Company: KMRK
Filing Date: 2025-04-07
Form Type: DRS/A
Source: 0001213900-25-029283
Chunk: 129

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-04-07
Form: DRS/A
Chunk 129
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 and Mr.Matthew Kwok are family members, there are no family relationships among our directors and executive officers. Mr.Kwok Yiu Fai, Mr.Kenneth Kwok and Mr.Johnny Kwok are brothers and are our Controlling Shareholders. Ms. Candie Hui is the spouse of Mr.Kwok Yiu Fai, one of our Controlling Shareholders. Mr.Matthew Kwok is the son of Mr.Kenneth Kwok. Compensation of Directors and Executive Officers For so long as we qualify as a foreign private issuer, we are not required to comply with the proxy rules applicable to U.S. domestic companies, including the requirement applicable to emerging growth companies to disclose the compensation of our executive officers on an individual, rather than an aggregate basis. Our compensation committee approves our salaries and benefit policies. They determine the compensation to be paid to our executive officers based on our financial and operating performance and prospects, and contributions made by the officers to our success. Each of the named officers will be measured by a series of performance criteria by the Board of directors, or the compensation committee on a yearly basis. Such criteria will be set forth based on certain objective parameters such as job characteristics, required professionalism, management skills, interpersonal skills, related experience, personal performance and overall corporate performance. Our Board of directors has not adopted or established a formal policy or procedure for determining the amount of compensation paid to our executive officers. The Board of directors will make an independent evaluation of appropriate compensation to key employees, with input from management. The Board of directors has oversight of executive compensation plans, policies and programs. 86 For the six months ended September30, 2024 and 2023, we paid an aggregate compensation of US$77,489 and US$77,226, respectively, in cash (including salaries, bonus and mandatory provident fund contributions) to our executive officers and directors. For the years ended March 31, 2024 and 2023, we paid an aggregate compensation of US$222,347 and US$218,067, respectively, in cash (including salaries, bonus and mandatory provident fund contributions) to our executive officers and directors. Our Hong Kong subsidiary is required by law to make contributions equal to certain percentages of each employee’s salary for his or her mandatory provident fund. We have also not made any agreements with our directors or executive officers to provide benefits upon termination of employment. Corporate Governance Practices Foreign Private Issuer After the consummation of this offering, we will