# EDGAR Filing Document

**Accession Number:** 0001912588
**File Stem:** 0001213900-23-020672
**Filing Date:** 2023-3
**Character Count:** 28192
**Document Hash:** 8071a87330f2e87a30bbd2c69f733470
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-020672.hdr.sgml**: 20230316

**ACCESSION NUMBER**: 0001213900-23-020672

**CONFORMED SUBMISSION TYPE**: SC 13D/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230316

**DATE AS OF CHANGE**: 20230316

**GROUP MEMBERS**: SAU FONG YEUNG

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Feutune Light Acquisition Corp
- **CENTRAL INDEX KEY:** 0001912582
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 874620515
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93698
- **FILM NUMBER:** 23739815

**BUSINESS ADDRESS:**
- **STREET 1:** 48 BRIDGE STREET
- **STREET 2:** BUILDING A
- **CITY:** METUCHEN
- **STATE:** NJ
- **ZIP:** 08840
- **BUSINESS PHONE:** 909-214-2482

**MAIL ADDRESS:**
- **STREET 1:** 48 BRIDGE STREET
- **STREET 2:** BUILDING A
- **CITY:** METUCHEN
- **STATE:** NJ
- **ZIP:** 08840
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Feutune Light Sponsor LLC
- **CENTRAL INDEX KEY:** 0001912588
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 48 BRIDGE STREET
- **STREET 2:** BUILDING A
- **CITY:** METUCHEN
- **STATE:** NJ
- **ZIP:** 08840
- **BUSINESS PHONE:** 9092142482

**MAIL ADDRESS:**
- **STREET 1:** 48 BRIDGE STREET
- **STREET 2:** BUILDING A
- **CITY:** METUCHEN
- **STATE:** NJ
- **ZIP:** 08840

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, DC 20549** 

**SCHEDULE 13D/A**

**Under the Securities Exchange Act of 1934** 

**FEUTUNE LIGHT ACQUISITION CORPORATION**

**(Name of Issuer)**

**Class A Common Stock, par value $0.0001 per share** 

**(Title of Class of Securities)**

**31561T 102** 

**(CUSIP Number)**

**Yuanmei Ma**

**Chief Financial Officer**

**48 Bridge Street, Building A**

**Metuchen, New Jersey 08840**

**Telephone Number: (347) 329-1575**

**(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)**

**March 14, 2023**

**(Date of Event Which Requires Filing of this Statement)** 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 3d-1(f) or 13d-1(g), check the following box. ☐

**Note:** Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. *See* Rule 13d-7 for other parties to whom copies are to be sent.

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

**SCHEDULE 13D** 

**CUSIP No. 31561T 102**

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1 | Name of reporting persons<br> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<br>Feutune Light Sponsor LLC (the "Sponsor")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;2 | Check the appropriate box if a member of a group\*<br> (a) ◻ (b) ◻<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;3 | SEC use only<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;4 | Source of funds\*<br>OO<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;5 | Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)<br>◻  |
| &nbsp;&nbsp;&nbsp;&nbsp;6 | Citizenship or place of organization<br>Delaware<br>|

---

---

| | | |
|:---|:---|:---|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with | &nbsp;&nbsp;&nbsp;&nbsp;7 | Sole voting power<br>2,493,275 (1)<br>|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with | &nbsp;&nbsp;&nbsp;&nbsp;8 | Shared voting power<br>|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with | &nbsp;&nbsp;&nbsp;&nbsp;9 | Sole dispositive voting power<br>2,493,275 (1) <br>|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with | 10 | Shared dispositive power<br>|

---

---

| | |
|:---|:---|
| 11 | Aggregate amount beneficially owned by each reporting person<br>2,493,275 (1)<br>|
| 12 | Check box if the aggregate amount in row (11) excludes certain shares\*<br>◻  |
| 13 | Percent of class represented by amount in row (11)<br>19.5%<br>|
| 14 | Type of reporting person\*<br>CO<br>|

---

(1) It includes (i) 1,938,750 shares
of Class B Common Stock (the "Founder Shares") acquired by the Sponsor prior to the intila public offering (the "Offering")
of Feutune Light Acquisition Corporation (the "Issuer"); (ii) 478,875 shares of Class A Common Stock acquired by the
Sponsor via a private placement closed simultaneously with the consummation of the Offering and the exercise of the underwriters'
over-allotment in full, and (iii) 75,650 Founder Shares acquired by the Sponsor from certain directors, officers or employees of the
Issuer pursuant to certain securities purchase agreement entered among the parties dated March 14, 2023.

**SCHEDULE 13D** 

**CUSIP No. 31561T 102**

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;1 | Name of reporting persons<br> I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<br>Sau Fong Yeung<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;2 | Check the appropriate box if a member of a group\*<br> (a) ◻ (b) ◻<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;3 | SEC use only<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;4 | Source of funds\*<br>OO<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;5 | Check box if disclosure of legal proceedings is required pursuant to Item 2(d) or 2(e)<br>◻  |
| &nbsp;&nbsp;&nbsp;&nbsp;6 | Citizenship or place of organization<br>Hong Kong SAR, PRC<br>|

---

---

| | | |
|:---|:---|:---|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with | &nbsp;&nbsp;&nbsp;&nbsp;7 | Sole voting power<br>2,493,275(2)<br>|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with | &nbsp;&nbsp;&nbsp;&nbsp;8 | Shared voting power<br>|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with | &nbsp;&nbsp;&nbsp;&nbsp;9 | Sole dispositive voting power<br>2,493,275 (2)<br>|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with | 10 | Shared dispositive power<br>|

---

---

| | |
|:---|:---|
| 11 | Aggregate amount beneficially owned by each reporting person<br>2,493,275 (2) <br>|
| 12 | Check box if the aggregate amount in row (11) excludes certain shares\*<br>◻  |
| 13 | Percent of class represented by amount in row (11)<br>19.5%<br>|
| 14 | Type of reporting person\*<br>IN<br>|

---

(2) Ms. Sau Fong Yeung is the sole manager of the Sponsor, and as
such may be deemed to have sole voting and investment discretion with respect to the shares of Common Stock held by the Sponsor.

**SCHEDULE 13D**

**CUSIP No. 31561T 102**

This statement relates (the "**Schedule 13D**") to the Class A Common Stock, par value $0.001 (the "**Class A Common Stock**"), issued by Feutune Light Acquisition Corporation (the "**Issuer**"). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Except as otherwise provided herein, each Item of the Schedule 13D remains unchanged.

**Item 1.** **Security and Issuer.**

Securities acquired: Class A Common Stock, $0.0001 par value.

Issuer: Feutune Light Acquisition Corporation

48 Bridge Street, Building A

Metuchen, New Jersey 08840

**Item 2.** **Identity and Background.**

(a) This statement is filed by Feutune Light Sponsor LLC, a Delaware limited liability company (the "**Sponsor**") and Sau Fong Yeung ("**Ms. Yeung**", with Sponsor, the "**Reporting Persons**"). The Sponsor is the holder of record of approximately 19.5% of the Issuer's outstanding Common Stock based on the number of Common Stock outstanding as of March 14, 2023 (including Class A Common Stock and Class B Common Stock on as converted basis) and Ms. Yeung is the sole manager of the Sponsor and deemed to have sole voting and investment discretion with respect to the shares of Common Stock held by the Sponsor.

(b) The principal business address of each of the Reporting Persons is 48 Bridge Street, Building A, Metuchen, NJ 08840.

(c) Sponsor is a sponsor of the Issuer and primarily involved in investment. Ms. Yeung is the manager of Sponsor.

(d) During the past five years, none of the Reporting Persons or to the knowledge of the Reporting Persons, the persons identified in this Item 2, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) During the past five years, none of the Reporting Persons or to the knowledge of the Reporting Persons, the persons identified in this Item 2, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was the subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal and state securities laws of findings any violation with respect to such laws.

(f) The Sponsor is a limited liability company incorporated in the State of Delaware. The Citizenship of Ms. Yeung is the Hong Kong Special Administrative Region, People's Republic of China, and Ms. Yeung is a U.S. permanent resident.

**Item 3.** **Source and Amount of Funds or Other Consideration.**

The information set forth in Items 4 and 5 of this Schedule 13D are hereby incorporated by reference into this Item 3.

**SCHEDULE 13D**

**CUSIP No. 31561T 102**

**Item 4.** **Purpose of Transaction.**

On February 2, 2022, the Sponsor acquired 2,443,750 shares of Class B Common Stock (the "**Founder Shares**") of the Issuer for an aggregate purchase price of $25,000 pursuant to a securities purchase agreement. The shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock when the Issuer consummates an initial business combination, on a one-for-one basis, subject to adjustments.

On or immediately following June 15, 2022, the Sponsor transferred the aggregated amount of 505,000 Founder Shares to certain officers, directors, and the secretary of the Issuer at its original purchase price pursuant to a certain share transfer agreement.

On June 21, 2022, simultaneous with the closing of the Offering and the exercise of the underwriters' over-allotment in full, the Sponsor purchased 478,875 units (the "**Private Units**") from the Issuer at $10.00 per share for a total purchase price of $4,788,750. Each Private Unit consist of one share of Class A Common stock, one redeemable warrant and one right to receive one-tenth (1/10) of one share of Class A Common Stock.

On March 14, 2023, pursuant to certain securities purchase agreement among the Sponsor, the CEO, President, CFO and secretary of the Issuer (together "the Affiliates"), the Sponsor repurchased an aggregate of 75,650 Founder Shares from the Affiliates.

Depending on prevailing market, economic and other conditions, the Reporting Persons may from time to time acquire additional shares of Class A Common Stock or engage in discussions with the Issuer concerning future acquisitions of shares of its capital stock. Such acquisitions may be made by means of open-market purchases, privately negotiated transactions, direct acquisitions from the Issuer or otherwise.

Except as set forth in this Item 4, none of the Reporting Persons has any plans or proposals that relate to or would result in: (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the present Board or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure, including but not limited to, if the issuer is a registered closed-end investment company; (g) changes in the Issuer's charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those enumerated above.

The Reporting Persons may, at any time and from time to time, formulate other purposes, plans or proposals regarding the Issuer, or any other actions that could involve one or more of the types of transactions or have one or more of the results described in clauses (a) through (j) of Item 4 of Schedule 13D.

**SCHEDULE 13D**

**CUSIP No. 31561T 102**

**Item 5.** **Interest in Securities of the Issuer.**

(a) The responses to Items 7 - 13 of the cover pages of this Schedule 13D are incorporated herein by reference. The aggregate number and percentage of Common Stock beneficially or directly owned by the Reporting Persons is based upon a total of 12,777,625 shares Common Stock outstanding as of March 14, 2023 (including Class A Common Stock and Class B Common Stock on as converted basis). The Reporting Persons collectively beneficially own 2,493,275 shares of Common Stock, representing approximately 19.5% issued and outstanding shares of Common Stock (including Class A Common Stock and Class B Common Stock on as converted basis).

(b) The responses to Items 7 - 13 of the cover pages of this Schedule 13D are incorporated herein by reference. The beneficial ownership of the Sponsor is 2,493,275 shares of Common Stock, representing approximately 19.5% issued and outstanding shares of Common Stock. In addtiona, Ms. Yeung, the sole manager of the Sponsor, is deemed to have sole voting and investment discretion with respect to the shares of Common Stock held by the Sponsor.

(c) Other than the disposition of the shares as reported in this Schedule 13D, no actions in the common stock were effected during the past sixty (60) days by the Reporting Persons.

(d) N/A

(e) N/A

**Item 6.** **Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.**

The information set forth in Items 4 of this Schedule 13D are hereby incorporated by reference into this Item 6.

**SCHEDULE 13D**

**CUSIP No. 31561T 102**

**Item 7.** **Materials to be Filed as Exhibits.**

Item 7 of the Schedule 13D is hereby amended by adding the following to the end of the section:

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 7.1 | [Joint Filing Agreement, dated March 14, 2023.](ea175214ex7-1_feutune.htm) |
| 10.1 | [Securities Purchase Agreement between the registrant and the Spnsor dated February 2, 2022.\*](http://www.sec.gov/Archives/edgar/data/1912582/000121390022019042/ea157979ex10-5_feutune.htm) |
| 10.2 | [Securities Transfer Agreement dated June 15, 2022 between the Sponsor and certain directors and officers of the Issuer.\*](http://www.sec.gov/Archives/edgar/data/1912582/000121390022033883/ea161808ex10-7_feutunelight.htm) |
| 10.3 | [Private Units Purchase Agreement between the Registrant and the Sponsor dated June 15, 2022.\*](http://www.sec.gov/Archives/edgar/data/1912582/000121390022033883/ea161808ex10-4_feutunelight.htm) |
| 10.4 | [Securities Transfer Agreement dated March 14, 2023 between the Sponsor and certain directors and officers of the Issuer.](ea175214ex10-4_feutune.htm) |

---

\* Previously Filed

**SCHEDULE 13D**

**CUSIP No. 31561T 102**

**SIGNATURES**

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

Date: March 16, 2023

---

| | |
|:---|:---|
| ***Feutune Light Sponsor LLC*** | ***Feutune Light Sponsor LLC*** |
| By: | /s/ Sau Fong Yeung |
| Name: | Sau Fong Yeung |
| Title: | Sole Manager |

---

## Exhibit 7.1

**Exhibit 7.1**

JOINT FILING AGREEMENT

The undersigned agree that this Schedule 13D, and any amendments hereto, relating to the Class A common stock, par value of US$0.0001 per share of Feutune Light Acquisition Corporation, a Delaware corporation whose principal place of business is in Metuchen, New Jersey, shall be filed on behalf of the undersigned.

March 16, 2023

---

| | |
|:---|:---|
| ***Feutune Light Sponsor LLC*** | ***Feutune Light Sponsor LLC*** |
| By: | /s/ Sau Fong Yeung |
| Name: | Sau Fong Yeung |
| Title: | Sole Manager |

---

## Exhibit 10.4

**Exhibit 10.4**

**SECURITIES TRANSFER AGREEMENT**

This Securities Transfer Agreement is dated and effective as of, March 14, 2022 (this "<u>Agreement</u>"), by and among Feutune Light Sponsor LLC, a Delaware limited liability company (the "<u>Buyer</u>"), and the parties identified on the signature page hereto (each a "<u>Seller</u>" and collectively, the "<u>Sellers</u>").

WHEREAS, the Buyer is the sponsor of Feutune Light Acquisition Corporation, a Delaware special purpose acquisition company (the "<u>Company</u>"), listed on the Nasdaq Global Market and formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities;

WHEREAS, each of the Sellers is an officer, director, employee or other associated personnel (and/or its designee) of the Company;

WHEREAS, on February 2, 2022, the Buyer acquired 2,443,750 shares of the Company's Class B common stock, $0.0001 par value ("the "<u>Founder Share(s)</u>") at the aggregate purchase price of $25,000, or approximately $0.01023 per share;

WHEREAS, on June 21, 2022, the Company consummated its initial public offering (the "<u>IPO</u>") of 9,775,000 units, each consisting one share of Class A common stock, $0.0001 par value per share, and one redeemable warrant;

WHEREAS, in connection with the IPO and pursuant to certain Securities Transfer Agreement dated June 15, 2022, the Buyer transferred a total of 505,000 Founder Shares to certain directors, officers or employees of the Company, including 445,000 Founder Shares to the Sellers, with the details set forth in <u>Schedule I</u> of this Agreement;

WHEREAS, on the terms and subject to the conditions set forth in this Agreement, the Buyer wishes to re-acquire from the Sellers and the Sellers wish to sell back to the Buyer of 75,650 Founder Shares (which shall convert into Class A Common Stock at closing of the business combination), at the original per share purchase price, as set forth in <u>Schedule II</u> of this Agreement; and

NOW, THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

Section 1. **Transfer of Shares**. Sellers hereby sell, transfer and assign the aggregated amount of 75,650 Founder Shares (collectively, the "Repurchase Shares") in the respective amounts as set forth on the <u>Schedule II</u> attached hereto; and the Buyer agrees to purchase the Repurchase Shares for the aggregate purchase price of $773.9 as set forth on Schedule II. The transfer of the Repurchase Shares shall be accompanied by an opinion of counsel that the transfer of the Repurchase Shares is being made pursuant to an applicable exemption from registration.

Section 2. **No Conflicts**. Each party represents and warrants that neither the execution and delivery of this Agreement by such party, nor the consummation or performance by such party of any of the transactions contemplated hereby, with or without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under any agreement to which it is a party.

Section 3. **Investment Representations**. Buyer represents and warrants, with respect to itself only, as set forth herein. Buyer hereby acknowledges that an investment in the Founder Shares involves certain significant risks. Buyer has no need for liquidity in its investment in the Founder Shares for the foreseeable future and is able to bear the risk of that investment for an indefinite period. Such acknowledges and hereby agrees that the Founder Shares will not be transferable under any circumstances unless registered by the Company in accordance with federal and state securities laws or sold in compliance with an exemption under such laws and such transfer complies with all applicable lock-up restrictions on the Buyer (as described in the Company's final prospectus filed on June 17, 2022, with the U.S. Securities & Exchange Commission (the "<u>Final Prospectus</u>"), under the Securities Act of 1933, as amended (the "<u>Act</u>"). Buyer further understands and agrees that Buyer will continue to be bound by the letter agreement entered between the Company, the Buyer, and other parties dated June 15, 2022, setting forth, among other provisions, the foregoing transfer restrictions.

The Founder Shares are being acquired solely for such Buyer's own account, for investment purposes only, and are not being purchased with a view to or for the resale, distribution, subdivision or fractionalization thereof; and Buyer has no present plans to enter into any contract, undertaking, agreement or arrangement for such resale, distribution, subdivision or fractionalization. Buyer has been given the opportunity to (i) ask questions of and receive answers from the Sellers and the Company concerning the terms and conditions of the Founder Shares, and the business and financial condition of the Company and (ii) obtain any additional information that the Sellers possess or can acquire without unreasonable effort or expense that is necessary to assist Buyer in evaluating the advisability of the purchase of the Founder Shares and an investment in the Company. Buyer is not relying on any oral representation made by any person as to the Company or its operations, financial condition or prospects. Buyer is an "accredited investor" as defined in Regulation D promulgated by the U.S. Securities & Exchange Commission under the Act.

Section 5. **Representations and Warranties**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Sellers jointly and severally represent and warrant to Buyer that Sellers have good and marketable title to the Founder Shares free and clear of all liens and encumbrances and that, upon updating the records of ownership, Buyer will have good and marketable title to the Founder Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The execution, delivery and performance by the parties of this Agreement and the consummation of the transfer have been duly authorized by all necessary action on the part of the relevant parties, and no further approval or authorization is required on the part of such Party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) This Agreement will be valid and binding on each Party and enforceable against such Party in accordance with its terms, except may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent transfer or conveyance, moratorium or similar laws affecting the enforcement of creditors rights generally and general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity.

Section 6. **Survival**. The representations, warranties, covenants and agreements made in this Agreement shall survive any investigation made by any party hereto and the closing of the transactions contemplated hereby.

Section 7. **Miscellaneous**. This Agreement, together with the certificates, documents, instruments and writings that are delivered pursuant hereto, constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter. This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument. This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto. Except as otherwise provided herein, no party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party.

IN WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set forth above.

---

| | |
|:---|:---|
| **BUYER:** | **BUYER:** |
| **FORTUNE RISE SPONSOR LLC** | **FORTUNE RISE SPONSOR LLC** |
| By: | /s/ Sau Fong Yeung |
| Name: | Sau Fong Yeung |
| Title: | Manager |

---

---

| | |
|:---|:---|
| **SELLER** |  |
| **/s/ Xuedong Tian** | **/s/ Yuanmei Ma** |
| **Xuedong Tian** | **Yuanmei Ma** |
| **/s/ Lei Xu** | **/s/ De Mi** |
| **Lei Xu** | **De Mi** |

---

[*Signature Page to Securities Transfer Agreement*]

**Schedule I – June 15, 2022 Transfer**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Name of <br> Transferee of June<br> 15, 2022 Agreement** | &nbsp;&nbsp;**Number of Assigned<br> Shares** | &nbsp;&nbsp;**Number of Assigned<br> Shares** |
| &nbsp;&nbsp;**Name of <br> Transferee of June<br> 15, 2022 Agreement** | &nbsp;&nbsp;**Shares Purchased** | &nbsp;&nbsp;**Purchase Price** |
| &nbsp;&nbsp;Xuedong Tian | &nbsp;&nbsp;141000 | &nbsp;&nbsp;1442.43 |
| &nbsp;&nbsp;Lei Xu | &nbsp;&nbsp;153000 | &nbsp;&nbsp;1565.19 |
| &nbsp;&nbsp;Yuanmei Ma | &nbsp;&nbsp;141000 | &nbsp;&nbsp;1442.43 |
| &nbsp;&nbsp;De Mi | &nbsp;&nbsp;10000 | &nbsp;&nbsp;$102.30 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;445000 | &nbsp;&nbsp;$4552.30 |

---

**Schedule II –March 14, 2023 Transfer**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name of Sellers** <br> **of this Agreement** | &nbsp;&nbsp;**Repurchase Shares** | &nbsp;&nbsp;**Repurchase Shares** | &nbsp;&nbsp;**Remaining Shares** |
| &nbsp;&nbsp; **Name of Sellers** <br> **of this Agreement** | &nbsp;&nbsp;**Number of Shares** | &nbsp;&nbsp;**Sale Price** | &nbsp;&nbsp;**Remaining Shares** |
| &nbsp;&nbsp;Xuedong Tian | &nbsp;&nbsp;23970 | &nbsp;&nbsp;245.21 | &nbsp;&nbsp;117030 |
| &nbsp;&nbsp;Lei Xu | &nbsp;&nbsp;26010 | &nbsp;&nbsp;266.08 | &nbsp;&nbsp;126990 |
| &nbsp;&nbsp;Yuanmei Ma | &nbsp;&nbsp;23970 | &nbsp;&nbsp;245.21 | &nbsp;&nbsp;117030 |
| &nbsp;&nbsp;De Mi | &nbsp;&nbsp;1700 | &nbsp;&nbsp;17.39 | &nbsp;&nbsp;8300 |
| &nbsp;&nbsp; **Total** | &nbsp;&nbsp;75650 | &nbsp;&nbsp;773.9 | &nbsp;&nbsp;369350 |

---