Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 485

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 485
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 first annual meeting of stockholders. BLAC’s two officers were appointed by the BLAC Board and serve at the discretion of the BLAC Board, rather than for specific terms of office. The BLAC Board is authorized to appoint persons to the offices set forth in the Current Bylaws as it deems appropriate. The Current Bylaws provide that our officers may consist of a Chairman of the Board, a Chief Executive Officer, Chief Financial Officer, President, Vice Presidents, Secretary, Treasurer, Assistant Secretaries and such other offices as may be determined by the board of directors. Committees of the Board of Directors BLAC has two standing committees: an audit committee and a compensation committee. Subject to phase -inrules and a limited exception, Nasdaq rules and Rule 10A -3of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors, and Nasdaq rules require that the compensation committee of a listed company be comprised solely of independent directors. Audit Committee BLAC has established an audit committee of the board of directors. Mr. Park, Mr. Lee and Mr. Kim serve as members of the audit committee, and Mr. Park is the chair of the audit committee. Under the Nasdaq listing standards and applicable SEC rules, BLAC is required to have at least three members of the audit committee, all of whom must be independent. Each of Mr. Park, Mr. Lee and Mr. Kim meet the independent director standard under Nasdaq listing standards and under Rule 10 -A-3(b)(1) of the Exchange Act. Each member of the audit committee is financially literate and BLAC’s Board has determined that Mr. Park qualifies as an “audit committee financial expert” as defined in applicable SEC rules. BLAC has adopted an audit committee charter which details the principal functions of the audit committee, including: •the appointment, compensation, retention, replacement, and oversight of the work of the independent registered public accounting firm engaged by BLAC; •pre -approvingall audit and permitted non -auditservices to be provided by the independent registered public accounting firm, including but not limited to, as required by applicable laws and regulations; •setting clear hiring policies for employees or former employees of the independent registered public accounting firm, including but not limited to, as required by applicable laws and regulations; •setting clear policies for audit partner rotation in compliance with applicable laws and regulations; •obtaining and reviewing a report, at least annually, from the independent registered public accounting firm describing (i)