Company: OTSA
Filing Date: 2025-03-26
Form Type: DRS/A
Source: 0001013762-25-002776
Chunk: 95

Company: OTSAW Ltd
Filing Date: 2025-03-26
Form: DRS/A
Chunk 95
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 Generally, where majority of the company’s Board of Directors meetings where strategic decisions are made is held in Singapore with some degree of regularity, the company should be regarded as a tax resident in Singapore. However, holding Board of Directors meetings in Singapore may not ipso facto be sufficient and the Inland Revenue Authority of Singapore (“IRAS”) may, in certain cases, require more facts to be provided. The tax residence status of the Company is therefore subject to determination by the IRAS, and uncertainties remain with respect to the interpretation of the term “control and management” for the purposes of the Singapore Income Tax Act. See “Material Income Tax Consideration — Material Singapore Tax Considerations” which provides, amongst others, a general summary of the Singapore income tax considerations relevant to a Singapore tax resident and non -residentcorporate taxpayer. 51 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This prospectus contains forward -lookingstatements. All statements contained in this prospectus other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward -lookingstatements. Specifically, forward -lookingstatements may include statements relating to: •our ability to sell or lease our products to new and existing customers; •our plans to expand our product availability, distributor network and regional centers globally; •the limited number of deployments of some of our product, and the risk of limited market acceptance of our products; •availabilities and costs of the key components and materials; •our ability to manage and overcome supply chain challenges, including increases in the cost of an interruption in the supply or shortage of key component and materials; •competition from existing or future businesses and technologies; •Unpredictable events, such as the COVID -19outbreak, and associated business disruptions could seriously harm our future revenues and financial condition, delay our operations, increase our costs and expenses, and impact our ability to raise capital; •our ability to manage our research, development, expansion, growth and operating expense; •our ability to obtain sufficient capital to sustain and grow our business; •our ability to maintain, protect and enhance our intellectual property; •our ability to comply with modified or new laws and regulations applicable to our business; •our ability to manage and maintain customers, suppliers, distributors, and business partners relationship; •the expected composition of the management team and board of directors; •our ability to retain existing key management, to integrate recent hires and to attract, retain and motivate qualified personnel