Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 39

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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holders
(the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved two proposals to amend the
Company’s Amended and Restated Certificate of Incorporation, as amended (the “Charter”). The stockholders approved
a proposal to amend the Charter to allow the Company to extend the date by which the Company must consummate a business combination from
November 14, 2024 to February 14, 2025 (the “Extension Amendment Proposal”). The stockholders also approved
a proposal to amend the Charter to remove the net tangible asset requirement in order to expand the methods that the Company may employ
so as not to become subject to the “penny stock” rules of the U.S. Securities and Exchange Commission (the “NTA
Requirement Amendment Proposal”). The Certificate of Amendment to the Charter (the “Charter Amendment”)
was filed with the Delaware Secretary of State and has an effective date of November 12, 2024. The foregoing description of the Charter
Amendment is qualified in its entirety by the full text of the Charter Amendment, a copy of which is filed as Exhibit 3.1 to Form 8-K
dated November 12, 2024 hereto.

As
of the close of business on October 17, 2024, the record date for the Annual Meeting, there were 4,041,221 shares of the Company’s
common stock, par value $0.0001 per share (“Common Stock”), issued and outstanding, each of which was entitled to
one vote with respect to each of the proposals presented at the Annual Meeting. A total of 2,878,990 shares of Common Stock, representing
approximately 71.24% of the outstanding shares of Common Stock entitled to vote at the Annual Meeting, were present in person or by proxy,
constituting a quorum.

Both
the Extension Amendment Proposal and the NTA Requirement Amendment were approved by the shareholders.

Additionally,
the stockholders duly elected each of the five (5) then existing directors (Kuk Hyoun Hwang, Jun Chul Whang, Jin Whan Park, Phil
Geon Lee and Sang Hyun Kim) to the Company’s Board of Directors until the next annual meeting of stockholders following this annual
meeting or until each such director’s successor is elected and qualified, subject to his earlier death, resignation or removal.

In
connection with the votes to approve the Extension Amendment Proposal and NTA Requirement Amendment Proposal, 1,