Company: OSRH
Filing Date: 2025-05-28
Form Type: S-1
Source: 0001213900-25-048346
Chunk: 104

Company: OSR Holdings, Inc.
Filing Date: 2025-05-28
Form: S-1
Chunk 104
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 determined by the board of directors. Director Independence Nasdaq listing standards require that a majority of our board of directors be independent. An “independent director” is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. Our board of directors has determined that each of Drs. Reed, Roberts and Chung and Mr. Park is an “independent director” as defined in the Nasdaq listing standards and applicable SEC rules. Our board of directors also determined that Mr. Euh, who resigned from the Board effective June 21, 2023, was independent. Our independent directors will have regularly scheduled meetings at which only independent directors are present. 66 Involvement in Certain Legal Proceedings To the best of our knowledge, none of our directors or executive officers has, during the past ten years:

| ● | been convicted                                                                               
 in a criminal proceeding or been subject to a pending criminal proceeding (excluding traffic 
 violations and other minor offences);                                                        |

| ● | had any bankruptcy                                                                          
 petition filed by or against the business or property of the person, or of any partnership, 
 corporation or business association of which he was a general partner or executive officer, 
 either at the time of the bankruptcy filing or within two years prior to that time;         |

| ● | been subject to                                                                                 
 any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court   
 of competent jurisdiction or federal or state authority, permanently or temporarily enjoining,  
 barring, suspending or otherwise limiting, his involvement in any type of business, securities, 
 futures, commodities, investment, banking, savings and loan, or insurance activities, or        
 to be associated with persons engaged in any such activity;                                     |

| ● | been found by                                                                                    
 a court of competent jurisdiction in a civil action or by the Securities and Exchange Commission 
 or the Commodity Futures Trading Commission to have violated a federal or state securities       
 or commodities law, and the judgment has not been reversed, suspended, or vacated;               |

| ● | been the subject                                                                                 
 of, or a party to, any federal or state judicial or administrative order, judgment, decree,      
 or finding, not subsequently reversed, suspended or vacated (not including any settlement        
 of a civil proceeding among private litigants), relating to an