Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 93

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 6
Chunk 93
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Board of directors will make an independent evaluation of appropriate compensation to key employees, with input from management. The Board
of directors has oversight of executive compensation plans, policies and programs.

For the years ended March 31,
2025 and 2024, we paid an aggregate compensation of US$186,113 and US$222,347, respectively, in cash (including salaries, bonus and mandatory
provident fund contributions) to our executive officers and directors. Our Hong Kong subsidiary is required by law to make contributions
equal to certain percentages of each employee’s salary for his or her mandatory provident fund. We have also not made any agreements
with our directors or executive officers to provide benefits upon termination of employment.

Equity Incentive Plan

The Company has not adopted any equity incentive
plan.

C. Board Practices

Board of Directors

Our Board consists of seven
directors. A director who is, directly or indirectly, interested in a contract or transaction or proposed contract or transaction with
our Company shall declare the nature of his or her interest at a meeting of our directors. A director may vote in respect of any contract
or transaction or proposed contract or transaction notwithstanding that he or she may be interested in it and if he or she does so his
or her vote shall be counted and he or she may be counted in the quorum at any meeting of our directors at which any such contract or
transaction is considered. Our directors may exercise all the powers of our Company to issue debentures, debenture stock, bonds, and other
securities, whether outright or as collateral security for any debt, liability or obligation of our Company or of any third party.

Committees of the Board of Directors

A company of which more than
50% of the voting power held by a single entity is considered a “controlled company” under the Nasdaq Capital Market Company
Guide. A controlled company is not required to comply with the Nasdaq Capital Market corporate governance rules requiring a Board to have
a majority of independent directors to have independent audit, compensation, and nominating and corporate governance committees. After
the IPO, we became a “controlled company” as defined under the Nasdaq Capital Market corporate governance rules.

We have established three committees:
an audit committee, a compensation committee, and a nominating and corporate governance committee. We have adopted a charter for each
of the three committees, which charters will be effective upon listing on the Nasdaq Capital Market. Each committee’s members and
functions are