Company: KNRX
Filing Date: 2025-06-12
Form Type: F-1/A
Source: 0001641172-25-014801
Chunk: 133

Company: KNOREX LTD.
Filing Date: 2025-06-12
Form: F-1/A
Chunk 133
---
. Zhong Si Wan, who holds the investment and voting power on behalf of this entity.         |

As of the date of the prospectus,
we have a U.S. record holder holding our outstanding Class A Ordinary Shares. Mr. Wilson Chandra is a U.S. permanent resident
and currently holds 3,375 of our Class A Ordinary Shares and 30,575 Class B Ordinary Shares. We are not aware of any arrangement that
may, at a subsequent date, result in a change of control of our company.

Call Option Agreement

In connection with the purchase
by Raffles Venture (Direct) Pte. Limited (“Raffles Venture”) of the convertible notes issued by Knorex SG on March
11, 2016, Khar Heng Choo and Wei Keat Tan have agreed to grant Raffles Venture the right to purchase up a total of up to 9,870 ordinary
shares collectively from Khar Heng Choo and Wei Keat Tan, which right will expire on December 31, 2024. Pursuant to the call option agreement,
Raffles Venture has an option to purchase a total of up to 246,750 Class A Ordinary Shares collectively from Khar Heng Choo and Wei Keat
Tan prior to December 31, 2024. As of the date of this prospectus, no option was exercised by Raffles Venture in relation to the call
option agreement and the option has expired.

| 74 |

Significant Historical Changes to Our Shareholding

See “Description of Share Capital – History of Securities Issuances” for a description of the history of our share issuances and transfers.

<div align='center'>RELATED PARTY TRANSACTIONS</div>

Other receivables - related parties

| Name of Related Party |     | Relationship                                        |     | Nature           |     | As           
 of  December 
 31,          
 2024         |   |     | As of December 31, 
 2023               |        |
|:----------------------|:----|:----------------------------------------------------|:----|:-----------------|:----|:-------------|:--|:----|:-------------------|-------:|
|                       |     |                                                     |     |                  |     | US$          |   |     | US$                |        |
| Khar Heng Choo*       |     | Chairman and Chief Executive Officer of the Company |     | Employee advance |     | $            | - |     |