Company: OWLS
Filing Date: 2025-09-24
Form Type: F-1/A
Source: 0001193125-25-213968
Chunk: 154

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-24
Form: F-1/A
Chunk 154
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$5.4 million in 2023. The difference between our loss for the year of US$6.8 million and cash used in operations was primarily due to (i) adjustment for certain non-cashitems, which included depreciation expense of US$869,702 and amortization expense of US$78,461, loss on financial liabilities at FVTPL of US$143,693, finance costs of US$137,210, interest income of US$(96,575), and loss on extension of preference share liabilities of US$26,209; and (ii) the net changes in operating assets and liabilities of US$255,394, which were primarily related to a decrease in accounts receivables of US$262,285 from the settlement of sales, an increase in other receivables of US$45,456 due to the acquisition of PayNow in May 2023, an increase in prepayment of US$81,604 due to the prepayment of IPO fees, a decrease in contract liabilities of US$264,301 due to the refund based on a sale agent agreement, an increase in account payables of 102

US$569,998 due to subsidence of COVID-19 pandemic led to the recovery of the hospitality business and an increase in booking volume, resulting in a rise in
a higher amount of account payables to property providers, a decrease in other payable of US$52,108 due to the accrued fees for legal counsels, an increase in provisions of US$42,381 due to the estimate of the provision of paid leave, a decrease in
other current liabilities of US$64,457 due to the payment of employee withholding taxes and collected insurance premiums, an increase in other payables from related parties of US$18,569 due to advance operating expenses from related parties, and a
decrease in other non-current liabilities of US$64,951 due to cancellation of long-term account payables.

Investing Activities

Cash flows from investing activities represent the cash flows used for capital expenditures and asset transactions, including purchases and
sales of property, plant, equipment and intangible assets, acquisition of subsidiaries, acquisition or disposal of financial assets and payments of collateral.

Net cash flows used in investing activities was US$0.8 million in 2024, which was attributable to the acquisition of property, plant and
equipment of US$151,964 mainly for computer, company vehicle and OwlStayroom renovation, acquisition of intangible assets of US$106,