Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 90

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 90
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 by Rules 13a-15 and 15d-15 under
the Exchange Act, our management carried out an evaluation of the effectiveness of the design and operation of our disclosure controls
and procedures under the supervision of our Chief Executive Officer and our Chief Financial Officer and concluded that our disclosure
controls and procedures were not effective as of March 31, 2025 because of the identification of material weaknesses in our internal
control over financial reporting as described below. A material weakness, as defined in the SEC regulations, is a deficiency, or combination
of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement
of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.

In light of these material weaknesses, we performed
additional analyses as deemed necessary to ensure that our financial statements were prepared in accordance with U.S. generally accepted
accounting principles. Accordingly, management believes that the financial statements included in this Quarterly Report on Form 10-Q present
fairly in all material respects our financial position, results of operations and cash flows for the period presented.

33

PART
II—OTHER INFORMATION

Item
1. Legal Proceedings

We
currently do not have any claims, lawsuits, or proceedings against us that, individually or in the aggregate, would be considered material
to our business or likely to result in a material adverse effect on our future operating results, financial condition, or cash flows.
We may from time to time become subject to a range of actual or potential claims, lawsuits and other legal and administrative proceedings
that may arise in the ordinary course of business. Some of these claims, lawsuits and other proceedings may range in complexity and result
in substantial uncertainty; it is possible that they may result in damages, fines, penalties, non-monetary sanctions, or relief.

In March and May of 2025, Company Management became aware of a civil
action filed against the Company by Benjamin Securities, Inc. in Supreme Court, New York County, seeking $425,000.00 in brokerage fees
and costs that the plaintiff alleges are due and owing.

Item 1A. Risk
Factors

In
addition to the risk factors set forth below and the other information set forth in this report, you should carefully consider the factors
discussed under Part I, Item 1A, “Risk Factors” in our Annual Report on Form 10-K for
the fiscal year ended December 31, 2024