Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 105

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 105
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. Ltd.; and c) 100% of Otsaw Technology Pte. Ltd. (formerly known as North Star Technology Pte. Ltd.). Otsaw Digital Pte. Ltd. was held by Ararrat Capital Pte Ltd (47.53%), Serial System International Pte Ltd (19.90%), Koh Choon Hui (16.02%), Goh Way Siong (10.41%) and other smaller shareholders. As of the date of this prospectus, (i) the authorized share capital of Otsaw Limited is US$50,000 divided into (i) 499,999,999 Class A Ordinary Shares and (ii) 1 Class B Ordinary Share, of which 99,312,858 Class A Ordinary Shares and 1 Class B Ordinary Share are issued and outstanding, and (ii) Otsaw Limited is majority owned by Ling Ting Ming (28.22%), Serial System International Pte Ltd (15.68%), Koh Choon Hui (9.76%), Goh Way Siong (7.89%) and Waichun Logistics (5.79%), respectively. 59 Organization Chart The chart below sets out our corporate structure as of the date of this prospectus and upon completion of this offering. *Mr. Ling Ting Ming owns the single Class B Ordinary Share in Otsaw Limited pre- and post -offering , and his total voting power pre- and post -offering is 55.1% and [•]% respectively. The pre -offering voting power of Mr. Koh Choon Hui, Serial System International Pte Ltd and the minority shareholders is 6.1%, 9.8% and 29.0% respectively, and their post -offering voting power is [•]%, [•]% and [•]% respectively. Entities A description of our subsidiaries is set out below. Otsaw Digital Pte. Ltd. Otsaw Digital Pte. Ltd. was incorporated under the laws of Singapore as a private company limited by shares on May 4, 2015. As part of a group reorganization on May 25, 2023, Otsaw Digital Pte. Ltd. became a direct wholly -ownedsubsidiary of Otsaw Limited with business exposure and operations in Singapore, Europe and the United States. Otsaw Digital Pte. Ltd. is the holding company of Otsaw Digital, Inc. and Otsaw Technology Solutions Pte.