Company: KMRK
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087627
Chunk: 75

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-09-15
Form: F-1
Chunk 75
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, our Controlling Shareholders hold
76.7% or more of our issued and outstanding Ordinary Shares or 91.9% of the total voting power if the underwriters do not exercise their
over-allotment option (or 75.7% of our issued and outstanding Shares or 91.5% of the total voting power if the underwriters exercise their
over-allotment option). As a result, these shareholders will be able to control the management and affairs of our Company and most matters
requiring shareholder approval, including the election of directors and approval of significant corporate transactions. The interests
of these shareholders may not be the same as or may even conflict with your interests. For example, these shareholders could attempt to
delay or prevent a change in control of us, even if such change in control would benefit our other shareholders, which could deprive our
shareholders of an opportunity to receive a premium for their Class A Shares as part of a sale of us or our assets, and might affect the
prevailing market price of our Class A Shares due to investors’ perceptions that conflicts of interest may exist or arise. As a
result, this concentration of ownership may not be in the best interests of our other shareholders.

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We are a “controlled company” within the meaning of the Nasdaq Listing Rules and, as a result, may rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies.

On December 2, 2024, Mr. Kwok
Yiu Fai, Mr. Kwok Yiu Keung and Mr. Kwok Yiu Wah entered into an Acting in Concert Agreement pursuant to which they undertake that following
the completion of our IPO, the controlling shareholders shall act in concert in relation to all matters that require the decisions of
the shareholders of the Company. As a result of the Acting in Concert Agreement, our Controlling Shareholders collectively control 91.9%
of the total voting power following the completion of our IPO. As a result of the Acting in Concert Agreement, our Controlling Shareholders
hold a majority of the voting power of KTech and upon the completion of our IPO, we become a “controlled company” as defined
under the Nasdaq Listing Rules. For so long as we remain a controlled company under that definition, we are permitted to elect to rely,
and may rely, on certain exemptions from corporate governance rules, including an exemption from the rule that a majority of our Board