Company: OSRH
Filing Date: 2025-02-13
Form Type: 425
Source: 0001213900-25-013502
Chunk: 3

Company: OSR Holdings, Inc.
Filing Date: 2025-02-13
Form: 425
Chunk 3
---
/3% of the voting power instead of for cause and by the affirmative vote of holders of 
 a majority of the voting power.                                                            |

| FOR       |     | AGAINST |     | ABSTAIN |
| 2,175,065 |     |   4,318 |     | --      |

| 3D: | Corporate Opportunity – To eliminate the current limitations 
 on the corporate opportunity doctrine.                       |

| FOR       |     | AGAINST |     | ABSTAIN |
| 2,179,383 |     | --      |     | --      |

| 3E: | Change in Quorum – To provide that the quorum required                                           
 for stockholder meetings is the holders of one-third in voting power of the then outstanding     
 shares of capital stock entitled to vote at the meeting instead of the holders of a majority     
 in voting power of the then outstanding shares of capital stock entitled to vote at the meeting. |

| FOR       |     | AGAINST |     | ABSTAIN |
| 2,175,065 |     |   4,318 |     | --      |

| 3F: | Additional Charter Amendments – To approve all other                                              
 changes including eliminating certain provisions related to special purpose acquisition companies 
 that will no longer be relevant following the closing of the Business Combination.                |

| FOR       |     | AGAINST |     | ABSTAIN |
| 2,175,065 |     |   4,318 |     | --      |

Proposal No. 4 – The Incentive Plan Proposal

A proposal to adopt the new omnibus incentive plan in the form attached
as Annex H to the Proxy Statement.

| FOR       |     | AGAINST |     | ABSTAIN |
| 2,175,065 |     |   4,318 |     | --      |

Proposal No. 5 – The Director Election Proposal

A proposal to elect nine (9) individuals as directors of BLAC following
the closing of the Business Combination until their respective successors are duly elected and qualified.

1. Kuk Hyoun Hwang

| FOR       |     | WITHHOLD |
| 2,175,065 |     |    4,318 |

2. Jun Chul Whang

| FOR       |     | WITHHOLD |
| 2,175,065 |     |    4,318 |

3. Phil Geon Lee

| FOR       |     | WITHHOLD