Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 321

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 321
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 2022 |
|:------------------------------------|:----|:--|----------:|:--|:----|:----|----------:|
| Balance at the beginning of year    |     | $ | 1,433,555 |   |     |     |         — |
| Issuance                            |     |   |   430,000 |   |     |     | 1,370,000 |
| Losses recognized in profit or loss |     |   |   143,693 |   |     |     |    63,555 |
| Settlement                          |     |   |  (300,000 | ) |     |     |         — |
| Balance at the end of year          |     | $ | 1,707,248 |   |     |     | 1,433,555 |

| (iv) | Level 3 recurring fair values |

Sensitivity analysis:

| Gain (loss) from the change:                  |     | 2023 |         |   |     | 2022 |         |   |
|:----------------------------------------------|:----|:-----|--------:|:--|:----|:-----|--------:|:--|
| Increase of 5% in risk-adjusted discount rate |     | $    |  43,322 |   |     |      |  61,060 |   |
| Decrease of 5% in risk-adjusted discount rate |     |      | (46,586 | ) |     |      | (67,722 | ) |

| (v) | Transfer between levels of the fair value hierarchy |

There were no transfers between levels for the years ended December 31, 2023 and 2022.

| NOTE 21. | Financial Risk Management |

Risk management framework The Company’s risk management policies are established to identify and analyze the risks faced by the Company to assess the impact of risks and implement policies that mitigate risks. The Company’s Board of Directors oversees how management monitors compliance with the Company’s risk management policies and procedures and reviews the adequacy of the risks management framework in relation to the risks faced by the Company.

| (a) | Credit risk management |

Credit risk refers to the risk that a counterparty will default on its contractual obligations, resulting in financial losses to the Company. The Company is exposed to credit risks from operating activities, primarily accounts receivable, and from investing activities, primarily financial instruments with banks.

| 1. |