Company: KMRK
Filing Date: 2025-06-05
Form Type: F-1/A
Source: 0001213900-25-051459
Chunk: 204

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-06-05
Form: F-1/A
Chunk 204
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, bank borrowing as obtained from a financial institution in Hong Kong, which bear annual interest at a fixed rate from 4.08% to 5.04% and are repayable by monthly instalments from 5 years to 10 years. The Company’s bank borrowings are guaranteed loans with other terms and conditions. Interest related to the bank borrowings was approximately US$25,874 and US$32,063 for the financial year ended March 31, 2024 and for the six months ended September 30, 2024, respectively.

F-37

K-TECH SOLUTIONS COMPANY LIMITED Notes to the unaudited INTERIM CONDENSED combined financial statements NOTE 9 — ACCOUNTS PAYABLES, OTHER PAYABLES AND CONTRACT LIABILITIES

|                      |     |     As of 
 March 31, 
      2024 |     |         As of 
 September 30, 
          2024 |
|:---------------------|:----|----------:|:----|--------------:|
|                      |     |       US$ |     |           US$ |
|                      |     |  -Audited |     |    -Unaudited |
| Accounts payable     |     |   987,666 |     |     1,656,014 |
| Accrued expenses     |     |     8,631 |     |       215,195 |
| Contract liabilities |     |   518,441 |     |       436,338 |
|                      |     | 1,514,738 |     |     2,307,547 |

The Company records contract liabilities from customers when cash payments are received or due in advance of performance. NOTE 10 — AMOUNTS DUE FROM/(TO) RELATED PARTIES

| Name of related parties           |     | Relationship                                           |     |      As of 
  March 31, 
       2024 |   |     |         As of 
 September 30, 
          2024 |   |
|:----------------------------------|:----|:-------------------------------------------------------|:----|-----------:|:--|:----|--------------:|:--|
|                                   |     |                                                        |     |        US$ |   |     |           US$ |   |
| K-Mark Industrial Limited         |     | Related company with common directors and shareholders |     | (1,220,097 | ) |     |      (908,553 | ) |
| Gold