Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 190

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 190
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 option that we plan to develop under our
OwlPay platform.

In addition to partnerships providing services to us that supplement our capabilities, we also continue to
explore possibilities for mutually beneficial strategic relationships with our partners. In connection with an equity investment in our company by the Stellar Development Foundation (“SDF”), an important developer in the blockchain
industry, we entered into a binding commercial agreement in November 2023, pursuant to which we agree to use commercially reasonable efforts to explore our further integration with the Stellar Network, a new payment standard centered around USDC led
by Stellar. The strategic cooperation includes potential integration with our OwlPay platform, such as holding, sending, receiving and paying with USDC on Stellar, and serving as a “Stellar Anchor” on the send-side and/or
receive-side that provides on/off-ramping capabilities with USDC on Stellar to other third parties on the Stellar Network. A “Stellar Anchor” is an entity cooperating with SDF and providing services that can be easily integrated by other
wallet providers who are also on the Stellar Network. In February 2025, we completed tailoring our on/off-ramp services to the specifications set for the Stellar Network. Currently, our OwlPay Wallet Pro supports the stablecoin
on the Stellar transaction chain and allows our customers to execute wallet transfer transactions using the Stellar transaction chain as an option. We also hold XLM, Stellar’s native digital asset, to facilitate gas fee payments for
transactions on the Stellar transaction chain.

Our Research & Development

We currently have 75 employees in the research and development team including engineering staff, holding the positions of web developers,
mobile apps developers, software testing engineers, UI designers and system operators. The main priorities of our research and development team are to refine and upgrade existing products and source, develop and commercialize novel product
innovations.

Our web developers team (including apps, front-end and back-end developers) is responsible for development of new products, features and bug-fixes of current products by working with the UI designers. Our software testing
engineers conduct quality assurance testing of new products and features and the system operation team deploys such products and features to live operation with automated tools. The system operation team is also responsible for the architecture
design of our website, as well as service monitoring by tracking multiple metrics and service logs.

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Our Sales and Marketing Our sales and marketing efforts are led by dedicated teams in each business unit and a public relations team that oversees our public communications. Our approach to sales and marketing