Our efforts to identify a prospective target business will focus primarily on the marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, marine services, logistics and supply chain, offshore energy solutions and related industry segments. (Incorporated in the Cayman Islands)

We are not limited to a particular region for purposes of consummating an initial business combination. However, we may focus on targets that, regardless of geographic location of operations or corporate offices, have viable synergies with the Asia Pacific and the U.S. markets for the above industry segments, either physically or virtually. Though our sponsor is a Hong Kong company, a majority of our management team is located outside of China (including Hong Kong and Macau), and we will not undertake our initial business combination with any entity that conducts a majority of its business or is headquartered in China (including Hong Kong and Macau). We expect our management to travel and conduct business outside of China during our search for target companies as needed.

(Note: Blue World Acquisition Corp. announcing the pricing of its SPAC IPO on Jan. 31, 2022, in line with the terms in its prospectus – 8 million units at $10 each to raise $80 million. The units – stock and warrants – are expected to start trading on Monday, Jan. 31, 2022, on the NASDAQ. The pricing of Blue World Acquisition Corp. marks 24 SPACs priced so far in 2022.)