Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 644

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 644
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 Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. Shinhan Accounting Corporation We have served as the Company’s auditor since 2023. Seoul, Korea September 23, 2024

F-88 OSR Holdings Co., Ltd.
and its subsidiaries Consolidated financial statements
for the years ended December 31, 2023 and 2022 “The accompanying consolidated financial statements, including all footnotes and disclosures, have been prepared by, and are the responsibility of, the Group.” Kim, Sang-Hoon Chief Executive Officer OSR Holdings Co., Ltd. F-89

(Korean won in unit)

|                                                         |     |   Notes |     |       December 31, 
               2023 |   |     |       December 31, 
               2022 |
|:--------------------------------------------------------|:----|--------:|:----|-------------------:|:--|:----|-------------------:|
| Assets                                                  |     |         |     |                    |   |     |                    |
| Non-current assets                                      |     |         |     |                    |   |     |                    |
| Equipment and vehicles                                  |     |      13 |     |   ₩     22,726,614 |   |     |   ₩     26,507,938 |
| Right-of-use assets                                     |     |      15 |     |        177,793,886 |   |     |        376,071,390 |
| Intangible assets                                       |     |      14 |     |    278,365,579,988 |   |     |    146,143,056,589 |
| Non-current other financial assets                      |     |    6,10 |     |        483,286,651 |   |     |        349,347,363 |
| Deferred tax assets                                     |     |      28 |     |