EDGAR 10-K Filing

Company CIK: 1897525
Filing Year: 2025
Filename: 1897525_10-K_2025_0001829126-25-003471.json

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ITEM 1. BUSINESS
Item 1. BUSINESS
Overview
KB Global Holdings Limited (“KB Global”), through a wholly-owned Hong Kong subsidiary, owns all of the equity in a wholly foreign-owned enterprise organized in the People’s Republic of China (“PRC”) under the name Suzhou Keju Enterprise Management Consulting Limited (the “WFOE”). The WFOE is party to an agreement (the “VIE Agreements”) that give the WFOE substantial control over the operations of a PRC limited company named Beijing Kezhao Technology Co., Ltd. (“BJKZ”), in exchange for which the WFOE is entitled to receive a fee determined by the WFOE, which will represent substantially all of the net income of BJKZ. As a result of the VIE Agreement, KB Global is required by U.S. generally accepted accounting principles to consolidate in the financial statements included in this Report BJKZ’s accounts and financial results.
BJKZ was organized in the PRC in August 2018 to provide information technology development and consulting services. Since that time BJKZ has organized a staff trained in high tech software development and developed the schematics for a product line consisting of innovative digital management systems. This includes the development of an Enterprise Digital Management System Integration aimed at transforming business operations through an advanced technology solution.
Our Enterprise Digital Management System Integration will provide industrial clients with an enterprise level information management system integrating the following company-wide operations with components as chosen by the customer:
● Enterprise Collaboration System: Enhancing internal communication and collaboration among employees within the organization. Components may include real-time messaging, file sharing, document collaboration, task assignment and team calendars.
● Project Management System: Providing robust tools for planning, tracking and managing projects efficiently. Components may include capabilities for project planning, task scheduling, resource allocation, progress tracking, risk management and reporting.
● Customer Relationship Management (CRM) System: Streamlining interactions with current and potential clients to foster improved business relationships. Components may include modules for lead management, contact management, sales pipeline tracking, customer support ticketing and analytics.
● Enterprise Resource Planning (ERP) System: Integrating essential business processes such as finance, human resources, procurement and supply chain management into a unified system. Components may include modules for accounting, inventory management, human resources, procurement, supply chain management and reporting.
● Financial Data Analysis System: Offering analytical tools to support informed decision-making. Components may include tools for data visualization, trend analysis, forecasting, budgeting, financial modeling and custom reporting.
In September 2023 BJKZ entered into its first development agreement, in which it contracted that within one year it would provide its customer, Beijing Kabeilongteng Investment Center, with a made-to-order Enterprise Digital Management System Integration configured to function on Beijing Kabeilongteng’s server. The contract provided that, as the software was made to the order of Beijing Kabeilongteng, that entity would own and register the copyright on the resulting product. The contract price was RMB 1,304,582 (U.S. $180,715), payable 80% in advance, 10% on completion and 10% one year after acceptance of the software. KB Global recordes U.S. $179,613 in revenue from the contract during the first quarter of 2024. The Company has not completed any subsequent sales, but is focused on further developing its software products.
BJKZ’s plan for the future is focused on expanding the market for its Enterprise Digital Management System Integration. In parallel, BJKZ intends to commit resources to development of a capacity for high-end material manufacturing that we envision as seamlessly integrated with our software development endeavors. By leveraging advanced materials and cutting-edge technologies, we hope to not only drive innovation within the manufacturing industry but also enhance our software solutions with state-of-the-art components and capabilities.
This strategic synergy between software development and high-end material manufacturing should allow us to offer comprehensive solutions that boost operational efficiency and drive technological advancement. Our goal is to position ourselves as leaders in both industries through continuous innovation and strategic integration of diverse technological domains.
Business Strategies
We aspire to become one of the most trusted high-tech driven brands among China’s population. To achieve this goal, in addition to relying on our existing strengths, we intend to pursue the following strategies:
● Further enhance our brand recognition among individuals and institutional clients in China;
● Achieve greater synergy with industry leaders;
● Continue product innovation to enhance our value proposition for our clients;
● Further grow our client base and increase our market penetration nationwide;
● Enhance our IT infrastructure and proprietary database; and
● Foster strategic partnerships with clients and partners, leveraging synergies and shared resources to drive mutual growth.
Our Competitive Strengths
We believe that the following competitive strengths will contribute to our success and ongoing growth:
● A targeted and strategic sales network;
● Client-oriented culture and value-added product selection;
● Established industry and corporate relationships;
● Rigorous risk management and periodic alignment; and
● Experienced management team with local China market know-how.
Risk Control Procedures
The Company has set up a risk management and control division and a risk control system that covers every link of the business and allows the group to have real-time updates of credit risks, market risks, operational risks and reputational risks commonly seen in the industry, and based on regulatory requirements, business rules and regulations, to conduct compliance evaluation of products and projects and implement strict scrutiny, putting risk control measures in place during product innovation and later-stage management in terms of business requirements and technological realization.
IT Infrastructure
We intend to use OA, CRM, and Wealth Cloud as the IT infrastructure to sell our products. IT infrastructure is an important component of our business operations, which supports our client relationship management and product research and development. We plan to continue to invest in our IT infrastructure by adding new features and functionalities and by improving existing software and IT modules. We expect that our improved IT infrastructure and more advanced platform will enable us to scale up our business and maintain consistent service quality as we further expand our coverage network and client base. Since 2023, BJKZ has expanded its existing operational experience in software development, leading the creation of an Enterprise Digital Management System Integration aimed at revolutionizing how businesses manage their operations.

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ITEM 1A. RISK FACTORS
ITEM 1A. Risk Factors
As A Smaller Reporting Company, We Are Not Required To Provide A Statement Of Risk Factors.

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ITEM 1B. UNRESOLVED STAFF COMMENTS
ITEM 1B. UNRESOLVED STAFF COMMENTS
As of the date of this report, we have no unresolved comments from the SEC staff regarding our periodic or current reports under the Exchange Act.

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ITEM 2. PROPERTIES
ITEM 2. PROPERTIES
The principal executive offices of KB Global and its WFOE are located at No. 3 Building of No. 1 Jiali Construction Plaza FL 13, No. 4th Central Road, Futian, Shenzhen, Guangdong Province, 518000, People’s Republic of China. This facility is leased and serves as the central hub for our administrative and operational activities. We believe our current facilities are adequate to meet our present needs and that suitable additional or alternative space will be available as required.
The operations of BJKZ are carried out at 191 Second Floor, Block B, Building 1, No. 2 Yongcheng North Road, Beijing. BJKZ pays RMB8,000 (U.S. $1,108) per year to lease the facility. The facility is located in an industrial development zone, providing low rents and tax benefits to high tech enterprises such as BJKZ. We believe these current facilities are adequate to meet BJKZ’s present needs and that suitable additional or alternative space will be available as required.

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ITEM 3. LEGAL PROCEEDINGS
ITEM 3. LEGAL PROCEEDINGS
We are not currently involved in any material legal proceedings. From time to time, we may be involved in litigation and claims incidental to the conduct of our business. We believe that the outcome of these matters will not have a material adverse effect on our financial condition or results of operations. There are no proceedings in which any of our directors, officers or affiliates, or any beneficial shareholder are an adverse party or has a material interest adverse to us.

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ITEM 4. MINE SAFETY DISCLOSURE
ITEM 4. MINE SAFTEY DISCLOSURE
Not applicable. We do not engage in mining operations or related activities and, therefore, are not subject to mine safety regulations under the Federal Mine Safety and Health Act of 1977 and its subsequent regulations.
Part II

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ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our Ordinary Shares are currently not quoted. There is currently no trading market for our Common Stock and there is no assurance that a regular trading market will ever develop.
Holders
As of April 16, 2025, there were approximately 51 holders of record of our Ordinary Shares.
Dividends
To date, we have not paid dividends on our Ordinary Shares and we do not expect to declare or pay dividends on shares of our Ordinary Shares in the foreseeable future. The payment of any dividends will depend upon our future earnings, if any, our financial condition, and other factors deemed relevant by our Board.
Securities Authorized for Issuance under Equity Compensation Plans
We have no existing equity compensation plan.
Recent Sales of Unregistered Securities; Use of Proceeds from Sale of Registered Securities
None.
Rule 10b-18 Transactions
During the year ended December 31, 2024, neither the Company nor any affiliated purchaser of the Company, purchased any equity securities of the Company that are registered pursuant to Section 12 of the Exchange Act.

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ITEM 6. SELECTED FINANCIAL DATA
ITEM 6. RESERVED

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ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTES OF OPERATIONS
Overview
KB Global Holdings Limited (“Company”) is a Cayman Islands limited company. Its subsidiary, the WFOE, has a contractual right to control the operations of BKJZ in the PRC. BKJZ is a high-tech driven management company based in China, committed to becoming one of the most trusted brands in the nation. Our strategic vision is anchored in leveraging our existing strengths to achieve sustainable growth and innovation in our operations.
Strategic Goals
1. Achieve Greater Synergy in the Industry:
● We aim to enhance collaboration and integration within our industry sectors to maximize operational efficiency and market influence.
2. Continue Product Innovation:
● Our focus is on continuous product innovation to strengthen our value proposition, offering advanced and competitive solutions to our clients.
3. Expand Client Base and Market Penetration:
● We are dedicated to expanding our client base and increasing our market penetration nationwide, ensuring broader reach and service accessibility.
4. Broaden Client Base:
● Efforts are underway to diversify our individual and corporate client base, enhancing our market presence and service portfolio.
5. Enhance IT Infrastructure and Expand Software Development:
● We plan to invest in and upgrade our IT infrastructure and proprietary database, supporting the expansion of our software development business to meet growing market demands.
Basis of Accounting
The accompanying consolidated financial statements (referred to hereafter as the “financial statements”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).
All intercompany transactions and balances have been eliminated.
Results of Operations
The Company has been primarily involved in developing its enterprise software products. In the first quarter of 2024, however, the Company did complete the sale of an enterprise software package to an affiliate, which yielded over 80% of the revenue reported by the Company.
The following table sets forth a summary of our consolidated results of operations for the years ended December 31, 2024 and 2023. This information should be read together with our consolidated financial statements and related notes included elsewhere in this annual report. The results of operations in any period are not necessarily indicative of our future trends.
For the Years Ended
December 31,
Changes in
Amount
Percentage
Revenue
Software development service - related party
$ 179,613
$ -
$ 179,613
N/A
Cost of sales
(148,879 )
-
(148,879 )
N/A
Gross profit
30,734
-
30,734
N/A
Operating expenses
(133,595 )
(108,518 )
(25,077 )
23.11
Loss from operations
(102,861 )
(108,518 )
5,657
(5.21 )
Other income
28,640
12,146
16,494
135.80
Loss before income tax
(74,221 )
(96,372 )
22,151
(22.98 )
Income tax expense
-
-
-
N/A
Net loss
$ (74,221 )
$ (96,372 )
$ 22,151
(22.98 )
Other comprehensive (loss) income
Foreign currency translation adjustments
(1,350 )
(1,597 )
(15.47 )
Comprehensive loss
$ (75,571 )
$ (97,969 )
$ 22,398
(22.86 )
Financial Position and Performance
Assets: We experienced a significant decrease in total assets, dropping from $416,325 in 2023 to $50,317 in 2024, due to the offsetting of a loan payable by a related party against a loan payable to a related party.
For the Years Ended
December 31,
Changes in
Amount
Percentage
ASSETS
Non-current assets
Computer equipment
$ 28,096
$ 35,512
$ (7,416 )
(20.88 )
Loan to a related party
-
340,872
(340,872 )
(100.00 )
Total non-current assets
28,096
376,384
(348,288 )
(92.54 )
Current assets
Account receivables
17,872
-
17,872
N/A
Other receivables
1,096
96.06
Subscription receivables
-
1,100
(1,100 )
N/A
Amounts due from related parties
-
9,402
(9,402 )
N/A
Cash and cash equivalents
3,253
28,880
(25,627 )
(88.74 )
Total current assets
22,221
39,941
(17,720 )
(44.37 )
Total assets
$ 50,317
$ 416,325
$ (366,008 )
(87.91 )
PROPERTY AND EQUIPMENT: In 2023, the Company invested $36,114 in computer devices to support our software development capabilities as property and equipment. After recording depreciation of that equipment during 2024, the book value at December 31, 2024 was $28,096.
For the Years Ended
December 31,
Changes in
Amount
Percentage
ASSETS
Non-current assets
Computer equipment
$ 28,096
$ 35,512
$ (7,416 )
(20.88 )
Loan to a related party
-
340,872
(340,872 )
(100.00 )
Total non-current assets
$ 28,096
$ 376,384
$ (348,288 )
(92.54 )
Cash Position: Our cash and cash equivalents was reduced significantly to $3,253 during 2024, underpinning our need to secure external investment to support ongoing business operations.
For the Years Ended
December 31,
Changes in
Amount
Percentage
Cash and cash equivalents
$ 3,253
$ 28,880
$ (25,627 )
(88.74 )
Liabilities and Shareholders’ Equity
Liabilities: Our liabilities were reduced during 2024 to $320,971 when we exchanged a loan receivable from a related party for loan payable by us to a related party.
For the Years Ended
December 31,
Changes in
Amount
Percentage
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities
Accruals and other current payables
$ 294,934
$ 161,646
$ 133,288
82.46
Advance from customer - related party
-
145,800
(145,800 )
(100.00 )
Tax payable
2,376
2,423
(47 )
(1.94 )
Amount due to related parties
23,661
301,539
(277,878 )
(92.15 )
Total current liabilities
320,971
611,408
(290,437 )
(47.50 )
Total liabilities
$ 320,971
$ 611,408
$ (290,437 )
(47.50 )
Shareholders’ equity
Ordinary shares, $0.00001 par value; 500,000,000 shares authorized; 130,097,000 and 130,097,000 were shares issued and outstanding at December 31, 2024 and 2023, respectively.
1,301
1,301
-
0.00
Additional paid-in capital
96,999
96,999
-
0.00
Accumulated deficit
(366,416 )
(292,195 )
(74,221 )
25.40
Accumulated other comprehensive loss
(2,538 )
(1,188 )
(1,350 )
113.64
Total shareholders’ deficit
(270,654 )
(195,083 )
(75,571 )
38.74
Total liabilities and shareholders’ equity
$ 50,317
$ 416,325
$ (366,008 )
(87.91 )
Advance from Customer: In the fall of 2023, $145,800 was recorded as a deposit from Beijing Kabeilongteng Investment Center (Limited partnership) for the development of a software system by BJKZ. The software system was delivered during the first quarter of 2024, and the deposit was reclassified as operating income of the Company.
For the Years Ended
December 31,
Changes in
Amount
Percentage
Advance from customer
$ -
$ 145,800
$ (145,800 )
N/A
Shareholders’ Equity: In January and February 2023, the Company sold 97,000 ordinary shares at a purchase price of $1.00 per share. The issuance of 97,000 IPO shares raised $97,000, enhancing our financial flexibility to fuel future growth.
Revenue and Operations
Our revenue in 2024 was primarily derived from the sale of an enterprise software system to a related party. We recorded $179,613 income, against which we charged development cost of $148,879. The sale of this "Enterprise Digital Management System Integration" developed by Beijing Kaibeli Longteng Investment Center demonstrated our commitment to providing comprehensive digital management solutions in the near future.
Net Loss and Cost Management
Our net loss was reduced to $74,221 in 2024 from $96,372 in 2023. This reduction in net loss was a result of recording our first sale during 2024.
Taxation
Our company, subsidiaries, and consolidated VIE file tax returns separately in their respective jurisdictions:
Cayman Islands: No taxes levied on profits, income, or dividends.
Hong Kong: Kesheng HK is subject to a 16.5% corporate income tax rate.
PRC: WFOE and VIE are subject to a 25% statutory income tax rate, with a 10% withholding tax on dividends to foreign holding companies, potentially reduced to 5% under certain conditions.
Risk Management
We recognize the inherent risks in our operations, such as market volatility and regulatory shifts. Our dedicated management team remains committed to proactive risk assessment and mitigation strategies to safeguard our business interests.
Critical Accounting Policies
The preparation of our consolidated financial statements in accordance with GAAP requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of fees, expenses and investment income. Our management bases these estimates and judgments on available information, historical experience and other assumptions that we believe are reasonable under the circumstances. However, these estimates, judgments and assumptions are often subjective and may be impacted negatively based on changing circumstances or changes in our analyses. If actual amounts are ultimately different from those estimated, judged or assumed, revisions are included in the consolidated financial statements in the period in which the actual amounts become known. We believe our critical accounting policies could potentially produce materially different results if we were to change underlying estimates, judgments or assumptions.
During preparation of our financial statements for the year ended December 31, 2023, there were no accounting estimate we made that were subject to a high degree of uncertainty and were critical to our results.
Recent Accounting Developments
For a full discussion of recently issued accounting pronouncements, please see the notes to the consolidated financial statements Note 2.

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this item.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The information required by this Item is incorporated herein by reference to the consolidated financial statements and supplementary data set forth in Item 15. Exhibits, Financial Statement Schedules of Part IV of this Annual Report.

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS AND FINANCIAL DISCLOSURE
Except as reported in a current report on Form 8-K filed by the Company, there have been no changes in or disagreements with our accountants on accounting and financial disclosure matters.

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ITEM 9A. CONTROLS AND PROCEDURES
ITEM 9A. CONTROLS AND PROCEDURES
Disclosure Controls and Procedures
We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act. These are designed to ensure that information required to be disclosed in our SEC reports is recorded, processed, summarized, and reported within the specified timeframes. These controls also ensure that such information is accumulated and communicated to our senior management, including Li Guo, Chief Executive Officer, to facilitate timely decisions regarding required disclosure.
Under the supervision and participation of our senior management, led by Li Guo, Chief Executive Officer, and Ziyong Hu, Chief Financial Officer, we evaluated the effectiveness of our disclosure controls and procedures as of December 31, 2024. Based on this evaluation, and considering the material weaknesses identified in our internal controls over financial reporting, Li Guo and Ziyong Hu concluded that our disclosure controls and procedures were not effective.
Management’s Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) or 15d-15(f) promulgated under the Exchange Act as a process designed by, or under the supervision of, our principal executive and principal financial officers and effected by our Board, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America and includes those policies and procedures that:
● Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;
● Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and
● Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Because of the inherent limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.
The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee and a lack of independent directors on our Board, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; and (3) ineffective controls over period end financial disclosure and reporting processes.
Management believes that the material weaknesses set forth in items (2) and (3) above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of independent directors on our Board results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.
Management’s Remediation Initiatives
In an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we have initiated, or plan to initiate, the following series of measures:
Assuming we are able to secure additional working capital, we will create a position to segregate duties consistent with control objectives and will increase our personnel resources and technical accounting expertise within the accounting function when funds are available to us.
We also plan to appoint one or more outside directors to our Board who shall be appointed to an audit committee resulting in a fully functioning audit committee which will undertake the oversight in the establishment and monitoring of required internal controls and procedures such as reviewing and approving estimates and assumptions made by management.
Management believes that the appointment of one or more independent directors, who shall be appointed to a fully functioning audit committee, will remedy the lack of a functioning audit committee and a lack of a majority of independent directors on our Board.
We anticipate that these initiatives will be implemented in conjunction with the growth of our business.
Changes in Internal Control over Financial Reporting
There has been no change in our internal control over financial reporting identified in connection with our evaluation we conducted of the effectiveness of our internal control over financial reporting as of December 31, 2024, that occurred during our fourth quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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ITEM 9B. OTHER INFORMATION
ITEM 9B. OTHER INFORMATION
None.

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ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Directors and Executive Officers
The following table sets forth certain information relating to our directors and executive officers upon the closing of this offering:
Directors and Executive Officer
Age
Position/Title
Li Guo
Chief Executive Officer and Director
Ziyong Hu
Chief Financial Officer
Feng Jiang
Controller
Nie Yu
Chief Operational Officer
Li Guo. Ms. Guo is our founder and has been our chairman of the board of directors and chief executive officer since our inception. Ms. Guo is an investment expert turned entrepreneur. She has over 20 years of experience in alternative asset management and wealth management. Prior to founding BJKZ Investment Management Co., Ltd in 2011, she had extensive multinational experience in the finance industry including fund raising and investments in overseas markets including U.S. market. As the founder at the helm of the company and the distinguished track record of investment she achieved, Ms. Guo has received number of awards including The Star of International Asia youth of investment banking from Wall Street Journal in 2007 and one of the Top Ten Female Investors Who Runs Tens of Billions from PE daily in 2015. Due to her profound understanding in investing in subdivision industry such as material science and engineering, clean energy intelligent manufacturing as well culture and media, she has also received number of awards including being listed among one of the Best Ten Investors in Intelligent Manufacturing Industry in January 2018 by Investorcn.com, 2017 Annual Top 20 Investors in December 2017 by 21st Century Business Herald, Top 10 Investors of Material Science and Engineering--2016 Good Chinese Materials in September 2016, 2015-2016 Top Ten Investment Figures of China Culture and Media Industry in July 2016 by China Bridge. She received her B.A. from the University of International Business and Economics in Beijing in 2000, MBA from University of Illinois at Chicago in 2004, and DBA in Tsinghua University in 2019 and Ph.D in University of Geneva.
ZiYong Hu. Mr. Hu has 10 years of working experience as chief financial officer of a group enterprise, is proficient in modern enterprise financial management and has profound theoretical and practical experience in financial management. He graduated from Shanghai TV University in Business Administration in 2010 and studied at Hubei University in 2018. In 2010, he joined Jiu’An Fuying investment company and started as an ordinary specialist. After two years of participation, he was promoted to a financial manager. He has operated the channels of M &A, fixed growth, bond issuance, backdoor listing, VC, PE and other listing work, and has many years of experience and ability in capital operations. He joined Kesheng group in 2018, responsible for group financial management and managing multiple branches and subsidiaries in different regions. At the same time, he assisted in completing the IPOs of the invested enterprises and the listing of the new third edition. Mr. Hu has experience in listing work such as enterprise venture capital, introduction of VC and PE and share reform, and assistingd the company to maintain an increase rate of more than 10% and develop steadily every year. Since 2018, with the development and growth of BJKZ, he was responsible for all the financial work of BJKZ.
Jiang Feng. Ms. Jiang has more than 11 years of financial experience, and a bachelor’s degree in accounting and management from Shenzhen University. She joined Zhong Keqiang finance company in 2015, successively worked in cost accounting, general ledger accounting and financial analysis posts, and became familiar with financial professional knowledge in accounting, tax law, financial management, internal control and audit. Ms. Jiang has a good understanding of the overall accounting, financial management, internal control, cost accounting, master budget planning, foreign industrial and commercial taxation and other businesses. In 2018, he joined Kesheng group as the treasurer, responsible for financial supervision, financial control and financial support. At the same time, she leads and assists the invested enterprise in performing investigation, details of creditor’s rights and debts, asset evaluation, sustainable development evaluation, merger plan, etc. Since 2018, under the development needs of BJKZ, she worked with the financial manager to be responsible for the financial work of BJKZ.
Nie Yu. Mr. Nie has more than 9 years of rich operation and leadership experience in multiple positions and fields. He graduated from Chongqing electromechanical vocational and technical college in 2012 and then entered Sichuan Normal University for further study in business administration. In 2012, he joined the ten thousand enterprise win-win enterprise service company, incubated dozens of enterprises, helped them upgrade and manage their organizational structure, and provided whole chain accurate services from scheme to implementation. In 2016, he joined unbounded life company as the operations director, responsible for 30 million investment promotions and industry special research reports before and after. In 2017, he joined Kesheng group as the operations manager, responsible for providing data support for major decision-making matters. At the same time, Mr. Nie has paid close attention to the trends and trends of international and domestic information industry, evaluated the impact of major information technology, assisted in the planning and operation of investment and financing projects, and cooperated with the sales department to expand customer resources. Since August 2018, under the development needs of BJKZ company, he has been responsible for the operation of BJKZ, formulated sales and marketing plans according to the business objectives, and organized and monitored the implementation to ensure the achievement of the objectives.

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ITEM 11. EXECUTIVE COMPENSATION
ITEM 11. EXECUTIVE COMPENSATION
The following table shows for the period ended December 31, 2024 and 2023, the compensation awarded (earned) or paid by the Company to its named executive officer or the person acting in a similar capacity as that term is defined in Item 402(a)(2) of Regulation S-K. There are no understandings or agreements regarding compensation that our management will receive after a business combination that is required to be included in this table, or otherwise.
Summary Compensation Table
Name and Principal Position(1)
Year
Salary
($)
Bonus
($)
Stock
Awards
($)
Option
Awards
($)
Non-Equity Incentive Plan Compensation
($)
Change in
Pension Value
and Nonqualified Deferred Compensation Earnings
($)
All Other
Compensation
($)
Total
($)
Li Guo
$
Ziyong Hu
$ 14,717
$ 16,687
$ 31,404
Feng Jiang
$
$
$
Nie Yu
$ 14,837
$ 13,905
$ 28,742
Li Guo
$
Ziyong Hu
$
$
$
Feng Jiang
$ 15,000
$
$ 15,000
Nie Yu
$ 15,000
$
$ 15,000
Summary of Director Compensation
Our director is not compensated for her role, and there are no arrangements for future compensation for services provided as a director.
Agreement on Salary Deferral
The executive officers, including Li Guo (CEO) and Ziyong Hu (CFO), have agreed not to take a salary until the company achieves positive income. This decision reflects their commitment to the financial stability and growth of the company.
Employment Contracts, Termination of Employment, Change-in-Control Arrangements
BJKZ currently has 4 employees, all of whom are officers, as well as one consultant who works as a technician.
There are no compensation plans or arrangements, including payments to be made by us that would result from the resignation, retirement or any other termination.
There are no arrangements for officers, employees or consultants that would result from a change-in-control.

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
The following tables set forth certain information with respect to the beneficial ownership of our ordinary shares as of the date of this report, for:
● each shareholder known by us to be the beneficial owner of more than 5% of our outstanding ordinary shares; and
● each of our directors and executive officers.
We have determined beneficial ownership in accordance with the rules of the SEC, which generally define beneficial ownership to include any shares over which a person exercises sole or shared voting or investment power. Such determination is not necessarily indicative of beneficial ownership for any other purpose. Except as indicated by the footnotes below, we believe, based on the information furnished to us, that the persons and entities named in the table below have sole voting and investment power or the power to receive the economic benefit with respect to all ordinary shares that they beneficially own, subject to applicable community property laws. None of the stockholders listed in the table are a broker-dealer or an affiliate of a broker dealer. None of the stockholders listed in the table are located in the United States.
Applicable percentage ownership is based on 130,097,000 ordinary shares outstanding as of the date of this filing. Unless otherwise indicated, the address of each beneficial owner listed in the table below is c/o BJKZ, No 3 Building of No 1 Jiali Construction Plaza FL 13, No.4th Central Road, Futian, Shenzhen, Guangdong Province, 518000, People’s Republic of China.
Name of Beneficial Owner
Ordinary
shares
%
Directors and executive officers:
Kehui International Holdings Limited(2)
1,100,000
0.85
Fine Orchild Limited
69,900,000
53.73
Oriental Keyang Limited
59,000,000
45.35
(1) For each person and entity included in this column, the percentage of voting rights is calculated by dividing the number of ordinary shares beneficially owned by such person or entity by 130,097,000 shares being the total number of ordinary shares outstanding on the date of this Report.
(2) The control person is Li Guo.

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ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
ITEM 13. CERTAIN RELATIONSHIPS AND DIRECTOR INDEPENDENCE
Except as disclosed below, since the beginning of the fiscal year preceding the last fiscal year none of the following persons has had any direct or indirect material interest in any transaction to which our Company was or is a party, or in any proposed transaction to which our Company proposes to be a party:
● any Director or officer of our Company;
● any proposed Director of officer of our Company;
● any person who beneficially owns, directly or indirectly, shares carrying more than 5 percent of the voting rights attached to our Common Stock; or
● any member of the immediate family of any of the foregoing persons (including a spouse, parents, children, siblings, and in-laws).
Director Independence
We are not subject to listing requirements of any national securities exchange or national securities association and, as a result, we are not at this time required to have our Board comprised of a majority of “Independent Directors”. We believe that our director currently does not meet the definition of “independent” as promulgated by the rules and regulations of NASDAQ.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
Audit Fees
On February 7, 2025, the Board of Directors of KB Global Holdings Limited (the “Company”) dismissed Centurion ZD CPA & Co. (“Centurion ZD”) from its position as the independent registered public accounting firm for the Company. The Company does not have an Audit Committee. This decision to terminate our engagement stems solely from Centurion ZD CPA & Co’s planned cancellation of its PCAOB license, which renders the firm non-compliant with regulatory requirements essential to our audit partnership. The Company has engaged KD & Co. (“KD”) as the independent registered public accounting firm for the Company, effective February 10, 2025. The Board of Directors of the Company approved the engagement of KD.
Centurion ZD CPA & Co. The audit-related fees for 2022 and 2023 are charged as follows:
Fee Category
Year Ended
December 31,
Year Ended
December 31,
Audit fees (1):
$ 31,000
$ 31,000
Total fees
$ 31,000
$ 31,000
The aggregate fees billed for professional services rendered by the principal accountant for the audit of our financial statements and review of financial statements included in our quarterly Reports on Form 10-Q and KD & Co. services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for these fiscal periods were as follows:
Fee Category
Year Ended
December 31,
Year Ended
December 31,
Audit fees (1):
$ 35,000
$ 15,000
Total fees
$ 35,000
$ 15,000
(1) Audit fees consist of fees incurred for professional services rendered for the audit of financial statements, for reviews of our interim financial statements included in our quarterly reports on Form 10-Q, and for services that are normally provided in connection with statutory or regulatory filings or engagements.
Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Auditors
Given the small size of our Board as well as the limited activities of our Company, our Board acts as our Audit Committee. Our Board pre-approves all audit and permissible non-audit services. These services may include audit services, audit-related services, tax services, and other services. Our Board approves these services on a case-by-case basis.
Part IV

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ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(a) The following documents are filed as part of this report:
Financial Statements
The following financial statements of KB Global Holdings Limited and Report of Independent Registered Public Accounting Firm are presented in the “F” pages of this report:
(b) Exhibits
See the Exhibit Index following the signature page of this report, which Index is incorporated herein by reference.