Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 56

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 56
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.’s share |

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| (2) | Summary                            
 of significant accounting policies |

| a. | Basis           
 of presentation |

The accompanying unaudited condensed
consolidated financial statements have been prepared pursuant to U.S. generally accepted accounting principles (US-GAAP) and reflect all
adjustments which are, in the opinion of management, necessary to a fair presentation of the results of the interim periods presented,
under the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). These condensed consolidated
financial statements include all adjustments consisting of only normal recurring adjustments, necessary for a fair statement of the results
of the interim periods presented. The results of operations for the interim periods presented are not necessarily indicative of the results
to be expected for any subsequent quarter or for the entire year ending December 31, 2024. Certain information and note disclosures normally
included in the Company’s annual audited consolidated financial statements and accompanying notes prepared in accordance with US-GAAP
have been condensed in, or omitted from, these interim financial statements. Accordingly, these unaudited condensed consolidated financial
statements should be read in conjunction with the condensed consolidated financial statements and related notes to the condensed consolidated
financial statements for the fiscal year ended December 31, 2023 included in the Company’s Annual Report on Form S-4 filed with
the SEC on December 27, 2024.

| b. | Principle        
 of consolidation |

The condensed consolidated financial
statements include the accounts of OSR Holdings, Inc. and its subsidiaries. All significant intercompany transactions and balances have
been eliminated in consolidation.

The Company consolidates entities in
which it has a controlling financial interest based on either the variable interest entity (VIE) or voting interest model. The Company
is required to first apply the VIE model to determine whether it holds a variable interest in an entity, and if so, whether the entity
is a VIE. If the Company determines it does not hold a variable interest in a VIE, it then applies the voting interest model. Under the
voting interest model, the Company consolidates an entity when it holds a majority voting interest in an entity.

The Company accounts for investments
in which it has significant influence but not a controlling financial interest using the equity method of accounting.

| c. | Use          
 of estimates |

The preparation of the condensed consolidated
financial statements in conformity with US-GAAP requires management to make estimates and assumptions that affect the reported amounts