Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 27

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 27
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 •Otsaw Limited is a “foreign private issuer” within the meaning of the rules under the Exchange Act. Our disclosure obligations differ from those of U.S. domestic reporting companies and are exempt from certain Nasdaq corporate governance standards applicable to U.S. issuers. As a result, you will have less protection than you would have if we were a domestic issuer (on page 51). •We may become a passive foreign investment company, or PFIC, for United States federal income tax purposes for any taxable year, which could subject United States investors in our Class A Ordinary Shares to significant adverse United States income tax consequences (on page 52). •It is not certain if we will be classified as a Singapore tax resident (on page 52). Corporate Information Our principal executive offices are located at 10 Tampines North Drive4, #01 -03, Singapore 528553. The telephone number of our principal executive office is (852) 2754 3320. Our registered office in the Cayman Islands is located at the offices of Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, PO Box 1348, Grand Cayman KY1 -1108, Cayman Islands. Our agent for service of process in the United States is Cogency Global Inc., 122 E. 42 ndStreet, 18 thFloor, New York, New York 10168. We maintain a website at www.otsaw.com. We do not incorporate the information on our website into this prospectus and you should not consider any information on, or that can be accessed through, our website as part of this prospectus. Implications of Being a Controlled Company Currently, our chairman, director, chief executive officer and controlling shareholder, Mr. Ling Ting Ming, indirectly owns more than 50% of the voting power of our outstanding Class A Ordinary Shares and Class B Ordinary Shares. Immediately after completion of this offering, he will own approximately 41.4% of our total issued and outstanding Class A Ordinary Shares and 100% of our total issued and outstanding Class B Ordinary Shares, representing approximately 63.4% of the total voting power of our shares, assuming that the underwriters do not exercise their over -allotmentoption, which is more than 50% of the total voting power of our shares. Therefore, we are, and will continue to be, a “controlled company” within the meaning of the Nasdaq Stock Market Rules. As a result