Company: VMCWF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001827
Chunk: 850

Company: Valuence Merger Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 850
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 proceed with any potential Business Combination. We are not party to any
agreements with our officers and directors that provide for benefits upon termination of employment.

ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS.

The
following table sets forth information regarding the beneficial ownership of our ordinary shares as of the date of this Annual Report,
by:

    ●
    each
    person known by us to be a beneficial owner of more than 5% of our outstanding ordinary shares of, on an as-converted basis;

    ●
    each
    of our officers and directors; and

    ●
    all
    of our officers and directors as a group.

69

The
following table is based on 7,369,892 ordinary shares outstanding as of the date of this Annual Report, of which 7,369,890 were Class
A ordinary shares and 2 were Class B ordinary shares. Unless otherwise indicated, it is believed that all persons named in the table
below have sole voting and investment power with respect to all ordinary shares beneficially owned by them.

    Name and Address of Beneficial Owner(1) 
    Number of Class A Ordinary Shares Beneficially Owned  
    Percentage of Outstanding Class A Ordinary Shares  
    Number of Class B Ordinary Shares Beneficially Owned  
    Percentage of Outstanding Class B Ordinary Shares  
    Percentage of Combined Voting Power 
  
    Sung Yoon Woo 
     -  
     -  
     -  
     -  
     - 
  
    Sungwoo (Andrew) Hyung 
     -  
     -  
     -  
     -  
     - 
  
    Sungsik (Sung) Lee 
     -  
     -  
     -  
     -  
     - 
  
    Dr. Gene Young Cho 
     -  
     -  
     -  
     -  
     - 
  
    Dr. Joong Myung Cho 
     -  
     -  
     -  
     -  
     - 
  
    John Kim 
     -  
     -  
     -  
     -  
     - 
  
    Young Min Kim 
     -  
     -  
     -