Company Summary - UbuyHoldings, Inc.

• Legal Structure & Location:

  • Corporation incorporated in Nevada, USA.

• Business Model & Purpose:

  • A public shell company seeking to merge or acquire an operating business.
  • No active operations or specific business at present.
  • Intends to create value for shareholders by merging with an entity led by experienced management and with growth opportunities.

• History & Corporate Changes:

  • Originally incorporated in 1985 as Java, Inc., renamed Wasatch International Corporation in 1995.
  • Acquired E-Pawn, Inc. in 2000 and operated an e-commerce business via UBUYNETWORK.COM.
  • Has been dormant since filing a 10-K/A for the period ending May 31, 2000.
  • Re-initiated activities in July 2023 after custodianship appointment.
  • In June 2024, completed a significant transaction where the company was sold to AEI Capital Ltd., resulting in new management and officers, including a new CEO and board members.

• Current Status:

  • Fully a shell company with no ongoing business operations, revenues, or active employees.
  • Management includes only one part-time officer, Mr. John Tan Honjian, who devotes about 10 hours weekly.

• Financial Position (as of May 31, 2024):

  • No assets.
  • Liabilities: $45,102 (current liabilities), primarily owed to related parties (custodian ventures LLC).
  • Equity: Negative stockholders’ deficit of approximately $45,102, reflecting accumulated losses.
  • Revenue & Income: No reported revenue or income; a net loss of $284,102 for the fiscal year ended May 31, 2024.

• Operational Plans:

  • Seeking to identify and acquire a viable business through a merger or purchase (reverse merger, asset purchase, or similar).
  • No specific target, industry, or geographic area has been identified.
  • No current agreements, contractual arrangements, or revenues.
  • The company expects to incur operational costs related to due diligence, filings, and acquisition activities in the next 12 months.

• Shareholders & Stock Information:

  • On June 6, 2025, the company had 284,367,820 shares of common stock outstanding.
  • No current revenue, dividends, or active securities plans.
  • Listed major shareholders include entities like Fortuna Holdings Limited (42.7%), Custodian Ventures LLC (19.3%), and others.

• Employees:

  • No full-time employees or operational staff.
  • Management and officers are part-time.

• Product & Customer Data:

  • No products, services, or customer base at present.
  • No revenue, customer count, or sales data available.

• Summary:

  • UbuyHoldings, Inc. functions solely as a shell company with no current operations, revenue, or employees, planning to pursue a business merger or acquisition with an external entity in the future.