Company: OWLS
Filing Date: 2025-09-03
Form Type: F-1
Source: 0001193125-25-195057
Chunk: 137

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-03
Form: F-1
Chunk 137
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 launched in 2023 with the acquisition of PayNow in May 2023. |

Active Accounts An Active Account is defined as an account registered on our payment platforms that has completed at least one transaction on our payment platforms within the past 12 months. A unique individual or business user may register on our platforms to access different services and may register more than one account to access a service. Accordingly, a single unique user may have more than one Active Account. However, as we have multiple products under OwlPay, a unique user that has registered on both OwlPay Wallet Proand OwlPay Paymentis counted only once for the purpose of determining Active Accounts, in order tomaintain consistency in this metric after the integration completes. The number of Active Accounts provides management with additional perspective on the overall scale of users using our payment products and services. As of December 31, 2024, the number of Active Accounts grew by 9.7% compared to the number of Active Accounts as of December 31, 2023, as we leveraged our customer base in e-commerce and enhanced the user experience through integration and features improvements. Substantially all of the Active Accounts as of December 31, 2023 and 2024 came from our payment gateway services through OwlPay Paymentenabled by our acquisition of PayNow in May 2023, as our payment platform services under OwlPay Wallet Prowere launched in 2024 and are still in the process of gradually building a customer base. We aim to continue expanding its payment business and increasing the number of its payment platform users. 89

|                 |     | As of December 31, |       |     |      |       |     | YoY    
 Growth |     |   |
|                 |     | 2023(1)            |       |     | 2024 |       |     |        |     |   |
| Active Accounts |     |                    | 3,556 |     |      | 3,901 |     |        | 9.7 | % |

Notes:

| (1) | The payment services were launched in 2023 with the acquisition of PayNow in May 2023. |

Hospitality services Although our future focus is on the payment business, we also seek to expand “ OwlNest,” our PMS service offerings, and acquire more subscribers in the international markets and strengthen our revenue sources. Therefore, management also focuses on the performance and growth of OwlNest, which is a part of our hospitality