Company: KNRX
Filing Date: 2025-01-15
Form Type: F-1/A
Source: 0001493152-25-002249
Chunk: 265

Company: KNOREX LTD.
Filing Date: 2025-01-15
Form: F-1/A
Chunk 265
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 |     | $   |      45,420 |   |

Depreciation expense for the years ended December 31, 2023 and 2022 amounted to US$14,121 and US$17,077, respectively.

Note 7 – Credit facilities

Long-term loans – bank

Outstanding balances on long-term bank loans consist of the following:

|                                           | Bank Name |                                                        | Maturities |     |                                    Interest Rate |   |     |                                                        | Collateral/ Guarantee |     |          As 
 of December 
    31, 2023 |   |     |     |          As 
 of December 
    31, 2022 |   |
|:------------------------------------------|:----------|:-------------------------------------------------------|:-----------|:----|-------------------------------------------------:|:--|:----|:-------------------------------------------------------|:----------------------|:----|------------:|:--|:----|:----|------------:|:--|
|                                           |           |                                                        |            |     |                                                  |   |     |                                                        |                       | US$ |             |   |     | US$ |             |   |
| United Overseas Bank Limited              |           | Due monthly beginning in June 2019                     
 to May 2022                                            |            |     |                                             5.0% 
 over SIBOR or 5.0% over COF, whichever is higher |   |     | First-lien creditor; Assignment of accounts receivable |                       |     |           - |   |     |     |           - |   |
| United Overseas Bank Limited              |           | Due monthly beginning in June 2022 to April 2026       |            |     |                                             3.00 | % |     | Guaranteed by the Company’s shareholders               |                       |     |     936,655 |   |     |     |   1,285,427 |   |
| The Development Bank of Singapore Limited |           | Due monthly beginning in September 2020 to August 2025 |            |     |                                             2.50 | % |     | Guaranteed by the Company’s shareholders               |                       |     |     197,203 |   |     |     |     307,482 |   |
| Total long-term loans – bank              |           |                                                        |            |     |                                                  |   |     |                                                        |                       |     |   1,133,858 |   |     |     |