Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 312

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 312
---
 directors approved to issue 142,412 new Class A Common Shares with par value of $0.001 per share, amounting to $1,859,925, of which $282,660 was received in 2022 and $1,568,384 was received in 2021. The remaining amount of $8,881 was offset by other payables to related parties. The relevant statutory registration procedures were completed on April 15, 2022. The Company entered into several share subscription agreements with new investors and received the investment amount of $10,834,290 recognized under capital collected in advance for the year ended December 31, 2023. The relevant statutory registration procedures have not been completed as of December 31, 2023. The number of issued shares of the Company as of December 31, 2023 and 2022 were both 78,079,203 shares, including 8,963,907 Class A Common Shares and 69,115,296 Class B Common Shares. As long as there has not been an Initial Offering from the Company and the shareholder, SBI Crypto Investment Co., Ltd. (SBI), who holds at least 12.5% of the issued shares of the Company, the Company shall not undertake any significant matters without the consent of SBI.

| (b) | Capital surplus |

|                            |     |   | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:---------------------------|:----|:--|-------------:|:----|:----|-------------:|
| Additional paid-in capital |     | $ |   30,219,928 |     |     |   30,219,928 |
| Employee share options     |     |   |      941,697 |     |     |      941,697 |
| Donation from shareholders |     |   |      810,000 |     |     |      810,000 |
| Total                      |     | $ |   31,971,625 |     |     |   31,971,625 |

F-34

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued)

| (c) | Retained earnings and earnings distribution |

In accordance with the Articles of Incorporation of the Company, the earnings distribution is as follows:

| 1. | Subject to the Companies Law of the Cayman