Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 282

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 282
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 Shares of par value US$0.0001 per share in the capital of the Company; and (2)1 new Class B Ordinary Share of par value US$0.0001 per share, having the rights set forth in the Amended and Restated M&A. In May 2023, the Company issued 94,240,000 Class A Ordinary Shares to the shareholders of Otsaw Digital Pte Ltd as part of the group restructuring. After this restructuring, Otsaw Digital was 100% owned by the Company. In January 2024, the Company issued 4,373,140 Class A ordinary shares as part of a USD8,746,280 loan to share capital conversion (note 20). The holders of the Class A Ordinary Shares and the Class B Ordinary Share rank pari passu with one another and have the same rights, preferences, privileges and restrictions, except holders of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as one class on all resolutions submitted to a vote by the Members. At a general meeting, each Class A Ordinary Share shall entitle the holder thereof to one (1) vote on all matters subject

F-28 OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 15.Share capital (cont.) to vote at general meetings of the Company, and each Class B Ordinary Share shall entitle the holder thereof to that number of votes equal to sixty (60) percent of the total number of Class A Ordinary Shares and Class B Ordinary Shares outstanding as at the record date for determining those Shareholders that are entitled to vote at the general meetings of the Company. 16.Otsaw-Swisslog Healthcare Joint Venture In November 2021, Otsaw Technology Solutions Pte. Ltd. (“Otsaw Technology”) and Swisslog Healthcare Holding AG (“Swisslog Healthcare”) entered into a series of agreements to establish the Otsaw -SwisslogJV. Swisslog Healthcare, headquartered in Switzerland, is a leading global provider of hospital automated intralogistics solutions. Swisslog Healthcare is a highly regarded provider of AGV solutions, in the business of developing, manufacturing and selling AGVs as well as providing maintenance services under service contracts. Swisslog carries out its AGV business in several countries and their customers are mainly hospitals and contractors engaged by hospitals. Since the establishment of the Ots