Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 280

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 280
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. Serial System International Pte Ltd holds 15.7% shareholding of Otsaw Limited. Serial System International Pte Ltd, Asian Prosperity Singapore Pte Ltd and Serial Microelectronics Pte Ltd are the group of companies held by Serial Ltd. Therefore, Asian Prosperity Singapore Pte Ltd and Serial Microelectronics Pte Ltd are the related parties of Otsaw Group.

F-31

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 21.Significant related party transactions (cont.) Compensation of directors and key management personnel The remuneration of directors and other members of key management during the financial year was as follows:

|                              |     |    2024 |     |    2023 |
|                              |     |     USD |     |     USD |
| Short-term employee benefits |     | 196,849 |     | 205,673 |
| Post-employment benefits     |     |   9,666 |     |   8,927 |
| Total                        |     | 206,515 |     | 214,600 |

22.Financial instruments and financial risks The Group’s activities expose it to credit risk, market risks (including foreign currency risk) and liquidity risk. The Group’s overall risk management strategy seeks to minimise adverse effects from the volatility of financial markets on the Group’s financial performance. The Board of Directors is responsible for setting the objectives and underlying principles of financial risk management for the Group. The management then establishes the detailed policies such as authority levels, oversight responsibilities, risk identification and measurement, exposure limits and hedging strategies, in accordance with the objectives and underlying principles approved by the Board of Directors. There have been no changes to the Group’s exposure to these financial risks or the manner in which it manages and measures the risk. Market risk exposures are measured using sensitivity analysis indicated below. Credit risk Credit risk refers to the risk that the counterparty will default on its contractual obligations resulting in a loss to the Group. The Group has adopted a policy of only dealing with creditworthy counterparties and obtaining sufficient collateral where appropriate, as a means of mitigating the risk of financial loss from defaults. The Group’s credit risk arises from bank balances, trade and other receivables, other debt instruments carried at amortised cost as well as contract assets. Bank balances are mainly deposits with banks with high credit -ratingsassigned by international