Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 263

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 263
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 | (1,054 | ) |     |                  |      - |     |       | (1,054 | ) |
| Present value of minimum lease payments |     |                 | 15,654 |   |     |                  | 40,389 |     |       | 56,043 |   |
| Less: minimum lease payments, current   |     |                 | (7,921 | ) |     |                  |      - |     |       | (7,921 | ) |
| Minimum lease payments, non-current     |     | $               |  7,733 |   |     | $                | 40,389 |     | $     | 48,122 |   |

| F-49 |

Note 11 – Shareholders’ equity

Class A and B Ordinary Shares

The Company is authorized to issue 90,000,000 Class A Ordinary Shares with par value $0.0005 each and 10,000,000 Class B Ordinary Shares with par value $0.0005 each.

Holders of our Class A Ordinary Shares and Class
B Ordinary Shares will have the same rights except for voting and conversion rights. Except for any resolutions to be passed for the
purpose of extending the five-year period (subject to any extension) following which all Class B Ordinary Shares shall be automatically
and immediately converted into an equal number of Class A Ordinary Shares (“Class B Validity Period”), each Class A Ordinary
Share shall entitle the holder thereof to one vote on all matters subject to vote at our general meetings and each Class B Ordinary Share
shall entitle the holder thereof to five votes on all matters subject to vote at our general meetings. In relation to any resolutions
to be passed for the purpose of extending the Class B Validity Period, each Class A Ordinary Share shall entitle the holder thereof to
one vote and each Class B Ordinary Share shall entitle the holder thereof to one vote.

Class B Ordinary Shares shall be automatically
and immediately converted into an equal number of Class A Ordinary Shares upon (i) the expiration of the Class B Validity Period, and
(ii) the transfer of Class B Ordinary Shares. Class A Ordinary Shares are not convertible into Class B Ordinary Shares under any circumstances.

No Class B Ordinary Share shall be transferred
within the first two years from the date of its issuance unless prior written consent from all the Directors is obtained. Upon any transfer
of Class B Ordinary Shares, such Class B Ordinary Shares shall be converted automatically to Class