Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 697

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 697
---
    48,000,000 |     |       96,000,000 |     |       91,500,000 |
| Total                |     |                        ₩ 311,699,477 |     |      ₩ 395,702,250 |     | ₩ 208,202,250 |     |   ₩   96,000,000 |     |   ₩   91,500,000 |

4.2 Capital risk management Capital includes issued capital, share premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to maximize the shareholder value. The Company manages its capital structure and adjusts in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The company uses the debt ratio as a capital management indicator. This ratio is calculated by dividing total liabilities by total equity, and total liabilities and total equity are calculated based on the amounts in the financial statements.

F-153

4. Financial risk management (cont.) The company’s debt ratio as of the end of the year ended at December 31, 2022 and 2021 are as follows.

| (Korean won in unit)            |     |       December 31, 
               2022 |   |     |    December 31, 
            2021 |   |
|:--------------------------------|:----|-------------------:|:--|:----|----------------:|:--|
| Net borrowings (A)              |     |                    |   |     |                 |   |
| Lease liabilities               |     | ₩      130,969,812 |   |     | ₩   151,497,227 |   |
| Less) cash and cash equivalents |     |        325,973,826 |   |     |     689,973,487 |   |
|                                 |     |       (195,004,014 | ) |     |    (538,476,260 | ) |
| Total equity (B)                |     |        882,092,363 |   |     |   1,454,585,986 |   |
| Net borrowings and total equity |     | ₩      687,088,349 |   |     |