Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 309

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 309
---
 Digital Pte Ltd as part of the group restructuring. After this restructuring, Otsaw Digital was 100% owned by the Company. In January 2024, the Company issued 1,987,791 Class A ordinary shares (4,373,140 prior to the 2025 Reverse Share Split) as part of a USD8,746,280 loan to share capital conversion (note 20). The holders of the Class A Ordinary Shares and the Class B Ordinary Share rank pari passu with one another and have the same rights, preferences, privileges and restrictions, except holders of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as one class on all resolutions submitted to a vote by the Members. At a general meeting, each Class A Ordinary Share shall entitle the holder thereof to one (1) vote on all matters subject to vote at general meetings of the Company, and each Class B Ordinary Share shall entitle the holder thereof to that number of votes equal to sixty (60) percent of the total number of Class A Ordinary Shares and Class B Ordinary Shares outstanding as at the record date for determining those Shareholders that are entitled to vote at the general meetings of the Company. 16.Otsaw-Swisslog Healthcare Joint Venture In November 2021, Otsaw Technology Solutions Pte. Ltd. (“Otsaw Technology”) and Swisslog Healthcare Holding AG (“Swisslog Healthcare”) entered into a series of agreements to establish the Otsaw -SwisslogJV. Swisslog Healthcare, headquartered in Switzerland, is a leading global provider of hospital automated intralogistics solutions. Swisslog Healthcare is a highly regarded provider of AGV solutions, in the business of developing, manufacturing and selling AGVs as well as providing maintenance services under service contracts. Swisslog carries out its AGV business in several countries and their customers are mainly hospitals and contractors engaged by hospitals. Since the establishment of the Otsaw -SwisslogJV, Otsaw has been responsible for developing the next -generationof TransCar solutions worldwide. Otsaw has taken over further development of the TransCar’s navigation technology to upgrade the existing TransCar platform with our autonomous navigation competencies and core software technologies. The next -generationTranscar 5.0 is designed as a seamless drop -inreplacement for the previous TransCar, originally developed and deployed by Swisslog Healthcare. This allows Otsaw to deploy our AMR into hospitals without requiring any infrastructure changes, ensuring a low entry barrier for adoption.