Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 322

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 322
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 Accounts and other receivables |

The Company has established a credit policy conducting a credit assessment for each new customer before the Company’s standard payment and delivery terms and conditions are F-43

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued) offered. Purchase limits are established for each customer, representing the maximum open amount without requiring approval. These limits are reviewed quarterly.

| (b) | Liquidity risk management |

The objective of liquidity risk management is to ensure the Company has sufficient liquidity to fund its business requirements associated with existing operations over the next 12 months. The Company manages its liquidity risk by maintaining adequate working capital. As of December 31, 2023, the Company’s working capital together with obtaining investments from investors or strategic partners through private offering will be sufficient to fulfill all of its contractual obligations. Therefore, management believes that the liquidity risk resulting from incapable of financing to fulfill the contractual obligations has been maintained at an acceptable level.

| (c) | Market risk management |

The Company is exposed to the financial market risks, primarily changes in foreign currency exchange rates and interest rates. The objective of market risk management is to manage and control market risk exposures within acceptable parameters. The Company’s policy is not to take positions in derivative financial instruments with the aim of profit realization and strives to achieve interest rate and foreign currency exposure neutrality.

| NOTE 22. | Capital Management |

The Company’s objectives for managing capital are to safeguard the capacity to operate continuously, provide returns to shareholders, maintain the interests of other related parties, and maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Company may adjust the dividend payment to the shareholders, reduce the capital for redistribution to shareholders, issue new shares, or sell assets to settle any liabilities. There were no changes in the Company’s approach to capital management during the year ended December 31, 2023. Neither the Company nor its subsidiaries are subject to externally imposed capital managements.

|                                             |     |   | December 31, 
         2023 |   |     |     | December 31, 
         2022 |   |
|:--------------------------------------------|:----|:--|-------------:|:--|:----|:----|-------------:|:--|
| Total liabilities                           |     | $ |   22,410,197 |   |     |     |   14,743,029 |   |
| Less