Company: KMRK
Filing Date: 2025-04-07
Form Type: DRS/A
Source: 0001213900-25-029283
Chunk: 192

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-04-07
Form: DRS/A
Chunk 192
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, the Company declared a dividend of US$191,332 to the shareholders of the Company, Kwok Yiu Keung and Kwok Yiu Fai, who are also the directors of the Company, by offsetting through the balances with Kwok Yiu Keung of US$95,666 and Kwok Yiu Fai of US$95,666 respectively; •On March31, 2023, the Company entered into an offsetting agreement with Kwok Yiu Keung and Kwok Yiu Fai, both the directors of the Company, pursuant to which the amount due from Kwok Yiu Fai of US$110,612 was offset against the amount due to Kwok Yiu Keung of US$110,612; •On March31, 2023, the Company entered into a transfer agreement with River Star Investment Limited and K -MarkIndustrial Limited, both related companies of the Company, pursuant to which the amount due from River Star Investment Limited of US$1,367,829 was transferred to amount due from K -MarkIndustrial Limited of US$1,367,829; and •On March31, 2023, the Company entered into an offsetting agreement with K -MarkIndustrial Limited and a supplier of the Company, pursuant to which the amount due from K -MarkIndustrial Limited of US$1,273,093 was offset against the trade payables of US$1,273,093. During the year ended March 31, 2024, the Company had the following major non -cashtransactions: •On March31, 2024, the Company entered into a transfer agreement with Kwok Yiu Keung, Kwok Yiu Fai and K -MarkIndustrial Limited, pursuant to which the amount due from River Star Investment Limited of US$1,367,829 was transferred to amount due from K -MarkIndustrial Limited of US$1,367,829; and •On March31, 2024, the Company entered into an offsetting agreement with K -MarkIndustrial Limited and a supplier of the Company, pursuant to which the amount due from K -MarkIndustrial Limited of US$2,752,680 was offset against the trade payables of US$2,752,680. NOTE 22 — COMMITMENTS AND CONTINGENCIES As of March 31, 2024 and 2023, the Company has no material commitments or contingencies. NOTE 23 — SUBSEQUENT EVENTS In accordance with ASC topic 855, Sub