Company: KMRK
Filing Date: 2025-09-24
Form Type: 424B3
Source: 0001213900-25-091102
Chunk: 27

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-09-24
Form: 424B3
Chunk 27
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| ● | our  business is administered principally in 
 the U.S.                                     |

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Both foreign private issuers and emerging growth companies are also exempt from certain of the more extensive SEC executive compensation disclosure rules. Therefore, if we no longer qualify as an emerging growth company but remain a foreign private issuer, we will continue to be exempt from such rules and will continue to be permitted to follow our home country practice as to the disclosure of such matters. Implication of Being a Controlled Company Controlled companies are exempt from the majority of independent director requirements. Controlled companies are subject to an exemption from Nasdaq standards requiring that the Board of a listed company consist of a majority of independent directors within one year of the listing date. Public Companies that qualify as a “Controlled Company” with securities listed on the Nasdaq Stock Market (Nasdaq), must comply with the exchange’s continued listing standards to maintain their listings. Nasdaq has adopted qualitative listing standards. Companies that do not comply with these corporate governance requirements may lose their listing status. Under the Nasdaq rules, a “controlled company” is a company with more than 50% of its voting power held by a single person, entity or group. Under Nasdaq rules, a controlled company is exempt from certain corporate governance requirements including:

| ● | the requirement that a majority of the Board of directors consist of independent directors; |

| ● | the requirement that a listed company have a nominating and governance committee that is composed                 
 entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities; |

| ● | the requirement that a listed company have a compensation committee that is composed entirely of          
 independent directors with a written charter addressing the committee’s purpose and responsibilities; and |

| ● | the requirement for an annual performance evaluation of the nominating and governance committee and 
 compensation committee.                                                                             |

Controlled companies must still comply with the exchange’s other corporate governance standards. These include having an audit committee and the special meetings of independent or non-management directors. The outstanding shares of the Company consisted of 21,100,000 Ordinary Shares which consist of 16,600,000 Class A Shares and 4,500,000 Class B Shares, assuming the underwriter does not exercise its overallotment option to purchase additional Class A Shares. On December 2, 2024, Mr. Kwok Yiu Fai, Mr. Kwok Yiu Keung and Mr. Kwok Yiu Wah entered into an Acting in Concert Agreement