Company: KMRK
Filing Date: 2025-06-05
Form Type: F-1/A
Source: 0001213900-25-051459
Chunk: 198

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-06-05
Form: F-1/A
Chunk 198
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| Leasehold improvement  |     | Shorter of 5 years or remaining lease terms |
| Furniture and fixtures |     | 5 years                                     |
| Office equipment       |     | 5 years                                     |
| Computer and equipment |     | 5 years                                     |
| Motor vehicles         |     | 5 years                                     |

The useful lives of the assets are reviewed, and adjusted if appropriate, at the end of each reporting period. Upon retirement or disposition of property, plant and equipment, the cost and related accumulated depreciation are removed any resulting gain or loss is recognized in combined statements of income and comprehensive income. The cost of maintenance and repairs is charged to expenses as incurred. Operating Lease The Company determines if an arrangement is a lease at inception. The Company enters into operating lease arrangements primarily for office and operation space. The Company determines whether a contract is or contains a lease at the inception of the contract. The Company records right -of -use(“ROU”) assets and lease obligations for its finance and operating leases, which are initially recognized based on the discounted future lease payments over the term of the lease. Lease term is defined as the non -cancelableperiod of the lease plus any options to extend or terminate the lease when it is reasonably certain that the Company will exercise the option. The Company has elected not to recognize ROU asset and lease obligations for its short -termleases, which are defined as leases with an initial term of 12 months or less. For the classes of buildings, the Company has elected to not separate lease from non -leasecomponents. For leases in which the lease and non -leasecomponents have been combined, the non -leasecomponents include expenses such as common area maintenance, utilities, and repairs and maintenance. Contract Liabilities Contract liabilities consist of payment received from customers in excess of revenue recognized. Contract liabilities will be recognized as revenue when promised services are provided. Related parties The Company adopted ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions. Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, shareholder, or a related corporation.

F-30 K-TECH SOLUTIONS COMPANY LIMITED Notes to the unaudited INTERIM CONDENSED combined financial statements NOTE 2 — SUMMARY