Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 4

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 4
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 corporate governance rules. While we currently do not plan to rely on these exemptions, we may elect to do so after the completion of this offering.

|                                           |     | Per Share |      |     | Total(4) |            |    |
| Assumed initial public offering price(1)  |     | US$       | 5.00 |     | US$      | 20,000,000 | -5 |
| Underwriting discounts and commissions(2) |     | US$       | 0.35 |     | US$      |  1,400,000 |    |
| Proceeds to us before expenses(3)         |     | US$       | 4.65 |     | US$      | 18,600,000 |    |

____________ (1)Initial public offering price per Class A Ordinary Share is assumed as US$5.0 (being the mid -pointof the offer price range as set out in the cover page of this prospectus). (2)We have agreed to pay the underwriters a discount equal to seven percent (7.0%) of the gross proceeds of the offering. This does not include a non -accountableexpense allowance equal to one percent (1.0%) of the gross proceeds received by the Company from the sales of the Class A Ordinary Shares in this offering payable to the underwriter, excluding the over -allotmentoption See “Underwriting” beginning on page 173 for a description of compensation payable to the underwriters. (3)Excludes fees and expenses payable to the underwriters. The total amount of underwriters’ expenses related to this offering is set forth in the section entitled “Expenses Related to This Offering” on page 178. (4)Assumes that the underwriters do not exercise any portion of their over -allotmentoption. (5)Includes US$20,000,000 gross proceeds from the sale of 4,000,000 Class A Ordinary Shares offered by our Company. This offering is being conducted on a firm commitment basis. The underwriters are obligated to take and pay for all of the shares offered by the Company if any such shares are taken. We have granted the underwriters an option, exercisable one or more times in whole or in part, to purchase up to 600,000 additional Class A Ordinary Shares from us at the initial public offering price, less underwriting discounts, within 45 days from the closing of this offering to cover over -