Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 624

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 624
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 recognized immediately in profit or loss to the extent that it eliminates the impairment loss which has been recognized for the asset in prior years. Any increase in excess of this amount is treated as a revaluation increase. 2.12 Lease At the inception of a contract, the Group assesses whether the contract is, or contains, a lease considering if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Consolidated Entity applies the following practical expedients in applying IFRS 16: •For contracts prior to January1, 2019, the date of initial application, no re -judgmentis made as to whether the contract is or contains a lease on the date of initial application. •The exemption rule for not recognizing right -of -useassets and lease liabilities applies to leases with a lease period of 12 months or less, or leases of low -valueassets. •Excluding direct lease opening costs from the right -of -useasset measurement at the date of initial application. •If the contract includes options to extend or terminate the lease, use hindsight when determining the lease term. Right-of -use assets The Group recognizes right -of -useassets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right -of -useassets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right -of -useassets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date, less any lease incentives received. Right -of -useassets are depreciated on a straight -linebasis over the shorter of the lease term and the estimated useful lives of the assets, as follows:

|              |     | Estimated    
 useful       
 lives        |
| Right-of-use |     | 1~3.75 years |

Unless the Group is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the recognized right -of -useassets are depreciated on a straight -linebasis over the shorter of its estimated useful life and the lease term. Right -of -useassets are subject to impairment.

F-65

2. Significant accounting policies (cont.) Lease liabilities At the commencement date of the lease, the Group recognizes lease liabilities at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including