Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 178

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 178
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 markets in compliance with local regulatory regimes, we have obtained and are continuing our efforts
to obtain licenses in various jurisdictions. We have obtained MSB registration with the U.S. federal government, MTLs from a total of 30 states in the United States and the VASP registration in Poland, and are in the process of applying for and
obtaining additional relevant licenses in jurisdictions including the United States, Japan, Singapore and Hong Kong.

Our Current Products and Services

Since our founding, we have developed, and are continuing to develop and deploy, a range of technology products and services,
including through blockchain technology, to meet the needs of specific business sectors and to address the common challenges faced by our customers. Our e-commerce platform empowers local merchants and
continues to meet the needs of SMEs in our target markets. We manage a suite of products and services tailored to the needs of the hospitality industry. We are developing financial technology products and services for our customers who require
cross-border payment solutions.

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Payment Products and Services

OwlPay offers a comprehensive suite of features designed to streamline and facilitate cross-border payments for both business and
individual customers. OwlPay aims to provide a one-stop solution to upgrade the current payment infrastructure to the Web3 ecosystem. We are continuously building up the banking network in the
jurisdictions where we have obtained relevant licenses to enable payments through fiat currency, as well as through stablecoin – a cheaper, faster, more transparent way to do cross-border payment.

Within our payment business our main source of revenue is expected to come from cross-border transactions. In cross-border transactions, in
addition to charging fixed-amount, per-transaction handling fees, we also charge percentage-based transaction fees for foreign exchange conversion and conversion between stablecoin and fiat currency. We also generate revenue from our payment gateway
services where we charge transaction fees from e-commerce platforms based on the amount transacted. Additionally, we generate revenue from our hosted wallet services, consisting of initial setup fees and
monthly maintenance fees. As of 2023, the transactions we helped process had been substantially conducted via fiat currency, and we are further rolling out and expanding our payment platform services with other settlement routes including via
stablecoin. The following is a list of our payment solutions.

A. Payment Gateway Services

In May 2023, we enhanced our payments-related offerings by acquiring PayNow, a prominent Taiwanese payment gateway service provider. By
integrating PayNow’s payment gateway service capabilities, OwlPayoffers an embedded payment