Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 58

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1
Chunk 58
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 outstanding shares of the Company Common Stock. As a result,
the Company will be a “controlled company” within the meaning of the corporate governance standards of Nasdaq. Under
these corporate governance standards, a company of which more than 50% of the voting power for the election of directors is held by an
individual, group or another company is a “controlled company” and may elect not to comply with certain corporate governance
requirements. For example, controlled companies:

●are not required to have a board that is composed of a majority
of “independent directors” as defined under the Nasdaq listing rules;

●are not required to have a compensation committee that is composed
entirely of independent directors or have a written charter addressing the committee’s purpose and responsibilities; and

●are not required to have director nominations be made, or recommended
to the full board of directors, by its independent directors or by a nominating and corporate governance committee that is composed entirely
of independent directors, and to adopt a written charter or a board resolution addressing the nominations process.

While the Company does not initially intend to rely on these exemptions,
the Company may opt to utilize these exemptions in the future as long as it remains a controlled company. Accordingly, the Company
stockholders may not have the same protections afforded to stockholders of companies that are subject to all of the corporate governance
requirements of Nasdaq.

If the Company ceases to be a “controlled company” in the
future, it will be required to fully comply with the Nasdaq Listing Rules, which may require replacing a number of its directors and may
require development of certain other governance-related policies and practices. These and any other actions necessary to achieve
compliance with such rules may increase the Company’ legal and administrative costs, will make some activities more difficult, time-consuming,
and costly and may also place additional strain on the Company’ personnel, systems and resources.

An active, liquid trading market for the Company Common Stock
and warrants may not develop or persist, which may limit your ability to sell such common stock and warrants.

Although Company stock and warrants were listed on Nasdaq under the
ticker symbols “OSRH” and “OSRHW,” respectively, upon Closing of the Business Combination, a sufficiently liquid
or active trading market for the Company Common Stock and warrants may never develop or be sustained going forward. A public trading market
having the desirable characteristics of depth, liquidity and orderliness depends upon the existence of willing