Company: KNRX
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001493152-25-012564
Chunk: 91

Company: KNOREX LTD.
Filing Date: 2025-09-02
Form: F-1/A
Chunk 91
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3.

| 48 |

Operating expenses.Our total operating expenses decreased by 10.3% from US$11.2 million for the year ended December 31, 2023 to US$10.0 million for the year ended December 31, 2024, primarily due to the decrease of US$0.8 million in platform operations expenses, the decrease of US$0.3 million in sales and marketing expenses and the decrease of approximately US$0.5 million in general and administrative expenses, offset by the increase of approximately US$0.6 million in technology and development expenses as we optimize our spending.

| ● | Platform                                                                                                                             
 operations expenses. Our platform operations expenses decreased by 23.3% from US$3.6 million for the year ended December 31,         
 2023 to US$2.8 million for the year ended December 31, 2024, primarily due to the decrease in infrastructure costs of US$0.5 million 
 as a result of implementing our cost optimization plan. Our platform operation expenses as a percentage of our revenue were 25.5%    
 for the year ended December 31, 2024, as compared with 41.2% for the year ended December 31, 2023.                                   |

| ● | Sales                                                                                                                                 
 and marketing expenses. Our selling expenses decreased by 9.9% from US$3.3 million for the year ended December 31, 2023 to            
 US$3.0 million for the year ended December 31, 2024, primarily due to the decrease in our staff commission and insurance with our     
 sale and marketing personnel of approximately US$0.3 million as we cultivate a hybrid team of in-house and external partners for      
 sales and marketing activities. Our sales and marketing expenses as a percentage of our revenue was 27.5% for the year ended December 
 31, 2024, as compared with 37.9% for the year ended December 31, 2023.                                                                |

| ● | Technology                                                                                                                                 
 and development expenses. Our technology and development expenses increased by 27.3% from US$2.0 million for the year ended                
 December 31, 2023 to US$2.6 million for the year ended December 31, 2024. This reduction was primarily due to the increase in amortization 
 expenses of capitalized software development costs of approximately US$0.2 million as we continue to increase our technology and