Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1079

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 4
Chunk 1079
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ated Certificate of Incorporation,
as amended (the “Charter”). The stockholders approved a proposal to amend the Charter to allow the Company to extend
the date by which the Company must consummate a business combination from November 14, 2024 to February 14, 2025 (the “Extension
Amendment Proposal”). The stockholders also approved a proposal to amend the Charter to remove the net tangible asset requirement
in order to expand the methods that the Company may employ so as not to become subject to the “penny stock” rules of the U.S.
Securities and Exchange Commission (the “NTA Requirement Amendment Proposal”). The Certificate of Amendment to the
Charter (the “Charter Amendment”) was filed with the Delaware Secretary of State and has an effective date of November
12, 2024. The foregoing description of the Charter Amendment is qualified in its entirety by the full text of the Charter Amendment, a
copy of which is filed as Exhibit 3.1 to Form 8-K dated November 12, 2024 hereto and incorporated herein by reference.

As of the close of business on October 17, 2024, the record date
for the Annual Meeting, there were 4,041,221 shares of the Company’s common stock, par value $0.0001 per share (“Common
Stock”), issued and outstanding, each of which was entitled to one vote with respect to each of the proposals presented at the
Annual Meeting. A total of 2,878,990 shares of Common Stock, representing approximately 71.24% of the outstanding shares of Common Stock
entitled to vote at the Annual Meeting, were present in person or by proxy, constituting a quorum.

Both the Extension Amendment Proposal and the NTA Requirement Amendment
were approved by the shareholders.

Additionally, the stockholders duly elected each of the five (5) then
existing directors (Kuk Hyoun Hwang, Jun Chul Whang, Jin Whan Park, Phil Geon Lee and Sang Hyun Kim) to the Company’s Board of Directors
until the next annual meeting of stockholders following this annual meeting or until each such director’s successor is elected and
qualified, subject to his earlier death, resignation or removal.

In connection with the votes to approve the Extension Amendment Proposal
and NTA Requirement Amendment Proposal, 1,721,469 shares of common stock of the Company were tendered for redemption.

As previously reported by the Company on Form