Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 44

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 44
---
 our financial condition and results of operations.

The Cayman Islands currently levies no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is no inheritance tax or estate duty. There are no other taxes likely to be material to investors levied by the government of the Cayman Islands except for stamp duties which may be applicable on instruments executed in or after execution brought within the jurisdiction of the Cayman Islands. The Cayman Islands is a party to a double tax treaty entered with the United Kingdom in 2010 but is otherwise not party to any double tax treaties that are applicable to any payments made to or by our company. There are no exchange control regulations or currency restrictions in the Cayman Islands.

In the ordinary course of
our current business in and further expansion into key Asia Pacific markets, there would be more transactions which tax has to be determined
may be less uncertain. Our effective tax rate could be adversely affected by lower than anticipated earnings in markets where we have
lower statutory rates and higher than anticipated earnings in markets where we have higher statutory rates, by changes in foreign currency
exchange rates or by changes in the relevant tax, accounting, app store taxes and other laws, regulations, principles and
interpretations. Any of these occurrences could materially and adversely affect our business, financial condition, results of operations
and prospects.

| 24 |

Substantial inflationary pressures in Asia where may prompt the governments to take action to control the growth of the economy and inflation, which could lead to a significant decrease in our profitability in the future.

While many of the economies in Asia, including but not limited to Singapore, Vietnam, India and Malaysia where we operate in, have experienced rapid growth over the last two decades, they currently are experiencing inflationary pressures. As governments take steps to address the current inflationary pressures, there may be significant changes in the availability of bank credit, interest rate increases, limitations on loans, or restrictions on currency conversions and foreign investment. There also may be imposition of price controls. If prices for the products we source or if wages rise at a rate that is insufficient to compensate for the rise in these costs, it may have an adverse effect on our profitability. If these or other similar restrictions are imposed by a government to influence the economy, it may lead to a slowing of economic growth.

Our subsidiary is subject to the laws of Singapore, which differ in certain material respects from the laws of the United States.

Our subsidiary in Singapore, Knorex SG, is required to comply with the laws of