Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 237

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 237
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% and 6% respectively which matures on December 31, 2025 and is due to be paid upon listing of our Class A Ordinary Shares on Nasdaq . As of October 31, 2024 and as of the date of this prospectus, we had an outstanding balance under this loan of US$1,881,482 and US$1,994,882 respectively. On July 3, 2025, Mr. Ling Ting Ming completed the purchase of an aggregate of 7,957,700 Class A ordinary shares from several minority shareholders in privately negotiated transactions for an aggregate consideration of US$5,771,110.62. As a result of these acquisitions, Mr. Ling’s beneficial ownership of our Class A ordinary shares increased from 27.86% to 45.49%. 147 SHARES ELIGIBLE FOR FUTURE SALE Prior to this offering, there has been no market for our Class A Ordinary Shares. Future sales of substantial amounts of our Class A Ordinary Shares in the public market could adversely affect market prices prevailing from time to time. Furthermore, because only a limited number of Class A Ordinary Shares will be available for sale shortly after this offering due to existing contractual and legal restrictions on resale as described below, there may be sales of substantial amounts of our Class A Ordinary Shares in the public market after such restrictions lapse. This may adversely affect the prevailing market price of our Class A Ordinary Shares and our ability to raise equity capital in the future. Upon completion of this offering, we will have an aggregate of 49,586,653 Class A Ordinary Shares outstanding, including 4,444,445 Class A Ordinary Shares that we are selling in this offering, and 1 Class B Ordinary Share outstanding, assuming no exercise of the underwriters’ over -allotmentoption. Our Class A Ordinary Shares will be available for sale in the public market after the expiration or waiver of the lock -upagreements described below, subject to limitations imposed by U.S. securities laws on resale by our “affiliates” as that term is defined in Rule 144 under the Securities Act, or Rule 144. We expect that all of our Class A Ordinary Shares being sold in this offering by the Company will be freely tradable without restriction or further registration under the Securities Act, unless purchased by “affiliates” as that term is defined under Rule 144. As defined in Rule 144, an “affiliate” of an issuer is a person that directly, or indirectly through one or more intermediaries