OTC: WNHK

On May 30, 2025, the Company entered into an Acquisition
Agreement and Plan of Merger (the “Acquisition Agreement”) with SeD Intelligent Home Inc., LVD Merger Corp., a wholly owned
subsidiary of the Company; Winning Catering Management Limited (“Winning Group”); Winning Holdings Limited; and Pure Talent
Group Limited. Pursuant to the Acquisition Agreement, LVD Merger Corp. will merge with and into Winning Group, with Winning Group surviving
the merger as a wholly owned subsidiary of the Company. In connection with the merger, the Company will issue new shares of its common
stock, following which Winning Holdings will own approximately 80% of the issued and outstanding shares of the Company.

On December 29, 2017, the Company, SeD Acquisition
Corp., a Delaware corporation and wholly-owned subsidiary of the Company (the “Merger Sub”), Alset EHome Inc. (referred to
herein as “Alset EHome”), a Delaware corporation, and SeD Intelligent Home Inc., a Delaware corporation entered into an Acquisition
Agreement and Plan of Merger (the “Agreement”) pursuant to which the Merger Sub was merged with and into Alset EHome, with
Alset EHome surviving as a wholly-owned subsidiary of the Company. The closing of this transaction (the “Closing”) also took
place on December 29, 2017. The Company’s business operations became those operations that Alset EHome was conducting.

With
the completion of the Company’s acquisition of Alset EHome, we entered into the business of land development. While the Company
owned real estate, the Company did not intend to be a REIT for federal tax purposes. Alset EHome’s Lakes at Black Oak project was
a land sub-division development located north of Houston, Texas. The Lakes at Black Oak project initially consisted of 162 acres; in
January of 2021, this project was expanded with the purchase of an approximately 6.3 acre tract of land. Alset EHome conducted its operations
through wholly and partially owned subsidiaries. Alset EHome’s affiliates provided project and asset management via separate agreements
with consultants.

The
Company has one reportable segment, real estate, which includes its land development projects and rental business. The Company’s
chief operating decision makers (the “CODMs”) are the Co-Chief Executive Officers, who review and assess the performance
of the Company as a whole. The CODMs primarily use net income (loss) and operating income (loss) to evaluate performance and allocate
resources, and these measures are prepared on the same basis as in the Company’s Consolidated Statements of Operations. The CODMs
use these measures in assessing ongoing operations and in the Company’s internal planning and forecasting processes. Segment expenses
and other items are provided to the CODMs on the same basis as presented in the Consolidated Statements of Operations, and the CODMs
do not use information on segment assets in evaluating performance or allocating resources.

3

As
of December 31, 2025, we had total assets of $5,912 and total liabilities of $0. As of December 31, 2024, we had total assets of $38,792,674
and total liabilities of $2,991,375.

Employees

At
the present time, the Company has no full-time employees. As of December 31, 2024 the Company had six full-time employees. Much of our
work is done by contractors retained for projects, and at the present time we have no part-time employees.

Compliance
with Government Regulation

The
development of our real estate projects required the Company to comply with federal, state and local environmental regulations. In connection
with this compliance, our real estate acquisition and development projects required environmental studies. Through the date of the Distribution,
the Company had spent approximately $71,431 on environmental studies and compliance. The Company did not incur any environmental study or compliance expenditures during the fiscal years ended December
31, 2025 and 2024.

At
the present time, we believe that we have all of the material government approvals that we need to conduct our business as currently
conducted. We are required to comply with government regulations and to make filings from time to time with various government entities.
Such work is typically handled by outside contractors we retain.

Corporate
Organization

As
of December 31, 2025, the Company had one wholly owned subsidiary, LVD Merger Corp.

Lakes
at Black Oak

Alset
EHome’s Lakes at Black Oak project is a land sub-division development located north of Houston, Texas. Our Lakes at Black Oak project
initially consisted of 162 acres.

On
January 13, 2021, 150 CCM Black Oak, Ltd. purchased an approximately 6.3 acre tract of land in Montgomery County, Texas.

On
March 17, 2023, 150 CCM Black Oak Ltd. entered into a Purchase and Sale Agreement (the “Davidson Agreement”) with Davidson
Homes, LLC, an Alabama limited liability company. Pursuant to the terms of the Davidson Agreement, Black Oak agreed to sell approximately
189 single-family detached residential lots developed within section 2 of Lakes at Black Oak project. The sale of the first 94 lots closed
on May 30, 2023. The sale of remaining lots closed on January 4, 2024.

On
July 1, 2024, 150 CCM Black Oak Ltd., closed the sale of 70 single-family detached residential lots comprising a section of a residential
community in Lakes at Black Oak to Century Land Holdings of Texas, LLC. The lots were sold at a fixed per-lot price, and Black Oak also
received a community enhancement fee for each lot sold. The aggregate purchase price and community enhancement fees, minus certain expenses,
equaled a combined total of approximately $3.8 million.

On
October 10, 2024 150 CCM Black Oak Ltd. closed the sale of 72 single-family detached residential lots comprising a section of a residential
community Lakes at Black Oak to Century Land Holdings of Texas, LLC. The lots were sold at a fixed per-lot price, and the Seller also
received a community enhancement fee for each lot sold. The aggregate purchase price and community enhancement fees, minus certain expenses,
equaled a combined total of approximately $3.9 million.

On
December 16, 2024, Alset EHome Inc. closed the sale of 63 single-family detached residential lots comprising a section of a residential
community near Houston, Texas known as “Alset Villas” to Century Land Holdings of Texas, LLC. The lots were sold at a fixed
per-lot price, and the Seller also received a community enhancement fee for each lot sold. The aggregate purchase price and community
enhancement fees, minus certain expenses, equaled a combined total of approximately $3.8 million.

4

As
of December 31, 2024 the Company sold all the lots available for sale.

Ballenger
Run

In
November 2015, we completed the $15.65 million acquisition of Ballenger Run, a 197-acre land sub-division development located in Frederick
County, Maryland. The Ballenger Run project was nearly completed before the Distribution, as all lots have been sold and the Company
was completing its final tasks related to the project.

Model
Homes

In
May 2023, the Company entered into a lease agreement for one of its model houses located in Montgomery County, Texas. The lease was terminated
in February 2025.

On
July 14, 2023, 150 CCM Black Oak Ltd entered into a model home lease agreement with Davidson Homes, LLC (“Davidson”). On
August 3, 2023, Black Oak entered into a development and construction agreement with Davidson to build a model house located in Montgomery
County, Texas. On January 4, 2024, Black Oak paid $220,076 to Davidson as reimbursement for final construction cost and the contractor’s
fee. The model home lease commenced on January 1, 2024, lease term is twenty-four (24) full months and annual base rent equals to twelve
percent (12%) of the total of the final cost of construction costs and the contractor’s fee.

Additional
Information

The
Company is subject to the information requirements of the Exchange Act, and, in accordance therewith, files annual, quarterly, and special
reports, proxy statements and other information with the Commission. The Commission maintains an internet website at http://www.sec.gov
that contains reports, proxy and information statements and other information regarding issuers that file electronically with the Commission.
The periodic reports, proxy statements and other information that the Company files with the Commission are available for inspection
on the Commission’s website free of charge as soon as reasonably practicable after they are electronically filed with or furnished
to the Commission.