Company: KMRK
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001213900-25-000267
Chunk: 100

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-01-02
Form: DRS
Chunk 100
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4, representing an increase of approximately US$0.68 million from a net income of approximately US$0.25 million for the year ended March 31, 2023. Liquidity and Capital Resources We financed our operations primarily through cash flows from operations and loans from banks and related parties, if necessary. Our use of cash was primarily related to operating activities and payment for offering cost in the years ended March 31, 2024 and 2023. We have historically financed our operations primarily through our cash flow generated from our operations and bank borrowings. In view of the current cash and bank balances, funds generated by our operating activities and bank loans, we believe our Company has sufficient resources to meet the working capital needs in the next 12 months from the date the audited financial statements are issued. However, our ability to meet the liquidity and capital requirements will be subject to future economic conditions and other factors which are beyond our control. We may declare or pay dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our Board after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the Board deems relevant, and subject to the restrictions contained in any future financing instruments. We intend to use the net proceeds from this offering in the following manner: •approximately [60% for potential investments and/or acquisition of a factory in Vietnam and/or other South East Asian countries]; •approximately [15% for expansion and recruitment of product designers and engineers]; •approximately [10% to obtain licensed rights from internationally renowned intellectual properties licensors for co -brandedproducts]; and •remaining [15% for general administration and working capital]. Cash Flow s The following table sets forth a summary of our combined cash flows for the years ended March 31, 2024 and 2023, respectively:

|                                                      |     |       2024 |   |     |     2023 |   |
|                                                      |     |        US$ |   |     |      US$ |   |
| Net cash provided by (used in) operating activities  |     |  5,440,648 |   |     | (229,783 | ) |
| Net cash provided by (used in) investing activities  |     |     66,403 |   |     |  (89,799 | ) |
| Net cash used in financing activities                |     | (2,466,070 | ) |     | (520,