Recent Updates — BSAAR

Naoda Investments Limited transferred all of its ordinary shares in BEST SPAC I (Holdings) Corp. to A SPAC (Holdings) Group Corp., resulting in the Buyer holding 100% of the Sponsor. The Sponsor directly holds 1,375,000 Class B ordinary shares and 277,000 Class A ordinary shares underlying private placement units, representing approximately 80.0% of the Company’s issued and outstanding ordinary shares. No changes were made to the directors or officers of the Company. In connection with the transfer, Yun Chen resigned as the sole director of the Sponsor, and Claudius Tsang was appointed as the sole director of the Sponsor, sharing voting and investment discretion with Kam Chi Kin regarding the securities held by the Sponsor. This company operates in the special purpose acquisition company (SPAC) industry, raising capital to identify and merge with a target business.

BEST SPAC I Acquisition Corp. received a notice from Nasdaq on August 19, 2026, stating it no longer meets the minimum Market Value of Listed Securities (MVLS) requirement of $35 million for continued listing under Listing Rule 5550(b)(2). The company also failed to satisfy requirements under rules 5550(b)(1) and 5550(b)(3). While the notification has no immediate effect on trading, the company has an 180-day compliance period ending February 15, 2027, to regain compliance. Failure to meet these standards may result in delisting, though the company retains the right to appeal such a determination. BEST SPAC I Acquisition Corp. operates as a blank check company focused on identifying and merging with private enterprises.