Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 283

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 283
---
 value through profit or loss (“FVTPL”).

| (c) | Going concern |

The consolidated financial statements have been prepared on a going concern basis. As of December 31, 2023, the accumulated deficit was $50,590,502, and the total current liabilities of the Company exceeded its total current assets by $4,443,902. The Company has historically financed its operations primarily through capital increase and issuing preferred shares. Management plans to adopt the following measures to improve its operations and cash flows: 1. Expand payment business to increase the cash inflow and create new revenue stream. 2. Obtain investments from investors or strategic partners through private offering, with a total amount approximately $7 million by the issuance date of these financial statements. 3. Obtain major shareholder’s commitment to defer required repayment through June 30, 2025 of the amount lent to the Company of at least $1.4 million, and to provide the necessary financial support to meet further short-term capital needs. The Company expects to finance its operations through equity offerings and debt financings. However, there can be no assurance that any additional financing will be available to the Company on acceptable terms, if at all. If events or circumstances occur such that the Company does not obtain additional funds as needed, there would be a material adverse effect on the Company’s business and results of operations or financial condition. The Company believes that its existing cash as of December 31, 2023, combined with the cash proceeds received from issuance of the Company’s shares through F-9

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued) private offering subsequent to December 31, 2023 disclosed in Note 26. “Subsequent Events” will be sufficient to allow the Company to fund operations for at least one year from the issuance date of these financial statements.

| NOTE 3. | Application of New and Revised IFRS as Issued by the IASB |

| (a) | Amendments to IFRSs and the new interpretation that are mandatorily effective for the current year |

| New, Revised or Amended Standards and                                                      
 Interpretations                                                                            
 Amendments to IAS 1 “Disclosure of Accounting Policies”                                    
 Amendments to IAS 8 “Definition of Accounting Estimates”                                   |     | Effective date per 
 IASB               | January 1, 2023 
 January 1, 2023 |
|:-------------------------------------------------------------------------------------------|:----