Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 516

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 516
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 for the New OSR Holdings Board all areas of risk and the appropriate mitigating factors. 324 The compensation committee will review the company’s incentive compensation arrangements to determine whether they encourage excessive risk -takingand discuss with management the relationship between risk management policies and practices and compensation. In addition, the New OSR Holdings Board will receive periodic detailed operating performance reviews from management. The corporate governance and nomination committee will identify, review and make recommendations of candidates to serve on the New OSR Holdings Board ad evaluate the performance of the New OSR Holdings Board and its committees. Committees of the New OSR Holdings Board Upon the consummation of the Business Combination, the New OSR Holdings Board will reconstitute its audit committee, compensation committee and corporate governance and nomination committee. The board of directors will adopt a new charter for each of these committees, which will comply with the applicable requirements of current SEC and Nasdaq rules. New OSR Holdings intends to comply with future requirements to the extent applicable. Following the consummation of the Business Combination, copies of the charters for each committee will be available on the investor relations portion of New OSR Holdings’ website. The New OSR Holdings Board may from time to time establish other committees. Audit Committee Upon the completion of the Business Combination, the members of our audit committee will consist of Mr. Jee, Mr. Lee and Mr. Park, with Mr. Park serving as the chairperson of this audit committee. The composition of New OSR Holdings’ audit committee will meet the requirements for independence under the current Nasdaq listing standards and SEC rules and regulations. Each member of New OSR Holdings’ audit committee is financially literate and the “audit committee financial expert” as defined in Item 407(d)(5)(ii) of Regulation S -Kwill be Mr. Park. This designation does not impose on Mr. Park any duties, obligations or liabilities that are greater than are generally imposed on members of our audit committee and the board of directors. The New OSR Holdings audit committee will be directly responsible for, among other things: •selecting a firm to serve as the independent registered public accounting firm to audit our financial statements; •ensuring the independence of the independent registered public accounting firm; •discussing the scope and results of the audit with the independent registered public accounting firm and reviewing, with management and that firm, our interim and year -endoperating results; •establishing procedures for employees to anonymously submit concerns about questionable accounting or audit matters; •considering the adequ