Company: KMRK
Filing Date: 2025-06-05
Form Type: F-1/A
Source: 0001213900-25-051459
Chunk: 118

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-06-05
Form: F-1/A
Chunk 118
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  8,088,311 |     | 89.84 |

For the years ended March 31, 2024 and 2023, we had the following suppliers that accounted for more than 10% of our cost of service:

|                                                                             |     | For the year ended March 31, 
                         2024 |     |       |     |       2023 |     |       |
|:----------------------------------------------------------------------------|:----|-----------------------------:|:----|------:|:----|-----------:|:----|------:|
|                                                                             |     |                   Amount US$ |     |     % |     | Amount US$ |     |     % |
| Major suppliers representing more than 10% of the Company’s cost of service |     |                              |     |       |     |            |     |       |
| Supplier A                                                                  |     |                   12,691,607 |     | 84.90 |     | 14,347,404 |     | 95.20 |
| Total                                                                       |     |                   12,691,607 |     | 84.90 |     | 14,347,404 |     | 95.20 |

Long term supply agreement On January1, 2025, we have entered into long term supply agreement with Fully Starise Limited (“Fully Starise”) which is an independent third party supplier to manufacture our products. Salient terms of the supply agreement are set out as below: —Fully Starise agreed to provide us with quality products and services in a timely manner and to adhere to the requirements of drawings or other technical or quality documents, confirmed by both parties; —Fully Starise shall ensure the product provided does not bring any negative effect on the Group’s sales activities and Fully Starise shall be liable for all compensations in case of any damage to the toy products due to its fault. —Intellectual property of product design, drawing, sample, standard or format design, etc., provided by the Group shall belong to the Group, and Fully Starise may not use it for purposes other than the production of our toy products. —Fully Starise shall not provide other companies with any toy product of the same type or brand as those provided to us. The supply agreement has an initial term of four years unless terminated by either party by serving written notice prior to the expiration of the initial term. CREDIT MANAGEMENT Credit terms to customers We assess the credit risk of new customers by conducting online searches, credit checks with industry peers,