Company: KVACU
Filing Date: 2025-03-07
Form Type: 10-K
Source: 0001213900-25-021314
Chunk: 433

Company: Keen Vision Acquisition Corp.
Filing Date: 2025-03-07
Form: 10-K
Item: Item 3
Chunk 433
---
 management or other
fees from the combined company. All these fees will be fully disclosed to shareholders, to the extent then known, in the tender offer
materials or proxy solicitation materials furnished to our shareholders in connection with a proposed business combination. It is unlikely
the amount of such compensation will be known at the time, because the directors of the post-combination business will be responsible
for determining executive officer and director compensation. Any compensation to be paid to our executive officers will be determined
by a compensation committee constituted solely of independent directors.

We do not intend to take any
action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination,
although it is possible that some or all of our executive officers and directors may negotiate employment or consulting arrangements to
remain with us after the initial business combination. The existence or terms of any such employment or consulting arrangements to retain
their positions with us may influence our management’s motivation in identifying or selecting a target business but we do not believe
that the ability of our management to remain with us after the consummation of our initial business combination will be a determining
factor in our decision to proceed with any potential business combination. We are not party to any agreements with our executive 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 as of March 6, 2025, the number of ordinary
shares beneficially owned by (i) each person who is known by us to be the beneficial owner of more than five percent of our issued and
outstanding ordinary shares, (ii) each of our officers and directors and (iii) all of our officers and directors as a group.

38

Unless otherwise indicated,
we believe that all persons named in the table 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
Ordinary
Shares
Beneficially 
Owned  
    Approximate 
Percentage of
 Outstanding
Ordinary
 Shares 
  
    KVC Sponsor LLC(2)   
     4,416,075  
     39.5%
  
    WONG, Kenneth K.C.(2)   
     4,416,075  
     39.5%
  
    DAVIDKHANIAN, Alex