Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 249

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 249
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orex SG, was Singapore Dollar (S$). Effective January 1, 2024, Knorex SG transitioned its functional currency to the US$.

In general, for consolidation purposes, assets, and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive loss within the statements of shareholders’ equity (deficit). Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets.

| F-37 |

Translation of foreign currencies into US$1 have been made at the following exchange rates for the respective periods:

|                                            |     |     | December 31, 2023 |     |     | December 31, 2022 |
|:-------------------------------------------|:----|:----|------------------:|:----|:----|------------------:|
| As of period-end SGD: US$1 exchange rate   |     |     |            1.3207 |     |     |            1.3406 |
| As of period-end MYR: US$1 exchange rate   |     |     |            4.5950 |     |     |            4.4050 |
| As of period-end VND: US$1 exchange rate   |     |     |         24,268.91 |     |     |         23,640.01 |
| As of period-end INR: US$1 exchange rate   |     |     |           83.2190 |     |     |           82.7501 |
| As of period-end THB: US$1 exchange rate   |     |     |           34.3720 |     |     |           34.5304 |
| As of period-end AUD: US$1 exchange rate   |     |     |            1.4674 |     |     |            1.4695 |
| As of period-end RMB: US$1 exchange rate   |     |     |            7.0798 |     |     |            6.8979 |
|