Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 13

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 3
Chunk 13
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 comparable knowledge, skills and qualifications in a prompt
and timely manner or at all, which may significantly disrupt our operations and adversely affect our financial results and business prospects.

Our Group is reliant on our
professional team of toy product designers and engineers for product development and project managers to manage the production process
and quality control. The ability of our Group to retain such core professional team members is crucial to our Group’s continual
business operation and income generation. Although we have good working relationships among our staff, there is no guarantee that such
working relationships will be maintained in the future. Any failure to recruit and retain the necessary personnel in a timely manner could
hinder our business and prospects.

We depend on third-party providers and suppliers
for raw materials, components and finished products. Any failure or interruption in products or services provided by these third parties
could harm our ability to operate our business.

We would designate suppliers
of raw materials and components to Full Starise for the production of finished products in order to ensure that product safety and quality
are up to our standards and the finished products adhere to our original design. As a result, our ability to deliver quality products
to customers depends on third parties providing us with timely and reliable raw materials and Full Starise subsequently providing us with
timely and reliable finished products at acceptable prices. Any delays, malfunctions, inefficiencies or interruptions in these products
or services could adversely affect the quality and performance of our projects and require considerable expense to recall and replace
our products, which could harm our brand, reputation or growth. In addition, if we are unable to avail ourselves of warranties and other
contractual protections with providers of products and services, we may incur additional costs related to the affected products and services,
which could adversely affect our business, operating results, or financial condition.

We have a customer concentration, with a limited
number of customers accounting for a significant portion of our total revenue. If we are unable to retain a broad group of existing customers,
lose one or more significant customers, or fail to attract new customers, our results of operations could suffer.

For the years ended March 31,
2025 and 2024, revenue from top five customers of our Group accounted for approximately 80.61% and 76.4% of our Group’s total revenue.
Increasing the growth and profitability of our business is particularly dependent upon our ability to retain existing customers and capture
additional customers. Our ability to do so is dependent upon our ability to provide high quality products and offer competitive prices