Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 288

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 288
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 |              |       100.00 | % |     |     |       100.00 | % |     |     | —           |
| Obook Holdings Inc.      |          | OwlNest Inc.           |            | Property         
 management       
 system provider  |                 |              |       100.00 | % |     |     |            — |   |     |     | —           |
| OwlTing Japan Inc.       |          | OwlPay Japan Inc.      |            | Payment          
 solutions        |                 |              |       100.00 | % |     |     |       100.00 | % |     |     | —           |
| Obook Inc.               |          | OwlStay Inc.           |            | Accommodation    
 business         |                 |              |       100.00 | % |     |     |       100.00 | % |     |     | —           |
| OwlPay Holdings PTE. LTD |          | PayNow Inc.            |            | Payment gateway  
 services         |                 |              |        99.38 | % |     |     |            — |   |     |     | Note        |

Note: PayNow Inc. was acquired through a merger during 2023. Further details are provided in Note 5. F-11

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued)

| (c) | Foreign Currency |

The presentation currency of the Company is the U.S. dollar. The functional currency is the currency of the primary economic environment in which the entity operates. The financial statements of the Company’s foreign subsidiaries are translated into the Company’s presentation currency, the U.S. dollar. The functional currency of certain of the Company’s foreign subsidiaries is the local currency of the subsidiary. Accordingly, the assets and liabilities of the Company’s foreign subsidiaries are translated into U.S. dollars using the exchange rate in effect at each balance sheet date. Equity accounts are translated at historical rates. Revenue and expense accounts are generally translated using the average exchange rate of that period. Foreign currency translation adjustments are accumulated as a component of other comprehensive income as a separate component of stockholders’ equity.

| (d) | Classification of Current and Noncurrent Assets and Liabilities |

Current assets are assets held for trading purposes and expected to be converted to cash, sold or consumed within one year from the end of the reporting period. Current liabilities are obligations incurred for trading