Company: KMRK
Filing Date: 2025-03-25
Form Type: DRS/A
Source: 0001013762-25-001825
Chunk: 18

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-03-25
Form: DRS/A
Chunk 18
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ateand re -classifyits existing authorized ordinary shares. Prior to the re -classificationexercise, the Company is authorized to issue a maximum of 500,000,000 ordinary shares of a single class with a par value of USD0.0001 each. Subsequent to the re -classificationexercise, the Company’s authorized shares was 500,000,000 ordinary shares with a par value of US$0.0001 each comprising (a) [*] Class A Shares with a par value of US$0.0001 each; and (b) [*] Class B Shares with a par value US$0.0001 each. On [*], the Company had [15,000,000] Class A Shares and [4,500,000] Class B Ordinary Shares, issued and outstanding, respectively. Holders of Class A Shares and Class B Shares vote together as one class on all matters submitted to a vote by the shareholders at any general meeting of the Company and have the same rights except each Class A Share is entitled to one (1) vote and each Class B Share is entitled to ten (10) votes. All such Class B Ordinary Shares are held by our Controlling Shareholders. For a description of the reorganization primarily to facilitate our IPO in the U.S, see “ Corporate History and Structure — Reorganization.” Immediately following this offering and the sale of our Shares by the Selling Shareholders pursuant to the Resale Prospectus, our Controlling Shareholders will hold [76.4]% of our outstanding Shares or [91.8]% of the total voting power of the Company, assuming [*] Shares are issued in the offering and no exercise of the overallotment option (or [*]% of our outstanding Shares or [*]% of the total voting power if the underwriters exercise their over -allotmentoption). As a result of the Acting in Concert Agreement, our Controlling Shareholders hold a majority of the voting power of KTech and we will be a controlled company under the Nasdaq Capital Market corporate governance rules. For more details, see “ Corporate History and Structure.” 3 Transfers of Cash to and from Our Subsidiary On March31, 2023, KMT paid a dividend of HK$1,500,000 (equivalent to approximately US$191,352) to the Controlling Shareholder. We may declare or pay dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our board of directors (the “Board