Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 79

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 79
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 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 |

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.