Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 390

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 390
---
 |   |
| Interest paid                         |     |                |    (37,337 | ) |
| Total liability-related other changes |     |                |          — |   |
| Balance at the end of period          |     | $              |  4,292,469 |   |

NOTE 8. Other current liabilities

|                        |     | April 30, 2023 |             |
|:-----------------------|:----|:---------------|------------:|
| 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