Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 274

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 274
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 Pte Ltd, minority shareholders received shares in Otsaw Digital Pte Ltd and Otsaw Limited. 3On November 16, 2023, Otsaw Swisslog Healthcare Robotics Pte Ltd converted SGD6,133,156 shareholders loan to share capital by issuing 10,000 additional shares to Otsaw Technologies Solutions Pte Ltd. Otsaw Technologies Solutions Pte Ltd effective ownership interest increased from 72.7% to 87% after the shareholder loan conversion. On January 11, 2024, Otsaw Technologies Solutions Pte Ltd increased it’s shareholding in Otsaw Swisslog Healthcare Robotics Pte Ltd by 1,333 shares through the exercise of an option relating to the Swisslog asset acquisition on 1 December 2021. Cash payment of SGD451,000 was made for full consideration. Otsaw Technologies Solutions Pte Ltd effective ownership interest increased from 87% to 93.3% after exercise the purchase option. 4On January 31, 2024 Otsaw Logistic Pte Ltd which was loss making and did not form part of Otsaw’s core business was sold to Mr Ling, a related party, the founder and CEO of Otsaw for consideration of SGD1. 2.Summary of significant accounting policies 2.1Basis of preparation The Consolidated financial statements of the Group and the statement of financial position of the Company have been prepared in accordance with International Financial Reporting Standards (IFRS) under the historical cost convention, except as disclosed in the accounting policies below. In the current year, the Company has adopted all the new and revised IFRSs that are relevant to its operations and effective for current financial year. The adoption of these new or revised IFRSs did not result in changes to the Company’s accounting policies and has no material effect on the current or prior year’s Consolidated financial statements and is not expected to have a material effect on future periods.

F-10

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 2.Summary of significant accounting policies (cont.) Standards issued but not yet effective The Group will apply for the first -timecertain standards and amendments, which are effective for annual periods beginning on or after May 1, 2024. The Group has not early adopted any other standard, interpretation or amendment that has been issued