Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 308

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 308
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, “Financial Instruments: Presentation”, because the Company does not have the unconditional right to avoid settling the contract in cash or in another way that it would be a financial liability, the SAFE is accounted for as a liability. Because of its complex features, it is measured at fair value through profit or loss according to IFRS 9. The fair value of the SAFE will be remeasured at the end of each reporting period with any change to fair value recorded within financial expenses in the statements of profit or loss. The fair value of the SAFE at initial recognition equals the transaction price. As of December 31, 2023 and 2022, the fair values of the SAFEs, based on a valuation prepared by a third-party valuation specialists, were $1,707,248 and $1,433,555, respectively. The Company recognized a loss on financial liabilities at fair value through profit or loss of $143,693 and $63,555 for the years ended December 31, 2023 and 2022, respectively. F-31

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued)

| NOTE 15. | Preference share liabilities |

|                                          |     |   | December 31, 
         2023 |   |     |     | December 31, 
         2022 |   |
|:-----------------------------------------|:----|:--|-------------:|:--|:----|:----|-------------:|:--|
| Preference share liabilities             |     | $ |    2,067,326 |   |     |     |    2,025,945 |   |
| Less: current portion                    |     |   |     (101,592 | ) |     |     |   (2,025,945 | ) |
| Non-current preference share liabilities |     | $ |    1,965,734 |   |     |     |            — |   |

The Company has issued a total of 1,000,000 preference shares (“Class A Preferred Shares”), with a par value of $0.001, subscribed by the National Development Fund Management Committee of the Executive Yuan (the “Investor”), which was approved by the resolution of the shareholders’ meeting on June 8, 2020. The subscription price for Class A Preferred Shares was New Taiwan Dollar (NT$) 60 per share (approximately $2.03), with a total investment amount