Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 110

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 10
Chunk 110
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 action particular reasons
why making such a demand would be futile.

  Just and equitable winding up: In addition to the statutory remedies outlined above, shareholders can                                      

Indemnification of Directors
and Executive Officers and Limitation of Liability. BVI law does not limit the extent to which a company’s memorandum and
articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held
by the BVI courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing
a crime. Under our Memorandum and Articles of Association, we indemnify against all expenses, including legal fees, and against all judgments,
fines and amounts paid in settlement and reasonably incurred in connection with legal, administrative or investigative proceedings for
any person who:

  is or was a party or is threatened to be made a party to any threatened, pending or completed proceedings,                  

  is or was, at our request, serving as a director or officer of, or in any other capacity is or was acting  

These indemnities only apply
if the person acted honestly and in good faith with a view to our best interests and, in the case of criminal proceedings, the person
had no reasonable cause to believe that his conduct was unlawful. This standard of conduct is generally the same as permitted under the
Delaware General Corporation Law for a Delaware corporation.

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to our directors, officers or persons controlling us under the foregoing
provisions, we have been informed that in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities
Act and is therefore unenforceable.

Directors’ Fiduciary
Duties. Under Delaware corporate law, a director of a Delaware corporation has a fiduciary duty to the corporation and its shareholders.
This duty has two components: the duty of care and the duty of loyalty. The duty of care requires that a director act in good faith, with
the care that an ordinarily prudent person would exercise under similar circumstances. Under this duty, a director must inform himself
of, and disclose to shareholders, all material information reasonably available regarding a significant transaction. The duty of loyalty
requires that a director acts in a manner he reasonably believes to be in the best interests of the corporation. He must not use his corporate
position for personal gain or advantage. This duty prohibits self-dealing by a director