Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 143

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 143
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 platform services consists of cost of goods purchased for sale on our e-commerceplatform, logistics costs, and system maintenance expenses, such as personnel costs. 94

Others The cost of revenue for others consists of (i) payments to NFT creators based on revenue-sharing arrangements; and (ii) personnel costs for system development and maintenance engineers for small OwlTing Blockchain Services projects. Operating Expenses Our operating expenses consist of expenses from (i) marketing and sales; (ii) general and administrative; and (iii) research and development. The following table sets forth a breakdown of operating expenses of us for the periods indicated.

|                            |     | For the year ended December 31, |  2023 |     |       |       |     |         |  2024 |     |       |       |
|:---------------------------|:----|:--------------------------------|------:|:----|:------|------:|:----|:--------|------:|:----|:------|------:|
|                            |     | US$’000                         |       |     | % of  
 total |       |     | US$’000 |       |     | % of  
 total |       |
| Marketing and sales        |     |                                 | 2,456 |     |       |  30.5 |     |         | 2,120 |     |       |  21.4 |
| General and administrative |     |                                 | 3,361 |     |       |  41.8 |     |         | 5,232 |     |       |  52.7 |
| Research and development   |     |                                 | 2,231 |     |       |  27.7 |     |         | 2,571 |     |       |  25.9 |
| Total                      |     |                                 | 8,048 |     |       | 100.0 |     |         | 9,923 |     |       | 100.0 |

Marketing and sales Our marketing and sales expenses mainly consist of personnel-related expenses for employee salaries and allowance, employee benefits, and performance bonus for employees engaged in sales and marketing, consultancy fees and advertising expenses. We plan to continue investing in sales and marketing to expand our customer base, focusing on both customer acquisition and retention, while also enhancing brand awareness. Consequently, we anticipate that marketing and sales expenses will increase in absolute terms. However, in the long term, we expect these expenses to