Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 128

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 128
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 Scheme Fund by the Singapore Government to provide transitional wage support for employers; (ii) Capital Construction Fund granted by the SG Innovate, designed to support entrepreneurial scientists to launch, prove, build, and scale deep tech innovations from Singapore to the world; and (iii) Enterprise Development Grant (EDG) Innovation & Productivity Grant by the Singapore Government to provide support for innovation projects. In addition, the Swisslog consideration adjustment represented deferred consideration adjustments due to unmet revenue targets, as specified in the Swisslog’s AGV business acquisition agreement with Swisslog Healthcare Holdings AG. Furthermore, the miscellaneous expense of US$35,996 primarily arose from the write -offof internally developed intangible assets. Government grants of approximately US$0.2 million for the year ended April 30, 2023 primarily represented (i) IRAS Progressive Wage Credit Scheme Fund by the Singapore Government to provide transitional wage support for employers; (ii) IRAS job growth incentive provided by the Singapore Government under the Job Support Scheme to stimulate employment growth; (iii) Grants provided by Infocomm Media Development Authority (“IMDA”) of Singapore to promote the innovation of AMR development; and (iv) P -MaxAssistance Grant under P -MaxProgram to help small and medium -sizedenterprises (SMEs) to better recruit, train, manage and retain their newly -hiredProfessionals, Managers, Executives and Technicians (PMETs). In addition, the Swisslog consideration adjustment represented deferred consideration adjustments due to unmet revenue targets, as specified in the Swisslog’s AGV business acquisition agreement with Swisslog Healthcare Holdings AG. Furthermore, miscellaneous income of US$36,821 represented other ancillary services income, which is not within the scope of revenue. The following table sets forth our other income, both in absolute amount and as a percentage of total revenues, for the six months ended October31, 2024 and 2023:

|                                |     | For the Six Months Ended Oct 31, |     |            |     |        |     |            |
|                                |     |                             2024 |     |            |     |   2023 |     |            |
|                                |     |                              US$ |     | % of total 
   revenues |     |    US$ |     | % of total 
   revenues |
| Government grants              |     |                           21,860 |     |        1.2 |     | 22,804 |     |