Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 146

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 146
---
 into any off -balancesheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors. 89

Commitments and Contingencies The following table summarizes our operating lease commitment as of April 30, 2024:

|                            |     |        Less 
 than 1 year |     |     Between 
 1 – 2 years |     |     Between 
 2 – 3 years |     |     Between 
 3 – 4 years |     |   Total |
|                            |     |         US$ |     |         US$ |     |         US$ |     |         US$ |     |     US$ |
| Operating lease commitment |     |     254,306 |     |     139,486 |     |      95,784 |     |      20,348 |     | 509,924 |
| Total                      |     |     254,306 |     |     139,486 |     |      95,784 |     |      20,348 |     | 509,924 |

Other than as shown above, we did not have any significant financial and capital commitments, long -termobligations, or guarantees as of April 30, 2024 and 2023. As of April 30, 2024 and 2023, we were not a party to any legal or administrative proceedings. In addition, there were no legal or regulatory proceedings, either individually or in the aggregate, which could have resulted in an unfavorable outcome with a material adverse effect on our results of operations, consolidated financial condition, or cash flows. As of the date of this prospectus, we did not have any loss contingencies which are required to be recognized or disclosed in our consolidated financial statements. Seasonality The nature of our business does not appear to be affected by seasonal variations. We may experience fluctuations in demand due to heightened or weakened economic conditions, geopolitical events, and shifts in trade patterns in areas where we operate. Inflation Whilst inflation has been a global issue impacting many countries around the globe, inflation in Singapore has not materially affected our results of operations in recent years. According to Singapore Department of Statistics, consumer price index of Singapore increased from 113 for the year ended April 30, 2023 to 116 for the year ended April 30, 202