Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 914

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 914
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.5757 |     | 0.4917 |     | 0.4199 |     | 0.3586 |     | 0.3063 |     | 0.2616 |     |  0.2234 |     |  0.1908 |     |  0.1629 |     |    0.1392 |
| Present Value of FCF |     |      |     |      |     |      |     |      |     |      |     |      — |     |      — |     |      — |     |      — |     |      — |     |      — |     |      — |     |      — |     |    957 |     |   5,092 |     |   8,150 |     |  10,340 |     |    11,834 |

Annex I-29

Estimating Future Cash Flows to Calculate Enterprise Value Darnatein Co., Ltd. Revenue Projection from License-out : DRT 101 (Osteoarthritis) — 2 / 3

|                          |     |         |     |      FY37 |   |     |      FY38 |   |     |      FY39 |   |     |      FY40 |   |     |      FY41 |   |     |      FY42 |   |     |      FY43 |   |     |      FY44 |   |     |      FY45 |   |     |      FY46 |   |     |      FY47 |   |     |      FY48 |   |     |      FY49 |   |     |    FY50 |   |
| Revenue                  |     |         |     | 1,444,790 |   |     | 1,758,546 |   |     | 2,084,683 |   |     | 2,423,579 |   |     | 2,775,623 |   |     | 3,141,215 |   |     | 3,520,763 |   |     | 3,194,406 |   |     | 2,853,015 |   |     | 2,496,107 |   |     | 2,123,185 |   |     | 1,733,739 |   |     | 1,327,244 |   |     | 903,161 |   |