Company: KMRK
Filing Date: 2025-08-15
Form Type: 20-F
Source: 0001213900-25-077494
Chunk: 111

Company: K-TECH SOLUTIONS CO LTD
Filing Date: 2025-08-15
Form: 20-F
Item: Item 10
Chunk 111
---
 and mandates that the best interest of the corporation
and its shareholders take precedence over any interest possessed by a director, officer or controlling shareholder and not shared by the
shareholders generally. In general, actions of a director are presumed to have been made on an informed basis, in good faith and in the
honest belief that the action taken was in the best interests of the corporation. However, this presumption may be rebutted by evidence
of a breach of one of the fiduciary duties. Should such evidence be presented concerning a transaction by a director, the director must
prove the procedural fairness of the transaction, and that the transaction was of fair value to the corporation.

Under BVI law, our directors
owe the Company certain statutory and fiduciary duties including, among others, a duty to act honestly, in good faith, for a proper purpose,
and what the directors believe to be in the best interests of the Company. Our directors are also required, when exercising powers or
performing duties as a director, to exercise the care, diligence and skill that a reasonable director would exercise in comparable circumstances,
considering without limitation, the nature of the Company, the nature of the decision, the position of the director, and the nature of
the responsibilities undertaken. In the exercise of their powers, our directors must ensure neither they nor the Company acts in a manner
which contravenes the BCA or our Memorandum and Articles of Association, as amended and restated from time to time. A shareholder has
the right to seek damages for breaches of duties owed to the Company by our directors.

Shareholder Action by
Written Consent. Under the Delaware General Corporation Law, a corporation may eliminate the right of shareholders to act by written
consent by amendment to its certificate of incorporation. BVI law provides that shareholders may approve corporate matters by way of a
written resolution without a meeting signed by or on behalf of shareholders sufficient to constitute the requisite majority of shareholders
who would have been entitled to vote on such matter at a general meeting; provided that if the consent is less than unanimous, notice
must be given to all non-consenting shareholders. Our Memorandum and Articles of Association does permit shareholders to act by written
consent.

Shareholder Proposals. Under the Delaware General Corporation Law, a shareholder has the right to put any proposal before the annual meeting of shareholders,
provided it complies with the notice provisions in the governing documents. A special meeting may be called by the Board or any other
person authorized to