Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 540

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1B
Chunk 540
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Proposal

The Shareholders approved the proposal to approve the business
combination (the “Business Combination”) reflected by the Amended and Restated Business Combination Agreement, dated
May 23, 2024, as amended on December 20, 2024 (the “Business Combination Agreement”).

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Proposal No. 2 – The Charter Proposal

The Shareholders approved the proposal to approve the Amended
and Restated Certificate of Incorporation of the Company (the “Amended Charter”).

Proposals No. 3A-3F – The Advisory
Governance Proposals

The Shareholders approved six separate governance proposals
(on a non-binding advisory basis in accordance with the requirements of the U.S Securities and Exchange Commission) relating to material
differences between the current certificate of incorporation and the Amended Charter, and the current bylaws of the Company and Amended
and Restated Bylaws of the Company to be in effect upon completion of the Business Combination. Specifically:

3A:Name Change – To
change the Company name to “OSR Holdings, Inc.”

3B:Preferred Stock – To
increase the number of shares of preferred stock that can be issued from 1,000,000 shares to 20,000,000 shares.

3C:Increase Vote Required for
Removal of Directors – To provide that directors may be removed by the affirmative vote of the holders of at least
66 2/3% of the voting power instead of for cause and by the affirmative vote of holders of a majority of the voting power.

3D:Corporate Opportunity –
To eliminate the current limitations on the corporate opportunity doctrine.

3E:Change in Quorum –
To provide that the quorum required for stockholder meetings is the holders of one-third in voting power of then outstanding shares of
capital stock entitled to vote at the meeting instead of the holders of a majority in voting power of then outstanding shares of capital
stock entitled to vote at the meeting.

3F:Additional Charter Amendments –
To approve all other changes including eliminating certain provisions related to special purpose acquisition companies that will no longer
be relevant following the closing of the Business Combination.

Proposal No. 4 – The Incentive Plan
Proposal

The Shareholders approved the proposal to adopt the new omnibus
incentive plan in the form attached as Annex H to the Proxy Statement.

Proposal No. 5 – The Director Election
Proposal

The Shareholders approved the proposal