Here are the 10-K annual reports from Luduson G Inc (LDSN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow LDSN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LDSN filings page.
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.