Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 78

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 78
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 per share
(“Company Common Stock”), outstanding at the close of business on January 27, 2025, the record date for the Special
Meeting. At the Special Meeting, the holders of 2,179,383 shares of Company Common Stock, or 93.95% of the voting power of all outstanding
Company Common Stock were represented in person or by proxy, which constituted a quorum.

Set
forth below are the proposals voted upon at the Special Meeting (each of which is described in the Proxy Statement.

Proposal
No. 1 – The Business Combination Proposal

The
Shareholders approved the proposal to approve the business combination (the “Business Combination”) reflected by the
Amended and Restated Business Combination Agreement, dated May 23, 2024, as amended on December 20, 2024 (the “Business Combination
Agreement”).

Proposal
No. 2 – The Charter Proposal

The
Shareholders approved the proposal to approve the Amended and Restated Certificate of Incorporation of the Company (the “Amended
Charter”).

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Proposals
No. 3A-3F – The Advisory Governance Proposals

The
Shareholders approved six separate governance proposals (on a non-binding advisory basis in accordance with the requirements of the U.S
Securities and Exchange Commission) relating to material differences between the current certificate of incorporation and the Amended
Charter, and the current bylaws of the Company and Amended and Restated Bylaws of the Company to be in effect upon completion of the
Business Combination. Specifically:

    3A:
    Name
    Change – To change the Company name to “OSR Holdings, Inc.”

    3B:
    Preferred
    Stock – To increase the number of shares of preferred stock that can be issued from 1,000,000 shares to
    20,000,000 shares.

    3C:
    Increase
    Vote Required for Removal of Directors – To provide that directors may be removed by the affirmative vote
    of the holders of at least 66 2/3% of the voting power instead of for cause and by the affirmative vote of holders of a majority
    of the voting power.

    3D:
    Corporate
    Opportunity – To eliminate the current limitations on the corporate opportunity doctrine.

    3E:
    Change
    in Quorum – To provide that the quorum