Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 153

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 19
Chunk 153
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 any material guarantees
and restrictive covenants. The Company does not have any sublease activities. Short-term lease, defined as leases with initial term of
12 months or less, are reflected on the consolidated and combined balance sheets. For purposes of calculating lease liabilities for
such leases, the Company have consolidated lease and non-lease components.

                                           Year ended March 31,                                      
                                           2025                                   2024               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────
                                           US$                                    US$                
  Finance lease expenses:                                                                            
  Amortization of right-of-use assets                                157,428                182,543  
  Interest of lease liabilities                                       15,870                 19,860  
  Total finance lease expense                                        173,298                202,403  

The components of finance
lease are as follows:

                                    As of March 31,                                          
                                    2025                                2024                 
 ─────────────────────────────────────────────────────────────────────────────────────────────
                                    US$                                 US$                  
  Right-of-use assets:                                                                       
  At the beginning of the year                             302,367                  454,300  
  Additions                                                180,208                   29,123  
  Amortization for the year                              ( 157,428                ( 182,543  
  Exchange adjustments                                       3,056                    1,487  
  At the end of the year                                   328,203                  302,367  

                                                            As of March 31,                                          
                                                            2025                                2024                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                            US$                                 US$                  
  Lease liabilities:                                                                                                 
  At the beginning of the year                                                     299,086                  448,028  
  New lease for the year                                                           180,208                   29,123  
  Interest on lease liabilities                                                     15,870                   19,860  
  Repayments of interest portion of lease liabilities                             ( 15,870                 ( 19,860  
  Repayments of principal portion of lease liabilities                           ( 155,042                ( 179,532  
  Exchange adjustments                                                               3,031                    1,467  
  At the end of the year                                                           327,283                  299,086  

F-15

K-TECH SOLUTIONS COMPANY LIMITED AND SUBSIDIARY

NOTE 6 -