Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 187

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 187
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 December 31, 2024, we had 199 employees, including 75 engineers in the research and development team and 87 employees in sales and marketing team. We don’t have temporary employees. Our employees are mainly based in Taiwan, and we have 12 employees overseas, including in the United States, Japan, and Hong Kong. We are subject to, and comply with, local labor law requirements based on the locations of the employees. Almost all of our employees are represented by labor unions or covered by collective bargaining agreements. We consider our employee relations to be good and we have not experienced any work stoppages. 126

Our Corporate Structure and History

Darren Wang, a serial entrepreneur and blockchain industry angel investor, founded the OwlTing Group in 2010. We are a blockchain technology
company headquartered in Taipei, Taiwan and have subsidiaries in the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand. We were incorporated under our holding company, OBOOK Holdings Inc., under the laws of the Cayman Islands in
April 2011. We believe developing and managing our diverse business operations by business segments and groups enables us to formulate more effective business strategies and operating guidelines that fit the needs of the group. The following diagram
illustrates our corporate structure, including our subsidiaries, as of the date of this prospectus:

127

We are continuously developing and deploying easy access to blockchain solutions for
industries that have a need for cost-effective resilience and transparency across the globe. OwlTing Market was the first business line we developed. It continues to serve as a platform dedicated to enabling Taiwanese local businesses and
farmers to reach out directly to end consumers. We offer consumers diverse and high-quality products through OwlTing Market’s stable business relationships with small- and medium-sized farmers and businesses in Taiwan.

We expanded our footprint into the hospitality sector in 2018 by introducing OwlNest, a powerful and easy-to-use hotel PMS leveraging blockchain technology, which now connects more than 2,500 hospitality providers with their customers. We also launched the OTA platforms OwlJourney and OwlTing Experiences to provide various types of properties and tours for travelers. Additionally, we launched the platform offline services to offer accommodations under our own brand OwlStay.

In 2023, we launched OwlPay, a payment platform specifically developed to simplify backend financial operations in connection with
cross-border transactions.

In May 2023, we further enhanced our payments offerings by acquiring PayNow, a prominent Taiwanese payment
gateway