Company: KMRK
Filing Date: 2025-05-19
Form Type: F-1
Source: 0001213900-25-045262
Chunk: 117

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-05-19
Form: F-1
Chunk 117
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| Customer C                                                           |     |                    3,737,092 |     | 21.82 |     |    681,421 |     |  4.10 |
| Total                                                                |     |                   11,379,354 |     | 66.45 |     | 11,343,532 |     | 68.18 |

Our customers are mainly located in North America and Europe which are brand owners of toy products. The table below set forth the breakdown of revenue by geographic market for the two years ended March 31, 2024:

|                          |     | Year ended March 31, 
                 2023 |     |       2024 |
|:-------------------------|:----|---------------------:|:----|-----------:|
|                          |     |                  US$ |     |        US$ |
| United States of America |     |           14,854,985 |     | 12,389,864 |
| United Kingdom           |     |            1,095,388 |     |    953,375 |
| Europe                   |     |              688,370 |     |  3,780,278 |
| Others                   |     |                    — |     |        261 |
|                          |     |           16,638,743 |     | 17,123,778 |

COMPETITION The Hong Kong toy industry is fragmented with large number of players mainly categorized into three roles namely OBM, OEM and ODM. Our Group, as a toy development solution provider serving customers that process renowned brands and intellectual properties in toy products, is competing with other OEM and ODM across the globe which are similar to us in terms of product range, supplier management, pricing, sales network coverage and quality of products. The toy market is influenced by a combination of consumer preferences, regulatory changes, technological advancements, and market dynamics. To succeed, toy exporters must remain adaptable and responsive to these drivers, focusing on innovation, safety, sustainability, and fostering strong relationships within the supply chain. With the highly fragmented market, we may face increasing number of competitors in our target markets and these competitors may have stronger financial resources, lower pricing and better business reputation than we do. Despite fierce competition, we believe that we are able to stay competitive through our strong innovation and design capabilities, established customer base and solid back up of production facilities of our suppliers. We believe we possess competitive advantages over our competitors. For details of the competitive landscape of the industry we