Company: KMRK
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001213900-25-000267
Chunk: 113

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-01-02
Form: DRS
Chunk 113
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 our brand recognition in the retail market. Moreover, the product lifecycle of co -brandedproducts is generally longer as these intellectual properties licensors regularly create new characters in animated movies and television programs. Commence manufacturing operations in Southeast Asian countries Our products are mainly manufactured and supplied by Fully Starise, an independent third party manufacturer for the years ended March 30, 2024 and 2023. Given the long term partnership and supply agreement entered into with Fully Starise, we enjoy seamless communication with Fully Starise to closely monitor the entire production process and ensure quality products that adhere to our original design are delivered to customers. Considering the importance of a strong backup of production facilities in cost control and quality assurance, we are currently exploring Vietnam and/or other South East Asian countries for potential locations for our own factory and manufacturing operations. Although we plan to commence manufacturing operations, we cannot assure you that we will be able to materialize such plan and operations. CUSTOMERS For the years ended March 31, 2024 and 2023, we had the following customers that accounted for more than 10% of our revenue:

|                                                                      |     | For the year ended March 31, 
                         2024 |     |       |     |       2023 |     |       |
|:---------------------------------------------------------------------|:----|-----------------------------:|:----|------:|:----|-----------:|:----|------:|
|                                                                      |     |                       Amount |     |     % |     |     Amount |     |     % |
| Major customers representing more than 10% of the Company’s revenues |     |                              |     |       |     |            |     |       |
| Customer A                                                           |     |                    3,730,157 |     | 21.78 |     |  5,955,781 |     | 35.79 |
| Customer B                                                           |     |                    3,912,105 |     | 22.85 |     |  4,706,330 |     | 28.29 |
| Customer C                                                           |     |                    3,737,092 |     | 21.82 |     |    681,421 |     |  4.10 |
| Total                                                                |     |                   11,379,354 |     | 66.45 |     | 11,343,532 |     | 68.18 |

68

COMPETITION The Hong Kong toy industry is fragmented with large number of players