Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 192

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 192
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 development team and 86 employees in sales and marketing team. We don’t have temporary employees. Our employees are mainly based in Taiwan, and we have fewer than 10 employees overseas, including in the United States, Japan, and Malaysia. We are subject to, and comply with, local labor law requirements based on the locations of the employees. Almost all of our employees are represented by labor unions or covered by collective bargaining agreements. We consider our employee relations to be good and we have not experienced any work stoppages. Our Corporate Structure and History Darren Wang, a serial entrepreneur and blockchain industry angel investor, founded the OwlTing Group in 2010. We are a blockchain technology company headquartered in Taipei, Taiwan and have subsidiaries in the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand. We were incorporated under our holding 131

company, OBOOK Holdings Inc., under the laws of the Cayman Islands in April 2011. We believe developing and managing our diverse business operations by business segments and groups enables us to
formulate more effective business strategies and operating guidelines that fit the needs of the group. The following diagram illustrates our corporate structure, including our subsidiaries, as of the date of this prospectus:

We are continuously developing and deploying easy access to blockchain solutions for industries that have a
need for cost-effective resilience and transparency across the globe. OwlTing Market was the first business line we developed. It continues to serve as a platform dedicated to enabling Taiwanese local businesses and farmers to reach

132

out directly to end consumers. We offer consumers diverse and high-quality products through OwlTing Market’s stable partnerships with small- and medium-sized farmers and businesses in
Taiwan.

We expanded our footprint into the hospitality sector in 2018 by introducing OwlNest, a powerful and easy-to-use hotel PMS leveraging blockchain technology, which now connects more than 2,500 hospitality providers with their customers. OwlNest also facilitates unique
travel experiences under our OwlJourney and OwlTing Experiences brands.

In 2023, we launched OwlPay, a payment
platform specifically developed to simplify backend financial operations in connection with cross-border transactions.

In May 2023, we
further enhanced our payments offerings by acquiring PayNow, a prominent Taiwanese payment gateway service provider, in order to deliver current and future one-stop payment solutions from payment gateway to
business payout solutions with fiat currency, credit cards and stablecoin.

Today, we have an international team of more than 200
professionals,