Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 2150

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 9C
Chunk 2150
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Cho, Mr. Park and Mr. Jee with
Mr. Lee serving as the chairperson. Each member of this committee meets the requirements for independence under the current Nasdaq
listing standards. The Company’s corporate governance and nomination committee will be responsible for, among other things:

●determining the qualifications, qualities, skills and other
expertise required to be a director of the Company, and developing and recommending to the Board for approval criteria to be considered
in selecting nominees for director;

●identifying, reviewing and making recommendations of candidates
to serve on the Board, including incumbent directors for reelection;

●evaluating the performance of the Board, committees of the
Board and individual directors and determining whether continued service on the Board is appropriate;

●periodically reviewing and making recommendations to the
Board regarding the Company’s process for stockholder communications with the Board, and making such recommendations to the Board
with respect thereto;

●evaluating nominations by stockholders of candidates for
election to the Company Board;

●evaluating the structure and organization of the Board and
its committees and making recommendations to the Board for approvals;

●periodically reviewing the Company’s corporate governance
guidelines and code of business conduct and ethics and recommending to the Board any changes to such policies and principles;

●reviewing periodically the nominating and corporate governance
committee charter and recommending any proposed changes to the Board, including undertaking an annual review of its own performance.

Our Corporate Governance and Nomination Committee Charter is included
as an exhibit to this Annual Report on Form 10-K. You can also review the Compensation Committee Charter by accessing our public filings
at the SEC’s web site at www.sec.gov.

100

Director Nominations 

We do not have a standing nominating committee though we formed a corporate
governance and nominating committee. In accordance with Rule 5605 of the Nasdaq rules, a majority of the independent directors may recommend
a director nominee for selection by the board of directors.

The board of directors believes that the independent directors can
satisfactorily carry out the responsibility of properly selecting or approving director nominees without the formation of a standing nominating
committee. The directors who will participate in the consideration and recommendation of director nominees are Mr. Park, Mr. Lee
and Mr. Kim. In accordance with Rule 5605 of the Nasdaq rules, all such directors are independent. As there is no standing nominating
committee, we do not have a nominating committee charter in