Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 71

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 4
Chunk 71
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 a scale specified in an order made in accordance with the MPFSO.

Employees’ Compensation Ordinance

The Employees’ Compensation
Ordinance (Chapter 282 of the Laws of Hong Kong) (the “ECO”) establishes a no-fault and non-contributory
employee compensation system for work injuries and lays down the rights and obligations of employers and employees respectively in respect
of injuries or death caused by accidents arising out of and in the course of employment, or by prescribed occupational diseases.

Under the ECO, if an employee
sustains an injury or dies as a result of an accident arising out of and in the course of his employment, his employer is generally liable
to pay compensation even if the employee might have committed acts of faults or negligence when the accident occurred. Similarly, an employee
who suffers incapacity arising from an occupational disease or dies from an occupational disease is entitled to receive the same compensation
as that payable to employees injured in occupational accidents.

Under the ECO, an employer
must notify the Commissioner for Labour of any work accident by submitting the prescribed form (within fourteen days after the accident
for general work accidents and within seven days after the accident for fatal accidents), irrespective of whether the accident gives
rise to any liability to pay compensation. If the happening of such accident was not brought to the notice of the employer or did not
otherwise come to his knowledge within such period of seven or fourteen days (as the case may be), then such notice shall be given
not later than seven days or, as may be appropriate, fourteen days after the happening of the accident was first brought to
the notice of the employer or otherwise came to his knowledge.

The ECO further provides that
all employers are required to take out insurance policies to cover their liabilities under the ECO and common law for injuries at workplace
for all of their employees. An employer failing to do so is liable on conviction upon indictment to a fine of HK$100,000 (approximately
US$12,781) and to imprisonment for two years, and on summary conviction to a fine of HK$100,000 (approximately US$12,781) and imprisonment
for one year.

Minimum Wage Ordinance

The prescribed minimum hourly
wage rate (currently set at HK$42.1 (approximately US$5.4) per hour) for every employee is govern by the Minimum Wage Ordinance (Chapter 608
of the Laws of Hong Kong) (the “MWO”). Section 15 of the MWO