Company: OSRH
Filing Date: 2025-06-10
Form Type: S-1/A
Source: 0001213900-25-053114
Chunk: 54

Company: OSR Holdings, Inc.
Filing Date: 2025-06-10
Form: S-1/A
Chunk 54
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 the acquisition of the items.

36

Depreciation of all equipment and vehicles
is calculated using the straight-line method to allocate their cost or revalued amounts, net of their residual values, over their estimated
useful lives as follows:

|                    |     | Estimated     
 useful lives  |
| Vehicle            |     | 5 years       |
| Office equipment   |     | 5 years       |
| Facility equipment |     | 3 to 13 years |

The assets’ depreciation method, residual values and
useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

| i. | Goodwill              
 and intangible assets |

Goodwill represents the excess purchase
price over the estimated fair value of net assets acquired in a business combination.

The Group accounts for intangible assets
in accordance with Accounting Standards Codification (ASC) Topic 350, Intangibles – Goodwill and Other (ASC 350).
ASC 350 requires that intangible assets with estimable useful lives be amortized over their respective estimated useful lives and reviewed
for impairment in accordance with accounting standards.

When impairment indicators are identified,
the Group compares the reporting unit’s fair value to its carrying amount, including goodwill. An impairment loss is recognized
as the difference, if any, between the reporting unit’s carrying amount and its fair value, to the extent the difference does not
exceed the total amount of goodwill allocated to the reporting unit.

Indefinite-lived intangible assets
are tested for impairment annually, and more frequently when there is a triggering event. Annually, or when there is a triggering event,
the Group first performs a qualitative assessment by evaluating all relevant events and circumstances to determine if it is more likely
than not that the indefinite-lived intangible assets are impaired; this includes considering any potential effect on significant inputs
to determining the fair value of the indefinite-lived intangible assets. When it is more likely than not that an indefinite-lived intangible
asset is impaired, then the Group calculates the fair value of the intangible asset and performs a quantitative impairment test.

| j. | Impairment of     
 long-lived assets |

Long-lived assets, such as equipment,
vehicles and intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate
that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group to be tested for
possible impairment, the Group first compares undiscounted cash flows expected to be