Company: KNRX
Filing Date: 2025-06-12
Form Type: F-1/A
Source: 0001641172-25-014801
Chunk: 44

Company: KNOREX LTD.
Filing Date: 2025-06-12
Form: F-1/A
Chunk 44
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The estimates of market opportunity and forecasts of market growth included in this prospectus may prove to be inaccurate, and even if the markets in which we compete achieve the forecasted growth, our business may not grow at similar rates, or at all.

Market opportunity estimates
and growth forecasts included in this prospectus are subject to significant uncertainty and are based on assumptions and estimates which
may not prove to be accurate. The estimates and forecasts included in this prospectus relating to size and expected growth of our target
market may prove to be inaccurate. Even if the markets in which we compete meet the size estimates and growth forecasts included in this
prospectus, our business may not grow at similar rates, or at all. Our growth is subject to many factors, including our success in implementing
our business strategy, which is subject to many risks and uncertainties.

Risks Relating to Doing Business in the Jurisdictions Where We Operate

We are exposed to risks arising from fluctuations of foreign currency exchange rates.

We operate in multiple jurisdictions,
which exposes us to the effects of fluctuations in currency exchange rates. We earn revenue and make payments denominated mainly in U.S.
dollars, and in Asia Pacific countries’ local currencies such as Singapore dollars, Malaysian ringgit, Indian rupees, Vietnamese
dong, among other currencies. Fluctuations in the exchange rates between the various currencies that we use could result in expenses
being higher and revenue being lower than would be the case if exchange rates were stable. We cannot assure you that movements in foreign
currency exchange rates will not have a material adverse effect on our results of operations in future periods. We do not generally enter
into hedging contracts to limit our exposure to fluctuations in the value of the currencies that our businesses use.

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Changes in taxation rates, audit regulations, investigations and tax proceedings could have a material adverse effect on our financial condition and results of operations.

We are subject to direct and indirect taxes in mainly the U.S., Singapore, Vietnam, India, and Malaysia for the operating and holding companies. We endeavor to be fully compliant with and provide for all known taxes in each tax jurisdiction in which we operate and have presence. The level of provision for tax is subject to our interpretation of applicable tax laws in the jurisdictions in which we file. We will seek to run the Company in the manner that the Group remains tax resident in Singapore. We have taken and will continue to take tax positions based on our interpretation of tax laws, but tax accounting often involves complex matters and judgment