Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 311

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 311
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 right to require Otsaw to purchase Swisslog Healthcare’s 40% interest in the Otsaw -SwisslogJV pursuant to the put and call arrangement. The call option gives Otsaw the right to purchase Swisslog Healthcare’s interest in the Otsaw -SwisslogJV pursuant to the put and call arrangement. As at January20, 2025, following the exercise of options relating to the Swisslog asset acquisition, Otsaw Swisslog Healthcare Robotics Pte. Ltd. is 100% owned by Otsaw Technology Solutions Pte. Ltd., which is headquartered and incorporated in Singapore. Accounting of the Acquisition of Assets In November 2021, as a result of the above Otsaw -SwisslogJV arrangement, Otsaw Technology Solutions Pte Ltd recorded Intangible Assets that were acquired from Swisslog Healthcare. Total purchase consideration was USD 5,031,632. It consists of cash USD 1,077,281 (S$1.5 million), 36,613 ordinary share of Otsaw Technology Solutions Pte Ltd USD 2,238,590, ordinary share of Otsaw Swisslog Healthcare Robotics Pte Ltd USD 2,889 and deferred consideration USD1,594,699 (a 40% ownership). In January 2023, a deferred consideration payment of USD 97,002 and a consideration adjustment of USD486,468 were made due to revenue targets not met, resulting in recognising other income of the said amount. In January 2024, a deferred consideration payment of USD 335,648 and a consideration adjustment of USD 259,875 were made due to revenue targets not met, resulting in recognising other income of the said amount. The carrying amount of the acquired intangible assets as at April 30, 2024 was USD 3,189,072 (2023: USD 3,970,625).

|                        |     |      2024 |     |      2023 |
|                        |     |       USD |     |       USD |
| Favourable rights      |     |    73,281 |     |   202,961 |
| Contract backlogs      |     |         — |     |   113,508 |
| Customer relationships |     | 2,484,694 |     | 2,869,690 |
| Intellectual property  |     |   631,097 |     |   784,466 |
| Total (Note 11