Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 295

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 295
---
 in which it operates;

●changes in government regulation;

●potential or actual military conflicts or acts of terrorism;

●the failure of securities analysts to publish research about
the Company, or shortfalls in its operating results compared to levels forecasts by securities analysts;

●announcements concerning the Company or its competitors; and

●the general state of the securities markets.

These market and industry factors may materially reduce the market
price of the Company’ Common Stock and warrants, regardless of its operating performance.

Following the Business Combination, the Company is a controlled
company within the meaning of the Nasdaq Listing Rules and, as a result, will qualify for, and may rely on, exemptions
from certain corporate governance requirements. Stockholders of the Company may not have the same protection afforded to stockholders
of companies that are subject to such governance requirements.

After the Business Combination, Kuk Hyoun Hwang, the Company’s
Chief Executive Officer will control a majority of the voting power of the outstanding shares of the Company Common Stock. As a result,
the Company will be a “controlled company” within the meaning of the corporate governance standards of Nasdaq. Under
these corporate governance standards, a company of which more than 50% of the voting power for the election of directors is held by an
individual, group or another company is a “controlled company” and may elect not to comply with certain corporate governance
requirements. For example, controlled companies:

●are not required to have a board that is composed of a majority
of “independent directors” as defined under the Nasdaq listing rules;

●are not required to have a compensation committee that is composed
entirely of independent directors or have a written charter addressing the committee’s purpose and responsibilities; and

●are not required to have director nominations be made, or recommended
to the full board of directors, by its independent directors or by a nominating and corporate governance committee that is composed entirely
of independent directors, and to adopt a written charter or a board resolution addressing the nominations process.

While the Company does not initially intend to rely on these exemptions,
the Company may opt to utilize these exemptions in the future as long as it remains a controlled company. Accordingly, the Company
stockholders may not have the same protections afforded to stockholders of companies that are subject to all of the corporate governance
requirements of Nasdaq.

If the Company ceases to be a “controlled company” in the
future, it