Company: KMRK
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087627
Chunk: 69

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-09-15
Form: F-1
Chunk 69
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 BVI. The common law of the BVI is derived in part from
comparatively limited judicial precedent in the BVI as well as from the English common law, which has persuasive, but not binding authority,
on a court in the BVI. The rights of our shareholders and the fiduciary duties of our directors under the BVI laws may not be as
clearly established as they would be under statutes or judicial precedent in some jurisdictions in the U.S. In particular, the BVI
has a less developed body of securities laws than the U.S. In addition, BVI companies may not have standing to initiate a shareholder
derivative action in a federal court of the U.S.

Shareholders of
a BVI business company like us could, however, bring a derivative action in the BVI courts, and there is a clear statutory right to commence
such derivative claims under Section 184C of the BCA. The circumstances in which any such action may be brought, and the procedures
and defenses that may be available in respect to any such action, may result in the rights of shareholders of a BVI business company being
more limited than those of shareholders of a company organized in the U.S. Accordingly, shareholders may have fewer alternatives
available to them if they believe that corporate wrongdoing has occurred. The BVI courts are also unlikely to recognize or enforce against
us judgments of courts in the U.S. based on certain liability provisions of U.S. securities law; and to impose liabilities
against us, in original actions brought in the BVI, based on certain liability provisions of U.S. securities laws that are penal
in nature. There is no statutory recognition in the BVI of judgments obtained in the U.S., although the courts of the BVI will generally
recognize and enforce the non-penal judgment of a foreign court of competent jurisdiction without retrial on the merits. The BCA offers
some limited protection of minority shareholders. The principal protection under statutory law is that shareholders may apply to the BVI
court for an order directing the company or its director(s) to comply with, or restraining the company or a director from engaging
in conduct that contravenes the BCA. Under the BCA, the minority shareholders have a statutory right to bring a derivative action
in the name of and on behalf of the company in circumstances where a company has a cause of action against its directors. This remedy
is available at the discretion of the BVI court. A shareholder may also