Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 54

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 3
Chunk 54
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 CAC’s cybersecurity review or CSRC Overseas Issuance and Listing review in the future.
If KMT becomes subject to the CAC or CSRC review, we cannot assure you that KMT will be able to comply with the regulatory requirements
in all respects and the current practice of collecting and processing personal information may be ordered to be rectified or terminated
by regulatory authorities. In the event of a failure to comply, KMT may become subject to fines and other penalties which may have a material
adverse effect on our business, operations and financial condition and may hinder our ability to continue to offer Class A Shares to investors
and cause the value of our Class A Shares to significantly decline or be worthless.

PRC government recently initiated
a series of regulatory actions and made a number of public statements on the regulation of business operations in China with little advance
notice, including cracking down on illegal activities in the securities market, enhancing supervision over China-based companies listed
overseas using a variable interest entity structure, adopting new measures to extend the scope of cybersecurity reviews, and expanding
efforts in anti-monopoly enforcement.

On February 17, 2023,
with the approval of the State Council, the CSRC promulgated the Trial Administrative Measures of Overseas Securities Offering and Listing
by Domestic Companies, or the Trial Measures, and five supporting guidelines, which came into effect on March 31, 2023. Pursuant
to the Trial Measures, (i) domestic companies that seek to offer or list securities overseas, both directly and indirectly, shall
complete filing procedures with the CSRC pursuant to the requirements of the Trial Measures within three working days following their
submission of IPOs or listing applications. If a domestic company fails to complete the required filing procedures or conceals any material
fact or falsifies any major content in its filing documents, such domestic company may be subject to administrative penalties, such as
an order to rectify, warnings and fines, and its controlling shareholders, actual controllers, the person directly in charge and other
directly liable persons may also be subject to administrative penalties, such as warnings and fines; (ii) if the issuer meets both
of the following criteria, the overseas offering and listing conducted by such issuer shall be deemed an indirect overseas offering and
listing by a PRC domestic company: (A) 50% or more of any of the issuer’s operating revenue, total profit, total assets or
net assets as documented in its audited CFS for the most