Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 57

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 57
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exposure to foreign currency risks should

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be limited in general, the reporting result of operations in the financial statements will be affected by the exchange rates between U.S. dollars and other currencies, as we use U.S. dollars as
the reporting currency. For the years ended on December 31, 2023 and 2024, foreign exchange gain (loss) (including realized and unrealized portions) amounted to US$71,170 and US$(1,046,680), respectively.

The value of the NTD or other non-U.S. dollar foreign currencies against the U.S. dollar may fluctuate and is difficult to predict, which
could be affected by, among other things, changes in political and economic conditions and the foreign exchange and/or monetary policies adopted in the United States, Taiwan or any other jurisdiction in which we operate. Fluctuations in exchange
rates of the NTD and any other currencies, in which our business are denominated, against our reporting currency U.S. dollars, could have a material adverse effect on our financial condition and results of operations.

The nature of our business requires the application of complex financial accounting rules, and there is limited guidance from accounting standard setting bodies on certain topics, including on digital assets.

We must comply with complex accounting rules and regulations that
are subject to interpretation from the IASB, the SEC, and various other entities responsible for promulgating and interpreting appropriate accounting principles. Recent actions and public comments from the SEC and accounting standard setting
entities have focused on the integrity of financial reporting and internal controls and regulators are subjecting companies’ accounting policies to heightened scrutiny. Further, there is limited guidance from accounting standard setting
entities on the appropriate financial accounting of digital assets, including stablecoins, and the related valuation and revenue recognition. In March 2022, the SEC issued the Staff Accounting Bulletin No. 121 (“SAB 121”), which added
interpretive guidance for entities to consider when they have obligations to safeguard crypto-assets held for their platform users. We did not hold digital assets for our customers as of December 31, 2023 or December 31, 2024, and currently
hold a de minimis amount of digital assets for our customers. However, as we expect to further roll out our payment services, we may start holding digital assets for our customers in the future, and we will be required to comply with related
accounting guidance, including SAB 121. A change in these principles or interpretations could significantly impact our