v3.25.2
S-K 1603(c) Fiduciary Duties to Other Companies
Sep. 25, 2025
Fiduciary Duties to Other Companies, SPAC Officers and Directors [Line Items]  
SPAC Officers and Directors, Fiduciary Duties to Other Companies, Description [Text Block]

Under British Virgin Islands law, directors and officers owe the following fiduciary duties:

(i)     duty to act in good faith in what the director or officer believes to be in the best interests of the company as a whole;

(ii)    duty to exercise powers for the purposes for which those powers were conferred and not for a collateral purpose;

(iii)   directors should not improperly fetter the exercise of future discretion;

(iv)   duty not to put themselves in a position in which there is a conflict between their duty to the company and their personal interests; and

(v)    duty to exercise independent judgment.

Fiduciary Duties to Other Companies, SPAC Officers and Directors [Table Text Block]

Below is a table summarizing the entities to which our officers, directors and director nominees currently have fiduciary duties or contractual obligations which will take priority over us.

Individual

 

Entity/company name

 

Entity’s Business/industry

 

Affiliation/Position
(e.g. CEO/CFO/Director/
Managing Director/
Chairman/Chairperson)

Yongsheng Liu

 

•   Scienjoy Holding Corporation

 

•   provider of mobile live streaming platforms in China

 

•   Director

   

•   SunCar Technology Group Inc.

 

•   cloud-based provider of digitalized enterprise auto services and auto insurance service in China

 

•   Independent Director

Individual

 

Entity/company name

 

Entity’s Business/industry

 

Affiliation/Position
(e.g. CEO/CFO/Director/
Managing Director/
Chairman/Chairperson)

   

•   Wealth Path Holding Limited

 

•   Investment

 

•   Director

Zhen Li

 

—

 

—

 

—

Jining Li

 

•   Wealth Path Holding Limited

 

•   Investment

 

•   Director

   

•   Keen Nice Communications Limited

 

•   Investment

 

•   Director

Russelle Kinpui Choi

 

•   Success Universal Group Limited

 

•   Property, entertainment, travel and hotel business

 

•   Non-Executive Director

Angela Lee

 

—

 

—

 

—

Laurent Patrick André Michelon

 

•   Golden Bridge Growth Limited

 

•   fund management, SPAC investments and mergers & acquisitions

 

•   Director of Marketing & Business Development (Europe)

   

•   Kalliste Consulting

 

•   consulting

 

•   Marketing Strategy Consultant