Winning Catering Group Inc

Winning Catering Group, Inc. is a company that acquired Alset EHome Inc. through a reverse merger transaction on December 29, 2017, with Alset EHome principally engaged in developing, selling, managing, and leasing residential properties in the United States following the completion of that business combination. Winning Catering Group is 99.99% owned by SeD Intelligent Home Inc., which is a wholly owned subsidiary of Alset International Limited, a multinational public company listed on the Singapore Exchange Securities Trading Limited — situating the company within the corporate organizational structure of an Asia-Pacific affiliated real estate and technology group with Singapore Exchange listed parent company status. This Singapore Exchange connection places Winning Catering Group within an organizational hierarchy that is ultimately accountable to Singapore securities regulators and the governance standards applicable to Singapore-listed companies, while simultaneously maintaining its own SEC registration and U.S. public company disclosure obligations.<br><br>Following a distribution of assets to shareholders in August 2025, Winning Catering Group is currently considered a shell company as defined under Rule 12b-2 of the Securities Exchange Act of 1934, with no material operations or sources of revenue, as the distributable assets of its U.S. residential real estate operations were returned to shareholders and the company ceased its direct operational activities. This transition from an operating company to a shell company reflects the completion of a strategic phase of the company's U.S. activities and raises questions about the company's future direction — which may involve a new business combination, a wind-down of the public company structure, or a reactivation of U.S. real estate or other business activities under new ownership or strategic direction. The company's going concern qualification from its independent auditors reflects the financial challenges of a post-distribution shell entity requiring additional financing or a strategic transaction to support continued operations.<br><br>Winning Catering Group, Inc. files periodic reports with the Securities and Exchange Commission, including annual Form 10-K and quarterly Form 10-Q reports, with the most recent filings available covering the 2025 and 2026 fiscal periods. The company's relationship with Alset International Limited and the Singapore-based organizational structure reflects a class of OTC-registered U.S. public companies that are controlled by or affiliated with international parent companies — primarily from Asia-Pacific jurisdictions — that have established U.S. public company subsidiaries as part of their global corporate strategy, providing access to U.S. capital markets and the investor base and disclosure framework of the U.S. public equity market.