Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 378

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 378
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| Decrease in other current liabilities – receipts under custody |     |                |  (6,343,660 | ) |
| Increase in guarantee deposits received                        |     |                |      42,500 |   |
| Payment of lease liabilities                                   |     |                |  (1,063,523 | ) |
| Net cash used in financing activities                          |     |                |  (7,364,683 | ) |
| Net decrease in cash and restricted cash                       |     |                |  (5,817,033 | ) |
| Cash and restricted cash at beginning of period                |     |                | 134,981,111 |   |
| Cash and restricted cash at end of period                      |     | $              | 129,164,078 |   |

The accompanying notes form part of these financial statements. F-110

PayNow Inc. Notes to the Financial Statements For the Four Months Ended April 30, 2023 (Expressed in New Taiwan Dollars, Unless Otherwise Specified) NOTE 1. Reporting entity PayNow Inc. (the “Company”), a Taiwan company incorporated in October 2006, has been dedicated to providing electronic commerce payment services. Utilizing a unique and secure bank trust system and various payment mechanisms, the Company has created a variety of service features for online payments and provided merchants with one-stopservice which includes logistics information flow and electronic invoice integration, catering to the needs of various online stores. NOTE 2. Basis of preparation

| (a) | Statement of compliance |

The accompanying financial statements as of and for the four months ended April 30, 2023 have been prepared for purposes of a filing with the U.S. Securities and Exchange Commission in connection with the acquisition of the Company by OwlPay Holdings PTE. LTD., a wholly-owned subsidiary of OBOOK Holdings Inc., which was completed on May 1, 2023. The financial statements have been prepared in accordance with all applicable International Financial Reporting Standards (“IFRSs”), which collective term includes all applicable individual International Financial Reporting Standards, International Accounting Standards and Interpretations issued by the International Accounting Standards Board (“IASB”), except that they do not include comparative financial information for the four months ended April 30, 2022 as required by International Accounting Standards (“IAS”) 1, Presentation of Financial Statements. Material accounting policies adopted by the Company are disclosed in note 4. These financial statements were authorized for issuance by the Board of Directors on August 20, 2024