Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 253

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 253
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 |     |      |     |   (675,110 | ) |     |          — |   |
| Repurchase of ordinary shares by holding Company                |     |      |     |          — |   |     |   (776,769 | ) |
| Repayment of lease liabilities                                  |     |      |     |   (308,116 | ) |     |   (269,322 | ) |
| Net cash flows generated from financing activities              |     |      |     |  2,776,507 |   |     |  4,094,290 |   |
| Increase (decrease) in cash and cash equivalent during the year |     |      |     |    (28,225 | ) |     |   (867,578 | ) |
| Foreign exchange impact on cash                                 |     |      |     |     23,574 |   |     |   (177,118 | ) |
| Cash and cash equivalents at beginning of financial year        |     |      |     |     34,982 |   |     |  1,079,678 |   |
| Cash and cash equivalents at end of financial year              |     |      |     |     30,331 |   |     |     34,982 |   |

F-7 OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 These notes form an integral part of and should be read in conjunction with the accompanying Consolidated financial statements. 1.Reporting entity Otsaw Limited (“Otsaw” or the “Company”), was incorporated on 10 June 2022 in the Cayman Islands and is wholly owned by Ling, Ting Ming. Otsaw Digital Pte Ltd (“Otsaw Digital”) is a private company incorporated on 4 May 2015 in the Republic of Singapore. Ling, Ting Ming is the founder and current CEO of Otsaw Digital. Otsaw acquired 100 percent interest in Otsaw Digital effective 3 May 2023. Otsaw’s acquisition of Otsaw Digital was facilitated through a share swap arrangement. Subsequent to the acquisition, Otsaw became the legal and beneficial owner of such Otsaw Digital shares and full control was acquired by Otsaw on this date. The acquisition of control of Otsaw Digital by Otsaw is considered to