U.S. reporting company · SEC CIK 0001293818 · Delaware
CapForce Inc. CFOR · OTC

Business

What We Do

Listing sponsorship and capital markets advisory, delivered through our operating subsidiaries.

CapForce Inc. provides listing sponsorship and strategic advisory services to growth-oriented private companies, supporting them throughout the public listing process — including transaction structuring, regulatory compliance, investor readiness and market positioning. The Company focuses on companies, particularly in Asia, seeking access to U.S. capital markets, including potential listings on major exchanges such as the NYSE and Nasdaq.

Structure

Operating subsidiaries

Subsidiaries of CapForce Inc. as listed in Exhibit 21.1 to the Annual Report on Form 10-K for the year ended 31 December 2025.
EntityJurisdiction of incorporation
CapForce International Holdings Ltd. (“CapForce International”)Malaysia
CapForce International Singapore Pte Ltd. (“CapForce Singapore”)Singapore
Sun Investment Enterprises Limited (“SIE” or the “Holding Company”)British Virgin Islands
iCapX Sdn. Bhd. (“iCapX”)Malaysia

CapForce International Holdings Ltd.

Incorporated in Labuan, Malaysia. CapForce International provides listing consultancy and sponsorship services, and is the developer and operator of the CapForce EC platform described below.

iCapX Sdn. Bhd.

Incorporated in Malaysia and acquired by the Company in December 2025. iCapX provides cap table management services. The platform also provides customers with proprietary datasets of structured private company equity information, enhancing due diligence capabilities, improving listing readiness assessments and supporting pricing accuracy.

CapForce International Singapore Pte Ltd.

Based in Singapore, and largely a personnel entity with minimal operations.

Platform

The CapForce EC platform

CapForce International Holdings Ltd has developed and will operate an offshore stock trading platform, CapForce EC, in collaboration with European Credit Investment Bank Ltd (ECIB), a Labuan-licensed investment bank. CapForce International acts as the financial technology platform developer and operator; the relevant stock brokerage activity is carried out under ECIB’s investment banking licence, out of the offshore jurisdiction of Labuan, Malaysia.

Regulatory status. CapForce Inc. and CapForce International Holdings Ltd are not licensed investment banks. Brokerage activity on the CapForce EC platform is conducted under the investment banking licence held by ECIB.

Development of the platform is complete and CapForce International has been conducting internal pilot testing.