Company: KMRK
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087627
Chunk: 32

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-09-15
Form: F-1
Chunk 32
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. national securities exchanges of issuers included on the SEC’s list for three consecutive
years. It is unclear if this proposed legislation will be enacted. Furthermore, there have been recent deliberations within the
U.S. government regarding potentially limiting or restricting China-based companies from accessing U.S. capital
markets.

On
May 20, 2020, the U.S. Senate passed the HFCA Act, which includes requirements for the SEC to identify issuers whose audit
work is performed by auditors that the PCAOB is unable to inspect or investigate completely because of a restriction imposed by a
non-U.S. authority in the auditor’s local jurisdiction. The U.S. House of Representatives passed the HFCA Act on
December 2, 2020, and the HFCA Act was signed into law on December 18, 2020. Additionally, in July 2020, the U.S.
President’s Working Group on Financial Markets issued recommendations for actions that can be taken by the executive branch,
the SEC, the PCAOB or other federal agencies and department with respect to Chinese companies listed on U.S. stock exchanges and
their audit firms, in an effort to protect investors in the U.S. In response, on November 23, 2020, the SEC issued
guidance highlighting certain risks (and their implications to U.S. investors) associated with investments in China-based
issuers and summarizing enhanced disclosures the SEC recommends China- based issuers make regarding such risks.

On March 24,
2021, the SEC adopted interim final rules relating to the implementation of certain disclosure and documentation requirements in the HFCA
Act. On December 2, 2021, the SEC adopted amendments to finalize rules implementing the submission and disclosure requirements in
the HFCA Act. The rules apply to public companies whose stock is registered with the SEC and are identified by the SEC as having filed
an annual report with an audit report issued by a registered public accounting firm located in a foreign jurisdiction and whose audit
work that PCAOB is unable to inspect or investigate. We will be required to comply with these rules if the SEC identifies us as having
a “non-inspection” year under a process to be subsequently established by the SEC. The final amendments require any
identified registrant to submit documentation to the SEC establishing that the registrant is not owned or controlled by a government entity
in the public accounting firm’s foreign jurisdiction, and they also require, among other things, disclosure in the registrant’s
annual