Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 295

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 295
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 FINANCIAL YEAR ENDED 30 APRIL 2024 2.Summary of significant accounting policies (cont.) 2.7Employee leave entitlements Employee entitlements to annual leave are recognised when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by employees up to the end of the financial year. 2.8Employee Stock Ownership Plan The Otsaw Share Option Plan 1 (the “Plan 1”) for key management personnel and employees of the Group was approved by the shareholders on 22 May 2018. As part of the reorganisation of the group, the Otsaw Digital Pte Ltd employee stock ownership plan lapsed during the year. On 22 May 2018 (the “Date of Grant”), the Otsaw Digital Pte Ltd, granted 130,000share options under the Plan 1 to its employees, an aggregate number of 60,000share options has been granted to its employees subsequently on the grant date, 1 October 2019 and 1 July 2020 respectively. As of the financial year end, 0 Option Shares (unvested and unissued) remain outstanding. On 29 December 2020, the Group has adopted the Share Options Plan 2 (the “Plan 2”), the Company has granted 20,000share options under the Plan 2 to its employees. All options lapsed during the year.

| Date of grant    |     | Balance as at 
         1 May 
          2023 |     | Granted |     | Exercised |     | Lapsed or 
 expired   |   |     | Balance as at 
 30 April      
 2024          |     |  Exercise 
 price per 
     share 
      (S$) |
| 22 May 2018      |     |       130,000 |     | —       |     | —         |     | (130,000  | ) |     | —             |     |     0.001 |
| 1 October 2019   |     |        20,000 |     | —       |     | —         |     | (20,000   | ) |     | —             |     |     0.001 |
| 1 July 2020      |     |        40,000 |     | —       |     | —         |     | (40,000   | ) |     |