We are a newly organized blank check company – also known as a special purpose acquisition company (SPAC) – incorporated in the Cayman Islands. 

We intend to focus on businesses that have their primary operations in the technology-enabled healthcare services industry in the Asia-Pacific region. We intend to acquire a target business in Asia, which includes the People’s Republic of China, or “PRC.” In addition, our officers and directors have significant ties to the PRC. There are significant legal and operational risks associated with investing in a target business with its primary operations in PRC. (See the “Risk Factors” section of the prospectus.)

We will primarily seek to acquire one or more growth businesses with a total enterprise value of between $200 million and $800 million. 

it is our intention to pursue prospective targets that are in the public and private healthcare, medical services and technology-enabled healthcare services sectors. We will look for companies with established brands, stable cash flow, and readiness to access capital markets. In addition, we want to find companies that are truly technology driven and have strong industry competencies in the healthcare services industry.

While we will give priority to companies in technology-enabled healthcare and medical services sectors, we will have no specific industry restriction, and we plan on exploring opportunities in enterprise services, artificial intelligence, culture and media, computer and internet technologies, new consumer brands, blockchain and other areas that show the interest of investors.

Lixin Zheng has served as our CFO since Oct. 3, 2022, and our CEO since February 2023. Mr. Zheng has over 30 years of extensive practical experience in TMT, investment and financing, manufacturing and fastmoving chain circulation in mainland China, Hong Kong, Taiwan, the United States and Canada. He also possesses successful financing and IPO planning and practical experience in global capital markets for acquisitions, mergers, restructuring and financial public relations of public and private companies, with practical ability and successful cases of market value maintenance.

Mr. Zheng is the CFO of Huijie Information Technology (Shanghai) Co., Ltd., a position he has held since July 2020. He previously was the CFO of Jinke Investment Holding Group in its Shanghai and Hong Kong office from December 2018 to June 2020.

**Note: Whale Bay International Company Limited, a BVI business company, which we refer to throughout this prospectus as our “sponsor,” has committed that it will purchase from us an aggregate of 315,000 private placement units, at $10.00 per unit for a total purchase price of $3,150,000 ($3.15 million) in a private placement that will occur simultaneously with the consummation of this offering.

(Note: Oak Woods Acquisition Corp. priced its SPAC IPO on March 23, 2023, in sync with the terms in its prospectus: 5.0 million units at $10.00 each to raise $50.0 million. At pricing, Oak Woods Acquisition Corp. became the ninth SPAC IPO priced so far in 2023. Oak Woods Acquisition Corp. filed its S-1 on Feb. 17, 2023, and set terms for its SPAC IPO: 5.0 million units at  $10.00 each to raise $50.0 million. Each unit consists  of one share of stock, one redeemable warrant to buy one share of stock, and one right to receive one-sixth (1/6) of a Class A ordinary share upon the consummation of an initial business combination.)