Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 230

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 230
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, federal or state securities laws, or a finding of any violation of federal or state securities laws, except for matters that were dismissed without sanction or settlement. Except as set forth in our discussion below in “Related Party Transactions,” our directors and officers have not been involved in any transactions with us or any of our affiliates or associates which are required to be disclosed pursuant to the rules and regulations of the SEC. 141 DIRECTOR AND EXECUTIVE COMPENSATION We currently do not have a compensation committee approving our salary and benefit policies. We will have a compensation committee upon the Company’s listing on Nasdaq. Our board of directors determined the compensation to be paid to our executive officers based on our financial and operating performance and prospects, and contributions made by the officers to our success. Each of the named officers is expected to be measured by a series of performance criteria by the board of directors, or the compensation committee on a yearly basis. Such criteria are expected to be set forth based on certain objective parameters such as job characteristics, required professionalism, management skills, interpersonal skills, related experience, personal performance and overall corporate performance. Our board of directors has not adopted or established a formal policy or procedure for determining the amount of compensation paid to our executive officers. The board of directors will make an independent evaluation of appropriate compensation to key employees, with input from management. The board of directors has oversight of executive compensation plans, policies and programs. Compensation of Executive Directors and Executive Officers For the fiscal year ended April 30, 2025, we paid an aggregate of SGD 729,310.44 (approximately USD 546,504.64 ), which is the total amount of base salary plus bonus, in cash to our executive officers and executive directors. For the six months ende d October 31, 2024, we paid an aggregate of SGD 331,391.30 (approximately US D 248, 326.19 ) which is the total amount of base salary plus bonus, in cash to our executive officers and executive directors. F or the fiscal year end ed April 30, 2024, we paid an aggregate of SGD 645,142.84 (approximately USD 483,434.10 ), which is the total amount of base salary plus bonus, in cash to our executive officers and executive directors. For the fiscal year ended April 30, 2023, we paid an aggregate of SGD 459,912.26 (approximately USD 344,632.60 ), which is the total amount of base salary, in cash