Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 351

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 351
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 the Financial Statements For the year ended December 31, 2022 (Expressed in New Taiwan Dollars, Unless Otherwise Specified)

| NOTE 1. | Reporting entity |

PayNow Inc. (the “Company”), a Taiwan company incorporated in October 2006, has been dedicated to providing electronic commerce payment services. Utilizing a unique and secure bank trust system and various payment mechanisms, the Company has created a variety of service features for online payments and provided merchants with one-stopservice which includes logistics information flow and electronic invoice integration, catering to the needs of various online stores.

| NOTE 2. | Basis of preparation |

| (a) | Statement of compliance |

The accompanying financial statements as of and for the year ended December 31, 2022 have been prepared for purposes of a filing with the U.S. Securities and Exchange Commission in connection with the acquisition of the Company by OwlPay Holdings PTE. LTD., a wholly-owned subsidiary of OBOOK Holdings Inc., which was completed on May 1, 2023. The financial statements have been prepared in accordance with all applicable International Financial Reporting Standards (“IFRSs”), which collective term includes all applicable individual International Financial Reporting Standards, International Accounting Standards and Interpretations issued by the International Accounting Standards Board (“IASB”), except that they do not include comparative financial information for the year ended December 31, 2021 as required by International Accounting Standards (“IAS”) 1, Presentation of Financial Statements. As the Company’s first financial statements prepared in accordance with IFRSs, IFRS 1 “First-time Adoption of International Financial Reporting Standards” has been applied. The date of transition to IFRSs was January 1, 2021. Significant accounting policies adopted by the Company are disclosed in note 4. These financial statements were authorized for issuance by the Board of Directors on August 20, 2024.

| (b) | Basis of measurement |

The financial statements have been prepared on the historical cost basis.

| NOTE 3. | Application of new and revised IFRS as issued by the IASB |

In preparing the accompanying financial statements, the Company has not adopted the following International Financial Reporting Standards (“IFRS”), International Accounting Standards (“IAS”), Interpretations developed by the International Financial Reporting Interpretations Committee (“IFRIC”) or the former Standing Interpretations Committee (“SIC”) issued by the International Accounting Standards Board (“IASB”) (collectively, “IFRSs”).

| New, Revised or Am