Recent Updates — BSAA

Naoda Investments Limited transferred all of its ordinary shares in BEST SPAC I (Holdings) Corp. to A SPAC (Holdings) Group Corp., resulting in the Buyer holding 100% of the Sponsor. The Sponsor directly holds 1,375,000 Class B ordinary shares and 277,000 Class A ordinary shares underlying private placement units, representing approximately 80.0% of the Company’s issued and outstanding ordinary shares. No changes were made to the directors or officers of the Company. In connection with the transfer, Yun Chen resigned as the sole director of the Sponsor, and Claudius Tsang was appointed as the sole director of the Sponsor, sharing voting and investment discretion with Kam Chi Kin regarding the securities held by the Sponsor. This company operates in the special purpose acquisition company (SPAC) industry, raising capital to identify and merge with a target business.