Winning Catering Group, Inc. (OTC: WNHK)

Winning Catering Group, Inc. is a Nevada incorporated company that was founded on December 10, 2009 and maintains its principal office at 4800 Montgomery Lane, Suite 210, Bethesda, MD 20814. The company originally operated under the name LiquidValue Development Inc. before changing its name. Through its acquisition of Alset EHome Inc. completed on December 29, 2017, Winning Catering Group, Inc. entered the land development business and adopted the operations of Alset EHome as its core activities. Following a series of transactions in 2025, including a contribution agreement with Alset Real Estate Holdings Inc. and a distribution of its shares as a special dividend, the company became a shell entity as defined by applicable securities rules while awaiting the closing of a contemplated merger with SeD Intelligent Home Inc. and related parties. As of December 31, 2025 the company reported total assets of five thousand nine hundred twelve dollars and total liabilities of zero, compared with total assets of thirty eight million seven hundred ninety two thousand six hundred seventy four dollars and total liabilities of two million nine hundred ninety one thousand three hundred seventy five dollars as of December 31, 2024. The company had no full time employees at the present time but employed six full time workers as of the end of 2024. The company's current focus remains on real estate development and related rental operations.

The company generates revenue primarily from the sale of residential lots developed in its land projects and from rental income associated with its properties. At the Lakes at Black Oak subdivision north of Houston Texas the company sold groups of single family lots to builders such as Davidson Homes LLC and Century Land Holdings of Texas LLC receiving proceeds that included a fixed per lot price plus a community enhancement fee for each lot transferred. Specific sales included the transfer of 94 lots in May 2023, the remaining lots in January 2024, 70 lots in July 2024, 72 lots in October 2024 and 63 lots in December 2024, with the aggregate proceeds from those transactions amounting to approximately three point eight million dollars, three point nine million dollars and three point eight million dollars respectively. The Ballenger Run acquisition in Frederick County Maryland added a 197 acre subdivision whose lots were largely sold before the 2025 distribution contributing additional proceeds. In addition the company leases model homes and other properties earning lease payments that are calculated as a percentage of construction costs or as agreed base rents. An example is the model home lease with Davidson Homes LLC that began in January 2024 for a twenty four month term with annual base rent equal to twelve percent of the total construction cost and contractor's fee. The company also incurred expenses for environmental studies and compliance related to its real estate projects, having spent approximately seventy one thousand four hundred thirty one dollars through the date of the distribution. These activities together constitute the company's main sources of income.

The company operates through the following segment.

• The real estate segment encompasses the company's land development activities and its rental business. This includes the Lakes at Black Oak project in Texas which began with 162 acres and was later expanded by approximately 6.3 acres, the Ballenger Run project in Maryland covering 197 acres, and various model home leases and property rentals. The segment is responsible for identifying land, obtaining necessary approvals, preparing sites for construction, selling finished lots to builders, and managing lease agreements for residential units. The segment also oversees environmental studies and compliance work required for development, coordinates with outside contractors for site work, and monitors financial performance using net income and operating income as the primary metrics reviewed by the company's chief operating decision makers.

The company positions itself as a residential land developer operating in selected markets of Texas and Maryland concentrating on the preparation and sale of single family lots to regional builders. Its competitive advantages stem from its experience in navigating entitlement processes its ability to assemble land parcels and its relationships with contractors and homebuilders. The company does not intend to qualify as a real estate investment trust for federal tax purposes and therefore retains earnings and gains within the operating entity. Compared with larger national developers Winning Catering Group, Inc. operates on a smaller scale focusing on discrete projects that can be completed within a few years. This concentrated approach allows the company to maintain flexibility in capital allocation and to respond to local market conditions.

The company serves homebuilders and real estate investors who purchase developed lots for residential construction. Specific customers named in the filing include Davidson Homes LLC and Century Land Holdings of Texas LLC which acquired groups of lots from the Lakes at Black Oak project. In addition the company leases model homes to builders such as Davidson Homes LLC under agreed arrangements. The customer base also includes individuals who may buy completed homes from the builders that purchase the lots, although the company does not sell directly to end consumers. The company's relationships with its customers are typically governed by purchase and sale agreements for land or lease agreements for model homes.