Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 301

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 301
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 Netherlands, Swisslog Healthcare AG Branch Germany, Swisslog Healthcare GmbH, Swisslog UK, SAS Swisslog France and Swisslog Healthcare Asia Pacific Pte Ltd are the related party of Otsaw Group. Director and CEO of Otsaw Limited is the director and shareholder of Activ Technology (S.H) Limited, Activ Technology (H.K.) Limited, Activ Technology Pte Ltd, SG Networks Pte Ltd and Ararrat Capital Pte Ltd. Meyzer Management Advisory Pte Ltd and Meyzer Business Advisory Pte Ltd are owned by one of the directors. Serial System International Pte Ltd holds 15.7% shareholding of Otsaw Limited. Serial System International Pte Ltd, Asian Prosperity Singapore Pte Ltd and Serial Microelectronics Pte Ltd are the group of companies held by Serial Ltd. Therefore, Asian Prosperity Singapore Pte Ltd and Serial Microelectronics Pte Ltd are the related parties of Otsaw Group.

F-35

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 21.Significant related party transactions (cont.) Compensation of directors and key management personnel The remuneration of directors and other members of key management during the financial year was as follows:

|                              |     |    2024 |     |    2023 |
|                              |     |     USD |     |     USD |
| Short-term employee benefits |     | 196,849 |     | 205,673 |
| Post-employment benefits     |     |   9,666 |     |   8,927 |
| Total                        |     | 206,515 |     | 214,600 |

22.Financial instruments and financial risks The Group’s activities expose it to credit risk, market risks (including foreign currency risk) and liquidity risk. The Group’s overall risk management strategy seeks to minimise adverse effects from the volatility of financial markets on the Group’s financial performance. The Board of Directors is responsible for setting the objectives and underlying principles of financial risk management for the Group. The management then establishes the detailed policies such as authority levels, oversight responsibilities, risk identification and measurement, exposure limits and hedging strategies, in accordance with the objectives and underlying principles approved by the Board of Directors. There have been no changes to the Group’s exposure to these financial risks or the manner in which it manages and measures the risk. Market risk exposures are measured