Company: KNRX
Filing Date: 2025-03-05
Form Type: F-1/A
Source: 0001493152-25-009104
Chunk: 83

Company: KNOREX LTD.
Filing Date: 2025-03-05
Form: F-1/A
Chunk 83
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 |   853,052 |     |   |  16.9 |     |      |   782,061 |     |   |  14.5 |
| Total                               |     |                                   | 5,037,431 |     |   | 100.0 |     |      | 5,391,946 |     |   | 100.0 |

| 43 |

|                                     |     | Year ended December 31, |       2023 |     |   |       |     |     |      2022 |     |   |       |
|:------------------------------------|:----|:------------------------|-----------:|:----|:--|------:|:----|:----|----------:|:----|:--|------:|
|                                     |     | US$                     |            |     | % |       |     | US$ |           |     | % |       |
| Platform operations expenses        |     |                         |  3,598,134 |     |   |  32.2 |     |     | 3,139,735 |     |   |  38.1 |
| Sales and marketing expenses        |     |                         |  3,306,652 |     |   |  29.5 |     |     | 2,301,842 |     |   |  27.9 |
| Technology and development expenses |     |                         |  2,049,444 |     |   |  18.3 |     |     | 1,440,085 |     |   |  17.5 |
| General and administrative expenses |     |                         |  2,233,762 |     |   |  20.0 |     |     | 1,363,581 |     |   |  16.5 |
| Total                               |     |                         | 11,187,992 |     |   | 100.0 |     |     | 8,245,243 |     |   | 100.0 |

Platform operations expenses. Platform operations expenses primarily consist of expenses related to hosting our XPO platform, which include hosting costs, data-related costs, data, IT systems and privacy certifications and audits, and personnel costs of salaries and other compensation-related expenses attributable to personnel who support the platform and provide clients with platform support.

Sales and marketing expenses. Sales and marketing expenses consist primarily of personnel costs