Business: |
(Incorporated in the Cayman Islands)
Our efforts to identify a prospective target business will not be limited to a particular industry, while we intend to focus on identifying a prospective target business in North America, South America, Europe, or Asia.
Deyin (Bill) Chen has been Lakeshore’s Chief Executive Officer and Chief Financial Officer since October 2024. He has also been Lakeshore’s director since November 2022. He served as the Chief Executive Officer and the Chairman as well as the managing member of the sponsor (Redone Investment Limited) of Lakeshore Acquisition I Corp. (Nasdaq: LAAA) until the closing of Lakeshore I’s merger with ProSomnus Inc. on December 6, 2022. He served as the Chief Executive Officer and the Chief Financial Officer as well as the managing member of the sponsor (Redone Investment Limited) of Lakeshore Acquisition II Corp. (Nasdaq: LBBB) until the closing of Lakeshore II’s merger with Nature’s Miracle Holding Inc. on March 11, 2024. Mr. Chen has a mixed background of engineering, finance, and operation management across industries and continents. Mr. Chen has been an independent advisor for merger and acquisition and equity transactions since August 2015. From February 2020 until March 2021, Mr. Chen has served as a Special Advisor for Newborn Acquisition Corp. (NASDAQ: NBAC), a special purpose acquisition company that completed a business combination with Nuvve Corporation in March 2021. Since May 2017, Mr. Chen has served as Chief Executive Officer of Shanghai Renaissance Investment Management Co. Ltd., a licensed private equity firm in China that he founded. From March 2014 to August 2015, Mr. Chen served as Executive Vice President of Sanpower Group, a private conglomerate based in China, where he was in charge of cross-border merger and acquisition and post-merger integration.
From January 2011 to January 2014, Mr. Chen served as Vice President of Strategy and Global Investment of JA Solar, a vertically integrated solar products manufacturing company based in China. From February 2005 to October 2010, Mr. Chen served as a Partner of BDO Capital Advisors and its affiliates in China with a focus on cross-border merger and acquisition and equity transactions. From June 2001 to August 2004, Mr. Chen served as a Senior Business Advisor to Capgemini, a consulting company based in Toronto, Canada. From November 2000 to May 2001, Mr. Chen served as a Senior Financial Analyst in IBM Global Services in Toronto Canada. From December 1997 to November 2000, Mr. Chen served as a Staff Accountant in the General Accounting Department of Ashland Inc. Prior to his career in accounting and finance, Mr. Chen was an engineer and project manager in China from July 1987 to August 1993. The Company believes Mr. Chen is well-qualified to serve as a member of the board due to his extensive background and track record.
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(Note: Lakeshore Acquisition III Corp. filed its S-1 for its SPAC IPO on April 4, 2025, and disclosed the terms: 6.0 million units at $10.00 each to raise $60.0 million. Each unit consists of one share of common stock and one right to acquire one-sixth (1/6) of a share of stock upon consummation of the initial business combination.)
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