Fri, May 9, 4:46 PM (2 days ago)
**KB Global Holdings Limited (KBGL) - Summary** **Company Overview:** KB Global Holdings Limited (KBGL) is a Cayman Islands-based holding company with a wholly-owned subsidiary in Hong Kong. Through a Variable Interest Entity (VIE) agreement, KBGL controls Beijing Kezhao Technology Co., Ltd. (BJKZ), a Chinese high-tech software development and consulting firm. **Financial Performance (2024 vs. 2023):** - **Revenue:** $179,613 (2024) vs. $0 (2023) - **Net Loss:** $74,221 (2024) vs. $96,372 (2023) - **Operating Expenses:** $133,595 (2024) vs. $108,518 (2023) - **Earnings per Share:** $(0.00) for both years - **Total Assets:** $50,317 (2024) vs. $416,325 (2023) - **Total Liabilities:** $320,971 (2024) vs. $611,408 (2023) - **Shareholders' Deficit:** $(270,654) (2024) vs. $(195,083) (2023) **Strategic Overview:** KBGL aims to expand its market for the Enterprise Digital Management System Integration and develop high-end material manufacturing capabilities. The company focuses on enhancing brand recognition, achieving greater synergy with industry leaders, and fostering strategic partnerships. **Future Outlook:** KBGL plans to invest in IT infrastructure, expand its client base, and increase market penetration. The company also intends to enhance its software development business and maintain consistent service quality. **Risk Factors:** KBGL faces market risks, operational challenges in scaling, and regulatory compliance across different jurisdictions. The company has identified material weaknesses in its internal controls, including a lack of a functioning audit committee and inadequate segregation of duties. **Financial Condition:** KBGL's financial condition has improved slightly, with a reduced net loss and better cash management. However, the company still faces significant liabilities and a shareholders' deficit. **Market Position Changes:** There is no trading market for KBGL's ordinary shares, and the company has not paid dividends. KBGL has 130,097,000 shares issued and outstanding as of May 8, 2025. **Amendment Details (10-K/A):** KBGL filed this amendment to correct the Report of Independent Registered Public Accounting Firm included in the financial statements. No other changes were made to the financial statements or disclosures in the Original Filing. This amendment does not reflect events occurring after the date of the Original Filing and does not modify or update any other disclosures therein.