v3.26.1
DESCRIPTION OF BUSINESS AND ORGANIZATION
3 Months Ended
Jun. 30, 2026
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. Currently, the Company through its subsidiaries, is engaged primarily in the internet-related technical consultancy services and sales of arts and collectibles in Hong Kong.

 

On May 1, 2026, the Company completed an internal corporate restructuring exercise and closed down its wholly-owned subsidiary, OneSolution Management Limited, which was an investment holding entity. The Company recorded a loss of $34,322 from its closure, accordingly.

 

 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 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”.