Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
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Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
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ITEM 1. BUSINESS

Introduction

We are a blank check company
incorporated in the BVI on June 18, 2021, under the original name of Central Acquisition Limited as a BVI business company with limited
liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company
over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition,
share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer
to throughout this annual report as our “initial business combination.” On June 18, 2021, we issued 1,000 ordinary shares
to Central Group Limited, a company beneficially owned by Mr. Jason Wong. On September 8, 2021, we changed our name to Keen Vision Acquisition
Corporation. On September 30, 2021, Central Group Limited transferred the 1,000 ordinary shares to KVC Sponsor LLC. Any liabilities, debts,
commitments and/or obligations relating to the period prior to the acquisition of the Company by KVC Sponsor LLC has been undertaken and
shall be borne by Mr. Jason Wong.

Our efforts to identify a
prospective target business is not limited to a particular industry or geographic region.

Our sponsor is KVC Sponsor
LLC, founded by Keen Vision Capital (BVI) Limited (“KVC”), a single-family office firm solely involved in PE investments founded
by Mr. Kenneth Wong, and Mr. Jason Wong, who has been dealing in private equity for several decades. We refer to Mr. Kenneth Wong and
Mr. Jason Wong as our founders.

Our founders bring together
a combined total of over 55 years of well-rounded experience in the areas of entrepreneurship, corporate operations, buy-side investments
(PE investments and exits, de-SPACs), and sell-side corporate finance (fundraisings, listings, and mergers and acquisitions), all of which
is integral to a successful special purpose acquisition company (SPAC). We believe that, with the combination of these professional skill
sets, coupled with our founders’ global network resources, we will be able to accelerate our target’s timetable in becoming
one of its industry’s leading players, optimizing development, and generating appealing risk-adjusted returns for our investors.

Mr. Kenneth Wong founded KVC
as a single-family office in 2011