Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 56

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1
Chunk 56
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 in their best interests.

Lack of Business Diversification 

For an indefinite period of time after the completion of our initial
business combination, the prospects for our success may depend entirely on the future performance of a single business and a single industry—the
health care sector. Unlike other entities that have the resources to complete business combinations with multiple entities in one or several
industries, it is probable that we will not have the resources to diversify our operations and mitigate the risks of being in a single
line of business. By completing our initial business combination with only a single entity, our lack of diversification may:

●subject us to negative economic, competitive and regulatory developments,
any or all of which may have a substantial adverse impact on the particular industry in which we operate after our initial business combination,
and

●cause us to depend on the marketing and sale of a single product
or limited number of products or services.

Limited Ability to Evaluate OSR’s Management Team 

Although we attempted to closely scrutinize the management of OSR as
a target business when evaluating the desirability of effecting our initial business combination with OSR, our assessment of OSR’s
business’ management may not prove to be correct. In addition, the future management may not have the necessary skills, qualifications
or abilities to manage a public company. Furthermore, the future role of members of our management team, if any, in the target business
cannot presently be stated with any certainty. The determination as to whether any of the members 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