Company: KNRX
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001493152-25-012564
Chunk: 229

Company: KNOREX LTD.
Filing Date: 2025-09-02
Form: F-1/A
Chunk 229
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 relevant Singapore tax laws. The applicable tax rate is 17% in Singapore, with 75% of the first US$7,415 (S$10,000) taxable income and 50% of the next US$140,887 (S$190,000) taxable income are exempted from income tax.

Vietnam

The Company’s subsidiary operating in Vietnam is subject to the Vietnam Income Tax at a standard income tax rate of 20%.

Other Countries

The Company’s other subsidiaries with operations in other countries (Malaysia, Thailand, Australia, India, and China) are insignificant to its operations for the years ended December 31, 2024 and 2023.

The United States and foreign components of loss before income taxes were comprised of the following:

|                                |     | For            
 the Year       
 Ended December 
 31, 2024       |            |   |     | For            
 the Year       
 Ended December 
 31, 2023       |            |   |
|:-------------------------------|:----|:---------------|:-----------|:--|:----|:---------------|:-----------|:--|
|                                |     | US$            |            |   |     | US$            |            |   |
| U.S.                           |     | $              | (1,741,678 | ) |     | $              | (3,843,380 | ) |
| Singapore                      |     |                | (2,891,774 | ) |     |                | (3,007,173 | ) |
| Vietnam                        |     |                | (745,108   | ) |     |                | (657,356   | ) |
| Other Countries                |     |                | (446,828   | ) |     |                | (423,624   | ) |
| Total loss before income taxes |     | $              | (5,825,388 | ) |     | $              | (7,931,533 | ) |

The provision for income taxes consisted of the following:

|                            |     |     |            For 
       the Year 
 Ended December 
       31, 2024 |     |     |            For 
       the Year 
 Ended December 
       31, 2023 |
|:---------------------------|:----|:----|---------------:|:----|:----|---------------:|
|                            |     | US$ |                |     | US$ |                |
| Current                    |