Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 6

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 6
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 for customers on supported blockchains,
we handle the payment of the gas fees incurred on these blockchains on behalf of the customers for certain types of customers and transactions, so that these customers do not need to hold the native digital assets of the transaction chain. We plan
to expand OwlPay Wallet Pro services to support more blockchains, including Base and Solana and diversify our stablecoin offering, including EURC, ZUSD and GYEN to enable customers to execute foreign exchange transactions using stablecoins in
the future. After the integration of OwlPay and OwlPay Wallet Pro, customers will be able to access various fiat currency and stablecoin payment options and perform these payment transactions on a single platform. Beyond serving end
users of our wallet products, we also expect to provide our on/off-ramping capabilities to other wallet providers via our API package, OwlPay Harbor, covering various blockchains including Ethereum and Solana.

OwlPay continues to build multi-jurisdictional capabilities and aims to expand its service offerings internationally. For example, we
currently hold money transmitter licenses, or MTLs, in 30 states in the United States and the Virtual Asset Service Provider, or VASP, registration in Poland. We are also in the process of preparing for applications for a bank API license, a fund
transfer service license and a stablecoin license in Japan,

2

a major payment institution license in Singapore and a money service operator license in Hong Kong; and we expect to upgrade the qualification as a Crypto Asset Service Provider, or CASP, under Markets in Crypto-Assets Regulation (MiCAR) in the EU. We also plan to further expand to Brazil, Argentina and other markets in South America where we could provide virtual asset services without being subject to licensing requirements. We believe our payment business will be the most significant driver of our future business expansion plans. We believe our expansion into new products and markets from our current customer-centric businesses will enable us to capture cross-selling opportunities with our existing relationships in the e-commerceand hospitality industries, and to grow into a comprehensive cross-border payment platform and business ecosystem. For the nine months ended September 30, 2024, our company’s total revenue was comprised of our operations in the following main business segments: (i) Payments contributed to 52% of our total revenue; (ii) Hospitality (which include software services and platform services) contributed to 37% of our total revenue; and (iii) E-commerce contributed to 11% of our total revenue. OwlPay’s Market