Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 177

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 177
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 hospitality sector include OwlNest, our hotel PMS; and OwlJourney and OwlTing Experiences, which are OTA platforms for hotels and B&Bs and travel activities and experiences packages. In 2018, we introduced OwlNest as an innovative hotel management system that leverages blockchain technology, which now connects
more than 2,500 hospitality providers. By collecting real-time accurate inventory information, the OwlNest system also enables our OTA OwlJourney to display the most up-to-date inventory data to the end customers, providing unique
value add to both hospitality providers and end customers. In addition, our OwlTing Experiences, also an OTA, focuses on offering curated local activity and tour options for lodging guests, enriching their travel experiences beyond
accommodations. We also provided our self-branded offline platform service providing accommodation to travelers under OwlStay.

We also provide a suite of services to hospitality sector clients. Our offerings in OTA, payment, and PMS services help remove complex layers
of intermediaries for hospitality providers and provide an overall better experience for both buyers and sellers. Our extensive interaction with hospitality providers and current intermediaries also provides us with valuable market insight and
opportunities to discover and address client needs more quickly than legacy competitors such as channel managers and in-house PMS.

For OwlNest, we operate private self-hosted nodes with consensus mechanism as proof of authority (“PoA”). We take advantage
of the traceability of blockchain and flexibility of smart contract to store and manage data, even though our operations here do not involve digital assets. Our underlying blockchain nodes are configured using an open-source Ethereum client and
consensus protocol. We have control over the protocol on our private nodes, but do not make modifications to the protocol.

A. Hospitality-related software services: OwlNest

OwlNest provides hotel management services for our hospitality
providers operating hotel properties. It provides hoteliers with the tools they need to efficiently connect with OTAs, enhance their visibility on platforms such as Google Hotels, and streamline their operations. Different from other PMS providers,
OwlNest is a cloud-based solution providing integrated channel management solutions that use automated blockchain-based smart contracts and provide real-time inventory management and demand-adjusted pricing across all of the hotel’s
distribution channels, addressing the key pain point of double-booking for both providers and users of hotel and hospitality services. We also help design and provide the Booking Engine for OwlNestclients, a white label booking website that
facilit