Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 100

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 100
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     | US$          | [•] |     |            [20] |
| Expansion of Production Capacity and Inventory in relation to TransCar 5.0 and Camello+ |     | US$          | [•] |     |            [40] |
| Market Expansion in the United States, United Kingdom, Europe, Asia and Australia       |     | US$          | [•] |     |            [10] |
| Research and Development in relation to TransCar 5.0 and Camello+                       |     | US$          | [•] |     |            [10] |
| Working capital                                                                         |     | US$          | [•] |     |            [20] |
| Total                                                                                   |     | US$          | [•] |     |             100 |

If the Underwriters exercise its over -allotmentoption in full, after deducting the underwriting discount and estimated offering expenses payable by us, we expect to receive an additional net proceeds of approximately $[ ]. We will use the additional proceeds for working capital purposes. The foregoing represents our current intentions based upon our present plans and business conditions to use and allocate the net proceeds of this offering. Our management, however, will have some flexibility and discretion to apply the net proceeds of this offering. If an unforeseen event occurs or business conditions change, we may use the proceeds of this offering differently than as described in this prospectus. To the extent that the net proceeds we receive from this offering are not imminently used for the above purposes, we intend to invest in short -term, interest -bearingbank deposits or debt instruments. We are exploring collaborations with regional distributors and technology partners and are in the process of identifying targets for acquisition, strategic alliances and joint ventures. We do not have any specific plans or targets as of the date of this prospectus.

54 DIVIDEND POLICY We have never declared or paid any cash dividends on our Class A Ordinary Shares. We anticipate that we will retain any earnings to support operations and to finance the growth and development of our business. Therefore, we do not expect to pay cash dividends in the foreseeable future. Any future determination relating to our dividend policy will be made at the discretion of our board of directors and will depend on a number of factors, including future earnings, capital requirements, financial conditions and future prospects and other factors the board of directors may deem relevant. In the event we decide to pay dividends in the future, subject to the Companies Act (As Revised