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

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 3
Chunk 15
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 or to our employees due to accidents, natural disasters, or similar events, our business
may be adversely affected, potentially leading to a loss of assets, lawsuits, employee compensation obligations, or other form of economic
loss. Although our Directors believe that we have sufficient insurance coverage in accordance with industry practices, and we will increase
our insurance coverage when necessary, there is no guarantee that our existing insurance coverage is sufficient to indemnify us from possible
losses or that we can be insured on terms which are acceptable to us. Our insurance policies also may not continue to be available at
economically acceptable premiums, or certain types of insurance may not be obtained at a reasonable cost, or at all. For example, insurance
covering losses from acts of war, terrorism, or natural catastrophes is either unavailable or cost prohibitive. Any losses that we may
incur which we are not insured against may adversely affect our business, financial condition and results of operations.

We are affected by the macroeconomic, political,
regulatory, social and other factors beyond our control mainly in Hong Kong.

Currently, we have our entire
operations in Hong Kong. We are affected by macroeconomic factors, such as general economic conditions, population growth, infrastructure
development, and market sentiment which are in part, influenced by government spending, infrastructure spending, unemployment rates, real
disposable income, inflation, recession, stock market performance, interest rate environment, regulatory policies, foreign investment,
gross domestic product growth, business sentiment and economic outlook, all of which are beyond our control. Moreover, political and social
stability, taxation, price and exchange control regulations, industry laws and regulations in Hong Kong. There is no assurance that
such conditions will not develop in a manner that will have an adverse effect for our operations and financial performance.

We are exposed to credit risks of our customers.

As at March 31, 2025 and
2024, our Group had accounts receivable of US$1,387,915 and US$1,224,980, respectively. We do not have access to all the information necessary
to form a comprehensive view on the creditworthiness. The complete financial and operational conditions of customers are not always
available to us, and we may not be in any position to obtain such information. As a result, if any of our major customers experiences
any financial difficulty and fail to settle the outstanding amounts due to us in accordance with the agreed credit terms, our working
capital position may be adversely affected.

Our