Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 115

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 115
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Code of Ethics

The Company adopted a code of ethics that applies
to all of its employees, officers and directors, including its principal executive officer, principal financial officer, principal accounting
officer or controller or persons performing similar functions. The Company intends to disclose future amendments to its code of business
conduct and ethics, or any waivers of such code, on its website.

Insider Trading Policy

Subsequent to the consummation of the Initial
Public Offering, the Company adopted an insider trading policy which requires insiders to (i) refrain from purchasing
shares during certain blackout periods and when they are in possession of any material non-public information and (ii) to clear
all trades with the Company’s legal counsel or compliance officer prior to execution. In addition, the Company’s Sponsor
and any other holders of the Company’s common stock prior to the Initial Public Offering (or their permitted transferees (the “Initial
Stockholders”)) have agreed to waive their redemption rights with respect to their Founder Shares, Placement Shares and Public
Shares in connection with the completion of a Business Combination. A copy of the Company’s Insider Trading Policy has been filed
as Exhibit 19.1 to our 2024 Annual Report on Form 10-K. You can review the Insider Trading Policy by accessing our public filings at
the SEC’s website at www.sec.gov.

<div align='center'>EXECUTIVE
COMPENSATION</div>

This section discusses the material components
of the executive compensation program for the Company’s executive officers who are named in the “2024 Summary Compensation
Table” below. In 2024, the Company’s “named executive officers” and their positions at year-end were as follows:

This discussion may contain forward-looking statements
that are based on our current plans, considerations, expectations and determinations regarding future compensation programs. Actual compensation
programs that the Company adopts following the completion of the Business Combination may differ materially from the currently planned
programs summarized in this discussion.

2024 Summary Compensation Table

The following table sets forth information concerning
the compensation of the Company’s named executive officers for the year ended December 31, 2024.

| Name                               
 and Principal Position             |     | Salary 
 ($)    |        |     | Stock  
 Awards 
 ($)    |   |     | Non-Equity     
 Incentive Plan 
 Compensation   
 ($)            |   |     | All Other    
 Compensation 
 ($)          |   |     | Total |        |
| Kuk Hyoun Hwang                    |