Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 201

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1
Chunk 201
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. As there is no standing nominating
committee, we do not have a nominating committee charter in place.

The board of directors will also consider director candidates recommended
for nomination by our stockholders during such times as they are seeking proposed nominees to stand for election at the next annual meeting
of stockholders (or, if applicable, a special meeting of stockholders). Our stockholders that wish to nominate a director for election
to our board of directors should follow the procedures set forth in our bylaws.

We have not formally established any specific, minimum qualifications
that must be met or skills that are necessary for directors to possess. In general, in identifying and evaluating nominees for director,
the board of directors considers educational background, diversity of professional experience, knowledge of our business, integrity, professional
reputation, independence, wisdom, and the ability to represent the best interests of our stockholders.

Code of Ethics 

The Company adopted a code of ethics that applies to all of its employees,
officers and directors, including its principal executive officer, principal financial officer, principal accounting officer or controller
or persons performing similar functions. The Company intends to disclose future amendments to its code of business conduct and ethics,
or any waivers of such code, on its website.

Insider Trading Policy

Subsequent to the consummation of the Initial Public Offering, the
Company adopted an insider trading policy which requires insiders to (i) refrain from purchasing shares during certain blackout periods
and when they are in possession of any material non-public information and (ii) to clear all trades with the Company’s
legal counsel or compliance officer prior to execution. In addition, the Company’s Sponsor and any other holders of the Company’s
common stock prior to the Initial Public Offering (or their permitted transferees (the “Initial Stockholders”)) have agreed
to waive their redemption rights with respect to their Founder Shares, Placement Shares and Public Shares in connection with the completion
of a Business Combination. A copy of the Company’s Insider Trading Policy has been filed as Exhibit 19.1 to this Annual Report.

Item 11.	 Executive Compensation 

Throughout this section, unless otherwise noted, “the Company,”
“we,” “us,” “our” and similar terms refer to BLAC prior to the Business Combination. This section
discusses the material components of the executive compensation program for the Company’s executive officers who are named in the
“2024 Summary Compensation Table” below. In 2024, the Company