Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 436

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 436
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 governance and nomination committee. The Board of Directors adopted
a new charter for each of these committees, which comply with the applicable requirements of current SEC and Nasdaq rules. The Company
intends to comply with future requirements to the extent applicable. The Company Board may from time to time establish other committees.

98

Audit Committee 

As of the completion of the Business Combination, the members of our
audit committee consist of Mr. Jee, Mr. Lee and Mr. Park, with Mr. Park serving as the chairperson of this audit committee.
The composition of the Company’s audit committee will meet the requirements for independence under the current Nasdaq listing standards
and SEC rules and regulations. Each member of the audit committee is financially literate and the “audit committee financial expert”
as defined in Item 407(d)(5)(ii) of Regulation S-K will be Mr. Park. This designation does not impose on
Mr. Park any duties, obligations or liabilities that are greater than are generally imposed on members of our audit committee and
the board of directors. The audit committee will be directly responsible for, among other things:

●selecting a firm to serve as the independent registered public
accounting firm to audit our financial statements;

●ensuring the independence of the independent registered public
accounting firm;

●discussing the scope and results of the audit with the independent
registered public accounting firm and reviewing, with management and that firm, our interim and year-end operating results;

●establishing procedures for employees to anonymously submit
concerns about questionable accounting or audit matters;

●considering the adequacy of our internal controls and internal
audit function;

●reviewing material related party transactions or those that
require disclosure; and 

●approving or, as permitted, pre-approving all audit
and non-audit services to be performed by our independent registered public accounting firm.

Our Audit Committee Charter is included as an exhibit to this Annual
Report on Form 10-K. You can also review the Audit Committee Charter by accessing our public filings at the SEC’s website at www.sec.gov.

Compensation Committee 

As of the completion of the Business Combination, the members of the
Company’s compensation committee consist of Dr. Barberis, Dr. Mah and Mr. Kim, with Dr. Mah serving as the chairperson.
Each member of this committee is a non-employee director, as defined by Rule