Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 282

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 282
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 financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

| /s/ Prager Metis CPAs LLC                           |
| We have served as the Company’s auditor since 2022. |
| Hackensack, New Jersey                              |

October23, 2024, except for the effects of the matters discussed in Note 1 (Correction of Immaterial Misstatement) which is as of March26, 2025, and Note 27 (2025 Reverse Share Split) which is as of July 7, 2025.

F-2

OTSAW LIMITED AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

|                                                    |     | Notes |     |   April 30, 
        2024 |   |     |   April 30, 
        2023 |   |
|:---------------------------------------------------|:----|------:|:----|------------:|:--|:----|------------:|:--|
|                                                    |     |       |     |         USD |   |     |         USD |   |
| ASSETS                                             |     |       |     |             |   |     |             |   |
| Non-current assets                                 |     |       |     |             |   |     |             |   |
| Property, plant and equipment                      |     |    10 |     |   1,217,149 |   |     |   1,592,379 |   |
| Intangible assets                                  |     |    11 |     |   3,326,859 |   |     |   4,028,429 |   |
| Trade and other receivables                        |     |    13 |     |      74,746 |   |     |      92,943 |   |
| Total non-current assets                           |     |       |     |   4,618,754 |   |     |   5,713,751 |   |
| Current assets                                     |     |       |     |             |   |     |             |   |
| Inventories                                        |     |    12 |     |     205,770 |   |     |     657,504 |   |
| Trade and other receivables                        |     |    13 |