Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 175

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 175
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 partnerships with financial service providers in various jurisdictions. The time and resources required for obtaining payment-related licenses across various jurisdictions may also create a barrier to entry for our potential
competitors.

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Our AML and Cybersecurity Capability

We partner with industry leading service providers, including Napier, Dow Jones, Chainalysis and Sumsub, to develop comprehensive AML systems.
By integrating these providers’ various functions into one cohesive infrastructure, our AML system can scan not only transactions happening between bank accounts, but also transactions between digital asset wallets and between a bank account
and a digital asset wallet.

We also invest in data and cybersecurity. Payment instructions on the OwlPay platform can be encrypted
with hardware security module technology, a specialized security device used to manage, process, and store digital keys securely, ensuring cryptographic operations are performed within a tamper-resistant environment. We are compliant with
international standards, such as ISO 27001 and PCI DSS. ISO 27001 is an international standard for information security. PCI DSS is the global data security standard that any business of any size must adhere to in order to accept payment cards.

Our Understanding of Blockchain Technology and its Diverse Applications

By leveraging our almost a decade of experience in the industry, we are committed to applying blockchain technology to improve operational
efficiency for businesses in multiple industries. With OwlTing Blockchain Services, we offered a line of software solutions to help SMEs tackle their pain points with blockchain technology. For example, we implemented supply chain management
and the IoT device using our OwlTing Blockchain Services system in the rice paddy fields in eastern Taiwan, allowing farmers to track and store farm products data on blockchain to maximize traceability and transparency. We also apply
the OwlTing Blockchain Services system in multiple industries, including a traceability system of woods for the Forestry and Nature Conservation Agency of Taiwan.

We also apply our understanding of blockchain technology in our hospitality offerings. OwlNest, our PMS, enables our hospitality
customers to coordinate reservations across distribution channels, accept customer payments directly on their websites, and manage hotel room inventory and bookings. OwlNestis integrated with a blockchain infrastructure to automate channel
management and avoid double booking. As of September 30, 2024, we served more than 2,500 hospitality providers on OwlNest.

Our Platform in Business Services

We believe our experience with the e-commerce and hospitality
sectors has the potential to provide a network of established customers and partners who are an initial market for our payment products and