Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 312

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 312
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 Healthcare AG Branch Germany, Swisslog Healthcare AG Branch Netherlands and Swisslog Healthcare GmbH. (2)Deferred consideration with Swisslog Healthcare Holding AG for the acquisition of Swisslog assets acquisition. Amounts due to related parties, and director are interest free, unsecured, repayable upon demand, and to be settled in cash. Related parties are entities with common direct or indirect shareholder and/or director or management. It is related party if one party has the ability to control the other party or exercise significant influence over the other party in making financial or operating decisions. Trade payables and other payables are denominated in the following currencies:

|                       |     |      2024 |     |      2023 |
|                       |     |       USD |     |       USD |
| Singapore dollars     |     | 2,971,361 |     | 1,530,025 |
| United States dollars |     |   742,359 |     |   982,946 |
| Euro                  |     |   920,120 |     | 1,311,334 |
|                       |     | 4,633,840 |     | 3,824,305 |

19.The Group as a lessee The Group head office leases office premise in Singapore under a 3 -yearlease arrangement and office equipment under a 3 -yearlease agreement. In Germany, the Group leases office premises under a 53 -monthlease agreement. In US, the Group leases office premises under a 37 -monthlease agreement. Lease payments are made in advance at the beginning of each month during the term of tenancy. Extension options The Group has lease contracts with extension options exercisable up to 3 years before the end of the non -cancellablecontract period. These extension options are exercisable by the Group and not by the lessors. The extension options are used by the Group to provide operation flexibility in terms of managing the assets used in the Group’s operation.

F-32

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 19.The Group as a lessee (cont.) Recognition exemptions The Group has certain office equipment and office premises with lease terms of 12 months or less. For such leases, the Group has elected not to recognise right -of -useassets and lease liabilities. (a)Right-of-use assets The carrying amount of right -of