Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 294

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 294
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 of our management team will remain with
the combined company will be made at the time of our initial business combination. While it is possible that one or more of our directors
will remain associated in some capacity with us following our initial business combination, it is unlikely that any of them will devote
their full efforts to our affairs or that our future management team will have significant experience or knowledge relating to the operations
of the particular target business. We cannot assure you that any of our key personnel will remain in senior management or advisory positions
going forward. Having completed our initial business combination, we will seek to recruit additional managers to supplement the incumbent
management of OSR. We cannot assure you that we will have the ability to recruit additional managers, or that additional managers will
have the requisite skills, knowledge or experience necessary to enhance the incumbent management. 

The Company may be subject to tax liability if OSR fails to pay
its local taxes.

Under the Framework Act on National Taxes, if OSR is unable to meet
its national tax obligations with its assets, we will be subject to the secondary tax liability for any taxes accrued during the period
we hold our shares in OSR. Under the Local Tax Act (of Korea), we may also be subject to the secondary tax liability if OSR fails to pay
its local taxes. The secondary tax liability is equal to the amount of unpaid taxes multiplied by our shareholding ratio of OSR. There
is no assurance that we will not be subject to such tax liabilities or that the Company will have sufficient cash flow to cover such potential
tax liabilities.

In addition, as of December 31, 2024, OSR had deferred tax liabilities
of approximately $28,035,508, resulting from the differences between book and tax basis for assets acquired or created during previous
business combinations as a result of purchase price allocation for accounting purposes, which will be due if and only when certain taxable
events occur in the future which will reverse or eliminate such basis difference (i.e., sales of subsidiaries).

31

Risks Related to the Company Securities

The price of the Company’ Common Stock and warrants may
be volatile.

The price of the Company’ Common Stock and warrants may fluctuate
due to a variety of factors, including:

●actual or anticipated fluctuations in its quarterly and annual
results and those of other public companies in the same or similar industry;

●mergers and strategic alliances in the industry in which it
operates;

●market prices and conditions in the industry