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SUIC Worldwide Holdings Ltd.

CIK: 13941082 Annual ReportsLatest: 2025-07-01

10-K / July 1, 2025

Revenue:N/A
Income:-$234,211

10-K / April 15, 2024

Revenue:$150,000
Income:$7,825

10-K / July 1, 2025

Company Summary: SUIC Worldwide Holdings Ltd.

Overview

SUIC Worldwide Holdings Ltd. (SUIC) is a Nevada-incorporated company that has undergone multiple name changes since its inception in 2006. Its history includes involvement in renewable energy, driving record management systems, and currently focuses on cutting-edge technology and business sectors.

Current Business Focus

Since 2018, SUIC has shifted its focus toward advanced IT and digital solutions, specifically:

  • Fintech: Through its major subsidiary, Beneway Holdings Group Ltd., SUIC holds nine fintech patents. The group develops all-in-one integrated products such as payment systems, electronic invoicing devices, mobile cash registers, POS terminals, and ERP systems. These products are modular and designed for a wide range of industries—from chain department stores to night market vendors. Beneway connects borrowers and lenders, building a financial delivery ecosystem supporting global merchants and franchisees, leveraging Big Data, AI, and blockchain technologies.

  • Food Industry Supply Chain Integration: Partnering with international trade financiers to facilitate raw material import/export between the U.S. and Asia, aiming to support mergers and acquisitions of U.S. food industry suppliers via potential IPOs.

  • Global Franchise and Chain Expansion: Through I.Hart catering group, SUIC and Beneway are working on bringing reputable overseas food brands into the U.S. and globally, replicating multi-brand business models, and partnering with U.S. real estate and mall developers to expand franchise presence nationwide.

  • Other Supply Chain Industries: Targeting additional sectors such as medical and healthcare, high-tech digital AI systems, environmental protection, and energy-related manufacturing.

Operational Details

  • Number of Employees: 6 total—2 directors and 3 employees in Taiwan, 1 director in Malaysia.
  • Revenue: $0 (no revenue recognized) for both 2023 and 2024.
  • Net Income/Loss: The company experienced net losses of approximately $234,211 in 2024 and $552,753 in 2023.
  • Assets and Liabilities (as of Dec 31, 2024):
    • Assets: $84,197 total, primarily $38,495 in cash, with additional fixed assets, receivables, and investments.
    • Liabilities: $857,747 total, including $279,000 in convertible promissory notes and short-term debts.
  • Stock Data: As of June 23, 2025, there are 11,396,638 shares outstanding with a stock price approximately $0.251 per share, valuing non-affiliate holdings at roughly $836,279.

Business Model & Objectives

SUIC aims to strengthen R&D in IoT, cloud computing, mobile payments, Big Data, Blockchain, and AI, investing in private and public enterprises. The company emphasizes helping small and micro-cap companies access capital through specialized consulting and leveraging a global network of investment and financial professionals within its fintech ecosystem.

Summary of Key Points

  • Focuses on the development of integrated fintech solutions with patented technology.
  • Aims to expand into the food supply chain and global franchise markets.
  • Has not recognized revenue since 2023 and reports losses.
  • Maintains a small employee base and is located in New York and Taiwan.
  • Holds significant debt, including convertible notes and short-term loans.
  • Seeks additional funding via IPOs and strategic joint ventures.
  • Has experienced changes in leadership, including a recent change of CEO in August 2023.

Note: The company does not currently have revenue, and its assets consist mainly of cash, receivables, and patents, with ongoing efforts to develop new business ventures and attract investments.