Company: BSAAR
Filing Date: 2025-01-10
Form Type: DRS
Source: 0001213900-25-002596
Chunk: 286

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-01-10
Form: DRS
Chunk 286
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|                        |     | A SPAC III Acquisition Corp.         |     | SPAC                       |     | Independent Non-Executive Director |
| Huachen Zhang          |     | GoFintech Innovation Limited         |     | Investment Holding Company |     | Co-CEO                             |
| Prescille Chu Cernosia |     | Olin College of Engineering          |     | Education Institution      |     | Director                           |
|                        |     | Roxbury Alpha Fit Club LLC           |     | Fitness Center             |     | Director                           |
| Heyi Chen              |     | Visionary Capital Investment Limited |     | Investment                 |     | Chief Investment Officer           |

165 Accordingly, if any of the above officers or directors become aware of a business combination opportunity which is suitable for any of the above entities to which he or she has then -currentfiduciary or contractual obligations, he or she will honor his or her fiduciary or contractual obligations to present such business combination opportunity to such entity, and only present it to us if such entity rejects the opportunity, subject to his or her fiduciary duties under British Virgin Islands law. Our amended and restated memorandum and articles of association will provide that, subject to his or her fiduciary duties under British Virgin Islands law, we renounce our interest or expectancy in any corporate opportunity offered to any officer or director unless such opportunity is expressly offered to such person solely in his or her capacity as a director or officer of our company and such opportunity is one we are legally and contractually permitted to complete on a reasonable basis. As a result, the fiduciary duties, conflicts of interest or contractual obligations of our officers or directors could materially affect our ability to complete our initial business combination. In particular, Mr. Xiangge Liu is an Independent Non -ExecutiveDirector of A SPAC III Acquisition Corp., a special purpose acquisition company that is in search of business combination targets. Because ASPC has not identified a target business, Mr. Liu has a pre -existingfiduciary obligation to present potential target businesses to ASPC, and will therefore present any potential target businesses to it prior to presenting them to us. We are not prohibited from pursuing an initial business combination with a company that is affiliated with our sponsor, officers or directors. In the event we seek to complete our initial business combination with such a company, we, or a committee of independent directors, would obtain an opinion from an independent investment banking firm or an independent accounting firm or any other firm that commonly renders valuation opinions