Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 307

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 307
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 recognized by the Group in relation to
the defined contribution retirement benefit plan for the three-months ended March 31, 2025 and 2024 are $194,659 and $58,442, respectively.

(19)Related party transactions

As
of March 31, 2025, the Group’s related parties are as follows:

  Type   Related parties  Ultimate parent entity   Bellevue Capital Management LLC  Major shareholder of the Parent   BCM Europe AG  Subsidiaries   RSM, VAXIMM, Darnatein, OSR Holdings, Inc.  Associates   Taction Co., Ltd.  Other related parties   Bellevue Global Life Sciences Investors LLC 

There
are no sales and procurement transactions and treasury transactions with related parties for the three-months ended March 31, 2025 and
2024. The Group acquired Vaximm from BCM Europe AG in December 2022 (Transaction between entities under common control), which is disclosed
in detail in Note 27 Business combinations.

Details
of receivables and payables from related party transactions as at March 31, 2025 and December 31, 2024 are as follows:

     March 31, 2025     Related parties  Short-term borrowings   Key management  Individuals  $641,323   Bellevue Global Life Sciences Acquisition Corp  Other related parties  $300,716   Bellevue Capital Management Europe AG  Major shareholder of the Parent  $862,053  

     December 31, 2024     Related parties   Short-term borrowings  Key management  Individuals  $340,136 

20

Compensations
paid or accrued to key management of the Parent for the three months ended March 31, 2025 and 2024 are as follows:

    For the three-month ended 

    March 31, 2025  
    March 31, 2024 
  
    Salaries 
    $80,701  
    $104,344 

The
Group’s key management includes registered directors who have important authority and responsibility for planning, operation, and
control of the Group’s business activities.

No
collateral or guarantee were provided for related parties and were received from related parties as of March 31, 2025 and December 31,
2024.

(20)Administrative expenses

Details
of administrative expenses for the three months ended March 31, 202