Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 386

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 386
---
------------:|
| Receipts under custody |     | $              | 286,384,516 |

Receipts under custody included payments received from customer payment transaction. NOTE 9. Employee benefits Defined contribution plan: The Company contributes 6% of each employee’s monthly wages to the labor pension personal account at the Bureau of Labor Insurance in accordance with the provisions of the Labor Pension Act. Under these defined contribution plans, the Company is not required to bear the regulated or putative obligation subsequent to the payment of fixed-rate contribution. The pension costs incurred from the contributions to the Bureau of Labor Insurance amounted to $236,372 for the four months ended April 30, 2023. NOTE 10. Equity

| (a) | Share capital |

|                                        |     | April 30, 2023 |            |
|:---------------------------------------|:----|:---------------|-----------:|
| Number of shares authorized            |     |                |  1,600,000 |
| Share capital authorized               |     | $              | 16,000,000 |
| Number of shares issued and fully paid |     |                |  1,600,000 |
| Share capital issued                   |     | $              | 16,000,000 |

As of April 30, 2023, the Company’s government registered total authorized capital amounted to $16,000,000, with $10 par value per share, and 1,600,000 of shares were issued. All issued shares were paid-upupon issuance. F-121

PayNow Inc. Notes to the Financial Statements (Continued)

| (b) | Retained earnings and legal reserve |

Pursuant to the Company’s Articles of Incorporation, the Company’s current year earnings, if any, shall be used to first pay all taxes, offset prior years’ deficits, and then appropriate 10% as legal reserves, unless the legal reserve reaches the amount of the Company’s paid-incapital. The distribution of residual earnings together with any undistributed retained earnings at the beginning shall be proposed by the Board of Directors and resolved at the shareholders’ meeting. NOTE 11. Income taxes Reconciliation of the expected income tax expense computed based on the statutory income tax rate of 20% compared with the actual income tax expense as reported in the statement of profit or loss is as follows:

|                                                      |     | For the four   
 months ended   
 April 30, 2023 |           |
|:-----------------------------------------------------|:----|