Company: KMRK
Filing Date: 2025-06-05
Form Type: F-1/A
Source: 0001213900-25-051459
Chunk: 109

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-06-05
Form: F-1/A
Chunk 109
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 and promotional tie-ins to succeed. An increasing number of toy manufacturers are partnering with companies from other industries, especially fast-food chains, to enhance their promotions. Additionally, toy makers are entering licensing agreements with movie studios to produce merchandise featuring film characters such as Minions, Marvel heroes, Batman, and Disney characters. Successful products also often emerge from popular mobile and video games like Pokémon GO, League of Legends, Apex Legends, Monster Hunter, and The Legend of Zelda. Social media marketing has become an increasingly vital promotional strategy for boosting toy and game sales. Enchancing Toy Safty Standards Safety standards, regulations, and codes of practice have long been a major concern for overseas buyers. In response, the International Council of Toy Industries (ICTI), with the active involvement of Hong Kong toy manufacturers, introduced the ICTI Code of Business Practice for manufacturers, distributors, and retailers of toys and related merchandise in member countries. This code is supplemented by the CARE auditing process, which ensures compliance with these standards. Rapid Development of Children Today’s youth are developing faster than previous generations. Many children as young as eight years old are now engaging with video games, computers, music, and cosmetics. This trend challenges toy manufacturers to design innovative toys that capture their interest. Simultaneously, there is growing demand for toys that foster the development of brainpower, creativity, coordination, and sensory skills. Educational and hi-tech toys featuring Science, Technology, Engineering, and Mathematics (STEM) concepts have gained significant attention at global toy and game fairs. Toys that are both fun and capable of supporting parent-child interaction while encouraging learning and creativity are in high demand. Market Size of Toy Exports in Hong Kong According to the Hong Kong Trade Statistics from the Census and Statistics Department, the exports of traditional toys and games were valued at approximately HK$6,013.8 million (US$____), while electronic and video games were valued at approximately HK$4,266.2 million (US$_____) in Hong Kong as of the end of September 2024. In 2023, the export of traditional toys and games in Hong Kong was valued at approximately HK$7,415.8 million (US$____), reflecting a 1.6% decrease compared to the previous year. In contrast, the export of electronic and video games in Hong Kong in 2023 was valued at approximately HK$10,074.2 million (US$____), reflecting a 1.2% increase compared to the previous year. Market Drivers Rising Consumer Demand for Innovation Trends