Company: KMRK
Filing Date: 2025-05-19
Form Type: F-1
Source: 0001213900-25-045262
Chunk: 97

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-05-19
Form: F-1
Chunk 97
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 are held by our Controlling Shareholders. As at the date of this prospectus, the ownership of our subsidiary are as follows:

The Company, the issuer in this offering, was incorporated as a business company in the BVI on December2, 2024. We first began operations in 2016 through its operating subsidiary, KMT. As at the date of this prospectus, 12,000,000 Class A Shares and 4,500,000 Class B Shares issued upon the Re -designationwere legally and beneficially owned by our Controlling Shareholders, and 3,000,000 Class A Shares were legally and beneficially owned by five corporations, all of whom have no affiliation with us. Our Controlling Shareholders presently hold 95.0% of the voting power of KTech and will hold 91.9% of the voting power immediately after this offering. Because more than 50% of the voting power of the Company is held by our Controlling Shareholders after the completion of this offering, we will be a controlled company under the Nasdaq Capital Market corporate governance rules. See “ Risk Factors — Risks Related to Our Shares.” At each general meeting, each Class A shareholder who is present in person or by proxy (or, in the case of a shareholder being a corporation, by its duly authorized representative) will have one (1) vote for each Class A Share which such shareholder holds and each Class B shareholder who is present in person or by proxy (or, in the case of a shareholder being a corporation, by its duly authorized representative) will have ten (10) votes for each Class B Share which such shareholder holds. There are no prohibitions to cumulative voting under the laws of the BVI, but our Articles of Association do not provide for cumulative voting.

54 MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes included elsewhere in this prospectus. This discussion contains forward -looking statements reflecting our current expectations that involve risks and uncertainties. See “Special Note Regarding Forward -Looking Statements” for a discussion of the uncertainties, risks and assumptions associated with these statements. Actual results and the timing of events could differ materially from those discussed in our forward -looking statements as a result of many factors, including those set forth under “Risk Factors” and elsewhere in this prospectus. Overview We are principally engaged in the design