Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 324

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 324
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 from customers for which products or services have not been delivered. These customer deposits received are included under “Trade and other payables” on the Consolidated Statements of Financial Position, amounting to $ 920,976 and $731,708 respectively as of October 31, 2024 and April 30, 2024 (See Note 16). 2.5Employee leave entitlements Employee entitlements to annual leave are recognized when they accrue to employees. A provision will be made for the estimated liability for annual leave as a result of services rendered by employees up to the end of the financial year. 2.6Employee Stock Ownership Plan The Otsaw Share Option Plan 1 (the “Plan 1”) for key management personnel and employees of the Group was approved by the shareholders on 22 May 2018. As part of the reorganization of the group, the Otsaw Digital Pte Ltd employee stock ownership plan lapsed during the year. The Group is planning to set up a new plan in the future. On 22 May 2018 (the “Date of Grant”), the Otsaw Digital Pte Ltd, granted 130,000share options under the Plan 1 to its employees, an aggregate number of 60,000share options has been granted to its employees subsequently on the grant date, 1 October 2019 and 1 July 2020 respectively. As of the six months end, 0 Option Shares (unvested and unissued) remain outstanding. F-52

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED OCTOBER 31, 2024 AND 2023 2.Summary of significant accounting policies (cont.) On 29 December 2020, the Group has adopted the Share Options Plan 2 (the “Plan 2”), the Company has granted 20,000share options under the Plan 2 to its employees. All options lapsed during the year.

| Date of grant    |     | Balance as at 
         1 May 
          2023 |     | Granted |     | Exercised |     | Lapsed or 
 expired   |   |     | Balance as at 
 30 April      
 2024          |     |  Exercise 
 price per 
     share 
      (S$) |
| 22 May 2018      |