We are a recently organized Delaware corporation known as a "blank check" company formed to serve as a vehicle for the acquisition of a target business in a unspecified industry.

Our objective is to acquire or merge with an operating business that has its primary operating facilities located in the People's Republic of China (PRC).

Opportunities for market expansion have emerged for businesses with operations in China due to certain changes in the PRC's political, economic and social policies as well as certain fundamental changes affecting the PRC and its neighboring countries.

We believe that China represents both a favorable environment for making mergers and acquisitions, and an attractive operating environment for a target business for reasons, including:

• prolonged economic expansion within China, including gross domestic product growth of approximately 9% on average over the last 25 years;
• limited competition for merger and acquisition opportunities and attractive valuations for target businesses within China;
• increased government focus within China on privatizing assets, improving foreign trade and encouraging business and economic activity; and
• favorable labor rates and efficient, low-cost manufacturing capabilities.