Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 130

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 130
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 |                           21,860 |     |        1.2 |     | 22,804 |     |        0.8 |
| Miscellaneous (expense)/income |     |                           17,183 |     |        1.0 |     | 14,815 |     |        0.5 |
| Total other income             |     |                           39,043 |     |        2.2 |     | 37,619 |     |        1.3 |

No material fluctuations of noted. Operating expenses Sales and marketing expenses Sales and marketing expenses include salaries and contributions to retirement benefit schemes for our sales and marketing employees, travel and business development expenses covering both domestic and international travel, as well as other expenditures incurred in the pursuit of business development and expanding our business network. Sales and marketing expenses accounted for 19.5% and 29.3% of our total revenues for the years ended April 30, 2024 and 2023, respectively. Sales and marketing expenses accounted for 20.6% and 19.2% of our total revenues for the six months ended October31, 2024 and 2023, respectively. General and administration expenses General and administration expenses mainly comprise (i) salaries and contributions to retirement benefit schemes for our administration and operation employees; (ii) services fee for audit, legal, and other professional services; (iii) rental and related expenses for leasing of our office premises; (iv) IT support software subscription and telecommunication support for daily administration work; (v) foreign currency exchange loss (gain) resulting from the exchange difference in remeasuring foreign currency balances; (vi) inventory written off and obsolete provision; and (vii) depreciation of our property, plant and equipment, amortization of our intangible assets primarily related to favorable rights, contract backlogs, and customer relationships, and other office operating expenses. General and administration expenses accounted for 98.0% and 103.7% of our total revenues for the years ended April 30, 2024 and 2023, respectively. General and administration expenses accounted for 141.6% and 86.2% of our total revenues for the six months ended October31, 2024 and 2023, respectively.

78 Research and development expenses Research and development expenses include salaries and contributions to retirement benefit schemes for our research and development employees, as well as amortization of our intangible assets primarily related to IP and R&D software, and