OTC: QDMI
QDM International Inc.CIK 0001094032 · Insurance Agents & Brokers
QDM is a holding company incorporated in Florida with no material operations of its own, and we conduct our insurance brokerage business through our indirectly wholly-owned subsidiary, YeeTah, primarily in Hong Kong. About this business →
Each report below shows a 3-bullet preview. Free accounts read 3 full reports a month — narrative summary, section diffs, and EDGAR-cited quotes.
Sign up freeWant to see a complete report first? Today's free report (NAVN 10-Q) is open in full — no account needed.
Summary not yet generated.
Summary not yet generated.
Partner
Trade QDMI commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
About QDM International Inc.
Source: Item 1 (Business) from the 10-K filed June 29, 2026. Description as filed by the company with the SEC.
Item 1. Business.
Overview
QDM is a holding company incorporated in Florida
with no material operations of its own, and we conduct our insurance brokerage business through our indirectly wholly-owned subsidiary,
YeeTah, primarily in Hong Kong.
YeeTah sells a wide range of insurance products
consisting of two major categories: (i) life and medical insurance, such as individual life insurance; and (ii) general insurance, such
as automobile insurance, commercial property insurance, liability insurance and homeowner insurance. In addition, as a Mandatory Provident
Fund (“MPF”) intermediary, YeeTah is also licensed to provide customers with assistance on information collection, explanation
of MPF products and policies (excluding investment advisory services), assistance with applications to set up MPF accounts, and transfer
of funds across their respective MPF schemes. The MPF and the Occupational Retirement Schemes Ordinance (“ORSO”) in
Hong Kong are retirement protection schemes set up for employees who are Hong Kong residents.
YeeTah sells insurance
products underwritten by insurance companies operating in Hong Kong to individual customers who are either Hong Kong residents or visitors
from mainland China and is compensated for its services by commissions paid by insurance companies, typically based on a percentage of
the premium paid by the insured. Commissions generally depend on the type and term of insurance products and the particular insurance
company, and they are usually paid by the insurance companies the next month after the cooling off period of the policies sold, which
is generally 21 days after the earlier of the delivery of the policy or the delivery of the cooling off notice to the policy holder, during
which period policy purchasers may cancel the policy at their discretion and receive refunds.
Read full description ↓
As of the date of this
Report, YeeTah is a party to agreements with 24 insurance companies in Hong Kong, and offers approximately 629 insurance products to its
individual customers. For the fiscal year ended March 31, 2026, approximately 31.3%, 26.1% and 11.6% of YeeTah’s total commissions
was attributable to three insurance company, respectively. For the fiscal year ended March 31, 2025, approximately 68.1% and 12.4% of
YeeTah’s total commissions was attributable to two insurance companies, respectively.
During the fiscal year
ended March 31, 2026 and March 31, 2025, YeeTah had a total of 880 and 263 customers who purchased life and medical insurance
products through YeeTah, and 9 and 36 individual customers who purchased general insurance products, as well as one and five customers
for MPF related services, respectively. As of the date of this Report, YeeTah has not provided any customer ORSO related services.
As an independent insurance
broker, YeeTah offers not only a broad range of insurance products underwritten by multiple insurance companies to address the diverse
needs and preferences of increasingly sophisticated customers but also provides a range of quality services covering insurance policy
application, customer information collection, analysis of policy selection, and after-sale services.
YeeTah focuses on offering
long-term life insurance products including endowment life and annuity life insurance and distributes general insurance products including
automobile insurance, individual accident insurance, homeowner insurance, liability insurance and travel insurance. All of YeeTah’s
sales of life and medical insurance products and general insurance products are conducted through its licensed salespersons (known in
Hong Kong as technical representatives).
Hong Kong’s independent
insurance intermediary market is experiencing rapid growth due to increasing demands for insurance products by the Chinese population,
especially visitors from mainland China. Although we do not sell any insurance products in mainland China or solicit any customer in mainland
China, we intend to grow our business by offering premium services and recruiting talent to join our professional team and sales force,
expanding our distribution network through building more connections with business partners in Hong Kong and mainland China, such as wealth
management companies, funds, trust companies, and overseas immigration agencies.
1
Holding Company Structure
QDM is not an operating company but a Florida
holding company with operations primarily conducted through its indirectly wholly-owned subsidiary based in Hong Kong. Our investors hold
shares of common stock in QDM, the Florida holding company.
We do not have or intend to set up any subsidiary
or enter into any contractual arrangements to establish a variable interest entity (“VIE”) structure with any entity in China.
Our corporate organizational structure is as follows as of the date of this Report:
Our holding company structure presents unique
risks as our investors may never directly hold shares in our Hong Kong operating subsidiary and we will be dependent upon dividends and
other distributions from our subsidiaries to finance our cash flow needs. Our ability to receive dividends and other contributions from
our subsidiaries may be significantly affected by regulations promulgated by Hong Kong and PRC authorities. Any change in the interpretation
of existing rules and regulations or the promulgation of new rules and regulations may materially affect our operations and or the value
of our securities, including causing the value of our securities to significantly decline or become worthless. For a detailed description
of the risks facing the Company associated with our structure, please refer to “