Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 106

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 106
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 may not be able to send voting instructions to holders of our ADSs or carry out their voting instructions in a timely manner. We will make all reasonable efforts to cause the
depositary to extend voting rights to holders of our ADSs in a timely manner, but they may not receive the voting materials in time to ensure that they can instruct the depositary to vote the common shares underlying their ADSs. Furthermore, the
depositary and its agents will not be responsible for any failure to carry out any instructions to vote, for the manner in which any vote is cast or for the effect of any vote. As a result, holders of our ADSs may not be able to exercise their
rights to vote and they may lack recourse if the common shares underlying their ADSs are not voted as they requested.

70

The depositary for our ADSs will give us a discretionary proxy to vote our common shares underlying the ADSs if holders of these ADSs do not give voting instructions to the depositary, except in limited circumstances, which could adversely affect the interests of holders of our ADSs. Under the Deposit Agreement, the depositary will give us a discretionary proxy to vote the common shares underlying the ADSs at shareholders’ meetings if holders of these ADSs do not give voting instructions to the depositary, unless:

| • |     | [we have failed to timely provide the depositary with our notice of meeting; |

| • |     | the depositary has failed to timely provide holders of ADSs with a notice on vote and meeting and any 
 solicitation materials;                                                                               |

| • |     | we have informed the depositary that we do not wish such discretionary proxy to be given with respect to an 
 agenda;                                                                                                     |

| • |     | we have informed the depositary that there is substantial opposition existing with respect to such agenda; and |

| • |     | we have informed the depositary that such agenda, if approved, would materially and adversely affect the rights 
 of shareholders.]                                                                                               |

The effect of this discretionary proxy is that, if holders of our ADSs fail to give voting instructions to the depositary, they cannot prevent our common shares underlying their ADSs from being voted, absent the situations described above, and it may make it more difficult for shareholders to influence our management. Holders of our common shares are not subject to this discretionary proxy. Holders of our ADSs may be subject to limitations on transfer of their ADSs. ADSs are transferable on the books of the depositary