(Incorporated in the Cayman Islands)

We are a newly organized blank check company., also known as a SPAC. We intend to focus our search for a target company on businesses in China, including Hong Kong and Macau.

Jun Du, the founder and CEO  of Vernal and ABCDE Capital, is our CEO and chairman of the board of directors. He is the co-founder of Chainup Technic.

Binghan Yi is our CFO. He was formerly the head of existing portfolio management at Munich Re. 

(Note: Vernal Capital Acquisition Corp. upsized its SPAC IPO to 10 million units – up from 6 million units originally – and kept the price at $10.00 per unit – to raise $100 million, according to its F-1/A filing dated March 11, 2026. Vernal Capital Acquisition also changed the right’s portion of its unit to better terms – the right to receive one-fifth  (1/5th) of a share – up from one-tenth (1/10th) of a share – upon the completion of an initial business combination, according to its F-1/A filing on March 11, 2026. Each unit now consists of one share of stock and the right to receive one-fifth (1/5th) of a share upon consummation of the initial business combination.)

(Background: Vernal Capital Acquisition filed its F-1 for its SPAC IPO on Sept. 30, 2025, and  disclosed the terms: 6 million units at $10 each to raise $60 million. Each unit consists of one share of stock and one right to receive one-tenth (1/10th) of a share upon the completion of an initial business combination.)