{"url_path":"/sec/cik-0001897525/10-k/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-03","source_url":"https://www.sec.gov/Archives/edgar/data/1897525/0001829126-26-006016-index.html","accession_number":"0001829126-26-006016","cik":"0001897525","ticker":null,"issuer_name":"KB Global Holdings Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1897525/0001829126-26-006016-index.html","primary_entity_key":"0001897525","primary_entity_name":"KB Global Holdings Ltd"},"word_count":2623,"has_tables":true,"body_markdown":"false\nFY\n2025\n0001897525\n\n0001897525\n\n2025-01-01\n2025-12-31\n\n0001897525\n\n2025-06-30\n\n0001897525\n\n2026-06-03\n\n0001897525\n\n2025-12-31\n\n0001897525\n\n2024-12-31\n\n0001897525\n\n2024-01-01\n2024-12-31\n\n0001897525\n\nus-gaap:CommonStockMember\n\n2024-12-31\n\n0001897525\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2024-12-31\n\n0001897525\n\nus-gaap:RetainedEarningsMember\n\n2024-12-31\n\n0001897525\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2024-12-31\n\n0001897525\n\nus-gaap:CommonStockMember\n\n2023-12-31\n\n0001897525\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2023-12-31\n\n0001897525\n\nus-gaap:RetainedEarningsMember\n\n2023-12-31\n\n0001897525\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2023-12-31\n\n0001897525\n\n2023-12-31\n\n0001897525\n\nus-gaap:CommonStockMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nus-gaap:RetainedEarningsMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nus-gaap:CommonStockMember\n\n2024-01-01\n2024-12-31\n\n0001897525\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2024-01-01\n2024-12-31\n\n0001897525\n\nus-gaap:RetainedEarningsMember\n\n2024-01-01\n2024-12-31\n\n0001897525\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2024-01-01\n2024-12-31\n\n0001897525\n\nus-gaap:CommonStockMember\n\n2025-12-31\n\n0001897525\n\nus-gaap:AdditionalPaidInCapitalMember\n\n2025-12-31\n\n0001897525\n\nus-gaap:RetainedEarningsMember\n\n2025-12-31\n\n0001897525\n\nus-gaap:AccumulatedOtherComprehensiveIncomeMember\n\n2025-12-31\n\n0001897525\n\nus-gaap:VariableInterestEntityPrimaryBeneficiaryMember\n\n2025-12-31\n\n0001897525\n\nus-gaap:VariableInterestEntityPrimaryBeneficiaryMember\n\n2024-12-31\n\n0001897525\n\nus-gaap:SoftwareDevelopmentMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nus-gaap:SoftwareDevelopmentMember\n\n2024-01-01\n2024-12-31\n\n0001897525\n\nCIK0001897525:BeijingCabelongtengInvestmentCenterMember\n\n2024-12-31\n\n0001897525\n\nCIK0001897525:BeijingCabelongtengInvestmentCenterMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nCIK0001897525:BeijingCabelongtengInvestmentCenterMember\n\n2024-01-01\n2024-12-31\n\n0001897525\n\nCIK0001897525:SuzhouKeshengInvestmentManagementMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nCIK0001897525:GuoLiMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nCIK0001897525:BeijingCabelongtengMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nCIK0001897525:ShenzhenJiechengEnterpriseManagementConsultingCoLtdJiechengMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nCIK0001897525:SichuanChuangheCultureMediaCoLtdChuangheMember\n\n2025-01-01\n2025-12-31\n\n0001897525\n\nCIK0001897525:ShenzhenJiechengEnterpriseManagementConsultingCoLtdJiechengMember\n\n2025-12-31\n\n0001897525\n\nCIK0001897525:ShenzhenJiechengEnterpriseManagementConsultingCoLtdJiechengMember\n\n2024-12-31\n\n0001897525\n\nCIK0001897525:SichuanChuangheCultureMediaCoLtdMember\n\n2025-12-31\n\n0001897525\n\nCIK0001897525:SichuanChuangheCultureMediaCoLtdMember\n\n2024-12-31\n\n0001897525\n\nCIK0001897525:GuoLiMember\n\n2025-12-31\n\n0001897525\n\nCIK0001897525:GuoLiMember\n\n2024-12-31\n\n0001897525\n\n2024-07-31\n\n0001897525\n\n2024-08-31\n\n0001897525\n\n2024-11-30\n\niso4217:USD\n\nxbrli:shares\n\niso4217:USD\n\nxbrli:shares\n\nxbrli:pure\n\n \n\n \n\n \n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**Form 10-K******\n\n☒☐\n\n \n\n**ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nFor the fiscal year ended December 31, 2025\n\n \n\n0-56592\nCommission File Number\n\n \n\n**KB Global Holdings Limited**\n\n**(Exact name of Registrant as specified in its charter)**\n\n** **\n\n \n\n \n\n**Cayman Islands**\n \n** **\n \n00-0000000 **Not applicable**\n\n**(State or other jurisdiction of incorporation or organization)**\n \n \n \n**(I.R.S. Employer Identification No.)**\n\n \n\n**No 3 Building of No 1 Jiali Construction Plaza FL 13,**\n\n**No.4th Central Road****, Futian, Shenzhen GA**\n\n**Guangdong Province, 518000, People’s Republic of China**\n\n**Tel: (86) 0755-832-0145 GA**\n\n**(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)**\n\n \n\n \n\n \n\nSecurities registered pursuant to Section 12(b) of the Exchange Act:\n\nNone\n\n \n\nSecurities registered pursuant to Section 12(g) of the Exchange Act:\n\nOrdinary Shares\n\n \n\nIndicate by check mark if the Company is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐   No ☒\n\n \n\nIndicate by check mark if the Company is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐   No ☒\n\n \n\nIndicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the Company was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒   No ☐\n\n \n\nIndicate by check mark whether the Company has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Company was required to submit and post such files). Yes ☒   No ☐\n\n \n\n \n\n \n\n \n\nIndicate by check mark whether the Company is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):\n\n \n\n \nLarge accelerated filer\n☐\nAccelerated filer\n☐\n\n \nNon-accelerated Filer\n☐\nSmaller reporting company\n☒\n\n \n \nEmerging growth company\n☒\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐\n\n \n\nIndicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐\n\n \n\nIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐\n\n \n\nIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐\n\n \n\nIndicate by check mark whether the Company is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐   No ☒\n\n \n\nThe aggregate market value of voting stock held by non-affiliates of the Company as of the last business day of the Company’s most recently complete second fiscal quarter cannot be calculated as there is no trading market for the Company’s ordinary shares.\n\n \n\nAs of June 3, 2026, 130,097,000 shares of the issuer’s common stock were issued and outstanding.\n\n \n\nDocuments Incorporated By Reference: None\n\n \n\n \n\n \n\n \n\n \n\n \n\n**KB Global Holdings Limited**\n\n**Form 10-K**\n\n**For the Fiscal Year Ended December 31, 2025**\n\n \n\n**TABLE OF CONTENTS**\n\n \n\n \n \n \n \n**Page**\n\n[**Part I**](#a_001)\n\n[Item 1.](#a_002)\n \n[Business](#a_002)\n \n1\n\n[Item 1A.](#a_003)\n \n[Risk Factors](#a_003)\n \n3\n\n[Item 1B.](#a_004)\n \n[Unresolved Staff Comments](#a_004)\n \n3\n\n[Item 1C.](#a_005)\n \n[Cybersecurity](#a_005)\n \n3\n\n[Item 2.](#a_006)\n \n[Properties](#a_006)\n \n3\n\n[Item 3.](#a_007)\n \n[Legal Proceedings](#a_007)\n \n4\n\n[Item 4.](#a_008)\n \n[Mine Safety Disclosures](#a_008)\n \n4\n\n \n \n \n \n \n\n[**Part II**](#a_009)\n\n[Item 5.](#a_010)\n \n[Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](#a_010)\n \n5\n\n[Item 6.](#a_011)\n \n[Reserved](#a_011)\n \n5\n\n[Item 7.](#a_012)\n \n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#a_012)\n \n6\n\n[Item 7A.](#a_013)\n \n[Quantitative and Qualitative Disclosures about Market Risk](#a_013)\n \n10\n\n[Item 8.](#a_014)\n \n[Financial Statements](#a_014)\n \n11\n\n[Item 9.](#a_015)\n \n[Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](#a_015)\n \n11\n\n[Item 9A.](#a_016)\n \n[Controls and Procedures](#a_016)\n \n11\n\n[Item 9B.](#a_017)\n \n[Other Information](#a_017)\n \n12\n\n[Item 9C.](#a_018)\n \n[Disclosures Regarding Foreign Jurisdictions that Prevent Inspections](#a_018)\n \n12\n\n \n \n \n \n \n\n[**Part III**](#a_019)\n\n[Item 10.](#a_020)\n \n[Directors, Executive Officers and Corporate Governance](#a_020)\n \n13\n\n[Item 11.](#a_021)\n \n[Executive Compensation](#a_021)\n \n14\n\n[Item 12.](#a_022)\n \n[Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](#a_022)\n \n15\n\n[Item 13.](#a_023)\n \n[Certain Relationships and Director Independence](#a_023)\n \n16\n\n[Item 14.](#a_024)\n \n[Principal Accountant Fees and Services](#a_024)\n \n16\n\n \n \n \n \n \n\n[**Part IV**](#a_025)\n\n[Item 15.](#a_026)\n \n[Exhibits and Financial Statement Schedules](#a_026)\n \n17\n\n[Item 16.](#a_027)\n \n[Form 10-K Summary](#a_027)\n \n17\n\n \n\ni\n\n \n\n \n\n**Cautionary Statement Regarding Forward-Looking Statements**\n\n \n\nThis report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as “anticipate,” “believe,” “estimate,” “intend,” “could,” “should,” “would,” “may,” “seek,” “plan,” “might,” “will,” “expect,” “anticipate,” “predict,” “project,” “forecast,” “potential,” “continue” negatives thereof or similar expressions. Forward-looking statements speak only as of the date they are made, are based on various underlying assumptions and current expectations about the future and are not guarantees. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievement to be materially different from the results of operations or plans expressed or implied by such forward-looking statements.\n\n \n\nWe cannot predict all the risks and uncertainties that may impact our business, financial condition or results of operations. Accordingly, the forward-looking statements in this prospectus should not be regarded as representations that the results or conditions described in such statements will occur or that our objectives and plans will be achieved, and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. These forward-looking statements are found at various places throughout this report and include information concerning possible or projected future results of our operations, including statements about potential acquisition or merger targets, strategies or plans; business strategies; prospects; future cash flows; financing plans; plans and objectives of management; any other statements regarding future acquisitions, future cash needs, future operations, business plans and future financial results; and any other statements that are not historical facts.\n\n \n\nMany of those risks and factors are outside of our control and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. Considering these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this prospectus. All subsequent written and oral forward-looking statements concerning other matters addressed in this prospectus and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this prospectus.\n\n \n\nExcept to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.\n\n \n\nii\n\n \n\n \n\n**Part I**\n\n \n\n**Item****1. BUSINESS**\n\n \n\n**Overview**\n\n \n\nKB 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 gives 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.\n\n \n\nKB Global Holdings Limited is an emerging high-tech enterprise focused on enterprise-grade digital transformation solutions. Since completing its first commercial software delivery in 2024, the Company has shifted from development phase to active market engagement.\n\n \n\nBJKZ was organized in the PRC in August 2018 to provide information technology development and consulting services. Since that time BJKZ has developed a proprietary Enterprise Digital Management System Integration platform, which integrates five core modules: Enterprise Collaboration, Project Management, CRM, ERP, and Financial Data Analysis. This product is designed to serve industrial clients seeking to unify and modernize their operational infrastructure.\n\n \n\nThe successful delivery of a customized version of this platform to a related party in 2024 validated the Company’s technical capabilities and go-to-market model. Management is now pursuing third-party contracts, leveraging referenceable work and a low-cost development structure in China.\n\n \n\nOur 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:\n\n \n\n \n●\n**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.\n\n \n\n \n●\n**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.\n\n \n\n \n●\n**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.\n\n \n\n \n●\n**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.\n\n \n\n \n●\n**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.\n\n \n\n1\n\n \n\n \n\n**Business Strategies**\n\n \n\nIn 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 recorded 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.\n\n \n\nBJKZ’s plan 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.\n\n \n\nThis 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.\n\n \n\nWe 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:\n\n \n\n \n●\n**Expand customer acquisition beyond related parties** – The Company is actively marketing its platform to small and mid-sized industrial enterprises in China.\n\n \n\n \n●\n**Build recurring revenue stream** – BJKZ intends to explore subscription-based delivery models to generate predictable, recurring income, subject to obtaining sufficient resources.\n\n \n\n \n●\n**Leverage successful delivery as reference** – The completed contract with Beijing Cabelongteng serves as a technical and operational reference for prospective third-party customers.\n\n \n\n \n●\n**Control costs while scaling** – The Company continues to benefit from low-cost office arrangements, deferred executive compensation, and a lean team, allowing it to preserve capital for targeted development and sales efforts.\n\n \n\n \n●\n**Explore strategic partnerships** – BJKZ intends to engage with regional technology integrators with a view to co-marketing its solutions.\n\n \n\n**Our Competitive Strengths**\n\n \n\nWe believe that the following competitive strengths will contribute to our success and ongoing growth:\n\n \n\n \n●\nProven ability to deliver a complex, multi-module enterprise system on a fixed-price contract.\n\n \n\n \n●\nLow-cost development center in Beijing with experienced technical leadership.\n\n \n\n \n●\nAgile, focused team allowing rapid iteration and customization.\n\n \n\n \n●\nFoundational VIE structure already established, reducing regulatory friction for revenue generation\n\n \n\n2\n\n \n\n \n\n**Risk Control Procedures**\n\n \n\nThe 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.\n\n \n\n**IT Infrastructure**\n\n \n\nWe 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 to the creation of an Enterprise Digital Management System Integration aimed at revolutionizing how businesses manage their operations."}