Company: KNRX
Filing Date: 2025-06-12
Form Type: F-1/A
Source: 0001641172-25-014801
Chunk: 210

Company: KNOREX LTD.
Filing Date: 2025-06-12
Form: F-1/A
Chunk 210
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 equipment, net consist of the following:

|                                   |     |     |            As 
 of   December 
      31, 2024 |   |     |     |            As 
 of   December 
      31, 2023 |   |
|:----------------------------------|:----|:----|--------------:|:--|:----|:----|--------------:|:--|
|                                   |     | US$ |               |   |     | US$ |               |   |
| Office equipment                  |     | $   |       149,389 |   |     | $   |       160,025 |   |
| Furniture and fixtures            |     |     |        19,758 |   |     |     |        23,379 |   |
| Subtotal                          |     |     |       169,147 |   |     |     |       183,404 |   |
| Less: accumulated depreciation    |     |     |      (146,281 | ) |     |     |      (151,062 | ) |
| Total property and equipment, net |     | $   |        22,866 |   |     | $   |        32,342 |   |

Depreciation expense for the years ended December 31, 2024 and 2023 amounted to US$21,136 and US$14,121, respectively. For the years ended on December 31, 2024 and 2023, the company recognized a gain of $59 and $409, respectively, in relation to the disposal of office equipment at its carrying value. During 2024, Knorex MY fully wrote off its office equipment and furniture and fixtures that were fully depreciated.

| F-19 |

Note 7 – Credit facilities

Long-term loans – bank

Outstanding balances on long-term bank loans consist of the following:

|                                       | Bank 
 Name |                                                    | Maturities |     | Interest 
     Rate |   |     |                               | Collateral/ 
 Guarantee   |     |       As 
       of 
 December 
 31, 2024 |   |     |     |        As 
        of 
  December 
  31, 2023 |   |
|:--------------------------------------|:-----|:---------------------------------------------------|:-----------|:----|---------:|:--|:----|:------------------------------|:------------|:----|---------:|:--|:----