Company: KMRK
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001213900-25-000267
Chunk: 90

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-01-02
Form: DRS
Chunk 90
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 by us, we expect to receive net proceeds of approximately $[*] (or approximately $[*] if the underwriters exercise their over -allotmentoption in full) from this offering, based on an assumed IPO price of $[*] per Class A Share, which is the price set forth on the cover page of this prospectus. The net proceeds from this offering must be remitted to Hong Kong before we will be able to use the funds to grow our business. We intend to use the net proceeds of this offering as follows, after we complete the remittance process: •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]. We believe the net proceeds and our current cash resources are sufficient to fund our use of proceeds allocations. As of the date of this prospectus, we have not identified any specific targets for potential investment and/or acquisition of factory. Although we plan to commence manufacturing operations, we cannot assure you that we will be able to materialize such plan and operations. The precise amounts and percentage of proceeds we devote to particular categories of activity, and their priority of use, will depend on prevailing market and business conditions as well as on the nature of particular opportunities that may arise from time to time. Accordingly, we reserve the right to change the use of proceeds that we presently anticipate and describe herein. The foregoing is set forth based on the order of priority of each purpose and represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of this offering. Our management, however, will have significant flexibility and discretion to apply the net proceeds of this offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of this offering differently than as described in this prospectus. To the extent the net proceeds we receive from this offering are not immediately used for the above purposes, we intend to invest our net proceeds in short -term, interest -bearingbank deposits or debt instruments. 48 DIVIDEND POLICY On March31, 2023, KMT paid a dividend of HK$1,500,000 (equivalent to approximately US$191,332) to the Controlling Shareholders. We may declare or pay additional dividends in the foreseeable future.