Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 301

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 301
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 Bylaws could make it more difficult for stockholders or potential acquirers to obtain control of our board of
directors or delay or impede a merger, tender offer or proxy contest involving the Company. These provisions could also discourage proxy
contests and make it more difficult for you and other stockholders to elect directors of your choosing or cause the Company to take other
corporate actions you desire. Any delay or prevention of a change of control transaction or changes in the Company’ board of directors
could cause the market price of our common stock to decline.

In addition, because we are incorporated in Delaware and our certificate
of incorporation has not opted out of the application of Section 203 of the DGCL, we are governed by the provisions of Section 203
of the DGCL.

34

In general, Section 203 of the DGCL prohibits a Delaware corporation
that is listed on a national securities exchange or held of record by more than 2,000 stockholders from engaging in a “business
combination” with an “interested stockholder” for a three-year period following the time such stockholder becomes
an interested stockholder, unless the business combination is approved in one of the manners described below. A “business
combination” includes, among other things, certain mergers, asset or stock sales or other transactions together resulting in a financial
benefit to the interested stockholder. An “interested stockholder” is a person who, together with affiliates and associates,
owns, or did own within three years prior to the determination of interested stockholder status, 15% or more of the corporation’s
outstanding voting stock. Under Section 203 of the DGCL, a business combination between a corporation and an interested stockholder
is prohibited unless it satisfies one of the following conditions:

●before the stockholder became an interested stockholder, the
board of directors of the corporation approved either the business combination or the transaction which resulted in the stockholder becoming
an interested stockholder;

●upon the consummation of the transaction which resulted in the
stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation
outstanding at the time the transaction commenced, excluding for purposes of determining the voting stock outstanding those shares owned
by persons who are directors and also officers, and employee stock plans, in some instances; or

●at or after the time the stockholder became an interested stockholder,
the business combination was approved by