Company: KNRX
Filing Date: 2025-09-30
Form Type: 424B4
Source: 0001493152-25-016175
Chunk: 47

Company: KNOREX LTD.
Filing Date: 2025-09-30
Form: 424B4
Chunk 47
---
 behavioral issues as well as the enforcement framework under the Act. The Act prohibits anti-competitive agreements and abuse of dominant position. This Act expanded the definition of anti-competitive agreements and also increased the penalties for anti-competitive behavior and for furnishing false information.

Changes in the legal environment of Vietnam and inconsistency in Vietnam legal system may affect our business, financial condition and results of operations.

Our business operations in Vietnam are subject to the legal environment in Vietnam.

The legal system of Vietnam differs from most common law jurisdictions, in that it is a system in which decided legal cases have little precedential value. The laws and regulations are subject to broad and varying interpretations by government officials and courts. For vague regulations, the courts of Vietnam have the power to read implied terms into contracts, adding a further layer of uncertainty. As a result, government officials and courts often express different views from those of lawyers on the legality, validity, and effect of a particular legal document. In addition, the views of governmental authority received on a particular issue have no binding effect or finality, so there is no guarantee that similar issues will be dealt with in a similar way by other governmental authorities. Furthermore, recognition and/or enforcement of legal rights through Vietnam courts, arbitration centers and administrative agencies in the event of a dispute is uncertain. Conflicting interpretations between local regulators in different provinces and among different ministries may create confusion over key issues.

Although the Vietnamese government has made progress in the development of laws and regulations, there remain inherent uncertainties and inconsistencies in the interpretation, implementation and enforcement of laws and government policies. Any of such event may adversely affect us or our business, our business, financial condition, and results of operations could be adversely affected.

Declines or disruptions in the Indian economy in general could adversely affect our business and financial performance.

While the Indian economy has grown significantly in recent years, it has experienced economic slowdowns in the past. The Indian economy could be adversely impacted by inflationary pressures, any increase or volatility in oil prices, currency depreciation, the poor performance of its large agricultural and manufacturing sectors, trade deficits, recent initiatives by the Indian government towards demonetization of certain Indian currency and other factors. India also faces major challenges in sustaining its growth, which include the need for substantial infrastructure development and improving access to healthcare and education.

| 26 |

Core inflation, however, in many major economies continues to be sticky, prompting faster than-expected policy rate hikes by central banks. The recent collapses of a few banks in the US and Europe on the back of this tightening cycle