Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 18

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 18
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ing, acquiring new technology products and services, as well as improving existing ones, is time-consuming, costly,
and uncertain. Any delay in the development, acquisition, marketing, or launch of a new offering or enhancement to an existing
offering could cause customer attrition or limit our ability to attract new customers and might have material and negative impact on
our business, financial position and operating performance. For several years, if at all, we may not see significant revenue from
such new service or product, or new applications of current new service, or product. New services and products may not be
successful, and even if they are, operating margins for certain new products and businesses may be lower than those we have seen in
the past.

Our business faces competition
from both private companies and from public companies. Some of our current and potential competitors may have significantly more financial,
technical, marketing, and other resources than we have, allowing them to devote greater resources to the development, promotion,
sale and support of their products and services. They may also have more extensive customer bases and broader supplier relationships
than we have. As a result, 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