# EDGAR Filing Document

**Accession Number:** 0001558740
**File Stem:** 0001477932-26-002885
**Filing Date:** 2026-5
**Character Count:** 236575
**Document Hash:** a5642e81260f5586b426e8a7991a9534
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-26-002885.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001477932-26-002885

**CONFORMED SUBMISSION TYPE**: 10-K

**PUBLIC DOCUMENT COUNT**: 65

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Winvest Group Ltd
- **CENTRAL INDEX KEY:** 0001558740
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 272052033
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56204
- **FILM NUMBER:** 26957556

**BUSINESS ADDRESS:**
- **STREET 1:** 50 WEST LIBERTY STREET
- **STREET 2:** SUITE 880
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89501
- **BUSINESS PHONE:** (775) 996-0288

**MAIL ADDRESS:**
- **STREET 1:** 50 WEST LIBERTY STREET
- **STREET 2:** SUITE 880
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZYROX MINING INTERNATIONAL INC
- **DATE OF NAME CHANGE:** 20120921

?xml version='1.0' encoding='ASCII'? wnlv_10k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington D.C. 20549**

**FORM 10-K**

☒ **ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the fiscal year ended <u>**December 31, 2025**</u>

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from ______, 20 ___, to ______, 20___.**

**Commission File Number <u>000-56448</u>**

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| **Winvest Group Ltd.** |
| (Exact Name of Registrant as Specified in its Charter) |

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|:---|:---|
| **Nevada** | **27-2052033** |
| (State or Other Jurisdiction of<br>Incorporation or Organization) | (I.R.S. Employer<br>Identification No.) |
| **50 West Liberty Street Suite 880, Reno NV** | **89501** |
| (Address of Principal Executive Offices) | (Zip Code) |

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**<u>(775) 996-0288</u>**

(Registrant's Telephone Number, Including Area Code)

**<u>N/A</u>**

(Former name or former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

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| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| N/A | N/A | N/A |

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Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐&nbsp;&nbsp;&nbsp;&nbsp;No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

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| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☒ |
| Emerging growth company | ☐ | ☐ |  |

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on an attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐&nbsp;&nbsp;&nbsp;&nbsp;No ☒

The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold as of June 30, 2024 ($1.027 per share), the last business day of the registrant's most recently completed second fiscal quarter, was $45,849,089.

There were 116,494,283 shares of the registrant's common stock, $0.001 par value per share, outstanding as of May 5, 2026.

**Documents Incorporated by Reference**

None

**Winvest Group Ltd**

**Contents**

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|  |  | **Page** |
| [Cautionary Statement Regarding Forward-Looking Statements](#caut) | [Cautionary Statement Regarding Forward-Looking Statements](#caut) | ii |
| **[Part I](#p1)** | **[Part I](#p1)** | **[Part I](#p1)** |
| [Item 1.](#i1) | [Business](#i1) | 1 |
| [Item 1A.](#i1a) | [Risk Factors](#i1a) | 8 |
| [Item 1B.](#i1b) | [Unresolved Staff Comments](#i1b) | 15 |
| [Item 1C.](#i1c) | [Cybersecurity](#i1c) | 15 |
| [Item 2.](#i2) | [Properties](#i2) | 15 |
| [Item 3.](#i3) | [Legal Proceedings](#i3) | 15 |
| [Item 4.](#i4) | [Mine Safety Disclosures](#i4) | 17 |
| **[Part II](#p2)** | **[Part II](#p2)** | **[Part II](#p2)** |
| [Item 5.](#i5) | [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](#i5) | 18 |
| [Item 6.](#i6) | [Reserved](#i6) | 18 |
| [Item 7.](#i7) | [Management's Discussion and Analysis of Financial Condition and Results of Operations](#i7) | 19 |
| [Item 7A.](#i7a) | [Quantitative and Qualitative Disclosures About Market Risk](#i7a) | 25 |
| [Item 8.](#i8) | [Financial Statements and Supplementary Data](#i8) | 25 |
| [Item 9.](#i9) | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](#i9) | 25 |
| [Item 9A.](#i9a) | [Controls and Procedures](#i9a) | 25 |
| [Item 9B.](#i9b) | [Other Information](#i9b) | 26 |
| [Item 9C.](#i9c) | [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](#i9c) | 26 |
| **[Part III](#p3)** | **[Part III](#p3)** | **[Part III](#p3)** |
| [Item 10.](#i10) | [Directors, Executive Officers and Corporate Governance](#i10) | 27 |
| [Item 11.](#i11) | [Executive Compensation](#i11) | 30 |
| [Item 12.](#i12) | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](#i12) | 32 |
| [Item 13.](#i13) | [Certain Relationships and Related Transactions, and Director Independence](#i13) | 36 |
| [Item 14.](#i14) | [Principal Accounting Fees and Services](#i14) | 36 |
| **[Part IV](#p4)** | **[Part IV](#p4)** | **[Part IV](#p4)** |
| [Item 15.](#i15) | [Exhibits, Financial Statement Schedules](#i15) | 37 |
| [Item 16.](#i16) | [Form 10-K Summary](#i16) | 37 |
|  | [Signatures](#sig) | 38 |

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| i |
| *[**Table of Contents**](#TOC)* |

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**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

This Annual Report on Form 10-K and the documents incorporated herein by reference contain forward-looking statements. Such forward-looking statements are based on current expectations, estimates and projections about Winvest Group Ltd., industry, management beliefs, and assumptions made by management. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict; therefore, actual results and outcomes may differ materially from what is expressed or forecasted in any such forward-looking statements. Although we believe the expectations reflected in our forward-looking statements are based upon reasonable assumptions, it is not possible to foresee or identify all factors that could have a material effect on the future financial performance of the Company. The forward-looking statements in this Annual Report on Form 10-K are made on the basis of management's assumptions and analyses, as of the time the statements are made, in light of their experience and perception of historical conditions, expected future developments and other factors believed to be appropriate under the circumstances. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained in this Annual Report on Form 10-K and the information incorporated by reference in this Annual Report on Form 10-K to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.

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| ii |
| *[**Table of Contents**](#TOC)* |

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**PART I**

**ITEM 1. BUSINESS**

*Unless the context indicates otherwise, the "Company," "we," "our," "ours" or "us" refer to Winvest Group Ltd., a Nevada corporation, and its wholly owned subsidiaries, The Catalyst Group Entertainment ("TCG") and IQI Media, Inc ("IQI").*

**Overview**

Winvest Group Ltd, "the Company" (formerly known as Zyrox Mining International Inc. until December 2021) was incorporated in the State of Nevada on June 3, 2009. Winvest Group Ltd began formal operations on June 3, 2009, with the principal purpose of developing, marketing, and selling software products through the Internet, and to provide web-based services for individuals and small business. During 2010, this business was discontinued and management focused on developing a biodegradable plastic opportunity.

The Company began trading as Riverdale Capital, Ltd. under the symbol "RICP" on June 3, 2009.

On August 17, 2010, the then Chief Executive Officer resigned and appointed Carl H. Kruse as sole Director and Chief Executive Officer. Carl H. Kruse became the majority shareholder at that time by virtue of a Stock Purchase Agreement with the majority shareholder, resulting in a change of control of the Issuer.

On November 8, 2010, the Company entered into an agreement to acquire 100% of the Membership Interests of WSVPA Bio Products Incorporated, a Nevada LLC in consideration for 102,238,200 shares of common stock. After completion of their due diligence, WSPVA formally closed on the transaction on May 12, 2012. The Company subsequently received 500,000,000 Class "A" membership units and 1,000,000 Class "B" membership units representing 100% of the membership interest of WSPVA (dissolvingplastic.com) in return for 102,238,200 common shares of the Company and WSPVA is now a wholly owned subsidiary of the Company.

The Company finalized the acquisition of a biodegradable plastic manufacturer, WSPVA, Bio Products International, LLC, a Nevada LLC, on March 12, 2012, for 102,238,200 common shares, of which 98,984,744 had been issued in the prior fiscal year and recorded as Issuance of Common Shares for Donated Services, because of the uncertainty of completing the transaction. The Company now owns 100% of the equity interests in this wholly owned subsidiary. With the transaction now complete the market value of the shares on March 12, 2012, has been recorded as the purchase price for WSPVA.

Subsequently, WSPVA has been permanently revoked by the Nevada Secretary of State and no longer a subsidiary of the Company.

Effective April 30, 2012, the Company changed its name to Diversified Energy & Fuel International, Inc. and changed its name to Zyrox Mining International, Inc. on August 15, 2012.

During the period from November 2012 through April 2020, the Company was dormant.

David Lazar, the principal of Custodian Ventures, LLC conducted due diligence on the Company and determined that the Company would be a potential Custodianship candidate, based upon previous management appearing to have abandoned the Company approximately eleven years ago. Mr. Lazar then chose to buy shares of the Company on the open market and start a Custodianship proceeding.

On December 27, 2019, Custodian Ventures, LLC was appointed as the custodian of the Company by the Eighth Judicial Court of Nevada pursuant to Case No. A-19-805642-B.

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On March 5, 2021, as a result of a private transaction, 300,000,000 shares of Series A Preferred Stock, $0.001 par value per share (the "Shares") of the Company, were transferred from Custodian Ventures, LLC (the "Seller") to Wan Nyuk Ming, Ng Chian Yin, and Jeffrey Wong Kah Mun, respectively, based on their ownership of Winvest Group Limited (collectively, the "Purchaser"). As a result, the Purchaser became an approximately 90% holder of the voting rights of the issued and outstanding share capital of the Company on a fully diluted basis of the Company and became the controlling shareholders. The consideration paid for the Shares was $700,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him and/or the Seller.

Other than as described below, there are no arrangements or understandings between either the former and new control persons and their associates with respect to the election of directors of the Company or other matters.

On April 14, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company's Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director.

On April 14, 2021, Mr. Wan Nyuk Ming consented to act as the new Chairman and a member of the Board of Directors of the Company; Mr. Ng Chian Yin consented to act as Managing Director (MD) and a member of the Board of Directors of the Company; Mr. Jeffrey Wong Kah Mun consented to act as the new Chief Executive Officer (CEO) and a member of the Board of Directors of the Company.

Finally, also on April 14, 2021, Ms. Tham Yee Wen was appointed as Secretary and Chief Operating Officer (COO) of the Company; Ms. Boo Shi Huey was appointed as Treasurer of the Company.

On September 14, 2021, the Company had changed the fiscal year end from May 31 to December 31. The Company's accounting year-end is presently December 31.

On December 17, 2021, Zyrox Mining International, Inc, amended its articles of incorporation and changed its name to Winvest Group Ltd. (the "Name Change"). The change was made in anticipation of entering into a new line of business operations.

Also on December 17, 2021, Zyrox Mining International, Inc. amended its articles of incorporation to reverse split its common stock at a rate of 1 for 250 (the "Reverse").

On December 29, 2021, FINRA declared the Name Change and the Reverse effective. Also on December 29, 2021, the Company was informed by FINRA that the Company's ticker symbol would be changed to WNLV in twenty business days. The Company's stock symbol changed to WNLV on January 27, 2022.

On May 16, 2022, the Company entered into a Share Exchange Agreement (the "Agreement") with The Catalyst Group Entertainment, LLC ("TCG"), a California limited liability company, and IQI Media Inc. ("IQI"), a California corporation. Pursuant to the Agreement, the Company acquired 100% of the equity interests in TCG and IQI in exchange for an aggregate of 900,000 shares of the Company's common stock. The shares were issued to the members and shareholders of TCG and IQI, namely Joseph Lanius, Nicholas Burnett, Khiow Hui Lim, (collectively, the "TCG and IQI Shareholders"). The transaction has been accounted for as a recapitalization of the Company, whereby WNLV is the accounting acquirer.

Billie Black Production LLC (hereafter called "BB"), is a subsidiary of IQI, established on October 1, 2024, and located in Wyoming, United States. The company was primarily formed to focus on media and film production activities. However, the company ceased operations in the first quarter of 2025 due to the cancellation of the film project that was originally planned to be produced through BB. Subsequently, BB was formally dissolved and its registration in the state records was terminated on August 12, 2025.

Consequently, the Company has ceased to fall under the definition of a shell company as defined in Rule 12b-2 under the Exchange Act of 1934, as amended (the "Exchange Act") and TCG and IQI are now wholly owned subsidiaries.

On May 25, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") appointed Khiow Hui, Lim as the Corporation's Chief Strategic Officer and Charlene Logan Kelly as the Corporation's Chief Intellectual Officer.

On June 13, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") appointed Khiow Hui, Lim to the Corporation's Board of Directors.

On June 29, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") accepted the resignation of Tham Yee Wen as the Company's Secretary. Also, on June 29, 2022, the Board of Directors of the Company appointed Khiow Hui, Lim as the Company's Secretary.

On July 31, 2025, the Company has received the formal written notice from Ms. Charlene Logan Kelly confirming her resignation from the position of Chief Intellectual Officer (CIO), effective as of June 28, 2025. Ms. Logan Kelly's resignation was not due to any disagreement with the Company on any matter relating to its operations, policies, or practices.

On January 27, 2026, Wan Nyuk Ming resigned from his positions as Chairman of the Board and Director of Winvest Group Ltd., and Ng Chian Yin resigned from his position as Director of Winvest Group Ltd., each for personal reasons. The resignations were not the result of any disagreement with the Company, its management, or the Board regarding the Company's operations, policies, or practices.

On January 27, 2026, the Board of Directors of Winvest Group Ltd. appointed Khiow Hui Lim as Chairman of the Board, effective immediately. Ms. Khiow Hui Lim will serve as Chairman in addition to her existing role as a director of the Company.

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**<u>TCG</u>**

The Catalyst Group Entertainment (hereafter called "TCG"), is a finance and production company for the media and entertainment sector located in the city of Beverly Hills, California, founded in April 2019 and headed by Joseph S. Lanius, Nick D. Burnett and Khiow Hui, Lim with over 25 years' experience in the film industry, encompassing film finance, production and distribution. In early 2025, TCG significantly scaled down its operations, and its bank accounts were formally closed in February 2026. As a result, Joseph S. Lanius and Nick D. Burnett are no longer involved in the operations of the Company.

**<u>IQI</u>**

IQI Media, Inc (hereafter called "IQI"), is a content technology ("ConTech") studio and Artificial Intelligent ("AI") AI-driven media company focused on bridging storytelling with data-driven engagement. Headquartered with operations supporting both Pasadena, California and Lehi, Utah, IQI Media operates through its proprietary technology platform and original intellectual property (IP) development activities. The Company is repositioning itself as an AI Studio that leverages algorithmic precision alongside human creativity to generate revenue opportunities earlier in the content lifecycle, including through pre-production IP licensing, while retaining selective theatrical releases and creative oversight.

**Framework: The 3 Edges Method**

IQI Media employs the 3 Edges Method, a proprietary strategic framework that integrates content creation with technological infrastructure to optimize the media supply chain. This method establishes three distinct competitive advantages:

1. **Original IP Slate (The Content Edge)**: The Company maintains a curated portfolio of original intellectual property. This edge focuses on the acquisition and development of high-potential media assets, ensuring a consistent pipeline of content designed to meet evolving global audience demands. By owning the underlying IP, the Company secures long-term value and foundational control over the monetization lifecycle.

2. **Content Growth Metrics (The Intelligence Edge)**: This edge utilizes data-driven analytics and AI-powered intelligence to track and project the performance of media assets. By monitoring engagement trends and audience conversion data, the Company can make informed, low-risk decisions regarding production and marketing spend. These metrics provide the empirical evidence required to "greenlight" projects and optimize the Return on Ad Spend ("ROAS").

3. Launchrr SaaS Solution (The Distribution Edge): Launchrr serves as the technical infrastructure of the framework. As a cloud-based aggregator and distribution platform, it utilizes direct API integrations with major streaming services such as Over-The-Top /Free Ad-supported Streaming Tv ("OTT/FAST") to automate content delivery. This Software-as-a-Service ("SaaS") model eliminates the need for traditional manual intermediaries, providing a streamlined, transparent, and high-efficiency pathway to the global market.

**Strategic Impact:** By applying the 3 Edges Method, IQI Media aims to compress traditional Hollywood supply chain inefficiencies, reduce revenue leakage to third-party intermediaries, and deliver higher returns to stakeholders. The synergy between a proprietary IP Slate, advanced Growth Metrics, and the Launchrr SaaS distribution engine allows the Company to operate a more agile and profitable business model compared to traditional media distribution structures.

**Business Model**

IQI Media's business model combines original IP content production with a scalable SaaS technology platform (Launchrr) that addresses long-standing pain points in the global media and entertainment supply chain. The traditional distribution model often leaves creators with only 5–15% of lifetime revenue due to multiple layers of intermediaries (distributors, sales agents, aggregators, sub-distributors, and guild processing). IQI Media's Launchrr Inversion model compresses this chain through digitization and automation, targeting a significantly higher creator share (up to 45%) while enhancing value for distributors and platforms through better data, curation, and operational efficiency.

Key revenue streams include:

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| SaaS subscription and usage-based fees for the Launchrr platform (including distribution, asset management, and analytics). |
| Distribution and encoding service fees. |
| Participation in advertising revenue (via integrated social Prints and Advertising ("P&A") and platform ad metrics, with flexible revenue splits such as 70/30, 60/40, or 50/50). |
| Profit-sharing and minimum guarantee arrangements in content deals. |
| Early IP licensing and pre-production intelligence services. |
| Potential future contributions from blockchain-enabled features (e.g., Token-as-a-Service, decentralized copyright protection, and profit-sharing mechanisms like those explored in related MovieCoin initiatives). |

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The model is designed to create a closed-loop ecosystem: AI-powered IP evaluation and greenlighting → production tracking → single-click global distribution via Application Programming Interface ("API") integrations → real-time revenue tracing and residuals management → predictive analytics and ad optimization.

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**Current Movie Production Pipeline and Original IP**

The pipeline emphasizes high-production-value formats with long-term cultural and ownership scalability. Select projects benefit from Launchrr's modules for production milestone tracking, budget monitoring, deliverables management (masters, trailers, posters, closed captions), and secure cloud storage. The Company also explores blockchain elements for transparent profit-sharing and fan engagement in certain initiatives.

**Launchrr Aggregator – Core Product**

Launchrr is IQI Media's flagship SaaS platform and cloud-based content distribution solution (branded under MaiContent Inc. infrastructure), purpose-built as an aggregator and operating system for the global media supply chain. It functions as a predictive AI tool that simplifies and modernizes content distribution, revenue management, and monetization for filmmakers, copyright owners, sales agents, industrial distributors, publishers, and equity producers.

Key Features and Capabilities (as of the latest development stage described in company materials):

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| Single Submission Workflow: One upload and metadata entry for distribution to multiple major streaming platforms via direct API integrations, eliminating repetitive encoding, formatting, and portal submissions. |
| Asset Management: Secure centralized storage and Uniform Resource Locator ("URL") based sharing of film masters, trailers, posters, closed captions, and other deliverables. |
| Global Distribution Engine: Connects content to platforms including Amazon Prime Video, YouTube/Google TV, Roku, and others, with ongoing expansions for FAST/ Advertising Video On Demand ("AVOD") channels. |
| Real-Time Revenue Tracing & Residuals Engine: Tracks box office, streaming royalties, ad revenue, territorial licensing, and merchandise at the per-title level. Automatically calculates guild residuals (e.g., Screen Actors Guild – American Federation of Television and Radio Artists ("SAG-AFTRA"), Writers Guild of America ("WGA")) and integrates with payroll systems where APIs allow. |
| Ads Metric Integration & Social P&A: Built-in targeted social advertising with performance tracking and revenue sharing. Deeper integrations target Amazon Advertising ("Ads") API ecosystem (Sponsored Brands, Display, Demand-Side Platform ("DSP")) for programmatic optimization and ROAS improvement. |
| Predictive AI & Valuation: Original IP Intelligence Engine provides Greenlight Scores, revenue projections (P10/P50/P90), audience demand curves, and optimal release windows. Integration with prediction market signals (e.g., concepts similar to Kalshi-style markets) for market-validated valuations and risk hedging. |
| Blockchain Enhancements: Decentralized copyright protection, immutable ledgers for IP rights, and Token-as-a-Service elements for transparency and fan/community participation. |
| Revenue Dashboard: Unified view of lifetime earnings, territorial performance, ad attribution, guild payments, and predictive forecasts. |

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Development Status: Launchrr has progressed through Beta 1.3 with production endpoints live. Version 2.0 development focuses on expanded API integrations (including Amazon Ads DSP authorization), predictive trading layers, and enterprise capabilities. The platform is positioned for broader market entry, with a private equity/IPO pathway targeted in company planning materials.

Launchrr directly addresses industry challenges such as revenue leakage, delayed residuals reporting, fragmented submissions, and lack of transparent performance data—issues exacerbated by the streaming wars, guild strikes, and collapsing theatrical-to-streaming windows.

**Strategic Positioning**

As a Winvest Group subsidiary, IQI Media benefits from the parent's investment holding structure and media/entertainment portfolio focus. The Company's technology-first approach, anchored by the 3 Edges Method and Launchrr, positions it to capture value in the rapidly growing Over-The-Top ("OTT")/streaming market while supporting traditional stakeholders (theaters, distributors, buyers) with enhanced data and tools.

**Forward-Looking Caution** 

Descriptions of planned features, integrations, revenue models, timelines (including Beta/Version 2.0 and IPO considerations), and financial projections are based on current internal plans and market assumptions. Actual results may differ materially due to development risks, regulatory factors (including CFTC considerations for prediction markets), platform adoption, competitive landscape, and broader industry dynamics.

**BB**

Billie Black Production LLC (hereafter called "BB"), is a subsidiary of IQI, established on October 1, 2024, and located in Wyoming, United States. The company was primarily formed to focus on media and film production activities. However, the company ceased operations in the first quarter of 2025 due to the cancellation of the film project that was originally planned to be produced through BB. Subsequently, BB was formally dissolved and its registration in the state records was terminated on August 12, 2025.

**Competition**

We will face substantial competition in our efforts to identify and pursue a business venture. The primary source of competition is expected to be from other companies originated directly or indirectly, for similar purposes and from companies that provide content generation, distribution, or partnership with some of these largest media conglomerates. Such industry's competition is intensifying, and not every business can or will survive under current conditions. This is because an increasing number of companies are entering and competing in the market for media products and services. All of these characteristics are mirrored in content marketing. Numerous businesses maintain blogs, invest a substantial amount of money in marketing, and use content to attract clients. Businesses who fail to develop competitive content may not be able to survive on the market, as potential customers may turn to competitors.

**Intellectual Property**

The Company does not currently own any material patents, trademarks, copyrights, or other intellectual property and does not rely on proprietary rights for its operations.

**Employees**

As of December 31, 2025, WNLV, TCG and IQI currently have an aggregate of 3 employees. We anticipate hiring additional employees in the next twelve months. We anticipate hiring necessary personnel based on an as needed basis.

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**Corporate History**

Winvest Group Ltd. (the "Company") changed its name from Zyrox Mining International, Inc. on December 17, 2021. The Company (formerly Diversified Energy & Fuel, Inc. until August 15, 2012) was incorporated in the State of Nevada on June 3, 2009. The Company began formal operations on June 3, 2009, with the principal purpose of developing, marketing, and selling software products through the Internet, and to provide web-based services for individuals and small business.

Our limited start-up operations have consisted of the formation of our business plan and identification of our target market. We will require the funds from this offering in order to fully implement our business plan as discussed in the "Plan of Operation" section. During the period from November 2012 through April 2020, the Company was dormant.

The Company's accounting year-end is December 31.

On April 14, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company's Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary and a Director.

On April 14, 2021, Mr. Wan Nyuk Ming consented to act as the new Chairman and a member of the Board of Directors of the Company; Mr. Ng Chian Yin consented to act as Managing Director (MD) and a member of the Board of Directors of the Company; Mr. Jeffrey Wong Kah Mun consented to act as the new Chief Executive Officer (CEO) and a member of the Board of Directors of the Company.

Finally, also on April 14, 2021, Ms. Tham Yee Wen was appointed as Secretary and Chief Operating Officer (COO) of the Company; Ms. Boo Shi Huey was appointed as Treasurer of the Company.

On September 14, 2021, The Board of Directors of Zyrox Mining International, Inc. voted to change the Company's fiscal year end from May 31st to December 31st in order to align it with its intended acquisition target. The Board of Directors of the Company approved this change on September 14, 2021.

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On December 29, 2021, FINRA declared the latest name change and a 1 for 250 reverse stock split went effective. Also on December 29, 2021, the Company was informed by FINRA that the Company's ticker symbol would be changed to WNLV.

On May 16, 2022, Winvest Group Ltd. ("WNLV," or the "Company") entered into a share exchange agreement (the "Share Exchange Agreement") with The Catalyst Group Entertainment, LLC ("TCG"), a Delaware corporation, Joseph S. Lanius ("Lanius"), Nicholas D. Burnett ("Burnett"), and Khiow Hui, Lim ("Khiow," "Burnett," and together with Lanius, the "TCG Shareholders"), the sole officers, directors, and shareholders of TCG, IQI Media, Inc. ("IQI"), a California corporation, Khiow, Lanius, Charlene Logan Kelly ("Kelly"), Burnett, Connie Tsai ("Tsai"), and Amy Morton ("Morton"), as the officers, directors and shareholders of IQI (the "IQI Shareholders"). Under the Share Exchange Agreement, One Hundred Percent (100%) of the ownership interest of TCG and IQI was exchanged for 900,000 shares of common stock of the Company at the Closing issued to the TCG Shareholders and the IQI Shareholders. The transaction has been accounted for as a recapitalization of the Company, whereby WNLV is the accounting acquirer.

On May 25, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") appointed Khiow Hui, Lim as the Corporation's Chief Strategic Officer and Charlene Logan Kelly as the Corporation's Chief Intellectual Officer.

On June 13, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") appointed Khiow Hui, Lim to the Corporation's Board of Directors.

On June 29, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") accepted the resignation of Tham Yee Wen as the Company's Secretary. Also, on June 29, 2022, the Board of Directors of the Company appointed Khiow Hui, Lim as the Company's Secretary.

On July 31, 2025, the Company has received the formal written notice from Ms. Charlene Logan Kelly confirming her resignation from the position of Chief Intellectual Officer (CIO), effective as of June 28, 2025. Ms. Logan Kelly's resignation was not due to any disagreement with the Company on any matter relating to its operations, policies, or practices.

On January 27, 2026, Wan Nyuk Ming resigned from his positions as Chairman of the Board and Director of Winvest Group Ltd., and Ng Chian Yin resigned from his position as Director of Winvest Group Ltd., each for personal reasons. The resignations were not the result of any disagreement with the Company, its management, or the Board regarding the Company's operations, policies, or practices.

On January 27, 2026, the Board of Directors of Winvest Group Ltd. appointed Khiow Hui Lim as Chairman of the Board, effective immediately. Ms. Khiow Hui Lim will serve as Chairman in addition to her existing role as a director of the Company.

**Available Information**

We maintain a website at www. https://www.winvestgroup.co. The information on the Company's website is not incorporated herein by reference. The Company will make available, free of charge on its website, the most recent annual report on Form 10-K and subsequently filed quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after the Company files such material with, or furnishes it to, the SEC.

The public may also read and copy any materials the Company files with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington, DC 20549 or by calling the SEC at 1-800-SEC-0330. The SEC maintains, free of charge, an Internet site (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.

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**ITEM 1A. RISK FACTORS**

*Investment in our securities involves a number of substantial risks. You should not invest in our securities unless you are able to bear the complete loss of your investment. In addition to the risks and investment considerations discussed elsewhere in this Annual Report on Form 10-K, the following factors should be carefully considered by anyone purchasing our securities. The risks and uncertainties described below are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial also may impair our business operations. If any of the following risks actually occur, our business could be harmed.*

**Risks Related to Our Business and Industry**

***We have a limited operating history.***

We have had limited recent operating history. We will, in all likelihood, sustain operating expenses without corresponding revenues, at least for the foreseeable future. We can make no assurances that we will be able to effectuate our strategies or otherwise to generate sufficient revenue to continue operations.

During the year ended December 31, 2025, the Company's aggregate total revenue was $78,426, and had a net loss of $15,044,666.

Our estimates of capital, personnel, equipment, and facilities required for our proposed operations are based on certain other existing businesses operating under projected business conditions and plans. We believe that our estimates are reasonable, but it is not possible to determine the accuracy of such estimates at this point. In formulating our business plan, we have relied on the judgment of our officers and directors and their experience in developing businesses. We can make no assurances that we will be able to obtain sufficient financing or successfully implement the business plan we have devised. Further, even with sufficient financing, there can be no assurance that we will be able to operate our business on a profitable basis. We can make no assurances that our projected business plan will be realized or that any of our assumptions will prove to be correct.

We are subject to a variety of possible risks that could adversely impact our revenues, results of operations or financial condition. Some of these risks relate to general economic and financial conditions, while others are more specific to us and the industry in which we operate. The following factors set out potential risks we have identified that could adversely affect us. The risks described below may not be the only risks we face. Additional risks that we do not yet know of, or that we currently think are immaterial, could also have a negative impact on our business operations or financial condition. See also *Statement Regarding Forward-Looking Disclosure*.

***Since our auditor has issued a going concern opinion regarding the Company, there is an increased risk associated with an investment in the Company.***

We have earned an aggregate of $78,426 in revenue since January 1, 2025. The Company has incurred operating losses since its inception. As of December 31, 2025, the Company had an accumulated deficit of $120,846,266 and working capital deficit of $1,487,897. We expect to continue to incur additional losses in the foreseeable future as a result of our film production activities. Our future is dependent upon our ability to obtain financing or upon future profitable operations. We reserve the right to seek additional funds through private placements of our Common Stock and/or through debt financing. Our ability to raise additional financing is unknown. We do not have any formal commitments or arrangements for the advancement or loan of funds. If we are unable to secure additional financing in the future on acceptable terms, or at all, we could be forced to reduce or discontinue film development, reduce or forego sales and marketing efforts, and forego attractive business opportunities in order to improve liquidity to enable the Company to continue its operations. There are also risks and uncertainties inherent to the film industry including the highly speculative nature of the industry, intense competition, the lack of industry experience of the stockholders of the Company. For these reasons, our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern. As a result, there is an increased risk that you could lose the entire amount of your investment in the Company.

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***We may not be able to obtain additional funding to meet our requirements.***

Our ability to maintain and expand our development and production of feature films to cover our general and administrative expenses depends upon our ability to obtain financing through equity financing, debt financing (including credit facilities) or the sale or syndication of some or all of our interests in certain projects or other assets. If our access to existing credit facilities is not available, and if other funding does not become available, there could be a material adverse effect on our business.

***Our success depends on our personnel. Loss of key personnel may adversely affect our business.***

Our success depends to a significant extent on the performance of our management personnel. In particular, we will depend on the services of such personnel as Khiow Hui, Lim, the co-founders and executive producers of both TCG and IQI. The loss of the services of key persons could have a material adverse effect on the Company's business, operating results and financial condition. We will also be dependent on the officers and directors of WNLV to raise the required capital to fund the projects of IQI and TCG. Failure to do so would hinder the Company's ability to grow.

***Budget overruns may adversely affect our business.***

Actual motion picture costs may exceed their budget, sometimes significantly. Risks such as labor disputes, death or disability of star performers, rapid high technology changes relating to special effects or other aspects of production, shortages of necessary equipment, damage to film negatives, master tapes and recordings or adverse weather conditions may cause cost overruns and delay or frustrate completion of a production. If a film incurs substantial budget overruns, we may have to seek additional financing from outside sources to complete production of a motion picture. No assurance can be given as to the availability of such financing on terms acceptable to us. In addition, if a film incurs substantial budget overruns, there can be no assurance that such costs will be recouped, which could have a significant impact on our business, results of operations or financial condition.

***Distributors' failure to promote our programs may adversely affect our business.***

Decisions regarding the timing of release and promotional support of our films are important in determining the success of feature film. As with most production companies, for our product distributed by others we do not control the manner in which our distributors distribute our television programs or feature films. Although our distributors have a financial interest in the success of any such feature films, any decision by our distributors not to distribute or promote one of feature films or to promote competitors' feature films to a greater extent than it promotes ours could have a material adverse effect on our business, results of operations or financial condition.

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***We may not be able to compete with larger sales contract companies, the majority of whom have greater resources and experience than we do.***

***Our lack of diversification may make us vulnerable to oversupplies in the market.***

Most of the major U.S. film studios are part of large diversified corporate groups with a variety of other operations, including television networks and cable channels, which can provide both means of distributing their products and stable sources of earnings that offset fluctuations in the financial performance of their motion picture and television operations. The number of films released by our competitors, particularly the major U.S. film studios, in any given period may create an oversupply of product in the market, and that may reduce our share of gross box-office admissions and make it more difficult for our films to succeed.

***Our operating results depend on product costs, public tastes and promotion success.***

We expect to generate our future revenue from the development and production of feature films, limited series, feature documentary and animation series. Our future revenues will depend upon the timing and the level of market acceptance of our feature films, as well as upon the cost to produce, distribute and promote these content development. The revenues derived from the production of a feature film depend primarily on the feature film's acceptance by the public, which cannot be predicted and does not necessarily bear a direct correlation to the production costs incurred. Our Company currently has no revenue or material market following. The commercial success of a feature film also depends upon promotion and marketing and certain other factors. Accordingly, our revenues are, and will continue to be, extremely difficult to forecast.

***Our business could be adversely impacted if we are unable to protect our intellectual property rights.***

Our ability to compete depends, in part, upon successful protection of our intellectual property. We do not have the financial resources to protect our rights to the same extent as major studios. We will attempt to protect proprietary and intellectual property rights to our production through available copyright and trademark laws and licensing and distribution arrangements with reputable international companies in specific territories and media for limited durations. Despite these precautions, existing copyright and trademark laws afford only limited practical protection in certain countries. As a result, it may be possible for unauthorized third parties to copy and distribute our productions or certain portions or applications of our intended productions, which could have a material adverse effect on our business, results of operations and financial condition.

Litigation may also be necessary in the future to enforce our intellectual property rights, to protect our movie rights, or to determine the validity and scope of the proprietary rights of others or to defend against claims of infringement or invalidity. Any such litigation could result in substantial costs and the diversion of resources and could have a material adverse effect on our business, results of operations and financial condition. We cannot assure you that infringement or invalidity claims will not materially adversely affect our business, results of operations and financial condition. Regardless of the validity or the success of the assertion of these claims, we could incur significant costs and diversion of resources in enforcing our intellectual property rights or in defending against such claims, which could have a material adverse effect on our business, results of operations and financial condition.

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***If we fail to maintain effective internal controls over financial reporting, we may be subject to litigation and/or costly remediation and the price of our Common Stock may be adversely affected.***

Failure to establish the required internal controls or procedures over financial reporting, or any failure of those controls or procedures once established, could adversely impact our public disclosures regarding our business, financial condition or results of operations. Upon review of the required internal control over financial reporting and disclosure controls and procedures, our management and/or our auditors may identify material weaknesses and/or significant deficiencies that need to be addressed. Any actual or perceived weaknesses or conditions that need to be addressed in our internal control over financial reporting, disclosure of management's assessment of its internal control over financial reporting or disclosure of our public accounting firm's attestation to or report on management's assessment of our internal control over financial reporting could adversely impact the price of our Common Stock and may lead to claims against us.

***Geopolitical Conflicts, Global Economic Instability and Rising Operating Costs May Adversely Affect Our Business and Results of Operations***

The Company may be adversely affected by geopolitical conflicts, global economic instability, and other international unrest, including conflicts in the Middle East and other regions. Such events may lead to increases in fuel, transportation, production, and other operating costs, as well as broader inflationary pressures and disruptions affecting the entertainment and media industry. These factors could increase the Company's operating expenses and negatively impact its business operations, financial condition, and results of operations.

***<u>Risks Related to our Common Stock</u>***

***The OTC and share value.***

Our Common Stock trades over the counter, which may deprive stockholders of the full value of their shares. Our stock is quoted via the Over-The-Counter ("OTC") OTCQB under the ticker symbol "WNLV". Therefore, our Common Stock is expected to have fewer market makers, lower trading volumes, and larger spreads between bid and asked prices than securities listed on an exchange such as the New York Stock Exchange or the NASDAQ Stock Market. These factors may result in higher price volatility and less market liquidity for our Common Stock.

***Low market price***

A low market price would severely limit the potential market for our Common Stock. Our Common Stock is expected to trade at a price substantially below $5.00 per share, subjecting trading in the stock to certain Commission rules requiring additional disclosures by broker-dealers. These rules generally apply to any non-NASDAQ equity security that has a market price share of less than $5.00 per share, subject to certain exceptions (a "penny stock"). Such rules require the delivery, prior to any penny stock transaction, of a disclosure schedule explaining the penny stock market and the risks associated therewith and impose various sales practice requirements on broker-dealers who sell penny stocks to persons other than established customers and institutional or wealthy investors. For these types of transactions, the broker-dealer must make a special suitability determination for the purchaser and have received the purchaser's written consent to the transaction prior to the sale. The broker-dealer also must disclose the commissions payable to the broker-dealer, current bid and offer quotations for the penny stock and, if the broker-dealer is the sole market maker, the broker-dealer must disclose this fact and the broker-dealer's presumed control over the market. Such information must be provided to the customer orally or in writing before or with the written confirmation of trade sent to the customer. Monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks. The additional burdens imposed upon broker-dealers by such requirements could discourage broker-dealers from effecting transactions in our Common Stock.

***Lack of market and state blue sky laws***

Investors may have difficulty in reselling their shares due to the lack of market or state Blue Sky laws. The holders of our shares of Common Stock and persons who desire to purchase them in any trading market that might develop in the future should be aware that there may be significant state law restrictions upon the ability of investors to resell our shares. Accordingly, even if we are successful in having the shares available for trading on the OTC, investors should consider any secondary market for our securities to be a limited one. We intend to seek coverage and publication of information regarding our Company in an accepted publication which permits a "manual exemption." This manual exemption permits a security to be distributed in a particular state without being registered if the company issuing the security has a listing for that security in a securities manual recognized by the state. However, it is not enough for the security to be listed in a recognized manual. The listing entry must contain (1) the names of issuers, officers, and directors, (2) an issuer's balance sheet, and (3) a profit and loss statement for either the fiscal year preceding the balance sheet or for the most recent fiscal year of operations. We may not be able to secure a listing containing all of this information. Furthermore, the manual exemption is a non-issuer exemption restricted to secondary trading transactions, making it unavailable for issuers selling newly issued securities. Most of the accepted manuals are those published in Standard and Poor's, Moody's Investor Service, Fitch's Investment Service, and Best's Insurance Reports, and many states expressly recognize these manuals. A smaller number of states declare that they "recognize securities manuals" but do not specify the recognized manuals. The following states do not have any provisions and therefore do not expressly recognize the manual exemption: Alabama, Georgia, Illinois, Kentucky, Louisiana, Montana, South Dakota, Tennessee, Vermont, and Wisconsin.

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***Penny stock regulations***

We will be subject to penny stock regulations and restrictions and you may have difficulty selling shares of our Common Stock. The Commission has adopted regulations which generally define so-called "penny stocks" to be an equity security that has a market price less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exemptions. We anticipate that our Common Stock will become a "penny stock", and we will become subject to Rule 15g-9 under the Exchange Act, or the "Penny Stock Rule". This rule imposes additional sales practice requirements on broker-dealers that sell such securities to persons other than established customers. For transactions covered by Rule 15g-9, a broker-dealer must make a special suitability determination for the purchaser and have received the purchaser's written consent to the transaction prior to sale. As a result, this rule may affect the ability of broker-dealers to sell our securities and may affect the ability of purchasers to sell any of our securities in the secondary market.

For any transaction involving a penny stock, unless exempt, the rules require delivery, prior to any transaction in a penny stock, of a disclosure schedule prepared by the Commission relating to the penny stock market. Disclosure is also required to be made about sales commissions payable to both the broker-dealer and the registered representative and current quotations for the securities. Finally, monthly statements are required to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stock.

We do not anticipate that our Common Stock will qualify for exemption from the Penny Stock Rule. In any event, even if our Common Stock were exempt from the Penny Stock Rule, we would remain subject to Section 15(b)(6) of the Exchange Act, which gives the Commission the authority to restrict any person from participating in a distribution of penny stock, if the Commission finds that such a restriction would be in the public interest.

***Rule 144 Risks***

Sales of our Common Stock under Rule 144 could reduce the price of our stock. There are 87,308,053 issued and outstanding shares of our Common Stock held by affiliates that Rule 144 of the Securities Act defines as restricted securities.

These shares will be subject to the resale restrictions of Rule 144, should we hereinafter cease being deemed a "shell company". In general, persons holding restricted securities, including affiliates, must hold their shares for a period of at least six months, may not sell more than 1.0% of the total issued and outstanding shares in any 90-day period, and must resell the shares in an unsolicited brokerage transaction at the market price. The availability for sale of substantial amounts of Common Stock under Rule 144 could reduce prevailing market prices for our securities.

***No audit or compensation committee***

Because we do not have an audit or compensation committee, stockholders will have to rely on our entire Board of Directors, none of which are independent, to perform these functions. We do not have an audit or compensation committee comprised of independent directors. Indeed, we do not have any audit or compensation committee. These functions are performed by our Board of Directors as a whole. No members of our Board of Directors are independent directors. Thus, there is a potential conflict in that Board members who are also part of management will participate in discussions concerning management compensation and audit issues that may affect management decisions.

***Security laws exposure***

We are subject to compliance with securities laws, which exposes us to potential liabilities, including potential rescission rights. We may offer to sell our shares of our Common Stock to investors pursuant to certain exemptions from the registration requirements of the Securities Act, as well as those of various state securities laws. The basis for relying on such exemptions is factual; that is, the applicability of such exemptions depends upon our conduct and that of those persons contacting prospective investors and making the offering. We may not seek any legal opinion to the effect that any such offering would be exempt from registration under any federal or state law. Instead, we may elect to relay upon the operative facts as the basis for such exemption, including information provided by investor themselves.

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If any such offering did not qualify for such exemption, an investor would have the right to rescind its purchase of the securities if it so desired. It is possible that if an investor should seek rescission, such investor would succeed. A similar situation prevails under state law in those states where the securities may be offered without registration in reliance on the partial pre-emption from the registration or qualification provisions of such state statutes under the National Securities Markets Improvement Act of 1996. If investors were successful in seeking rescission, we would face severe financial demands that could adversely affect our business and operations. Additionally, if we did not in fact qualify for the exemptions upon which we have relied, we may become subject to significant fines and penalties imposed by the Commission and state securities agencies.

***No cash dividends***

Because we do not intend to pay any cash dividends on our Common Stock, our stockholders will not be able to receive a return on their shares unless they sell them. We intend to retain any future earnings to finance the development and expansion of our business. We do not anticipate paying any cash dividends on shares of our Common Stock in the foreseeable future. Unless we pay dividends, our stockholders will not be able to receive a return on their shares unless they sell them. There is no assurance that stockholders will be able to sell shares of our Common Stock when desired.

***We cannot assure you that a market will develop for our Common Stock or what the market price of our Common Stock will be.***

There is a limited trading market for our Common Stock. There is no assurance that an active market for our Common Stock will develop as a result of our operation of the businesses of TCG and IQI even if we are successful. If a market does not develop or is not sustained, it may be difficult for you to sell your shares of Common Stock at an attractive price or at all. We cannot predict the prices at which our Common Stock will trade. It is possible that, in future quarters, our operating results may be below the expectations of securities analysts or investors. As a result of these and other factors, the price of our Common Stock may decline or may never become liquid.

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***<u>Risks Related to Industry</u>***

***Success depends on external factors in the film industry.***

Operating in the film production industry involves a substantial degree of risk. Each motion picture is a unique piece of art that depends on unpredictable audience reaction to determine commercial success. There can be no assurance that our feature films will be favorably received.

***Technological advances may reduce demand for films.***

The entertainment industry in general, and the motion picture industry in particular, are continuing to undergo significant changes, primarily due to technological developments. Because of this rapid growth of technology, shifting consumer tastes and the popularity and availability of other forms of entertainment, it is impossible to predict the overall effect these factors will have on the potential revenue from and profitability of feature-length motion pictures.

***A decline in the popularity of entertainment, film and leisure activities could adversely impact our business.***

Because our operations are affected by general economic conditions and consumer tastes, our future success is unpredictable. The demand for entertainment, film and leisure activities tends to be highly sensitive to consumers' disposable incomes, and thus a decline in general economic conditions could, in turn, have a material adverse effect on our business, operating results and financial condition and the price of our Common Stock.

Public tastes are unpredictable and subject to change and may be affected by changes in the country's political and social climate. A change in public tastes could have a material adverse effect on our business, operating results and financial condition and the price of our Common Stock.

***A decline in general economic conditions could adversely affect our business.***

Our operations are affected by general economic conditions, which generally may affect consumers' disposable income. The demand for entertainment and leisure activities tends to be highly sensitive to the level of consumers' disposable income. A decline in general economic conditions could reduce the level of discretionary income that our fans and potential fans have to spend on our live and televised entertainment and consumer products, which could adversely affect our revenues.

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**ITEM 1B. UNRESOLVED STAFF COMMENTS**

None.

**ITEM 1C. CYBERSECURITY**

The Company maintains processes for assessing, identifying, and managing material risks from cybersecurity threats as part of its overall enterprise risk management framework. These processes are applied to information systems supporting the registrant's Contech AI studio operations, technology platform, and intellectual property development activities. Risk assessment and identification occur through continuous internal monitoring of network infrastructure, access controls, and data assets by designated management personnel responsible for cybersecurity oversight. Mitigation measures include implementation of technical controls, policy enforcement, and periodic reviews aligned with operational requirements and business objectives. The registrant has not engaged third-party service providers for independent cybersecurity evaluations as of the reporting date; risk evaluation is conducted internally by management with responsibility assigned to the executive team overseeing compliance and information technology functions. Ongoing monitoring of cybersecurity risks is performed by this management group through regular internal assessments and alignment with the registrant's risk management program.

The Company recognizes the dynamic nature of cybersecurity threats and incorporates risk management into decision-making processes at all organizational levels. To address third-party service provider risks, the registrant conducts security assessments prior to engagement and maintains continuous oversight to ensure compliance with internal cybersecurity standards. Quarterly reviews by management and evaluation by internal security resources are utilized where applicable.

As of December 31, 2025, the Company has not identified any cybersecurity threats, including previous incidents, that have materially impacted our business strategy, results of operations, or financial condition. This assertion signifies our diligent efforts in managing and mitigating cybersecurity risks, contributing to the stability and continuity of our operations.

**ITEM 2. PROPERTIES**

Our mailing address is 50 West Liberty Street Suite 880, Reno NV 89501. The Company's wholly owned subsidiary, IQI's, monthly month-to-month leased office address is 1055 East Colorado Boulevard, Suite 500, Pasadena, California 91106, United States. The monthly fees are $1,129 until February 29, 2024 and increased to $2,160 per month for IQI.

**ITEM 3. LEGAL PROCEEDINGS**

The Company is not presently a party to any legal proceedings. We may from time to time be involved in various claims and legal proceedings of a nature we believe are normal and incidental to the entertainment finance and production business. These matters may include intellectual property, employment and other general claims. We accrue for contingent liabilities when it is probable that a liability has been incurred and the amount can be reasonably estimated. Regardless of outcome, litigation can have an adverse impact on us because defense and settlement costs, diversion of management resources and other factors.

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During the past ten years no current or incoming director, executive officer, promoter, or control person of the Company has been involved in the following:

(1) A petition under the Federal bankruptcy laws or any state insolvency law which was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;

(2) Such person was convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding traffic violations and other minor offenses);

(3) Such person was the subject of any order, judgment, or decree, not subsequently reversed, suspended, or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him from, or otherwise limiting, the following activities:

i. Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person of any of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing any conduct or practice in connection with such activity;

ii. Engaging in any type of business practice; or

iii. Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of Federal or State securities laws or Federal commodities laws;

(4) Such person was the subject of any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described in paragraph (f)(3)(i) of this section, or to be associated with persons engaged in any such activity;

(5) Such person was found by a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;

(6) Such person was found by a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;

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(7) Such person was the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an alleged violation of:

i. Any Federal or State securities or commodities law or regulation; Or

ii. Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease and desist order, or removal or prohibition order; Or

iii. Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; Or

(8) Such person was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

**ITEM 4. MINE SAFETY DISCLOSURES**

Not applicable.

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**PART II**

**ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES**

***Market Information***

Our common stock is quoted on the OTCQB tier of the OTC Markets Group under the symbol, "WNLV." The OTC Market is a computer network that provides information on current "bids" and "asks," as well as volume information.

The following table sets forth the range of high and low closing bid quotations for our common stock for each of the periods indicated as reported by the OTC Markets. These quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.

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| **2025** | **High** | **Low** |
| First Quarter (January 1 – March 31) | $0.75 | $0.06 |
| Second Quarter (April 1 – June 30) | 0.55 | 0.15 |
| Third Quarter (July 1 – September 30) | 0.30 | 0.06 |
| Fourth Quarter (October 1 – December 31) | 0.06 | 0.002 |
| **2024** |  |  |
| First Quarter (January 1 – March 31) | $8.92 | $0.51 |
| Second Quarter (April 1 – June 30) | 1.95 | 0.18 |
| Third Quarter (July 1 – September 30) | 1.32 | 0.37 |
| Fourth Quarter (October 1 – December 31) | 0.84 | 0.06 |

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***Holders***

On May 1, 2026 the closing bid price of our common stock as reported on the OTCQB was $0.0029 and there were approximately 206 shareholders of record. The number of record holders does not include beneficial owners of common stock whose shares are held in the names of banks, brokers, nominees, or other fiduciaries.

***Dividends***

We have not declared any dividends since inception and we do not anticipate paying any dividends in the foreseeable future on our common stock. The payment of dividends is within the discretion of the Board of Directors and will depend on our earnings, capital requirements, financial condition, and other relevant factors. There are no restrictions that currently limit our ability to pay dividends on our common stock other than those generally imposed by applicable state law.

***Securities Authorized for Issuance Under Equity Compensation Plans***

None.

***Recent Issuances and Sales of Unregistered Securities***

During the year ended December 31, 2025, the Company recorded the issuances of unregistered securities of an aggregate of 1,625,208 shares of common stock of the Company to the parties listed below.

1. XU SHU QIN & HUANG XUEFENG

2. VINCENT CHUEN LAU

3. CHARLENE LOGAN

4. 1800 Diagonal Lending LLC

The above issuances and sales were made pursuant to an exemption from registration as set forth in Rule 506 of Regulation D and Section 4(a)(2) of the Securities Act.

**ITEM 6. [RESERVED]**

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**ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

*The following discussion and analysis of the financial condition and results of operations of Winvest Group Ltd. (the "Company" or "Winvest") should be read in conjunction with our consolidated financial statements and the accompanying notes thereto included elsewhere in this Annual Report on Form 10-K. References in this Management's Discussion and Analysis of Financial Condition and Results of Operations to "us," "we," "our," and similar terms refer to the Company. This Annual Report on Form 10-K includes forward-looking statements, as that term is defined in the federal securities laws, based upon current expectations that involve risks and uncertainties, such as plans, objectives, expectations and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of a number of factors. Words such as "anticipate," "estimate," "plan," "continuing," "ongoing," "expect," "believe," "intend," "may," "will," "should," "could," and similar expressions are used to identify forward-looking statements. We caution you that these statements are not guarantees of future performance or events and are subject to a number of uncertainties, risks and other influences, many of which are beyond our control, which may influence the accuracy of the statements and the projections upon which the statements are based. Reference is made to "Risk Factors," which are included elsewhere in this Annual Report on Form 10-K.*

**Overview**

***Business Overview***

Winvest Group Ltd. (the "Company") changed its name from Zyrox Mining International, Inc. on December 17, 2021. The Company (formerly Diversified Energy & Fuel, Inc. until August 15, 2012) was incorporated in the State of Nevada on June 3, 2009. The Company began formal operations on June 3, 2009, with the principal purpose of developing, marketing, and selling software products through the Internet, and to provide web-based services for individuals and small business. During 2010, this business was discontinued and management focused on developing a biodegradable plastic opportunity.

The Company began trading as Riverdale Capital, Ltd. under the symbol "RICP" on June 3, 2009.

On August 17, 2010, the then Chief Executive Officer resigned and appointed Carl H. Kruse as sole Director and Chief Executive Officer. Carl H. Kruse became the majority shareholder at that time by virtue of a Stock Purchase Agreement with the majority shareholder, resulting in a change of control of the Issuer.

On November 8, 2010, the Company entered into an agreement to acquire 100% of the Membership Interests of WSVPA Bio Products Incorporated, a Nevada LLC in consideration for 102,238,200 shares of common stock. After completion of their due diligence, WSPVA formally closed on the transaction on May 12, 2012. The Company subsequently received 500,000,000 Class "A" membership units and 1,000,000 Class "B" membership units representing 100% of the membership interest of WSPVA (dissolvingplastic.com) in return for 102,238,200 common shares of the Company and WSPVA is now a wholly owned subsidiary of the Company.

The Company finalized the acquisition of a biodegradable plastic manufacturer, WSPVA, Bio Products International, LLC, a Nevada LLC, on March 12, 2012 for 102,238,200 common shares, of which 98,984,744 had been issued in the prior fiscal year and recorded as Issuance of Common Shares for Donated Services, because of the uncertainty of completing the transaction. The Company now owns 100% of the equity interests in this wholly owned subsidiary. With the transaction now complete the market value of the shares on March 12, 2012 has been recorded as the purchase price for WSPVA.

Subsequently, WSPVA has been permanently revoked by the Nevada Secretary of State and no longer a subsidiary of the Company.

Effective April 30, 2012, the Company changed its name to Diversified Energy & Fuel International, Inc and changed its name to Zyrox Mining International, Inc. ("Zyrox") on August 15, 2012.

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During the period from November 2012 through April 2020, the Company was dormant.

David Lazar, the principal of Custodian Ventures, LLC conducted due diligence on the Company and determined that the Company would be a potential Custodianship candidate, based upon previous management appearing to have abandoned the Company approximately eleven years ago. Mr. Lazar then chose to buy shares of the Company on the open market and start a Custodianship proceeding.

On December 27, 2019, Custodian Ventures, LLC was appointed as the custodian of the Company by the Eighth Judicial Court of Nevada pursuant to Case No. A-19-805642-B.

On March 5, 2021, as a result of a private transaction, 300,000,000 shares of Series A Preferred Stock, $0.001 par value per share (the "Shares") of the Company, were transferred from Custodian Ventures, LLC (the "Seller") to Wan Nyuk Ming, Ng Chian Yin, and Jeffrey Wong Kah Mun, respectively, based on their ownership of Winvest Group Limited (Cayman) (collectively, the "Purchaser"). As a result, the Purchaser became an approximately 90% holder of the voting rights of the issued and outstanding share capital of the Company on a fully diluted basis of the Company and became the controlling shareholders. The consideration paid for the Shares was $700,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him and/or the Seller.

Other than as described below, there are no arrangements or understandings among both the former and new control persons and their associates with respect to the election of directors of the Company or other matters.

On April 14, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company's Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director.

On September 14, 2021, The Board of Directors of Zyrox Mining International, Inc. voted to change the company's fiscal year end from May 31<sup>st</sup> to December 31<sup>st</sup> in order to align it with its intended acquisition target. The Board of Directors of the Company approved this change on September 14, 2021. The change in fiscal year became effective for the company's 2021 fiscal year, which began June 1, 2021 and ended December 31, 2021.

On December 17, 2021, Zyrox Mining International, Inc. amended its articles of incorporation change its name to Winvest Group Ltd. (the "Name Change"). The change was made in anticipation of entering into a new line of business operations.

Also on December 17, 2021, Zyrox Mining International, Inc. amended its articles of incorporation to reverse split its common stock at a rate of 1 for 250 (the "Reverse").

On December 29, 2021, FINRA declared the Name Change and the Reverse effective. Also on December 29, 2021, the Company was informed by FINRA that the Company's ticker symbol would be changed to WNLV in twenty business days. The Company's stock symbol changed to WNLV on January 27, 2022.

On May 16, 2022, Winvest Group Ltd. ("WNLV," or the "Company") entered into a share exchange agreement (the "Share Exchange Agreement") with The Catalyst Group Entertainment, LLC ("TCG"), a California limited liability company, Joseph S. Lanius ("Lanius"), Nicholas D. Burnett ("Burnett") and Khiow Hui, Lim ("Khiow," "Burnett," and together with Lanius, the "TCG Shareholders"), the sole officers, directors, and shareholders of TCG, IQI Media Inc. ("IQI"), a California corporation, Khiow, Lanius, Charlene Logan Kelly ("Kelly"), Burnett, Connie Tsai ("Tsai"), and Amy Morton ("Morton"), as the officers, directors and shareholders of IQI (the "IQI Shareholders"). Under the Share Exchange Agreement, One Hundred Percent (100%) of the ownership interest of TCG and IQI was exchanged for 900,000 shares of common stock of the Company at the Closing issued to the TCG Shareholders and the IQI Shareholders. The transaction has been accounted for as a recapitalization of the Company, whereby WNLV is the accounting acquirer.

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Consequently, the Company has ceased to fall under the definition of shell company as define in Rule 12b-2 under the Exchange Act of 1934, as amended (the "Exchange Act") and TCG and IQI are now wholly owned subsidiaries.

On May 25, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") appointed Khiow Hui, Lim as the Corporation's Chief Strategic Officer and Charlene Logan Kelly as the Corporation's Chief Intellectual Officer.

On June 13, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") appointed Khiow Hui, Lim to the Corporation's Board of Directors.

On June 29, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") accepted the resignation of Tham Yee Wen as the Company's Secretary. Also, on June 29, 2022, the Board of Directors of the Company appointed Khiow Hui, Lim as the Company's Secretary.

On May 14, 2024, the Board of Directors of Winvest Group Ltd. (the "Company") accepted the resignation of Tham Yee Wen as the Company's Chief Operating Officer (COO). The Company is unaware of any disagreement causing Ms. Tham Yee Wen's resignation.

Billie Black Production LLC (hereafter called "BB"), is a subsidiary of IQI, established on October 1, 2024, and located in Wyoming, United States. The company was primarily formed to focus on media and film production activities. However, the company ceased operations in the first quarter of 2025 due to the cancellation of the film project that was originally planned to be produced through BB. Subsequently, BB was formally dissolved and its registration in the state records was terminated on August 12, 2025.

On July 31, 2025, the Company has received the formal written notice from Ms. Charlene Logan Kelly confirming her resignation from the position of Chief Intellectual Officer (CIO), effective as of June 28, 2025. Ms. Logan Kelly's resignation was not due to any disagreement with the Company on any matter relating to its operations, policies, or practices.

On January 27, 2026, Wan Nyuk Ming resigned from his positions as Chairman of the Board and Director of Winvest Group Ltd., and Ng Chian Yin resigned from his position as Director of Winvest Group Ltd., each for personal reasons. The resignations were not the result of any disagreement with the Company, its management, or the Board regarding the Company's operations, policies, or practices.

On January 27, 2026, the Board of Directors of Winvest Group Ltd. appointed Khiow Hui Lim as Chairman of the Board, effective immediately. Ms. Khiow Hui Lim will serve as Chairman in addition to her existing role as a director of the Company.

***TCG Business Overview***

TCG is a finance and production company for the media and entertainment sector located in the city of Beverly Hills, California, headed by Khiow Hui, Lim with over 25 years' experience in the film industry, encompassing film finance, production and distribution. In early 2025, TCG significantly scaled down its operations, and its bank accounts were formally closed in February 2026.

***TCG's intended focus is on opportunities comprised of global emerging film, television and media projects.***

Film 'packages' from studios, production companies and independent producers are continuously seeking funds from media financing companies such as The Catalyst Group Entertainment. These film packages usually are submitted with a fully developed script, director, primary cast, production schedules and a budget as well as a proposed finance plan.

TCG aims to finance projects from studios, production companies and independent producers with proven track records that consistently deliver projects on time and in accordance with approved budgets and production schedules.

While we have no existing agreements with any production or distribution entities, our founding members believe that current and anticipated market trends are ideal for the launch of a debt facility with industry veterans that have a strong background in financing and production and media technology. Our team has an excellent industry network of associates that have worked with film studios, globally known talent and packaging agencies, and management companies.

***IQI Business Overview***

IQI is a full-service content creation, film and advertising production company located in the City of Pasadena, California. Our producers' team are keen on managing all aspects of a multi-languages project throughout its life cycle from conception and strategy to design, development and delivery. IQI Media, Inc founded by Khiow Hui, Lim in August 2010, a native Malaysia born producer graduated from Wichita State University. She has been producing from small to large scale video, film productions for more than 20+ years.

The IQI production team is a true believer in post-covid "Filmmaking+" and "Cinema+" landscape.

When a movie or television show shoots on location, it brings jobs, revenue, and related infrastructure development, providing an immediate boost to the local economy.

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***Business Model***

IQI currently has the following programs and ConTech (Content Technology) in production pipeline:

(1) MaiContent Aggregator Solution Platform

(2) Original Content Development Slate + Producing Services

(3) Content Management Solution and Services

***Recent Developments***

There have been no material developments affecting the Company.

**Results of Operations for the Twelve Months Ended December 31, 2025, compared to the Twelve Months Ended December 31, 2024**

*Revenue*

Our revenues for the year ended December 31, 2025, were $78,426, as compared to revenues of $77,340 during the year ended December 31, 2024, representing a slight increase of $1,086, or approximately 1.4%.

The relatively stable revenue year-over-year was primarily attributable to the project-based nature of the Company's operations and continued customer concentration. In 2024, the Company's revenue was largely driven by a significant one-time engagement with a major customer.

Similarly, in 2025, revenue was also concentrated in a limited number of customers, with a significant portion derived from a major engagement with TEN ENTERTAINMENT CO, alongside additional services provided to BIOCALTH and a smaller engagement with ROUNDTABLE.

Overall, while the specific customers and engagements differed between the two periods, both years were characterized by reliance on a limited number of project-based transactions, resulting in relatively consistent total revenue.

*Cost of revenue*

Our cost of revenues for the year ended December 31, 2025, was $46,408, compared to $80,025 for the year ended December 31, 2024, representing a decrease of $33,617, or approximately 42%. The decrease in cost of revenues was primarily due to a reduction in the number of client projects undertaken during the current period.

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*Gross profit/(loss)*

Our gross profit for the year ended December 31, 2025, was $32,018, compared to gross loss of $2,685 for the year ended December 31, 2024, representing an improvement of $34,703. The improvement in gross profit was primarily attributable to changes in the cost structure of the Company's project-based engagements. In 2024, the Company incurred higher direct costs associated with certain service engagements, resulting in a gross loss. In contrast, in 2025, the Company achieved improved cost efficiency across its projects, leading to a positive gross profit.

*Operating expenses*

Our operating expenses were $608,859 for the year ended December 31, 2025, as compared to $760,298 for the year ended December 31, 2024. The operating expenses are mainly attributable to advertising expenses, audit fees, legal services fees, other professional fees, salary and stock compensation expense. The decrease in operating expenses was primarily attributable to a reduction in audit fees, which decreased significantly from $155,550 in 2024 to $54,000 in 2025.

*Other expenses, net*

Our other expenses, net for the year ended December 31, 2025, were $14,467,825, compared to $318,064 for the year ended December 31, 2024, representing an increase of $14,149,761. The increase in other expenses was primarily due to higher interest expense arising from the convertible notes and a loss on investment in the current year. The loss on investment was mainly attributable to the write-off of Infinity Fund Australia ("IFA") investment.

*Net loss*

As a result of the foregoing, we incurred a loss of $15,044,666 or $(0.14) per share for the year ended December 31, 2025, compared to a loss of $1,081,047 or $(0.004) per share for the year ended December 31, 2024.

**Liquidity and Capital Resources**

We had $44,072 in cash on hand as of December 31, 2025.

Management is actively implementing measures to address the working capital shortfall, including pursuing additional equity financing, continuing to manage operating costs prudently, and advancing the progress of film production project to generate future revenue streams. The Company believes that these initiatives, together with its ongoing efforts to expand business operations, will improve liquidity and support its ability to continue as a going concern.

Net cash used in operating activities for the year ended December 31, 2025, was $551,290 compared to $351,109 in net cash used for the year ended December 31, 2024. The increase in net cash used is primarily attributable to increase in net loss, derivative fair value change, increase in prepaid expenses, decrease in accrued liabilities and project advances contra by interest expense, loss on investment, bad debts and prepayment written off, share-based compensation to employee, contingencies and write-off of other receivable, increase in accounts payable.

Net cash provided by investing activities for the year ended December 31, 2025, was $0 compared to $262,018 for the year ended December 31, 2024 due to the increase in proceeds from sale of investment in year 2024.

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Net cash provided by financing activities was $413,840 for the year ended December 31, 2025, compared to $225,543 for the year ended December 31, 2024. The increase in 2025 compared to 2024 is primarily attributable to due to issuance of share capital and convertible promissory notes in 2025.

***Employees***

WNLV, TCG and IQI currently have an aggregate of 3 employees. We anticipate hiring additional employees in the next twelve months. We anticipate hiring necessary personnel based on an as needed basis.

**Off-Balance Sheet Arrangements**

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

**Critical Accounting Estimates**

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

The critical accounting estimates have been identified as follows:

<u>Convertible Promissory Notes</u>

Convertible Promissory Notes are categorized as equity or debt based on the terms of the notes and the guidance in ASC 480, Distinguishing Liabilities from Equity, and ASC 815, Derivatives and Hedging.

Convertible Notes that meet the criteria for equity classification (e.g., conversion into a fixed number of shares with no obligation to deliver cash) are recorded in equity at issuance. Instruments classified as equity are not subsequently remeasured, and no interest expense is recognized.

Convertible notes that include a contractual obligation to deliver cash or other financial assets, or that do not meet the criteria for equity classification, are recorded as debt. These notes are initially recognize at the principal amount, net of discounts and issuance costs in accordance with ASC 480-10-55-44 on the consolidated balance sheets, and fair value of embedded derivatives in accordance with ASC 815. The debt portion is subsequently measured at amortized cost using the effective interest method. Interest expense is recognized in the statement of operations.

The Company accounts for derivative financial instruments, including embedded derivatives, in accordance with Accounting Standards Codification (ASC) 815, Derivatives and Hedging. Under this guidance, the Company evaluates whether an embedded feature within a financial instrument is required to be accounted for separately as a derivative.

Embedded derivatives that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that are not eligible for the scope exceptions under ASC 815, are bifurcated from the host instrument and accounted for as separate derivative financial instruments. These derivatives are recognized as either assets or liabilities on the balance sheet and are measured at fair value, with changes in fair value recognized in the consolidated statements of operations in the period in which they occur.

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*<u>Recent Accounting Pronouncements</u>*

Please refer to Note 2 to the consolidated financial statements included elsewhere in this Form 10-K for a discussion of recent accounting pronouncements.

**ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

Not applicable.

**ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA**

Reference is made to pages F-1 through F-15 comprising a portion of this Annual Report on Form 10-K.

**ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE**

Not applicable.

**ITEM 9A. CONTROLS AND PROCEDURES**

**Disclosure Controls and Procedures**

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Exchange Act as a process designed by, or under the supervision of, the company's principal executive and principal financial officers and effected by the company's board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America and includes those policies and procedures that:

· Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the company;

· Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and

· Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company's assets that could have a material effect on the financial statements.

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**Management's Report on Internal Control over Financial Reporting**

Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with accounting principles generally accepted in the United States. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance of achieving their control objectives. As a result, our management did not evaluate the effectiveness of our internal control over financial reporting as of December 31, 2025 based on the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO") in Internal Control-Integrated Framework (2013). Nevertheless, our management has evaluated and concluded that we did not maintain effective internal control over financial reporting as of December 31, 2025, based on the COSO framework criteria, as more fully described below. This was due to deficiencies that existed in the design or operation of our internal controls over financial reporting that adversely affected our internal controls and that may be considered to be material weaknesses.

<u>Identified Items That May be Material Weaknesses</u>

A material weakness in internal control over financial reporting is a control deficiency, or combination of control deficiencies, that results in more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected.

Management identified the following material weakness during its assessment of internal controls over financial reporting as of December 31, 2025.

We do not have adequate segregation of duties and effective risk assessment – Lack of segregation of duties and effective risk assessment may cause the Company to face the likelihood of fraud or theft, due to poor oversight, governance and review to detect errors.

Accordingly, the Company concluded that these control deficiencies resulted in a reasonable possibility that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis by the company's internal controls.

As a result of the material weaknesses described above, management has concluded that the Company did not maintain effective internal control over financial reporting as of December 31, 2025 based on criteria established in in COSO Internal Control - Integrated Framework (ICIF-2013).

<u>Management's Remediation Initiatives</u>

In an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we have initiated, or plan to initiate, the following series of measures:

1. We intend to add staff members to our management team to ensure that information required to be disclosed in our reports filed and submitted under the Exchange Act is recorded, processed, summarized and reported as and when required and will the staff members will have segregated responsibilities with regard to these responsibilities.

2. We plan to create a position to segregate duties consistent with control objectives and will increase our personnel resources and technical accounting expertise within the accounting function. The accounting personnel is responsible for reviewing the financing activities, facilitate the approval of the financing, record the information regarding the financing, and submit SEC filing related documents to our legal counsel in order to comply with the filing requirements of SEC.

To mitigate this weakness during the current fiscal year, the Company has engaged external outsourced accountants to assist with financial reporting and to provide an additional layer of professional oversight and review of the Company's accounting records and internal controls.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting that occurred during the periods ended December 31, 2025 and December 31, 2024, that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

**ITEM 9B. OTHER INFORMATION**

None.

**ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS**

Not applicable.

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**PART III**

**ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE**

Set forth below is certain information concerning the directors and executive officers of the Company.

On April 14, 2021, Mr. Wan Nyuk Ming was appointed Chairman of the Board of Directors, Mr. Ng Chian Yin was appointed MD of the Board of Directors, Mr. Jeffrey Wong Kah Mun was appointed Chief Executive Officer and a Director, Ms. Tham Yee Wen, was appointed Secretary cum COO, Ms. Boo Shi Huey was appointed Treasurer of the Company.

On May 25, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") appointed Khiow Hui, Lim as the Corporation's Chief Strategic Officer and Charlene Logan Kelly as the Corporation's Chief Intellectual Officer. On June 13, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") appointed Khiow Hui, Lim to the Corporation's Board of Directors. On June 29, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") accepted the resignation of Tham Yee Wen as the Company's Secretary. Also, on June 29, 2022, the Board of Directors of the Company appointed Khiow Hui, Lim as the Company's Secretary.

On July 31, 2025, the Company has received the formal written notice from Ms. Charlene Logan Kelly confirming her resignation from the position of Chief Intellectual Officer (CIO), effective as of June 28, 2025. Ms. Logan Kelly's resignation was not due to any disagreement with the Company on any matter relating to its operations, policies, or practices.

On January 27, 2026, Wan Nyuk Ming resigned from his positions as Chairman of the Board and Director of Winvest Group Ltd., and Ng Chian Yin resigned from his position as Director of Winvest Group Ltd., each for personal reasons. The resignations were not the result of any disagreement with the Company, its management, or the Board regarding the Company's operations, policies, or practices.

On January 27, 2026, the Board of Directors of Winvest Group Ltd. appointed Khiow Hui Lim as Chairman of the Board, effective immediately. Ms. Khiow Hui Lim will serve as Chairman in addition to her existing role as a director of the Company.

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| **Name** | **Age** | **Position(s)** |
| **Wan Nyuk Ming** | 56 | Former Chairman of the Board of Directors |
| **Ng Chian Yin** | 35 | Former MD of the Board of Directors |
| **Jeffrey Wong Kah Mun** | 46 | Chief Executive Officer, Chief Financial Officer and Director |
| **Khiow Hui, Lim** | 51 | Chairman of the Board, Director, Secretary and Chief Strategic Officer, Founder of IQI and Co-founder of TCG |
| **Boo Shi Huey** | 36 | Treasurer |

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**Biographies**

**Mr. Wan Nyuk Ming**, age 56, Former Chairman of the Board of Directors, previously worked as the Managing Director of Mega7 Holding Sdn Bhd from 2017 to 2019, where he supervised the day-to-day operations of the company, managed delivery teams, and was directly responsible for business support functions as a head of the business. From 2012 to 2017, he was the Managing Director of M Academy International Sdn Bhd. With over 30 years of experience and hard work, he is a successful remarkable entrepreneur and a practical international market strategist.

**Mr. Ng Chian Yin**, age 35, Former MD of the Board of Directors, with ten years of experience in running a company's core business, where he expanded his strategy skill with "New Thinking, New Creativity, and New Generation" to meet the new era of emerging financial technology in his career path. He has been the Marketing Director of his own company, Philocity Holdings Sdn Bhd since August 2019. He was the Senior Sales & Technology Manager at Milletique Technology Sdn Bhd from July 2018 to July 2019.

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**Mr. Jeffrey Wong Kah Mun**, age 46, CEO of the Board of Directors, has over 18 years of exposure in the fields of health, beauty, wellness products, online and education. He previously worked as Chief Operating Officer at Linton University and three affiliated Institutes, Pertama Institute of Technology (ITP), Jati Institute, and International Institute of Science Mantin from 2017 to 2020, where he oversaw, developed, and expanded the Built of Environment, Information Technology, Business & Accounting, and Applied & Visual Arts.

**Ms. Boo Shi Huey,** age 36, Treasurer of the Company. She worked at Philocity Holdings Sdn Bhd, as a Sr. Account Executive from February 2020 to the present. She worked as an Account Executive to Syarikat Elektrik Siang Sdn Bhd from October to December 2019. She previously worked as a Finance Executive cum Admin at Mega7 Holding Sdn Bhd, from January 2019 to July 2019. She has extensive account experience and is able to work at different perspectives and adjust workflow as change arises.

**Ms. Khiow Hui, Lim,** age 51, Chairman of the Board, Director, Secretary, Chief Strategic Officer, Founder of IQI and Co-founder of TCG, and hails from Melaka, Malaysia. Khiow Hui began her career at the Media Resources Center in Wichita, Kansas, which was a subsidiary and syndication station of The Discovery Channel. Starting as a production assistant, she rose to become a segment producer and eventually a full-fledged producer for the station. In 1997, Khiow Hui was hired by Fox Television Network (FOX 24/UPN), now a division of iHeart MEDIA, to produce and direct public service announcements (PSAs) for the Midwest region. In 2011, Khiow Hui founded iQiMedia that helps advertising agencies, new media companies and S&P 500 to create intuitive experiences for a diverse range of new emerging media. She has worked with global renowned advertising agencies, new media companies and managed brands like AIG, AT&T, Toyota, Caesars Entertainment Corporation, Tencent, Apple, Sony Entertainment, Ogilvy, Dentsu and more. At IQI, she has managed feature film production, commercial and interactive development, budgets of up to $40 million and overseen union production crews of more than 80 people. A native of Malaysia, Khiow Hui holds a BA in Electronic Arts from Wichita State University. Khiow Hui is also one of the core production team players at Miles Partnership for the VisitTheUSA.com—the official tourism bureau for the United States—helping to deliver tailored content for both domestic and international Asian market. In 2016, Khiow Hui produced her first feature film, Alien Code, a sci-fi thriller starring Mary McCormack, Azura Skye, Richard Schiff and Kyle Gallner. Now available on most streaming platforms. Other Hollywood credits include projects like Sony PlayStation 2's Rise to Honor–Jet Li, the SAG Awards' Hollywood Hits Broadway segment and post-production editorial work on Resident Evil 5 & 6 and the Oscar-winning film Crash.

**Term of Office**

Our directors hold their position until the next annual meeting of shareholders and until his successor is elected and qualified by our shareholders, or until earlier death, retirement, resignation, or removal.

**Family Relationships**

There are no family relationships between the Company and any of our current and proposed directors or executive officers.

**Involvement in Certain Legal Proceedings**

No director, executive officer, significant employee or control person of the Company has been involved in any legal or regulatory proceeding listed in Item 401(f) of Regulation S-K in the past 10 years.

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**Board Composition**

Our business and affairs are managed under the direction of our Board of Directors. The number of directors is fixed by our Board of Directors, subject to our articles of incorporation and our bylaws. Currently, our Board of Directors consists of three directors, with two vacancies. We do not have a standing audit, compensation or nominating committee. Rather, our full board of directors performs the functions of these committees. We do not believe it is necessary for our board of directors to appoint such committees because the volume of matters that come before our board of directors for consideration permits the directors to give sufficient time and attention to such matters to be involved in all decision making. Additionally, because our common stock is not listed for trading or quotation on a national securities exchange, we are not required to have such committees.

**Director Independence**

We are not required to have independent members of our Board of Directors, and do not anticipate having independent Directors until such time as we are required to do so.

**Board Leadership Structure and Board's Role in Risk Oversight**

Our Board of Directors has a Chairman, Ms. Khiow Hui, Lim. The Chairman has authority, among other things, to preside over Board meetings and set the agenda for Board meetings. Accordingly, the Chairman has substantial ability to shape the work of our Board of Directors. The Board of Directors believes that its current leadership structure is appropriate for the Company at this time. However, the Board recognizes that no single leadership model is suitable for all companies under all circumstances and may periodically reviews its leadership structure as the Company's needs evolve. Accordingly, the Board of Directors may periodically review its leadership structure.

Our Board of Directors is generally responsible for the oversight of corporate risk in its review and deliberations relating to our activities. Our principal source of risk falls into two categories, financial and product commercialization. The audit committee will oversee management of financial risks; our Board of Directors regularly reviews information regarding our cash position, liquidity and operations, as well as the risks associated with each. The Board of Directors regularly reviews plans, results and potential risks related to our product development and commercialization efforts.

**CODE OF ETHICS**

We have adopted a code of ethics meeting the requirements of Section 406 of the Sarbanes-Oxley Act of 2002. We believe our code of ethics is reasonably designed to deter wrongdoing and promote honest and ethical conduct; provide full, fair, accurate, timely and understandable disclosure in public reports; comply with applicable laws; ensure prompt internal reporting of violations; and provide accountability for adherence to the provisions of the code of ethics. The code of ethics is applicable to all of our directors, officers and employees and is available on our corporate website, https://www.winvestgroup.co. We intend to disclose any amendments to our code of ethics, or waivers of its requirements, on our website or in filings under the Exchange Act to the extent required by applicable rules and exchange requirements.

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**ITEM 11. EXECUTIVE COMPENSATION**

**EXECUTIVE COMPENSATION**

The table below sets forth the positions and compensations for the officers and directors of the Company, and for the officers and directors of TCG and IQI, for the years ended December 31, 2025 and 2024.

There are no employment agreements between the Company and its officers and directors except for Khiow Hui Lim. The executive compensation summary will be shown as below:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Position** | **Name of** <br>**Officers or Directors** | **Year** | **Salary** <br>**before tax** | **Bonus** | **All other** <br>**compensation** | **Total** |
| **Former Chairman of the Board of Directors** | Wan Nyuk Ming | 2025 | - | - | - | - |
| **Former Chairman of the Board of Directors** |  | 2024 | - | - | - | - |
| **Former MD of the Board of Directors** | Ng Chian Yin | 2025 | - | - | - | - |
| **Former MD of the Board of Directors** |  | 2024 | - | - | - | - |
| **Chief Executive Officer, Chief Financial Officer and Director** | Jeffrey Wong Kah Mun | 2025 | - | - | - | - |
| **Chief Executive Officer, Chief Financial Officer and Director** |  | 2024 | - | - | - | - |
| **Treasurer** | Boo Shi Huey | 2025 | 10000 | - | - | 10000 |
| **Treasurer** |  | 2024 | - | - | - | - |
| **Chairman of the Board, Director, Secretary, Chief Strategic Officer, Founder of IQI and Co-founder of TCG** | Khiow Hui, Lim | 2025 | 50000 | - | 8374  | 58374 |
| **Chairman of the Board, Director, Secretary, Chief Strategic Officer, Founder of IQI and Co-founder of TCG** |  | 2024 | 39750 | - | 2090 | 41840 |
| **Former Chief Intellectual Officer, Executive producer of IQI** | Charlene Logan Kelly | 2025 | - | - | - | - |
| **Former Chief Intellectual Officer, Executive producer of IQI** |  | 2024 | 35000 | - | - | 35000 |

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(1) Independent contractors.

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We do not have an audit or compensation committee comprised of independent directors as our Company qualifies for an exemption from these requirements. Indeed, we do not have any audit or compensation committee. These functions are performed by our Board of Directors as a whole.

The Company's financing subsequent to the change of control on March 31, 2021 has come from the Winvest Group Limited (Cayman), an affiliate with the same name as the Company, and based in the Cayman Islands and from the Chairman and founder of IQI, and the CEO of the Company. Winvest Group Limited (Cayman) is an equity holdings company in the wellness industry and shares the same board of directors as the Company. As of December 31, 2025, the amount due to the Winvest Group Limited (Cayman) and the Chairman of the Company and founder of IQI, and the CEO of the Company was $565,818, $56,910 and $58,281 respectively which are being treated as interest free demand loans. In addition, project advances amounting to $150,000 as of December 31, 2025 and 2024 were received from Winvest Group Limited (Cayman).

**Outstanding Equity Awards at Fiscal Year-End**

None of the named executive officers had any outstanding equity awards at the 2025 fiscal year-end.

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**ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS**

**SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**

The following table sets forth certain information with respect to the beneficial ownership of our voting securities by (i) any person or group owning more than 5% of any class of voting securities, (ii) each director, (iii) our chief executive officer and (iv) all executive officers and directors of WNLV as a group as of December 31, 2025.

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| | | |
|:---|:---|:---|
| **Name** | **Number of**<br>**Shares of** <br>**Common Stock** | **Percentage** |
| Wan Nyuk Ming (1)<br>50 West Liberty Street, Suite 880, Reno, Nevada 89501 | 30000000 | 27.03% |
| Ng Chian Yin (1)<br>50 West Liberty Street, Suite 880, Reno, Nevada 89501 | 16814101 | 15.15% |
| Jeffrey Wong Kah Mun <br>50 West Liberty Street, Suite 880, Reno, Nevada 89501 | 13732265 | 12.37% |
| Boo Shi Huey<br>50 West Liberty Street, Suite 880, Reno, Nevada 89501 | 0 | 0% |
| Khiow Hui, Lim<br>50 West Liberty Street, Suite 880, Reno, Nevada 89501 | 600000 | 0.54% |
| All executive officers, directors, and beneficial ownership thereof as a group (5 people) | 61146366 | 55.09% |

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1) On January 27, 2026, Wan Nyuk Ming resigned from his positions as Chairman of the Board and Director of Winvest Group Ltd., and Ng Chian Yin resigned from his position as Director of Winvest Group Ltd.

There are no other officer or director 5% shareholders.

Unless otherwise indicated in the footnotes to this table and subject to community property laws where applicable, each of the stockholders named in this table has sole or shared voting and investment power with respect to the shares indicated as beneficially owned. Except as set forth above, applicable percentages are based upon 110,994,283 shares of common stock outstanding.

The holders of our common stock are entitled to one vote for each share held of record on all matters to be voted on by stockholders. The holders of our common stock do not entitle to any disparate voting rights.

The following table sets forth certain information with respect to the beneficial ownership of our voting preferred stock by (i) any person or group owning more than 5% of any class of voting securities, (ii) each director, (iii) our chief executive officer and (iv) all executive officers and directors of WNLV as a group as of December 31, 2025.

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| **Name** | **Number of**<br>**Shares of** <br>**Series A**<br>**Preferred Stock** | **Percentage** |
| Jeffrey Wong Kah Mun <br>50 West Liberty Street, Suite 880, Reno, Nevada 89501 | 2838679 | 1.255% |
| Wan Nyuk Ming (1)<br>50 West Liberty Street, Suite 880, Reno, Nevada 89501 | 179400000 | 79.308% |
| Ng Chian Yin (1)<br>50 West Liberty Street, Suite 880, Reno, Nevada 89501 | 43967800 | 19.437% |
| All executive officers, directors, and beneficial ownership thereof as a group (3 people) out of 300,000,000 shares. | 226206479 | 100% |

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1) On January 27, 2026, Wan Nyuk Ming resigned from his positions as Chairman of the Board and Director of Winvest Group Ltd., and Ng Chian Yin resigned from his position as Director of Winvest Group Ltd.

There are no other authorized classes of Preferred Stock. The holders of our Series A preferred stock are entitled to 50 votes for each share held of record on all matters to be voted on by stockholders. The Series A Preferred Stock also convert into common stock at a rate of 50 for one. The aggregate voting power of our outstanding Series A Preferred Stock is more than 90% of the issued and outstanding voting equity. The holders of our Series A Preferred Stock vote on a 50 to one basis. Except as set forth above, applicable percentages are based upon 226,206,479 shares of Series A preferred stock held by the directors.

The 50 to one voting of the Series A Preferred Stock may have an anti-takeover effect and may delay, defer or prevent a merger, acquisition, tender offer, takeover attempt or other change of control transaction that a stockholder might consider to be in its interests, including attempts that might result in a premium over the market price for the shares held by our stockholders, as the holders of the Series A Preferred Stock have the voting power to prevent such events.

**Certain Relationships and Related Transactions**

Except as described herein, none of the following parties (each a "Related Party") has had any material interest, direct or indirect, in any transaction with us or in any presently proposed transaction that has or will materially affect us:

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| any of our directors or officers; |
| any person proposed as a nominee for election as a director; |
| any person who beneficially owns, directly or indirectly, shares carrying more than 10% of the voting rights attached to our outstanding shares of common stock; or |
| any member of the immediate family (including spouse, parents, children, siblings and in- laws) of any of the above persons. |

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The Company's financing subsequent to the change of control on March 31, 2021 has come from the Winvest Group Limited (Cayman), an affiliate with the same name as the Company, and based in the Cayman Islands and from the Chairman and founder of IQI, and the CEO of the Company. Winvest Group Limited (Cayman) is an equity holdings company in the wellness industry and shares the same board of directors as the Company. As of December 31, 2025, the amount due to the Winvest Group Limited (Cayman) and the Chairman and founder of IQI, and the CEO of the Company was $565,818, $56,910, and $58,281 respectively which are being treated as an interest free demand loans.

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**Description of Share Capital**

We have authorized 4,500,000,000 shares of common stock with par value $0.001 per share. As of December 31, 2025 the Company has issued and outstanding 110,994,283 shares of common stock. We have authorized 300,000,000 shares of Series A Preferred Stock. As of December 31, 2025, the Company has issued and outstanding 226,206,479 shares of preferred stock.

**<u>Common Stock</u>**

The holders of our common stock are entitled to one vote for each share held of record on all matters to be voted on by stockholders. There is no cumulative voting with respect to the election of directors, with the result that the holders of more than 50% of the shares voting for the election of directors can elect all of the directors then up for election. The holders of our common stock are entitled to receive dividends when, as and if declared by the Board of Directors out of funds legally available. In the event of liquidation, dissolution or winding up of our company, the holders of common stock are entitled to share ratably in all assets remaining which are available for distribution to them after payment of liabilities and after provision has been made for each class of stock, if any, having preference over the common stock. Holders of shares of our common stock, as such, have no conversion, pre-emptive or other subscription rights, and there are no redemption provisions applicable to the common stock.

**<u>Preferred Stock</u>**

The holders of our Series A preferred stock are entitled to 50 votes for each share held of record on all matters to be voted on by stockholders. The Series A preferred stock also converts into common stock at a rate of 50 for one. The holders of our preferred stock are entitled to receive dividends when, as and if declared by the Board of Directors out of funds legally available therefore. In the event of liquidation, dissolution or winding up of our company, the holders of preferred stock are entitled to share ratably in all assets remaining which are available for distribution to them after payment of liabilities and after provision has been made for each class of stock, if any, having preference over the Series A preferred stock. We do not have different authorized classes of stock other than aforementioned.

On the basis of 110,994,283 outstanding shares as of December 31, 2025, a minimum of 2,310,493 shares of Series A preferred stock must be kept to maintain 51% control over shareholder-approved measures. Future issuances of Series A Preferred Stock could further dilute the existing holders of common stock. The management currently has no intentions of further issuance. The conversion of Series A Preferred Stock is entirely optional and it can happen at any time and has a poison pill effect. We believe there are no exceptions to provision requiring mandatory conversion of shares upon any transfer, and no sunset provision limiting the lifespan of high-vote shares is required at this time.

**Controlling Shareholder(s)' Ability**

The controlling shareholder(s)' shall and will have ability to control matters requiring shareholder approval, including election of directors, amendment of organizational documents, and approval of major corporate transactions, such as a change in control, merger, consolidation, or sale of assets.

**<u>Indemnification of Directors and Officers</u>**

Section 78.138 of the NRS provides that a director or officer will not be individually liable unless it is proven that (i) the director's or officer's acts or omissions constituted a breach of his or her fiduciary duties, and (ii) such breach involved intentional misconduct, fraud or a knowing violation of the law.

Section 78.7502 of NRS permits a company to indemnify its directors and officers against expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred in connection with a threatened, pending or completed action, suit or proceeding if the officer or director (i) is not liable pursuant to NRS 78.138 or (ii) acted in good faith and in a manner the officer or director reasonably believed to be in or not opposed to the best interests of the corporation and, if a criminal action or proceeding, had no reasonable cause to believe the conduct of the officer or director was unlawful.

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Section 78.751 of NRS permits a Nevada company to indemnify its officers and directors against expenses incurred by them in defending a civil or criminal action, suit or proceeding as they are incurred and in advance of final disposition thereof, upon receipt of an undertaking by or on behalf of the officer or director to repay the amount if it is ultimately determined by a court of competent jurisdiction that such officer or director is not entitled to be indemnified by the company. Section 78.751 of NRS further permits the company to grant its directors and officers additional rights of indemnification under its articles of incorporation or bylaws or otherwise.

Section 78.752 of NRS provides that a Nevada company may purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee or agent of the company, or is or was serving at the request of the company as a director, officer, employee or agent of another company, partnership, joint venture, trust or other enterprise, for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, whether or not the company has the authority to indemnify him against such liability and expenses. Our Bylaws provide that we may indemnify and advance litigation expenses to our directors, officers, employees and agents to the extent permitted by law, our Articles of Incorporation or our Bylaws, and shall indemnify and advance litigation expenses to our directors, officers, employees and agents to the extent required by law, our Articles of Incorporation or Bylaws. Our obligations of indemnification, if any, shall be conditioned on receiving prompt notice of the claim and the opportunity to settle and defend the claim. We may, to the extent permitted by law, purchase and maintain insurance on behalf of an individual who is or was our director, officer, employee or agent.

**<u>Indemnification against Public Policy</u>**

Insofar as indemnification by us for liabilities arising under the Securities Act may be permitted to our directors, officers or persons controlling the company pursuant to provisions of our Articles of Incorporation and Bylaws, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. In the event that a claim for indemnification by such director, officer or controlling person of us in the successful defense of any action, suit or proceeding is asserted by such director, officer or controlling person in connection with the securities being offered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by us is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

The effect of Indemnification may be to limit the rights of the Company and the shareholders (through shareholders' derivative suits on behalf of the Company) to recover monetary damages and expenses against a director for breach of fiduciary duty.

**<u>Shares Eligible for Future Sale</u>**

Future sales of substantial amounts of shares of our Common Shares in the public market after this offering, or the possibility of these sales occurring, could cause the prevailing market price for our Common Shares to fall or impair our ability to raise equity capital in the future. Following this offering, the Common Shares that were not offered and sold in our initial public offering are "restricted securities," as that term is defined in Rule 144 under the Securities Act. These restricted securities are eligible for public sale only if they are registered under the Securities Act or if they qualify for an exemption from registration under Rule 144 or Rule 701 under the Securities Act, which are summarized below.

These restricted securities will be available for sale in the public market under Rule 144 one year following the filing of our Form 8-K on May 16, 2022.

**<u>Rule 144</u>**

Sales of our Common Stock under Rule 144 could reduce the price of our stock.

These shares will be subject to the resale restrictions of Rule 144. In general, persons holding restricted securities, including affiliates, must hold their shares for a period of at least six months, may not sell more than 1.0% of the total issued and outstanding shares in any 90-day period, and must resell the shares in an unsolicited brokerage transaction at the market price. The availability for sale of substantial amounts of Common Stock under Rule 144 could reduce prevailing market prices for our securities.

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**ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE**

Except as described herein, none of the following parties (each a "Related Party") has had any material interest, direct or indirect, in any transaction with us or in any presently proposed transaction that has or will materially affect us:

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| any of our directors or officers; |
| any person proposed as a nominee for election as a director; |
| any person who beneficially owns, directly or indirectly, shares carrying more than 10% of the voting rights attached to our outstanding shares of common stock; or |
| Any member of the immediate family (including spouse, parents, children, siblings and in- laws) of any of the above persons. |

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The Company's financing subsequent to the change of control on March 31, 2021 has come from the Winvest Group Limited (Cayman), an affiliate with the same name as the Company, and based in the Cayman Islands and from the CEO of IQI. Winvest Group Limited (Cayman) is an equity holdings company in the wellness industry and shares the same board of directors as the Company. As of December 31, 2025, the amount due to the Winvest Group Limited (Cayman) and the founder of IQI, the CEO of the company was $565,818, $56,910, and $58,281, respectively which are being treated as an interest free demand loans.

**ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES**

On May 3, 2024, the Securities and Exchange Commission (the "SEC") announced that it had settled charges against BF Borgers CPA PC that it failed to conduct audits of a number of public companies in accordance with the standards of the Public Company Accounting Oversight Board (the "PCAOB"). As a result of Borgers' settlement with the SEC, the Company has dismissed Borgers as its independent account because it is no longer authorized to perform audits for the Company.

On May 14, 2024, the Company engaged JWF Assurance PAC as its independent auditor.

On March 13, 2025, the Board of Directors decided to conclude the engagement of JWF Assurance PAC as the Company's independent registered public accounting firm, effective immediately.

On March 13, 2025, the Board of Directors approved the engagement of J&S Associate PLT ("New Auditor") as the Company's independent registered public accounting firm, effective immediately.

The following table shows the fees that were billed for the audit and other services provided by for the fiscal years ended December 31, 2025 and 2024.

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|:---|:---|:---|
|  | **Fiscal Year Ended** <br>**December 31,** | **Fiscal Year Ended** <br>**December 31,** |
|  | **2025** | **2024** |
| Audit fees (1) | $54000 | $155550 |
| Total | $54000 | $155550 |

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(1) *Audit Fees—*This category includes the audit of our annual consolidated financial statements, review of consolidated financial statements included in our Quarterly Reports on Form 10-Q and services that are normally provided by the independent registered public accounting firm in connection with engagements for those fiscal years. This category also includes advice on audit and accounting matters that arose during, or as a result of, the audit or the review of interim consolidated financial statements.

***Board of Directors Pre-Approval Process, Policies and Procedures***

All audit and permissible non-audit services provided by our independent registered public accounting firm must be pre-approved. These services may include audit services, audit-related services, tax services and other services. Pre-approval is generally provided for up to one year and any pre-approval is detailed as to the particular service or category of service. The independent registered public accounting firm and management periodically report to the board of directors regarding the extent of services provided by the independent registered public accounting firm. Consistent with the board of directors' policy, all audit and permissible non-audit services provided by our independent registered public accounting firm were pre-approved by our board of directors.

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**PART IV**

**ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| **[3.1](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-1.htm)** | [Articles of Incorporation of the Company Inc., as amended (filed as an Exhibit to Form 8-K, filed on May 16, 2022, and incorporated herein by reference.)](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-1.htm) |
| **[3.2](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-2.htm)** | [Amended and Restated Bylaws of the Company (filed as an Exhibit to Form 8-K, filed on May 16, 2022, and incorporated herein by reference.)](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-2.htm) |
| **[3.3](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-3.htm)** | [Articles of Organization of The Catalyst Group Entertainment, LLC (filed as an Exhibit to Form 8-K, filed on May 16, 2022, and incorporated herein by reference.)](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-3.htm) |
| **[3.4](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-4.htm)** | [Operating Agreement of The Catalyst Group Entertainment, LLC (filed as an Exhibit to Form 8-K, filed on May 16, 2022, and incorporated herein by reference.)](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-4.htm) |
| **[3.5](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-5.htm)** | [Articles of Incorporation of a California corporation IQI Media Inc. (filed as an Exhibit to Form 8-K, filed on May 16, 2022, and incorporated herein by reference.)](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-5.htm) |
| **[3.6](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-6.htm)** | [Bylaws of IQI Media Inc. (filed as an Exhibit to Form 8-K, filed on May 16, 2022, and incorporated herein by reference.)](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex3-6.htm) |
| **[4.1](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex4-1.htm)** | [Share Exchange Agreement (filed as an Exhibit to Form 8-K, filed on May 16, 2022, and incorporated herein by reference.)](http://www.sec.gov/Archives/edgar/data/1558740/000182912622011075/winvestgroup_ex4-1.htm) |
| **[5.1](http://www.sec.gov/Archives/edgar/data/1558740/000182912622016047/winvestgroup_ex5-1.htm)** | [Opinion of McMurdo Law Group, LLC, legal counsel (filed as an Exhibit to Form S-1, filed on August 22, 2022, and incorporated herein by reference.)](http://www.sec.gov/Archives/edgar/data/1558740/000182912622016047/winvestgroup_ex5-1.htm) |
| **[21.1](http://www.sec.gov/Archives/edgar/data/1558740/000182912624002653/winvestgroup_ex21-1.htm)** | [Subsidiaries](http://www.sec.gov/Archives/edgar/data/1558740/000182912624002653/winvestgroup_ex21-1.htm) |
| **[23.2](http://www.sec.gov/Archives/edgar/data/1558740/000182912622016047/winvestgroup_ex5-1.htm)** | [Consent of McMurdo Law Group, LLC (included in Exhibit 5.1)](http://www.sec.gov/Archives/edgar/data/1558740/000182912622016047/winvestgroup_ex5-1.htm) |
| **[31.1](wnlv_ex311.htm)** | [Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](wnlv_ex311.htm) |
| **[31.2](wnlv_ex312.htm)** | [Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](wnlv_ex312.htm) |
| **[32.1](wnlv_ex321.htm)** | [Certification of Chief Executive Officer and Chief Financial Officer Under Section 1350 as Adopted Pursuant Section 906 of the Sarbanes-Oxley Act](wnlv_ex321.htm) |
| **[99.1](http://www.sec.gov/Archives/edgar/data/1558740/000182912622016047/winvestgroup_ex99-1.htm)** | [Subscription Agreement (filed as an Exhibit to Form S-1, filed on August 22, 2022, and incorporated herein by reference.)](http://www.sec.gov/Archives/edgar/data/1558740/000182912622016047/winvestgroup_ex99-1.htm) |
| **101.INS** | Inline XBRL Instance Document (furnished herewith) |
| **101.SCH** | Inline XBRL Taxonomy Extension Schema Document (furnished herewith) |
| **101.CAL** | Inline XBRL Taxonomy Extension Calculation Linkbase Document (furnished herewith) |
| **101.DEF** | Inline XBRL Taxonomy Extension Definition Linkbase Document (furnished herewith) |
| **101.LAB** | Inline XBRL Taxonomy Extension Label Linkbase Document (furnished herewith) |
| **101.PRE** | Inline XBRL Taxonomy Extension Presentation Linkbase Document (furnished herewith) |
| **104** | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |

---

**Item 16. Form 10–K Summary.**

Not applicable.

---

| |
|:---|
| 37 |
| *[**Table of Contents**](#TOC)* |

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**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **WINVEST GROUP LTD.** | **WINVEST GROUP LTD.** |
| Dated: May 8, 2026 | By: | */s/ Jeffrey Wong Kah Mun* |
|  |  | Jeffrey Wong Kah Mun,<br>CEO and CFO |

---

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| Dated: May 8, 2026 | By: | */s/ Jeffrey Wong Kah Mun* |
|  |  | Jeffrey Wong Kah Mun,<br>CEO and CFO |
| Dated: May 8, 2026 | By: | */s/ Khiow Hui, Lim* |
|  |  | Khiow Hui, Lim<br>Director |

---

---

| |
|:---|
| 38 |
| *[**Table of Contents**](#TOC)* |

---

**WINVEST GROUP LTD.**

 **Consolidated Financial Statements**

**Contents**

---

| | |
|:---|:---|
|  | **Page** |
| **Consolidated Financial Statements:** |  |
| [Report of Independent Registered Public Accounting Firm](#report) | F-2 |
| [Consolidated Balance Sheets as of December 31, 2025 and 2024](#bs) | F-4 |
| [Consolidated Statements of Operations for the Years Ended December 31, 2025 and 2024](#cso) | F-5 |
| [Consolidated Statement of Stockholders' (Deficit) Equity for the Years Ended December 31, 2025 and 2024](#defict) | F-6 |
| [Consolidated Statements of Cash Flows for the Years Ended December 31, 2025 and 2024](#cf) | F-7 |
| [Notes to Consolidated Financial Statements](#notes) | F-8 |

---

---

| |
|:---|
| F-1 |
| *[**Table of Contents**](#TOCF)* |

---

---

| | | |
|:---|:---|:---|
| ![wnlv_10kimg14.jpg](wnlv_10kimg14.jpg) | **J&S ASSOCIATE PLT** <br>202206000037 (LLP0033395-LCA) & AF002380<br>(Registered with PCAOB and MIA)<br>B-11-14, Megan Avenue II<br>12, Jalan Yap Kwan Seng, 50450, Kuala Lumpur, Malaysia | Tel: +603-4813 9469 <br>Email : info@jns-associate.com<br>Website : jns-associate.com |

---

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

The Board of Directors and Shareholders of

**WINVEST GROUP LIMITED**

**Opinion on the Financial Statement**

We have audited the accompanying consolidated balance sheets of Winvest Group Ltd. and its subsidiaries (the 'Company') as of December 31, 2025 and 2024, and the related consolidated statements of operations, stockholders' (deficit) equity and cash flows for the years ended December 31, 2025 and 2024, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the years ended December 31, 2025 and 2024, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

**Substantial Doubt about the Company's Ability to Continue as a Going Concern**

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements as of December 31, 2025, the Company has incurred operating losses since its inception. As of December 31, 2025, the Company had an accumulated deficit of $120,846,266 and working capital deficit of $1,487,897. These matters raise substantial doubt about the Company's ability to continue as a going concern. Management's evaluation of the conditions and events that raise substantial doubt about the Company's ability to continue as a going concern, and management's plans to mitigate these matters, are described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.

**Critical Audit Matters**

Critical audit matters are matters arising from the current year audit of the financial statements that were communicated or are required to be communicated to the audit committee, or in their absence, the directors, and that: (1) relate to accounts or disclosures that are material to the financial statements, and (2) involved especially challenging, subjective, or complex judgements. The communication of critical audit matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

---

| |
|:---|
| F-2 |
| *[**Table of Contents**](#TOCF)* |

---

---

| | | |
|:---|:---|:---|
| ![wnlv_10kimg14.jpg](wnlv_10kimg14.jpg) | **J&S ASSOCIATE PLT** <br>202206000037 (LLP0033395-LCA) & AF002380<br>(Registered with PCAOB and MIA)<br>B-11-14, Megan Avenue II<br>12, Jalan Yap Kwan Seng, 50450, Kuala Lumpur, Malaysia | Tel: +603-4813 9469 <br>Email : info@jns-associate.com<br>Website : jns-associate.com |

---

*Valuation of convertible notes and the related embedded derivative liabilities*

As described in Note 7 to the financial statements, the Company issued multiple convertible promissory notes during the year ended December 31, 2025. These instruments require assessment of the appropriate classification under ASC 480 "Distinguishing Liabilities from Equity" and they include embedded conversion features, resulting in the bifurcation of embedded derivative liabilities under ASC 815 "Derivatives and Hedging" and separate accounting for the host debt under ASC 470 "Debt".

The accounting for these convertible notes involves significant judgment and estimation, particularly in:

- Determining the appropriate classification of the instruments (liability vs equity or compound instrument)

- Identifying and separately accounting for embedded derivative features

- Estimating the fair value of the embedded derivative liability at inception and at each reporting date

- Determining the effective interest rate and amortized cost of the host liability

We identified the valuation of convertible notes and the related embedded derivative liabilities as a critical audit matter due to the complexity of the instrument and the significant assumptions incorporated into the valuation models, including risk-free interest rates and discount rates. Auditing the valuation models required a high degree of auditor judgment and an increased extent of audit effort.

Our audit procedures related to the valuation of convertible notes and the related embedded derivative liabilities included the following:

1) Obtained and reviewed all convertible note agreements to understand all the key contractual terms, including conversion features, interest rates, and maturity dates;

2) Assessed management's conclusions on classification and accounting treatment under ASC 480, ASC 815 and ASC 470;

3) Agreed the convertible note and embedded derivative liability balances to the general ledger and trial balance;

4) Traced proceeds from issuance to the bank statements and supporting documentation;

5) Tested conversions and repayments during the year, where applicable, including recalculation of shares issued and amounts settled;

6) Assessed the appropriateness of management's valuation methodology for the embedded derivative and host liabilities;

7) Agreed key inputs used in valuation models to underlying contracts and external data sources;

8) Evaluated the relevance and reliability of externally sourced inputs, including risk-free rates and discount rates;

9) Assessed whether assumptions used were reasonable in the context of market conditions and the Company's circumstances;

10) Assessed the adequacy and completeness of disclosures related to convertible notes in the financial statements; and

11) Verified that disclosures complied with applicable accounting standards.

We determined that there were no other critical audit matters.

/s/ J&S Associate PLT

Certified Public Accountants

Firm ID: 6743

We have served as the Company's auditor since 2025.

Kuala Lumpur, Malaysia

May 8, 2026

---

| |
|:---|
| F-3 |
| *[**Table of Contents**](#TOCF)* |

---

**WINVEST GROUP LTD.**

 **CONSOLIDATED BALANCE SHEETS**

**AS OF DECEMBER 31, 2025 AND 2024**

**(Expressed in U.S. Dollars)**

---

| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2025** | **December 31,**<br>**2024** |
| **ASSETS** |  |  |
| **Current Assets** |  |  |
| Cash | $44072 | $181522 |
| Accounts receivable | 10000 | 15100 |
| Accounts receivable-other |  | 1950 |
| Prepaid expenses | 160936 | 104627 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 215008 | 303199 |
| **Non-current Assets** |  |  |
| Investments |  | 14419701 |
| Security deposit | 2366 | 2366 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Assets | $217374 | $14725266 |
| **LIABILITIES & STOCKHOLDERS' DEFICIT** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 25175 | $2427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | 135289 | 181908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project advances | 400000 | 400000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Project advances-related party | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Convertible promissory notes | 126904 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Embedded derivative liability | 184528 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes payable-related parties | 681009 | 675869 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 1702905 | 1410204 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commitments and Contingencies | 125000 | 100000 |
| Total liabilities | 1827905 | 1510204 |
| **STOCKHOLDERS' (DEFICIT) EQUITY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock Series A, $0.001 par value 300,000,000, shares authorized, 226,206,479 and 226,206,479, shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively | 226207 | 226207 |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock, Par Value $0.001, 4,500,000,000 shares authorized, 110,994,283 and 109,369,075 issued and outstanding as of December 31, 2025, and December 31, 2024 | 110994 | 109369 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid in capital | 118898534 | 118681086 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated Deficit | (120846266) | (105801600) |
| Total Stockholders' (Deficit) Equity | (1610531) | 13215062 |
| Total Liabilities and Stockholders' (Deficit) Equity | $217374 | $14725266 |

---

The accompanying notes are an integral part of these consolidated financial statements.

---

| |
|:---|
| F-4 |
| *[**Table of Contents**](#TOCF)* |

---

**WINVEST GROUP LTD.**

 **CONSOLIDATED STATEMENTS OF OPERATIONS**

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024**

**(Expressed in U.S. Dollars)**

---

| | | |
|:---|:---|:---|
|  | **Year ended** <br>**December 31,**<br>**2025** | **Year ended** <br>**December 31,**<br>**2024** |
| Revenue | $78426 | $77340 |
| Cost of sales | (46408) | (80025) |
| Gross profit (loss) | 32018 | (2685) |
| Operating expenses: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Administrative expenses | (608859) | (760298) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | (608859) | (760298) |
| Loss from operations | (576841) | (762983) |
| Other (expense) income: |  |  |
| Interest expense | (121134) | (3596) |
| Other income | 18 | 1863 |
| Gain on derivative fair value change | 24502 |  |
| Loss on investment | (14371211) | (316331) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other (expense), net | (14467825) | (318064) |
| Net loss | $(15044666) | $(1081047) |
| Basic and diluted loss per common share | $(0.14) | $(0.004) |
| Weighted average number of shares outstanding | 110663394 | 286930455 |

---

The accompanying notes are an integral part of these consolidated financial statements.

---

| |
|:---|
| F-5 |
| *[**Table of Contents**](#TOCF)* |

---

**WINVEST GROUP LTD.**

 **CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' (DEFICIT) EQUITY**

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024**

**(Expressed in U.S. Dollars)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Value** | **Shares** | **Value** |<br>**Additional**<br>**Paid-In**<br>**Capital** |<br>**Accumulated**<br>**Deficit** | **Total** <br>**Stockholders'**<br>**Equity**<br>**(Deficit)** |
| Balance, December 31, 2023 | 227838679 | $227839 | 18326075 | $18326 | $104770997 | $(104720553) | $296609 |
| Conversion of preferred stock to common stock | (16150000) | (16150) | 807500000 | 807500 | (791350) |  |  |
| Subscription of common stock  |  |  | 233000 | 233 | 199267 |  | 199500 |
| Cancellation of common stock in return of preferred stock | 14517800 | 14518 | (725890000) | (725890) | 711372 |  |  |
| Common shares issued as investment |  |  | 9200000 | 9200 | 13790800 |  | 13800000 |
| Net loss | - | - | - | - | - | (1081047) | (1081047) |
| Balance, December 31, 2024 | 226206479 | 226207 | 109369075 | 109369 | 118681086 | (105801600) | 13215062 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Value** | **Shares** | **Value** |<br>**Additional**<br>**Paid-In**<br>**Capital** |<br>**Accumulated**<br>**Deficit** | **Total** <br>**Stockholders'**<br>**Equity**<br>**(Deficit)** |
| Balance, December 31, 2024 | 226206479 | 226207 | 109369075 | 109369 | 118681086 | (105801600) | 13215062 |
| Subscription of common stock |  |  | 1313675 | 1314 | 178686 |  | 180000 |
| Shares issued to employee |  |  | 90000 | 90 | 22410 |  | 22500 |
| Conversation of convertible note |  |  | 221533 | 221 | 16352 |  | 16573 |
| Net loss | - | - | - | - | - | (15044666) | (15044666) |
| Balance, December 31, 2025 | 226206479 | 226207 | 110994283 | 110994 | 118898534 | (120846266) | (1610531) |

---

The accompanying notes are an integral part of these consolidated financial statements.

---

| |
|:---|
| F-6 |
| *[**Table of Contents**](#TOCF)* |

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**WINVEST GROUP LTD.**

 **CONSOLIDATED STATEMENTS OF CASH FLOWS**

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024**

**(Expressed in U.S. Dollars)**

---

| | | |
|:---|:---|:---|
|  | **Year ended** <br>**December 31,**<br>**2025** | **Year ended**<br>**December 31,**<br>**2024** |
| **Cash flows (used in) operating activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss | $(15044666) | $(1081047) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 113807 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on derivative fair value change | (24502) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss on investment | 14371211 | 316331 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for doubtful debts |  | 4100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bad debt written off | 5100 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Prepayment written off | 1200 | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation to employee | 10500 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Contingencies | 25000 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Write-off of other receivable | 50440 |  |
| Changes in assets and liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  | (50800) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable-other |  | 15710 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses | (57507) | (43398) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets |  | (1272) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 22746 | (38324) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities and project advances | (24619) | 427591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities | (551290) | (351109) |
| **Cash flows provided by investing activity** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from sale of investment | - | 262018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by investing activity |  | 262018 |
| **Cash flows provided used by financing activities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Issuance of share capital | 170000 | 199500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Convertible promissory notes, net | 238700 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Loan repayments |  | (18670) |
| &nbsp;&nbsp;&nbsp;&nbsp;Related party loans, net | 5140 | 44713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 413840 | 225543 |
| **Net (decrease) increase in cash** | (137450) | 136452 |
| **Cash, beginning of period** | 181522 | 45070 |
| **Cash, end of period** | $44072 | $181522 |
| **Supplemental Cash Flows Information** |  |  |
| Issuance of shares to employee | $12000 | $- |
| Conversion of convertible note | $10000 | $- |

---

The accompanying notes are an integral part of these consolidated financial statements.

---

| |
|:---|
| F-7 |
| *[**Table of Contents**](#TOCF)* |

---

**WINVEST GROUP LTD.** 

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024**

**NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS**

Winvest Group Ltd, "the Company" (formerly known as Zyrox Mining International Inc. until December 2021) was incorporated in the State of Nevada on June 3, 2009. Winvest Group Ltd began formal operations on June 3, 2009, with the principal purpose of developing, marketing, and selling software products through the Internet, and to provide web-based services for individuals and small business. During 2010, this business was discontinued and management focused on developing a biodegradable plastic opportunity.

The Company began trading as Riverdale Capital, Ltd. under the symbol "RICP" on June 3, 2009.

On August 17, 2010, the then Chief Executive Officer resigned and appointed Carl H. Kruse as sole Director and Chief Executive Officer. Carl H. Kruse became the majority shareholder at that time by virtue of a Stock Purchase Agreement with the majority shareholder, resulting in a change of control of the Issuer.

On November 8, 2010, the Company entered into an agreement to acquire 100% of the Membership Interests of WSVPA Bio Products Incorporated, a Nevada LLC in consideration for 102,238,200 shares of common stock. After completion of their due diligence, WSPVA formally closed on the transaction on May 12, 2012. The Company subsequently received 500,000,000 Class "A" membership units and 1,000,000 Class "B" membership units representing 100% of the membership interest of WSPVA (dissolvingplastic.com) in return for 102,238,200 common shares of the Company and WSPVA is now a wholly owned subsidiary of the Company.

The Company finalized the acquisition of a biodegradable plastic manufacturer, WSPVA, Bio Products International, LLC, a Nevada LLC, on March 12, 2012, for 102,238,200 common shares, of which 98,984,744 had been issued in the prior fiscal year and recorded as Issuance of Common Shares for Donated Services, because of the uncertainty of completing the transaction. The Company now owns 100% of the equity interests in this wholly owned subsidiary. With the transaction now complete the market value of the shares on March 12, 2012, has been recorded as the purchase price for WSPVA.

Subsequently, WSPVA has been permanently revoked by the Nevada Secretary of State and no longer a subsidiary of the Company.

Effective April 30, 2012, the Company changed its name to Diversified Energy & Fuel International, Inc and changed its name to Zyrox Mining International, Inc. on August 15, 2012.

During the period from November 2012 through April 2020, the Company was dormant.

David Lazar, the principal of Custodian Ventures, LLC conducted due diligence on the Company and determined that the Company would be a potential Custodianship candidate, based upon previous management appearing to have abandoned the Company approximately eleven years ago. Mr. Lazar then chose to buy shares of the Company on the open market and start a Custodianship proceeding.

On December 27, 2019 Custodian Ventures, LLC was appointed as the custodian of the Company by the Eighth Judicial Court of Nevada pursuant to Case No. A-19-805642-B.

---

| |
|:---|
| F-8 |
| *[**Table of Contents**](#TOCF)* |

---

On March 5, 2021, as a result of a private transaction, 300,000,000 shares of Series A Preferred Stock, $0.001 par value per share (the "Shares") of the Company, were transferred from Custodian Ventures, LLC (the "Seller") to Wan Nyuk Ming, Ng Chian Yin, and Jeffrey Wong Kah Mun, respectively, based on their ownership of Winvest Group Limited (Cayman) (collectively, the "Purchaser"). As a result, the Purchaser became an approximately 90% holder of the voting rights of the issued and outstanding share capital of the Company on a fully diluted basis of the Company and became the controlling shareholders. The consideration paid for the Shares was $700,000. The source of the cash consideration for the Shares was personal funds of the Purchaser. In connection with the transaction, David Lazar released the Company from all debts owed to him and/or the Seller.

Other than as described below, there are no arrangements or understandings among both the former and new control persons and their associates with respect to the election of directors of the Company or other matters.

On April 14, 2021, the existing director and officer resigned immediately. Accordingly, David Lazar, serving as a director and an officer, ceased to be the Company's Chief Executive Officer, Chief Financial Officer, President, Treasurer, Secretary, and a Director.

On September 14, 2021, The Board of Directors of Zyrox Mining International, Inc. voted to change the Company's fiscal year end from May 31<sup>st</sup> to December 31<sup>st</sup> in order to align it with its intended acquisition target. The Board of Directors of the Company approved this change on September 14, 2021.

On December 17, 2021, Zyrox Mining International, Inc (the "Company"), amended its articles of incorporation change its name to Winvest Group Ltd. (the "Name Change"). The change was made in anticipation of entering into a new line of business operations.

Also on December 17, 2021, the Zyrox Mining International, Inc. amended its articles of incorporation to reverse split its common stock at a rate of 1 for 250 (the "Reverse").

On December 29, 2021, FINRA declared the Name Change and the Reverse effective. Also on December 29, 2021, the Company was informed by FINRA that the Company's ticker symbol would be changed to WNLV in twenty business days. The Company's stock symbol changed to WNLV on January 27, 2022.

On May 16, 2022, the Company entered into a Share Exchange Agreement (the "Agreement") with The Catalyst Group Entertainment, LLC ("TCG"), a California limited liability company, and IQI Media Inc. ("IQI"), a California corporation. Pursuant to the Agreement, the Company acquired 100% of the equity interests in TCG and IQI in exchange for an aggregate of 900,000 shares of the Company's common stock. The shares were issued to the members and shareholders of TCG and IQI, namely Joseph Lanius, Nicholas Burnett, Khiow Hui Lim, (collectively, the "TCG and IQI Shareholders"). The transaction has been accounted for as a recapitalization of the Company, whereby WNLV is the accounting acquirer.

Consequently, the Company has ceased to fall under the definition of shell company as define in Rule 12b-2 under the Exchange Act of 1934, as amended (the "Exchange Act") and TCG and IQI are now wholly owned subsidiaries.

On May 25, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") appointed Khiow Hui, Lim as the Corporation's Chief Strategic Officer and Charlene Logan Kelly as the Corporation's Chief Intellectual Officer.

On June 13, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") appointed Khiow Hui, Lim to the Corporation's Board of Directors.

On June 29, 2022, the Board of Directors of Winvest Group Ltd. (the "Company") accepted the resignation of Tham Yee Wen as the Company's Secretary. Also, on June 29, 2022, the Board of Directors of the Company appointed Khiow Hui, Lim as the Company's Secretary.

On May 14, 2024, the Board of Directors of Winvest Group Ltd. (the "Company") accepted the resignation of Tham Yee Wen as the Company's Chief Operating Officer (COO). The Company is unaware of any disagreement causing Ms. Tham Yee Wen's resignation.

Billie Black Production LLC (hereafter called "BB"), is a subsidiary of IQI, established on October 1, 2024, and located in Wyoming, United States. The company was primarily formed to focus on media and film production activities. However, the company ceased operations in the first quarter of 2025 due to the cancellation of the film project that was originally planned to be produced through BB. Subsequently, BB was formally dissolved and its registration in the state records was terminated on August 12, 2025.

In early 2025, TCG significantly scaled down its operations, and its bank accounts were formally closed in February 2026.

On July 31, 2025, the Company has received the formal written notice from Ms. Charlene Logan Kelly confirming her resignation from the position of Chief Intellectual Officer (CIO), effective as of June 28, 2025. Ms. Logan Kelly's resignation was not due to any disagreement with the Company on any matter relating to its operations, policies, or practices.

On January 27, 2026, Wan Nyuk Ming resigned from his positions as Chairman of the Board and Director of Winvest Group Ltd., and Ng Chian Yin resigned from his position as Director of Winvest Group Ltd., each for personal reasons. The resignations were not the result of any disagreement with the Company, its management, or the Board regarding the Company's operations, policies, or practices.

On January 27, 2026, the Board of Directors of Winvest Group Ltd. appointed Khiow Hui Lim as Chairman of the Board, effective immediately. Ms. Khiow Hui Lim will serve as Chairman in addition to her existing role as a director of the Company.

<u>Details of the Company's subsidiaries:</u>

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| | | | | |
|:---|:---|:---|:---|:---|
| **No.** | **Company Name** | **Domicile and Date of Incorporation** | **Principal Activities** | **Proportional of ownership interest and voting power held** |
| 1 | IQI Media, Inc | US, California in April 2011 | Media & Film Production | 100% |
| 2 | The Catalyst Group Entertainment, LLC | US, Delaware in April 2019 | Media Debt Financing | 100% |
| 3 | Billie Black Production, LLC | US, Wyoming in October 2024 | Media & Film Production, which was dissolved and terminated effective August 12, 2025 | 100% |

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| *[**Table of Contents**](#TOCF)* |

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**NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

<u>Basis of Presentation</u>

The accompanying consolidated financial statements have been prepared in accordance with the Financial Accounting Standards Board ("<u>FASB</u>") "FASB Accounting Standard Codification™" (the "<u>Codification</u>") which is the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of consolidated financial statements in conformity with generally accepted accounting principles ("<u>GAAP</u>") in the United States.

<u>Going Concern</u>

The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these consolidated financial statements. The Company has incurred operating losses since its inception. As of December 31, 2025, the Company had an accumulated deficit of $120,846,266 and working capital deficit of $1,487,897. Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company's ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. The Company is currently funded through the issuance of equity securities and convertible promissory notes. The Company expects to continue to rely on equity financings and convertible instruments until its operations become profitable. In addition, the Company is actively implementing measures to address the working capital shortfall, including pursuing equity financing from investors to provide further funding, continuing to manage operating costs prudently, and advancing the progress of film production projects to generate future revenue streams. The Company believes that these initiatives, together with its ongoing efforts to expand business operations, will improve liquidity and support its ability to continue as a going concern.

While management believes that these plans, if successfully implemented, will provide the Company with sufficient liquidity to meet its obligations, there can be no assurance that such financing or business opportunities will be available on acceptable terms, or at all. Accordingly, substantial doubt about the Company's ability to continue as a going concern remains.

The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

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| *[**Table of Contents**](#TOCF)* |

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<u>Use of Estimates</u>

The preparation of the condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities at the date of the condensed consolidated financial statements.

The most significant estimates relate to the convertible promissory note and the valuation of the embedded derivative. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these condensed financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.

<u>Revenue Recognition</u>

The Company recognizes revenue in accordance with FASB ASC Topic 606, Revenue from Contracts with Customers. Revenue is recognized when control of the promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.

The Company's primary sources of revenue consist of (i) consulting income, which includes content creation and advertising services, and (ii) production income. These services are generally provided under contractual arrangements with customers. Revenue is recognized based on the following five-step model addressed below.:

1. Identify the contract with the customer:

A contract is established when it is approved by both parties, has commercial substance, identifies rights and payment terms, and it is probable that the Company will collect the consideration.

The contracts with customers, establish legally enforceable rights and obligations that define a tailored scope of services based on each client's requirements. These contracts outline the fees charged, payment terms, contract durations, and services provided. The company provides a single integrated service consisting of social media content creation, video production, analytics, and ad performance reporting.

The contracts clearly outlined the scope of services, payment terms, and resulted in invoices being issued to clients, detailing the services rendered. Based on ASC 606-10-25-1, the criteria for identifying a contract have been met-namely, the parties have approved the arrangement, each party's rights and payment terms are identifiable, the contract has commercial substance, and collection is probable. Accordingly, these arrangements are considered contracts under ASC 606, and revenue recognition is appropriate.

2. Identify the performance obligations in the contract:

Each contract is evaluated to determine the distinct goods or services promised. The contracts specify the scope of services provided by the Company, which include social media content creation, video production, analytics, and ad performance reporting. Although these services may appear distinct in nature, they cannot be sold separately within the context of the agreement, as each service is dependent on the others to deliver the intended marketing outcome. Accordingly, the Company has concluded that each contract with a customer includes a single performance obligation.

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| *[**Table of Contents**](#TOCF)* |

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3. Determine the transaction price:

The Company invoices the client in accordance with the terms of the contract, with a fixed transaction price agreed upon in the contract.

4. Allocate the transaction price to performance obligations in the contract:

All services provided by the Company are bundled into a single performance obligation, therefore the entire transaction price-is allocated to this single obligation.

5. Recognize revenue when or as the Company satisfies a performance obligation

For consulting income, revenue is recognized over time, as the Company performs services and the customer simultaneously receives and consumes the benefits of those services. This is consistent with ASC 606, as the Company provides a continuous, integrated service over the contractual period. Accordingly, revenue is recognized on a time-elapsed basis over the service period.

For production income, revenue is recognized at a point in time, specifically when the Company has completed all contracted services and transferred control of the final deliverables to the client. This aligns with ASC 606-10-25-30, as the client obtains the ability to direct the use of and benefit from the completed deliverables upon delivery. Accordingly, revenue is recognized at the point when the client accepts the final output of the services.

*Principal vs. Agent Considerations* 

The Company evaluates its role in providing services to determine whether it is acting as a principal or an agent, in accordance with ASC 606. The Company is considered a principal when it controls the specified goods or services before transferring them to the customer. In such cases, revenue is recognized on a gross basis for the amount to which the Company expects to be entitled.

For all its contracts with customers, the Company acts as a principal, as the Company is responsible for establishing the price of the contract and the Company is primarily responsible for the fulfilment of services, including content development, production, analytics, and delivery to the client. The Company controls the service outputs before they are transferred and assumes the risks associated with performance. Accordingly, revenue is presented on a gross basis.

<u>Production – Cost of Revenue</u>

The cost of revenue is comprised of labor expense calculated based on an hourly labor rate provided by consultants and employees to produce revenue. Additionally, the cost of revenue includes direct expenses related to the revenues provided, such as managing the client's Amazon sales channel through the creation of promotional advertisements to increase sales, translation of content into different languages, coordination of projects with different work teams to maximize client benefits, production crew for celebrity endorsements and video shooting, and salaries and wages of employees involved in creating and delivering these services.

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| *[**Table of Contents**](#TOCF)* |

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<u>Administrative Expense</u>

Administrative expense includes office expense, legal, accounting and other professional fees and other expenses and fess associated with being a public company. These expenses are recorded as incurred.

<u>Cash and cash equivalents</u>

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. On December 31, 2025, and December 31, 2024, the Company's cash equivalents balance was $44,072 and $181,522 respectively.

<u>Accounts Receivables</u>

Accounts receivables are recognized and carried at amortized cost. The Company maintains an allowance for expected credit loss to provide for the estimated number of receivables that will not be collected. The Company considers several factors in its estimate of the allowance, including knowledge of a client's financial condition, its historical collection experience, and other factors relevant to assessing the collectability of such receivables. Bad debts are written off against allowances. An allowance for doubtful accounts will be recorded in the period when a loss is probable based on an assessment of specific evidence indicating troubled collection, historical experience, accounts aging, ongoing business relation and other factors. Accounts are written off after exhaustive efforts at collection. If accounts receivable are to be provided for, or written off, they would be recognized in the unaudited condensed consolidated statement of operations within operating expenses.

ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): *Measurement of Credit Losses on Financial Instruments* requires entities to use a current lifetime expected credit loss methodology to measure impairments of certain financial assets. Using this methodology will result in earlier recognition of losses than under the previous incurred loss approach, which requires waiting to recognize a loss until it is probable of having been incurred. There are other provisions within the standard that affect how impairments of other financial assets may be recorded and presented, and that expand disclosures.

As at December 31, 2025 and 2024, there has been no allowance for expected credit loss for accounts receivables.

<u>Prepaid Expenses</u>

Prepaid expenses primarily comprise amounts incurred in connection with film production activities for projects that are currently in development or production and for which revenue has not yet been recognized and are accounted for in accordance with ASC 926, *Entertainment—Films*.

Under ASC 926, such costs are capitalized when incurred as they represent direct and incremental expenditures that are expected to be recoverable from the future revenues generated by the related film projects. These costs may include, but are not limited to, development costs, production-related fees, and other direct costs incurred prior to the completion of the film.

Film production costs are not amortized during the production phase. Upon completion of the film and commencement of revenue-generating activities, these costs are recognized as cost of revenue in the consolidated statements of operations in the period in which the related revenues are recognized, in accordance with the matching principle under U.S. GAAP.

The Company evaluates film production costs for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If the estimated future revenues from the film project are not sufficient to recover the capitalized costs, an impairment loss is recognized for the excess of the carrying amount over the estimated recoverable amount.

<u>Income taxes</u>

The Company accounts for income taxes under FASB ASC 740, "Accounting for Income Taxes". Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, "Accounting for Uncertainty in Income Taxes" prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities.

The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position's sustainability under audit.

<u>Convertible Promissory Notes</u>

Convertible Promissory Notes are categorized as equity or debt based on the terms of the notes and the guidance in ASC 480, Distinguishing Liabilities from Equity, and ASC 815, Derivatives and Hedging.

Convertible notes that meet the criteria for equity classification (e.g., conversion into a fixed number of shares with no obligation to deliver cash) are recorded in equity at issuance. Instruments classified as equity are not subsequently remeasured, and no interest expense is recognized.

Convertible notes that include a contractual obligation to deliver cash or other financial assets, or that do not meet the criteria for equity classification, are recorded as debt. These notes are initially recognized at the principal amount, net of discounts and issuance costs in accordance with ASC 480-10-55-44 on the consolidated balance sheets, and fair value of embedded derivatives in accordance with ASC 815. The debt portion is subsequently measured at amortized cost using the effective interest method. Interest expense is recognized in the statement of operations.

The Company accounts for derivative financial instruments, including embedded derivatives, in accordance with Accounting Standards Codification (ASC) 815, Derivatives and Hedging. Under this guidance, the Company evaluates whether an embedded feature within a financial instrument is required to be accounted for separately as a derivative.

Embedded derivatives that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that are not eligible for the scope exceptions under ASC 815, are bifurcated from the host instrument and accounted for as separate derivative financial instruments. These derivatives are recognized as either assets or liabilities on the balance sheet and are measured at fair value, with changes in fair value recognized in the consolidated statements of operations in the period in which they occur.

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<u>Net Loss per Share</u>

Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, "Earnings per Share." Basic earnings per common share ("EPS") calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. Hence no common stock equivalents were included in the computation of diluted net loss per shares since such inclusion would have been antidilutive.

<u>Investment</u>

The Company holds equity investments in private companies that do not have readily determinable fair values. In accordance with ASC 321, Investments—Equity Securities, the Company has elected the measurement alternative to record such investments at cost, less impairment, if any, and adjusted for observable price changes in orderly transactions for the identical or similar investment of the same issuer.

The Company assesses these investments each reporting period to determine whether an impairment or an observable price change has occurred. If impairment indicators are identified, the Company evaluates whether the decline in value is other-than-temporary and, if so, writes down the investment to its fair value. Impairment or observable price adjustments were recognized during the reporting period.

<u>Project Advances</u>

Project advances represent amounts received from third parties and a related party for the purpose of funding specific film production projects. These funds are typically contributed prior to the commencement or during the development phase of a project and are used exclusively for project-related expenses, in accordance with agreed-upon terms between the contributor and the Company.

As of the reporting date, no repayments or returns have been made, as the related projects have not yet commenced. The Company will account for any repayment or return of funds in accordance with the contractual terms with the contributors upon project execution or completion, as applicable.

<u>Related Party</u>

The Company identifies related party transactions in accordance with ASC 850, "Related Party Disclosures." A related party is generally defined as a person or entity that has control or significant influence over the Company, or vice versa, including directors, executive officers, significant shareholders, and their immediate family members, as well as entities under common control.

The Company's Board of Directors, or a committee thereof, is responsible for reviewing and approving all material related party transactions.

<u>Fair value of financial instruments</u>

The carrying value of the Company's financial instruments: cash and cash equivalents, trade receivables, prepaid expenses, trade payables, accrued liabilities, project advances and notes payables approximate their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, "Fair Value Measurements and Disclosures" ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 1: Observable inputs such as quoted prices in active markets; &nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

<u>Segment Reporting</u>

ASC 280, "Segment Reporting", establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major clients in financial statements for detailing the Company's business segments. Based on the criteria established by ASC 280, it is determined that it operates as a single operating and reportable segment. The Company's chief operating decision maker ("CODM") has been identified as the Chief Executive Officer, who reviews financial information on a consolidated basis, including revenue, operating expenses and net income (loss), when evaluating operating performance and allocating resources. The CODM uses net income (loss) as the primary measure of performance and allocating resources. As the Company operates as a single segment and the CODM reviews consolidated financial information, the significant expense categories reviewed by the CODM are reflected in the consolidated statements of operations.

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<u>Recent Accounting Pronouncements</u>

In November 2023, the FASB issued ASU 2023-07, Segment Reporting—Improvements to Reportable Segment Disclosures (Topic 280). The standard requires incremental disclosures related to reportable segments, including disaggregated expense information and the title and position of the company's chief operating decision maker ("CODM"), as identified for purposes of segment determination. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Entities must adopt the changes to the segment reporting guidance on a retrospective basis. The Company adopted the ASU on January 1, 2024. The additional required disclosures did not have a material impact on our consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures," which requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. The standard will be effective for public companies for fiscal years beginning after December 15, 2024. The Company retrospectively adopted the ASU on January 1, 2025. The additional required disclosures did not have a material impact on our consolidated financial statements.

In March 2024, the FASB issued ASU 2024-02 Codification Improvements – Amendments to Remove References to the Concepts Statements. This ASU amends the ASC by removing references to various FASB Concepts Statements to simplify the ASC and draw a distinction between authoritative and non-authoritative literature. The amendments in this update apply to all reporting entities within the scope of the affected accounting guidance and are effective for public entities for fiscal years beginning after December 15, 2024. The Company adopted the ASU on January 1, 2025. The amendments did not have a material impact on our consolidated financial statements.

In November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2024-03 Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) Disaggregation of Income Statement Expenses. The guidance in ASU 2024-03 requires public business entities to disclose in the notes to the financial statements, among other things, specific information about certain costs and expenses including purchases of inventory; employee compensation; and depreciation, amortization and depletion expenses for each caption on the income statement where such expenses are included. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted, and the amendments may be applied prospectively to reporting periods after the effective date or retrospectively to all periods presented in the financial statements. The Company is currently evaluating the provisions of this guidance and assessing the potential impact on the Company's financial statement disclosures.

In March 2025, the FASB issued ASU 2025-02, Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 122, which removes certain SEC guidance related to obligations to safeguard crypto-assets. The Company does not engage in activities involving crypto-assets; therefore, the adoption of this ASU is not expected to have a material impact on its financial statements.

In May 2025, the FASB issued ASU 2025-04, Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Clarifications to Share-Based Consideration Payable to a Customer, which amends ASC 718 and ASC 606 to (i) expand the definition of a performance condition to include vesting tied to a customer's own purchases or the purchases of the customer's customers, (ii) require entities to estimate expected forfeitures, and (iii) clarify that the variable consideration guidance in ASC 606 does not apply to share-based consideration payable to a customer. The amendments are effective for annual and interim periods beginning after December 15, 2026, with early adoption permitted. We are currently evaluating the impact of this guidance on our consolidated financial statements.

In July 2025, the FASB issued ASU 2025-05, Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient for measuring expected credit losses on current trade receivables and contract assets by assuming that current conditions remain unchanged over the life of the asset. The amendments are effective for annual and interim periods beginning after December 15, 2025, with early adoption permitted. We are currently evaluating the impact of this guidance on our consolidated financial statements.

In December 2025, the FASB issued ASU 2025-11 "Interim Reporting (Topic 270): Narrow-Scope Improvements". This ASU provides a comprehensive list of required interim disclosures and introduces a disclosure principle requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. This ASU is effective for interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the effect of adopting of this ASU.

In December 2025, the FASB issued ASU 2025-12 "Codification Improvements". This ASU represents changes to the Codification that (1) clarify, (2) correct errors, or (3) make minor improvements. This ASU is effective for annual reporting periods beginning after December 15, 2026, and interim periods within those annual reporting periods. Early adoption is permitted. The Company is currently evaluating the effect of adopting of this ASU.

The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company's financial statements.

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**NOTE 3 – PREPAID EXPENSES**

The Company had prepaid expenses amounting to $160,936 as of December 31, 2025, an increase of $56,309 from $104,627 as of December 31, 2024. This increase was primarily due to startup fees for film production.

**NOTE 4 – INVESTMENTS**

On September 28, 2023, (the "Company") entered into a Securities Exchange Agreement (the "Agreement") with Infinity Fund Australia Pty Ltd, an Australian corporation ("IFA"). Pursuant to the terms of the Agreement, the Company acquired 800,000 shares of IFA Series A Preferred stock at a cost of $1.50 per share, in exchange for 800,000 shares of WNLV Common stock registered under the S-1 Registration Statement declared effective on July 20, 2023.

In addition to the terms set forth above, the Agreement grants IFA the option to exchange up to an additional 9,200,000 shares of its Series A Preferred stock for an equivalent number of shares of the Company's Common stock. This option may be exercised by IFA at any time, by written notice to the Company, so long as the Company's S-1 Registration Statement remains effective and IFA's ownership of the Company does not exceed 4.99% as a result of the share exchange. Furthermore, the Agreement grants IFA (i) the right to repurchase its Series A Preferred stock from the Company at a purchase price to be determined by IFA's valuation at the time of repurchase; and (ii) anti-dilution protection in the event the Company issues any shares of its Common stock below $1.50 per share.

On February 27, 2024, the Company issued 9,200,000 shares of its common stock to exchange 9,200,000 shares of IFA's Series A Preferred Stock. The share exchange was valued at $1.50 per share.

During the year ended December 31, 2024 IFA repurchased 386,866 shares of its Series A Preferred Stock. The Company recorded $263,967 in proceeds from this repurchase and recorded a "loss on investments" of $316,331. The "loss on investments" represents the proceeds, net of any variable costs (i.e., gross loss), realized directly by IFA from its business activities related to its shareholdings in the Company during the period from the admission of issued shares for trading on the OTC Markets. An amount of $1,950 of these proceeds were not received and was written off in the statement of profit and loss during the year ended December 31, 2025.

For the years ended December 31, 2025, IFA repurchased 463,968 shares of its Series A Preferred Stock. The Company recorded $48,490 in proceeds from this repurchase and recorded a "loss on investments" of $647,462. The "loss on investments" represents the proceeds, net of any variable costs less cost of the investment disposed off, realized directly by the Company. The proceeds of $48,490 were not received and was written off in the statement of profit and loss during the year ended December 31, 2025.

In addition, due to ongoing uncertainty surrounding the status of the arrangement with IFA and the low likelihood of recovery of the remaining investment, management performed an assessment of recoverability and determined that the carrying value of the investment was no longer recoverable. Accordingly, the Company recorded a write-off of $13,723,749, which has been recognized as a loss on investment in the statement of profit and loss for the year ended December 31, 2025.

As of December 31, 2025 and 2024, the balance of investments was $0 and $14,419,701, respectively.

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|  | **As of** <br>**December 31,** <br>**2025** | **As of**<br>**December 31,** <br>**2024** |
| Balance at the beginning of the year | 14419701 | 1200000 |
| Shares acquired during the year |  | 13800000 |
| Shares sold during the year | (695952) | (580299) |
| Written off during the year | (13723749) | - |
| **Balance at the end of the period** | - | 14419701 |

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**NOTE 5 – NOTES PAYABLE-RELATED PARTIES**

As of December 31, 2025, and December 31, 2024, the balance of notes payable to related parties was $681,009 and $675,869, respectively. These notes have been provided on an interest-free demand basis to the Company.

The Company's financing subsequent to the change of control on September 30, 2021 primarily has come from Winvest Group Limited (Cayman), an affiliate with the same name as the Company, and based in the Cayman Islands; and from the CEO and Chairman of the Company. Winvest Group Limited (Cayman) is an equity holdings company in the wellness industry and shares the same board of directors as the Company.

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As of **December 31, 2025**, the outstanding balance of related party notes payable was comprised of the following:

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| $565,818 due to Winvest Group Limited (Cayman), |
| $56,910 due to Ms. Khiow Hui Lim, Chairman of the Company and CEO and founder of the Company's IQI subsidiary |
| $58,281 due to Mr. Jeffrey Wong Kah Mun, Chief Executive Officer and Director of the Company. |

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As of **December 31, 2024**, the outstanding balance of related party notes payable was:

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| $565,818 due to Winvest Group Limited (Cayman), |
| $65,250 due to Ms. Khiow Hui Lim, Chairman of the Company and CEO and founder of the Company's IQI subsidiary (in 2024 she was a Director of the Company). |
| $44,801 due to Mr. Jeffrey Wong Kah Mun, Chief Executive Officer and Director of the Company. |

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|:---|:---|:---|
|  | **As of** <br>**December 31,** <br>**2025** | **As of** <br>**December 31,** <br>**2024** |
| Balance at the beginning of the period / year | $675869 | $631156 |
| Additions (new advances received) |  | 44713 |
| Repayment to Khiow Hui Lim | (26395) |  |
| Repayment to Jeffrey Wong Kah Mun | (4800) |  |
| Amount paid on behalf of the Company by Khiow Hui Lim | 18055 |  |
| Amount paid on behalf of the Company by Jeffrey Wong Kah Mun | 18280 | - |
| **Balance at the end of the period** | $681009 | $675869 |

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**NOTE 6 – PROJECT ADVANCES and PROJECT ADVANCES - RELATED PARTY**

Project advances represent unsecured, interest-free advances, with no fixed terms for repayment, made by investors to help the Company fund film projects. If the film is successful the investor can recoup the money advanced as well as earning a royalty based upon the revenues generated by the film. The terms of this arrangement vary by film and by investor. The Company records royalties payable when it becomes probable that royalties will be payable. As of December 31, 2025 and 2024 the amount of total project advances were $550,000 and $550,000, respectively, of which, $150,000 and $150,000 respectively were provided by a related party, Winvest Group Limited (Cayman). No royalties had been accrued as no revenue has been generated as yet.

**NOTE 7 – CONVERTIBLE PROMISSORY NOTES**

**Convertible Note Payable**

The Company has issued Convertible Promissory Notes during the financial year.

Management has assessed that the convertible promissory notes meet the criteria for classification as debt and not equity. The Company further evaluated that the embedded feature within the Notes require bifurcation in accordance with ASC 815 and accounted for separately as a derivative liability with changes in the fair value recognized in the Consolidated Statement of Operations.

The debt portion of the convertible promissory notes were initially recorded at the principal amount, net of fair value of the embedded derivatives at issuance date, and also issuance costs and discounts, which are amortized to interest expense over the term of the notes using the effective interest method. Accordingly, the carrying amount presented represents the net amount after such costs and give rise to high effective interest rates. The effective interest rates do not reflect the Company's contractual cash borrowing cost.

---

| |
|:---|
| F-17 |
| *[**Table of Contents**](#TOCF)* |

---

***First Convertible Note***

On March 6, 2025, the Company issued a convertible promissory note with a principal amount of $75,000 to a third-party lender. The note bears interest at 10% per annum and matures on December 15, 2025. The notes are to be settled by way of cash or may be converted to ordinary shares. The conversion feature allows the holder, after 180 days, to convert any unpaid principal and interest into shares of the Company's common stock at a conversion price equal to 61% of the lowest trading price of the common stock during the ten (10) trading days prior to the conversion date. The conversion of this note is subject to certain criterions as mentioned in the Convertible Note Agreement, which include a beneficiary cap of 4.99% of shareholdings in the Company by the Note Holder.

As of issuance date, March 6, 2025, the fair value measurements were as follows:

---

| |
|:---|
| Principal amount of note: $75,000 |
| Legal fees associated with issuance: $6,500 |
| Total cash received: $68,500 |
| Value of the debt portion (net of issuance fees and discounts): $19,203 |
| Fair value of embedded derivative liability (based on level 2 inputs): $49,297 |

---

As of September 15, 2025, the third-party lender converted a principal amounting to $10,000 into 221,533 shares of common stock at a conversion price of $0.04514 per share.

As of December 19, 2025, the Company repaid partially to the third-party lender amounting to $46,200.

As of December 31, 2025, the Company recognized the following in its audited consolidated statement of operations:

· Interest expense of $62,921, which includes the amortized interest costs from date of issuance of the convertible note till the reporting date using the effective interest rate of 327.66%.

· Gain on derivative fair value change of $26,150, reflecting the remeasurement of the embedded derivative liability as of the conversion date and the reporting date.

As of December 31, 2025, this note has not yet been fully settled and has a carrying value of $25,924. and is still considered a convertible note, even though it has passed its stated maturity date, as the conversion right explicitly survives maturity and continues until the outstanding balance is settled per the Convertible Note Agreement.

As of December 31, 2025 and 2024, the first convertible note has a carrying value of $25,924 and $0 respectively.

As of December 31, 2025 and 2024, the first convertible note has a fair value (based on level 2 inputs) of $25,924 and $0 respectively.

***Second Convertible Note***

On August 13, 2025, the Company issued a convertible promissory note with a principal amount of $90,000 to a third-party lender. The note bears interest at 10% per annum and matures on August 13, 2026. The notes are to be settled by way of cash or may be converted to ordinary shares. The conversion feature allows the holder, after 180 days, to convert any unpaid principal and interest into shares of the Company's common stock at a conversion price equal to 61% of the lowest trading price of the common stock during the ten (10) trading days prior to the conversion date. The conversion of this note is subject to certain criterions as mentioned in the Convertible Note Agreement, which include a beneficiary cap of 4.99% of shareholdings in the Company by the Note Holder.

---

| |
|:---|
| F-18 |
| *[**Table of Contents**](#TOCF)* |

---

---

| | |
|:---|:---|
| <br>As of issuance date, August 13, 2025, the fair value measurements were as follows: | <br>As of issuance date, August 13, 2025, the fair value measurements were as follows: |
| ·  | Principal amount of note: $90,000 |
| ·  | Legal fees associated with issuance: $7,800 |
| ·  | Total cash received: $82,200 |
| ·  | Value of the debt portion (net of issuance fees and discounts): $20,066 |
| ·  | Fair value of embedded derivative liability (based on level 2 inputs): $62,134 |
| As of December 31, 2025, the Company recognized the following in its audited consolidated statement of operations: | As of December 31, 2025, the Company recognized the following in its audited consolidated statement of operations: |
| ·  | Interest expense of $30,276, which includes the amortized interest costs from date of issuance of the convertible note till the reporting date using the effective interest rate of 393.37%. |
| ·  | Loss on derivative fair value change of $927, reflecting the remeasurement of the embedded derivative liability as of the reporting date. |

---

As of December 31, 2025 and 2024, the second convertible note has a carrying value of $50,342 and $0 respectively.

As of December 31, 2025 and 2024, the second convertible note has a fair value (based on level 2 inputs) of $97,606 and $0 respectively.

***Third Convertible Note***

On October 24, 2025, the Company issued a convertible promissory note with a principal amount of $150,000 to a third-party lender. The note bears interest at 6% per annum and matures on October 24, 2026. The notes are to be settled by way of cash or may be converted to ordinary shares. The conversion feature allows the holder, after 180 days, to convert any unpaid principal and interest into shares of the Company's common stock at a conversion price equal to 60% of the lowest trading price of the common stock during the ten (10) trading days prior to the conversion date. The conversion of this note is subject to certain criterions as mentioned in the Convertible Note Agreement, which include a beneficiary cap of 4.99% of shareholdings in the Company by the Note Holder.

As of issuance date, October 24, 2025, the fair value measurements were as follows:

---

| |
|:---|
| Principal amount of note: $150,000 |
| Legal fees associated with issuance: $5,000 |
| Issuance discount: $15,000 |
| Total cash received: $130,000 |
| Value of the debt portion (net of issuance fees and discounts): $25,828 |
| Fair value of embedded derivative liability (based on level 2 inputs): $104,172 |

---

As of December 31, 2025, the Company recognized the following in its audited consolidated statement of operations:

· Interest expense of $24,810, which includes the amortized interest costs from date of issuance of the convertible note till the reporting date using the effective interest rate of 515.62%.

· Loss on derivative fair value change of $721, reflecting the remeasurement of the embedded derivative liability as of the reporting date.

As of December 31, 2025 and 2024, the third convertible note has a carrying value of $50,638 and $0 respectively.

As of December 31, 2025 and 2024, the third convertible note has a fair value (based on level 2 inputs) of $152,738 and $0 respectively.

***Embedded Derivative Liability***

In accordance with ASC 815-15-25, the Company evaluated the terms of the conversion feature of each of the convertible promissory notes and determined that it represents an embedded derivative that is not clearly and closely related to the host debt instrument. Specifically, the variability in the conversion price based on market prices causes the feature to meet the definition of a derivative under ASC 815-10-15-83. Accordingly, the conversion option was bifurcated from the host instrument and accounted for separately as a derivative liability at fair value at inception and remeasured at fair value at each reporting date, with changes in fair value recognized in the statement of comprehensive income. The Company adopted a simplified discounted cash flow (DCF) model based on a discounted contractual payoff approach, whereby the embedded derivative is valued at the contractually determinable conversion premium, representing the economic benefit upon conversion, discounted to present value using observable risk-free interest rates over the contractual time to conversion. The Company has determined that the valuation of the derivative liability is appropriately classified within Level 2, as the valuation is based primarily on contractually defined conversion terms, which are directly observable, the discount rate applied is based on observable U.S. Treasury rates and the timing of cash flows is derived from fixed contractual maturity or conversion dates. Accordingly, no significant unobservable inputs are used in the valuation.

The Company engaged an independent valuation specialist to determine the fair value of the embedded derivative for the first convertible promissory note as of the issuance date and for the period ended March 31, 2025. Thereafter, the Company performed internal valuations for all subsequent reporting dates.

**NOTE 8 – COMMITMENTS AND CONTINGENCIES**

Other than as disclosed elsewhere above, the Company has contingencies as of December 31, 2025, and December 31, 2024 of $125,000 and $100,000 respectively. The contingency is raised as the Company has not assessed and submitted its tax filings for the five most recent tax year ends. This creates an exposure to a potential liability for interest and penalties of $25,000 per year which has been recorded in the consolidated financial statements.

---

| |
|:---|
| F-19 |
| *[**Table of Contents**](#TOCF)* |

---

**NOTE 9 – INCOME TAX**

The Company and its two subsidiaries were incorporated in the United States of America and were subject to United States federal taxation at the tax rate of 21%. No provisions for income taxes have been made as the Company and two subsidiaries have no taxable income for the period. As of December 31, 2025, the Company and two subsidiaries had cumulative net operating losses (NOL's) aggregating $120,846,266 that may be available to reduce future years' taxable income. Future tax benefits that may arise as a result of these losses have not been recognized in these financial statements as their realization is determined not likely to occur and, accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. No tax benefit has been realized since a 100% valuation allowance has offset deferred tax assets resulting from the net operating losses.

Provision for income tax consists of the following:

---

| | | |
|:---|:---|:---|
|  | **For the year ended**<br>**December 31, 2025** | **For the year ended December 31, 2024** |
| Current income tax (benefit) |  |  |
| &nbsp;&nbsp;U.S. | $- | $- |
| Deferred income tax |  |  |
| &nbsp;&nbsp;Deferred tax assets for NOL carry-forwards | 3159380 | 227020 |
| &nbsp;&nbsp;Valuation allowance | (3159380) | (227020) |
| Net changes in deferred income tax (benefit) | - | - |
| &nbsp;&nbsp;Total income tax provision | $- | $**-** |

---

The net loss before income taxes and its provision for income taxes as follows:

---

| | | |
|:---|:---|:---|
|  | **For the year ended** <br>**December 31, 2025** | **For the year ended December 31, 2024** |
| Net loss before income tax | $(15044666) | $(1081047) |
| Statutory tax rate | 21% | 21% |
| Tax expenses (benefit) at the statutory tax rate, net | (3159380) | (227020) |
| Valuation allowance | 3159380 | 227020 |
| Income tax expenses, net | $- | $**-** |

---

A reconciliation between of the statutory tax rate to the effective tax rate are as follows:

---

| | | |
|:---|:---|:---|
|  | **For the year ended** <br>**December 31, 2025** | **For the year ended December 31, 2024** |
| Statutory tax rate | (21)% | (21)% |
| Reconciling items: |  |  |
| Valuation allowance | 21% | 21% |
| Effective tax rate | -% | -% |

---

Significant components of the Company's deferred taxes assets as follows:

---

| | | |
|:---|:---|:---|
|  | **As at**<br>**December 31, 2025** | **As at**<br>**December 31, 2024** |
| Net operating loss carry-forwards | $25377716 | $22218336 |
| Less: Valuation allowance | (25377716) | (22218336) |
| Deferred tax assets, net | $- | $**-** |

---

---

| |
|:---|
| F-20 |
| *[**Table of Contents**](#TOCF)* |

---

**NOTE 10 – ACCRUED LIABILITIES**

As of December 31, 2025, the Company had accrued liabilities of $135,289, which is a decrease of $46,619 from $181,908 as of December 31, 2024. The accrued liabilities as of December 31, 2025 consist of amounts owed for staff costs, audit fees and other administrative expenses

Included in accrued liabilities are amounts payable to the related parties of the Company which is our Company's Chairman, Khiow Hui Lim for marketing advisory services rendered to the Company.

The following marketing advisory fees were accrued as of the respective year-ends:

· Khiow Hui Lim: $56,000 accrued for the year ended December 31, 2025, and $24,000 accrued for the year ended December 31, 2024. The total amount of marketing advisory services incurred and services provided by Khiow Hui Lim was $48,000 for the year ended December 31, 2025, and $48,000 for the year ended December 31, 2024.

· Charlene Logan Kelly: $0 accrued for the year ended December 31, 2025, and $12,000 accrued for the year ended December 31, 2024. The total amount of marketing advisory services paid to Charlene Logan Kelly was $0 for the year ended December 31, 2025, and $24,000 for the year ended December 31, 2024.

**NOTE 11 – EQUITY**

**<u>Common Stock</u>**

As of December 31, 2025, the Company had 4,500,000,000 authorized shares of Common Stock with a par value of $0.001. As of December 31, 2025, and December 31, 2024, there were 110,994,283 and 109,369,075 shares of Common Stock issued and outstanding, respectively.

*<u>2025 Issuances</u>*

During the year ended December 31, 2025 the Company issued the following common shares:

---

| |
|:---|
| 1,000,000 common shares were issued to investor for proceeds of $100,000 |
| 50,000 common shares were issued to investor for proceeds of $10,000 |
| 213,675 common shares were issued to investor for proceeds of $50,000 |
| 50,000 common shares were issued to investor for proceeds of $20,000 |
| 90,000 common shares were issued to Charlene Logan for compensation of salary |
| 221,533 common shares were issued to investor for conversion of convertible note |

---

*<u>2024 Issuances</u>*

During the year ended December 31, 2024 the Company issued the following common shares:

---

| |
|:---|
| 607,500,000 common shares upon the conversion of 12,150,000 Series Preferred shares |
| 133,000 common shares were sold under the Form S-1 registration statement, for proceeds of $199,500 |
| 9,200,000 common shares were exchanged for 9,200,000 shares of Series A Preferred Stock of IFA. These shares were valued at $13,800,000. See Note 3 – Investments |
| 550,000,000 common shares were cancelled in return of 11,000,000 Series Preferred shares |
| 200,000,000 common shares upon the conversion of 4,000,000 Series Preferred shares |
| 175,890,000 common shares were cancelled in return of 3,517,800 Series Preferred shares |
| 100,000 common shares were donated to Wichita State University Foundation |

---

---

| |
|:---|
| F-21 |
| *[**Table of Contents**](#TOCF)* |

---

**<u>Preferred Stock</u>**

As of December 31, 2025, the Company has authorized 300,000,000 shares of Preferred Series A Stock. As of December 31, 2025, and December 31, 2024, there were 226,206,479 and 226,206,479 Preferred Series A shares issued and outstanding, respectively. Each share of preferred stock is convertible to 50 shares of common stock.

**NOTE 12 – CONCENTRATIONS OF RISKS**

(a) Major customers

For the years ended December 31, 2025 and 2024, there were two and four customers respectively who accounted for more than 10% of the Company's revenues. The customers who accounted for more than 10% of the Company's revenues and its outstanding receivable balance at period-end is presented below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the year**<br>**ended December 31** | **For the year**<br>**ended December 31** | **For the year**<br>**ended December 31** | **For the year**<br>**ended December 31** | **For the year**<br>**ended December 31** | **For the year**<br>**ended December 31** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
| **Major Customers**  | **Revenues** | **Revenues** | **Percentage**<br>**of revenues** | **Percentage**<br>**of revenues** | **Accounts** <br>**receivable, trade** | **Accounts** <br>**receivable, trade** |
| Customer A | $- | $45700 | -% | 59% | $- | $- |
| Customer B |  | 10000 |  | 13 | 10000 | 10000 |
| Customer C |  | 10640 |  | 14 |  |  |
| Customer D |  | 8500 |  | 11 |  | 5100 |
| Customer E | 14000 |  | 18 |  |  |  |
| Customer F | 61676 | - | 79 | - | - | - |
| Total | $75676 | $74840 | 97% | 97% | $10000 | $15100 |

---

(b) Major vendors

For the years ended December 31, 2025 and 2024, there were four and two vendors respectively who accounted for more than 10% of the Company's cost of revenue. The vendors who accounted for more than 10% of the Company's cost of revenue and its outstanding payable balance at period-end is presented below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **For the year**<br>**ended December 31** | **For the year**<br>**ended December 31** | **For the year**<br>**ended December 31** | **For the year**<br>**ended December 31** | **For the year**<br>**ended December 31** | **For the year**<br>**ended December 31** |
|  | **2025** | **2024** | **2025** | **2024** | **2025** | **2024** |
| **Major Vendors**  | **Cost of revenue** | **Cost of revenue** | **Percentage**<br>**of Cost of revenue** | **Percentage**<br>**of Cost of revenue** | **Accounts** <br>**payable, trade** | **Accounts** <br>**payable, trade** |
| Vendor A | $- | $10400 | -% | 13% | $- | $- |
| Vendor B |  | 20000 |  | 25 |  | 2255 |
| Vendor C | 5000 |  | 11 |  |  |  |
| Vendor D | 8450 |  | 18 |  |  |  |
| Vendor E | 5632 |  | 12 |  |  |  |
| Vendor F | 6500 | - | 14 | - | - | - |
| Total | $25582 | $30400 | 55% | 38% | $- | $2255 |

---

(c) Credit risk

Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its trade receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

(d) Liquidity risk

For the year ended December 31, 2025, the Company incurred a net loss of $15,044,666, suffered accumulated deficit of $120,846,266 and experienced negative cash flows from operating activities of $551,290. These conditions raise substantial doubt about the ability of the Company to continue as a going concern.

**NOTE 13 – SUBSEQUENT EVENTS**

In accordance with ASC Topic 855, "Subsequent Events", which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after December 31, 2025 up through the date the Company issued the financial statements.

On January 27, 2026, Wan Nyuk Ming resigned from his positions as Chairman of the Board and Director of Winvest Group Ltd., and Ng Chian Yin resigned from his position as Director of Winvest Group Ltd., each for personal reasons. The resignations were not the result of any disagreement with the Company, its management, or the Board regarding the Company's operations, policies, or practices.

On January 27, 2026, the Board of Directors of Winvest Group Ltd. appointed Khiow Hui Lim as Chairman of the Board, effective immediately. Ms. Khiow Hui Lim will serve as Chairman in addition to her existing role as a director of the Company.

On February 17, 2026, the Company received a notice of conversion from Labrys Fund II, LP pursuant to a convertible promissory note dated August 14, 2025. The holder elected to convert an aggregate amount of $12,749, consisting of $6,638.04 in principal, $4,610.96 in accrued interest, and $1,500 in fees, into 5,500,000 shares of the Company's common stock at a conversion price of $0.002318 per share. Following the conversion, the remaining principal balance outstanding under the note was $83,361.96, with no accrued and unpaid interest remaining.

Other than the matters described above, the Company has evaluated subsequent events through the date the financial statements were issued and has determined that there were no additional subsequent events that require disclosure or adjustment to the financial statements.

## Exhibit 31.1

**EXHIBIT 31.1**

**CERTIFICATION**

I, Jeffrey Wong Kah Mun, certify that:

1. I have reviewed this annual report on Form 10-K for the fiscal year ended December 31, 2025, of Winvest Group Ltd.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Dated: May 8, 2026 | By: | */s/ Jeffrey Wong Kah Mun* |
|  |  | Jeffrey Wong Kah Mun,<br> CEO and CFO |

---

## Exhibit 31.2

**EXHIBIT 31.2**

**CERTIFICATION**

I, Jeffrey Wong Kah Mun, certify that:

1. I have reviewed this annual report on Form 10-K for the fiscal year ended December 31, 2025, of Winvest Group Ltd.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Dated: May 8, 2026 | By: | */s/ Jeffrey Wong Kah Mun* |
|  |  | Jeffrey Wong Kah Mun,<br> CEO and CFO |

---

## Exhibit 32.1

**EXHIBIT 32.1**

CERTIFICATION

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual report on Form 10-K of Winvest Group Ltd., (the "Company") for the fiscal year ended December 31, 2025, as filed with the Securities and Exchange Commission (the "Report"), I, Jeffrey Wong Kah Mun, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

---

| | | |
|:---|:---|:---|
| Dated: May 8, 2026 | By: | */s/ Jeffrey Wong Kah Mun* |
|  |  | Jeffrey Wong Kah Mun,<br> CEO and CFO |

---

*This certification accompanies this Annual Report on Form 10-K pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by such Act, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.*