Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 149

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 19
Chunk 149
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 provides guidance on the recognition of income
tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties
associated with tax positions, and related disclosures.

The Company believes there
were no uncertain tax positions at March 31, 2024 and 2025, respectively. The Company does not expect that its assessment regarding
unrecognized tax positions will materially change over the next 12 months. The Company is not currently under examination by an income
tax authority, nor has been notified that an examination is contemplated.

Comprehensive Income

Comprehensive income is defined
as the change in equity during the year from transactions and other events, excluding the changes resulting from investments by owners
and distributions to owners, and is not included in the computation of income tax expense or benefit.

Earnings Per Share

Basic earnings per share is
computed by dividing net earnings attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding
during the year. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue
ordinary shares were exercised or converted into ordinary shares.

Segment Reporting

ASC 280, Segment Reporting,
establishes standards for companies to report in their financial statements information about operating segments, products, services,
geographic areas, and major customers.

The Company’s chief operating
decision maker is the Chief Executive Officer, who reviews the financial information of each separate operating segment when making decisions
about allocating resources and assessing the performance of the segment. Based on this evaluation, the Company has determined that it
operates as a single reportable segment.

In accordance with ASC 280-10-50-21a,
Note 3 presents revenues from external customers by product and geographical location.

As the Company operates as
a single segment, no additional segment disclosures are provided.

F-12

K-TECH SOLUTIONS COMPANY LIMITED AND SUBSIDIARY

NOTE 2 - SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES(cont.)

Foreign currency risk

The Company has minimal exposure
to foreign currency risk as most of its transactions, assets and liabilities are principally denominated the functional currency of the
entity to which they are related. The Company currently does not have a foreign currency hedging policy in respect of foreign currency
transactions, assets and liabilities. The Company will monitor its foreign currency exposure closely and will consider hedging significant
foreign currency exposure should the need arise.

Interest Rate Risk

The Company is exposed to interest
rate risk primarily relates to the