Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 314

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 314
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 Company, for a loan of US$1,243,170 at an interest rate of 12% which matures on December 31, 2025 and is due to be paid upon listing of our Class A Ordinary Shares on Nasdaq. As of April 30, 2024 and 2023, the outstanding balance under this loan was US$1,277,871 and US$0 respectively. Mr. Goh Way Siong was previously also a director of the Company and resigned on August 31, 2024. (6)In the prior year, the Company obtained funds from Ararrat Capital Pte. Ltd., a company owned by director. The loan is unsecured, bears interest at 6% per annum and repayable on demand. As of April 30, 2024 and 2023, the outstanding balance under this loan was US$1,103,749 and US$0, respectively, which was all accrued interest. 21.Significant related party transactions A related party is defined as follows: (a)A person or a close member of that person’s family is related to the Group and Company if that person: (i)Has control or joint control over the Company; (ii)Has significant influence over the Company; or (iii)Is a member of the key management personnel of the Company or of a parent of the Company. (b)An entity is related to the Group and the Company if any of the following conditions applies: (i)The entity and the Company are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others);

F-34

OTSAW LIMITED AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 21.Significant related party transactions (cont.) (ii)One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a Company of which the other entity is a member); (iii)Both entities are joint ventures of the same third party; (iv)One entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v)The entity is a post -employmentbenefit plan for the benefit of employees of either the Company or an entity related to the Company. If the Company is itself such a plan, the sponsoring employers are also related to