K-TECH SOLUTIONS CO LTD

K-TECH SOLUTIONS CO LTD designs, develops, tests, and sells a diverse portfolio of toy products, ranging from simple plastic toys to complex electromechanical toys. The company's solution services cover the entire development stage of toy products, including design, prototype testing, production management, quality control, and after-sales services. K-TECH SOLUTIONS CO LTD specializes in the development of infant and pre-school educational toys and learning kits. Operations began in 2016, and the company has established relationships with customers primarily located in European and North American countries that possess renowned brands and intellectual properties in toy products. K-TECH SOLUTIONS CO LTD focuses on product innovation, design, and project management to provide product development solutions, transforming conceptual designs into prototypes and then into commercialized toy products. The company operates with a nimble and low-fixed cost business model. Most products are manufactured and supplied by Fully Starise, an independent third-party supplier operating a factory in the PRC, which accounts for approximately 82% of K-TECH SOLUTIONS CO LTD's cost of goods sold. A long-term supply agreement is in place with Fully Starise to ensure stable and quality supply. K-TECH SOLUTIONS CO LTD is also exploring Vietnam and/or other Southeast Asian countries for potential manufacturing locations, with plans to set up its own factory primarily for assembling components purchased from other companies. The Hong Kong toy industry, where K-TECH SOLUTIONS CO LTD operates, is fragmented with many players categorized as OBM, OEM, and ODM.