Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 323

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 323
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|--------:|:--|:----|:-----|--------:|:--|
| Increase of 5% in risk-adjusted discount rate |     | $    |  43,322 |   |     |      |  61,060 |   |
| Decrease of 5% in risk-adjusted discount rate |     |      | (46,586 | ) |     |      | (67,722 | ) |

| (v) | Transfer between levels of the fair value hierarchy |

There were no transfers between levels for the years ended December 31, 2023 and 2022.

| NOTE 21. | Financial Risk Management |

Risk management framework The Company’s risk management policies are established to identify and analyze the risks faced by the Company to assess the impact of risks and implement policies that mitigate risks. The Company’s Board of Directors oversees how management monitors compliance with the Company’s risk management policies and procedures and reviews the adequacy of the risks management framework in relation to the risks faced by the Company.

| (a) | Credit risk management |

Credit risk refers to the risk that a counterparty will default on its contractual obligations, resulting in financial losses to the Company. The Company is exposed to credit risks from operating activities, primarily accounts receivable, and from investing activities, primarily financial instruments with banks.

| 1. | Accounts and other receivables |

The Company has established a credit policy conducting a credit assessment for each new customer before the Company’s standard payment and delivery terms and conditions are F-43

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued) offered. Purchase limits are established for each customer, representing the maximum open amount without requiring approval. These limits are reviewed quarterly.

| (b) | Liquidity risk management |

The objective of liquidity risk management is to ensure the Company has sufficient liquidity to fund its business requirements associated with existing operations over the next 12 months. The Company manages its liquidity risk by maintaining adequate working capital. As of December 31, 2023, the Company’s working capital together with obtaining investments from investors or strategic partners through private offering will be sufficient to fulfill all of its contractual obligations. Therefore, management believes that the liquidity risk resulting from incapable of financing to fulfill the contractual obligations has been maintained at an acceptable level.

| (c) | Market risk management |

The Company is exposed to the financial market risks, primarily changes in foreign currency exchange rates and interest rates.