Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 287

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 287
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 analyzed and considered all relevant quantitative and qualitative factors and determined that the Consolidated Statement of Loss and Other Comprehensive Loss for the year ended April 30, 2023 should be corrected, even though such revision was assessed to be immaterial to the consolidated financial statements. Accordingly, the Company corrected its presentation of cost of revenue and each line item of operating expenses for the year ended April 30, 2023 within Consolidated Statement of Loss and Other Comprehensive Loss to reflect updated classifications of employment expenses based on functional activities that conform with 2024 fiscal year presentation.

F-9

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 1.Reporting entity (cont.) As of April 30, 2024, the Group’s principal subsidiaries consist of the following:

| Name of subsidiaries                        |     | Date and Country of    
 incorporation          |     | Principal activities                                                 |     | Issued and fully 
  paid/registered 
    share capital |     |   Proportion 
 of ownership 
     interest 
          (%) |     |      |
|                                             |     |                        |     |                                                                      |     |              USD |     |         2024 |     | 2023 |
| Otsaw Digital Pte Ltd1                      |     | 4 May 2015, Singapore  |     | Investment holding Company                                           |     |       25,995,068 |     |          100 |     |  100 |
| Otsaw Technology Solutions Pte. Ltd2        |     | 23 Oct 2020, Singapore |     | Investment holding Company                                           |     |        5,190,489 |     |          100 |     | 72.7 |
| Otsaw Technology Pte. Ltd2                  |     | 26 Oct 2020, Singapore |     | Software development and manufacture of industrial robots            |     |                1 |     |          100 |     | 72.7 |
| OTSAW Digital Inc.                          |     | 15 Jul 2019, USA       |     | Software development and regional sales office                       |     |            2,000 |     |          100 |     |  100 |
| Otsaw Swisslog Healthcare Robotics GMBH3    |     | 14 Jun 2021, Germany   |     | Manufacture of industrial