Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 237

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 237
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 (8,410,390 | ) |
| Noncontrolling interests                                                       |     |              |        (186 | ) |     |              |       3,322 |   |
| Total Shareholders’ Equity (Deficit)                                           |     |              |     151,689 |   |     |              |  (8,407,068 | ) |
| Total Liabilities and Shareholders’ Equity (Deficit)                           |     | $            |   5,708,599 |   |     | $            |   4,016,890 |   |

*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-31 |

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

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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

|                                                                                |     | For the Years Ended 
 2023                | December 31, |   |     | 2022 | December 31, |   |
|:-------------------------------------------------------------------------------|:----|:--------------------|-------------:|:--|:----|:-----|-------------:|:--|
| REVENUES                                                                       |     | $                   |    8,725,816 |   |     | $    |    6,316,380 |   |
| COST OF REVENUES                                                               |     |                     |    5,496,119 |   |     |      |    4,506,573 |   |
| GROSS PROFIT                                                                   |     |                     |    3,229,697 |   |     |      |    1,809,807 |   |
| OPERATING EXPENSES:                                                            |     |                     |              |   |     |      |              |   |
| Platform operations                                                            |     |                     |    3,598,134 |   |     |      |    3,139,735 |   |
| Sales and marketing                                                            |     |                     |    3,306,652 |   |     |      |    2