Company: KNRX
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001493152-25-012564
Chunk: 17

Company: KNOREX LTD.
Filing Date: 2025-09-02
Form: F-1/A
Chunk 17
---
 these competitors may have an advantage in quickly adapting to new technologies, developing deeper marketer
relationships, or offering services at lower prices. Increased competition may lead to lower pricing for our XPO platform, increased
sales and marketing expense, longer sales cycles, or a decrease of our market share, any of which could negatively affect our revenue
and future operating results and our ability to grow our business.

In addition, our competitors
may also have greater brand recognition than we have and actively target our market and have the power to significantly change the nature
of the marketplace to their advantage. Some of our larger competitors may have a broader range of products and services and they
can leverage such comprehensive offerings to gain a competitive edge, including by selling at a lower margin or bundling of product
with services at a reduced price. These larger competitors often have broader product lines and market focus, making them less vulnerable
to market fluctuations. We may also experience negative market perception for being a smaller company than our larger competitors.

New technological entrants
are and will continue to enter. We may face competition from companies that are currently unknown to us or do not yet exist. If these
companies develop, market, or resell competitive high-value marketing products or services, acquire one of our existing competitors
or form a strategic partnership with one of our competitors, our ability to compete effectively could be significantly hindered and our
results of operations could be harmed. Their new services or technology may make our offers less differentiated or competitive in
comparison to other options, negatively impacting our operating results.

Our products and services,
our results of operations and our ability to develop and maintain a competitive advantage and continue to grow could be harmed if we
do not adequately invest in new technology and industry developments or evolve and expand our business at a sufficient speed and scale,
or if we do not make the right strategic investments to respond to these developments and successfully drive innovation.

Our success depends on acquiring new customers, effectively retaining our existing customers and increasing their usage of our platform.

Our success and revenue
growth depend on constantly acquiring new customers and increasing our current customers’ usage of our XPO platform. Our contracts
and relationships with customers generally do not include long-term or exclusive obligations requiring them to use our platform or maintain
or increase their use of our platform. Our customers may have relationships with numerous providers and can use both our platform and
those of our competitors without incurring significant costs or disruption. Our customers may also choose to decrease their overall advertising
spend for any reason. Accordingly