Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 132

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 132
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 condition and results of operations. We are exposed to floating interest rate risk on bank deposits, particularly during periods when the interest rate is expected to have significant changes. Nevertheless, given the amounts of bank deposits in question, we consider our interest rate risk to be not material, and we have not used any derivatives to manage or hedge our interest rate risk exposure. Off-Balance Sheet Commitments and Arrangements We have not entered into any off -balancesheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors. Commitments and Contingencies The following table summarizes our operating lease commitment as of April 30, 2024:

|                            |     |        Less 
 than 1 year |     |     Between 
 1 – 2 years |     |     Between 
 2 – 3 years |     |     Between 
 3 – 4 years |     |   Total |
|                            |     |         US$ |     |         US$ |     |         US$ |     |         US$ |     |     US$ |
| Operating lease commitment |     |     254,306 |     |     139,486 |     |      95,784 |     |      20,348 |     | 509,924 |
| Total                      |     |     254,306 |     |     139,486 |     |      95,784 |     |      20,348 |     | 509,924 |

83 Other than as shown above, we did not have any significant financial and capital commitments, long -termobligations, or guarantees as of April 30, 2024 and 2023. As of April 30, 2024 and 2023, we were not a party to any legal or administrative proceedings. In addition, there were no legal or regulatory proceedings, either individually or in the aggregate, which could have resulted in an unfavorable outcome with a material adverse effect on our results of operations, consolidated financial condition, or cash flows. As of the date of this prospectus, we did not have any loss contingencies which are required to be recognized or disclosed in our consolidated financial statements. Seasonality The nature of our business does not appear to be affected by seasonal variations. We may experience fluctuations in demand due to heightened or weakened economic conditions, geopolitical events