De-SPAC Transaction Criteria
Consistent with our business strategy, we have identified the following general criteria and guidelines that we believe are important in evaluating prospective target businesses. While we will use these criteria and guidelines generally in evaluating acquisition opportunities, we may eventually decide to enter into our De-SPAC Transaction with a target business that may fall outside of these criteria and guidelines. These general criteria and guidelines include:
High-growth market with high barriers to entry;
Aligned with economic trends and national industrial policies of China;
Industry leader with clear competitive advantages;
Experienced and visionary management team;
Potential benefits from timely access to capital markets;
Superior financials with high return on equity; and
ESG friendly business model and corporate governance.
These criteria are not exhaustive. Any evaluation relating to the merits of a particular De-SPAC Transaction may be based, to the extent relevant, on these general guidelines as well as other considerations, factors and criteria that our management may deem relevant. In the event that we decide to enter into our De-SPAC Transaction with a De-SPAC Target that falls outside of the above criteria and guidelines, we will disclose such information in the communications related to our De-SPAC Transaction with our Shareholders.
The Chinese economy has enjoyed rapid growth in recent years, driven by urbanisation, consumption upgrade, technology innovation and de-carbonisation, with numerous unlisted unicorns continuing to grow in the innovative technology, consumer and new retail, advanced manufacturing, healthcare and climate action sectors.
In the event that we decide to enter into our De-SPAC Transaction with a De-SPAC Target that does not fall into any of the above sectors, we will disclose that in our Shareholder communications related to our De-SPAC Transaction.