SUIC Worldwide Holdings Ltd.

What they do

SUIC has no significant operating business of its own; it states that since 2020 it has become a major creditor and stakeholder in Beneway Holdings Group Ltd through promissory notes. Stated ventures include fintech through Beneway USA's subsidiary Boom Fintech, which the filing says holds nine fintech patents, food industry supply chain integration, and global chain and franchise expansion through the I.Hart catering group. The company reports 2 directors and 3 employees in its Taiwan office, 1 director in Malaysia and 2 directors in the U.S.

Revenue drivers

• Consulting and related services — The 10-K describes specialized consulting services to help small and micro-cap companies operate in public markets, but reported revenue is negligible: $18,482 in 2025 and $0 in 2024.
• Beneway Holdings Group ventures — The company holds promissory notes in Beneway and works with it on fintech, food supply chain and franchise initiatives; these generated no reported revenue in the periods covered.
• Franchise brand and distribution contracts — The 10-K states the company has signed several franchise brand and distribution contracts, with details deferred to subsequent events, but no contract revenue is reported.

Recent performance

Revenue has been minimal and inconsistent: $379,000 in 2021, $221,000 in 2022, $150,000 in 2023, $0 in 2024 and $18,482 in 2025. The 10-K reports 2025 revenue from continuing operations as $(18,482), cost of revenues of $7,100, G&A of $64,017, bad debt expense of $15,702, a $30,000 loss on the Beneway investment and interest expense of $24,315, producing a net loss of $(119,644) versus $(234,211) in 2024. For the six months ended June 30, 2026, the company reported $20,000 of revenue, $10,000 cost of revenue, $27,388 of operating expenses and a net loss of $(30,236), compared with a $(59,676) loss in the first half of 2025. At June 30, 2026, total assets were $4,218, total liabilities $865,118 and shareholder equity was negative $(860,900), with cash of $2,987.

Strategy

Management says it will continue research and development and venture financing in IoT, cloud computing, mobile payments, Big Data, blockchain and AI. Through Beneway it plans fintech products under Boom Fintech, food industry supply chain integration with international trade financiers, and franchise expansion via I.Hart, and it says SUIC and Beneway are looking to raise funds from an IPO and capital markets to support M&A of U.S. food suppliers. The company also states it targets small and micro-cap companies with limited capital access, offering consulting and access to its fintech network. The 10-Q acknowledges substantial doubt about the ability to continue as a going concern and says the company must generate sales and obtain additional financing.

Risks

• Going concern — The 10-Q states there is substantial doubt about the company's ability to continue as a going concern given net losses and negative operating cash flow, with a working capital deficit of $(630,431) at June 30, 2026.
• Minimal revenue base — Annual revenue was $0 in 2024 and $18,482 in 2025, and quarterly revenue was $0 in both the December 2025 and June 2026 quarters, so the business has no dependable revenue stream.
• Negative equity and liabilities — At June 30, 2026 total liabilities of $865,118 exceed total assets of $4,218, leaving shareholder equity of negative $(860,900) and current liabilities of $633,418.
• Dependence on Beneway — The company's stated ventures run through Beneway Holdings Group, in which it is a creditor and stakeholder, and it recorded a $30,000 loss on that investment in 2025.

Outlook

Management describes plans to raise funds through an IPO and capital markets, pursue M&A of U.S. food industry suppliers and expand franchise brands with I.Hart. It states the company must generate sales and obtain additional financial resources to continue developing operations. The 10-K also notes signed franchise brand and distribution contracts, with terms expected to be described in subsequent events filings.