Company: KMRK
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001213900-25-000267
Chunk: 127

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-01-02
Form: DRS
Chunk 127
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 certain corporate governance standards required by the Nasdaq Capital Market for U.S. companies. The exemptions are subject to our disclosure of which requirements we are not following and the equivalent BVI requirements. Below are some of the exemptions afforded to foreign private issuers under the corporate governance requirements of the Nasdaq Capital Market: •Exemption from the requirement that we disclose within four business days of any determination to grant a waiver of the code of business conduct and ethics to directors and officers. •Exemption from the requirement that our Board be composed of independent directors. •Exemption from the requirement that our audit committee have a minimum of three members. •Exemption from the requirement that we hold annual shareholders’ meetings. •Exemption from the requirement that our Board have a remuneration committee composed entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities. •Exemption from the requirement that director nominees are selected, or recommended for selection by our Board, either by (i) independent directors constituting a majority of our Board’ independent directors in a vote in which only independent directors participate, or (ii) a committee comprised solely of independent directors and governed by a formal written charter or Board resolution, as applicable, addressing the nomination process as adopted. We intend to comply with all of the rules generally applicable to U.S. domestic companies listed on the Nasdaq Capital Market. We may in the future decide to use the foreign private issuer exemption with respect to some or all of the other Nasdaq Capital Market corporate governance rules. We also intend to comply with BVI corporate governance requirements under the BCA applicable to us at the same time if we rely on our home country corporate governance practices in lieu of certain of the rules of Nasdaq Capital Market, our shareholders may not have the same protections afforded to shareholders of companies that are subject to all of the corporate governance requirements of Nasdaq Capital Market. We may utilize these exemptions for as long as we continue to qualify as a foreign private issuer. In connection with this offering, we have adopted a code of business conduct and ethics, which is applicable to all of our directors, executive officers and employees and is publicly available. [The Code of Business Conduct and Ethics is currently available at our corporate website.] 79 Board of Directors Our Board will consist of five directors upon the SEC’s declaration of effectiveness of our registration statement on Form F -1, of which this prospectus is a part. A director who is, directly or indirectly, interested in a contract or transaction or proposed contract or transaction with our Company