Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 104

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1
Chunk 104
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debt, making payments for dividends on our common stock, or other business purposes, depreciation
of the Korean Won or other foreign currencies against the U.S. dollar would have a negative effect on the U.S. dollar amount
we would receive. Conversely, to the extent that we need to convert U.S. dollars into Korean Won for our operations, appreciation
of the Korean Won against the U.S. dollar would have an adverse effect on the Korean Won amount we would receive.

There are special risks involved with investing in Korean companies,
including the possibility of restrictions being imposed by the Korean government in emergency circumstances, accounting and corporate
disclosure standards that differ from those in other jurisdictions, and the risk of direct or vicarious criminal liability for executive
officers of our Korean affiliates.

OSR is a Korean company and operates in a business and cultural environment
that is different from that of other countries. For example, under the Foreign Exchange Transaction Act of Korea, if the Korean
government determines that in certain emergency circumstances, including sudden fluctuations in interest rates or exchange rates, extreme
difficulty in stabilizing the balance of payments or substantial disturbance in the Korean financial and capital markets are likely to
occur, it may impose any necessary restriction such as requiring Korean or foreign investors to obtain prior approval from the Minister
of Economy and Finance of Korea prior to entering into a capital markets transaction, repatriating interest, dividends or sales proceeds
arising from Korean securities or from the disposition of such securities or other transactions involving foreign exchange. Although investors
will hold shares of the Company Common Stock, its majority owned subsidiary, OSR, may experience adverse risks and in turn could adversely
impact the Company’s business, prospects, financial condition, and results of operations and could lead to a decline in the price
per share of its common stock.

In addition, under Korean law, there are circumstances in which certain
executive officers of a company may be investigated or held criminally liable either directly or vicariously for the actions of the company
and its executives and employees. For example, complaints alleging infringement of intellectual property rights, breaches of certain
Korean laws (e.g., labor standards laws and fair trade laws), and product-related claims may be investigated and prosecuted
as criminal offenses with both the company and the company’s executive officers being named as defendants in such proceedings.

54

As a result of these current and changing risks, OSR’ executive
officers may be named