We are focused on identifying a business combination target that can benefit from the collective network, knowledge and experience of our founder and management team that is related to or in the entertainment industry, with a focus on enabling technology, lifestyle brands, products, or services, and entertainment media (the “Target Sectors”). (Black Spade Acquisition Co., based in Hong Kong, is a new SPAC or blank-check company incorporated in the Cayman Islands.)

We believe China’s growing middle class population of more than 350 million people (larger than the entire U.S. population), with its rapidly evolving consumption patterns and increasing spending power, will continue to shape multiple industries in Asia and across the globe. Therefore, while we intend to pursue opportunities globally, we will focus on opportunities with existing or future growth potential underpinned by the transformative consumption forces in Asia, an area in which we believe our founder and management team can contribute significantly with their network, knowledge and experience.

Lawrence Ho, the chairman and CEO of Melco Resorts & Entertainment Limited(NASDAQ symbol MLCO), is the visionary and financier backing Black Spade Acquisition Co., which is linked to his private investment arm, Black Spade Capital Limited. Melco, based in Hong Kong, is one of Asia’s leading gaming companies, with properties including Altria Macau and City of Dreams in Manila.

(Note: Black Spade Acquisition priced its SPAC IPO on July 15, 2021, in line with the terms in it prospectus: 15 million units at $10 each to raise $150 million.)