Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 70

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 70
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 or to adapt to evolving regulatory landscapes in the EU, could materially and adversely impact our business, financial condition, and results of operations in the European market. We have applied for CE certification for TransCar 5.0 and our application is currently under design review. We expect to complete the CE certification process and acquire CE certification for TransCar 5.0 by the second quarter of 2026. We intend to obtain UL and FCC certifications in the United States for TransCar 5.0 after CE certification has been obtained. We have not initiated the regulatory certification process for any of our other product lines at this time. There can be no assurance that we will receive CE, UL or FCC certification for TransCar 5.0 or our other products as and when we commence the certification process, or that we will receive such certifications within our expected timeline, if at all. Failure to obtain these certifications may impact our ability to market and sell TransCar 5.0 or our other products in the United States and Europe and could materially affect our business, financial condition and results of operations. From time to time, we may become involved in legal proceedings, which could have a material adverse effect on our business, operating results, or financial condition. We may, from time to time in the future, become subject to legal proceedings, claims, litigation and government investigations or inquiries, which could be expensive, lengthy, and disruptive to normal business operations. In addition, the outcome of any legal proceedings, claims, litigation, investigations or inquiries may be difficult to predict and could have a material adverse effect on our business, operating results, or financial condition. We are exposed to foreign exchange risk arising from various currency exposures. Fluctuations in foreign currency exchange rates will affect our financial results. The substantial majority of our operations are in Singapore, while our overseas sales and procurement are incurred in multiple jurisdictions, including Southeast Asia countries, Europe, countries in the GCC, United Kingdom, United States, and Australia, which exposes us to the effects of fluctuations in currency exchange rates. Fluctuations 37 in foreign currency exchange rates will affect our financial results. The exchange rates between various currencies that we use in recent years has fluctuated significantly and may continue to do so in the future. Fluctuations in the exchange rates between these currencies could result in expenses being higher and revenue being lower than would be the case if exchange rates were stable. Our entities operate using their respective functional currencies. For our Singapore entities, the functional currency is the Singapore dollar (SGD),