Company: KNRX
Filing Date: 2025-09-02
Form Type: F-1/A
Source: 0001493152-25-012564
Chunk: 123

Company: KNOREX LTD.
Filing Date: 2025-09-02
Form: F-1/A
Chunk 123
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 authority. In addition to a business premise license, a signboard license is also required.

Employment Act 1955

The Employment Act 1955 of Malaysia (the “Employment Act”) governs all employment matters such as working hours, minimum benefits, leaves, payment of salary, allowable deductions, termination and other minimum terms and conditions of employment in Malaysia. Previously, the Employment Act only applied to employees earning a monthly salary of MYR2,000 and below or manual laborers. Due to the recent Employment (Amendment) Act 2022, the Employment Act now extends to all employees regardless of salary. However, employees earning a monthly salary exceeding MYR4,000 are excluded from certain sections of the Employment Act. These include provisions like overtime payments and statutory entitlements to termination and lay-off benefits.

Employees Provident Fund Act 1991

The Employees Provident Fund Act 1991 of Malaysia establishes the Employees Provident Fund (“EPF”), a system of mandatory social security savings scheme (for employees’ retirement and management of the savings) funded by contributions from employers and employees alike, pursuant to which an employer is obliged to make EPF contributions for all employees who are Malaysia citizens or permanent residents who are employed in Malaysia by an employer, with limited exemptions.

Employees’ Social Security Act 1969

The Employees’ Social Security Act 1969 of Malaysia establishes the Social Security Organization (“SOCSO”), a system of mandatory social security savings scheme (for certain contingencies) funded by contributions from employers and employees alike, pursuant to which an employer is obliged to make SOCSO contributions for all employees who are Malaysia citizens or permanent residents who are employed in Malaysia by an employer, with limited exemptions.

Employment Insurance System Act 2017

The Employment Insurance System Act 2017 of Malaysia provides for the Employment Insurance System (“EIS”) administered by SOCSO to provide certain benefits and a re-employment placement program for insured persons in the event of loss of employment. EIS is paid for by both employers and employees alike, pursuant to which an employer is obliged to make EIS contributions for all employees who are Malaysia citizens or permanent residents who are employed in Malaysia by an employer, with limited exemptions.

Regulations on Safety and Health of Our Employees

The Occupational Safety and Health Act 1994 of Malaysia (the “OSHA”) provides provisions for securing the safety, health, and welfare of persons at work, for protecting others against risks to safety or health in connection with the activities of persons at work