{"url_path":"/sec/qdmi/10-k/2026/item-5","section_key":"item-5","section_title":"Item 5 Market for Registrant’s Common","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-29","source_url":"https://www.sec.gov/Archives/edgar/data/1094032/0001213900-26-073119-index.html","accession_number":"0001213900-26-073119","cik":"0001094032","ticker":"QDMI","issuer_name":"QDM International Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1094032/0001213900-26-073119-index.html","primary_entity_key":"0001094032","primary_entity_name":"QDM International Inc."},"word_count":983,"has_tables":true,"body_markdown":"**Item 5. Market for Registrant’s Common\nEquity, Related Shareholder Matters and Issuer Purchases of Equity Securities.**\n\n \n\n**(a) Market Information** \n\n \n\nOur common stock is quoted on the OTCQB under\nthe symbol “QDMI.” There has been limited trading in our shares of common stock. We cannot assure you that there will be an\nactive market in the future for our common stock.\n\n \n\nThe following table sets\nforth, for the periods indicated, the high and low closing prices of our common stock. These prices reflect inter-dealer prices, without\nretail mark-up, mark-down or commission, and may not represent actual transactions.\n\n \n\n  \nClosing Prices (1) \n\n  \nHigh  \nLow \n\nFISCAL YEAR ENDED MARCH 31, 2025: \n   \n  \n\nFirst Quarter \n 81.94  \n 41.14 \n\nSecond Quarter \n 131.24  \n 35.36 \n\nThird Quarter \n 159.8  \n 65.96 \n\nFourth Quarter \n 65.96  \n 34.0 \n\n  \n    \n   \n\nFISCAL YEAR ENDED MARCH 31, 2026: \n    \n   \n\nFirst Quarter \n 98.6  \n 51.0 \n\nSecond Quarter \n 98.94  \n 51.0 \n\nThird Quarter \n 148.92  \n 45.9 \n\nFourth Quarter \n 69.92  \n 29.52 \n\n** **\n\n(1)\nThe above tables set forth the range of high and low closing prices per share of our common stock as reported by www.otcmarket.com for the periods indicated. Any over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.\n\n  \n\n**(b) Shareholders of Record**\n\n \n\nAs of June 29, 2026, we had approximately 384\nshareholders of record. Because certain shares of our common stock are held by brokers and other institutions on behalf of shareholders,\nwe are unable to estimate the total number of beneficial shareholders.\n\n \n\n**(c) Dividends** \n\n \n\nWe are permitted under the Florida law to provide\nfunding to our subsidiaries, including YeeTah, through loans or capital contributions without restrictions on the amount of the funds.\nThere are no restrictions or limitations on our ability to distribute earnings from our businesses, including subsidiaries, to the U.S.\ninvestors or our ability to settle amounts owed. YeeTah is permitted under the laws of Hong Kong to provide funding to QDM HK and QDM\nBVI, the holding company incorporated in Hong Kong and the British Virgin Islands, respectively, through dividend distribution without\nrestrictions on the amount of the funds, subject to availability of distributable profits and sufficient cash to maintain going concern\nand solvency of YeeTah and any contractual obligations owed to third parties prohibiting or restricting dividend distributions. As of\nthe date of this Report, there has been no dividends or distributions between our holding company and our subsidiaries nor do we expect\nsuch dividends or distributions to occur in the near future among our holding company and its subsidiaries.\n\n \n\n47\n\n \n\n \n\nHowever, the PRC government has significant authority\nto intervene or influence operations of an offshore holding company in mainland China at any time, and such oversight may also extend\nto our Hong Kong operating subsidiary. We cannot assure you that the PRC government will not prevent us from transferring the cash we\nmaintain in Hong Kong outside of Hong Kong, or restrict our ability to deploy our cash into business or to pay dividends. We could also\nbe subject to limitations on the transfer or the use of our cash if we expand our business operations into mainland China or conduct our\noperations in some other ways such that we become subject to PRC laws that regulate these activities. In addition, if YeeTah incurs debt\non its own behalf in the future, the instruments governing the debt may restrict its ability to pay dividends or make other distributions\nto us. Any limitation on our ability to transfer or use our cash could materially and adversely\nlimit our ability to grow, make investments or acquisitions that could be beneficial to our business, pay dividends, or otherwise fund\nand conduct our business.\n\n \n\nWe have never paid or declared any cash dividends\non our common stock. We currently intend to retain all available funds and future earnings, if any, for the operation and expansion of\nour business and do not anticipate paying cash dividends in the near future. The declaration of dividends on any class of shares is within\nthe discretion of the Board, subject to the Florida law, out of legally available funds, and will depend on the assessment of, among other\nfactors, earnings, capital requirements and our operating and financial condition. If we determine to pay dividends on any of our capital\nstock in the future, as a holding company, we will be dependent on receipt of funds from our Hong Kong operating subsidiary YeeTah. None\nof our subsidiaries has made any dividends or distributions to us. Under the current practice of the Inland Revenue Department of Hong\nKong, no tax is payable in Hong Kong in respect of dividends paid by us. There are no restrictions or limitation under the laws of Hong\nKong imposed on the conversion of HKD into foreign currencies and the remittance of currencies out of Hong Kong. See “*Item 1A.\nRisk Factors - Risks Related to Our Business and Industry - We rely on dividends and other distributions on equity paid by our subsidiaries\nto fund any cash and financing requirements we may have, and any limitation on the ability of our subsidiaries to make payments to us\ncould have a material adverse effect on our ability to conduct our business*.”\n\n \n\nAny future determination related to our dividend\npolicy will be made at the discretion of the Board after considering our financial condition, results of operations, capital requirements,\ncontractual requirements, business prospects and other factors the Board deems relevant, and subject to the restrictions contained in\nany future financing instruments.\n\n \n\n**(d) Securities Authorized\nfor Issuance under Equity Compensation Plans**\n\n \n\nWe currently do not have any equity compensation\nplans.\n\n \n\n**(e) Recent Sales of Unregistered\nSecurities;** **Use of Proceeds from Registered Offering**\n\n \n\nDuring the past three fiscal years, we did not\noffer or sell any unregistered securities that were not previously disclosed in a quarterly report on Form 10-Q or in a current report\non Form 8-K.\n\n \n\n**(f) Purchases of Equity\nSecurities by the Issuer and Affiliated Purchasers** \n\n \n\nNone."}