Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 30

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 30
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 ethics to directors and officers. Although we will require board approval of any such waiver, we may choose not to disclose the waiver in the manner set forth in the Nasdaq rules, as permitted by the foreign private issuer exemption. 12 •Exemption from the requirement that our board of directors have a compensation committee that is composed entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities. •Exemption from the requirements that director nominees are selected, or recommended for selection by our board of directors, either by (1) independent directors constituting a majority of our board of directors’ independent directors in a vote in which only independent directors participate, or (2) a committee comprised solely of independent directors, and that a formal written charter or board resolution, as applicable, addressing the nominations process is adopted. In addition, as a company incorporated in the Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from the corporate governance listing requirements of Nasdaq. These practices may afford less protection to shareholders than they would enjoy if we complied fully with corporate governance listing requirements of Nasdaq. Following the offering, we intend to rely on home country practice to be exempted from certain of the corporate governance requirements of Nasdaq, namely; (i) there will not be a necessity to have regularly scheduled executive sessions with independent Directors; and (ii) there will be no requirement for the Company to obtain Shareholder approval prior to an issuance of securities in connection with (a) the acquisition of stock or assets of another company; (b) equity -basedcompensation of Executive Officers, Directors, employees or consultants; (c) a change of control; and (d) transactions other than public offerings. 13

THE OFFERING

| Offer Price:                                                         |     | We currently estimate that the initial public offering price will be between US$4.50 to US$5.50 per Class A Ordinary Share.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Class A Ordinary Shares being Offered by Us:                         |     | 4,444,445 Class A Ordinary Shares, excluding exercise of the over-allotment option discussed below, and 5,111,112 Class A Ordinary shares, assuming full exercise of the over-allotment option and assuming an offering price of US$5.0 per Class A Ordinary Share, the mid-point of the range provided on the cover of this prospectus.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Shares Outstanding Prior to Completion of this Offering: