{"url_path":"/sec/suic/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1394108/0001477932-26-003110-index.html","accession_number":"0001477932-26-003110","cik":"0001394108","ticker":"SUIC","issuer_name":"SUIC Worldwide Holdings Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1394108/0001477932-26-003110-index.html","primary_entity_key":"0001394108","primary_entity_name":"SUIC Worldwide Holdings Ltd."},"word_count":4983,"has_tables":true,"body_markdown":"suic_10q.htm\n0001394108false--12-31Q120260.013945000000.011139663811396638falsefalsefalsefalse27900097900266146400013941082026-01-012026-03-310001394108suic:ShoouChynKanMemberus-gaap:ShortTermDebtMember2025-01-012025-03-310001394108suic:ShoouChynKanMembersuic:ConvertiblePromissoryNoteMember2026-01-012026-03-310001394108suic:ShoouChynKanMemberus-gaap:ShortTermDebtMember2026-01-012026-03-310001394108suic:ShoouChynKanMemberus-gaap:ShortTermDebtMember2025-03-310001394108suic:ShoouChynKanMemberus-gaap:ShortTermDebtMember2026-03-310001394108suic:ShoouChynKanMembersuic:ConvertiblePromissoryNoteMember2025-03-310001394108suic:ShoouChynKanMembersuic:ConvertiblePromissoryNoteMember2026-03-310001394108suic:DecemberTwentyEightTwentyTwentyMember2025-12-310001394108suic:AugustTwentyFiveTwentyTwentyMember2025-12-310001394108suic:JuneOneTwentyTwentyMember2025-12-310001394108suic:JanuaryTwentyTwoTwentyTwentyMember2025-12-310001394108suic:DecemberOneTwentyNineteenMember2025-12-310001394108suic:JuneOneTwentyNineteenOneMember2025-12-310001394108suic:JuneOneTwentyNineteenMember2025-12-310001394108suic:JanuaryTwentyNineTwentyNineteenMember2025-12-310001394108suic:DecemberOneTwentyEighteenMember2025-12-310001394108suic:OctoberOneTwentySeventeenMember2025-12-310001394108suic:DecemberTwentyEightTwentyTwentyMember2026-01-012026-03-310001394108suic:DecemberOneTwentyNineteenMember2026-01-012026-03-310001394108suic:JanuaryTwentyTwoTwentyTwentyMember2026-01-012026-03-310001394108suic:JuneOneTwentyTwentyMember2026-01-012026-03-310001394108suic:JuneOneTwentyNineteenOneMember2026-01-012026-03-310001394108suic:JuneOneTwentyNineteenMember2026-01-012026-03-310001394108suic:JanuaryTwentyNineTwentyNineteenMember2026-01-012026-03-310001394108suic:DecemberOneTwentyEighteenMember2026-01-012026-03-310001394108suic:OctoberOneTwentySeventeenMember2026-01-012026-03-310001394108suic:AugustTwentyFiveTwentyTwentyMember2026-01-012026-03-310001394108suic:DecemberTwentyEightTwentyTwentyMember2026-03-310001394108suic:AugustTwentyFiveTwentyTwentyMember2026-03-310001394108suic:JuneOneTwentyTwentyMember2026-03-310001394108suic:JanuaryTwentyTwoTwentyTwentyMember2026-03-310001394108suic:DecemberOneTwentyNineteenMember2026-03-310001394108suic:JuneOneTwentyNineteenOneMember2026-03-310001394108suic:JuneOneTwentyNineteenMember2026-03-310001394108suic:JanuaryTwentyNineTwentyNineteenMember2026-03-310001394108suic:DecemberOneTwentyEighteenMember2026-03-310001394108suic:OctoberOneTwentySeventeenMember2026-03-310001394108us-gaap:RetainedEarningsMember2026-03-310001394108us-gaap:AdditionalPaidInCapitalMember2026-03-310001394108us-gaap:CommonStockMember2026-03-310001394108us-gaap:RetainedEarningsMember2026-01-012026-03-310001394108us-gaap:RetainedEarningsMember2025-12-310001394108us-gaap:AdditionalPaidInCapitalMember2025-12-310001394108us-gaap:CommonStockMember2025-12-3100013941082025-03-310001394108us-gaap:RetainedEarningsMember2025-03-310001394108us-gaap:AdditionalPaidInCapitalMember2025-03-310001394108us-gaap:CommonStockMember2025-03-310001394108us-gaap:RetainedEarningsMember2025-01-012025-03-3100013941082024-12-310001394108us-gaap:RetainedEarningsMember2024-12-310001394108us-gaap:AdditionalPaidInCapitalMember2024-12-310001394108us-gaap:CommonStockMember2024-12-3100013941082025-01-012025-03-3100013941082025-12-3100013941082026-03-3100013941082026-05-14iso4217:USDxbrli:sharesiso4217:USDxbrli:sharesxbrli:pure\n\n \n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n**☒**\n\n**QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nFor the quarterly period ended **March 31, 2026**\n\n \n\nOR\n\n \n\n**☐**\n\n**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES AND EXCHANGE ACT OF 1934**\n\n \n\nFor transition period __________ to __________\n\n \n\nCommission file number: **000-53737**\n\n \n\n**SUIC Worldwide Holdings Ltd.**\n\n(Name of registrant in its charter)\n\n \n\n**Nevada**\n\n \n\n**47-2148252**\n\n(State or jurisdiction of\n\nincorporation or organization) \n\n \n\n(IRS Employer\n\nIdentification No.) \n\n \n\n**136-20 38th Ave. Unit 3G,**\n\n**Flushing, NY 11354**\n\n(Address of principal executive offices)\n\n \n\n**(929) 391-2550**\n\n(Registrant's telephone number)\n\n \n\nSECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF\n\nTHE EXCHANGE ACT:\n\n**None.**\n\n \n\nSECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF\n\nTHE EXCHANGE ACT:\n\n**None.**\n\n \n\nCheck whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (or for such shorter periods that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒    No ☐\n\n \n\nIndicate by check mark whether 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 ☐\n\n \n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☐\n\nNon-accelerated filer\n\n☐\n\nSmaller reporting company\n\n☒\n\n \n\n \n\nEmerging growth company\n\n☐\n\n \n\nIf 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. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐    No ☒\n\n \n\nAs of May 14, 2026, 11,396,638 shares of the Company’s common stock, $0.001 par value, were issued and outstanding.  \n\n \n\n \n\n \n\n \n\n**SUIC WORLDWIDE HOLDINGS LTD.**\n\n**FORM 10-Q**\n\n**March 31, 2026**\n\n**INDEX**\n\n \n\n**PART I -- FINANCIAL INFORMATION**\n\n \n\n[Item 1.](#TOCFS)\n\n[Financial Statements (Unaudited)](#TOCFS)\n\n \n\n \n\n[Item 2.](#a1)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#a1)\n\n \n\n4\n\n \n\n[Item 3.](#a2)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#a2)\n\n \n\n7\n\n \n\n[Item 4.](#a3)\n\n[Control and Procedures](#a3)\n\n \n\n7\n\n \n\n \n\n**PART II -- OTHER INFORMATION**\n\n \n\n[Item 1.](#a5)\n\n[Legal Proceedings](#a5)\n\n \n\n8\n\n \n\n[Item 2.](#a6)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#a6)\n\n \n\n8\n\n \n\n[Item 3.](#a7)\n\n[Defaults Upon Senior Securities](#a7)\n\n \n\n8\n\n \n\n[Item 4.](#a8)\n\n[Mine Safety Disclosures.](#a8)\n\n \n\n8\n\n \n\n[Item 5.](#a9)\n\n[Other Information.](#a9)\n\n \n\n8\n\n \n\n[Item 6.](#a10)\n\n[Exhibits](#a10)\n\n \n\n9\n\n \n\n**SIGNATURES**\n\n \n\n10\n\n \n\n \n\n2\n\n*Table of Contents*\n\n \n\n**SUIC WORLDWIDE HOLDINGS LTD.**\n\n**Index to the financial statements**\n\n \n\n**Table of Contents**\n\n \n\n**Page(s)**\n\n \n\n[Balance Sheets at March 31, 2026 (Unaudited) and December 31, 2025](#f1)\n\n \n\nF-1\n\n \n\n[Statements of Operations for the Three Months Ended March 31, 2026 and 2025](#f2)\n\n \n\nF-2\n\n \n\n[Statement of Stockholders’ Deficiency for the Three Months Ended March 31, 2026 and 2025](#f3)\n\n \n\nF-3\n\n \n\n[Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025](#f4)\n\n \n\nF-4\n\n \n\n[Notes to the Financial Statements (Unaudited)](#f5)\n\n \n\nF-5 - F-12\n\n \n\n \n\n \n\n3\n\n*Table of Contents*\n\n \n\n**SUIC Worldwide Holdings Ltd.**\n\n**Balance Sheets**\n\n**(Unaudited)**\n\n \n\n \n\n \n\n**March**** 31,**\n\n**2026**\n\n \n\n \n\n**December 31,**\n\n**2025**\n\n \n\n**ASSETS**\n\n \n\n \n\n \n\n \n\n \n\n \n\nCURRENT ASSETS:\n\n \n\n \n\n \n\n \n\n \n\n \n\nCash\n\n \n$12,195\n \n\n \n$8,560\n \n\nTotal Current Assets\n\n \n\n \n12,195\n \n\n \n\n \n8,560\n \n\nNONCURRENT ASSETS:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nOther interest receivables\n\n \n\n \n—\n \n\n \n\n \n—\n \n\nOther loans receivables\n\n \n\n \n1,231\n \n\n \n\n \n1,231\n \n\nTotal Non-Current Assets\n\n \n$1,231\n \n\n \n$1,231\n \n\n**Total Assets**\n\n \n**$****13,426**\n \n\n \n**$****9,791**\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**LIABILITIES AND STOCKHOLDERS' DEFICIENCY**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nCURRENT LIABILITIES:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nAccounts payable\n\n \n$1,190\n \n\n \n\n \n—\n \n\nCredit card payable\n\n \n\n \n31,463\n \n\n \n$30,531\n \n\nLoans payables- others\n\n \n\n \n259,445\n \n\n \n\n \n259,445\n \n\nShort term debts\n\n \n\n \n125,259\n \n\n \n\n \n114,355\n \n\nAccrued salary payable\n\n \n\n \n1,000\n \n\n \n\n \n—\n \n\nAccrued interest payable\n\n \n\n \n133,068\n \n\n \n\n \n128,424\n \n\nOther payables - related party\n\n \n\n \n76,000\n \n\n \n\n \n76,000\n \n\nTotal Current Liabilities\n\n \n$627,425\n \n\n \n$608,755\n \n\nNON-CURRENT LIABILITIES:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nConvertible promissory notes- other\n\n \n$279,000\n \n\n \n$279,000\n \n\nTotal Non-Current Liabilities\n\n \n$279,000\n \n\n \n$279,000\n \n\nTotal Liabilities\n\n \n$906,425\n \n\n \n$887,755\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nStockholders’ Deficiency\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nCommon stock, $0.001 par value, 394,500,000 shares authorized; 11,396,638 shares and 11,396,638 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively\n\n \n\n \n11,397\n \n\n \n\n \n41,544\n \n\nAdditional paid-in capital\n\n \n\n \n1,757,068\n \n\n \n\n \n1,726,921\n \n\nAccumulated deficit\n\n \n\n \n(2,661,464 )\n \n\n \n(2,646,429 )\n\nTotal Stockholders' Deficiency\n\n \n$(892,999 )\n \n$(877,964 )\n\n**Total Liabilities and Stockholders' Deficiency**\n\n \n**$****13,426**\n \n\n \n**$****9,791**\n \n\n \n\nThe accompanying notes are an integral part of these unaudited financial statements.\n\n \n\n \n\nF-1\n\n*Table of Contents*\n\n \n\n**SUIC WORLDWIDE HOLDINGS LTD.**\n\n**Statements of Operations**\n\n**(Unaudited)**\n\n \n\n \n\n \n\n**Three Months Ended**\n\n**March 31,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\n**REVENUE**\n\n \n\n \n\n \n\n \n\n \n\n \n\nConsulting revenue\n\n \n$20,000\n \n\n \n$—\n \n\nCost of revenue\n\n \n\n \n(10,000)\n \n\n \n—\n \n\nGross Profit\n\n \n\n \n10,000\n \n\n \n\n \n—\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**OPERATING EXPENSES**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nGeneral and administrative expenses\n\n \n\n \n18,658\n \n\n \n\n \n12,038\n \n\n**Total operating expenses**\n\n \n\n \n18,658\n \n\n \n\n \n12,038\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**OPERATING INCOME (LOSS)**\n\n \n\n \n(8,658 )\n \n\n \n(12,038 )\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**OTHER INCOME (EXPENSE):**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nBank charges refund\n\n \n\n \n—\n \n\n \n\n \n3,008\n \n\nInterest expense – other\n\n \n\n \n(1,733 )\n \n\n \n(680 )\n\nInterest expense - related party\n\n \n\n \n(4,644 )\n \n\n \n(4,569 )\n\nBad debts expense\n\n \n\n \n—\n \n\n \n\n \n(15,702 )\n\n**Total other income/(expense)**\n\n \n\n \n(6,377 )\n \n\n \n(17,943 )\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**INCOME/(LOSS) BEFORE TAXES**\n\n \n\n \n(15,035 )\n \n\n \n(29,981)\n\nProvision of federal income tax\n\n \n\n \n—\n \n\n \n\n \n—\n \n\n**NET INCOME/(LOSS)**\n\n \n$(15,035 )\n \n$(29,981 )\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nBasic net income/(loss) per common share:\n\n \n$0.00\n \n\n \n$0.00\n \n\nDiluted net income/(loss) per common share\n\n \n$0.00\n \n\n \n$0.00\n \n\nAverage common shares outstanding – Basic and Diluted\n\n \n\n \n11,380,354\n \n\n \n\n \n11,380,354\n \n\n \n\nThe accompanying notes are an integral part of these unaudited financial statements.\n\n \n\n \n\nF-2\n\n*Table of Contents*\n\n \n\n**SUIC WORLDWIDE HOLDINGS LTD.**\n\n**Statements of Stockholders' Deficiency**\n\n**(Unaudited)**\n\n \n\n \n\n \n\n**Common Stock**\n\n \n\n \n\n**Additional**\n\n \n\n \n\n**Accumulated**\n\n \n\n \n\n \n\n \n\n \n\n \n\n**Number of**\n\n**Shares**\n\n \n\n \n\n**Amount**\n\n \n\n \n\n**Paid-in**\n\n**Capital**\n\n \n\n \n\n**Earnings**\n\n**(Deficit)**\n\n \n\n \n\n**Total**\n\n \n\n**Balance, December 31, 2025**\n\n \n\n \n11,396,638\n \n\n \n$11,397\n \n\n \n$1,757,068\n \n\n \n$(2,646,428)\n \n$(877,964)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nNet loss\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n(15,035)\n \n\n \n(15,035)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Balance, March 31, 2026**\n\n \n\n \n11,396,638\n \n\n \n$11,397\n \n\n \n$1,757,068\n \n\n \n$(2,661,464)\n \n$(892,999)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Balance, December 31, 2024**\n\n \n\n \n11,396,638\n \n\n \n$41,544\n \n\n \n$1,711,691\n \n\n \n$(2,526,784)\n \n$(773,550)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nNet loss\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n(29,981)\n \n\n \n(29,981)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Balance, March 31, 2025**\n\n \n\n \n11,396,638\n \n\n \n$41,544\n \n\n \n$1,711,691\n \n\n \n$(2,556,766)\n \n$(803,531)\n\n \n\nThe accompanying notes are an integral part of these unaudited financial statements.\n\n \n\n \n\nF-3\n\n*Table of Contents*\n\n \n\n**SUIC WORLDWIDE HOLDINGS LTD.**\n\n**Statements of Cash Flows**\n\n**(Unaudited)**\n\n \n\n \n\n \n\n**Three Months Ended**\n\n**March 31,**\n\n \n\n \n\n \n\n**2026**\n\n \n\n \n\n**2025**\n\n \n\n**CASH FLOW FROM OPERATING ACTIVITIES**\n\n \n\n \n\n \n\n \n\n \n\n \n\nNet income (loss)\n\n \n$(15,035 )\n \n$(29,981 )\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Adjustments to reconcile net income/(loss) to operating cash flows:**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**Changes in operating asset and liability account balances:**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nOther loan receivables\n\n \n\n \n—\n \n\n \n\n \n(1,231 )\n\nOther interest receivable\n\n \n\n \n—\n \n\n \n\n \n15,702\n \n\nCredit card payable\n\n \n\n \n931\n \n\n \n\n \n681\n \n\nAccounts payable\n\n \n\n \n1,190\n \n\n \n\n \n(8,769 )\n\nAccrued expenses and other current liabilities\n\n \n\n \n5,644\n \n\n \n\n \n4,569\n \n\n**NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES**\n\n \n$(7,270 )\n \n$(19,030 )\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**CASH FLOW FROM INVESTING ACTIVITIES**\n\n \n\n \n—\n \n\n \n\n \n—\n \n\n**NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES**\n\n \n$—\n \n\n \n$—\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**CASH FLOW FROM FINANCING ACTIVITIES:**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nProceeds from loan payables- others\n\n \n\n \n—\n \n\n \n\n \n5,000\n \n\nRepayment of other payables- related party\n\n \n\n \n—\n \n\n \n\n \n(10,000 )\n\nProceeds from short term debts\n\n \n\n \n10,905\n \n\n \n\n \n—\n \n\n**NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES**\n\n \n$10,905\n \n\n \n$(5,000 )\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**NET INCREASE (DECREASE) IN CASH**\n\n \n\n \n3,635\n \n\n \n\n \n(24,030 )\n\n**CASH – BEGINNING OF PERIOD**\n\n \n\n \n8,560\n \n\n \n\n \n38,495\n \n\n**CASH – END OF PERIOD**\n\n \n$12,195\n \n\n \n$14,466\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nSupplement disclosure information\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nCash paid for interest\n\n \n$1,733\n \n\n \n$680\n \n\nCash paid for income taxes\n\n \n$—\n \n\n \n$—\n \n\n \n\nThe accompanying notes are an integral part of these unaudited financial statements.\n\n \n\n \n\nF-4\n\n*Table of Contents*\n\n \n\n**SUIC WORLDWIDE HOLDINGS LTD.**\n\n**Notes to the Financial Statements**\n\n**March 31, 2026**\n\n**(Unaudited) **\n\n \n\n**NOTE 1 – Organization and Basis of presentation**\n\n \n\nSUIC Worldwide Holdings Ltd (SUIC) is a Nevada corporation incorporated on August 30, 2006, under the name Gateway Certifications, Inc. On November 16, 2009, our corporate name was changed to American Jianye Greentech Holdings, Ltd., on February 13, 2014, our corporate name was changed to AJ Greentech Holdings, Ltd. and on July 17, 2017, our corporate name was changed to Sino United Worldwide Consolidated Ltd. On November 9, 2022, our corporate name was changed to SUIC Worldwide Holdings Ltd.\n\n \n\nFrom November 2009 until October, 2013, through our China and Taiwan subsidiaries, we were engaged in renewable energy business. From October 2013 until September, 2017, through our Taiwan subsidiary, we were engaged in the driving record management system (DMS). Both Subsidiaries was spun off through stock transfer and debt cancellation for the best interest of shareholders.\n\n \n\nFrom 2018 to present, the Company focused in products and services that adopt IT, cloud computing, mobile payments, Big Data, Blockchain and AI, and other new and exciting business models that will create revolutionary products and services. From 2020 to present, the Company through promissory notes becomes major creditor and stakeholder in Beneway Holdings Group (its corporate name was changed from Sinoway International Corp.). The company works with Beneway Holdings Group in several new business ventures with focus on the following fields:\n\n \n\n \n\n·\n\nFintech - Through Boom Fintech, the major subsidiary of Beneway USA, the company holds nine revolutionary fintech patents. Boom Fintech integrates payment systems, electronic invoice devices, mobile cash registers, POS system devices and ERP, as well as Big Data, AI and other services, to all-in-one products that provide standardized intellectual property that’s modular to all industries, from chain department stores to night market vendors. Beneway Holdings Group connects borrowers and lenders, building strategic partnerships by bridging the various stakeholders to provide a holistic financial delivery ecosystem and to integrate advanced systems and finance its global merchants and franchisees.\n\n \n\n·\n\nFood Industry Supply Chain Integration – SUIC and Beneway will partner with international trade financiers to support the huge demand for raw material import/export between the U.S. and Asia. SUIC and Beneway are looking to raise funds from an IPO and the capital markets to support mergers and acquisitions of U.S. mid- and upper-stream food industry suppliers.\n\n \n\n·\n\nGlobal Chain & Franchise Expansion –Through I.Hart catering group, SUIC and Beneway are working to bring reputable and distinguished overseas food product brands to the U.S. and around the world. It is working on integrating more successful chains to enter the U.S. chain and franchise market in all 50 states. It is replicating its successful multi-branding business model and teaming up with top U.S. real estate firms, shopping malls and associated groups for faster expansion.\n\n \n\n·\n\nOther Supply Chain Integration - Beneway has identified several additional industries for future expansion, including medical and health care, high-tech digital AI systems, environmental protection and energy-related production.\n\n \n\nThe Company operates in one operating segment, which is also its single reportable segment, as it has only one business activity that is reviewed by the Chief Operating Decision Maker (which is the CEO) for purposes of allocating resources and assessing performance. As such, all financial information constitutes the reportable segment. In accordance with ASC 280, as amended by ASU 2023-07, the Company provides all required disclosures within this segment note, including significant segment expenses.\n\n \n\n \n\nF-5\n\n*Table of Contents*\n\n \n\n**NOTE 2 – Summary of Significant Accounting Policies**\n\n \n\n**Unaudited Interim Financial Information**\n\n \n\nThe accompanying unaudited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s latest Annual Report on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of operations for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year, as reported in the Form 10-K for the fiscal year ended December 31, 2025.\n\n \n\nWhen used in these notes, the terms “SUIC,” “Company,” “we,” “us” and “our” mean SUIC WORLDWIDE HOLDINGS LTD. In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included.\n\n \n\n**Use of Estimates**\n\n \n\nThe preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions take into account historical and forward-looking factors that the Company believes are reasonable. Actual results could differ from those estimates and assumptions.\n\n \n\n**Cash and cash equivalents**\n\n \n\nCash and cash equivalents include cash on hand and deposits placed with banks or other financial institutions, which are unrestricted as to withdrawal and use and with an original maturity of three months or less. The Company maintains its cash in bank deposit accounts. Cash accounts are guaranteed by the Federal Deposit Insurance Corporation up to $250,000. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on such cash.\n\n \n\n \n\nF-6\n\n*Table of Contents*\n\n \n\n \n\n**Accounts Receivable and Allowance for Doubtful Accounts**\n\n \n\nAccounts receivable are recorded at the invoiced amount, net of an allowance for doubtful accounts. The Company follows paragraph 310-10-50-9 of the FASB Accounting Standards Codification to estimate the allowance for doubtful accounts. The Company performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current credit worthiness, as determined by the review of their current credit information; and determines the allowance for doubtful accounts based on historical write-off experience, customer specific facts and economic conditions.\n\n \n\nOutstanding account balances are reviewed individually for collectability. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. Bad debt expense is included in general and administrative expenses, if any. Pursuant to paragraph 310-10-50-2 of the FASB Accounting Standards Codification account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company has adopted paragraph 310-10-50-6 of the FASB Accounting Standards Codification and determine when receivables are past due or delinquent based on how recently payments have been received.There were no accounts receivable and allowance for doubtful accounts for the three months ended March 31, 2026 and for the year ended December 31, 2025.\n\n \n\n**Revenue Recognition**\n\n \n\nThe Company’s revenue recognition policies are in compliance with ASC 606. Revenue is recognized when the promised goods or services are transferred to the customer. The amount of revenue recognized should equal the total consideration an entity expects to receive in return for the goods or services.\n\n \n\nOur revenues are primarily generated by providing professional services and software products, consulting and other professional services to our clients and are billable to our clients based on the services provided, or achieved outcomes. Revenues are primarily driven by the total value, scope, and terms of the consulting contracts. We also engage independent contractors to supplement our revenue-generating professionals on client engagements as needed.\n\n \n\nWe adopt a fixed fee billing arrangement and agree to a pre-established fee in exchange for a predetermined set of professional services. We set the fees based on our estimates of the costs and timing for completing the engagements.\n\n \n\nOur quarterly results are impacted principally by the total value, scope, and terms of our client contracts. Our utilization rate can be affected by seasonal variations in the demand for our services from our clients. There are $20,000 revenues as of March 31, 2026 and $0 revenue as of March 31, 2025.\n\n \n\nOur operating expenses include professional fees, technology costs, software and data hosting expenses, and other office related expenses.\n\n \n\n**Property and Equipment**\n\n \n\nProperty and equipment are stated at cost, less accumulated depreciation and amortization. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the assets. Leasehold and tenant improvements are amortized over the shorter of the lease term or the estimated useful lives of the assets. The Company periodically reviews assets’ estimated useful lives based upon actual experience and expected future utilization. A change in useful life is treated as a change in accounting estimate and is applied prospectively.\n\n \n\nUpon retirement or disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in selling, general and administrative expenses for that period. Major additions and betterments are capitalized to the asset accounts while maintenance and repairs, which do not improve or extend the lives of assets, are expensed as incurred. There was no property and equipment for the three months ended March 31, 2026 and for the year ended December 31, 2025.\n\n \n\n \n\nF-7\n\n*Table of Contents*\n\n \n\n \n\n**Fair value measurements**\n\n \n\nThe Company applies the provisions of ASC Subtopic 820-10, “Fair Value Measurements and Disclosures”, for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements. ASC 820 also establishes a framework for measuring fair value and expands disclosures about fair value measurements.\n\n \n\nFair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.\n\n \n\nASC 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes three levels of inputs that may be used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described as follows:\n\n \n\n \n\n·\n\nLevel 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.\n\n \n\n·\n\nLevel 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.\n\n \n\n·\n\nLevel 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.\n\n \n\n**Income Taxes**\n\n \n\nThe Company accounts for income taxes in accordance with ASC 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when, in the opinion of management, it is more likely than not that some or all of any deferred tax assets will not be realized. \n\n \n\nThe Company accounts for an unrecognized tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the tax authorities.\n\n \n\n \n\nF-8\n\n*Table of Contents*\n\n \n\n \n\n**Concentration of Credit Risk**\n\n \n\nFinancial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents, investment, account receivables, as well as dividend receivable. The carrying values of the financial instruments approximate their fair values due to their short-term maturities. The Company places its cash and cash equivalents with financial institutions with high-credit ratings and quality. As of March 31, 2026, there were no amounts in excess of the FDIC guarantee.\n\n \n\nAccount receivables primarily comprise of amounts receivable from the trader customers. With respect to the prepayment to service suppliers, the Company performs on-going credit evaluations of the financial condition of these suppliers. The Company establishes an allowance for doubtful accounts based upon estimates, factors surrounding the credit risk of specific service providers and other information.\n\n \n\n**Earnings per Share**\n\n \n\nThe Company calculates its basic and diluted earnings per share in accordance with ASC 260. Basic earnings per share are calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share are calculated by adjusting the weighted average outstanding shares to assume conversion. For the three months ended March 31, 2026 and 2025, the difference between numbers of basic and diluted shares of common stock is due to effect of convertible promissory note.\n\n \n\nThe Company’s basic and diluted net loss per share are the same for the periods presented as the inclusion of potential common shares would be anti-dilutive due to the net loss incurred. The following potentially dilutive shares were excluded from the computation of diluted net loss per share because their effect was anti-dilutive:\n\n \n\nOptions to purchase common stock: 279,000,000 shares.\n\nTotal potentially dilutive shares excluded: 279,000,000 shares.\n\n \n\n**Accounting pronouncements issued but not yet adopted **\n\n \n\nIn November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40). This update requires to disclose the composition of certain expense line items in the notes to financial statements, including inventory, employee compensation, and depreciation.   The Company is currently evaluating the provisions of this ASU and assessing the potential impact on its financial statements and related disclosures.\n\n \n\n**NOTE 3 – Going Concern**\n\n \n\nThe accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company had a working capital deficit of $615,230 an accumulated deficit of $2,661,464 and stockholders’ deficiency was $892,999 as of March 31, 2026. The Company didn’t generate cash or income from its continuing operation. There is substantial doubt about the ability of the entity to continue as a going concern within one year after the date that the financial statements are issued. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.\n\n \n\nThe Company is seeking for external resource of financing and develop new business in new fields to generate adequate cash flow for purpose of mitigating such unfavorable situation. As we have disclosed on the Company’s OTC profile, the Company plans to have joint ventures with other companies and cooperation with other companies in order to attract new investment and expand new business practice.\n\n \n\n**NOTE 4 – Loan Receivable**\n\n \n\nThere is a loan receivable of $1,231 as of March 31, 2026.\n\n \n\n \n\nF-9\n\n*Table of Contents*\n\n \n\n**NOTE 5 – Related Party Transactions  **\n\n \n\nShoou -Chyn Kan is a significant creditor of the Company that could influence the decisions of the Company. Shoou-Chyn Kan maintains business relationships with a number of Company’s shareholders.\n\n \n\nAs of March 31, 2026, the outstanding balance of the convertible promissory note (principal) from the creditor- Shoou -Chyn Kan is $279,000 with unpaid total balance of $127,161 in accrued interest. As of March 31, 2026, the Company recognized interest expense related to those convertible promissory notes of $4,327. \n\n \n\nThe Company has signed the following convertible promissory note agreements with creditor, Shoou Chyn Kan, with an outstanding total of $279,000 as of March 31, 2026. The notes have parity in conversion into common share for $0.001 per share with interest rate 5% per annum. The composition of the outstanding balances is stated in the following table:\n\n \n\n**Date**\n\n \n\n**Description**\n\n \n\n**March 31,**\n\n**2026**\n\n \n\n \n\n**December 31,**\n\n**2025**\n\n \n\nOctober 1, 2017\n\n \n\nLoan granted convertible to 65 million shares of common stock of the Company.\n\n \n$65,000\n \n\n \n$65,000\n \n\nDecember 1, 2018\n\n \n\nLoan granted convertible to 20 million shares of common stock of the Company.\n\n \n$20,000\n \n\n \n$20,000\n \n\nJanuary 29, 2019\n\n \n\nLoan granted convertible to 15 million shares of common stock of the Company.\n\n \n$15,000\n \n\n \n$15,000\n \n\nJune 1, 2019\n\n \n\nLoan granted convertible to 50 million shares of common stock of the Company.\n\n \n$50,000\n \n\n \n$50,000\n \n\nJuly 1, 2019\n\n \n\nLoan granted convertible to 20 million shares of common stock of the Company\n\n \n$12,000\n \n\n \n$12,000\n \n\nDecember 1, 2019\n\n \n\nLoan granted convertible to 20 million shares of common stock of the Company.\n\n \n$20,000\n \n\n \n$20,000\n \n\nJanuary 22, 2020\n\n \n\nLoan granted convertible to 35 million shares of common stock of the Company.\n\n \n$35,000\n \n\n \n$35,000\n \n\nJune 1, 2020\n\n \n\nLoan granted convertible to 12 million shares of common stock of the Company.\n\n \n$12,000\n \n\n \n$12,000\n \n\nAugust 25, 2020\n\n \n\nLoan granted convertible to 25 million shares of common stock of the Company.\n\n \n$25,000\n \n\n \n$25,000\n \n\nDecember 28, 2020\n\n \n\nLoan granted convertible to 25 million shares of common stock of the Company.\n\n \n$25,000\n \n\n \n$25,000\n \n\nTotal:\n\n \n\n \n\n \n$279,000\n \n\n \n$287,000\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nBalances. \n\n \n\n \n\n \n$279,000\n \n\n \n$279,000\n \n\n \n\nAs of March 31, 2026, the outstanding balance of the short-term loan (principal) from the creditor- Shoou -Chyn Kan is $125,259, with unpaid total balance of $5,907 in accrued interest. As of March 31, 2026, the Company recognized interest expense related to those short-term loans of $317.\n\n \n\nThe Company signed the following unsecured short term debt agreements with creditor, Shoou Chyn Kan with interest rate at 1% per annum for a total of $172,734 in the year 2020 to 2021. The composition of the outstanding balances is stated in the following table:\n\n \n\n**Date**\n\n \n\n**March 31,**\n\n**2026**\n\n \n\n**Balance, December 31, 2025**\n\n \n**$****114,355**\n \n\n01/16/2026\n\n \n**$****15,725**\n \n\n3/23/2026\n\n \n**$****10,000**\n \n\nPayments:\n\n \n**$****(14,820****)**\n\n**Balance, March 31, 2026**\n\n \n**$****125,259**\n \n\n \n\nAs of March 31, 2026, the outstanding balance of the loan payables to Unise Investment Corp is $76,000 bearing no interest.\n\n \n\n \n\nF-10\n\n*Table of Contents*\n\n \n\n**NOTE 6 – Shareholders’ Equity**\n\n \n\nAs of March 31, 2026, there were 11,396,638 shares outstanding.\n\n \n\nAll SUIC shares of stocks issued are restricted not readily tradable without specific registration or exemptions.  These stocks are generally subject to US Securities and Exchange Commission (SEC) regulations governing unregistered securities, which typically prevent them from being sold in the public market immediately.\n\n \n\nBased on SEC and general regulations for OTC-traded companies, here are the key restrictions for SUIC restricted shares:\n\n \n\n·\n\n**Holding Period (Rule 144):** Restricted securities acquired directly from the company or an affiliate in a private transaction cannot be sold immediately. The holder must generally hold the shares for at least **six months to one year**, depending on whether the company is current with its SEC filings.\n\n·\n\n**Legend Removal:** Restricted shares carry a restrictive legend on the certificate, which serves as a warning that they cannot be sold without registration or an exemption. To sell, the holder must work with the company's transfer agent to remove this legend.\n\n·\n\n**Resale Requirements:** Even after the holding period, sales must typically be made in compliance with **SEC Rule 144**, which may include volume limitations, manner of sale requirements, and filing notice with the SEC, especially if the holder is an affiliate.\n\n·\n\n**Information Requirements:** Because SUIC is traded on the OTC market, the ability to sell under Rule 144 depends heavily on the company satisfying \"current public information\" requirements, meaning it must have filed its reports with the SEC.\n\n·\n\n**Vesting Requirements (if granted to employees):** Restricted shares or RSUs (Restricted Stock Units) granted to employees or affiliates are usually subject to vesting conditions, such as continued employment or performance milestones, before they can be transferred or sold\n\n \n\n**NOTE 7 – Income Taxes**\n\n \n\nThe following is the provision (benefit) for income taxes for the three months ended March 31, 2026, in accordance with ASU 2023-09:\n\n \n\n \n\n \n\n**March 31,**\n\n**2026**\n\n \n\nDescription\n\n \n\nAmount ($)\n\n \n\nStatutory Federal Tax\n\n \n$0\n \n\nState and local income tax\n\n \n$0\n \n\nChange in valuation\n\n \n$0\n \n\nTotal provision (benefit)\n\n \n$0\n \n\n \n\nAs of March 31, 2026, the unused net operating loss (NOL) carryover was $2,661,464. Under the 2017 Tax Cuts and Jobs Act (TCJA), net operating loss (NOL) carryforwards for tax years beginning after December 31, 2017, are generally limited to offsetting 80% of taxable income in any given future tax year. While the 80% limitation applies, the Act allows these losses to be carried forward indefinitely. The Company has a valuation allowance against the full amount of its net deferred tax assets due to the uncertainty of the realization of the deferred tax assets\n\n \n\n \n\nF-11\n\n*Table of Contents*\n\n \n\nThe following table summarizes the reconciliation between the U.S. Federal statutory income tax rate and the Company’s effective tax rate for the three months ended March 31, 2026, in accordance with ASU 2023-09:\n\n \n\n \n\n \n\nThree Months Ended March 31,\n\n \n\n \n\n \n\n2026\n\n \n\n \n\n2025\n\n \n\nPre-tax (loss)\n\n \n$(15,035)\n \n$(29,981)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nU.S. federal corporate income tax rate\n\n \n\n \n21%\n \n\n \n21%\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nExpected U.S. income tax expense(credit)\n\n \n$(3,157)\n \n$(6,296)\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nChange of valuation allowance\n\n \n\n \n3,157\n \n\n \n\n \n6,296\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nEffective tax expense\n\n \n$—\n \n\n \n$—\n \n\n \n\n**NOTE 8 – Concentration of Risks**\n\n \n\n**Concentration of Credit Risk**\n\n \n\nFinancial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents, account receivables. The carrying values of the financial instruments approximate their fair values due to their short-term maturities. The Company places its cash and cash equivalents with financial institutions with high-credit ratings and quality. As of March 31, 2026, there were no amounts in excess of the FDIC guarantee.\n\n \n\nAccount receivables primarily comprise of amounts receivable from the trader customers. With respect to the prepayment to service suppliers, the Company performs on-going credit evaluations of the financial condition of these suppliers. The Company establishes an allowance for doubtful accounts based upon estimates, factors surrounding the credit risk of specific service providers and other information.\n\n \n\n**Concentration of Customers**\n\n \n\nFor the three months ended March 31, 2026 the Company had one customer, Mr. Lei Yu-Jen c/o Yu Xun Catering Co. Ltd. located in Taiwan, which makes up 100% of revenues.\n\n \n\nFor the three months ended March 31, 2025, the Company had no customers.\n\n \n\n**Concentration of Vendors**\n\n \n\nAs of March 31, 2026, services were provided by a few vendors for the three months ended March 31, 2026.\n\n \n\n**NOTE 9 – Contingency and Commitment**\n\n \n\nThere was no contingency and commitment for the three months ended March 31, 2026. \n\n \n\n**NOTE 10 – Subsequent Events**\n\n \n\nThe Company has evaluated subsequent events through the filing of this Form 10-Q with the SEC, and determined that there have been no events that have occurred that would require adjustments to our disclosures in the financial statements.\n\n  \n\n \n\nF-12\n\n*Table of Contents*"}