King Resources, Inc.

King Resources, Inc.

Corporate identity and structure

• Headquartered in Hong Kong. Delaware holding company: King Resources, Inc. (no operations at the parent level).
• Primary operating subsidiary: Heavenly Grace Limited (Hong Kong).
• Other subsidiaries: OneSolution Holdings Limited (OSH, BVI) and OneSolution Innotech Limited (OSIL, HK).
• History: A 2024 corporate restructuring disposed of Powertech entities. Heavenly Grace Limited was acquired in November 2024 and now operates the arts and collectibles business.

Core business

• Operates an online and physical arts and collectibles trading platform through Heavenly Grace.
• Combines traditional authentication, valuation and certification services with blockchain/NFT technology to create Digital Ownership Tokens (DOTs) that document title, provenance and ownership history for each artwork or collectible.
• DOTs are digital ownership titles minted by third parties; the company generally does not mint or custody DOTs itself.

Platform hosting and sales channels

• Online trading platform hosted in Hong Kong.
• Primary sales channels include third-party auction houses in Hong Kong and France.
• Plans to expand to a peer-to-peer (P2P) model on its platform to connect sellers and collectors, earning fees on transactions.

DOT deployment and logistics

• DOTs are minted on supported blockchains: Binance Smart Chain and Polygon.
• Uses a “sell then mint” approach: DOTs are minted after a sale whenever feasible.
• Underlying physical artworks are stored in Heavenly Grace’s warehouse and insured.
• After a DOT is sold, customers may choose to have the artwork shipped; shipping and insurance are paid by the customer.

Services (AVC-CSE ecosystem)

• Authentication, valuation and certification (AVC) performed by independent appraisers.
• Sale and purchase facilitation, hire purchase and financing, custody and security (CSE), and exhibition services.
• DOT tagging of client-owned collectibles.

Asset protection and provenance

• DOTs embed authentication data, independent valuation, 3D renderings, high-definition images, AI recognition files and legal documents to support ownership and provenance.
• DOT metadata and related materials are stored on blockchain and/or decentralized storage where feasible.

DOT technology and token details

• Each physical item minted into an individual DOT representing ownership title.
• Metadata components are intended to enhance provenance and authenticity verification: independent valuation, 3D rendering, high-definition photos, AI recognition file and legal documents.
• DOTs are minted for each sold item by third parties; DOTs may be stored with the physical item prior to sale or minted after a sale.
• The company generally does not maintain custody of DOTs or crypto assets. Ownership transfers are recorded on the DOT and the platform ledger when DOTs are minted and sold.

Customers and revenue

• Major customers (three) accounted for 100% of revenue in the 12 months ended March 31, 2026:
  • Marvel Digital Group Limited: $57,600
  • Mirum Digital Media Limited: $569,706
  • Sunny Hill Technology Limited: $203,356
• For the year ended March 31, 2025, Marvel Digital Group Limited was the major single customer contributing $76,921.
• Revenue:
  • Year ended March 31, 2026: $830,662
  • Year ended March 31, 2025: $76,921
• Net income (loss):
  • 2026: net loss of $2,184,179
  • 2025: net income of $1,948,092
• Major revenue drivers:
  • Sale of art and collectibles at or above appraised values
  • Platform and transaction fees from secondary and subsequent sales
  • AVC-related services (authentication, valuation, certification)
  • Financing, hire purchase and related CSE services

Employees

• Three full-time employees/consultants located in Hong Kong and the PRC:
  • Executive officer
  • Operations and R&D
  • Administration staff

Financial position (years ended March 31)

• 2026:
  • Revenue: $830,662
  • Net income: -$2,184,179 (net loss)
  • Current assets: $299,364
  • Current liabilities: $1,493,053
• 2025:
  • Revenue: $76,921
  • Net income: $1,948,092
  • Current assets: $41,853
  • Current liabilities: $996,386
• Going concern: Consolidated financial statements were prepared on the assumption of continued operation; continuation depends on improved profitability and ongoing financial support from stockholders.

Platform scope and market positioning

• Operates an online trading platform and a physical gallery presence in Hong Kong.
• Primary sourcing from China and Hong Kong with plans to broaden worldwide.
• Works with third-party auction houses in Hong Kong and France.
• Targets NFT/blockchain-enabled provenance and certification solutions for art and collectibles, competing with traditional auction houses and technology-enabled platforms.

Liquidity and capital plans

• Near-term capital needs estimated at approximately $10 million over the next 18–24 months to implement the business plan.
• Financing options include loans from existing stockholders or financial institutions, equity financing, debt or strategic collaborations.
• Current liquidity plan emphasizes continued support from existing stockholders and potential external financing.

Business model summary

• Combines traditional art services with blockchain-based DOTs to document ownership and provenance.
• Revenue sources: sale commissions/fees, platform fees and AVC/CSE-related services.
• Uses a “sell then mint” model to align tokenization with actual sales.
• Maintains warehouse storage and insurance for physical assets while DOTs serve as digital ownership records linked to the tangible items.

All figures and statements above are taken from the company’s disclosed data for the cited fiscal years.