Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 104

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 104
---
 adjustment based on the actual initial public offering price of our Class A Ordinary Shares and other terms of this offering determined at the pricing.

58 CORPORATE HISTORY AND STRUCTURE Our Group’s history can be traced back to May 4, 2015 when Otsaw Digital Pte. Ltd. was founded by Mr. Ling Ting Ming, our chairman, director and chief executive officer, after Mr. Ling’s return to Singapore from Silicon Valley in 2015. Under the leadership of Mr. Ling, we specialize in designing, developing, and manufacturing of Autonomous Mobile Robots (“AMRs”) and other next generation robotics products and solutions, with the aim to disrupt the facilities management industry with our AI -enabledAMRs and robotics solutions in the realms of security, sanitation, last -miledelivery, logistics, and healthcare. As of the date of this prospectus, our Group comprises Otsaw Limited and its subsidiaries, Otsaw Digital Pte. Ltd., Otsaw Digital, Inc., Otsaw Technology Solutions Pte. Ltd., Otsaw Technology Pte. Ltd., Otsaw Swisslog Healthcare Robotics Pte. Ltd., and Otsaw Swisslog Healthcare Robotics GmbH. Corporate Structure Otsaw Limited was incorporated on June 10, 2022 under the laws of Cayman Islands as an exempted company limited by shares. Otsaw Limited is a holding company and does not actively engage in any business or operation. We completed a share capital restructuring in May 2023 as part of our group reorganization. Upon completion of group reorganization on May 25, 2023, Otsaw Digital Pte. Ltd., Otsaw Digital Inc., Otsaw Technology Solutions Ptd. Ltd., Otsaw Technology Pte. Ltd., Otsaw Swisslog Healthcare Robotics Pte. Ltd., Otsaw OYA Technology Solutions Inc, and Otsaw Swisslog Healthcare Robotics GmbH became Otsaw Limited’s direct and indirect subsidiaries. As a result of our group reorganization in May 2023, Otsaw Technology Solutions Pte. Ltd. became a wholly -ownedsubsidiary of Otsaw Digital Pte. Ltd., and an indirect wholly -ownedsubsidiary of Otsaw Limited. Prior to the May 2023 group reorganization, Otsaw Digital Pte. Ltd. was the holding company of our group of companies comprising Otsaw Digital, Inc. and Otsaw Technology Solutions Pte. Ltd. (formerly known as North