Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 239

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 239
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 |         |    159 |     |                 |         - |     |         |     - |     |            |    511,269 |     |             | -           |   |     |               | -        |   |     |                |      - |   |     |               |    511,428 |   |
| Foreign                                                 
 currency translation adjustment                         |     |                 |          - |     |         |      - |     |                 |         - |     |         |     - |     |            |          - |     |             | -           |   |     |               | (203,569 | ) |     |                |   (260 | ) |     |               |   (203,829 | ) |
| BALANCE,                                                
 December 31, 2023                                       |     |                 | 21,667,400 |     | $       | 10,835 |     |                 | 4,780,575 |     | $       | 2,390 |     | $          | 44,577,911 |     | $           | (43,532,433 | ) |     | $             | (906,828 | ) |     | $              |   (186 | ) |     | $             |    151,689 |   |

*Giving retroactive effect to the 1-for-20 share split effected on February
26, 2024 and additional issuance of 22,477,825 Class A Ordinary Shares and 4,780,555 Class B Ordinary Shares effected on September
30, 2024 as part of the Reorganization consideration.

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.</div>

| F-33 |

<div align='center'>KNOREX LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Stated in U.S. Dollars)</div>

| CASH FLOWS FROM OPERATING ACTIVITIES:                                       
 Net loss                                                                    
 Adjustments to reconcile net loss to net cash used in operating activities: 
 Depreciation                                                                
 Amortization of operating right-of-use asset                                
 Amortization of discount on debt instrument                                 
 Amortization of capitalized software development costs                      
 Provision for credit losses                                                 
 Gain on disposal of equipment                                               
 Change in operating assets and liabilities                                  
 Accounts receivable                                                         
 Other receivables                                                           
 Other receivables - related parties