, being a Hong
Kong intermediate holding entity can operate share option scheme (the "Scheme") for the purpose of attracting, retaining,
and motivating employees, directors, consultants, and other eligible participants, while aligning their interests with those of the Company
and its shareholders. The Scheme is established in accordance with the applicable rules and regulations under the Hong Kong Companies
Ordinance (Cap. 622) and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing
Rules"). Under the Scheme, the Board of Directors may, at its discretion, grant options to subscribe for ordinary shares in the
Company, subject to the terms and conditions set forth in the Scheme. The exercise price, vesting period, and other specific terms of
each option grant are determined by the Board, provided that the exercise price shall not be less than the highest of (i) the closing
price of the Company's shares on the date of grant; (ii) the average closing price of the Company's shares for the five business
days preceding the date of grant; and (iii) the nominal value of the Company's shares. The total number of shares that may be issued
under the Scheme shall not exceed 10% of the Company's issued share capital as of the date of shareholders' approval, unless
refreshed by shareholders in accordance with the Listing Rules. The Scheme is subject to periodic review and compliance with regulatory
requirements in Hong Kong.

 Regulation of Dividend
Distributions

 Dividend distributions by
the Company are subject to the applicable laws and regulations of Hong Kong, including the Companies Ordinance (Cap. 622), and the Rules
Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Under Hong Kong law, dividends
may only be paid out of profits available for distribution, which generally refers to the accumulated profits of the Company as stated
in its unaudited financial statements, after providing for all applicable expenses, liabilities, and reserves. The declaration and payment
of dividends are subject to the discretion of the Board of Directors, which considers the Company's financial performance, cash
flow position, future capital requirements, and other relevant factors. Additionally, any dividend distribution is subject to compliance
with the Company's constitutional documents and any restrictions or covenants contained in agreements with lenders or other financing
arrangements. There is no withholding tax on dividends paid by a Hong Kong company to its shareholders, regardless of their residence
or nationality.

 SEASONALITY.

 The consulting business in
South-East Asia, including key markets like Malaysia and Singapore, experiences notable seasonality driven by cultural, economic, and
business cycles. The first quarter often sees slower activity due to the Chinese New Year, which causes a temporary lull in business operations
as many clients scale back engagements. Conversely, the second and third quarters generally see a surge in demand as companies refocus
on growth initiatives and budget utilization after the holiday period. This is particularly evident in Singapore's financial and
professional services sectors, where mid-year strategy reviews and compliance deadlines fuel consulting needs. In Malaysia, demand often
picks up around the government's fiscal planning period and before the announcement of the national budget. The fourth quarter tends
to be a mixed period; while some businesses rush to complete projects before the year-end, others adopt a wait-and-see approach due to
budget constraints and preparations for the holiday season. Additionally, the region's reliance on tourism, manufacturing, and export-oriented
sectors can amplify seasonal variations, especially during global economic shifts and peak travel seasons.

 INSURANCE.

 Insurance for consulting businesses in Southeast
Asia, including but not limited to Malaysia and Singapore, plays a crucial role in safeguarding firms against various operational risks.
Consulting businesses often face potential liabilities arising from professional errors, omissions, or client dissatisfaction, making
Professional Indemnity Insurance a critical coverage. This type of insurance protects against legal costs and claims resulting from professional
negligence. Additionally, Public Liability Insurance is essential, as it covers third-party injuries or property damage occurring in the
course of business operations. In Malaysia, insurance requirements may vary based on the consulting sector and licensing bodies, while
in Singapore, businesses are encouraged to maintain comprehensive coverage, especially in industries dealing with financial or legal advisory.
With the region's rapid economic development and growing regulatory frameworks, consulting firms increasingly seek Business Interruption
Insurance and Cyber Liability Insurance to mitigate risks associated with data breaches and operational disruptions. As cross-border consulting
activities expand, policies offering regional coverage have become more popular, ensuring businesses remain protected across multiple
Southeast Asian markets.

 CORPORATE INFORMATION

 Our principal executive and
registered offices are located at 35/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong, telephone number +852-2824 8560.

 NEAR-TERM REQUIREMENTS FOR ADDITIONAL CAPITAL

 We believe that we will require
approximately $1,000,000 over the next 18-24 months to implement our business plan of expanding throughout Hong Kong. For the immediate
future, we intend to finance our business expansion efforts through loans from existing shareholders or financial institutions.

 AVAILABLE INFORMATION

 Access to all of our Securities
and Exchange Commission ("SEC") filings, including our Annual Report on Form 10-K, quarterly reports on Form 10-Q, current
reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), is provided, free of charge, on our website (www.luduson.com) as soon as reasonably
practicable after such reports are electronically filed with, or furnished to, the SEC. The reports will be provided at no cost to the
requester. Each request for these reports should be made to Luduson G Inc., Attention: Secretary, 35/F, Central Plaza, 18 Harbour Road,
Wanchai, Hong Kong.

 Globex Transfer, LLC located
at 780 Deltona Boulevard, Suite 202, Deltona, Florida 32725, telephone number (813) 344-4490, facsimile (386) 267-3124, serves as our
stock transfer agent.

 ITEM 1A. RISK FACTORS.

 An investment in our common
stock involves a number of very significant risks. You should carefully consider the following known material risks and uncertainties
in addition to other information in this document in evaluating our company and its business before purchasing shares of our company's
common stock. You could lose all or part of your investment due to any of these risks.

 Risks Relating to the Company

 Volatility in Global
Interest Rate that is material on our business and may continue to do so for the next twelve months.

 Although 2024 marks a period
of relative stabilization compared to the peak years of the pandemic, residual challenges and structural shifts continue to affect our
operations, client demand, and overall financial performance.

 Revenue and Client Demand

 During the height of the pandemic, many businesses
reduced discretionary spending, including consulting services, which led to a temporary decline in our revenue. While economic activity
has rebounded, some industries we serve, particularly in sectors like retail, travel, and hospitality, are still recovering from prolonged
disruptions. Additionally, remote work trends and digital transformation initiatives have altered client needs, increasing demand for
technology-driven consulting services while reducing traditional in-person engagements.

 Supply Chain and Inflationary Pressures

 Global supply chain disruptions and inflationary
pressures, exacerbated by the pandemic, have increased the cost of certain services and operational expenses. While we have taken steps
to mitigate these impacts through strategic pricing and cost management, ongoing economic uncertainty continues to pose a risk to profitability.

 Regulatory and Compliance Considerations

 The evolving regulatory landscape related to health
and safety measures, data security in remote work environments, and government assistance programs has required continued compliance efforts.
Any changes in these regulations could impact our cost structure and operational flexibility.

 As we move forward, we remain focused on adapting
to post-pandemic shifts by enhancing our digital consulting capabilities, optimizing cost structures, and diversifying service offerings.
While uncertainties persist, we believe that our strategic investments in technology and human capital position us well for sustained
growth in the evolving business environment.

 Despite lingering challenges from COVID-19, we
are optimistic about the long-term prospects of our industry and our ability to drive value for our clients and stakeholders.

 We may be materially
and adversely affected by the complexity, uncertainties and changes in South-East Asia regulation of the companies and businesses in
the consulting industry.

 Our business generates
and processes personal data, and we are required to comply with Personal Data Protection Act ("PDPA") laws and regulations
for managing personal data. These laws and regulations could create unexpected costs, subject us to enforcement actions for compliance
failures, or restrict portions of our business or cause us to change our data practices or business model.

 Our operations across Southeast
Asia are subject to stringent and evolving data privacy and personal data protection laws, including but not limited to Malaysia's
Personal Data Protection Act 2010 (PDPA) and Singapore's Personal Data Protection Act 2012 (PDPA). These regulations govern the
collection, use, storage, and transfer of personal data, imposing strict compliance obligations on businesses operating within these jurisdictions.
Failure to adhere to these requirements may result in significant fines, legal actions, and reputational damage. In Malaysia, businesses
must obtain consent before processing personal data and ensure adequate safeguards are in place, while in Singapore, companies are required
to implement robust data protection policies, conduct regular audits, and report data breaches promptly. Other Southeast Asian countries,
such as Thailand, Indonesia, the Philippines, and Vietnam, have introduced or are in the process of strengthening their data protection
regimes, increasing the complexity of cross-border operations. Divergent regulatory frameworks and enforcement practices across the region
pose operational challenges, requiring continuous monitoring, staff training, and investment in data security infrastructure. Non-compliance
with these data protection laws could materially and adversely affect our business operations, expose us to regulatory scrutiny, and undermine
stakeholder confidence.

 We may become subject to a variety of laws
and regulations in the PRC regarding privacy, data security, cybersecurity, and data protection. We may be liable for improper use or
appropriation of personal information provided by our customers.

 We may become subject to
a variety of laws and regulations in the South-East Asia regarding privacy, data security, cybersecurity, and data protection. These laws
and regulations are continuously evolving and developing. The scope and interpretation of the laws that are or may be applicable to us
are often uncertain and may be conflicting, particularly with respect to foreign laws. In particular, there are numerous laws and regulations
regarding privacy and the collection, sharing, use, processing, disclosure, and protection of personal information and other user data.
Such laws and regulations often vary in scope, may be subject to differing interpretations, and may be inconsistent among different jurisdictions.

 We expect to obtain information
about various aspects of our operations as well as regarding our employees and third parties. We also maintain information about various
aspects of our operations as well as regarding our employees. The integrity and protection of our customer, employee and company data
is critical to our business. Our customers, end users and employees expect that we will adequately protect their personal information.

 We are required by applicable
laws to keep strictly confidential the personal information that we collect, and to take adequate security measures to safeguard such
information.

 Under Malaysia's Computer
Crimes Act 1997 and other related legislation, unauthorized access, theft, or misuse of data, including personal information, is a criminal
offense, punishable by fines and imprisonment. Companies operating in Malaysia are required to take reasonable steps to secure their networks
and information systems, prevent data breaches, and ensure the lawful processing of personal data. Non-compliance with these data protection
and cybersecurity regulations can lead to enforcement actions, reputational damage, and potential disruption to business operations.

 Oversea Listing Requirement
for local entities

 Additional disclosures may
be required to ensure that Malaysian investors are adequately informed. Companies are also expected to comply with Bank Negara Malaysia's
(BNM) foreign exchange administration rules when raising funds overseas, particularly regarding the remittance of proceeds and cross-border
transactions.

 Post-listing, Malaysian entities
remain subject to domestic financial reporting and disclosure requirements, alongside the ongoing obligations of the foreign stock exchange.
Non-compliance with these requirements may result in regulatory action, fines, or reputational damage, potentially affecting the company's
financial position and market perception.

 If we fail to retain
existing or attract new businesses to enter the US Public Listing route, maintain and increase our exposure to South-East Asia emerging
entities, or if we are unable to collect accounts receivable in a timely manner, our business, financial condition may be adversely affected.

 Our business, financial condition,
and future growth prospects may be adversely affected if we fail to retain existing clients or attract new businesses seeking to pursue
the U.S. public listing route. Our ability to maintain and expand our exposure to emerging entities across Southeast Asia, including Malaysia,
Singapore, Indonesia, Thailand, and other developing markets, is critical to our long-term success. These markets represent significant
growth opportunities; however, competition is intensifying, and clients may seek alternative advisory firms or financing avenues.

 Furthermore, delays or defaults
in collecting accounts receivable from clients could strain our working capital, disrupt cash flows, and impact our profitability. Extended
payment cycles or non-payment, particularly from startups and growth-stage companies in emerging markets, could further exacerbate these
risks. Failure to address these challenges could materially and adversely affect our business operations and financial performance.

 Importance of Fundraising
Advisory and Potential Impact.

 As a Listing Consultant,
our ability to offer clients strategic fundraising options is a critical component of our service offering and is essential to their successful
listing and post-listing growth. We facilitate access to various financing avenues, including pre-IPO funding, private placements, bridge
financing, and public market capital raising, enabling our clients to secure the necessary working capital to support their business expansion
and listing ambitions. Our capacity to identify suitable investors, structure financing solutions, and navigate cross-border fundraising
regulations—particularly in Southeast Asia and the U.S.—enhances our value proposition. However, if we are unable to maintain
strong relationships with funding partners, or if market conditions deteriorate, limiting access to financing for our clients, our advisory
capabilities may be compromised. This could lead to reduced client confidence, delays in listings, and the potential loss of business.
Furthermore, if clients are unable to secure sufficient funding through our advisory network, they may resort to less favorable financing
terms or alternative consultants, which could materially and adversely affect our business performance and growth prospects.

 Our future performance
depends to a significant degree upon the continued service of key members of management as well as well-connected Consultants and Key
Personnel

 We are dependent upon the
continued service of Mr. Man Fai CHENG, our Chief Executive Officer and Director, and Eng Wah KUNG, our Chief Financial Officer, Secretary
and Director. The loss of Messrs. CHENG or KUNG or one or more of our other key personnel would have a material adverse effect on
our business, operating results and financial condition. We believe our future success will also depend in large part upon our ability
to attract, retain and further motivate highly skilled management, marketing, sales and product development personnel. We expect
to establish an incentive compensation plan for our key personnel to retain their services. We have experienced intense competition
for personnel, and we cannot assure you that we will be able to retain our key employees or that we will be successful in attracting,
assimilating and retaining personnel in the future.

 Ho Chi WAN, our director
and Non-Executive Chairman, beneficially owns approximately or has the right to vote 57.60% of our outstanding common stock. As a result,
Ms WAN has a substantial voting power in all matters submitted to our stockholders for approval including:

 Election of our board of directors;

 Removal of any of our directors or officers;

 Amendment of our Amended Certificate of Incorporation or Bylaws;

 Adoption of measures that could delay or prevent a change in control or impede a merger, takeover or other business combination involving us.

 As a result of his ownership
and position, Ms WAN is able to substantially influence all matters requiring stockholder approval, including the election of directors
and approval of significant corporate transactions. In addition, the future prospect of sales of significant amounts of shares held by
him could affect the market price of our common stock if the marketplace does not orderly adjust to the increase in shares in the market
and the value of your investment in our company may decrease. Ms WAN's stock ownership may discourage a potential acquirer from
making a tender offer or otherwise attempting to obtain control of us, which in turn could reduce our stock price or prevent our stockholders
from realizing a premium over our stock price.

 Procurement of Services
and Financing Support in Public Listing Advisory

 Our ability to successfully
deliver public listing advisory services is contingent upon the availability of essential third-party service providers, including legal
advisors, auditors, underwriters, valuation experts, and other professionals involved in the listing process. In certain instances, our
capability to secure and coordinate these services in a timely and cost-effective manner is critical to meeting client expectations and
ensuring the smooth progression of listing mandates. Additionally, our success relies significantly on the expertise and networks of
our key personnel, including consultants who possess specialized knowledge of listing regulations and well-established connections within
the financial and regulatory ecosystem. Any disruption in securing these external services, or the loss of experienced and well-connected
professionals, could delay client projects, erode client confidence, and negatively impact our business performance.

 The success of our
business depends on our ability to maintain and enhance our brand.

 We believe that maintaining, protecting, and enhancing
our brand and reputation is of significant importance to the long-term success and growth of our business. Our brand represents the trust
and confidence our clients, partners, and investors place in our services, particularly within the highly competitive consulting and public
listing advisory sector across Southeast Asia and other markets in which we operate. A strong and recognizable brand allows us to differentiate
ourselves from competitors, attract and retain new clients, and strengthen our relationships with existing clients.

 Any failure to preserve the integrity of our brand
or any negative publicity—whether arising from regulatory issues, client dissatisfaction, adverse market perception, or operational
shortcomings—could materially harm our reputation, reduce market demand for our services, and undermine our competitive position.
Moreover, as we expand our operations and seek to grow our presence in Malaysia, Hong Kong, and other key markets, consistent brand development
and reputation management will remain vital in gaining market acceptance and driving sustainable business performance. We intend to continue
investing in marketing, client engagement, and service quality enhancement initiatives to maintain and elevate our brand's standing,
which we believe is a critical factor to our continued success.

 We may grow our business through acquisitions
in the near future, which may result in operating difficulties, dilution, and other harmful consequences.

 We expect to achieve our
business plan through a combination of organic growth and acquisitions and investments. We periodically evaluate an array of potential
strategic transactions and may make one or more acquisitions in the near future. The process of integrating an acquired company, business,
or technology may create unforeseen operating difficulties and expenditures. The areas where we face risks include:

 Implementation or remediation of controls, procedures, and policies at the acquired company;

 Diversion of management time and focus from operating our business to acquisition integration challenges;

 Cultural challenges associated with integrating employees from the acquired company into our organization;

 Retention of employees from the businesses we acquire;

 Integration of the acquired company's accounting, management information, human resource, and other administrative systems;

 Liability for activities of the acquired company before the acquisition, including patent and trademark infringement claims, violations of laws, commercial disputes, tax liabilities, and other known and unknown liabilities;

 Litigation or other claims in connection with the acquired company, including claims from terminated employees, customers, former stockholders, or other third parties;

 In the case of foreign acquisitions, the need to integrate operations across different cultures and languages and to address the particular economic, currency, political, and regulatory risks associated with specific countries; and

 Failure to successfully further develop the acquired product, service or technology.

 Our failure to address these
risks or other problems encountered in connection with future acquisitions and investments could cause us to fail to realize the anticipated
benefits of such acquisitions or investments, incur unanticipated liabilities, and harm our business generally.

 Future acquisitions may also
result in dilutive issuances of our equity securities, the incurrence of debt, contingent liabilities, or amortization expenses, or write-offs
of goodwill, any of which could harm our financial condition. Also, the anticipated benefit of many of our acquisitions may not materialize.

 Other factors can have
a material adverse effect on our future profitability and financial condition.

 Many other factors can affect
our profitability and financial condition, including:

 changes in, or interpretations of, laws and regulations including changes in accounting standards and taxation requirements;

 changes in the rate of inflation, interest rates and the performance of investments held by us;

 changes in the creditworthiness of counterparties that transact business with;

 changes in business, economic, and political conditions, including: war, political instability, terrorist attacks, the threat of future terrorist activity and related military action; natural disasters; the cost and availability of insurance due to any of the foregoing events; labor disputes, strikes, slow-downs, or other forms of labor or union activity; and, pressure from third-party interest groups;

 changes in our business and investments and changes in the relative and absolute contribution of each to earnings and cash flow resulting from evolving business strategies, changing product mix, changes in tax rates and opportunities existing now or in the future;

 difficulties related to our information technology systems, any of which could adversely affect business operations, including any significant breakdown, invasion, destruction, or interruption of these systems;

 changes in credit markets impacting our ability to obtain financing for our business operations; or

 legal difficulties, any of which could preclude or delay commercialization of products or technology or adversely affect profitability, including claims asserting statutory or regulatory violations, adverse litigation decisions, and issues regarding compliance with any governmental consent decree.

 Risk Factors Relating to Doing Business in Malaysia

 The Malaysian government,
along with other regulatory authorities in South-East Asia, exercises significant oversight and discretion over the conduct of business
operations, the offering of securities, and foreign investments within their jurisdictions.

 Our operations in Malaysia
and Southeast Asia are subject to the authority of various regulatory bodies, including the Securities Commission Malaysia (SC) and Bank
Negara Malaysia (BNM), which possess the power to influence business activities, capital markets, and foreign investments. Regulatory
interventions or sudden changes in policies could affect our ability to raise capital offshore, attract foreign investors, or proceed
with securities offerings. These actions may negatively impact the value of our securities and could impair our financial position.

 The regulatory environment
in Malaysia and the broader Southeast Asia region is dynamic, with ongoing updates to policies governing investments, corporate practices,
and financial markets. Businesses with offshore holding structures, such as ours, must remain adaptable to these regulatory developments
to ensure continued compliance and sustain operational and financial flexibility. Failure to comply with new requirements may expose us
to penalties or operational disruptions.

 We face the risk that
changes in the policies of the Malaysia government could have a significant impact upon the business we may be able to conduct in the
Malaysia and the profitability of such business.

 Additionally, shifts in government
priorities or regional geopolitical uncertainties may create obstacles for foreign investors and affect market sentiment. Protective policies
or stricter financial controls could limit our access to funding sources or delay expansion initiatives. These uncertainties, coupled
with evolving regulations, may pose risks to our growth outlook and shareholder value.

 Our interests may be adversely
affected by changes in policies by the PRC government, including:

 changes in laws, regulations or their interpretation especially with respect to application of PRC tax, labor, currency restriction and other laws to Hong Kong operations;

 confiscatory taxation or changes in taxation;

 Currency revaluations or restrictions on currency conversion, imports or sources of supplies, or ability to continue as a for-profit enterprise;

 expropriation or nationalization of private enterprises; and

 the allocation of resources.

 Substantial uncertainties
and restrictions with respect to the political and economic policies of the Malaysia government and South-East Asia laws and regulations
could have a significant impact upon the business that we may be able to conduct in Malaysia and accordingly on the results of our operations
and financial condition.

 The political environment
in Malaysia has experienced periodic changes and transitions in government leadership over recent years, often resulting in shifts in
national policies and regulatory priorities. Changes in the ruling administration, shifts in coalition dynamics, or political instability
can lead to uncertainty in the business environment. These developments may affect government approaches toward foreign investments, financial
regulations, taxation policies, and economic development strategies, all of which could have a direct or indirect impact on our business
operations and financial performance.

 A change in government leadership
or policy direction could result in the introduction of new laws or amendments to existing regulations governing sectors relevant to our
business, including the consulting, public listing advisory, and capital markets sectors. For instance, stricter requirements on foreign
ownership, limitations on offshore investments, or changes in licensing conditions for professional service providers could restrict our
business activities or increase our compliance obligations. Additionally, delays in policy implementation or the reversal of previously
approved development plans could disrupt our business strategies or delay project execution.

 Political uncertainty in
Malaysia may also affect investor confidence and market stability, particularly if it leads to concerns over the future direction of the
economy or regulatory framework. This could reduce the willingness of potential clients to proceed with capital-raising activities or
public listings, impacting our revenue streams. Furthermore, changes in government-driven incentives or support schemes for businesses
operating in Malaysia could alter the cost structure or growth prospects for our operations. Any such political shifts could materially
affect our ability to maintain stable business operations, achieve growth objectives, and ultimately influence our financial condition
and the value of our securities.

 The Holding Foreign
Companies Accountable Act requires the Public Company Accounting Oversight Board (PCAOB) to be permitted to inspect the issuer's public
accounting firm within three years. There are uncertainties and potential challenges a Malaysian company could face under the Holding
Foreign Companies Accountable Act (HFCAA) that. may suspend or de-register our registration with the SEC and delist our securities from
applicable trading market within the US.

 The Holding Foreign Companies
Accountable Act (HFCAA) requires that the Public Company Accounting Oversight Board (PCAOB) be permitted to inspect and investigate the
audit work and practices of public accounting firms for issuers listed on U.S. stock exchanges. If a company's auditor is based in a jurisdiction
where PCAOB is unable to conduct inspections for three consecutive years, the company risks delisting from U.S. securities exchanges.
Malaysian companies, particularly those with local auditors unfamiliar with U.S. audit oversight requirements or those operating in an
environment where local regulations restrict access to certain audit work papers, may face significant compliance challenges. There is
uncertainty as to whether Malaysian authorities will fully cooperate with PCAOB inspection requirements, as Malaysia's regulatory
and confidentiality laws regarding audit practices could potentially conflict with U.S. standards. Any failure by our previous Malaysian
auditors to comply with PCAOB inspection requests could result in our company being identified as non-compliant under the HFCAA, leading
to potential trading prohibitions or delisting from U.S. exchanges, which could adversely affect the liquidity and value of our securities
and restrict our access to U.S. capital markets.

 Our previous auditor is located
in Kuala Lumpur and is subject to PCAOB inspections with its most recent inspection occurring during 2021. Therefore, it is not subject
to the determinations announced by the PCAOB on December 16, 2021. However, in the event the Malaysian authorities subsequently take a
position disallowing the PCAOB to inspect our auditor, then we would need to change our auditor. Furthermore, due to the recent developments
in connection with the implementation of the Holding Foreign Companies Accountable Act, we cannot assure you whether the SEC or other
regulatory authorities would apply additional and more stringent criteria to us after considering the effectiveness of our auditor's
audit procedures and quality control procedures, adequacy of personnel and training, or sufficiency of resources, geographic reach or
experience as it relates to the audit of our financial statements. The requirement in the HFCA Act that the PCAOB be permitted to inspect
the issuer's public accounting firm within two or three years, may result in the delisting of our securities from applicable trading
markets in the U.S, in the future if the PCAOB is unable to inspect our accounting firm at such future time.

 Adverse regulatory
developments in Malaysia may subject us to additional regulatory review, and additional disclosure requirements and regulatory scrutiny
to be adopted by the SEC in response to risks related to recent regulatory developments in Malaysia may impose additional compliance requirements
for companies like us with Malaysian-based operations, all of which could increase our compliance costs, subject us to additional disclosure
requirements.

 Our business operations are
subject to the regulatory framework in Malaysia, which continues to evolve. Regulatory authorities in Malaysia, including the Securities
Commission Malaysia (SC), Bank Negara Malaysia (BNM), Companies Commission of Malaysia (SSM), and other government bodies, periodically
introduce new legislation and update existing rules that govern corporate practices, foreign investments, financial services, data protection,
taxation, and anti-corruption. Any adverse regulatory developments, such as the imposition of additional licensing requirements, restrictions
on cross-border transactions, enhanced taxation policies, or stricter foreign exchange controls, could increase our operational complexity
and compliance costs. Such changes may also limit our business flexibility and affect our ability to conduct cross-border financing and
investment activities, which are critical to our regional operations and long-term growth.

 Additionally, recent regulatory
shifts and government enforcement efforts in Malaysia, including heightened anti-corruption measures under the Malaysian Anti-Corruption
Commission Act 2009 (MACC Act) and the Corporate Liability Provision (Section 17A), may lead to increased regulatory scrutiny on companies
conducting business in Malaysia. This environment could result in additional regulatory reviews or audits of our Malaysian operations,
exposing us to potential penalties or reputational harm if any non-compliance is identified.

 Furthermore, in response to
the evolving regulatory landscape in Malaysia and the broader Southeast Asia region, the U.S. Securities and Exchange Commission (SEC)
may adopt or strengthen disclosure obligations and oversight measures for companies like ours with operations in Malaysia. These measures
could include expanded reporting requirements regarding financial transactions, internal controls, and compliance with anti-corruption
and anti-money laundering laws. Any such regulatory developments by the SEC or other U.S. regulatory bodies could increase the complexity
of our financial reporting processes, subject us to more rigorous disclosure obligations, and elevate our compliance burden.

 The combination of stricter
domestic regulations in Malaysia and potential additional scrutiny by U.S. authorities may significantly increase our compliance costs,
require the enhancement of our internal compliance systems, and divert management attention from our core business activities. Failure
to comply with any newly introduced regulations or disclosure requirements could result in fines, sanctions, reputational damage, or other
adverse outcomes, all of which could negatively affect our business operations, financial performance, and the value of our securities..

 We face uncertainty with respect to indirect
transfers of equity interests in Malaysia resident enterprises by their non-Malaysia holding companies.

 We may face regulatory uncertainty
with respect to the transfer of equity interests in our Malaysian operating entity held indirectly through our non-Malaysia holding companies,
including our intermediate holding entity in Hong Kong. Malaysia's legal and regulatory framework governing mergers, acquisitions,
and the indirect transfer of ownership interests in resident enterprises by foreign entities is complex and subject to interpretation
and administrative discretion. Transactions involving offshore transfers of shares or changes in control of non-resident holding entities
with underlying Malaysian subsidiaries could trigger reporting requirements, tax implications, or regulatory approvals under Malaysian
law, including under the Financial Services Act 2013, Income Tax Act 1967, and guidelines issued by Bank Negara Malaysia (BNM) and other
authorities.

 Potential Regulatory and Tax Implications

 Although there is currently
no comprehensive, codified regime specifically addressing indirect offshore equity transfers, Malaysian regulators may scrutinize such
transactions to assess whether they result in changes in the ultimate ownership or control of Malaysian resident entities. Any such determination
could result in obligations to notify the relevant authorities, reassess tax liabilities, or comply with other regulatory procedures.
Failure to make timely disclosures or obtain necessary approvals could expose us to penalties, additional tax assessments, or operational
disruptions.

 Impact on Business Operations and Investment
Returns

 Any uncertainty or adverse
interpretation regarding indirect transfers of our Malaysian equity interests by our offshore holding companies could increase transaction
costs, introduce delays in executing corporate restructurings, or limit our ability to efficiently transfer ownership stakes to potential
investors. Furthermore, such regulatory uncertainty could adversely affect the valuation and liquidity of our interests in the Malaysian
market, which may reduce the attractiveness of our business to foreign investors and impair our ability to raise capital. These factors
could materially and adversely affect our business, financial condition, and shareholders' investment returns.

 Ongoing Regulatory Developments

 The regulatory environment
in Malaysia and Southeast Asia regarding cross-border equity transactions continues to evolve. We cannot predict whether additional restrictions,
reporting obligations, or tax measures targeting indirect offshore equity transfers will be introduced. Any such changes could further
increase compliance burdens and create additional uncertainties for our future financing, restructuring, or divestment activities involving
our Malaysian operations. We remain committed to monitoring regulatory developments and ensuring compliance; however, any adverse regulatory
actions or shifts in policy could materially affect our operational flexibility and overall business performance.

 The M&A Rules and
certain other South-East Asia regulations may make it more difficult for us to pursue growth through acquisitions.

 Our ability to expand our
business operations through mergers, acquisitions, or strategic investments in Southeast Asia is subject to various regulatory requirements
and government approvals, which may impose significant limitations or delays. In jurisdictions such as Malaysia, Singapore, Indonesia,
and other Southeast Asian countries, mergers and acquisitions involving foreign investors are often subject to review by regulatory authorities,
including competition regulators, foreign investment bodies, and sector-specific licensing agencies. In Malaysia, for instance, the Malaysian
Competition Act 2010 regulates anti-competitive mergers, while the Equity Conditions and Licensing Requirements imposed by certain government
agencies may restrict foreign ownership in strategic sectors. Similarly, Singapore's Competition and Consumer Commission (CCCS)
closely monitors transactions that may lessen competition within the market.

 Additionally, some Southeast
Asian countries maintain foreign equity restrictions and screening mechanisms for foreign investments, particularly in industries deemed
sensitive, such as telecommunications, finance, and natural resources. Compliance with these M&A rules often requires obtaining prior
approval, conducting due diligence to satisfy ownership and control requirements, and ensuring alignment with national interests or local
partner arrangements. These processes can be time-consuming and may result in increased transaction costs or, in some cases, prevent us
from completing proposed acquisitions altogether.

 Further, regulations on cross-border
capital flows and foreign exchange, including those enforced by Bank Negara Malaysia (BNM) and other central banks in the region, may
restrict the remittance of funds or impose limitations on financing acquisition activities through offshore sources. Delays or obstacles
in securing the necessary approvals for acquisitions could hinder our ability to respond swiftly to market opportunities or execute our
growth strategy effectively.

 Failure to comply with these
M&A regulations or navigate the complexities of regulatory regimes across Southeast Asia could expose us to legal liabilities, fines,
or the risk of having transactions nullified. As a result, our plans to expand operations, broaden our service offerings, or strengthen
our market position through acquisitions may be significantly constrained, which could materially and adversely affect our business prospects
and financial performance.

 Regulatory Restrictions on Offshore Investments
and Capital Movements in Southeast Asia

 Our operations in Southeast
Asia, including Malaysia and other jurisdictions, are subject to various regulations governing offshore investment activities by residents,
which may limit the ability of our Hong Kong subsidiaries to increase their registered capital, inject funds into our Southeast Asian
operating entities, or repatriate profits from these jurisdictions. Regulatory bodies, such as Bank Negara Malaysia (BNM) and other relevant
authorities in the region, impose controls on foreign exchange, capital flows, and cross-border transactions, requiring compliance with
prescribed limits, reporting obligations, and, in some cases, prior approvals. Any failure to comply with these regulations could result
in fines, penalties, or restrictions on our capital movements, and could adversely affect our ability to fund our operations, support
business growth, or distribute profits to our shareholders. Changes in these regulatory environments or the imposition of stricter controls
could further constrain our financial flexibility and expose us to liability under Southeast Asian laws, which may materially and adversely
affect our business, financial condition, and results of operations.

 Malaysia regulation
of loans to and direct investment in Malaysia entities by offshore holding companies and governmental control of currency conversion may
delay or prevent us from using the proceeds we receive from offshore financing activities to make loans to or make additional capital
contributions to our Hong Kong subsidiaries, which could materially and adversely affect our liquidity and our ability to fund and expand
business.

 Our ability to utilize proceeds
from offshore financing activities to provide loans to or make direct investments in our Malaysian operating entity through our Hong Kong
intermediate holding company may be subject to regulatory approvals and foreign exchange control policies imposed by Malaysian authorities.
Under the regulations of Bank Negara Malaysia (BNM), foreign exchange transactions, cross-border investments, and fund transfers involving
non-residents may require compliance with specific reporting obligations or prior approval in certain circumstances. Governmental control
over currency conversion and foreign investment policies could delay or prevent us from efficiently injecting offshore funds into our
Malaysian subsidiary, which could constrain our liquidity, disrupt our capital allocation plans, and hinder our ability to fund operations
or pursue business expansion in Malaysia. Any prolonged delay or inability to deploy offshore financing proceeds as intended may materially
and adversely affect our financial condition, business growth, and overall operational performance.

 Our Malaysia subsidiaries
may be subject to restrictions on paying dividends or making other payments to us, which may restrict its ability to satisfy liquidity
requirements, conduct business and pay dividends to holders of our common stock.

 Our operating entity in Malaysia
is subject to local regulations and exchange control requirements that may restrict the free flow of funds, including the remittance of
dividends and other payments, to our intermediate holding company in Hong Kong. Any such restrictions could limit the ability of our Hong
Kong holding entity to distribute dividends to its shareholders, including directors and other investors, or to fulfill other liquidity
needs. While Malaysia generally allows the repatriation of profits, any future changes in foreign exchange policies, taxation, or regulatory
requirements could delay or limit dividend payments and other fund transfers. If our Malaysian entity is unable to remit sufficient funds
to our Hong Kong intermediate holding company, it may adversely affect our ability to pay dividends to our shareholders and directors
in Hong Kong, meet corporate obligations, or fund international business activities, which could, in turn, impact our overall financial
condition and shareholder returns.

 Governmental control of currency conversion
may limit our ability to utilize revenues effectively and affect the value of your investment.

 Governmental regulations
and controls over currency exchange in certain jurisdictions where we operate, including countries in Southeast Asia, may limit our ability
to convert local currencies into other currencies, including U.S. dollars, or transfer funds across borders freely. Restrictions on currency
conversion or remittance could impair our ability to utilize revenues generated in those markets effectively to fund our operations, settle
obligations denominated in foreign currencies, or reinvest in growth opportunities. Additionally, currency control measures may affect
the timing, amount, or feasibility of repatriating profits or dividends to our shareholders. Any such limitations could reduce our operational
flexibility, adversely impact our cash flow, and affect the value of your investment in our company. We cannot assure that further foreign
exchange restrictions or currency policies will not be introduced, which may further impact our business, financial condition, and results
of operations.

 Risks Related to our International Operations

 We are subject to risks
associated with doing business internationally including compliance with domestic and foreign laws and regulations, economic downturns,
political instability and other risks that could adversely affect our operating results.

 We conduct our businesses
in Malaysia, and have assets located in Hong Kong. We are required to comply with numerous and broad reaching laws and regulations administered
by United States federal, state and local, and foreign governmental authorities. We must also comply with other general business regulations
such as those directed toward accounting and income taxes, anti-corruption, anti-bribery, global trade, handling of regulated substances,
and other commercial activities, conducted by our employees and third-party representatives globally. Any failure to comply with applicable
laws and regulations could subject us to administrative penalties and injunctive relief, and civil remedies including fines, injunctions,
and recalls of our products. In addition, changes to regulations or implementation of additional regulations may require us to modify
existing processing facilities and/or processes, which could significantly increase operating costs and negatively impact operating results.

 Our operating results may
be affected by changes in trade, monetary, fiscal and environmental policies, laws and regulations, and other activities of governments,
agencies, and similar organizations. These conditions include but are not limited to changes in a country's or region's economic
or political conditions, trade regulations affecting production, pricing and marketing of products, local labor conditions and regulations,
reduced protection of intellectual property rights, changes in the regulatory or legal environment, restrictions on currency exchange
activities, currency exchange fluctuations, burdensome taxes and tariffs, enforceability of legal agreements and judgments, other trade
barriers, and regulation or taxation of greenhouse gases. International risks and uncertainties, including changing social and economic
conditions as well as terrorism, political hostilities, and war, may limit our ability to transact business in these markets and may adversely
affect our revenues and operating results.

 We may be exposed to
liabilities under the Foreign Corrupt Practices Act, and any determination that we violated the Foreign Corrupt Practices Act could have
a material adverse effect on our business.

 As a consulting company operating
in Malaysia and engaging with clients and business partners across Southeast Asia and internationally, we are subject to various anti-bribery
and anti-corruption laws. These include the Malaysian Anti-Corruption Commission Act 2009 (MACC Act), as amended, which imposes strict
penalties on companies and individuals involved in corrupt practices, and holds companies liable for the corrupt actions of their employees
or associates unless adequate procedures are in place to prevent bribery. In addition, we may also be subject to foreign anti-bribery
laws, such as the U.S. Foreign Corrupt Practices Act (FCPA) and Hong Kong's Prevention of Bribery Ordinance (Cap. 201), if we engage
with clients, partners, or investors from these jurisdictions.

 These laws prohibit offering,
promising, or giving anything of value to government officials or business representatives to gain a business advantage. Non-compliance
with these regulations, whether intentional or inadvertent, could result in substantial fines, criminal penalties, reputational damage,
and restrictions on our ability to conduct business internationally. We have implemented internal controls and compliance procedures;
however, there can be no assurance that our policies will always be effective in preventing violations. Any breach of these anti-bribery
and anti-corruption laws could materially and adversely affect our business, operations, and financial performance.

 We expect our revenues
to be paid in non-U.S. currencies, and if currency exchange rates become unfavorable, we may lose some of the economic value of the revenues
in U.S. dollar terms.

 Our primary operations are
conducted in Malaysia and our operating currency is the Malaysian Ringgit. Since we conduct business in currencies other than U.S. dollars
but report our financial results in U.S. dollars, we face exposure to fluctuations in currency exchange rates. For instance, if currency
exchange rates were to change unfavorably, the U.S. dollar equivalent of our operating income recorded in foreign currencies would be
diminished.

 We currently do not, but
may in the future, implement hedging strategies, such as forward contracts, options, and foreign exchange swaps to mitigate this risk.
There is no assurance that our efforts will successfully reduce or offset our exposure to foreign exchange fluctuations. Additionally,
hedging programs expose us to risks that could adversely affect our financial results, including the following:

 We have limited experience in implementing or operating hedging programs. Hedging programs are inherently risky and we could lose money as a result of poor trades;

 We may be unable to hedge currency risk for some transactions or match the accounting for the hedge with the exposure because of a high level of uncertainty or the inability to reasonably estimate our foreign exchange exposures;

 We may be unable to acquire foreign exchange hedging instruments in some of the geographic areas where we do business, or, where these derivatives are available, we may not be able to acquire enough of them to fully offset our exposure;

 We may determine that the cost of acquiring a foreign exchange hedging instrument outweighs the benefit we expect to derive from the derivative, in which case we would not purchase the derivative and would be exposed to unfavorable changes in currency exchange rates;

 To the extent we recognize a gain on a hedge transaction in one of our subsidiaries that is subject to a high statutory tax rate, and a loss on the related hedged transaction that is subject to a lower rate, our effective tax rate would be higher; and

 Significant fluctuations in foreign exchange rates could greatly increase our hedging costs.

 We anticipate increased
exposure to exchange rate fluctuations as we expand the breadth and depth of our international sales.

 In our financial statements,
we translate our local currency financial results into U.S. dollars based on average exchange rates prevailing during a reporting period
or the exchange rate at the end of that period. To the extent the U.S. dollar strengthens against foreign currencies, the translation
of these foreign currency denominated transactions could result in reduced revenue, operating expenses and net income for our international
operations. Similarly, to the extent the U.S. dollar weakens against foreign currencies, the translation of these foreign currency denominated
transactions could result in increased revenue, operating expenses and net income for our international operations.

 Because our holding
company structure creates restrictions on the payment of dividends, our ability to pay dividends is limited.

 We are a holding company
whose primary assets are our ownership of the equity interests in our subsidiaries. We conduct no other business and, as a result, we
depend entirely upon our subsidiaries' earnings and cash flow. If we decide in the future to pay dividends, as a holding company,
our ability to pay dividends and meet other obligations depends upon the receipt of dividends or other payments from our operating subsidiaries.
Our subsidiaries and projects may be restricted in their ability to pay dividends, make distributions or otherwise transfer funds to us
prior to the satisfaction of other obligations, including the payment of operating expenses or debt service, restrictions on the conversion
of local currency into U.S. dollars or other hard currency and other regulatory restrictions. If future dividends are paid in the Hong
Kong Dollars, fluctuations in the exchange rate for the conversion of any of these currencies into U.S. dollars may adversely affect the
amount received by U.S. stockholders upon conversion of the dividend payment into U.S. dollars. We do not presently have any intention
to declare or pay dividends in the future. You should not purchase shares of our common stock in anticipation of receiving dividends in
future periods.

 It may be difficult
for stockholders to enforce any judgment obtained in the United States against us, which may limit the remedies otherwise available to
our stockholders.

 Substantially all of our
assets are located in Hong Kong. Moreover, our current directors and officers are dominantly nationals of Hong Kong. All or a substantial
portion of the assets of this person are located outside the United States. As a result, it may be difficult for our stockholders to
effect service of process within the United States upon this person. In addition, there is uncertainty as to whether
the courts of Hong Kong would recognize or enforce judgments of U.S. courts obtained against us or such officers and/or directors predicated
upon the civil liability provisions of the securities law of the United States or any state thereof or be competent to hear
original actions brought in Hong Kong against us or such persons predicated upon the securities laws of the United
States or any state thereof.

 Risks Related to our Common Stock

 Due to the limited trading market for our securities,
you may have difficulty selling any shares you purchase in this offering.

 While our shares of common
stock are quoted on the OTC Pink tier of the OTC Markets Group, Inc., there is presently no meaningful demand for our common stock and
virtually no public market exists for the shares being offered in this prospectus. The OTC Pink is a regulated quotation service that
displays real-time quotes, last sale prices and volume information in over-the-counter securities. The OTC Pink is not an issuer listing
service, market or exchange. Although the OTC Pink does not have any listing requirements per se, to be eligible for quotation on the
OTC Pink, issuers must remain current in their filings with the SEC or applicable regulatory authority. Market makers are not permitted
to begin quotation of a security whose issuer does not meet this filing requirement. If no market is ever developed for our common stock,
it will be difficult for you to sell any shares you purchase in this offering. In such a case, you may find that you are unable to achieve
any benefit from your investment or liquidate your shares without considerable delay, if at all.

 Our common stock may become
subject to the "penny stock" rules of the sec and the trading market in our securities is limited, which makes transactions
in our stock cumbersome and may reduce the value of an investment in our stock.

 Under U.S. federal securities
legislation, our common stock will constitute "penny stock" is if has a market price of less than $5.00 per share, subject to
certain exceptions. While the market price of our common stock is currently above $5.00, there can be no assurance that are price will
consistently remain above $5.00, given the lack of liquidity in our stock. For any transaction involving a penny stock, unless exempt,
the rules require that a broker or dealer approve a potential investor's account for transactions in penny stocks, and the broker or dealer
receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.
In order to approve an investor's account for transactions in penny stocks, the broker or dealer must obtain financial information and
investment experience objectives of the person, and make a reasonable determination that the transactions in penny stocks are suitable
for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions
in penny stocks. The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prepared by
the Commission relating to the penny stock market, which, in highlight form sets forth the basis on which the broker or dealer made the
suitability determination. Brokers may be less willing to execute transactions in securities subject to the "penny stock" rules.
This may make it more difficult for investors to dispose of our common stock and cause a decline in the market value of our stock. Disclosure
also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading and about the commissions
payable to both the broker-dealer and the registered representative, current quotations for the securities and the rights and remedies
available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent
price information for the penny stock held in the account and information on the limited market in penny stocks.

 FINRA sales practice
requirements may also limit a stockholder's ability to buy and sell our stock.

 In addition to the "penny
stock" rules described above, the Financial Industry Regulatory Authority ("FINRA") has adopted rules that require that
in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable
for that customer. Prior to recommending speculative low priced securities to their non-institutional customers, broker-dealers must make
reasonable efforts to obtain information about the customer's financial status, tax status, investment objectives and other information.
Under interpretations of these rules, FINRA believes that there is a high probability that speculative low priced securities will not
be suitable for at least some customers. The FINRA requirements make it more difficult for broker-dealers to recommend that their customers
buy our common stock, which may limit your ability to buy and sell our stock and have an adverse effect on the market for our shares.

 Future issuances of
our common stock could dilute current stockholders or adversely affect the market.

 Our business plan contemplates
expanding our operations through acquisitions which may involve significant issuances of our common stock. Future issuances of our
common stock may be at values substantially below the price paid by the current holders of our common stock. In addition, common stock
could be issued to fend off unwanted tender offers or hostile takeovers without further stockholder approval. Sales of substantial amounts
of our common stock, or even just the prospect of such sales, could depress the prevailing price of our common stock and our ability to
raise equity capital in the future. Additionally, large share issuances would generally have a negative impact on our share price. It
is possible that, due to additional share issuance, you could lose a substantial amount, or all, of your investment. In addition, if a
trading market develops for our common stock, we may attempt to raise capital by selling shares of our common stock, possibly at a discount
to market. These actions will result in dilution of the ownership interests of existing shareholders, further dilute common stock book
value, and that dilution may be material.

 The market for penny
stocks has experienced numerous frauds and abuses that could adversely impact investors in our stock.

 Company management believes
that the market for penny stocks has suffered from patterns of fraud and abuse. Such patterns include:

 Control of the market for the security by one or a few broker-dealers that are often related to the promoter or issuer;

 Manipulation of prices through prearranged matching of purchases and sales and false and misleading press releases;

 "Boiler room" practices involving high pressure sales tactics and unrealistic price projections by sales persons;

 Excessive and undisclosed bid-ask differentials and markups by selling broker-dealers; and

 Wholesale dumping of the same securities by promoters and broker-dealers after prices have been manipulated to a desired level, along with the inevitable collapse of those prices with consequent investor losses.

 The market price of
our common stock may be volatile, and our stock price may fall below your purchase price at the time you desire to sell your shares of
our common stock, resulting in a loss on your investment.

 The market price of our common
stock may fluctuate substantially due to a variety of factors, many of which are beyond our control, including, without limitation:

 actual or anticipated variations in our quarterly and annual operating results, financial condition or asset quality;

 changes in general economic or business conditions, both domestically and internationally;

 the effects of, and changes in, trade, monetary and fiscal policies, including the interest rate policies of the Federal Reserve, or in laws and regulations affecting us;

 the number of securities analysts covering us;

 publication of research reports about us, our competitors, or the financial services industry generally, or changes in, or failure to meet, securities analysts' estimates of our financial and operating performance, or lack of research reports by industry analysts or ceasing of coverage;

 changes in market valuations or earnings of companies that investors deemed comparable to us;

 the average daily trading volume of our common stock;

 future issuances of our common stock or other securities;

 additions or departures of key personnel;

 perceptions in the marketplace regarding our competitors and/or us;

 significant acquisitions or business combinations, strategic partnerships, joint ventures or capital commitments by or involving our competitors or us; and

 other news, announcements or disclosures (whether by us or others) related to us, our competitors, our core market or the financial services industry.

 The stock market and, in
particular, the market for financial institution stocks have experienced significant fluctuations in recent years. In many cases, these
changes have been unrelated to the operating performance and prospects of particular companies. In addition, significant fluctuations
in the trading volume in our common stock may cause significant price variations to occur. Increased market volatility may materially
and adversely affect the market price of our common stock, which may make it difficult for you to resell your shares at the volume, prices
and times desired.

 Investing in our Company
is highly speculative and could result in the entire loss of your investment.

 An investment in our shares
is highly speculative and involves significant risk. Our shares should not be purchased by any person who cannot afford to lose their
entire investment. Our business objectives are also speculative, and it is possible that we would be unable to accomplish them. Our shareholders
may be unable to realize a substantial or any return on their purchase of the offered shares and may lose their entire investment. For
this reason, each prospective purchaser of the offered shares should read this prospectus and all of its exhibits carefully and consult
with their attorney, business and/or investment advisor.

 State securities laws
may limit secondary trading, which may restrict the states in which and conditions under which you can sell the shares offered by this
prospectus.

 Secondary trading in common
stock sold in this offering will not be possible in any state until the common stock is qualified for sale under the applicable securities
laws of the state or there is confirmation that an exemption, such as listing in certain recognized securities manuals, is available for
secondary trading in the state. If we fail to register or qualify, or to obtain or verify an exemption for the secondary trading of, the
common stock in any particular state, the common stock could not be offered or sold to, or purchased by, a resident of that state. In
the event that a significant number of states refuse to permit secondary trading in our common stock, the liquidity for the common stock
could be significantly impacted thus causing you to realize a loss on your investment.

 The Company does not intend
to seek registration or qualification of its shares of common stock the subject of this offering in any State or territory of the United
States. Aside from a "secondary trading" exemption, other exemptions under state law and the laws of US territories may be available
to purchasers of the shares of common stock sold in this offering,

 Anti-takeover effects
of certain provisions of Delaware state law hinder a potential takeover of our company.

 Though not now, in the future
we may become subject to Delaware's business combination law which prohibits certain business combinations between Delaware corporations
and "interested stockholders" for three years after the "interested stockholder" first becomes an "interested
stockholder," unless the corporation's board of directors approves the combination in advance. For purposes of Delaware law, an "interested
stockholder" is any person who is the beneficial owner, directly or indirectly, of fifteen percent or more of the voting power of
the outstanding voting shares of the corporation. A corporation is subject to Delaware's business combination law if it has more
than 2000 stockholders or has its securities listed on a national securities exchange. The effect of Delaware's business combination
law is to potentially discourage parties interested in taking control of our company from doing so if it cannot obtain the approval of
our board of directors.

 Because we do not intend
to pay any cash dividends on our common stock, our stockholders will not be able to receive a return on their shares unless they sell
them.

 We intend to retain any future
earnings to finance the development and expansion of our business. We do not anticipate paying any cash dividends on our common stock
in the foreseeable future. Unless we pay dividends, our stockholders will not be able to receive a return on their shares unless they
sell them. Stockholders may never be able to sell shares when desired. Before you invest in our securities, you should be aware that there
are various risks. You should consider carefully these risk factors, together with all of the other information included in this annual
report before you decide to purchase our securities. If any of the following risks and uncertainties develop into actual events, our business,
financial condition or results of operations could be materially adversely affected.

 ITEM 1B. UNRESOLVED STAFF COMMENTS.

 We are a smaller reporting
company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 ITEM 1C. CYBERSECURITY.

 The Company has not adopted any insider trading policies and procedures
governing the purchase, sale, and/or other dispositions of the Company securities yet, as we are still in the restructuring process. We
however plan to adopt this soon once the restructuring process is done.

 ITEM 2. PROPERTIES.

 Our corporate office is located
at 35/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. We are parties to an office rental agreement at a monthly rate of HK$2,500
(approximately $321), for a term of 12 months.

 We believe that our current
facilities are adequate for our current needs. We expect to secure new facilities or expand existing facilities as necessary to support
future growth. We believe that suitable additional space will be available on commercially reasonable terms as needed to accommodate our
operations.

 ITEM 3. LEGAL PROCEEDINGS.

 There are no material pending
legal proceedings to which we or our subsidiaries are a party or to which any of our or their property is subject, nor are there any such
proceedings known to be contemplated by governmental authorities. None of our directors, officers, affiliates or any owner of record or
beneficially of more than 5% of our common stock, or any associate of any of the foregoing, is involved in a proceeding adverse to our
business or has a material interest adverse to our business.

 ITEM 4. MINE SAFETY DISCLOSURES.

 Not applicable.

 ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

 (a) Market Information

 Shares of our common stock
are quoted on the OTC Pink under the symbol "LDSN". Shares of our common stock began trading on April 1, 2020. As of February
21, 2025, the last closing price of our securities was $0.004, with little to no quoting activity. There is no established public trading
market for our securities and a regular trading market may not develop, or if developed, may not be sustained.

 The following table sets
forth, for the fiscal quarters indicated, the high and low bid information for our common stock, as reported on the Pink Sheets. The following
quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.

 Quarterly period

 High

 Low

 Fiscal year ended December 31, 2024:

 Fourth Quarter

 $
 0.025

 $
 0.003

 Third Quarter

 $
 0.145

 $
 0.016

 Second Quarter

 $
 0.98

 $
 0.0172

 First Quarter

 $
 1.0875

 $
 0.1801

 Fiscal year ended December 31, 2023:

 Fourth Quarter

 $
 0.597

 $
 0.1

 Third Quarter

 $
 0.401

 $
 0.163

 Second Quarter

 $
 0.65

 $
 0.35

 First Quarter

 $
 1.70

 $
 1.1614

 (b) Approximate Number of Holders of Common Stock

 As of December 31, 2024,
there were approximately 295 shareholders of record of our common stock. Such number does not include any shareholders holding shares
in nominee or "street name".

 (c) Dividends

 Holders of our common stock
are entitled to receive such dividends as may be declared by our board of directors. On January 2, 2020, prior to the consummation of
the acquisition of LHCL, LHCL declared and paid dividends of $184,919 to the shareholders. Except as otherwise set forth above, we paid
no dividends during the periods reported herein, nor do we anticipate paying any dividends in the foreseeable future.

 (d) Equity Compensation Plan Information

 None.

 (e) Recent Sales of Unregistered Securities

 None.

 ITEM 6. RESERVED.

 ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS.

 This discussion summarizes
the significant factors affecting the operating results, financial condition, liquidity and cash flows of the Company and its subsidiary
for the fiscal years ended December 31, 2024, and 2023. The discussion and analysis that follows should be read together with the section
entitled "Cautionary Note Concerning Forward-Looking Statements" and our consolidated financial statements and the notes to
the consolidated financial statements included elsewhere in this annual report on Form 10-K.

 Except for historical
information, the matters discussed in this section are forward looking statements that involve risks and uncertainties and are based upon
judgments concerning various factors that are beyond the Company's control. Consequently, and because forward-looking statements
are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes
discussed in the forward-looking statements. You are urged to carefully review and consider the various disclosures made by us in this
report.

 Currency and exchange
rate

 Unless otherwise noted,
all currency figures quoted as "U.S. dollars", "dollars" or "US$" refer to the legal currency of the
United States. References to "Hong Kong Dollar" are to the Hong Kong Dollar, the legal currency of the Hong Kong Special Administrative
Region of the People's Republic of China. References to "Malaysian Ringgit" or "MYR" are to the legal currency
of Malaysia. Throughout this report, assets and liabilities of the Company's subsidiaries are translated into U.S. dollars using
the exchange rate on the balance sheet date. Revenue and expenses are translated at average rates prevailing during the period. The gains
and losses resulting from the translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated
other comprehensive income within the statement of stockholders' equity.

 Impact of heightened volatility in interest
rates

 Following the global stabilization
of the COVID-19 pandemic, the Company continues to assess any lingering impacts on workforce dynamics and supply chain resilience. However,
attention has increasingly shifted toward addressing broader economic uncertainties, particularly the volatility in interest rates and
evolving market conditions. Over the past two years, rising interest rates have had a significant global impact, including across Southeast
Asia. Higher rates have increased borrowing costs, influenced client spending patterns, and slowed business investments—factors
that may directly affect consulting firms like ours.

 Monetary authorities across
Southeast Asia, including Bank Negara Malaysia and the Monetary Authority of Singapore, have adjusted their policies in response to persistent
inflationary pressures and broader macroeconomic developments. The rise in interest rates presents a potential risk to the Company, as
it may increase the cost of borrowing, constrain access to affordable financing, and influence the capital expenditure decisions of our
clients. These dynamics could result in delays, deferrals, or reductions in consulting project engagements, thereby impacting the Company's
revenue streams.

 The Company remains vigilant
in closely monitoring interest rate trends and their potential influence on client budgets and market demand. We continue to adopt proactive
measures to mitigate these risks, ensuring our business remains resilient and responsive to the evolving economic landscape.

 We believe that the Company
can generate sufficient cash flow over the next 12 months to implement the revised business plan. We believe that we will need approximately
$1.5 million to implement our revised business plan for the 12 months thereafter.

 Results of Operations

 Our unaudited consolidated
financial statements have been prepared on a going concern basis, which assumes that we will be able to continue to operate in the future
in the normal course of business. In our unaudited consolidated financial statements for the year ended December 31, 2024, it has included
a note about our ability to continue as a going concern due to consecutive quarterly losses from operations in 2023 as a result of COVID-19
and rising interest rates. Business closures in South-East Asia and limitations on business operations arising from volatile interest
rates has significantly disrupted our ability to generate revenues and cash flow during the fiscal year 2024.

 The success of our business
strategy is dependent in part upon the availability of additional capital resources on terms satisfactory to management as we are not
generating sufficient revenues from our business operations. Our sources of capital in the past have included advance from stockholders
and affiliates. There can be no assurance that we can raise such additional capital resources on satisfactory terms. We believe that our
current cash and other sources of liquidity discussed above are adequate to support operations for at least the next 12 months. We anticipate
continuing to rely on equity sales of our common shares and shareholder loans in order to continue to fund our business operations. Issuances
of additional shares will result in dilution to our existing shareholders. There is no assurance that we will achieve any additional sales
of our equity securities or arrange for debt or other financing to fund our plan of operations.

 Comparison of the years ended December 31,
2024 and December 31, 2023

 The following table sets forth certain operational
data for the years ended December 31, 2024 and 2023:

 2024

 2023

 Revenues, net

 $

 $
 –

 Cost of revenue

 –

 –

 Gross profit

 –

 Total operating expenses

 1,512,943

))

 Operating income

 12,487,057

)

 Other (expenses) income

 (65,661
)

 (17,629
)

 Income/ (loss) before Income Taxes

)

 Income tax expense

 –

 –

 Net income/ (loss)

)

 Revenue. We generated
$14,000,000 and $0 revenues for the years ended December 31, 2024 and 2023 respectively.

 Cost of Revenue. Cost
of revenue was nil for the year ended December 31, 2024 and 2023.

 Gross Profit. Gross
profit was $14,000,000 and $0 for the years ended December 31, 2024 and 2023 respectively.

 Operating Expenses.
We incurred operating expenses of $1,512,943 and $285,568 for the years ended December 31, 2024 and 2023, respectively. Operating expenses
for the two years consisted of general and administrative expenses.

 Income Tax Expense.
Our income tax expenses for the years ended December 31, 2024 and 2023 was $0 and $0, respectively.

 Net Income/ (Loss).
We incurred a net income of $12,421,396 and net loss of $303,197 for the years ended December 31, 2024 and 2023, respectively. The increase
in net income is primarily attributable to the revenue earned by the Company in 2024.

 Liquidity and Capital Resources

 As of December 31, 2024 and
2023, we had cash and cash equivalents of $136,341 and $175,002, respectively.

 We believe that our current
cash and other sources of liquidity discussed below are adequate to support general operations for at least the next 12 months. It is
expected to incur significantly greater expenses in the near future as we develop our product offerings or enter into strategic partnerships.
We also expect our general and administrative expenses to increase as we expand our finance and administrative staff, add infrastructure,
and incur additional costs related to being reporting act company, including directors' and officers' insurance and increased
professional fees. We believe that we will require approximately $1 to 2 million over the next 12-24 months to implement our business
plan. For the immediate future, we intend to finance our business expansion efforts through equity purchases by institutional banks, and
loans from existing shareholders or financial institutions.

 We have never paid dividends
on our Common Stock. Our present policy is to apply cash to investments in product development, acquisitions or expansion; consequently,
we do not expect to pay dividends on Common Stock in the foreseeable future.

 Going Concern Uncertainties

 For the fiscal year ended
December 31, 2024, Luduson G Inc. achieved positive earnings, reflecting a significant improvement in our financial performance and operational
stability. This profitability marks a notable turnaround compared to prior periods and is indicative of the success of our strategic initiatives,
cost management efforts, and revenue growth across our business segments. The positive earnings generated during 2024 have strengthened
our liquidity position and reduced concerns regarding our ability to continue as a going concern. As a result, management believes that
the Company has sufficient resources to meet its obligations and fund operations for the foreseeable future. However, we remain vigilant
in monitoring market conditions and our working capital requirements to ensure ongoing financial stability.

 If we cannot raise additional
funds, we will have to cease business operations. As a result, our common stock investors might lose all of their investment.

 2024

 2023

 Net cash (used in) operating activities

 $
 (38,661
)

 $
 (132,484
)

 Net cash used in investing activities

 –

 –

 Net cash used in financing activities

 –

 295,430

 Net Cash Provided by (Used in) Operating Activities.

31, 2024, net cash used in operating activities was $38,661, which consisted primarily of a net income of $12,421,396, along with stock
based compensation of $1,505,500, decrease in inventory of $46,154 and increase in accrued expenses of $34,443 and offset by stock based
revenue of $14,000,000 and increase in other receivables and other current assets of $46,154.

31, 2023, net cash used in operating activities was $132,484, which consisted primarily of a net loss of $303,197, along with decrease
in inventory of $46,154 and decrease in other receivables and other current assets of $64,102 and offset by stock based compensation of
$205,026 and increase in accrued expenses of $75,943.

 Net Cash Used In Investing Activities.

31, 2024, there is no net cash provided by investing activities.

31, 2023, there is no net cash provided by investing activities.

 Net Cash (Used In) Provided by Financing Activities.

31, 2024, there is no net cash used in financing activities.

31, 2023, net cash used in financing activities was $295,430, consisting primarily of proceeds from acquisition subsidiaries and offset
by repayment to borrowings.

 Off-Balance Sheet Arrangements

 We have not entered into
any financial guarantees or other commitments to guarantee the payment obligations of any third parties. In addition, we have not entered
into any derivative contracts that are indexed to our own shares and classified as shareholders' equity, or that are not reflected
in our financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated
entity that serves as credit, liquidity or market risk support to such entity. Moreover, we do not have any variable interest in an unconsolidated
entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development
services with us.

 Critical Accounting Policies and Estimates

 We prepare our financial
statements in conformity with accounting principles generally accepted by the United States of America ("U.S. GAAP"), which
require us to make judgments, estimates, and assumptions that affect our reported amount of assets, liabilities, revenue, costs and expenses,
and any related disclosures. Although there were no material changes made to the accounting estimates and assumptions in the past three
years, we continually evaluate these estimates and assumptions based on the most recently available information, our own historical experience
and various other assumptions that we believe to be reasonable under the circumstances. Since the use of estimates is an integral component
of the financial reporting process, actual results could differ from our expectations as a result of changes in our estimates.

 We believe that our accounting
policies involve a higher degree of judgment and complexity in their application and require us to make significant accounting estimates.
Accordingly, the policies we believe are the most critical to understanding and evaluating our consolidated financial condition and results
of operations are summarized in "Note 3 - Summary of Significant Accounting Policies" in the notes to our consolidated financial

 Recent Accounting Pronouncements

 See "Note 2 - Summary
of Significant Accounting Policies" in the notes to our consolidated financial statements for a discussion of recent accounting
pronouncements.

 Management does not believe
that any recently issued, but not yet effective, accounting standards could have a material effect on the accompanying CFS. As new accounting
pronouncements are issued, we will adopt those that are applicable under the circumstances.

 ITEM 7A. QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKET RISK.

 We are a smaller reporting
company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

 The consolidated unaudited
financial statements thereon are filed pursuant to this Item 8 and are included in this report beginning on page F-1. This is a voluntary
filing by the Company.

 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

 Page

 Report of Independent Registered Public Accounting Firm

 Consolidated Balance Sheets

 Consolidated Statements of Operations and Comprehensive (Loss) Income

 Consolidated Statements of Cash Flows

 Consolidated Statements of Changes in Shareholders' Equity

 Notes to Consolidated Financial Statements

 F-7 – F-20

 F- 1

 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

 F- 2

 CONSOLIDATED BALANCE SHEETS

 AS OF DECEMBER 31, 2024 and 2023

("US$"), except for number of shares)

 As of December 31,

 2024

 2023

 ASSETS

 Current asset:

 Cash and cash equivalents

 $
 136,341

 $
 175,002

 Investment in unlisted shares

 12,500,000

 –

 Account receivable

 –

 –

 Inventory, net

 –

 46,154

 Prepaid expenses and other current assets

 110,256

 64,102

 Total current assets

 12,746,597

 285,258

 Non-current asset:

 Intelligential Property Rights

 6,000,000

 6,000,000

 Goodwill

 806,158

 806,158

 Other Assets

 2,500,000

 –

 Total non-current assets

 9,306158

 6,806,158

 TOTAL ASSETS

 $
 22,052,755

 $
 7,091,416

 LIABILITIES AND SHAREHOLDERS' EQUITY

 Current liabilities:

 Accrued liabilities and other payables

 $
 178,165

 $
 143,722

 Current portion of long-term loan payables

 114,150

 114,150

 Total current liabilities

 292,315

 257,872

 Non-current liabilities

 Long-term loan payables

 987,438

 987,438

 Total non-current liabilities

 987,438

 987,438

 TOTAL LIABILITIES

 1,279,753

 1,245,310

 SHAREHOLDERS' EQUITY

 Common stock, $0.0001 par value, 1,000,000,000 shares authorized at December 31, 2024 and at December 31, 2023, 563,466,410 and 503,466,410 shares issued and outstanding at December 31, 2024 and 2023, respectively

 56,347

 50,347

 Additional paid-in capital

 22,637,764

 20,138,264

 Accumulated other comprehensive loss

 –

 –

 Accumulated deficit

 (1,921,109
)

 (14,342,505
)

 Shareholders' equity

 20,773,002

 5,846,106

 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

 $
 22,052,755

 $
 7,091,416

 See accompanying notes to consolidated financial

 F- 3

 CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
(LOSS) INCOME

 FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

("US$"))

 2024

 2023

 Revenue, net

 $

 $
 –

 Cost of revenue

 –

 –

 Gross profit

 –

 Operating expenses:

 General and administrative expenses

 (1,512,943
)

)

 Total operating expenses

 (1,512,943
)

)

 Operating income (expense)

 12,487,057

)

 Other (expenses) income:

 Interest income

 –

 Interest expense

 (63,661

 (17,706
)

 Listing expense

 (2,000
)

 –

 Total other expenses

 (65,661

 (17,629
)

 INCOME BEFORE INCOME TAXES

)

 Income tax expense

 –

 –

 NET INCOME

)

 Other comprehensive loss:

 Foreign currency translation loss

 –

 –

 COMPREHENSIVE INCOME

 $

 $
)

 Net loss per share:

 Basic and diluted

 $
 0.02

 $
 (0.00
)

 Weighted average shares outstanding

 Basic and diluted

 563,466,410

 416,663,107

 See accompanying notes to consolidated financial

 F- 4

 CONSOLIDATED STATEMENTS OF CASH FLOWS

 FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

("US$"))

 2024

 2023

 Cash flows from operating activities:

 Net loss

 $

 $
)

 Adjustments to reconcile net income to net cash (used in) provided by operating activities

 Share Based Revenue

 –

 Stock based compensation

 1,505,500

 205,026

 Change in operating assets and liabilities:

 Decrease in inventory

 46,154

 (46,154
)

 Decrease in other receivables and other current assets

 (46,154
)

 (64,102
)

 Increase in accounts payable

 –

 –

 Increase in accrued expenses

 34,443

 75,943

 Net cash (used in) operating activities

 (38,661

 (132,484
)

 Cash flows from investing activities:

 Purchases of equipment

 –

 –

 Net cash used in investing activities

 –

 –

 Cash flows from financing activities:

 Repayment to related party

 –

 –

 Proceeds from related party payable

 –

 –

 Proceeds from borrowings

 –

 –

 Repayment to borrowings

 –

 (3,008
)

 Proceeds from acquisition subsidiaries

 –

 298,438

 Net cash provided by financing activities

 –

 295,430

 Effect on exchange rate change on cash and cash equivalents

 –

 –

 Net increase of cash and cash equivalents

 (38,661
)

 162,946

 BEGINNING OF YEAR

 175,002

 12,056

 END OF YEAR

 $
 136,341

 $
 175,002

 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

 Cash paid for tax

 $
 –

 $
 –

 Cash paid for interest

 $
 (63,661
)

 $
 –

 Non-cash financing and investing activities:

 Debt converted to common stock

 $
 –

 $
 –

 Issuance of treasury stock for intelligential property rights

 $
 2,500,000

 $
 –

 See accompanying notes to consolidated financial

 F- 5

 CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS'
EQUITY

 FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

("US$"), except for number of shares)

 Common stock

 Treasury stock

 Additional
 paid-in

 Retained

 Total shareholders'

 No. of shares

 Amount

 No. of shares

 Amount

 capital

 earnings

 equity

 Balance, December 31, 2022

 348,210,000

 $
 34,821

 –

 $
 –

 $
 13,938,364

 $
 (14,039,308
)

 $
 (66,123
)

 Net loss for the year ended December 31, 2023

 –

 –

 –

 –

 –

)

)

 Shares issued as debt conversion July 12, 2023

 34,820,000

 3,482

 –

 –

 –

 –

 3,482

 Shares issued as debt conversion July 13, 2023

 12,180,000

 1,218

 –

 –

 –

 –

 1,218

 Shares issued as debt conversion July 18, 2023

 50,256,410

 5,026

 –

 –

 –

 –

 5,026

 Shares issued as debt conversion July 31, 2023

 20,000,000

 2,000

 –

 –

 –

 –

 2,000

 Shares issued as debt conversion August 1, 2023

 35,000,000

 3,500

 –

 –

 –

 –

 3,500

 Transfer to treasury stock August 15, 2023

 (30,000,000
)

 (3,000
)

 30,000,000

 3,000

 –

 –

 –

 Shares issued as price $0.2 as stock compensation August 22, 2023

 1,000,000

 –

 –

 199,900

 –

 200,000

 Treasury stock was given for the purchase of 30 movie intelligent properties September 21, 2023

 30,000,000

 3,000

 (30,000,000
)

 (3,000
)

 6,000,000

 –

 6,000,000

 Shares issued as debt conversion November 16, 2023

 2,000,000

 –

 –

 –

 –

 Balance, December 31, 2023

 503,466,410

 $
 50,347

 –

 $
 –

 $
 20,138,264

 $
 (14,342,505
)

 $
 5,846,106

 Net income for the year ended December 31, 2024

 –

 –

 –

 –

 –

 Shares issued on January 10, 2024, for the purchase of Metaverse Innovation Laboratory

 5,000,000

 –

 –

 2,499,500

 –

 2,500,000

 Shares issued on April 5, 2024, at par to Mr. Lap Yan CHEUNG, the Company's COO for the services provided to the Company

 55,000,000

 5,500

 –

 –

 –

 –

 5,500

 Balance, December 31, 2024

 563,466,410

 $
 56,347

 –

 $
 –

 $
 22,637,764

 $
 (1,921,109
)

 $
 20,773,002

 See accompanying notes to consolidated financial

 F- 6

 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

("US$"), except for number of shares)

 1.

 DESCRIPTION OF BUSINESS AND ORGANIZATION

 Luduson G Inc. ("the Company" or "LDSN")
was organized under the laws of the State of Delaware on March 6, 2014 under the name Jovanovic-Steele, Inc. The Company's name
was changed to Baja Custom Designs, Inc. on November 30, 2017. The Company was established as part of the Chapter 11 Plan of Reorganization
of Pacific Shores Development, Inc. ("PSD"). The Company's name was further changed to Luduson G Inc. on July 15, 2020.

 On July 06, 2023, the Company completed the Reverse
Takeover of Glamourous Group Holding Limited ("GGHI"), a limited liability company incorporated in the United Kingdom of England
and Wales, by the issuance of 320,000,000 common shares to Ho Chi Wan, the sole shareholder of GGHI, on July 01, 2023. The issuance of
the shares was exempt from registration under the Securities Act of 1933 pursuant to Section 4(a)(2) thereof on the basis that the transaction
did not involve a public offering. The shares are subject to restrictions on resale pursuant to Commission Rule 144 under the Securities
Act.

 As of May 24, 2023, the Company disposed of the
investment in unlisted shares ("Unlisted Shares"), which are the subsidiaries that had been deconsolidated on May 12, 2023,
to Mr. Lan CHAN, a substantial shareholder of the Company at a consideration of $2,821. The Unlisted Shares were classified as a financial
asset at fair value through profit or loss at a carrying value of $2,821 as of the disposal date. There was no gain or loss arising from
the disposal.

 The Company issued an equivalent of 91.9% fully
diluted shares to the business owner of the Target, Ms Ho Chi Wan, in exchange for 100% of the Target and the whole operation. After such
a transaction, Ms Wan gained control of the Company and in effect completed a business combination of the Target with the Company, resulting
in a reverse acquisition (the "Reverse Acquisition"). Glamourous Group Holding Limited includes an experienced team with full
employment contracts, expertise, and customer and supplier list, but has immaterial tangible assets and liabilities. The estimated intangible
assets, comprising the above, are foreseen to create a big profit for the Company, with more than 1,000 Greater China influencers having
a very dominant track record in the Hong Kong movie industry. At the same time, the deconsolidated entities will be returned to the former
Director(s) (the "Spin-out").

 On September 26, 2023, Glamourous Group Holding
Limited (UK) has been merged and replaced with a Hong Kong entity, Glamorous Holdings International Company Limited as part of group restructuring.
The Company have also roll in Glamourous Holdings Company Limited (HK) as part of the group restructuring.

 On January 10, 2024, the Company issued 5,000,000
shares of common stock for a total compensation of $2,500,000 calculated with the quoted market price on OTC Markets of $0.50 per share
as of the date of the agreement to Dr. Kin Fat CHAN, the major shareholder of Metaverse Innovation Laboratory (the "Projects")
with Headquarters in Shenzhen, China, for the purchase and performance of the Projects. Subsequently, the Company, along with the roll
in of LWH Consulting Sdn Bhd on March 28, 2024 and the expansion of our operations to include listing consulting services (see Note –
2 "Roll in of LWH Consulting"), decided to retool this purchase along with the Company's listing consulting services
(see Note – 3 "Purchase of Metaverse Innovation Laboratory").

 On June 28, 2024, the Company launched a collaboration
venture focusing on the innovative and dynamic field of Pixel Art with V1-Play Pixel Art, a private business of the Company's Chief
Operating Officer, Yap Lan CHEUNG. V1-Play Pixel Art ( known for its unique blend of technology and creativity,
represents a significant growth opportunity for the Company. Our dedicated team has been working diligently to develop and implement this
new division, which promises to deliver exceptional value to our stakeholders and elevate the Company's standing in the digital art industry.
This new business is estimated to be worth an impressive $250,000,000 and has the potential to be spun off into another listed entity.
To further facilitate the growth and success of this new venture, the Company's Malaysian subsidiary, LWH Consulting Sdn Bhd, has
been paid 5% of the business' value equivalent to $12,500,000 in shares. This strategic allocation was reflected in the Company's
2024 Q2 financial results, demonstrating our commitment to expanding our international footprint and leveraging the unique strengths of
our regional teams (See Note – 4 "New Pixel Art Business").

 F- 7

 On September 28, 2024, the Company disposed LWH
Consulting Sdn Bhd, a former 100% owned subsidiary of the Company (see Note – 2 "Roll in of LWH Consulting").

 Description of subsidiaries

 Name

 Place of incorporation

 and kind of

 legal entity

 Principal activities

 Particulars of registered/ paid up share capital

 Effective interest

 held

 Glamourous Holdings Company Limited (HK)

 Hong Kong

 Entertainment & Consultancy

 10,000 ordinary shares at par value of HKD1

 100%

 Glamourous Holdings International Company Limited

 Hong Kong

 Entertainment & Consultancy

 10,000 ordinary shares at par value of HKD1

 100%

 The Company and its subsidiaries are hereinafter
referred to as (the "Company").

 2.

 ROLL IN OF LWH CONSULTING

 On March 28, 2024, the Company rolled in LWH Consulting
Sdn Bhd ("LWH Consulting"), a limited liability company incorporated in Malaysia, to carry out the provision of listing consulting
services for clients with business interests in the Greater Bay Area in China and other parts of the world and assisting them to achieve
the largest market value for listing in a short period. LWH Consulting is a boutique listing consulting firm with extensive relationships,
network and solid experience in the industry and assist clients in accessing the global capital markets including but not limited to the
US stock exchanges, the most robust financial markets with a diverse investor base to optimize liquidity.

 During the three months ended March 31, 2024,
LWH Consulting successfully reorganized GSG Group Inc. (OTC: GSGG) such that GSGG is able to raise funds from investors and on capital
markets. The Company received 300,000 shares of GSGG's common stock as compensation for the services provided. The 300,000 shares
are valued by the Company as Level 3 financial assets under the fair-value hierarchy stipulated by the U.S. GAAP. More information on
the valuation of these assets has been detailed in Notes to the Financial Statements under Note 3 'Fair Value of Financial Instruments'.
The Company determined a $1,500,000 valuation for the 300,000 shares of GSGG's common stock and has booked the fair value of the
shares received in the Company's financial statements as revenue of $1,500,000.

 On September 28, 2024, the Company disposed LWH
Consulting and the 300,000 shares of GSGG's common stock as director's renumeration to Ho Chi WAN, the Company's Director
and Non-Executive Chairman. The 300,000 shares of GSGG's common stock with a fair value of $1,500,000 paid to Ho Chi WAN was booked
as general and administrative expenses in the Company's financial statements.

 F- 8

 3.

 PURCHASE OF METAVERSE INNOVATION LABORATORY (THE "PROJECTS")

 On January 10, 2024, the Company issued 5,000,000
shares of common stock for a total compensation of $2,500,000 calculated with the quoted market price on OTC Markets of $0.50 per share
as of the date of the agreement to Dr. Kin Fat CHAN, the major shareholder of Metaverse Innovation Laboratory (the "Projects")
with Headquarters in Shenzhen, China, for the purchase and performance of the Projects. The Projects aim to add to the Company's
metaverse prowess and to develop a highly competitive metaverse, and seamlessly amalgamate movies, games, music, online shows, and KOL
interaction. However, with the roll in of LWH Consulting on March 28, 2024, the Company expanded our operations to include listing consulting
services. The Company identifies potential synergy in a combination between the Projects and V1 Play Limited, a personal company of the
Company's COO Lap Yan CHEUNG. V1 Play Limited is a limited liability company incorporated in Hong Kong that develop and create games
based on pixel art on multiple platforms such as mobile app, gaming consoles and augmented, virtual, and mixed reality. The Company expects
to commence the restructuring and the listing of the Projects and V1 Play Limited in the first half of 2025 and record income for the
listing consulting services provided. Therefore, the Company recorded the $2,500,000 total compensation paid to Dr. CHAN as prepaid expenses
under other assets on the Company's balance sheet and expects to expense the prepaid expenses in the first half of 2025 under the
matching principle.

 Dr. CHAN's professional background includes
serving as the assistant to the renowned Hong Kong entrepreneur, Sir Ka-shing LEE. Dr. CHAN has successfully developed a metaverse dedicated
to Dunhuang Culture.

 4.

 NEW PIXEL ART BUSINESS

 On June 28, 2024, the Company launched a collaboration
venture focusing on the innovative and dynamic field of Pixel Art with V1-Play Pixel Art, a private business of the Company's Chief
Operating Officer, Yap Lan CHEUNG. V1-Play Pixel Art ( known for its unique blend of technology and creativity,
represents a significant growth opportunity for the Company. Our dedicated team has been working diligently to develop and implement this
new division, which promises to deliver exceptional value to our stakeholders and elevate the Company's standing in the digital art industry.
This new business is estimated to be worth an impressive $250,000,000 and has the potential to be spun off into another listed entity.
To further facilitate the growth and success of this new venture, the Company's Malaysian subsidiary, LWH Consulting Sdn Bhd, has
been paid 5% of the business' value equivalent to $12,500,000 in shares. This strategic allocation was reflected in the Company's
2024 Q2 financial results, demonstrating our commitment to expanding our international footprint and leveraging the unique strengths of
our regional teams.

 Pixel Art is a form of digital art where images
are created and edited at the pixel level, often characterized by its blocky, retro aesthetic reminiscent of early video games. This unique
art style utilizes limited color palettes and intricate detailing, allowing artists to craft visually striking and nostalgic pieces that
captivate audiences with their charm and simplicity. As a fusion of technology and creativity, Pixel Art has gained significant popularity
in various digital media, from video games and animations to contemporary art exhibitions.

 5.

 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 The accompanying consolidated financial statements
reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated
financial statements and notes.

 Basis of presentation

 These accompanying consolidated financial statements
have been prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP").

 F- 9

 Use of estimates and assumptions

 In preparing these consolidated financial statements,
management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues
and expenses during the years reported. Actual results may differ from these estimates.

 Basis of consolidation

 The consolidated financial statements include
the financial statements of the Company and its subsidiaries. All significant inter-company balances and transactions within the Company
have been eliminated upon consolidation.

 Cash and cash equivalents

 Cash and cash equivalents are carried at cost
and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an
original maturity of three months or less as of the purchase date of such investments.

 Accounts receivable

 Accounts receivable are recorded at the invoiced
amount and do not bear interest, which are due within contractual payment terms, generally 30 to 90 days from completion of service.
Credit is extended based on evaluation of a customer's financial condition, the customer credit-worthiness and their payment history.
Accounts receivable outstanding longer than the contractual payment terms are considered past due. Past due balances over 90 days and
over a specified amount are reviewed individually for collectibility. At the end of fiscal year, the Company specifically evaluates individual
customer's financial condition, credit history, and the current economic conditions to monitor the progress of the collection of
accounts receivables. The Company will consider the allowance for doubtful accounts for any estimated losses resulting from the inability
of its customers to make required payments. For the receivables that are past due or not being paid according to payment terms, the appropriate
actions are taken to exhaust all means of collection, including seeking legal resolution in a court of law. 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 does not have any off-balance-sheet credit exposure related to its customers. The allowance for doubtful accounts was $0 and
$0 as of December 31, 2024 and 2023, respectively.

 Plant and equipment

 Plant and equipment are stated at cost less accumulated
depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected
useful lives from the date on which they become fully operational and after taking into account their estimated residual values:

 Expected useful lives

 Leasehold improvement

 3 years

 Computer equipment

 3-5 years

 Furniture and equipment

 5 years

 Plant and Equipment

 5 years

 Expenditures for repairs and maintenance are expensed
as incurred. When assets have been retired or sold, the cost and related accumulated depreciation are removed from the accounts and any
resulting gain or loss is recognized in the results of operations.

 Depreciation expense for the years ended December
31, 2024 and 2023 were nil and nil respectively.

 F- 10

 Revenue recognition

 The Company recognizes revenue from its contracts
with customers in accordance with ASC 606 – Revenue from Contracts with Customers. The Company recognizes revenues when satisfying
the performance obligation of the associated contract that reflects the consideration expected to be received based on the terms of the
contract.

 Under ASC 606, a performance obligation is a promise
within a contract to transfer a distinct good or service, or a series of distinct goods and services, to a customer. Revenue is recognized
when performance obligations are satisfied and the customer obtains control of promised goods or services. The amount of revenue recognized
reflects the consideration to which the Company expects to be entitled to receive in exchange for goods or services. Under the standard,
a contract's transaction price is allocated to each distinct performance obligation. To determine revenue recognition for arrangements
that the Company determines are within the scope of ASC 606, the Company performs the following five steps:

 identify the contract with a customer;

 identify the performance obligations in the contract;

 determine the transaction price;

 allocate the transaction price to performance obligations in the contract; and

 recognize revenue as the performance obligation is satisfied.

 The transaction price for each contract is determined
based on the amount the Company expects to be entitled to receive in exchange for transferring the promised products or services to the
customer. Collectability of revenue is reasonably assured based on historical evidence of collectability of fees the Company charges its
customers. The transaction price in the contract is allocated to each distinct performance obligation in an amount that represents the
relative amount of consideration expected to be received in exchange for satisfying each performance obligation. Revenue is recognized
when performance obligations are satisfied. At contract inception, the Company determines whether it satisfies the performance obligation
over time or at a point in time.

 The Company currently does not derive any revenues.

 Cost of revenue

 Cost of revenue consists primarily of the fees
paid to contracted programmers and labor costs, which are directly attributable to the rendering of services.

 Income taxes

 The Company adopted the ASC 740 Income tax
provisions of paragraph 740-10-25-13, which addresses the determination of whether tax benefits claimed or expected to be claimed on a
tax return should be recorded in the consolidated financial statements. Under paragraph 740-10-25-13, the Company may 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 consolidated financial statements
from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized
upon ultimate settlement. Paragraph 740-10-25-13 also provides guidance on de-recognition, classification, interest and penalties on income
taxes, accounting in interim periods and requires increased disclosures. The Company had no material adjustments to its liabilities for
unrecognized income tax benefits according to the provisions of paragraph 740-10-25-13.

 F- 11

 The estimated future tax effects of temporary
differences between the tax basis of assets and liabilities are reported in the accompanying balance sheets, as well as tax credit carry-backs
and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its balance sheets and provides
valuation allowances as management deems necessary.

 Uncertain tax positions

 The Company did not take any uncertain tax positions
and had no adjustments to its income tax liabilities or benefits pursuant to the ASC 740 provisions of Section 740-10-25 for the years
ended December 31, 2024 and 2023.

 Foreign currencies translation

 Transactions denominated in currencies other than
the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction.
Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency
using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the consolidated statement
of operations.

 The reporting currency of the Company is United
States Dollar ("US$") and the accompanying consolidated financial statements have been expressed in US$. In addition, the Company
is operating in Hong Kong and maintain its books and record in its local currency, Hong Kong Dollars ("HKD"), which is a functional
currency as being the primary currency of the economic environment in which their operations are conducted. In general, for consolidation
purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with ASC
Topic 830-30, " Translation of Financial Statement ", using the exchange rate on the balance sheet date. Revenues and
expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements
of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statements of changes
in shareholders' equity.

 Translation of amounts from HKD into US$ has been
made at the following exchange rates for the years ended December 31, 2024 and 2023:

 December 31, 2024

 December 31, 2023

 Year-end HKD:US$ exchange rate

 7.7634

 7.8105

 Annual average HKD:US$ exchange rate

 7.7870

 7.8290

 Comprehensive income

 ASC Topic 220, " Comprehensive Income ",
establishes standards for reporting and display of comprehensive income, its components and accumulated balances. Comprehensive income
as defined includes all changes in equity during a period from non-owner sources. Accumulated other comprehensive income, as presented
in the accompanying consolidated statements of changes in shareholders' equity, consists of changes in unrealized gains and losses
on foreign currency translation. This comprehensive income is not included in the computation of income tax expense or benefit.

 Retirement plan costs

 Contributions to retirement plans (which are defined
contribution plans) are charged to general and administrative expenses in the accompanying statements of operation as the related employee
service are provided.

 F- 12

 Share-based compensation

 The Company follows ASC 718, Compensation—Stock
Compensation ("ASC 718"), which requires the measurement and recognition of compensation expense for all share-based payment
awards, including restricted stock units, based on estimated grant date fair values. Restricted stock units are valued using the market
price of the Company's common shares on the date of grant. The Company records compensation expense, net of estimated forfeitures,
over the requisite service period.

 Debt issued with common stock

 Debt issued with common stock is accounted for
under the guidelines established by ASC 470-20 – Accounting for Debt With Conversion or Other Options. The Company recorded
the relative fair value of common stock and warrants related to the issuance of debt as a debt discount or premium. The discount or premium
is subsequently amortized to interest expense over the expected term of the debt.

 Leases

 The Company adopts the FASB Accounting Standards
Update ("ASU") 2016-02 "Leases (Topic 842)." for all periods presented. This standard requires lessees to
recognize lease assets ("right of use") and related lease obligations ("lease liabilities") on the balance sheet
for leases with terms in excess of 12 months.

 The Company determines if an arrangement is a
lease at inception. Operating leases are included in operating lease right-of-use ("ROU") assets and operating lease liabilities
in the consolidated balance sheets. Finance leases are included in finance lease ROU assets and finance lease liabilities in the consolidated
balance sheets.

 ROU assets represent the Company's right
to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising
from the lease. Operating lease and finance lease ROU assets and liabilities are recognized at commencement date based on the present
value of lease payments over the lease term discounted using the rate implicit in the lease. In cases where the implicit rate is not readily
determinable, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the
present value of lease payments. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

 Related parties

 The Company follows the ASC 850-10, Related
Party for the identification of related parties and disclosure of related party transactions.

 Pursuant to section 850-10-20 the related parties
include a) affiliates of the Company; b) entities for which investments in their equity securities would be required, absent the election
of the fair value option under the Fair Value Option Subsection of section 825–10–15, to be accounted for by the equity method
by the investing entity; c) trusts for the benefit of employees, such as pension and Income-sharing trusts that are managed by or under
the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company
may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one
of the transacting parties might be prevented from fully pursuing its own separate interests; and g) other parties that can significantly
influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting
parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully
pursuing its own separate interests.

 F- 13

 The consolidated financial statements shall include
disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items
in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined
financial statements is not required in those statements. The disclosures shall include: a) the nature of the relationship(s) involved;
b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods
for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions
on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented
and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amount due from
or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

 Commitments and contingencies

 The Company follows the ASC 450-20, Commitments
to report accounting for contingencies. Certain conditions may exist as of the date the financial statements are issued, which may result
in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such
contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal
proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the
perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected
to be sought therein.

 If the assessment of a contingency indicates that
it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would
be accrued in the Company's consolidated financial statements. If the assessment indicates that a potentially material loss contingency
is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an
estimate of the range of possible losses, if determinable and material, would be disclosed.

 Loss contingencies considered remote are generally
not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon
information available at this time that these matters will have a material adverse effect on the Company's financial position, results
of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company's
business, financial position, and results of operations or cash flows.

 Fair value of financial instruments

 The Company follows paragraph 825-10-50-10 of
the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and has adopted paragraph 820-10-35-37
of the FASB Accounting Standards Codification ("Paragraph 820-10-35-37") to measure the fair value of its financial instruments.
Paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a framework for measuring fair value in generally accepted
accounting principles (GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair
value measurements and related disclosures, paragraph 820-10-35-37 of the FASB Accounting Standards Codification establishes a fair value
hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value
hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest
priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by paragraph 820-10-35-37 of the FASB Accounting
Standards Codification are described below:

 Level 1

 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

 Level 2

 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

 Level 3

 Pricing inputs that are generally observable inputs and not corroborated by market data.

 F- 14

 Financial assets are considered Level 3 when 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.

 The fair value hierarchy gives the highest priority
to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. If
the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is
based on the lowest level input that is significant to the fair value measurement of the instrument.

 The carrying amounts of the Company's financial
assets and liabilities, such as cash and cash equivalents, accounts receivable, deposits, prepayment and other receivables, amount due
from a director and operating lease right-of-use assets, approximate their fair values because of the short maturity of these instruments.

 Recent accounting pronouncements

 Management does not believe that any recently
issued, but not yet effective, accounting standards could have a material effect on the accompanying CFS. As new accounting pronouncements
are issued, we will adopt those that are applicable under the circumstances.

 6.

 GOING CONCERN UNCERTAINTIES

 The Company's consolidated financial statements
as of December 31, 2024 been prepared using generally accepted accounting principles in the United States of America applicable to a going
concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has
incurred a net income of $12,421,396 for the current year.

 In order to continue as a going concern, the Company
will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining
capital and the continued financial support from management and significant shareholders sufficient to meet its minimal operating expenses
and seeking third party equity and/or debt financing. Management believes the Company is currently pursuing additional financing for its
operations. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

 These and other factors raise substantial doubt
about the Company's ability to continue as a going concern. These consolidated financial statements do not include any adjustments
to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result in the Company
not being able to continue as a going concern.

 7.

 BUSINESS SEGMENT

 The Company considers its business activities
to constitute of 1 reportable segment, namely its listing consulting services. The Company's revenues for the years ended December
31, 2024 and 2023 are $14,000,000 and nil, respectively.

 8.

 ACCOUNTS AND RETENTION RECEIVABLE

 As of December 31, 2024 and 2023, the Company's
account receivable are nil.

 9.

 PLANT AND EQUIPMENT

 The Company has no plant and equipment as of December
31, 2024 and 2023.

 F- 15

 10.

 PREPAID EXPENSES AND OTHER CURRENT ASSETS

 As of December 31, 2024 and 2023, the Company's
prepaid expenses and other current assets are $110,256 and $64,102, respectively. The Company's prepaid expenses and other current
assets as of December 31, 2024 and 2023 mainly consisted of prepaid expenses.

 11.

 INTELLIGENTIAL PROPERTY RIGHTS

 The Company, on July 21, 2023, entered into an
Agreement for Purchase of Commercial Movie Projects with Man Fai CHENG to purchase 20 commercial movie projects for a price of $4,000,000
payable by 20,000,000 shares of the Company's freely tradable common stock calculated with the quoted market price on OTC Markets
of $0.20 per share as of the date of the agreement. The Company, on July 21, 2023, entered separately into an Agreement for Purchase
of Animation Movie Projects with Woon Chun KWOK to purchase 5 animation movie projects for a price of $2,000,000 payable by 10,000,000
shares of the Company's freely tradable common stock calculated with the quoted market price on OTC Markets of $0.20 per share
as of the date of the agreement. The Management, according to ASC Topic 820, Fair Value Measurements and Disclosures, uses Level 3 inputs
such as observable Hong Kong entertainment industry market for its valuation methodology of the movie projects. Collectively, the total
$6,000,000 value of the movie projects is recognized as Intelligential Property Rights on the Company's balance sheet.

 12.

 AMOUNT DUE FROM (TO) A RELATED PARTY

 As of December 31, 2024 and 2023, the Company
do not have any amount due from (to) a related party.

 13.

 SHAREHOLDERS' EQUITY

 Authorized shares

 As of December 31, 2024, the authorized share
capital of the Company consisted of 1,000,000,000 shares of common stock with $0.0001 par value (December 31, 2023: 1,000,000,000 shares
of common stock), and 20,000,000 shares of preferred stock also with $0.0001 par value (December 31, 2023: 20,000,000 shares of preferred
stock). No other classes of stock are authorized.

 The Company's first issuance of common stock,
totaling 580,000 shares, took place on March 6, 2014 pursuant to the Chapter 11 Plan of Reorganization confirmed by the U.S. Bankruptcy
Court in the matter of Pacific Shores Development, Inc. ("PSD"). The Court ordered the distribution of shares in the Company
to all general unsecured creditors of PSD, with these creditors to receive their Pro Rata share (according to amount of debt held) of
a pool of 80,000 shares in the Company. The Court also ordered the distribution of shares in the Company to all administrative creditors
of PSD, with these creditors to receive one share of common stock in the Company for each $0.10 of PSD's administrative debt which they
held. A total of 500,000 shares were issued to PSD's administrative creditors.

 The Court has also ordered the distribution of
2,500,000 warrants in the Company to all administrative creditors of PSD, with these creditors to receive five warrants in the Company
for each $0.10 of PSD's administrative debt which they held. These creditors received 2,500,000 warrants consisting of 500,000 "A
Warrants" each convertible into one share of common stock at an exercise price of $4.00; 500,000 "B Warrants" each convertible
into one share of common stock at an exercise price of $5.00; 500,000 "C Warrants" each convertible into one share of common
stock at an exercise price of $6.00; 500,000 "D Warrants" each convertible into one share of common stock at an exercise price
of $7.00; and 500,000 "E Warrants" each convertible into one share of common stock at an exercise price of $8.00. All warrants
are exercisable at any time prior to August 30, 2025. As of the date of this report, no warrants have been exercised.

 On May 22, 2020, the Company consummated the acquisition
of LHCL and agreed to issue to the shareholders of LHCL Ten Million (10,000,000) shares of its common stock, at a value of $0.10 per share,
for an aggregate value of $1,000,000.

 F- 16

 As of December 31, 2024, no warrants have been
exercised.

 Issued and outstanding shares

 On January 2, 2020, the Company declared and paid
a dividend of $184,919 to its shareholders.

 On May 8, 2020, the Company executed a Share Exchange
Agreement ("the "Share Exchange Agreement") with Luduson Holding Company Limited, a limited company organized under
the laws of the British Virgin Islands ("LHCL"), and the shareholders of LHCL. Pursuant to the Share Exchange Agreement, the
Company agreed to purchase Ten Thousand (10,000) ordinary shares representing 100% of the issued and outstanding ordinary shares of the
LHCL (the "LHCL Shares"). As consideration, the Company agreed to issue to the shareholders of LHCL Ten Million (10,000,000)
shares of its common stock, at a value of US$0.10 per share, for an aggregate value of US$1,000,000. The Company consummated the acquisition
of LHCL on May 22, 2020.

 On May 8, 2020, the Company and its shareholders
executed a Share Exchange Agreement ("the "Share Exchange Agreement") with Baji Custom Design Inc., a limited company
organized under the laws of the State of Delaware ("BJCD"). Pursuant to the Share Exchange Agreement, the Company agreed to
sell its aggregate of 10,000 ordinary shares representing 100% of the issued and outstanding ordinary shares of the Company. As consideration,
the Company's Shareholders were received 10,000,000 shares of BJCD's common stock, at a value of $0.10 per share, for an aggregate
value of $1,000,000 (the "Shares"). The parties are entitled to terminate the Share Exchange Agreement if closing has not
occurred on or prior to August 1, 2020. The consummation of the transactions contemplated in the Share Exchange Agreement is subject to
normal and customary conditions precedent including, without limitation, satisfactory due diligence of the Company by BJCD.

 On September 9, 2020, the Company issued 2,500,000
shares of its common stock to five individuals of consultants and service providers for the IT programming and marketing services rendered
to the Company, at the fair value of $0.13 per shares, totally $325,000.

 In September 2021, the Company issued 100,000
restricted shares of its common stock to Williamsburg as Initial Commitment Shares which is treated as debt discount and it will be amortized
to interest expense over the expected term of the debt.

 On May 30, 2023, the Company approved an issuance
of 47,000,000 common shares to Siu Chung Cheung and recipients ("CHEUNG el.") in regard to an outstanding debt of $4,700.
The shares were issued on July 12 and 13, 2023, respectively.

 On July 06, 2023, the Company completed the Reverse
Takeover of Glamourous Group Holding Limited ("GGHI"), a limited liability company incorporated in the United Kingdom of England
and Wales, by the issuance of 320,000,000 common shares to Ho Chi Wan, the sole shareholder of GGHI, on July 01, 2023. The issuance of
the shares was exempt from registration under the Securities Act of 1933 pursuant to Section 4(a)(2) thereof on the basis that the transaction
did not involve a public offering. The shares are subject to restrictions on resale pursuant to Commission Rule 144 under the Securities
Act.

 As of December 31, 2024, 563,466,410 common shares
were issued and outstanding (December 31, 2023: 503,466,410 common shares issued and outstanding), and 2,500,000 warrants to acquire common
shares were issued and exercisable (December 31, 2023: 2,500,000 warrants).

 According to RTO accounting, the financial statement
presentation has been presented as if the merger had taken place on January 1, 2022. Therefore, the fully diluted shares as of December
31, 2022 is presented as 348,210,000 shares.

 F- 17

 14.

 INCOME TAX

 The provision for income taxes as shown in the
accompanying consolidated statements of operations consists of the following:

 2024

 2023

 Current:

 Domestic

 $
 –

 $
 –

 Foreign

 –

 –

 Deferred:

 Domestic

 –

 –

 Foreign

 –

 –

 Provision for income taxes

 $
 –

 $
 –

 The effective tax rate in the years presented
is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rate. The Company operates
in various countries: United States of America, Malaysia, Hong Kong, and other parts of Asia, that are subject to taxes in the jurisdictions
in which they operate, as follows:

 United States of America

 LDSN is registered in the State of Delaware and
is subject to US federal corporate income tax. The U.S. Tax Cuts and Jobs Act (the "Tax Reform Act") was signed into law.
The Tax Reform Act significantly revised the U.S. corporate income tax regime by, among other things, lowering the U.S. corporate tax
rate from 35% to 21% effective January 1, 2018. The Company's policy is to recognize accrued interest and penalties related to unrecognized
tax benefits in its income tax provision. The Company has not accrued or paid interest or penalties which were not material to its results
of operations for the periods presented. Deferred tax asset is not provided for as the tax losses may not be able to carry forward after
a change in substantial ownership of the Company in May 2020.

 As of December 31, 2024, the operations in the
United States of America incurred nil cumulative net operating income which can be carried forward to offset future taxable income. Any
net operating loss carry forwards begin to expire in 2038, if unutilized.

 ASC 740, Accounting for Income Taxes, which
requires an assessment of both positive and negative evidence when determining whether it is more likely than not that deferred tax assets
are recoverable. Such assessment is required on a jurisdiction by jurisdiction basis. The Company's history of cumulative losses,
along with expected future U.S. losses required that a full valuation allowance be recorded against all net deferred tax assets. The Company
intends to maintain a full valuation allowance on net deferred tax assets until sufficient positive evidence exists to support reversal
of the valuation allowance.

 BVI

 Under the current BVI law, the Company is not
subject to tax on income.

 F- 18

 Malaysia

 The income tax provision in respect of operations
in Malaysia is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations,
and practices. The principal legislation that governs a person's income tax in Malaysia is the Income Tax Act 1967 (the "ITA").
The regulatory body implementing and enforcing the ITA is the Inland Revenue Board of Malaysia. Pursuant to Section 3 of the ITA, income
tax shall be charged for each year of assessment upon the income of any person accruing in or derived from Malaysia or received in Malaysia
from outside Malaysia.

 Under the ITA, enterprises incorporated in Malaysia
are usually subject to a unified 24% enterprise income tax rate while preferential tax rates, tax holidays, and tax exemptions may be
granted on a case-by-case basis. The tax rate for small and medium sized companies (generally companies incorporated in Malaysia with
paid-in capital of MYR2,500,000 or less, and gross income of not more than MYR50 million) is 17% for the first MYR600,000 (or approximately
$150,000), with the remaining balance being taxed at the 24% rate.

As of December 31, 2024, the operations in the Malaysia incurred nil cumulative net operating income which can be carried forward
to offset future taxable income. Any net operating loss carry forwards begin to expire in 2038, if unutilized

 15.

 NET INCOME PER SHARE

 Basic net income per share is computed using the
weighted average number of common shares outstanding during the year. The dilutive effect of potential common shares outstanding is included
in diluted net loss per share. The following table sets forth the computation of basic and diluted net loss per share for the years ended
December 31, 2024 and 2023:

 2024

 2023

 Net income/ (loss) attributable to common shareholders

 $

 $
)

 Weighted average common shares outstanding – Basic and diluted

 563,466,410

 416,663,107

 Net income/ (loss) per share – Basic and diluted

 $
 0.02

 $
 (0.00
)

 16.

 PENSION COSTS

 The Company is required to make contribution under
a defined contribution pension scheme for all of its eligible employees in Hong Kong. The Company is required to contribute a specified
percentage of the participants' relevant income based on their ages and wages level. The total contributions made were $0 and $0 for the
years ended December 31, 2024 and 2023, respectively.

 17.

 RELATED PARTY TRANSACTIONS

 The Company, after the RTO with Glamourous Group
Holding Limited (UK), merged and replaced Glamourous Group Holding Limited (UK) with two Hong Kong entities, Glamourous Holdings International
Company Limited and Glamourous Holdings Company Limited (HK) (the "Wholly-owned Subsidiaries"), from Ho Chi WAN, the Company's
majority shareholder, Non-Executive Chairman and Director at a nominal value of $1.00 to execute the Company's main operations in Hong
Kong. Both Wholly-owned Subsidiaries were of stockholder deficit when acquired by the Company. The excess of the amount paid by the Company
for the acquisition of both over the net liabilities is recognized as goodwill. The Company's Management determines that the Wholly-owned
Subsidiaries are operational and are significant for the Company to carry out its operations that are mainly based in Hong Kong. Therefore,
no impairment for the goodwill recognized from the abovementioned acquisition. As of December 31, 2024, the Company has no related party
transactions

 F- 19

 18.

 CONCENTRATIONS OF RISK

 The Company is exposed to the following concentrations of risk:

 (a)

 Economic and political risk

 The Company's major operations are conducted
in Hong Kong. Accordingly, the political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong's
economy may influence the Company's business, financial condition, and results of operations.

 (b)

 Exchange rate risk

 The Company cannot guarantee that the current
exchange rate will remain steady; therefore there is a possibility that the Company could post the same amount of profit for two comparable
periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of HKD converted
to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.

 19.

 COMMITMENTS AND CONTINGENCIES

 As of December 31, 2024, the Company has no material
commitments or contingencies.

 20.

 SUBSEQUENT EVENTS

 In accordance with ASC Topic 855, " Subsequent
Events ", which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date
but before consolidated financial statements are issued, the Company has evaluated all events or transactions that occurred after December
31, 2024, up through the date the Company issued the unaudited consolidated financial statements.

 Other than the new appointment of Pengsheng Certified
Public Accountants on February 10, 2025, the Company determined that there are no further events to disclose.

 F- 20

 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
AND FINANCIAL DISCLOSURE.

 None.

 ITEM 9A. CONTROLS AND PROCEDURES.

 Evaluation of Disclosure
Controls and Procedures

 Our management is responsible
for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act)
that is designed to ensure that information required to be disclosed by the Company in the reports that we file or submit under the Exchange
Act is recorded, processed, summarized and reported, within the time specified in the Commission's rules and forms. Disclosure controls
and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an
issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including
its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate
to allow timely decisions regarding required disclosure.

 As required by Rule 13a-15
under the Securities Exchange Act of 1934, as of the end of the period covered by this report, we have carried out an evaluation of the
effectiveness of the design and operation of our company's disclosure controls and procedures. Under the direction of our Chief
Executive Officer and our Chief Financial Officer, we evaluated our disclosure controls and procedures and internal control over financial
reporting and concluded that (i) there continue to be material weaknesses in the Company's internal controls over financial reporting,
that the weaknesses constitute a "deficiency" and that this deficiency could result in misstatements of the foregoing accounts
and disclosures that could result in a material misstatement to the financial statements for the period covered by this report that would
not be detected, and (ii) accordingly, our disclosure controls and procedures were effective as of December 31, 2023.

 However, it should be noted
that the design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can
be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how remote.

 Management's Annual Report
On Internal Control Over Financial Reporting

 Our management is responsible
for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under
the Securities Exchange Act. Our management is also required to assess and report on the effectiveness of our internal control over financial
reporting in accordance with Section 404 of the Sarbanes-Oxley Act of 2002 ("Section 404"). Management assessed the effectiveness
of our internal control over financial reporting as of December 31, 2024. In making this assessment, we used the criteria set forth by
the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control – Integrated Framework. During our
assessment of the effectiveness of internal control over financial reporting as of December 31, 2024, management identified significant
deficiencies related to (i) the U.S. GAAP expertise of our internal accounting staff and chief financial officer, (ii) our internal audit
functions and (iii) a lack of segregation of duties within accounting functions. Although management believes that these deficiencies
do not amount to a material weakness, our internal controls over financial reporting were not effective at December 31, 2024.

 A material weakness is a
deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility
that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. A significant
deficiency is a deficiency, or a combination of deficiencies, in internal control over financial reporting that is less severe than a
material weakness, yet important enough to merit attention by those responsible for oversight of the Company's financial reporting.

 In light of these material
weaknesses, we performed additional analyses and procedures in order to conclude that our consolidated financial statements for the year
ended December 31, 2024 included in this Annual Report on Form 10-K were fairly stated in accordance with the U.S. GAAP. Accordingly,
management believes that despite our material weaknesses, our consolidated financial statements for the year ended December 31, 2024 are
fairly stated, in all material respects, in accordance with the U.S. GAAP.

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

 Changes in Internal Control over Financial
Reporting

 There were no changes in
the Company's internal control over financial reporting that occurred during the last fiscal quarter that have materially affected,
or is reasonably likely to materially affect, the Company's internal control over financial reporting.

 ITEM 9B. OTHER INFORMATION.

 During the year ended December 31,
2024, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1
trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.

 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT
INSPECTIONS.

 None.

 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

 Set forth below are the present
directors and executive officers of the Company. Note that there are no other persons who have been nominated or chosen to become directors
nor are there any other persons who have been chosen to become executive officers. There are no arrangements or understandings between
any of the directors, officers and other persons pursuant to which such person was selected as a director or an officer. Directors are
elected to serve until the next annual meeting of stockholders and until their successors have been elected and have qualified. Officers
are appointed to serve until the meeting of the board of directors following the next annual meeting of stockholders and until their successors
have been elected and qualified.

 Name

 Age

 Positions

 Man Fai CHENG

 Chief Executive Officer, Director

 Eng Wah KUNG

 Chief Financial Officer, Secretary, Director

 Lap Yan CHEUNG

 Chief Operating Officer, Director

 Ho Chi WAN

 Non-Executive Chairman, Director

 Biographies

 Set forth below are brief
accounts of the business experience during the past five years of each director, executive officer and significant employee of the Company.

 Man Fai CHENG,
age 57, joined us as our Chief Executive Officer and Director on May 25, 2023. He holds a Bachelor of Social Science degree from
the University of Hong Kong. Mr. Fai is a film director, screenwriter and actor. He entered the Hong Kong film industry in 1995 as a scriptwriter
and assistant director in the film "Ten Brothers". After that, he was involved as a scriptwriter, assistant director and actor
in several Stephen Chow movies, including "The King of Comedy", "The Lucky Guys" and "The God of Cookery".
In 2020, he started to become a film director. His directed movies include "Dragon Battle", "Swimsuit Queen" and
"People Eater".

 Eng Wah KUNG,
age 63, joined us as our Chief Financial Officer, Secretary and Director on May 25, 2023. He holds a First Class Diploma in Hotel
Management from Les Roches, Switzerland. He was the General Manager with Hic Inn, Cambodia prior to joining the Company. Mr. Kung has
been a general manager for several Southeast Asian hotel operations companies since year 2003, including Nha Trang Lodge, Vietnam and
NCL Cambodia Pte Ltd. He has over 33 years in the senior general management position in the Meetings/Incentives/Convention/Exhibition
industry. He is responsible for over-seeing the future MICE operations of the Company using his extensive skills, knowledge and experience.
In fact, Mr. Kung has established good working relationships with the central governments and local authorities of Cambodia, Vietnam and
Malaysia.

 Lap Yan CHEUNG,
age 56, joined us as our Chief Operating Officer and Director on May 25, 2023. Mr. Cheung has over 32 years of experience in the game
industry. In addition to the development of video and PC games, he is also experienced in the marketing, promotion and monetization of
mobile and social games. He was the pixel character designer of the world-famous Tamagotchi. He collaborated with Japanese game publisher
CAPCOM and mobile phone designer Nokia to release "Street Fighter WAP" game. In 2014, he continued to expand the value of
game markets, as he took the mission of promoting e-sports in Southeast Asia as the Vice President of Asia-Pacific E-Sports Association
on December 1, 2016.

 Ho Chi WAN,
aged 45, joined us as our Non-Executive Chairman and Director on May 25, 2023. Ms. Wan has about 20 years of experience in the entertainment
industry. She built herself a strong connection with Hong Kong and Mainland artists, media companies, iconic movie directors and scriptwriters
of the Hong Kong movie Golden Era, to the latest high-on-demand Mainland short movies, variety shows to beauty pageant organizers. Ms.
Wan was awarded numerous distributorships in the past, including a few of the popular Chinese platforms, such as Bigolive - a live streaming
platform and social networking app that allows users to broadcast and view live videos, similar to Tiktok, popular among youngsters of
the Chinese community. All her connections and renewable distributorships will be put in the Group upcoming.

 Family Relationships.

 There are no family relationships between any
of our directors or executive officers.

 Involvement in Certain Legal Proceedings

 No executive officer or director
has been involved in the last ten years in any of the following:

 Any bankruptcy petition filed by or against any business or property of such person, or of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;

 Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);

 Being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities;

 Being found by a court of competent jurisdiction (in a civil action), the SEC or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated;

 Being the subject of or a party to any judicial or administrative order, judgment, decree or finding, not subsequently reversed, suspended or vacated relating to an alleged violation of any federal or state securities or commodities law or regulation, or any law or regulation respecting financial institutions or insurance companies, including but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or any law or regulation prohibiting mail, fraud, wire fraud or fraud in connection with any business entity; or

 Being the subject of or a party to any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act, any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

 Board Committees and Audit Committee Financial Expert

 We do not currently have
a standing audit, nominating or compensation committee of the board of directors, or any committee performing similar functions. Our board
of directors performs the functions of audit, nominating and compensation committees. As of the date of this report, no member of our
board of directors qualifies as an "audit committee financial expert" as defined in Item 407(d)(5) of Regulation S-K promulgated
under the Securities Act. We hope to attract a director who qualifies as an "audit committee financial expert" as our business
operations mature.

 Our board of directors does
not have a policy with regards to the consideration of any director candidates recommended by our shareholders. Our board of directors
has determined that it is in the best position to evaluate our company's requirements as well as the qualifications of each candidate
when the board considers a nominee for a position on our board of directors.

 There have not been any
material changes to the procedures by which security holders may recommend nominees to the registrant's board of directors since
December 31, 2024.

 Code of Ethics

 We have not yet adopted a
code of ethics that applies to our principal executive officer, principal financial officer principal accounting officer or controller
in light of our Company's current stage of development. We expect to adopt a code of ethics in the near future.

 ITEM 11. EXECUTIVE COMPENSATION.

 Compensation Philosophy and Objectives

 Currently, our executive
directors and officers do not receive compensation for services provided in such capacities. We anticipate providing cash compensation
for services in the future to our executive officers and directors. We expect to establish an incentive compensation plan as our
company matures. We expect that our executive compensation philosophy will be to create a long-term direct relationship between pay and
our performance. Our executive compensation program will be designed to provide a balanced total compensation package over the executive's
career with us. The compensation program objectives will be to attract, motivate and retain the qualified executives that help ensure
our future success, to provide incentives for increasing our profits by awarding executives when corporate goals are achieved and to align
the interests of executives and long-term stockholders. We expect the compensation package of our named executive officers to consist
of the following main elements:

 1.

 base salary for our executives that is competitive relative to the market, and that reflects individual performance, retention and other relevant considerations;

 2.

 incentive compensation consisting of stock options, restricted stock and the like; and

 3.

 discretionary bonus awards payable in cash and or securities of the Company tied to the satisfaction of corporate objectives.

 Process for Setting Executive Compensation

 As we do not have Compensation
Committee, our Board will be responsible for developing and overseeing the implementation of our philosophy with respect to the compensation
of executives and for monitoring the implementation and results of the compensation philosophy to ensure compensation remains competitive,
creates proper incentives to enhance stockholder value and rewards superior performance. The Board will annually review and approve for
each named executive officer, and particularly with regard to the Chief Executive Officer, all components of the executive's compensation.
The Board may award discretionary bonuses to each of the named executives, and reviews and approves the process and factors (including
individual and corporate performance measures and actual performance versus such measures) used by the Chief Executive Officer to recommend
such awards. Additionally, the Board will review and approve the base salary, equity-incentive awards (if any) and any other special or
supplemental benefits of the named executive officers.

 We expect our Chief Executive
Officer to periodically provide the Board with an evaluation of each named executive officer's performance, based on the individual
performance goals and objectives developed by the Chief Executive Officer at the beginning of the year, as well as other factors. The
Board will provide an evaluation for the Chief Executive Officer. These evaluations will serve as the bases for bonus recommendations
and changes in the compensation arrangements of our named executives.

 Our Compensation Peer Group

 We expect to engage in informal
market analysis in evaluating our executive compensation arrangements. As the Company and its businesses mature, we may retain compensation
consultants that will assist us in developing a formal benchmark and selecting a compensation peer group of companies similar to us in
size or business for the purpose of comparing executive compensation levels.

 Program Components

 We expect our executive compensation
program to consist of the following elements:

 Base Salary

 Our base salary structure
will be designed to encourage internal growth, attract and retain new talent, and reward strong leadership that will sustain our growth
and profitability. The base salary for each named executive officer will reflect our past and current operating profits, the named executive
officer's individual contribution to our success throughout his career, internal pay equity and informal market data regarding comparable
positions within similarly situated companies. In determining and setting base salary, the Board will consider all of these factors, though
it will not assign specific weights to any factor. The Board will generally review the base salary for each named executive officer on
an annual basis. For each of our named executive officers, we expect to review base salary data internally obtained by the Company for
comparable executive positions in similarly situated companies to ensure that the base salary rate for each executive is competitive relative
to the market.

 Discretionary Bonus

 The objectives of our bonus
awards will be to encourage and reward our employees, including the named executive officers, who contribute to and participate in our
success by their ability, industry, leadership, loyalty or exceptional service and to recruit additional executives who will contribute
to that success.

 Each of our named executive
officers will be eligible for consideration for a discretionary cash bonus. The Chief Executive Officer will make recommendations regarding
bonus awards for the named executive officers and the Board provides the bonus recommendation for the Chief Executive Officer. However,
the Board/Compensation Committee will have sole and final authority and discretion in designating to whom awards are made, the size of
the award, if any, and its terms and conditions. The bonus recommendation for each of the named executive officers depends on a number
of factors, including (i) the performance of the Company for the year, (ii) the satisfaction of certain individual and corporate
performance measures, and (iii) other factors which the Board may deem relevant. The Company did not award any cash bonuses during
fiscal year 2024.

 Stock Holdings

 The Board recognizes the
importance of having a portion of the named executive officers' compensation be paid in the form of equity, to help align the executives'
interests with the interests of the Company's shareholders. Initially, we expect the Board to emphasize the cash-based portion of
our compensation program over a stock program because it believes the discretionary nature of the cash-based compensation gives it the
needed flexibility to factor in and reward the attainment of longer-term goals for the Company and the executives, as the Board deems
appropriate.

 We have not timed nor do
we plan to time our release of material non-public information for the purpose of affecting the value of executive compensation.

 Summary Compensation Table

 The following summary compensation
table sets forth the aggregate compensation we paid or accrued during the fiscal years ended December 31, 2024 and 2023 to (i) our Chief
Executive Officer (principal executive officer), (ii) our two most highly compensated executive officers other than the principal executive
officer who were serving as executive officers on December 31, 2024, whose total compensation was in excess of $100,000, and (iii) up
to two additional individuals who would have been within the two-other-most-highly compensated but were not serving as executive officers
on December 31, 2024.

 Name and Principal Position

 Fiscal Year

 Salary

 ($)

 Bonus

 ($)

 Equity

 Awards

 ($)

 All Other

 Compen-

 sation ($)

 Total

 ($)

 Man Fai CHENG (1)

 2024

 (Chief Executive Officer and Director)

 2023

 Eng Wah KUNG (2)

 2024

 (Chief Financial Officer, Secretary and Director)

 2023

 Lap Yan CHEUNG (3)

 2024

 (Chief Operating Officer and Director)

 2023

 _______________

 (1)

 Man Fai CHENG has served as our Chief Executive Officer and Director since May 25, 2023.

 (2)

 Eng Wah KUNG has served as our Chief Financial Officer, Secretary and Director since May 25, 2023.

 (3)

 Lap Yan CHEUNG has served as our Chief Operating Officer and Director since May 25, 2023.

 Narrative disclosure to Summary
Compensation

 Our executive officers are
not parties to employment agreements with the Company. As the Company matures, we expect to enter into compensation arrangements in the
near future.

 Other than set out above
and below, there are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers.
We expect to establish one or more incentive compensation plans in the future. Our directors and executive officers may receive securities
of the Company as incentive compensation at the discretion of our board of directors in the future. We do not have any material bonus
or profit-sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers.

 Equity Awards

 There are no unvested options,
warrants or convertible securities outstanding.

 At no time during the last
fiscal year with respect to any of any of our executive officers was there:

 any outstanding option or other equity-based award repriced or otherwise materially modified (such as by extension of exercise periods, the change of vesting or forfeiture conditions, the change or elimination of applicable performance criteria, or the change of the bases upon which returns are determined;

 any waiver or modification of any specified performance target, goal or condition to payout with respect to any amount included in non-stock incentive plan compensation or payouts;

 any option or equity grant;

 any non-equity incentive plan award made to a named executive officer;

 any nonqualified deferred compensation plans including nonqualified defined contribution plans; or

 any payment for any item to be included under All Other Compensation in the Summary Compensation Table.

 Compensation of Directors

 During our fiscal year ended
December 31, 2024, we did not provide compensation to any of our employee directors for serving as our director. We currently have no
formal plan for compensating our directors for their services in their capacity as directors, although we may elect to issue stock options
to such persons from time to time. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred
in connection with attendance at meetings of our board of directors. Our board of directors may award special remuneration to any director
undertaking any special services on our behalf other than services ordinarily required of a director.

 Compensation Risk Management

 Our Board of directors and
human resources staff conducted an assessment of potential risks that may arise from our compensation programs. Based on this assessment,
we concluded that our policies and practices do not encourage excessive and unnecessary risk taking that would be reasonably likely to
have material adverse effect on the Company. The assessment included our cash incentive programs, which awards non-executives with cash
bonuses for punctuality. Our compensation programs are substantially identical among business units, corporate functions and global locations
(with modifications to comply with local regulations as appropriate). The risk-mitigating factors considered in this assessment included:

 the alignment of pay philosophy, peer group companies and compensation amounts relative to local competitive practices to support our business objectives; and

 effective balance of cash, short- and long-term performance periods, caps on performance-based award schedules and financial metrics with individual factors and Board and management discretion.

 Compensation Committee Interlocks and Insider
Participation

 We have not yet established
a Compensation Committee. Our Board of Directors performs the functions that would be performed by a compensation committee. During the
fiscal year ended December 31, 2024, none of our executive officers has served: (i) on the compensation committee (or other board committee
performing equivalent functions or, in the absence of any such committee, the entire board of directors) of another entity, one of whose
executive officers served on our board of directors; (ii) as a director of another entity, one of whose executive officers served on the
compensation committee (or other board committee performing equivalent functions or, in the absence of any such committee, the entire
board of directors) of the registrant; or (iii) as a member of the compensation committee (or other board committee performing equivalent
functions or, in the absence of any such committee, the entire board of directors) of another entity, one of whose executive officers
served as a director of the company.

 Compensation Committee Report

 Our board of directors has
reviewed and discussed the Compensation Discussion and Analysis in this report with management. Based on its review and discussion with
management, the board of directors recommended that the Compensation Discussion and Analysis be included in this Annual Report on Form
10-K for the year ended December 31, 2024. The material in this report is not deemed filed with the SEC and is not incorporated by reference
in any of our filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made on,
before, or after the date of this Report on Form 10-K and irrespective of any general incorporation language in such filing.

 Submitted by the board of directors:

 Man Fai CHENG

 Eng Wah KUNG

 Lap Yan CHEUNG

 Ho Chi WAN

 ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

 The following table sets
forth certain information concerning the number of shares of our common stock owned beneficially as of December 31, 2024 by: (i) each
person (including any group) known to us to own more than five percent (5%) of any class of our voting securities, (ii) each of our directors
and each of our named executive officers (as defined under Item 402(m)(2) of Regulation S-K), and (iii) officers and directors as a group.
Unless otherwise indicated, the shareholders listed possess sole voting and investment power with respect to the shares shown.

 Name of Beneficial Owner (2)

 Amount and

Nature of

Beneficial

Ownership(1)

 Percent of

Class

 Officers and Directors

 Man Fai CHENG (3)

 20,000,000

 3.55%

 Lap Yan CHEUNG (4)

 55,000,000

 9.76%

 Ho Chi WAN (5)

 290,000,000

 51.47%

 All executive officers and directors as a group (3 persons)

 365,000,000

 64.78%

 Shareholders Holding In Excess of 5%

 nil

 (1)

 Beneficial ownership is determined in accordance with SEC rules and generally includes voting or investment power with respect to securities. For purposes of this table, a person or group of persons is deemed to have "beneficial ownership" of any shares of common stock that such person has the right to acquire within 60 days of December 31, 2024. Applicable percentage ownership is based on 563,466,410 shares of common stock outstanding as of December 31, 2024, and any shares that such person or persons has the right to acquire within 60 days of December 31, 2024, is deemed to be outstanding for such person, but is not deemed to be outstanding for the purpose of computing the percentage ownership of any other person. The inclusion herein of any shares listed as beneficially owned does not constitute an admission of beneficial ownership.

 (2)

 Unless otherwise noted, the business address of each beneficial owner listed is 35/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. Except as otherwise indicated, the persons listed below have sole voting and investment power with respect to all shares of our common stock owned by them, except to the extent that power may be shared with a spouse.

 (3)

 Man Fai CHENG was appointed to serve as our Chief Executive Officer and Director effective May 25, 2023.

 (4)

 Lap Yan CHEUNG was appointed to serve as our Chief Operation Officer and Director effective May 25, 2023.

 (5)

 Ho Chi WAN was appointed to serve as our Non-Executive Chairman and Director effective May 25, 2023.

 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
DIRECTOR INDEPENDENCE.

 Other than as disclosed below,
there are no transactions during our two most recent fiscal years ended December 31, 2024, and December 31, 2023, or any currently proposed
transaction, in which our Company was or to be a participant and the amount exceeds the lesser of $120,000 or one percent of the average
of our Company's total assets at year end for our last two completed years, and in which any of our directors, officers or principal
stockholders, or any other related person as defined in Item 404 of Regulation S-K, had or have any direct or indirect material interest.

 We have not adopted policies
or procedures for approval of related person transactions but review them on a case-by-case basis. We believe that all related party transactions
were on terms at least as favorable as we would have secured in arm's-length transactions with third parties. Except as set forth
above, we have not entered into any material transactions with any director, executive officer, and promoter, beneficial owner of five
percent or more of our common stock, or family members of such persons.

 Director Independence

 Our board of directors currently
consists of Man Fai CHENG, our CEO, Eng Wah KUNG, our CFO, Lap Yan CHEUNG, our COO, and Ho Chi WAN, our Non-Executive Chairman. Our directors
do not qualify as an independent director under the published listing requirements of the NASDAQ Stock Market or the NYSE because they
are executive officers of the Company. As of the date hereof, we have not adopted a standard of independence nor do we have a policy with
respect to independence requirements for our board members or that a majority of our board be comprised of "independent directors."

 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES.

 Our board of directors does
not have an audit committee. The functions customarily delegated to an audit committee are performed by our full board of directors. Our
board of directors approves in advance, all services performed by JS, but have not adopted pre-approval policies or procedures. Our board
of directors has considered whether the provision of non-audit services is compatible with maintaining the principal accountant's
independence, and has approved such services.

 The following table sets
forth fees billed by our auditors during the last two fiscal years for services rendered for the audit of our annual financial statements
and the review of our quarterly financial statements, services by our auditors that are reasonably related to the performance of the audit
or review of our financial statements and that are not reported as audit fees, services rendered in connection with tax compliance, tax
advice and tax planning, and all other fees for services rendered.

 December 31, 2024

 December 31, 2023

 Audit fees

 $
 –

 $
 –

 Audit related fees

 –

 –

 Tax fees

 –

 –

 All other fees

 –

 60,000

 Total

 $
 –

 $
 60,000

 ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.

 The following documents are filed as part of this report:

 (1)

 Financial Statements

 Financial Statements are included in Part II, Item 8 of this report.

 (2)

 Financial Statement Schedules

 No financial statement schedules are included
because such schedules are not applicable, are not required, or because required information is included in the financial statements or
notes thereto.

 (3)

 Exhibits

 Exhibit Number

 Description

 List of Subsidiaries *

 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 of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 *

 32.2

 Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 *

 _______________________

 *

 Filed Herewith.

 ITEM 16. FORM 10-K SUMMARY.

 None.

 SIGNATURES

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

 April 2, 2025

 By:

 /s/
 Man Fai CHENG

 Man Fai CHENG

 Chief Executive Officer