Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 355

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 355
---
 not met, resulting in recognising other income of the said amount. In January 2024, a deferred consideration payment of USD 335,648 and a consideration adjustment of USD 259,875 were made due to revenue targets not met, resulting in recognising other income of the said amount. The carrying amount of the acquired intangible assets as at October 31, 2024 was USD 2,971,968 (April 30, 2024: USD 3,189,072).

|                        |     | October 31, 
        2024 |     | April 30, 
      2024 |
|:-----------------------|:----|------------:|:----|----------:|
|                        |     |         USD |     |       USD |
| Favourable rights      |     |      10,752 |     |    73,281 |
| Customer relationships |     |   2,383,737 |     | 2,484,694 |
| Intellectual property  |     |     577,479 |     |   631,097 |
| Total (Note 10)        |     |   2,971,968 |     | 3,189,072 |

F-71

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED OCTOBER 31, 2024 AND 2023 16.Trade and other payables

|                                          |     | October 31, 
        2024 |     | April 30, 
      2024 |
|:-----------------------------------------|:----|------------:|:----|----------:|
|                                          |     |         USD |     |       USD |
| Trade payables-Third Parties             |     |   1,136,780 |     |   884,321 |
| – Related Parties(1)                     |     |     400,124 |     |   354,939 |
| Other payables-Third Parties             |     |     860,626 |     |   285,626 |
| – Related Parties(2)                     |     |     599,621 |     |   560,339 |
| Amount due to a director(3)              |     |           0 |     |   400,000 |
| Amounts due to/(from)