Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 314

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 314
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 $    |     (6,729 | ) |     |      |          — |   |

| (b) | Unrecognized deferred tax assets |

Gross amount of deferred tax assets have not been recognized in respect of the following items.

|                                                |     |   | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:-----------------------------------------------|:----|:--|-------------:|:----|:----|-------------:|
| Tax effect of deductible temporary differences |     | $ |      137,458 |     |     |      152,995 |
| Unused tax loss carryforward                   |     |   |    7,181,230 |     |     |    6,026,004 |
| Total                                          |     | $ |    7,318,688 |     |     |    6,178,999 |

The Income Tax Act of Taiwan (R.O.C.) and Japan allow net losses, as assessed by each respective tax authority, to offset taxable income over a period of ten years for local tax reporting purposes. Whereas, tax losses can be carried forward indefinitely in Hong Kong. Federal tax losses in the United States can be carried forward indefinitely and state tax losses will expire in various years from 10~20 years. Deferred tax assets have not been recognized in respect of these items because it is not probable that future taxable profit will be available against which the deductible temporary differences can be utilized. As of December 31, 2023, the expiration period for aforementioned unused loss carryforwards for statutory tax were as follows:

| Jurisdiction  |     | Unused tax loss |            |     | Expiration Year        |
|:--------------|:----|:----------------|-----------:|:----|:-----------------------|
| Taiwan        |     | $               | 32,071,024 |     | 2024~2033              |
| Japan         |     |                 |    567,855 |     | 2024~2033              |
| Hong Kong     |     |                 |    213,839 |     | Indefinite Period      |
| United States |     |                 |  2,204,763 |     | 2036~Indefinite Period |

The trend of profitability of the Company was not fully stabilized as of December 31, 2023. The remaining $7,181,230 of the tax losses were not recognized as deferred