$MGRT

Mega Fortune is a Hong Kong Internet of Things (IoT) solutions provider serving enterprises and project clients. Through its Hong Kong operating subsidiary, QBS System, it provides IoT integration solutions, maintenance and support, business process outsourcing, and trading of hardware and IoT-related products. Its integration work includes consulting, development, implementation, analytics and support for enterprise and industrial applications, including smart buildings, energy and stock management, home growing devices, smart benches and location-based services. QBS System also provides IT-related personnel for client projects. Mega Fortune earns fees from fixed-price integration and outsourcing contracts, ongoing maintenance and support agreements, and sales of hardware and IoT products. Service fees are generally recognized over the course of work or service delivery, while product sales are recognized upon delivery. Its principal executive offices are in Hong Kong.