Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 361

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 361
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 on January 2, 2023 with interest rate of 24% and maturity date May 31, 2023; (2) outstanding loan balance due to Mr. Ling Ting Ming of S$6,829,935 (US$5,153,501) and S$5,302,596 (US$3,895,531), respectively, as of October 31, 2024, and April 30, 2024, for a loan of S$7,000,000 at an interest rate of 12% and no maturity date specified; (3) outstanding loan balance due to Mr. Ling Ting Ming of US$154,177 and US$0, respectively, as of October 31, 2024, and April 30, 2024, for a loan of US$140,000 at an interest rate of 12%, with funds received during the period from May 2, 2024 to July 19, 2024 and fully repaid by December 30, 2024; and (4) accrued interest reclassified from Ararrat Capital Pte. Ltd. during the six months ended October 31, 2024. The accrued interest due to Ararrat Capital Pte. Ltd. has an outstanding balance of US$1,103,749 as of April 30, 2024. The amount due to other related parties consists of outstanding loan balance due to Asian Prosperity Singapore Pte. Ltd. of S$384,620 (US$290,214) and S$296,410 (US$217,756), respectively, as of October 31, 2024 and April 30, 2024, for a loan of S$250,000 (US$195,955) which was entered into on April 27, 2023 at an interest rate of 6% and repayable June 27, 2023. (1)During the year, Otsaw Group sold goods and services to Swisslog Healthcare AG Branch Italy, Swisslog Healthcare AG Branch Netherlands, Swisslog UK, SAS Swisslog France and Activ Technology Group.

F-76

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED OCTOBER 31, 2024 AND 2023 19.Significant related party transactions (cont.) (2)During