Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 53

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 53
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Our financial results may fluctuate significantly and periodically, which may make our period-to-period results volatile and our future performance difficult to predict.

Our periodic financial results may fluctuate significantly in the future due to various reasons, many of
which we are unable to predict or are beyond our control. You should also take into account the risks and uncertainties frequently encountered by companies in rapidly evolving markets. Period-to-period comparison of operating results should not be
viewed as a reliable indicator of our future performance.

Our periodic financial results could be influenced by fluctuations in many
factors, including without limitation: level of market activity in our end markets including payments and hospitality; level of success for

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our growth and expansion strategies; development and introduction of new products or services by us or our competitors and the market reaction to such new products or services; our expense
levels, including expenses in sales, marketing, professional service or other operating expenses; the amount of available capital for investing in the market; fluctuations in currency exchange rates and changes in the proportion of our revenue and
expenses denominated in foreign currencies; general economic conditions and changes in prospect of the economy; legal or regulatory developments; accounting implications; and seasonal spending trends.

Our results of operations could fall below the expectations of public market analysts and investors, or experience significant fluctuations in
our financial results, any of which could cause the market price of our ADSs and/or other securities to fluctuate significantly.

Fluctuations in exchange rates could result in foreign currency exchange losses in our business.

A predominant portion of our revenues and costs
are denominated in NTD, and a significant portion of our assets are also denominated in NTD. As of September 30, 2024, over 99% of our revenue came from Taiwan. As we expect to expand further internationally, our revenues and costs may also
increasingly become denominated in other non-U.S. dollar foreign currencies in the future. Although our exposure to foreign currency risks should be limited in general, the reporting result of operations in the financial statements will be affected
by the exchange rates between U.S. dollars and other currencies, as we use U.S. dollars as the reporting currency. As of December 31, 2022 and 2023, foreign exchange gain (loss) (including realized and unrealized portions) amounted to US$(1,020,360)
and US$71,170, respectively. As of September 30, 2024 and 2023, foreign exchange gain (loss