Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 184

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 184
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 more quickly than legacy competitors such as channel
managers and in-house PMS.

For OwlNest, we operate private self-hosted nodes with
consensus mechanism as proof of authority (“PoA”). We take advantage of the traceability of blockchain and flexibility of smart contract to store and manage data, even though our operations here do not involve digital assets. Our
underlying blockchain nodes are configured using an open-source Ethereum client and consensus protocol. We have control over the protocol on our private nodes, but do not make modifications to the protocol.

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A. Hospitality-related software services: OwlNest

OwlNest provides hotel management services for our hospitality providers operating hotel properties. It provides
hoteliers with the tools they need to efficiently connect with OTAs, enhance their visibility on platforms such as Google Hotels, and streamline their operations. Different from other PMS providers, OwlNest is a cloud-based solution providing
integrated channel management solutions that use automated blockchain-based smart contracts and provide real-time inventory management and demand-adjusted pricing across all of the hotel’s distribution channels, addressing the key pain point
of double-booking for both providers and users of hotel and hospitality services. We also help design and provide the Booking Engine for OwlNestclients, a white label booking website that facilitates an easier online booking experience for
hotel visitors. For clients using the OwlNest platform as their booking engine, we also provide the optional add-on room fee collection services to help process room fees payments to our clients.

We provide two fee models for our OwlNest customers: (i) subscription fees, under which model we charge our clients
SaaS fees on an annual basis, which vary depending on the number of rooms a client provides; and (ii) commission fees, under which model we charge a commission fee based on the price of orders we process for our clients through our PMS services.
Additionally, for our add-on room fee collection services for OwlNestclients, we charge a processing fee based on a contractually agreed percentage of the collected amounts.

B. Hospitality-related platform services

a. OTA Platform: OwlJourney and OwlTing Experiences

OwlJourney and OwlTing Experiences are OTA platforms facilitating transactions of hotels and B&Bs as well as
travel activities and experiences. For the hospitality providers who also use OwlNest, we further integrate inventory data from OwlNest in displaying the most accurate real-time inventory on OwlJourney. OwlJourney and
OwlT