Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 241

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 241
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 opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to Knorex Ltd. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Knorex Ltd. is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Kreit & Chiu CPA LLP

We have served as Knorex Ltd.’s auditor since 2022.

Los Angeles, California

June 20, 2024 except for Notes 1, 11, and 12 for which the date is September 30, 2024, Note 2 for which the date is October 25, 2024, and Note 17 for which the date is January 14, 2025.

| F-30 |

<div align='center'>KNOREX LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Stated in U.S. Dollars)</div>

| ASSETS                                                                         
 CURRENT ASSETS                                                                 |     | December 31, 
 2023         |             |   |     | December 31, 
 2022         |             |   |
|:-------------------------------------------------------------------------------|:----|:-------------|------------:|:--|:----|:-------------|------------:|:--|
| Cash and cash equivalents                                                      |     |