Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 409

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 409
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 Company’s
Form 8-K filing of October 25, 2025 and is incorporated herein by reference. The disclosures set forth herein are intended to
be summaries only and are qualified in their entirety by reference to the Company Promissory Note.

Compliance with Continued Exchange Listing Requirements 

As previously disclosed in the Company’s Current Report on Form
8-K filed on February 21, 2024, on February 15, 2024 the Company received a letter (the “Notice”) from the Listing
Qualifications Department of Nasdaq notifying the Company that the Company no longer met the minimum 300 public holders requirement for
The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(3) (the “Minimum Public Holders Requirement”). On
April 1, 2024, the Company submitted to Nasdaq a plan to regain compliance with the Minimum Public Holders Requirement and, on April 17,
2024, the staff of Nasdaq approved the plan and granted the Company an extension until August 13, 2024 to demonstrate compliance
with the Minimum Public Holders Requirement (the “Compliance Period”).

As previously reported by the Company on Form 8-K dated August 20,
2024, on that date the Company received written notice (the “Second Notice”) from Nasdaq stating that the Company has
not regained compliance with the Minimum Public Holders Requirement within the Compliance Period. According to the Second Notice, unless
the Company timely requested a hearing before a Hearings Panel (the “Panel”), the Company’s securities would
be subject to suspension or delisted from Nasdaq.

As previously reported by the Company on Form 8-K dated October 4,
2024, in accordance with the Second Notice, the Company timely requested a hearing before the Nasdaq Hearings Panel (the “Panel”),
which automatically stayed any suspension or delisting action of the Company’s securities, and the hearing was held on October 1,
2024. On October 4, 2024, the Panel granted the Company’s request for continued listing on the Nasdaq, subject to the requirement
that on or before February 17, 2025, the Company shall demonstrate compliance with Listing Rule 5505, and that during the exception
period, the Company shall provide prompt notification of any significant events that occur during this time that may affect the Company’s
compliance with Nasdaq requirements.

87

On March 7, 2025, the Hearings