Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1723

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 8
Chunk 1723
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 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 this Annual Report.

Item 11.	 Executive Compensation 

Throughout this section, unless otherwise noted, “the Company,”
“we,” “us,” “our” and similar terms refer to BLAC prior to the Business Combination. 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.

101

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

    0

    0

    0

    0

    0