Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 136

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 136
---
 of fees associated with transfer of funds, including transaction processing fees, such as acquirer bank fees and bank handling fees, and periodic subscription fees for payment settlement service providers, and personnel costs related to payment system operation and maintenance Hospitality services For hospitality-related software services, the cost of revenue consists of system maintenance expenses, such as personnel costs, and the monthly rental fee for the electronic invoice platform. For hospitality-related platform services, the cost of revenue consists of system maintenance expenses, such as personnel costs, fees paid for local travel experience providers, and staff and depreciation costs associated with our offline room accommodation. E-commerce platform The cost of revenue for e-commerce platform services consists of cost of goods purchased for sale on our e-commerceplatform, logistics costs, and system maintenance expenses, such as personnel costs. 92

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.

|                            |     | For the year ended December 31, |  2023 |     |       |       |     |         |  2024 |     |       |       |
|:---------------------------|:----|:--------------------------------|------:|:----|:------|------:|:----|:--------|------:|:----|:------|------:|
|                            |     | US$’000                         |       |     | % of  
 total |       |     | US$’000 |       |     | % of  
 total |       |
| Marketing and sales        |     |                                 | 2,456 |     |       |  30.5 |     |         | 2,120 |     |       |  21.4 |
| General and administrative |     |                                 | 3,361 |     |       |  41.8 |     |         | 5,232 |     |       |  52.7 |
| Research and development   |     |                                 | 2,231 |     |       |  27.7 |     |         | 2,571 |     |       |  25.9 |
| Total                      |     |