Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 236

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 236
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 of the Company, in connection with working capital requirements of the Company, for a loan of US$1,243,170 and US$400,000 at an interest rate of 12% and 6% respectively. No date was specified for loan repayment date. 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$5,77 1,110.62 . As a result of these acquisitions, Mr. Ling’s beneficial ownership of our Class A ordinary shares increased from 2 7 . 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 49,142,208 Class A Ordinary Shares outstanding, including 4,000,000 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