Company: KNRX
Filing Date: 2025-09-22
Form Type: F-1/A
Source: 0001493152-25-014499
Chunk: 221

Company: KNOREX LTD.
Filing Date: 2025-09-22
Form: F-1/A
Chunk 221
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:----|------------:|:--|:----|:----|------------:|:--|
|                                   |     | US$ |             |   |     | US$ |             |   |
| Office equipment                  |     | $   |     149,389 |   |     | $   |     160,025 |   |
| Furniture and fixtures            |     |     |      19,758 |   |     |     |      23,379 |   |
| Subtotal                          |     |     |     169,147 |   |     |     |     183,404 |   |
| Less: accumulated depreciation    |     |     |    (146,281 | ) |     |     |    (151,062 | ) |
| Total property and equipment, net |     | $   |      22,866 |   |     | $   |      32,342 |   |

Depreciation expense for the years ended December 31, 2024 and 2023 amounted to US$21,136 and US$14,121, respectively. For the years ended on December 31, 2024 and 2023, the company recognized a gain of $59 and $409, respectively, in relation to the disposal of office equipment at its carrying value. During 2024, Knorex MY fully wrote off its office equipment and furniture and fixtures that were fully depreciated.

| F-19 |

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, 2024 |   |     |     |        As 
        of 
  December 
  31, 2023 |   |
|:--------------------------------------|:-----|:---------------------------------------------------|:-----------|:----|---------:|:--|:----|:------------------------------|:------------|:----|---------:|:--|:----|:----|----------:|:--|
|                                       |      |                                                    |            |     |          |   |     |                               |             | US$ |          |   |     | US$ |           |   |
| United                                
 Overseas Bank Limited                 |      | Due                                                
 monthly