Company: KMRK
Filing Date: 2025-03-25
Form Type: DRS/A
Source: 0001013762-25-001825
Chunk: 88

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-03-25
Form: DRS/A
Chunk 88
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 such taxable year. Accordingly, there can be no assurance with respect to our status as a PFIC for our current taxable year or any subsequent taxable year. We urge U.S. Holders to consult their own tax advisors regarding the possible application of the PFIC rules in light of their individual circumstances. Our Company intends to grant employee share options and other share-based awards in the future. Our Company will recognize any share-based compensation expenses in our statements of comprehensive loss. Any additional grant of employee share options and other share-based awards in the future may have a material adverse effect on our results of operation. In connection with this offering, our Company intends to adopt an employee share incentive plan in 2024, for the purpose of granting share -basedcompensation awards, in an aggregate amount of up to 10% of our issued and outstanding Ordinary Shares following this offering, to our employees, directors and consultants to incentivize their performance and align their interests with ours. Under the said plan, we expect to be permitted to issue options to purchase or share awards of up to 1,500,000 Class A Shares. As of the date of this prospectus, we have not awarded any shares and no options to purchase Ordinary Shares have been exercised and no Ordinary Shares have been issued upon exercised vested options, in each case under the said plan. As a result of these grants and potential future grants, we expect to continue to incur significant share -basedcompensation expenses in the future. The amount of these expenses is based on the fair value of the share -basedawards. We account for compensation costs for all share options using a fair -valuebased method and recognize expenses in our statements of profit or loss and other comprehensive income. The expenses associated with share -basedcompensation will decrease our profitability, perhaps materially, and the additional securities issued under share -basedcompensation plans will dilute the ownership interests of our shareholders. However, if we limit the scope of our share -basedcompensation plan, we may not be able to attract or retain key personnel who expect to be compensated by options. We employ a mail forwarding service, which may delay or disrupt our ability to receive mail in a timely manner. Mail addressed to the Company and received at its registered office will be forwarded unopened to the forwarding address supplied by the Company to be dealt with. None of the Company, its directors, officers, advisors or service providers (including the organization which provides registered office services in the BVI) will bear any responsibility for any delay howsoever caused in mail