Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 156

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 19
Chunk 156
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$60,541for the financial year ended March 31, 2024 and 2025, respectively.

NOTE 9 - ACCOUNTS PAYABLES, OTHER
PAYABLES AND CONTRACT LIABILITIES

                            As of March 31,                                          
                            2025                                2024                 
 ─────────────────────────────────────────────────────────────────────────────────────
                            US$                                 US$                  
  Accounts payable                               1,716,216                  987,666  
  Accrued expenses                                 168,170                    8,631  
  Contract liabilities                             430,735                  518,441  
                                                 2,315,121                1,514,738  

The Company records contract
liabilities from customers when cash payments are received or due in advance of performance.

NOTE 10 - AMOUNTS DUE FROM/(TO)
RELATED PARTIES

                                                                                                     As of March 31,                                            
  Name of related parties                Relationship                                                2025                                2024                   
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                     US$                                 US$                    
  K-Mark Industrial Limited              Related company with common directors and shareholders                           ( 503                    ( 1,220,097  
  Goldin Enterprise Limited              Related company with common directors and shareholders                           -                             12,583  
  Bright Forward Technology Limited      Related company with common directors and shareholders                           ( 446,519                ( 1,022,484  
  Remarkable Group Holdings Limited      Related company with common directors and shareholders                           -                           ( 82,907  
  Kwok Yiu Keung                         Director and shareholder of the Company                                          -                          ( 153,066  
                                                                                                                          ( 447,022                ( 2,465,971  

F-17

K-TECH SOLUTIONS COMPANY LIMITED AND SUBSIDIARY

NOTE 10 - AMOUNTS DUE FROM/(TO)
RELATED PARTIES(cont.)

                                        As of March 31,                                            
                                        2025                                2024                   
 ───────────────────────────────────────────────────────────────────────────────────────────────────
                                        US$                                 US$                    
  Representing:                                                                                    
  Amounts due from related parties                           -                             12,583  
  Amounts due to related parties                             ( 447,022                ( 2,478,554  
                                                             ( 447,022                ( 2,465,971