Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 394

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 394
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 each new merchant before the Company’s standard payment and delivery terms and conditions are offered. Purchase limits are established for each merchant, representing the maximum open amount without requiring approval. These limits are reviewed quarterly.

| 2. | Guarantees |

As of April 30, 2023, no other guarantees were outstanding.

| (b) | Liquidity risk management |

The objective of liquidity risk management is to ensure the Company has sufficient liquidity to fund its business requirements associated with existing operations over the next 12 months. The Company manages its liquidity risk by maintaining adequate working capital and unused credit facilities. As of April 30, 2023, the Company’s working capital together with existing unused credit facilities under its existing loan agreements will be sufficient to fulfill all of its contractual obligations. Therefore, management believes that there is no liquidity risk resulting from incapable of financing to fulfill the contractual obligations.

| (c) | Market risk management |

The Company is exposed to the financial market risks, primarily changes in foreign currency exchange rates, interest rates and equity investment prices. The objective of market risk management is to manage and control market risk exposures within acceptable parameters. The Company’s policy is not to take positions in derivative financial instruments with the aim of profit realization and strives to achieve interest rate and foreign currency exposure neutrality. NOTE 15. Capital management The Company’s objectives for managing capital are to safeguard the capacity to operate continuously, provide returns to shareholders, maintain the interests of other related parties, and maintain an optimal capital structure to reduce the cost of capital. F-124

PayNow Inc. Notes to the Financial Statements (Continued) In order to maintain or adjust the capital structure, the Company may adjust the dividend payment to the shareholders, reduce the capital for redistribution to shareholders, issue new shares, or sell assets to settle any liabilities. NOTE 16. Cash Flow Information Reconciliation of liabilities arising from financing activities were as follows:

|                                                    |     | January 1, 
 2023       |             |     | Cash flows 
 Increase   |        |     | Decrease |            |   |     | Non-cash   
 flows      
 Payments   
 from trust 
 funds      |             |   |     | April 30, 2023 |             |
|:---------------------------------------------------|:----|:-----------|------------:|:----|:-----------|-------:|:----|:---------|:-----------|:--|:----|:-----------|:------------|:--|:----|:---------------|------------:|
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