Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 172

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 172
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 where we have obtained relevant licenses to enable payments through fiat currency, as well as through stablecoin – a cheaper, faster, more transparent way to do cross-border payment.

Within our payment business our main source of revenue is expected to come from on/off-ramp services, conversion services, and cross-border
transactions. We charge fixed-amount, per-transaction handling fees, and percentage-based transaction fees for conversion between stablecoin and fiat currency and for foreign exchange

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conversion. We also generate revenue from our payment gateway services where we charge transaction fees from e-commerce platforms based on the amount
transacted. Additionally, we generate revenue from our hosted wallet services, consisting of initial setup fees and monthly maintenance fees. As of 2024, the transactions we helped process had been substantially conducted via fiat currency, and we
are further rolling out and expanding our payment platform services with other settlement routes including via stablecoin. The following is a list of our products and services.

OwlPay Platform Solutions

For businesses or individuals looking to flexibly use fiat currencies and stablecoins for payments without having the technical resources for
integration, our platform solutions provide seamless access to the desired services directly through our platform.

OwlPay Payment

We currently offer OwlPay’s payment interface through our products, OwlPay Payment. OwlPay Paymentsimplifies business cash flow processes, enabling merchants to efficiently complete acquiring consumers’ payments,reconciliation, auditing, and payment through an integrated service using fiat currency and USDC. This helpsbusiness without in-house technical teams to support system integration but requiring cross-border paymentsimprove operational efficiency. Additionally, through collaboration with VISA Direct, OwlPay Paymentplans toprovide business and individual with a convenient way to send funds from a bank or card account to another party’scard or bank account within the same card network.

A. Payment Gateway Services

In May 2023, we enhanced our payments-related offerings by acquiring PayNow, a prominent Taiwanese payment gateway service
provider. By integrating PayNow’s payment gateway service capabilities, OwlPayoffers an embedded payment collection function to businesses and proprietors to receive consumer payments, supporting a wide range of payment collection
methods, including via credit cards, mobile payments, web ATM and payment at convenience stores. For payment gateway services, we charge the merchants a transaction fee for each successful payment based on a predetermined rate, which varies
depending on the markets, and a fixed-amount handling fee when disbursing the collected funds. Our processing transaction volume of payment gateway services is US$217 million for