Company: OSRH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076461
Chunk: 32

Company: OSR Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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4, the outstanding balance was $408,163 (0% interest rate at December 31, 2024), which mature
on various dates in 2025.

Details of convertible bonds issued on May 6, 2025 and
outstanding as of June 20, 2025 are as follows:

   Classification   Details  Par value   USD 1,110,000  Stated interest rate   5%  Guaranteed yield upon conversion   -  Exercise price adjustments   Issuance of new shares for consideration (paid-in capital increase), stock dividends and capitalization of reserves, mergers, capital reduction, stock split and consolidation, reduction of capital and stock consolidation, etc.  Conversion condition   Variable Conversion Price. At any time, and from time to time, the Holder may utilize the Variable Conversion Price for conversions of this Note into Common Stock. The Variable Conversion Price shall be a rate per share equal to 95% multiplied by the Market Price (as defined herein) (representing a discount rate of 5%) (the “Variable Conversion Price”). “Market Price” means the lowest daily VWAP of the Common Stock during the fifteen (15) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means the lowest volume-weighted average daily price as reported on the principal securities exchange or trading market where such security is quoted, listed or traded or, if no trading price of such security is available in any of the foregoing manners, the average of the trading prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the NASDAQ stock market or on the principal securities exchange or other securities market on which the Common Stock is then being quoted or traded. 

The conversion right on the above convertible bonds is
classified as other financial liabilities.

21

(17)
Long-term debt

The Group has long-term debt agreements
with individuals and as of December 31, 2024, the total outstanding balance was $497,615 (4.6% interest rate at December 31, 2024), which
matures in 2030.

(18)
Post-employment benefits

The Group maintains a defined contribution
retirement benefit plan for its employees. The Group is obligated to pay fixed contributions to an independent fund, and the amount of
future retirement benefits to be paid