Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 291

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1A
Chunk 291
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Item 1A.	Risk Factors 

In addition to the other information contained in (or incorporated
by reference into) this proxy statement/prospectus, including the matters addressed under the heading “Cautionary Note Regarding Forward-Looking Statements,”
you should carefully consider the following risk factors in deciding how to vote on the proposals presented in this proxy statement/prospectus.
Following the Business Combination the Company will operate in a market environment that is difficult to predict and that involves significant
risks, many of which will be beyond its control. You should carefully consider the risks described below. The occurrence of one or more
of the events or circumstances described in these risk factors, alone or in combination with other events or circumstances, may have a
material adverse effect on the Company’ business, reputation, revenue, financial condition, results of operations and future prospects,
in which event the market price of the Company securities could decline, and you could lose part or all of your investment. Unless otherwise
indicated, reference in this section and elsewhere in this Form 10-K Report to the Company’s and/or OSR’s business being adversely
affected, negatively impacted or harmed will include an adverse effect on, or a negative impact or harm to, the business, reputation,
financial condition, results of operations, revenue and future prospects of the Company.

Risks Related to the Business Combination and Business Combination
Agreement

The Company’s Chief Executive Officer and one of our directors
was previously the Chief Executive Officer and is currently the Chairman of the Board of OSR. These dual positions (i) create conflicts
of interest in the performance of his duties; and (ii) may provide for him to receive compensation following the Business Combination
that amplified his conflicts of interest in determining whether the transaction was the most advantageous.

The Company’s Chief Executive Officer and one of its directors,
Kuk Hyoun Hwang, was previously the Chief Executive Officer and is currently the Chairman of the Board of OSR. Such dual positions may
cause him to have conflicts of interest in performing his duties to both companies. Mr. Hwang is expected to remain with the Company
following the completion of the Business Combination and receive future compensation in the form of cash payments and/or the Company securities
for services he would render to the Company going forward. The personal and financial interests of Mr. Hwang may have influenced
his motivation in negotiating the Business Combination and in managing the combined Company going forward. Despite the approval of the