Business UpdateJun 29, 2026, 04:17 PM
QDM International Details Hong Kong Insurance Brokerage Business
AI Summary
QDM International Inc. (QDMI) filed its 10-K, detailing its operations as a Florida holding company with its primary insurance brokerage business conducted through its indirectly wholly-owned Hong Kong subsidiary, YeeTah. YeeTah offers a range of life, medical, and general insurance products, as well as MPF intermediary services, partnering with 24 insurance companies. The filing highlights operational metrics, including customer numbers and commission attribution for fiscal years 2025 and 2026, and discusses significant regulatory risks related to PRC government influence and the Holding Foreign Companies Accountable Act (HFCA Act).
Key Highlights
- Operates insurance brokerage in Hong Kong via YeeTah, a wholly-owned subsidiary.
- YeeTah offers life, medical, general insurance, and Mandatory Provident Fund (MPF) services.
- YeeTah partners with 24 insurance companies, offering approximately 629 products.
- FY2026 commissions: 31.3%, 26.1%, 11.6% from top three insurers.
- FY2025 commissions: 68.1%, 12.4% from top two insurers.
- FY2026 customers: 880 life/medical, 9 general insurance, 1 MPF.
- FY2025 customers: 263 life/medical, 36 general insurance, 5 MPF.
- Increased authorized common shares to 700M and preferred to 30M in April 2024.
Price Impact
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