Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 179

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 179
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 future growth. Should we need additional space, we believe we will be able to obtain additional space on commercially reasonable terms. Insurance We maintain property insurance policies covering our equipment and facilities in accordance with customary industry practice. We carry occupational injury, medical, travel and pension insurance for our employees, in compliance with applicable regulations. We also carry director & officer (D&O) insurance. We will continue to review and assess our risk portfolio and make necessary and appropriate adjustments to our insurance practices to align with our needs and with industry practice in Singapore and in the market in which we operate. Legal Proceedings From time to time, we may become a party to various legal, arbitral or administrative proceedings or claims arising in the ordinary course of our business. Any of the pending lawsuits against us, or any other legal or administrative proceeding, regardless of the outcome, is likely to result in substantial cost and diversion of our resources, including our management’s time and attention. Other than as stated above, there are currently no material legal proceedings against us or that have been against us, and we are not aware of investigations being conducted by a governmental entity into our company.

112 REGULATIONS This section sets forth a summary of the significant regulations or requirements in the jurisdictions where we conduct material business operations as of the Latest Practicable Date. The primary laws and regulations to which we are subject to are autonomous vehicles, artificial intelligence, data protection and information security, consumer protection, intellectual property rights, anti -moneylaundering and terrorism financing and employment. SINGAPORE Regulations and Guidelines on Autonomous Vehicles We sell or lease out to third parties autonomous robots which may be deployed in, inter alia, public areas. The Land Transport Authority of Singapore governs the use of autonomous vehicles on public paths under the Active Mobility Act 2017 of Singapore (“AMA”), the Road Traffic Act 1961 of Singapore (“RTA”) and the Road Traffic (Autonomous Motor Vehicles) Rules 2017 (“RT(AMV)R”) of Singapore. Under the AMA, an individual must not (i) drive on a footpath a motor vehicle that is not a motorized wheelchair or mobility scooter, and (ii) drive or ride on a shared path any motor vehicle that is not a power -assistedbicycle, personal mobility device, motorized wheelchair or mobility scooter. The definition of “motor vehicles” includes a robotic machine designed to move and operate independently of human control when the computer that controls it is programmed, which includes our autonomous robots. The Minister of Transport may