Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 102

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 102
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5. This loan has an interest rate of 16% and maturity date of 3months but has since been extended to mature on September27, 2025. As of the date of the prospectus, the outstanding amount is S$479,140 (US$375,560) and only the second loan is due to be paid upon listing of our Class A Ordinary Shares on Nasdaq; and (iii)a loan made by Asian Prosperity Singapore Pte. Ltd. in connection with working capital requirements of the Company, which as of October31, 2024 and as of the date of this prospectus, had an outstanding balance of S$384,620 (US$290,214) and S$576,925 (US$452,207) respectively. The loan has an interest rate of 6% and currently is due on demand and is due to be paid upon listing of our Class A Ordinary Shares on Nasdaq. If the Underwriters exercise its over -allotmentoption in full, after deducting the underwriting discount and estimated offering expenses payable by us, we expect to receive an additional net proceeds of approximately US$3,066,668. We will use the additional proceeds for working capital purposes. The foregoing represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of this offering. Our management, however, will have some flexibility and discretion to apply the net proceeds of this offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of this offering differently than as described in this prospectus. To the extent that the net proceeds we receive from this offering are not imminently used for the above purposes, we intend to invest in short -term, interest -bearingbank deposits or debt instruments. We are exploring collaborations with regional distributors and technology partners and are in the process of identifying targets for acquisition, strategic alliances and joint ventures. We do not have any specific plans or targets as of the date of this prospectus.

55 DIVIDEND POLICY We have never declared or paid any cash dividends on our Class A Ordinary Shares. We anticipate that we will retain any earnings to support operations and to finance the growth and development of our business. Therefore, we do not expect to pay cash dividends in the foreseeable future. Any future determination relating to our dividend policy will be made at the discretion of our board of directors and will depend on a number of factors, including future earnings, capital requirements, financial conditions and future prospects and other factors