Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 844

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 844
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 (“Still
Waters”), an asset management company based in London, specializing in the development and management of renewable energy and power
generation assets. Prior to Still Waters, Mr. Zhang served as an independent director of TKK Symphony Acquisition Corporation from 2018
to 2020. Since May 2013, Dr. Zhang has been a Founding Partner of SIFT Capital, an asset manager licensed by the Securities and Futures
Commission (SFC) of Hong Kong and China Securities Regulatory Commission (CSRC). From January 2000 to April 2013, Dr. Zhang was an Executive
Director at Goldman Sachs Beijing, where he was a member of the Supervisory Board of Goldman’s Beijing Office and led multiple
overseas acquisitions by Chinese state-owned enterprises and listed companies. Before entering the private sector, Dr. Zhang had spent
14 years with the Ministry of Commerce of the People’s Republic of China, including some time as a diplomat stationed in Europe.
Dr. Zhang currently sits on the board of China Oxford Scholarship Fund and is involved in the process for scholarship awardee selection
every year. Dr. Zhang holds a Ph.D. degree from China University of International Business and Economics, Master degrees from both Peking
University (LL.M.) and Oxford University (Magister Juris), and a B.A. degree from Shanghai Institute of Foreign Trade.

Number
and Terms of Office of Officers and Directors

Our
Board of Directors consists of seven members. Holders of our Founder Shares have the right to appoint all of our directors prior to consummation
of our initial Business Combination and holders of our Public Shares do not have the right to vote on the appointment of directors during
such time. These provisions of our Articles may only be amended by a special resolution passed by at least 90% of our ordinary shares
voting in a general meeting. Each of our directors holds office for a two-year term. Subject to any other special rights applicable to
the shareholders, any vacancies on our Board of Directors may be filled by the affirmative vote of a majority of the directors present
and voting at the meeting of our Board of Directors or by a majority of the holders of our Founder Shares.

Our
officers are appointed by the Board of Directors and serve at the discretion of the Board of Directors, rather than for specific terms
of office. Our Board of Directors is authorized to appoint persons to the offices set forth in our Articles as it deems appropriate.
Our Articles provides that our officers may consist of