Company: KMRK
Filing Date: 2025-04-07
Form Type: DRS/A
Source: 0001213900-25-029283
Chunk: 113

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-04-07
Form: DRS/A
Chunk 113
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 to introduce products that effectively meet market needs. In contrast, new entrants often lack the accumulated knowledge and expertise required to compete effectively. Long-term Customer Relationships Established manufacturers benefit from strong distribution networks and a stable customer base. With superior quality control and high -qualityproducts, they enjoy a high level of customer trust and recognition. This positions them well for further collaboration with potential customers. New entrants, however, need time to build similar relationships and explore opportunities for customer cooperation. Technology innovation capability Leading toy exporters often have experienced technical teams and sufficient capital to adopt the latest technologies, enhancing their R&D capabilities and production efficiency. Conversely, new entrants typically lack access to cutting -edgetechnologies and skilled talent, limiting their ability to develop competitive products. Talent Acquisition and Retention The ODM & OBM sectors of the toy industry requires expertise across multiple domains such as design, engineering, production, and market knowledge. Attracting candidates with skills in toy design, materials science, and manufacturing processes is critical. To retain talent, companies must provide ongoing training in areas such as design tools, manufacturing technologies, and emerging industry trends. Additionally, offering clear career progression opportunities can enhance employee engagement and long -termretention. 73 BUSINESS OVERVIEW We are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after -salesservices. We specialize in the development of infant and pre -schooleducational toys and learning kits. We started our operation in 2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned brands and intellectual properties in toy products. We have strong capability in product innovation, design and project management which allow us to provide product development solution to transform conceptual design into prototypes and further into commercialization of toy products. We have developed a nimble and low -fixedcost business model whereby our products are mostly manufactured and supplied by Fully Starise which represents approximately 85% of our cost of goods sold. Fully Starise is an independent third party supplier that operates a factory in the PRC. We consider Fully Starise a reliable partner and strong back up of production capability to us whereby we have entered into long term supply agreement with Fully Starise to secure stable and quality supply of toy products. Meanwhile, we are also currently exploring Vietnam and/or other