Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 155

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 19
Chunk 155
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 Leasehold improvement                                                       486,057                  481,324  
  Office equipment                                                              2,743                    2,716  
  Furniture and fixtures                                                       44,354                   43,922  
  Computer and equipment                                                       16,289                   12,607  
  Motor vehicles                                                               41,301                   40,899  
                                                                              590,744                  581,468  
  Less: Accumulated depreciation and amortization                           ( 339,923                ( 220,803  
  Property, plant and equipment, net                                          250,821                  360,665  

Depreciation expenses for the
financial years ended March 31, 2024 and 2025 were approximately US$115,810and US$116,528, respectively.

F-16

K-TECH SOLUTIONS COMPANY LIMITED AND SUBSIDIARY

NOTE 8 - BANK BORROWINGS

                                                                       As of March 31,                                        
                                             Term of                   2025                                2024               
                                             repayments                                                                       
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                       US$                                 US$                
  SME instalment loan                        5 years         9.22                              23,919                113,677  
  SME instalment loan                        5 years         7.56                             414,490                507,751  
  SME instalment loan                        3 years         2.75                             600,784                      —  
  Bank borrowings – current and portion                                                     1,039,193                621,428  

                        As of March 31,                                        
                        2025                                2024               
 ───────────────────────────────────────────────────────────────────────────────
                        US$                                 US$                
  Representing:                                                                
  Within 12 months                             184,334                187,288  
  Over 1 year                                  854,859                434,140  
                                             1,039,193                621,428  

As of March 31, 2025,
bank borrowing as obtained from a financial institution in Hong Kong, which bear annual interest at a fixed rate from7.56% to9.22% and are repayable by monthly instalments from3years to5years. The Company’s bank borrowings are guaranteed
loans with other terms and conditions.

Interest related to the bank
borrowings was approximately US$35,673and US