Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 80

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 5
Chunk 80
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 million in 2025, compared with US$4,921 in 2024 primarily owing to IPO related external audit fees. General and administrative
expenses decreased primarily due to payroll expenses decreasing by approximately 6.7% or US$47,000, to approximately US$0.66 million in
2024, compared with approximately US$0.71 million in 2023.

Other income, net

                            For the year ended                                                           
                            March 31,                                                                    
                            2025                                2024                   2023              
                            US$                                 US$                    US$               
  Government subsidies                              -                           -                40,817  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────
  Exchange gain (loss)                              -                     189,731                24,892  
  Interest income                                   91,214                 66,403                 1,586  
                                                    91,214                256,134                67,295  

Our
other income is primarily represented by interest income and exchange gain (loss). Other income decreased by US$164,893, from US$256,134
for the year ended March 31, 2024 to US$91,214 for the year ended March 31, 2025, primarily due to decrease exchange difference during
the year ended March 31, 2025. Other income increased by US$188,839, from US$67,295 for the year ended March 31, 2023 to US$256,134 for
the year ended March 31, 2024, primarily due to increase exchange difference during the year ended March 31, 2024.

The Government grants represented
the anti-epidemic funds received from the Hong Kong government under the Employment Support Scheme granted to companies in the toys industry
in 2023 and absence of government grants during the year ended March 31, 2023.

Income Tax Expense

We are not subject to any
income tax in the BVI pursuant to the rules and regulations in the BVI, but our subsidiaries are subject to Hong Kong profits tax. Our
income tax expense was US$52,755 for the year ended March 31, 2025, decreasing from US$144,647 for the year ended March 31, 2024, due
to the lower pre-tax profit base in 2024 and US$144,647 for the year ended March 31, 2024