Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 162

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 19
Chunk 162
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101,629                613,242        560,269  
  K-Mark Industrial Limited              Related company with common directors      Purchase of goods                                                       317,060                  1,332,609      -        
  River Star Investment Limited          Related company with common directors      Purchase of property, plant and equipment                               -                        -              40,817   
  Goldin Enterprise Limited              Related company with common directors      Payments of lease liabilities                                           -                        92,027         84,186   
  Remarkable Group Holdings Limited      Related company with common directors      Payments of short-term leases                                           -                        -              15,307   
  Remarkable Group Holdings Limited      Related company with common directors      Payments of lease liabilities                                           -                        15,338         -        

NOTE 20 - FAIR VALUES OF FINANCIAL
ASSETS AND LIABILITIES

ASC Topic 825, Financial
Instruments, requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and
financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The following summarizes
the methods and significant assumptions we used in estimating our fair value disclosures for financial instruments:

  For cash and cash equivalents, Accounts receivable, amounts due from related parties, deposits and other                                    

  For bank loans and lease liabilities classified under current liabilities, their carrying values approximate  

  For bank loans and lease liabilities classified under non-current liabilities, their fair values are estimated                             

F-21

K-TECH SOLUTIONS COMPANY LIMITED AND SUBSIDIARY

NOTE 21 - MAJOR NON-CASH TRANSACTIONS

During the year ended March 31,
2025, the Company the following major non-cash transaction:

  On March 31, 2025, the Company entered into a offsetting agreement with Kwok Yiu Fai and K-Mark Industrial Limited, pursuant to which the amount due from Kwok Yiu Fai of US$ 536,194 was offset ...  

During the year ended March 31,
2024, the Company had the following major non-cash transactions:

  On March 31, 2024, the Company entered into a transfer agreement with Kwok Yiu Keung, Kwok Yiu Fai                                      

  On March 31, 2024, the Company entered into an offsetting agreement with K-Mark Industrial Limited                                      

NOTE 22 - COMMITMENTS AND CONTINGENCIES

As of March 31