Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 908

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 908
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0.5000 |   |     | 1.5000 |   |     |  2.5000 |   |     | 3.5000 |   |     | 4.5000 |   |     | 5.5000 |   |     | 6.5000 |   |     | 7.5000 |   |     | 8.5000 |   |
| PV Factor            |     |         |     |      |     |      |     |      |     |      |     |      |     | 0.9241 |   |     | 0.7893 |   |     |  0.6741 |   |     | 0.5757 |   |     | 0.4917 |   |     | 0.4199 |   |     | 0.3586 |   |     | 0.3063 |   |     | 0.2616 |   |
| Present Value of FCF |     |         |     |      |     |      |     |      |     |      |     |      |     | (7,146 | ) |     | (6,766 | ) |     | (11,611 | ) |     | (5,434 | ) |     | (3,910 | ) |     |  1,098 |   |     | 13,470 |   |     |  9,183 |   |     |    620 |   |
| rNet Present Value   |     | 104,147 |     |      |     |      |     |      |     |      |     |      |     |        |   |     |        |   |     |         |   |     |        |   |     |        |   |     |        |   |     |        |   |     |        |   |     |        |   |

Annex I-26

Estimating Future Cash Flows to Calculate Enterprise Value Darnatein Co., Ltd.
DRT 101 (Osteoarthritis) - 2/3

| Currency: USD k      |     |         |     |   FY33 |   |     |    FY34 |   |     |    FY35 |   |     |    FY36 |   |     |    FY37 |   |     |    FY38 |   |     |