Company: KNRX
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001493152-25-014499
Chunk: 53

Company: KNOREX LTD.
Filing Date: 2025-09-22
Form: F-1/A
Chunk 53
---
 pure equity holding company since it only holds equity participation in other entities and only earns dividends and capital gains. Accordingly, for so long as our Company is a “pure equity holding company,” it is only subject to the minimum substance requirements, which require us to (i) comply with all applicable filing requirements under the Companies Act; and (ii) has adequate human resources and adequate premises in the Cayman Islands for holding and managing equity participations in other entities. However, there can be no assurance that we will not be subject to more requirements under the ES Act. Uncertainties over the interpretation and implementation of the ES Act may have an adverse impact on our business and operations.

| 28 |

As an exempted company incorporated in the Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from NYSE American corporate governance listing standards.

As an exempted company incorporated in the Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from the corporate governance listing requirements of the NYSE American. These practices may afford less protection to shareholders than they would enjoy if we complied fully with corporate governance listing requirements of the NYSE American. Following this offering, we will rely on home country practice to be exempted from certain of the corporate governance requirements of the NYSE American, namely:

| (i)  | there                                                                                         
 will not be a necessity to hold meetings of board of directors on at least a quarterly basis, 
 or the requirement for independent directors to have regularly scheduled executive sessions   
 at least annually without the presence of non-independent directors and management; and       |
| (ii) | there                                                                                         
 will be no requirement for the Company to obtain shareholder approval with respect to (a)     
 the establishment (or material amendment to) a stock option or purchase plan or other equity  
 compensation arrangement as specified in Section 711 of the NYSE American LLC Company Guide;  
 (b) the issuance of additional shares as sole or partial consideration for an acquisition     
 of the stock or assets of another company in the circumstances specified in Section 712 of    
 the NYSE American LLC Company Guide; and (c) the issuance of additional shares in connection  
 with a transaction specified in Section 713 of the NYSE American LLC Company Guide, or that   
 will result in a change of control of the Company.                                            |

To the extent we choose to follow home country practice in the future, our shareholders may be afforded less protection than they otherwise would enjoy