Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 167

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1
Chunk 167
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66 2/3% of the voting power instead of for cause and by the affirmative vote of holders of a majority of the voting power.

3D:Corporate Opportunity –
To eliminate the current limitations on the corporate opportunity doctrine.

3E:Change in Quorum –
To provide that the quorum required for stockholder meetings is the holders of one-third in voting power of then outstanding shares of
capital stock entitled to vote at the meeting instead of the holders of a majority in voting power of then outstanding shares of capital
stock entitled to vote at the meeting.

3F:Additional Charter Amendments –
To approve all other changes including eliminating certain provisions related to special purpose acquisition companies that will no longer
be relevant following the closing of the Business Combination.

Proposal No. 4 – The Incentive Plan
Proposal

The Shareholders approved the proposal to adopt the new omnibus
incentive plan in the form attached as Annex H to the Proxy Statement.

Proposal No. 5 – The Director Election
Proposal

The Shareholders approved the proposal to elect nine (9)
individuals as directors of the Company following the closing of the Business Combination until their respective successors are duly elected
and qualified.

1. Kuk Hyoun Hwang

2. Jun Chul Whang

3. Phil Geon Lee

4. Alcide Barberis

5. Seng Chin Mah

6. Jin Whan Park

7. Sang Hyun Kim

8. Hyuk Joo Jee

9. Joong Myung Cho

Proposal No. 6 – The Nasdaq Proposal

The Shareholders approved the proposal to approve, for purposes
of complying with the applicable listing rules of the Nasdaq Stock Market LLC, the issuance of shares of Company common stock pursuant
to the Business Combination Agreement in connection with the Business Combination.

85

In connection with the votes to approve certain of the above proposals,
57,821 shares of Company Common Stock were tendered for redemption.

On February 13, 2025, the Company issued a press release announcing
the results of the Special Meeting. A copy of the press release is attached as Exhibit 99.1 to the Company’s February 13, 2025 Form
8-K filing and is incorporated by reference herein.

As previously disclosed on the Company’s Current Report filed
on Form 8-K on February 21, 2025, on February 14, 2025 (the “Closing Date”),