Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 1

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 1
Chunk 1
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, investing in non-listed business entities around the world with the potential of being listed on an
international stock exchange within a period of 24 to 30 months, which in turn allows KVC to exit its investments within the following
six to twelve months. Some of KVC’s investee companies have grown to be among the top players in their industries, and some achieved
among the largest initial public offerings within their respective categories.

Although we expect we may
benefit from our affiliation with KVC, KVC does not have any legal or contractual obligation to seek on our behalf or present to us investment
opportunities that might be suitable for our business. We may in the future engage KVC as a financial advisor for our business combination
or other transactions for which it would be entitled to compensation.

Mr. Jason Wong is the founder
and CEO of Norwich Investment Limited, an investment holding company that is also the sponsor of Tottenham Acquisition I Limited (Nasdaq:
TOTA), a $46 million SPAC that successfully merged with Clene Nanomedicine Inc. (Nasdaq: CLNN), a biopharmaceutical company, valued at
$542.5 million in December 2020, with approximately $31.9 million of the IPO funds remaining in the trust account at the closing of the
merger. As of July 6, 2023, the market capitalization of CLNN was approximately $64.3 million. He is also the sole director and CEO of
Ace Global Investment Limited, which is the sponsor of Ace Global Business Acquisition Limited, a $46 million SPAC listed on Nasdaq (Nasdaq:
ACBA), which announced its merger with LE Worldwide Limited, a smart greenhouse solutions provider with a pre-money enterprise value of
approximately $150 million, in December 2022; and the sole manager of Soul Venture Partners, LLC, which is the sponsor of Inception Growth
Acquisition Limited, a $103.5 million SPAC listed on Nasdaq (Nasdaq: IGTA). Mr. Jason Wong also served as an independent director of DT
Asia Investment Limited, a $69 million SPAC previously listed on Nasdaq, which consummated its business combination in July 2016 with
China Lending Group (“CLG”), valued at $193.2 million at the closing of its merger. CLG was subsequently renamed Roan Holdings
Group Co., Ltd. (OTC Pink Sheets: RAHGF), and as of July