Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 144

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 144
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 aggregate amount of related party loans is $6,519,160 and third -partyloans is $3,257,852 respectively. As of April30, 2024 and 2023, the aggregate amount of loans is $6,688,816 and $11,241,156, respectively, all of which were related parties loans. The related party loans have flexible repayment terms and repayment can be deferred upon the Company’s request. The third -partyloans are either due for repayment in three installments starting from September 2025 and until September 2027 or can be restructured upon the Company’s request. In consideration of the flexibility in repayment terms on these loans and borrowings, we expect that these outstanding loans, on overall basis, are less than likely to have an adverse impact on the Company’s liquidity. Considering all facts and information on hand, we expect our cash on hand is sufficient to finance our working capital requirements within the normal operating cycle of a twelve -monthsperiod from the date of our consolidated financial statements are issued. If we are unable to have sufficient fund to finance our working capital requirements within the normal operating cycle of a twelve -monthsperiod from the date of these consolidated financial statements are issued, we may consider supplementing our available sources of funds through the following sources: •additional equity financing from shareholders or third -partyinvestors; and/or •financial support from financial institutions, our shareholders and related parties. Based on the above considerations, we are of the opinion that we have sufficient funds to meet our working capital requirements and current liabilities as they become due within twelve months from the date of these consolidated financial statements are issued. However, there is no assurance that we will be successful in implementing our plans. There are a number of factors that could potentially arise and could undermine our plans, such as changes in the demand for our products, general market conditions and the broader capital market climate in Singapore, etc. Cash Flows for the Fiscal Years Ended April 30, 2024 and 2023 The following table sets forth a summary of our cash flows for the years ended April 30, 2024 and 2023 as indicated.

|                                                      |     | For the Years Ended 
           April 30, |   |     |            |   |
|                                                      |     |                2024 |   |     |       2023 |   |
|                                                      |     |                 US$ |   |     |        US$ |   |
| Net cash used in operating activities                |