Aphoenity International Holdings Inc., formerly Luduson G Inc., files an amended annual report that updates its 2024 financial statements and auditor’s report and refreshes narrative disclosures after significant restructuring. The company has shifted from gaming and entertainment into a boutique listing consulting and corporate advisory business focused on helping Southeast Asian clients access global, including U.S., capital markets.
The report details multiple acquisitions and disposals of subsidiaries, a planned 1‑for‑1,000 reverse stock split, and a new Wyoming holding-company structure that mirrors the prior Delaware entity’s ownership and management. As of April 10, 2026, there were 563,466,410 common shares outstanding, and non‑affiliate market value was about $1.21 million as of June 30, 2023. Management estimates it will need about $1 million over the next 18–24 months to expand in Hong Kong and plans to rely on shareholder or institutional loans.
Extensive risk factors highlight reliance on key executives, concentration of control with a 51.47% shareholder, complex Malaysian and broader Southeast Asian regulatory regimes, foreign exchange and HFCAA audit risks, political uncertainty, and the limited, potentially “penny stock” nature of its OTC trading market.
Aphoenity International Holdings Inc. filed a Form 12b-25 notifying the SEC it cannot timely file its annual report on Form 10-K for the period ended December 31, 2025. The company requests an extension to allow its independent registered public accounting firm additional time to complete review of interim financial statements. The notification was signed on April 7, 2026. The registrant indicates a prior periodic report for June 30, 2025 was not filed and states it does not anticipate a significant change in results of operations for the subject period.
Aphoenity International Holdings Inc., formerly Luduson G Inc., reported several corporate changes. The company changed its domicile from Delaware to Wyoming by statutory conversion, with the Wyoming entity continuing as the same corporation and all assets, rights, and obligations carrying over without interruption.
Effective October 1, 2025, the company’s name was changed from “Luduson G Inc.” to “Aphoenity International Holdings Inc.” Effective November 18, 2025, it completed a reverse stock split of its common and any preferred stock at a ratio of one new share for every 1,000 old shares, with fractional shares rounded up to the nearest whole share. The par value of the ordinary shares remains USD 0.0001 per share, and the company’s IRS employer identification number was updated to 98-1872097 effective November 18, 2025.