Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1505

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 7
Chunk 1505
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 SEC’s web site at www.sec.gov.

100

Director Nominations 

We do not have a standing nominating committee though we formed a corporate
governance and nominating committee. In accordance with Rule 5605 of the Nasdaq rules, a majority of the independent directors may recommend
a director nominee for selection by the board of directors.

The board of directors believes that the independent directors can
satisfactorily carry out the responsibility of properly selecting or approving director nominees without the formation of a standing nominating
committee. The directors who will participate in the consideration and recommendation of director nominees are Mr. Park, Mr. Lee
and Mr. Kim. In accordance with Rule 5605 of the Nasdaq rules, all such directors are independent. As there is no standing nominating
committee, we do not have a nominating committee charter in place.

The board of directors will also consider director candidates recommended
for nomination by our stockholders during such times as they are seeking proposed nominees to stand for election at the next annual meeting
of stockholders (or, if applicable, a special meeting of stockholders). Our stockholders that wish to nominate a director for election
to our board of directors should follow the procedures set forth in our bylaws.

We have not formally established any specific, minimum qualifications
that must be met or skills that are necessary for directors to possess. In general, in identifying and evaluating nominees for director,
the board of directors considers educational background, diversity of professional experience, knowledge of our business, integrity, professional
reputation, independence, wisdom, and the ability to represent the best interests of our stockholders.

Code of Ethics 

The Company adopted a code of ethics that applies to all of its employees,
officers and directors, including its principal executive officer, principal financial officer, principal accounting officer or controller
or persons performing similar functions. The Company intends to disclose future amendments to its code of business conduct and ethics,
or any waivers of such code, on its website.

Insider Trading Policy

Subsequent to the consummation of the Initial Public Offering, the
Company adopted an insider trading policy which requires insiders to (i) refrain from purchasing shares during certain blackout periods
and when they are in possession of any material non-public information and (ii) to clear all trades with the Company’s
legal counsel or compliance officer prior to execution. In addition, the Company’s Sponsor and any other holders of the Company’s
common stock prior to the Initial Public