# EDGAR Filing Document

**Accession Number:** 0001964946
**File Stem:** 0001641172-25-024643
**Filing Date:** 2025-8
**Character Count:** 36794
**Document Hash:** 617fbecd8d1fbfd0729e0d1163251aa8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-024643.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0001641172-25-024643

**CONFORMED SUBMISSION TYPE**: F-1/A

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20250818

**DATE AS OF CHANGE**: 20250818

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Youxin Technology Ltd
- **CENTRAL INDEX KEY:** 0001964946
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** F-1/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-289453
- **FILM NUMBER:** 251228554

**BUSINESS ADDRESS:**
- **STREET 1:** ROOM 1005, 1006, 1007, NO. 122
- **STREET 2:** HUANGPU AVENUE WEST, TIANHE DISTRICT
- **CITY:** GUANGZHOU, GUANGDONG PROVINCE
- **STATE:** F4
- **ZIP:** 510000
- **BUSINESS PHONE:** 86 13631357745

**MAIL ADDRESS:**
- **STREET 1:** ROOM 1005, 1006, 1007, NO. 122
- **STREET 2:** HUANGPU AVENUE WEST, TIANHE DISTRICT
- **CITY:** GUANGZHOU, GUANGDONG PROVINCE
- **STATE:** F4
- **ZIP:** 510000

**As filed with the Securities and Exchange Commission on August 18, 2025.**

**Registration No. 333-289453**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**AMENDMENT NO. 1**

**TO**

**FORM F-1**

**REGISTRATION STATEMENT**

**UNDER THE SECURITIES ACT OF 1933**

**YOUXIN TECHNOLOGY LTD**

(Exact Name of Registrant as Specified in Its Charter)

**Not Applicable**

(Translation of Registrant's name into English)

---

| | | |
|:---|:---|:---|
| **Cayman Islands** | **7372** | **Not Applicable** |
| **(**State or other jurisdiction of<br> incorporation or organization) | (Primary Standard Industrial<br> Classification Code Number) | (I.R.S. Employer<br> Identification Number) |

---

---

| | |
|:---|:---|
| **Room 1005, 1006, 1007, No. 122 Huangpu Avenue West, Tianhe District, Guangzhou, Guangdong Province**<br> **People's Republic of China**<br> **Tel: +86 13631357745** | **Puglisi & Associates**<br> **850 Library Avenue, Suite 204**<br> **Newark, Delaware 19711**<br> **Tel: +1 (302) 738-6680** |
| (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's<br> Principal Executive Offices) | (Name, address, including zip code, and<br> telephone number,<br> including area code, of agent for service) |

---

***Copies to:***

---

| | |
|:---|:---|
| **Anthony W. Basch, Esq.**<br> **Alexander W. Powell Jr., Esq.**<br> **Benming Zhang, Esq.**<br> **Kaufman & Canoles P.C.**<br> **Two James Center, 14th Floor**<br> **1021 East Cary Street**<br> **Richmond, Virginia 23219**<br> **Tel: +1 (804) 771-5700** | **Ross D. Carmel, Esq.**<br> **Marcelle Balcombe, Esq.**<br> **Sichenzia Ross Ference Carmel LLP<br> 1185 Avenue of the Americas, 31<sup>st</sup> Floor<br> New York, New York 10036<br> (212) 930-9700** |

---

Approximate date of commencement of proposed sale to public: As soon as practicable after the effective date of this Registration Statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, please check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box, and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards † provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

† The
 term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards
 Board to its Accounting Standards Codification after April 5, 2012.

**The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.**

**EXPLANATORY NOTE**

Youxin Technology Ltd is filing this Amendment No. 1 to its registration statement on Form F-1 (File No. 333-289453) as an exhibits-only filing. Accordingly, this amendment consists only of the facing page, this explanatory note, the Exhibit Index of Part II of the Registration Statement, the signature page to the Registration Statement and the filed exhibit. The remainder of the Registration Statement is unchanged and has therefore been omitted.

**PART II<br> INFORMATION NOT REQUIRED IN PROSPECTUS**

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 1.1\*\* | [Form of Underwriting Agreement](https://www.sec.gov/Archives/edgar/data/1964946/000164117225022822/ex1-1.htm) |
| 3.1\*\* | [Memorandum and Articles of Association (incorporated by reference to Exhibit 3.1 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex3-1.htm) |
| 3.2\*\* | [Second Amended and Restated Memorandum of Association (incorporated by reference to Exhibit 3.2 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex3-2.htm) |
| 3.3\*\* | [Second Amended and Restated Articles of Association (incorporated by reference to Exhibit 3.3 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315224003100/ex3-3.htm) |
| 4.1\*\* | [Registrant's Specimen Certificate for Ordinary Shares (incorporated by reference to Exhibit 4.1 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223045378/ex4-1.htm) |
| 4.2\*\* | [Form of Pre-Funded Warrant](https://www.sec.gov/Archives/edgar/data/1964946/000164117225022822/ex4-2.htm) |
| 4.3\*\* | [Form of Series A Warrant](https://www.sec.gov/Archives/edgar/data/1964946/000164117225022822/ex4-3.htm) |
| 4.4\*\* | [Form of Series B Warrant](https://www.sec.gov/Archives/edgar/data/1964946/000164117225022822/ex4-4.htm) |
| 5.1\* | [Opinion of Ogier regarding the validity of the Ordinary Shares being registered](ex5-1.htm) |
| 8.2\*\* | [Opinion of Kaufman & Canoles, P.C. regarding certain U.S. federal income tax matters](https://www.sec.gov/Archives/edgar/data/1964946/000164117225022822/ex8-2.htm) |
| 10.1\*\* | [Employment Agreement with Shaozhang Lin (incorporated by reference to Exhibit 10.1 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-1.htm) |
| 10.2\*\* | [Employment Agreement with Xirui Guo (incorporated by reference to Exhibit 10.2 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-2.htm) |
| 10.3\*\* | [English translation of the Guangxi Yousen Share Transfer Agreement between Shaozhang Lin, Jinhou Sun, Weizhao Feng and Guangzhou Youxin Technology Co., Ltd. (incorporated by reference to Exhibit 10.3 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-3.htm) |
| 10.4\*\* | [English translation of the Guangxi Yousen Share Transfer Agreement Guangzhou Youxin Technology Co., Ltd, and Shaofen Lin (incorporated by reference to Exhibit 10.4 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-4.htm) |
| 10.5\*\* | [English translation of Share Transfer Agreement between Shareholders of Guangzhou Youxin Technology Co., Ltd. with WFOE. (incorporated by reference to Exhibit 10.5 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-5.htm) |
| 10.6\*\* | [English translation of Share Transfer Agreement between Shareholders of Guangzhou Youxin Technology Co., Ltd. with Songshuibang Smart Technology Co., Ltd. (incorporated by reference to Exhibit 10.6 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-6.htm) |
| 10.7\*\* | [English translation of Service Agreement with Tencent Cloud Computing (Beijing) Co., Ltd. (incorporated by reference to Exhibit 10.7 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-7.htm) |
| 10.8\*\* | [English translation of Service Agreement with Ali Cloud Computing Co., Ltd. (incorporated by reference to Exhibit 10.8 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-8.htm) |
| 10.9\*\* | [English translation of Service Agreement with CICC Financial Technology Changsha Co., Ltd. (incorporated by reference to Exhibit 10.9 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-9.htm) |
| 10.10\*\* | [English translation of Service Agreement with Beijing Jiujia Communication Technology Co., Ltd. (incorporated by reference to Exhibit 10.10 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-10.htm) |
| 10.11\*\* | [Form of Indemnification Agreement between the Registrant and its directors and officers (incorporated by reference to Exhibit 10.11 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315224003100/ex10-11.htm) |
| 10.12\*\* | [English translation of Cooperation Agreement for Software Development between Guangzhou Youxin Technology Co., Ltd. and Guangzhou Huitou Information Technology Co., Ltd. (incorporated by reference to Exhibit 10.12 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-12.htm) |
| 10.13\*\* | [English translation of contract for the Sale of Dealer Management System between Guangzhou Youxin Technology Co., Ltd. and top customer (incorporated by reference to Exhibit 10.13 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-13.htm) |
| 10.14\*\* | [English translation of contract for ordering Youxin Social New Retail System Technical Services to a customer (incorporated by reference to Exhibit 10.14 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex10-14.htm) |
| 14.1\*\* | [Code of Business Conduct and Ethics of the Registrant (incorporated by reference to Exhibit 14.1 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex14-1.htm) |
| 21.1\*\* | [List of Subsidiaries (incorporated by reference to Exhibit 11.2 of our Registration Statement on Form F-1 (File No. 333-274404) filed with the Securities and Exchange Commission on September 7, 2023)](https://www.sec.gov/Archives/edgar/data/1964946/000149315223032000/ex21-1.htm) |
| 23.1\*\* | [Consent of Marcum Asia CPAS, LLP](https://www.sec.gov/Archives/edgar/data/1964946/000164117225022822/ex23-1.htm) |
| 23.2\* | [Consent of Ogier (included in Exhibit 5.1)](ex5-1.htm) |
| 23.3\* | [Consent of Jingtian&Gongcheng (included in Exhibit 99.1)](ex99-1.htm) |
| 23.4\*\* | [Consent of Kaufman & Canoles, P.C. (included in Exhibit 8.2)](https://www.sec.gov/Archives/edgar/data/1964946/000164117225022822/ex8-2.htm) |
| 24.1\*\* | [Power of Attorney (included on signature page to this filing of the Registration Statement on Form F-1)](https://www.sec.gov/Archives/edgar/data/1964946/000164117225022822/formf-1.htm#gg_003) |
| 99.1\* | [Opinion of Jingtian & Gongcheng, People's Republic of China counsel to the Registrant, regarding certain PRC law matters](ex99-1.htm) |
| 107\*\* | [Filing Fee Table](https://www.sec.gov/Archives/edgar/data/1964946/000164117225022822/ex107.htm) |

---

\*\* Previously filed <br> \* Filed herewith

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Guangzhou, China, on August 18, 2025.

---

| | |
|:---|:---|
| **Youxin Technology Ltd** | **Youxin Technology Ltd** |
| By: | */s/ Shaozhang Lin* |
|  | Mr. Shaozhang Lin |
|  | Chief Executive Officer |

---

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| */s/ Shaozhang Lin* | Chief Executive Officer (Principal Executive Officer) | August 18, 2025 |
| Name: Shaozhang Lin |  |  |
| */s/Xirui Guo* | Chief Financial Officer (Principal Financial Officer) | August 18, 2025 |
| Name: Xirui Guo |  |  |
| */s/ Jinhou Sun* | Chairman of the Board of Director | August 18, 2025 |
| Name: Jinhou Sun |  |  |
| */s/Richard Wee Yong Seow* | Independent Director | August 18, 2025 |
| Name: Richard Wee Yong Seow |  |  |
| */s/ Qing Gao* | Independent Director | August 18, 2025 |
| Name: Qing Gao |  |  |
| */s/ Edward C. Ye* | Independent Director | August 18, 2025 |
| Name: Edward C. Ye |  |  |

---

**SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES**

Pursuant to the Securities Act of 1933, the undersigned, the duly authorized representative in the United States of Youxin Technology Ltd., has signed this registration statement or amendment thereto in Newark, Delaware on August 18, 2025.

---

| | |
|:---|:---|
| **Puglisi & Associates** | **Puglisi & Associates** |
| By: | */s/ Donald J. Puglisi* |
| Name: | Donald J. Puglisi |
| Title: | Managing Director |

---

## Exhibit 5.1

**Exhibit 5.1**

![](ex5-1_001.jpg)

---

| | |
|:---|:---|
| **Youxin Technology Ltd** | **D +852 3656 6054** |
|  | **E <u>nathan.powell@ogier.com</u>** |
|  | Reference: NMP/CLE/504131.00003 |

---

12 August 2025

Dear Sirs

**Youxin Technology Ltd (the Company)**

We have acted as Cayman Islands counsel to the Company in connection with the Company's registration statement on Form F-1, including all amendments or supplements thereto (the **Registration Statement**), as filed with the United States Securities and Exchange Commission (the **Commission**) under the United States Securities Act of 1933, as amended to date (the **Act**). The Registration Statement relates to the offering by the Company (the **Offering**) of:

(a) up
 to a certain number of units (**Units**) with each unit consisting of either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) (i)
 one Class A Ordinary Share of USD0.0001 par value each (the **Class A Ordinary Shares**);
 (ii) one Series A Warrant to purchase one Class A Ordinary Share (the **Series A Warrants**)
 pursuant to the Series A Warrant instrument (the **Series A Warrant Instrument**), the
 form of which is exhibited in the Registration Statement; and (iii) one Series B Warrant
 to purchase such number of Class A Ordinary Shares as determined in the Class B Warrant (the **Series B Warrants** and together with the Series A Warrants, the **Ordinary Share Warrant**)
 pursuant to the Series B Warrant instrument, the form of which is exhibited in the Registration
 Statement (the **Series B Warrant Instrument** together with the Series A Warrant Agreement,
 the **Ordinary Share Warrants instrument**); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) (i)
 one pre-funded warrant to purchase one Class A Ordinary Share (the **Pre-Funded Warrants**)
 pursuant to the Pre-Funded Warrant instrument (the **Pre-Funded Warrant Instrument**),
 the form of which is exhibited in the Registration Statement (the Pre-Funded Warrants together
 with the Series A Warrants and Series B Warrants, the **Warrants**), (ii) one Series A
 Warrant and (iii) one Series B Warrant;

(b) up
 to a certain number of Class A Ordinary Shares underlying the Pre-Funded Warrants;

(c) up
 to a certain number of Class A Ordinary Shares underlying the Series A Warrants; and

(d) up
 to a certain number of Class A Ordinary Shares underlying the Series B Warrants.

---

| | | | |
|:---|:---|:---|:---|
| **Ogier**<br> Providing advice on British Virgin Islands, Cayman Islands and Guernsey laws<br>Floor 11 Central Tower<br> 28 Queen's Road Central<br> Central<br> Hong Kong<br>T +852 3656 6000<br> F +852 3656 6001<br> **ogier.com** | **Partners**<br> Nicholas Plowman<br> Nathan Powell<br> Anthony Oakes<br> Oliver Payne<br> Kate Hodson<br> David Nelson<br> Justin Davis<br> Joanne Collett<br> Dennis Li | Cecilia Li\*\*<br> Rachel Huang\*\*<br> Yuki Yan\*\*<br> Florence Chan\*<sup>‡</sup><br> Richard Bennett\*\*<sup>‡</sup><br> James Bergstrom<sup>‡</sup> | \* admitted in New Zealand<br> \*\* admitted in England and Wales<br> <sup>‡</sup> not ordinarily resident in Hong Kong |

---

Page 2 of **6**

The Pre-Funded Warrants, the Series A Warrants and the Series B Warrants are collectively referred to as the **Warrants**.

The Units (including the Class A Ordinary Shares, the Series A Warrants and the Series B Warrants comprised therein), the Pre-Funded Units (including the Warrants comprised therein) and the underlying Class A Ordinary Shares issuable upon the exercise of the relevant Warrants shall be collectively referred to as the **Offering Securities**.

We are furnishing this opinion as Exhibit 5.1 and Exhibit 23.2 to the Registration Statement.

Unless a contrary intention appears, all capitalised terms used in this opinion have the respective meanings set forth in the Documents.

---

| | |
|:---|:---|
| **2** | **Documents examined** |

---

For the purposes of giving this opinion, we have examined originals, copies, or drafts of the following documents (the **Documents**):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 certificate of incorporation of the Company dated 21 October 2022 issued by the Registrar
 of Companies of the Cayman Islands (the **Registrar**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 second amended and restated memorandum and articles of association of the Company adopted
 by the special resolutions passed on 5 December 2023 (the **Memorandum and Articles**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a
 certificate of good standing dated 11 August 2025 (the **Good Standing Certificate**)
 issued by the Registrar in respect of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 register of directors and officers of the Company as provided to us on 8 August 2025 (the **ROD**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a
 copy of the listed shareholder list of the Company as provided to us on 8 August 2025 (the **ROM**, and together with the ROD, the **Registers**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) a
 specimen certificate for Class A Ordinary Shares to be issued by the Company as exhibited
 to the Registration Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) a
 draft form of the Series A Warrant to be issued by the Company as exhibited to the Registration
 Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) a
 draft form of the Series B Warrant to be issued by the Company as exhibited to the Registration
 Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a
 draft form of the Pre-Funded Warrant to be issued by the Company as exhibited to the Registration
 Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) a
 draft form of the underwriting agreement to be entered into between the Company and Aegis
 Capital Corp. in connection with the Offering as exhibited to the Registration Statement
 (the **Underwriting Agreement**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) a
 certificate from a director of the Company dated 12 August 2025 (the **Director's Certificate**);

Page 3 of **6**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) a
 copy of the written resolutions of the directors of the Company dated 8 August 2025 approving
 the Company's filing of the Registration Statement and issuance of the Offering Securities
 (the **Board Resolutions**); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) the
 Registration Statement.

The form of the Series A Warrant, Series B Warrant and Pre-Funded Warrant, together with the Underwriting Agreement shall be collectively referred to as the **Documents**.

---

| | |
|:---|:---|
| **3** | **Assumptions** |

---

In giving this opinion we have relied upon the assumptions set forth in this paragraph 2 without having carried out any independent investigation or verification in respect of those assumptions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 original documents examined by us are authentic and complete;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 copy documents examined by us (whether in facsimile, electronic or other form) conform to
 the originals and those originals are authentic and complete;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all
 signatures, seals, dates, stamps and markings (whether on original or copy documents) are
 genuine;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) each
 of the Good Standing Certificate, the Registers and the Director's Certificate is accurate
 and complete as at the date of this opinion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 Memorandum and Articles provided to us are in full force and effect and have not been amended,
 varied, supplemented or revoked in any respect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) all
 copies of the Registration Statement are true and correct copies and the Registration Statement
 conform in every material respect to the latest drafts of the same produced to us and, where
 the Registration Statement has been provided to us in successive drafts marked-up to indicate
 changes to such documents, all such changes have been so indicated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the
 Board Resolution remains in full force and effect and have not been, and will not be, rescinded
 or amended, and each of the directors of the Company has acted in good faith with a view
 to the best interests of the Company and has exercised the standard of care, diligence and
 skill that is required of him or her in approving the Offering and the transactions set out
 in the Board Resolutions and no director has a financial interest in or other relationship
 to a party of the transactions contemplated by the Offering and the Board Resolutions which
 has not been properly disclosed in the Board Resolutions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) neither
 the directors and shareholders of the Company have taken or will take any steps to wind up
 the Company or to appoint a liquidator or restructuring officer of the Company, and no receiver
 has been or will be appointed over any of the Company's property or assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 Company will issue the Offering Securities in furtherance of its objects as set out in its
 Memorandum;

Page 4 of **6**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) the
 Company will have sufficient authorized but unissued share capital to effect the issue of
 any of the Class A Ordinary Shares at the time of issuance, whether as a principal issue
 or on the conversion, exchange or exercise of any Offering Securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) each
 party (other than the Company) has capacity, power and authority to enter into and perform
 their obligations under all Documents entered into by such parties in connection with the
 issuance of the Offering Securities, and the due execution and delivery thereof by each party
 thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) the
 Company will duly execute and delivery the Documents in the draft form as exhibited in the
 Registration Statement in accordance with the Board Resolutions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) the
 Documents are, or will be, legal, valid, binding and enforceable against all relevant parties
 in accordance with their terms under the laws of the State of New York and all other relevant
 laws(the **Relevant Law**) (other than, with respect to the Company, the laws of the Cayman
 Islands);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) the
 choice of the Relevant Law as the governing law of the Documents has been made in good faith
 and would be regarded as a valid and binding selection which will be upheld by the courts
 of the State of New York and any other relevant jurisdiction (other than the Cayman Islands)
 as a matter of the Relevant Law and all other relevant laws (other than the laws of the Cayman
 Islands);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) no
 invitation has been or will be made by or on behalf of the Company to the public in the Cayman
 Islands to subscribe for any Ordinary Unit or Pre-Funded Unit and none of the Ordinary Unit
 nor Pre-Funded Unit (nor the Class A Ordinary Shares underlying such securities) have been
 offered or issued to residents of the Cayman Islands;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) no
 monies paid to or for the account of any party under the Documents or in connection with
 any Offering Securities issuable under the Documents or any property received or disposed
 of by any party to the Documents or in connection with the Offering Securities issuable under
 the Documents, or the consummation of the transactions contemplated thereby represent or
 will represent proceeds of criminal conduct or criminal property or terrorist property (as
 defined in the Proceeds of Crime Act (As Revised) and the Terrorism Act (As Revised), respectively);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) upon
 the issue of any Class A Ordinary Shares, whether as a principal issue or on the conversion,
 exchange or exercise of the Offering Securities in connection with the Offering, the Company
 will receive consideration for the full issue price which shall be equal to at least the
 par value thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) the
 Company is, and after the issuance (where applicable) of the Offering Securities, able to
 pay its liabilities as they fall due; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) there
 is no provision of the law of any jurisdiction, other than the Cayman Islands, which would
 have any implication in relation to the opinions expressed herein.

Page 5 of **6**

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|:---|:---|
| **4** | **Opinions** |

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On the basis of the examinations and assumptions referred to above and subject to the limitations and qualifications set forth in paragraph 4 below, we are of the opinion that:

**Corporate status**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Company has been duly incorporated as an exempted company with limited liability and is validly
 existing and in good standing with the Registrar under the laws of the Cayman Islands.

**Authorised Share capital**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 authorised share capital of the Company is US$50,000 divided into (i) 400,000,000 class A
 ordinary shares of a par value of US$0.0001 each and (ii) 100,000,000 class B ordinary shares
 of a par value of US$0.0001 each.

**Valid Issuance of Class A Ordinary Shares**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 Class A Ordinary Shares included in the Units to be offered and issued by the Company as
 contemplated by the Registration Statement have been duly authorised for issue and when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) issued
 by the Company against payment in full of the consideration thereof in accordance with the
 terms set out in the Registration Statement, the terms set out in the applicable definitive
 Documents referred to within the Registration Statement and the Company's then effective
 memorandum and articles of association; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) such
 issuance of Class A Ordinary Shares have been duly registered in the Company's register
 of members as fully paid shares and payment of the consideration specified therein (being
 not less than the par value of the Class A Ordinary Shares) has been made,

will be validly issued, fully paid and non-assessable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The
 Class A Ordinary Shares issuable pursuant to the Warrants (the **Underlying Shares**),
 when the relevant Warrants are exercisable under the terms of the applicable definitive agreement
 approved by the Board as referred to within the Registration Statement have been duly reserved
 and authorised for issue and when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) issued
 by the Company upon due exercise of the relevant Warrants in accordance with the terms of
 the applicable definitive Documents as referred to in the Registration Statement and in accordance
 with the Company's then effective memorandum and articles of association; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) such
 issuance of Class A Ordinary Shares have been duly registered in the Company's register
 of members as fully paid shares and payment of the consideration specified therein (being
 not less than the par value of the Class A Ordinary Shares) has been made,

will be, subject to payment of the exercise price therefor under the terms of the applicable agreement, validly issued, fully paid and non-assessable.

Page 6 of **6**

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|:---|:---|
| **5** | **Limitations and Qualifications** |

---

5.1 We
 offer no opinion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as
 to any laws other than the laws of the Cayman Islands, and we have not, for the purposes
 of this opinion, made any investigation of the laws of any other jurisdiction, and we express
 no opinion as to the meaning, validity, or effect of references in the Documents to statutes,
 rules, regulations, codes or judicial authority of any jurisdiction other than the Cayman
 Islands;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) except
 to the extent that this opinion expressly provides otherwise, as to the commercial terms
 of, or the validity, enforceability or effect of the Registration Statement, the accuracy
 of representations, the fulfilment of warranties or conditions, the occurrence of events
 of default or terminating events or the existence of any conflicts or inconsistencies among
 the Registration Statement and any other agreements into which the Company may have entered
 or any other documents; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) as
 to whether the acceptance, execution or performance of the Company's obligations under
 the Registration Statement or the applicable definitive agreement will result in the breach
 of or infringe any other agreement, deed or document (other than the Company's Memorandum
 and Articles) entered into by or binding on the Company.

5.2 Under
 the Companies Act (Revised) (the **Companies Act**) of the Cayman Islands annual returns
 in respect of the Company must be filed with the Registrar, together with payment of annual
 filing fees. A failure to file annual returns and pay annual filing fees may result in the
 Company being struck off the Register of Companies, following which its assets will vest
 in the Financial Secretary of the Cayman Islands and will be subject to disposition or retention
 for the benefit of the public of the Cayman Islands.

5.3 In **good standing** means only that as of the date of this opinion the Company is up-to-date
 with the filing of its annual returns and payment of annual fees with the Registrar. We have
 made no enquiries into the Company's good standing with respect to any filings or payment
 of fees, or both, that it may be required to make under the laws of the Cayman Islands other
 than the Companies Act.

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| | |
|:---|:---|
| **6** | **Governing law of this opinion** |

---

6.1 This
 opinion is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) governed
 by, and shall be construed in accordance with, the laws of the Cayman Islands;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) limited
 to the matters expressly stated in it; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) confined
 to, and given on the basis of, the laws and practice in the Cayman Islands at the date of
 this opinion.

6.2 Unless
 otherwise indicated, a reference to any specific Cayman Islands legislation is a reference
 to that legislation as amended to, and as in force at, the date of this opinion.

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| | |
|:---|:---|
| **7** | **Reliance** |

---

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to our firm under the headings "*Enforceability of Civil Liabilities*" and "*Legal Matters*" of the Registration Statement. In giving such consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the U.S. Securities Act of 1933, as amended, or the Rules and Regulations of the Commission thereunder.

This opinion may be used only in connection with the offer and sale of the Units while the Registration Statement is effective.

Yours faithfully

/s/ Ogier

**Ogier**

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)