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DESCRIPTION OF BUSINESS AND ORGANIZATION
 6 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
DESCRIPTION OF BUSINESS AND ORGANIZATION

NOTE – 2 DESCRIPTION OF BUSINESS AND ORGANIZATION

 

King Resources, Inc. (the “Company”) was incorporated in the State of Delaware on September 8, 1995, under the name of ARXA International Energy, Inc. On June 4, 2001, the Company changed its name to King Resources, Inc. Effective December 27, 2023, the Company changed its name to OneSolution Technology Inc. Effective September 9, 2025, the Company changed its name to King Resources, Inc., its current name.

 

On September 30, 2024, the Company conducted the corporate restructuring by disposing of all equity interests in Powertech Management Limited and Powertech Corporation Limited, and the disposal of these subsidiaries resulted from a net gain of $2,513,875. On November 21, 2024, the Company acquired Heavenly Grace Limited from a related party at its net carrying value of approximately $7,000, which did not operate any businesses in prior years.

 

On September 9, 2025, the Company effectuated a reverse split of its common shares at a ratio of 1-for-10,000. All share and per share amounts have been retroactively adjusted to reflect the reverse split for all periods presented.

 

Description of subsidiaries

               
Name  

Place of incorporation

and kind of

legal entity

  

Principal activities

and place of operation

   Particulars of registered/paid-up capital  

Effective interest

held

                 
OneSolution Holdings Limited   British Virgin Islands   Investment holding   50,000 ordinary shares at par value of US$1   100%
                 
OneSolution Management Limited   British Virgin Islands   Investment holding   50,000 ordinary shares at par value of US$1   100%
                 
OneSolution Innotech Limited   Hong Kong   Product development and trading   10,000 ordinary shares for HK$10,000   100%
                 
Heavenly Grace Limited   Hong Kong   Trading of arts and collectibles   10,000 ordinary shares for HK$10,000   100%

 

The Company and its subsidiaries are hereinafter referred to as the “Company”.