Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 11

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 11
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 their careers, the members of our management team and Board of Directors have developed
a broad network of contacts and corporate relationships that we believe will serve as a useful source of merger opportunities. We plan
to utilize the network and industry experience of our management team and Board of Directors in seeking an initial Business Combination
and employing our strategy.

Geographic
and Sector Focus

Our
objective is to identify and merge with a target that is based in Asia, excluding China, Hong Kong and Macau, and who is advancing a
platform for developing breakthrough technology in life sciences and/or advancing a platform for sustainable technology. We will not
pursue or consummate our initial Business Combination with any entity with its principal business operations in China, Hong Kong or Macau.

9

Opportunities
in Asia (Excluding China, Hong Kong and Macau)

Asia
remains a largely underdeveloped market with high potential and untiring endeavor of innovation, but with limited access to global capital
today. We believe that there are enormous opportunities to bring privately held companies in Asia (excluding China, Hong Kong and Macau)
to the U.S. capital markets and accelerate the growth of the businesses, particularly in the aforementioned areas, which we aim to capture
and realize through a Business Combination. According to the International Monetary Fund, Asia accounted for 30.6% of global GDP in terms
of purchasing parity in 2000, and reached 44.6% in 2020, and according to McKinsey, as of the time of our IPO it was on track to exceed
50% by 2040. This growth is driven by rapid technology innovation and digital transformation, infrastructure development, population
growth with greater literacy, and new consumer profiles with an ever-expanding middle-class, among others.

Asian
businesses have risen rapidly to have global prominence over the past few decades. At the time of our IPO, the region comprised 43% of
the world’s 5,000 largest companies by revenue according to McKinsey and 36% of global unicorns by valuation according to PitchBook.
However, both private and public investments have not been allocated accordingly with Asia lagging far behind their overseas peers. As
of December 31, 2020, all public companies listed on the Asian exchanges collectively constituted 34.7% of the global market capitalization,
whereas the U.S. exchanges alone represented 43.5%. In addition, despite its broader index underperforming, public companies in emerging