Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 51

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 51
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 payment of dividends, if
any, will be at the discretion of our board of directors, subject to applicable laws, and will depend on then-existing conditions, including
our financial condition, operating results, contractual restrictions, capital requirements, business prospects, and other factors our
board of directors may deem relevant. In addition, our ability to pay cash dividends on our capital stock in the future may be limited
by the terms of any future debt or preferred securities we issue or any credit facilities we enter into.

<div align='center'>29

UNAUDITED INTERIM FINANCIAL STATEMENTS

OSR HOLDINGS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(In the United States Dollar, except share data)</div>

|                                                                                                                                                                                        |     | (Unaudited) |   March 31, 
        2025 |   |     | (Unaudited) | December 31, 
         2024 |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------------|------------:|:--|:----|:------------|-------------:|:--|
| Assets                                                                                                                                                                                 |     |             |             |   |     |             |              |   |
| Current assets:                                                                                                                                                                        |     |             |             |   |     |             |              |   |
| Cash and cash equivalents                                                                                                                                                              |     | $           |   1,595,697 |   |     | $           |      341,543 |   |
| Trade and other receivables, less allowance for credit losses of $66,006.82 and $67,579.81 as of March 31, 2025 and December 31, 2024, respectively                                    |     |             |     799,537 |   |     |             |      933,824 |   |
| Inventories, net                                                                                                                                                                       |     |             |     736,630 |   |     |             |      922,107 |   |
| Prepaid income taxes                                                                                                                                                                   |     |             |           4 |   |     |             |           39 |   |
| Other current financial assets                                                                                                                                                         |     |             |      54,552 |   |     |             |       54,422 |   |
| Other current assets                                                                                                                                                                   |     |             |     280,419 |   |     |             |       74,555 |   |
| Total current assets                                                                                                                                                                   |