Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 334

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 334
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 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   | ) |     | —             |     |     0.001 |
| 29 December 2020 |     |        20,000 |     | —       |     | —         |     | (20,000   | ) |     | —             |     |    25%FV* |

____________ *25% of the fair market value per share for a period of 3 months from the vesting date 2.7Income tax Income tax expense represents the sum of the tax currently payable and deferred tax. Current income tax for current and prior periods is recognized at the amount expected to be paid to or recovered from the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions, where appropriate, on the basis of amounts expected to be paid to the tax authorities. Deferred income tax is recognized for all temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements except when the deferred income tax arises from the initial recognition of an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. A deferred income tax liability is recognized on temporary differences arising on investments in subsidiaries, except where the Group is able to control the timing of the reversal of