Company: CHPG
Filing Date: 2025-10-20
Form Type: 8-K
Source: 0001213900-25-100238
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Company: ChampionsGate Acquisition Corp
Filing Date: 2025-10-20
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement

As previously announced by ChampionsGate Acquisition Corporation (“ CHPG”
or the “ Company”), on July 31, 2025, Mr. Bala Padmakumar, then Chairman, CEO and director of notified the board of directors
(the “ Board”) of the Company, that he has decided to resign all the positions he held at the Company, effective immediately.

On October 17, 2025, the Board decided to appoint Mr. Boon Liat Timothy
Lim, a Singapore national, as the new Chairman, CEO and director of the Company, effective immediately.

Mr. Boon Liat Timothy Lim, age 60, joins the Company as its
new Chairman, CEO and director in October 2025. Mr. Lim has brought to the Company more than two decades of executive leadership and operational
management experience in Southeast Asia. Since January 2022, Mr. Lim has served as an independent consultant, advising business leaders
on a variety of strategic and management issues. Previously, Mr. Lim served in various roles at Dragon Group International Ltd (“ Dragon
Group”), an investment holding company previously listed on the Singapore Stock Exchange, including as an executive director and
president of its APA group from 2006 to 2012, executive director and member of the board from 2009 to December 2021, and President and
Acting CEO from April 2020 to December 2021. In these roles, Mr. Lim managed the company’s business development and strategies across
various business lines. In addition, Mr. Lim also held various roles at ASTI Holdings Ltd., the parent company of the Dragon Group and
a major semiconductor developer listed on the Singapore Stock Exchange (SGX: 575), where he served as Group Administrative Officer from
2013 to December 2021, and as Executive Director and member of the board of directors from 2004 to December 2021. In his role as Group
Administrative Officer, Mr. Lim supervised a variety of corporate functions for the group and its portfolio companies around the world.
Earlier in his career, Mr. Lim served as the President of ASEAN and India of Dragon Technology Distribution Pte. Ltd., a semiconductor
component distributor, from 2003 to 2006. Before that, from 1997 to 2003, he founded and served as the Managing Director of Influx Technology
Pte. Ltd., a semiconductor component distributor, before