We intend to focus on businesses with a connection to the Asian market. We will primarily seek to acquire one or more growth businesses with a total enterprise value of between $300 million and $600 million. Our focus will include these sectors: clean energy, the Internet and high technology, financial technology (FinTech), health care, consumer and retail, energy and resources, manufacturing and education. We believe that we will add value to these businesses primarily by providing them with access to the U.S. capital markets. We shall not consider or undertake a business combination with an entity or business with its principal or a majority of its business operations (either directly or through any subsidiaries) in the People’s Republic of China (including Hong Kong and Macau).  (Incorporated in the Cayman Islands) 

We will seek to capitalize on the strength of our management team. Collectively, our officers and directors have decades of experience in mergers and acquisitions, and operating companies, in Asia.

Dr. Zhe Zhang, a former executive director at Goldman Sachs Beijing, has served as our chairman and CEO since April 2021. Before entering the private sector, Dr. Zhang spent 14 years with the Ministry of Commerce in the People’s Republic of China; his role included service as a diplomat stationed in Europe.

Mr. Guojian Chen has served as our director and CFO since March 2021. Mr. Chen is also an independent director of Venus Acquisition Corp. Mr. Chen has also served as the secretary of the board of Beijing ChinaReel Art Exchange Inc., a leading copyright operator focusing on high-quality video content, since May 2020.

(Note: Alpha Star Acquisition Corp. announced the pricing of its SPAC IPO on Monday morning, Dec. 13, 2021, in line with the terms of its prospectus: 10 million units at $10 each to raise $100 million. The stock started trading on the NASDASQ on Monday, Dec. 13, 2021, at 12:16 p.m. EST.)