Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 69

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 4
Chunk 69
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 a party to, and we are not aware of any threat of, any legal or administrative proceedings that, in the opinion
of our management, are likely to have any material and adverse effect on our business, financial condition, cash flow, or results of operations.

REGULATIONS

Below sets forth a summary
of the most significant rules and regulations that affect our business in Hong Kong.

Laws and Regulations related in our business
operation in Hong Kong

Business Registration

The Business Registration Ordinance
(Chapter 310 of the Laws of Hong Kong) requires every entity which carries on a business in Hong Kong to apply for business
registration and to display the valid business registration certificate at the place of business. Any person who fails to apply for business
registration or display a valid business registration certificate at the place of business shall be guilty of an offence and shall be
liable to a fine of HK$5,000 (approximately US$639) and imprisonment for one year.

Taxation

The Inland Revenue Ordinance (Chapter 112 of the Laws of Hong Kong)
(the “IRO”) regulates taxes on property, earnings and profits in Hong Kong. The IRO provides that every person
including corporations, partnerships, trustees and bodies of persons, carrying on any trade, profession or business in Hong Kong
are liable for tax on all profits (excluding profits arising from the sale of capital assets) arising in or derived from Hong Kong
from such trade, profession or business. As at the date of this Annual Report, the standard profits tax rate for corporations is at 8.25%
on assessable profits up to HK$2,000,000 (approximately US$255,630) and 16.5% on any part of assessable profits over HK$2,000,000 (approximately
US$256,410). The IRO also contains provisions relating to, among others, permissible deductions for outgoings and expenses, set-offs for
losses and allowances for depreciations.

Employment

Employment Ordinance

The Employment Ordinance (Chapter 57 of the Laws of Hong Kong)
(the “EO”) provides for, among other things, the basic employment protection of wages to all employees to regulate
the general conditions of employment and for matters connected therewith.

The EO provides that (i) wages
shall become due on the expiry of the last day of the wage period and shall be paid as soon as is practicable but in any case not later
than seven days thereafter; (ii) wages