Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 67

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 4
Chunk 67
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basis where we carry out careful budgeting based on the product specifications given by our customers, negotiate the unit cost of products
with our suppliers before making a cost-plus quotation to customers. Our suppliers mainly consisted of toys manufacturers.

For the years ended March 31, 2025 and 2024, we had the following suppliers
that accounted for more than 10% of our cost of service:

                                                                                   For the year ended March 31,                                                                    
                                                                                   2025                                                         2024                               
                                                                                   Amount                                                       Amount                             
                                                                                   US$                                                          US$                                
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Major suppliers representing more than 10% of the Company’s cost of service                                                                                                      
  Supplier A                                                                                                         13,794,711      85.34                  12,691,607      84.90  
  Total                                                                                                              13,794,711      85.34                  12,691,607      84.90  

Long term supply agreement

On January 1, 2025, we have entered into long term supply agreement
with Fully Starise, which is an independent third party supplier to manufacture our products. Salient terms of the supply agreement are
set out as below:

  Fully Starise agreed to provide us with quality products and services in a timely manner and to adhere  

  Fully Starise shall ensure the product provided does not bring any negative effect on the Group’s                                     

  Intellectual property of product design, drawing, sample, standard or format design, etc., provided by                             
  the Group shall belong to the Group, and Fully Starise may not use it for purposes other than the production of our toy products.  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  Fully Starise shall not provide other companies with any toy product of the same type or brand as those  
  provided to us.                                                                                          
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────

The supply agreement has an
initial term of four years unless terminated by either party by serving written notice prior to the expiration of the initial term.

Employees

We had 15 and 14 employees
of the Company, all based in Hong Kong as at March 31, 2024 and 2023, respectively. Below is a breakdown of our employees by
functions as at March 31