Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 77

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 77
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852 |

Accumulated amortization expense for
intangible assets is $2,272,817 and $2,896,174 for the three-months ended March 31, 2025 and 2024, respectively.

<div align='center'>48</div>

| (16) | Short-term 
 borrowings |

The Group has a loan agreement with
Bellevue Capital Management Europe AG and as of March 31, 2025, the outstanding balance was $860,000 (3.00% interest rate at March
31, 2025), which matures in March 2025.

The Group has multiple loan agreements
with an individual and as of March 31, 2025, the outstanding balance was $1,034,657 (0% interest rate at March 31, 2025), which mature
various dates in 2025.

The Group has a loan agreement with Dukseong
Co.,Ltd and as of March 31, 2025, the outstanding balance was $800,000 (7.00% interest rate at March 31, 2025), which matures
in July 2025.

The Group has a loan agreement with BGLSI and
as of March 31, 2025, the outstanding balance was $1,628,000 (0% interest rate at March 31, 2025), which matures in July 2025.

The Group has multiple loan agreements
with an individual and as of March 31, 2025, the outstanding balance was $135,000 (0% interest rate at March 31, 2025), which mature
various dates in 2025.

The Group has a loan agreement with
Bellevue Capital Management Europe AG and as of December 31, 2024, the outstanding balance was $600,000 (3.00% interest rate at December
31, 2024), which matures in March 2025.

The Group has a loan agreement with
Bellevue Capital Management Europe AG and as of December 31, 2024, the outstanding balance was $260,000 (3.00% interest rate at December
31, 2024), which matures in July 2025.

The Group has a loan agreement with
Bellevue Life Sciences Acquisition Corp. and as of December 31, 2024, the outstanding balance was $300,000 (3.96% interest rate at
December 31,