Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 41

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 to be in effect upon completion of the
Business Combination. Specifically:

    3A:
    Name
    Change – To change the Company name to “OSR Holdings, Inc.”

    3B:
    Preferred
    Stock – To increase the number of shares of preferred stock that can be issued from 1,000,000 shares to
    20,000,000 shares.

    3C:
    Increase
    Vote Required for Removal of Directors – To provide that directors may be removed by the affirmative vote
    of the holders of at least 66 2/3% of the voting power instead of for cause and by the affirmative vote of holders of a majority
    of the voting power.

    3D:
    Corporate
    Opportunity – To eliminate the current limitations on the corporate opportunity doctrine.

    3E:
    Change
    in Quorum – To provide that the quorum required for stockholder meetings is the holders of one-third in voting power
    of then outstanding shares of capital stock entitled to vote at the meeting instead of the holders of a majority in voting power
    of then outstanding shares of capital stock entitled to vote at the meeting.

    3F:
    Additional
    Charter Amendments – To approve all other changes including eliminating certain provisions related to special purpose
    acquisition companies that will no longer be relevant following the closing of the Business Combination.

Proposal
No. 4 – The Incentive Plan Proposal

The
Shareholders approved the proposal to adopt the new omnibus incentive plan in the form attached as Annex H to the Proxy
Statement.

Proposal
No. 5 – The Director Election Proposal

The
Shareholders approved the proposal to elect nine (9) individuals as directors of the Company following the closing of the Business Combination
until their respective successors are duly elected and qualified.

1.Kuk
Hyoun Hwang

2.Jun
Chul Whang

3.Phil
Geon Lee

4.Alcide
Barberis

5.Seng
Chin Mah

6.Jin
Whan Park

7.Sang
Hyun Kim

8.Hyuk
Joo Jee

9.Joong
Myung Cho

27

Proposal
No. 6 – The Nasdaq Proposal

The
Shareholders approved the proposal to approve, for purposes of complying with the applicable listing rules of the Nasdaq Stock Market
LL