King Resources KRFG

King Resources, Inc. is a holding company that conducts no direct operations and relies entirely on its wholly owned subsidiaries for business activities. Its primary operating subsidiary, Heavenly Grace Limited, is engaged in the arts and collectibles sector, providing a full suite of services that includes authentication, valuation, certification, sale, purchase, hire purchase, financing, custody, security and exhibition of artworks and collectibles. Heavenly Grace Limited employs blockchain technology and non fungible tokens to create digital ownership tokens that record title and provenance for each item, thereby enhancing transparency and security for collectors. The company also maintains 3 additional subsidiaries, OneSolution Holdings Limited, OneSolution Management Limited and OneSolution Innotech Limited, which currently have no active operations.

The company generates revenue principally by purchasing collectibles at a discount to market value and reselling them at or above market price through its online trading platform or via third party auction houses. In addition to sales proceeds, Heavenly Grace Limited collects fees for authentication, valuation, certification, custody, security, exhibition and financing services rendered to collectors and investors. The firm intends to open its online platform to third party sellers, allowing them to list items for sale and pay platform and transaction fees while Heavenly Grace Limited handles the underlying paperwork and digital token issuance. Most of the inventory is sourced from China and Hong Kong, although the company notes that it may expand sourcing globally as opportunities arise. The online trading platform is hosted in Hong Kong and the company collaborates with auction houses located in Hong Kong and France to facilitate offline sales.

King Resources, Inc. differentiates itself in the art and collectibles market by combining traditional service offerings with blockchain based digital ownership tokens. This integration provides a transparent and immutable record of title for each artwork or collectible, which reduces the risk of fraud and enhances buyer confidence. The company’s ability to acquire items at a discount and to offer a full range of ancillary services including financing, custody and exhibition gives it a competitive edge over pure play auction houses or standalone token platforms. Operating primarily out of Hong Kong, it leverages relationships with regional auction houses and an international client base to source and distribute inventory.

The company’s customer base is highly concentrated among a limited number of corporate customers. For the 9 months ended December 31, 2025, Mirum Digital Media Limited accounted for 90.8% of total revenue, while Marvel Digital Group Limited represented 100% of revenue for the 9 months ended December 31, 2024. Beyond these corporate clients, Heavenly Grace Limited serves individual collectors and investors who purchase art and collectibles through its online platform and through auction house channels. These customers typically originate from mainland China and Hong Kong, reflecting the company’s primary sourcing and market focus.