Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 284

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 284
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OSR
HOLDINGS, INC.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

March 31,
2025 and 2024

(UNAUDITED)

(1)Organization and nature of business

 The condensed consolidated financial
statements of OSR Holdings, Inc. (the “Company” or the “Parent”) and its subsidiaries (collectively, the “Group”)
for the period ended March 31, 2025 were authorized for issuance in accordance with a resolution of the directors meeting on May 7, 2025.
The registered office is located at 37-36 Hoedong-gil, Paju-si, Gyeongi-do, Republic of Korea.

 The Company is a global life sciences
holding company based in South Korea and is actively engaging in drug development, dedicating to advance healthcare outcome and driving
social progress. Through open innovation and responsible investment, the Company aims to make a lasting impact across the industry as
well as our society. With a strong focus on oncology and immunology, the Company’s mission is to build a robust portfolio of ventures,
bringing innovative and transformative therapies to market.

Details
of shareholders as of March 31, 2025 are as follows:

    Name of Shareholder 
    Number of
 ordinary share  
    Percentage of
 ownership 
  
    Bellevue Global Life Sciences Investors LLC 
     1,332,500  
     6.91%
  
    Bellevue Capital Management Europe AG 
     8,612,634  
     44.68%
  
    Bellevue Capital Management LLC 
     3,123,970  
     16.21%
  
    Duksung Co.,Ltd. 
     1,420,215  
     7.37%
  
    Others 
     4,787,659  
     25.68%
  
    Total 
     19,276,978  
     100.00%

Details
of investments in subsidiaries as of March 31, 2025 are as follows:

  Name of subsidiary  Share capital   Percentage of ownership   Principal activities  Country of 
incorporation  VAXIMM AG (“VAXIMM”)   1,091,203,754    100.00%  Biotech (drug development)  Switzerland  RMC Co., Ltd. (“RMC”)   35,000,000