Company: OWLS
Filing Date: 2025-09-24
Form Type: F-1/A
Source: 0001193125-25-213968
Chunk: 140

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-24
Form: F-1/A
Chunk 140
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 Retention Rate OwlNest’s Dollar-Based Net Retention Rate, as of a specified period end and expressed as a percentage, is defined as the Current Period ARR divided by the Prior Period ARR on a fixed exchange rates basis as of the prior period end, each associated with such specified period end and as defined below. The Prior Period ARR 91

associated with a period end is OwlNest’s ARR from the cohort of all customers as of 12 months prior to that period end. The Current Period ARR associated with a period end is OwlNest’s ARR from the same cohort of customers (as those in the Prior Period ARR) as of that period end, including any expansion and net of any contraction or churn over the past 12 months but excluding ARR from new OwlNestSubscribers gained during the past 12 months.Both OwlNest’s Dollar-Based Net Retention Rate as of December 31, 2023 and 2024 exceeded 100%, highlighting OwlNest’s strong customer retention and its capability to effectively address growing customer needs. OwlNest’s Dollar-Based Net Retention Rate as of December 31, 2024 increased to 107.7% from 102.4% as of December 31, 2023, primarily driven by the adjustment of subscription fee in 2024 and increased adoption of upgraded features enabled by our ongoing system enhancements.

|                                           |     | As of December 31, |       |   |     |      |       |   |
|                                           |     |               2023 |       |   |     | 2024 |       |   |
| OwlNest’s Dollar-Based Net Retention Rate |     |                    | 102.4 | % |     |      | 107.7 | % |

OwlNest Subscribers The number of OwlNestSubscribers is defined as the total number of paid customers for OwlNestsubscription at the end of a specified period. We treat each customer account that has a corresponding contract as a unique OwlNestSubscriber, and a single organization with multiple branches may be counted as multiple OwlNestSubscribers. The number of OwlNestSubscribers increased from 2,343 as of December 31, 2023, to 2,587 as of December 31, 2024 primarily due to the growth of OwlNest’s product visibility, which enhanced our ability to onboard new customers.

|                     |     | As of December 31, |       |     |