Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 112

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 10
Chunk 112
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 do so in the governing documents, but shareholders may be precluded from calling special meetings.

BVI law and our Memorandum
and Articles of Association provide our shareholders holding 30% or more of the voting rights entitled to vote on any matter for which
a meeting is to be convened may request that the directors shall requisition a shareholders’ meeting. We are not obliged by law
to call an annual meeting of shareholders, however our Memorandum and Articles of Association do permit the directors to convene meetings
of the shareholders at such times as the director considers necessary or desirable. The location of any shareholder meeting can be determined
by the board of directors and can be held anywhere in the world.

Cumulative Voting. Under
the Delaware General Corporation Law, cumulative voting for elections of directors is not permitted unless the corporation’s certificate
of incorporation specifically provides for it. Cumulative voting potentially facilitates the representation of minority shareholders on
a Board since it permits the minority shareholder to cast all the votes to which the shareholder is entitled on a single director, which
increases the shareholder’s voting power with respect to electing such director.
There are no prohibitions in relation to cumulative voting under the laws of the BVI but our articles do not provide for cumulative voting.
As a result, our shareholders are not afforded any less protections or rights on this issue than shareholders of a Delaware corporation.

Removal of Directors. Under the Delaware General Corporation Law, a director of a corporation with a classified Board may be removed only for cause
with the approval of a majority of the outstanding shares entitled to vote, unless the certificate of incorporation provides otherwise.
Under our articles, subject to certain restrictions as contained therein, directors can be removed from office, with or without cause,
by a resolution of shareholders passed at a meeting of shareholders called for the purposes of removing the director or for purposes including
the removal of the director or by written resolution passed by at least 75% of the vote of the shareholders entitled to vote. Directors
can also be removed for cause by a resolution of directors passed at a meeting of directors called for the purpose of removing the director
or for purposes including the removal of the director.

Transactions with Interested
Shareholders. The Delaware General Corporation Law contains a business combination statute applicable to Delaware corporations
whereby, unless the corporation has specifically elected not to be governed by such statute by amendment to its certificate of incorporation,
it is prohibited from engaging in certain business combinations with an “interested shareholder” for three years following
the date that such person