Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 109

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 10
Chunk 109
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 company their written election in the form specified by the BCA to
dissent from the merger or consolidation, provided that in the case of a merger, the 20 days starts when the plan of merger is delivered
to the shareholder.

Upon giving notice of his election
to dissent, a shareholder ceases to have any shareholder rights except the right to be paid the fair value of his or her shares. As such,
the merger or consolidation may proceed in the ordinary course notwithstanding his dissent.

Within seven days of the
later of the delivery of the notice of election to dissent and the effective date of the merger or consolidation, the company must make
a written offer to each dissenting shareholder to purchase his or her shares at a specified price per share that the company determines
to be the fair value of the shares. The company and the shareholder then have thirty days to agree upon the price. If the company
and a shareholder fail to agree on the price within the thirty days, then the company and the shareholder shall, within twenty days
immediately following the expiration of the thirty-day period, each designate an appraiser and these two appraisers shall designate a
third appraiser. These three appraisers shall fix the fair value of the shares as of the close of business on the day prior to the
shareholders’ approval of the transaction without taking into account any change in value as a result of the transaction.

Shareholders’ Suits. There are both statutory and common law remedies available to our shareholders as a matter of BVI law. These are summarized below:

  Prejudiced members: A shareholder who considers that the affairs of a company have been, are being, or                                         

  Derivative actions: Section 184C of the BCA provides that a shareholder of a company may, with the                                          
  leave of the Court, bring an action in the name of the company. Under Delaware law, a stockholder is eligible to bring a derivative action  
  if the holder held stock at the time of the challenged wrongdoing and continues from that time to hold stock throughout the course of       
  the litigation.                                                                                                                             
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This is the “continuous ownership”
rule, which is a requirement for a stockholder to bring and maintain a derivative action. The law also requires the stockholder first
to demand the Board of the corporation to assert the claims or the stockholder must state in the derivative