Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 273

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 273
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 new Class A Ordinary Shares of par value US$0.0001 per share, each having the rights set forth in the Amended and Restated M&A and ranking pari passu for all purposes and identical in all respects with the existing Class A Ordinary Shares of par value US$0.0001 per share in the capital of the Company; and (2)1 new Class B Ordinary Share of par value US$0.0001 per share, having the rights set forth in the Amended and Restated M&A. In May 2023, the Company issued 94,240,000 Class A Ordinary Shares to the shareholders of Otsaw Digital Pte Ltd as part of the group restructuring. After this restructuring, Otsaw Digital was 100% owned by the Company.

F-26

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 15.Share capital (cont.) In January 2024, the Company issued 4,373,140 Class A ordinary shares as part of a USD8,746,280 loan to share capital conversion (note 20). The holders of the Class A Ordinary Shares and the Class B Ordinary Share rank pari passu with one another and have the same rights, preferences, privileges and restrictions, except holders of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as one class on all resolutions submitted to a vote by the Members. At a general meeting, each Class A Ordinary Share shall entitle the holder thereof to one (1) vote on all matters subject to vote at general meetings of the Company, and each Class B Ordinary Share shall entitle the holder thereof to that number of votes equal to sixty (60) percent of the total number of Class A Ordinary Shares and Class B Ordinary Shares outstanding as at the record date for determining those Shareholders that are entitled to vote at the general meetings of the Company. 16.Acquisition of asset On Nov1, 2021, Otsaw Technology Solutions Pte Ltd acquired Intangible Assets from Swisslog Healthcare Holdings AG. Total purchase consideration was USD 5,031,632. It consists of cash USD 1,077,281, ordinary share of Otsaw Technology Solutions Pte Ltd USD 2,238,590, ordinary share of Otsaw Swisslog Healthcare Robotics Pte Ltd USD 2,889 and deferred consideration USD