Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 139

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 139
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 reflects our 
 acquisition of PayNow on May 1, 2023.                                                                   |

Payment services The cost of revenue for payment services consists of fees associated with transfer of funds, including transaction processing fees, such as bank transfer fees, and periodic subscription fees for payment settlement partners. Hospitality services For hospitality-related software services, the cost of revenue consists of costs of system maintenance and the monthly rental fee for the electronic invoice platform. For hospitality-related platform services, the cost of revenue consists of the costs of system maintenance, fees paid for local travel experience providers, and staff and depreciation costs associated with our offline room accommodation. 96

E-commerce platform The cost of revenue for e-commerce platform services consists of cost of goods purchased for sale on our e-commerce platform. Others The cost of revenue for others consists of (i) payments to NFT creators based on revenue-sharing arrangements; and (ii) personnel costs for system development and maintenance engineers for small OwlTing Blockchain Services projects. Operating Expenses Our operating expenses consist of expenses from (i) marketing and sales; (ii) general and administrative; and (iii) research and development. The following table sets forth a breakdown of operating expenses of us for the periods indicated.

|                            |     | 2022    | For the year ended December 31, |     |            |       |     | 2023(1) |       |     |            |       |     | 2023(1) | For the nine months ended September 30, |     |            |       |     | 2024    |       |     |            |       |
|:---------------------------|:----|:--------|--------------------------------:|:----|:-----------|------:|:----|:--------|------:|:----|:-----------|------:|:----|:--------|----------------------------------------:|:----|:-----------|------:|:----|:--------|------:|:----|:-----------|------:|
|                            |     | US$’000 |                                 |     | % of total |       |     | US$’000 |       |     | % of total |       |     | US$’000 |                                         |     | % of total |       |     | US$’000 |       |     | % of total |       |
| Marketing and sales        |     |         |                           2,874 |     |            |  34.6 |     |         | 2,456 |     |