Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 32

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 32
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 services, including products and services that our unregulated or less-regulated competitors are able to offer to a group that includes many of our customers, which
may adversely impact our business, financial condition and results of operations.

We have a new business model and a short operating history in developing and rapidly evolving markets for our products and services, which makes it difficult to evaluate our future prospects.

We established an e-commerce platform in 2014 and further expanded into the hospitality sector in 2018
and the payment and fintech industry in 2023. Our limited and evolving operating history makes it difficult to effectively evaluate our future prospects or forecast our future results. As we compete in multiple developing and rapidly evolving
sectors, we face substantial uncertainty concerning how these sectors may develop, as well as our ability to develop or implement additional strategic initiatives and enhancements to our products and services, to successfully expand our operations
and enhance the value of our brand across industries and internationally, to maintain and strengthen our competitive edge on key products and services and to maintain a reliable, secure, high-performance and scalable technology infrastructure.

We make selective investments in new products and services and enhancement to our existing products and services, including with respect to industries and areas or technologies with which we have little or no prior development or operating experience, which may not be successful and may not achieve expected returns.

Our ability to grow and expand our business depends on selectively developing and investing in new products and services, as well as enhancing
our existing products and services, both internally and through acquisitions. For example, after we launched OwlTing Market, an e-commerce platform for local Taiwanese businesses and farmers in 2014, we
introduced in 2018 OwlNest, a hospitality property management service platform, expanded into payment services in 2023 with the launch of OwlPay, and further supplemented our payment gateway services with the acquisition of PayNow in
May 2023.

We may potentially introduce significant changes to our existing products and services or develop and introduce new and
unproven products and services, including relating to areas or technologies with which we have little or no prior development or operating experience, which may adversely affect our chance to

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successfully develop and market these products and services. We may incur substantial costs and may not be successful in generating profits from these efforts. Any new features may also cause
technical issues that diminish the performance or attractiveness of our products and services, resulting in our failure to attract or retain customers in both the short term and long term. In addition