Company: KMRK
Filing Date: 2025-05-19
Form Type: F-1
Source: 0001213900-25-045262
Chunk: 118

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-05-19
Form: F-1
Chunk 118
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 are in, please see the section headed ‘‘Industry’’.

74

Employees We had15, 14 and 20 employees of the Company, all based in Hong Kong as at March 31, 2024, 2023 and 2022, respectively. Below is a breakdown of our employees by functions as at September30, 2024:

|                                           |     |         As at 
 September 30, 
          2024 |
|:------------------------------------------|:----|--------------:|
| Management                                |     |             2 |
| Design and engineering                    |     |             6 |
| Production management and quality control |     |             1 |
| Sales and marketing                       |     |             4 |
| Administration                            |     |             6 |
| Total                                     |     |            19 |

PRICING POLICY AND PROJECT PROCUREMENT As most of our service contracts are project based and involve different types of specifications and level of complexity, the service fees vary and will be determined between our customers and us on a case -by -casebasis. Generally, we receive enquiry from customer together with information on product specification given to us. We study the information pack and then have meetings with customer to clarify on design and production matters. With sufficient information, we carry out a careful budgeting to estimate the unit cost of the product. In general, our service fee is charged on a cost -plusbasis, which factors in the design cost, production cost, inspection cost and testing charges, which are in turn affected by the complexity and scale of the project, manpower required, expected timeline, cost of sourcing the relevant hardware and/or software as well as subcontracting cost (if needed) and level of competition.In addition, we also take into account our relationship with the customer, the business scale and reputation of the customer, likelihood of any future business engagement with the customer and the profitability of other previous/anticipated projects involving such customer. For certain customers such as large or well -knowncorporations or customers who had a long -termbusiness relationship with our Group or contributed a significant proportion of revenue to us in the past, we may offer comparatively low prices or special discounts to them for certain projects occasionally in order to maintain long -termbusiness co -operationswith them and encourage their continuous engagement of our Group. This is also one of our strategies to attract new customers to further expand our business as well as retaining existing major customers. Nevertheless, we would also strive to maintain an optimal balance between competitive pricing and