Company: OWLS
Filing Date: 2025-09-03
Form Type: F-1
Source: 0001193125-25-195057
Chunk: 161

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-03
Form: F-1
Chunk 161
---
 to use
blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers, and to lead the digital transformation of traditional business operations.

Overview of OwlTing Group and the OwlPay Suite

We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises
operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and
Thailand, as well as jurisdictions in South America and the EU. Through our e-commerce, hospitality and payments offerings, we are committed to serving businesses and individuals whose commercial activities
involve cross-border transactions.

From our earliest days with our product OwlTing Market, our e-commerce platform that was designed to connect local Taiwanese farmers and merchants with their customers, we have worked closely with the
merchants on our platform and come to understand their business pain points. OurOwlTing Blockchain Services emerged from such business understanding, and we have aimed to
build a blockchain traceability solution that empowers organic farmers with better transparency of their business and operations, which can be extended to other use cases.

By building our expertise in blockchain ledger transaction models, we concluded that the prevention of double spending with the use of
timestamps and proof of work could also be utilized in the hospitality industry, which faces the need to address double-booking problems. We thus expanded into the hospitality sector in 2018 by offering innovative solutions to hotels and other
hospitality industry customers through our platforms, including the OwlNest hotel property management system, or PMS, that leverages blockchain technology to prevent double bookings.
We also launched the OwlJourney, an online travel agency, or OTA, platform that benefits from accurate real-time inventory data from integration with OwlNest’s inventory
system, to empower travel service providers with optimized efficiencies. In addition, our OwlTing Experiences, also an OTA, focuses on offering curated local activity and tour options
for lodging guests, enriching their travel experiences beyond accommodations.

As we further developed our presence in the hospitality
industry, we also gained a first-hand understanding of the challenges of cross-border payments faced by our hospitality clients. We saw the issues faced by our hospitality clients and their two most prominent pain points in the payment process: high
processing costs from cross-border transactions and delayed settlement from the