Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 62

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 4
Chunk 62
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ks Related to Our Ordinary Shares. ”

At each general meeting, each
Class A shareholder who is present in person or by proxy (or, in the case of a shareholder being a corporation, by its duly authorized
representative) will have one (1) vote for each Class A Share which such shareholder holds and each Class B shareholder who is present
in person or by proxy (or, in the case of a shareholder being a corporation, by its duly authorized representative) will have ten (10)
votes for each Class B Share which such shareholder holds. There are no prohibitions to cumulative voting under the laws of the BVI, but
our Articles of Association do not provide for cumulative voting.

The following diagram illustrates
our corporate structure as of the date of this Annual Report:

Other information

The SEC maintains an Internet site that contains
reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC and state the
address of that site (http:// www. sec. gov). The Company maintains an internet address at https://www. k-mark. tech/

B. Business Overview

We are principally engaged
in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex
electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype
testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational
toys and learning kits.

Our Services

We started our operation in
2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned
brands and intellectual properties in toy products. We have strong capability in product innovation, design and project management which
allow us to provide product development solution to transform conceptual design into prototypes and further into commercialization of
toy products.

We have developed a nimble
and low-fixed cost business model whereby our products are mostly manufactured and supplied by Fully Starise which represents approximately
85% of our cost of goods sold. Fully Starise is an independent third party supplier that operates a factory in the PRC. We consider
Fully Starise a reliable partner and strong back up of production capability to us whereby we have entered into long term supply agreement
with Fully Starise to secure stable and quality supply of toy products. Meanwhile, we are also currently exploring Vietnam and/or other
Southeast Asian countries for potential locations for manufacturing operations. We plan to