| CUSIP No. |
495660102 |
| 1. Names of Reporting Persons. |
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FU Wah
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| 2. Check the Appropriate Box if a Member of a Group |
| (a) o |
| (b) o |
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| 3. SEC Use Only |
| 4. Source of Funds: PF |
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| 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o |
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| 6. Citizenship or Place of Organization: Hong Kong |
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Number of Shares
Beneficially
Owned by
Each Reporting
Person With:
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7. Sole Voting Power; |
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708,955,224
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| 8. Shared Voting Power |
| 0 |
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| 9. Sole Dispositive Power |
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708,955,224 Common Shares
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| 10. Shared Dispositive Power |
| 0 |
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| 11. Aggregate
Amount Beneficially Owned by Each Reporting Person: 708,955,224 |
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| 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares o |
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| 13. Percent of Class Represented by Amount in Row (11): 14.746% |
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| 14. Type of Reporting Person: IN |
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Item 1.
Security and Issuer
The class
of equity securities to which this statement relates is the common stock, $0.001 par value per share (the "Common Stock"), of
King Resources, Inc., a Delaware corporation (the "Company"). The principal executive office of the Company is located at Unit
1813, 18/F, Fo Tan Industrial Centre, 26-28 Au Pui Wan
Street, Fo Tan, Hong Kong.
Item 2.
Identity and Background
| (a) | This Schedule 13D is being filed by FU Wah (the "Reporting Person"). |
| (b) | The address of the principal business of the Reporting Person is Unit 1813, 18/F,
Fo Tan Industrial Centre, 26-28 Au Pui Wan Street, Fo Tan, Hong Kong. |
| (c) | Mr. Fu's principal occupation is Chief Executive
Officer, Secretary and Director. |
| (d) | During the last five years, the Reporting Person has not been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | During the last five years, the Reporting Person has not been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject, to federal or state
securities laws or finding any violation with respect to such laws. |
| (f) | Mr. Fu is a citizen of Hong Kong. |
Item 3. Source and Amount of Funds or Other
Consideration
On December
15, 2021, the Company acquired 50,000 shares of Powertech Management Limited, a limited liability company organized under the laws of
the British Virgin Islands ("Powertech"), representing all of its issued and outstanding securities, from its shareholders Silver
Bloom Properties Limited and FU Wah in exchange for 2,835,820,896 shares of our Common Stock. In connection
with the acquisition, each of Silver Bloom Properties Limited and FU Wah received 2,126,865,672 and 708,955,224 shares of our Common Stock,
respectively. Powertech operates its smart power supply business through its wholly owned subsidiary Powertech Corporation Limited, a
limited liability company organized under the laws of Hong Kong. The Company relied on the exemption from registration pursuant to Section
4(2) of, and Regulation D and/or Regulation S promulgated under the Act in selling the Company's securities to the shareholders of Powertech.
Prior to the
Share Exchange, the Company was considered as a shell company due to its nominal assets and limited operation. As a result of our acquisition
of Powertech, the Company entered into the smart power supply business.
Item 4. Purpose of Transaction
The acquisition by the Reporting
Person of the Shares (as hereinafter defined) as described herein was effected because of the belief that the Shares represent an attractive
investment. Depending on prevailing market, economic and other conditions, the Reporting Person may from time to time acquire additional
Shares or engage in discussions with the Company concerning future acquisitions of shares of its capital stock. Such acquisitions may
be made by means of open-market purchases, privately negotiated transactions, direct acquisitions from the Company or otherwise.
The Reporting Person intends to review his investment in the Company on a continuing basis and, depending upon the price and availability
of shares of the Company's capital stock, subsequent developments affecting the Company, the Company's business and prospects, other investment
and business opportunities available to the Reporting Persons, general stock market and economic conditions, tax considerations and other
factors considered relevant, may decide at any time to increase or to decrease the size of his investment in the Company.
As an executive
officer, director and significant stockholder in the Company, Mr.
Fu may vote his shares or otherwise cause the Company to enter into acquisitions and strategic partnerships to expand the
business of the Company. These acquisitions or strategic partnerships may be funded through the issuance of additional securities
of the Company, working capital or a combination of both.
Additional Disclosure
Except as set forth
above in this statement, the Reporting Person has no plans or proposals that relate to or would result in: (a) the acquisition by
any person of additional securities of the Company, or the disposition of securities of the Company; (b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or
transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present Board or management
of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the
Board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the
Company's business or corporate structure; (g) changes in the Company's charter, by-laws or instruments corresponding thereto or
other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the
Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association; (i) a class
of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange
Act; or (j) any action similar to any of those enumerated above.
Item 5.
Interest in Securities of the Issuer
| (a) | The percentages used herein are calculated based upon 4,807,802,061
shares of the Common Stock outstanding as of May 31, 2022. |
| (b) | The Reporting Person is the direct owner of 708,955,224 shares of Common Stock (the
"Shares") representing approximately 14.746% of the outstanding shares of Common Stock and has the sole power to vote or to
direct the vote and to dispose or direct the disposition of the Shares. |
| (c) | The Reporting Person did not effect any transactions in the Shares during the sixty
days before the date of this Schedule 13D. |
| (d) | Except as set forth in this Item 5, no person other than the Reporting Person is
known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares. |
Item 6. Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer
The disclosures set forth in Item 4 hereinabove is hereby
incorporated by reference herein.
Item 7. Material to be Filed as
Exhibits
None
SIGNATURES
After reasonable inquiry and to the best of my
knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
| Dated: June 7, 2022 |
/s/ FU Wah
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FU Wah |
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