SCHEDULE: BEST SPAC I Acquisition Corp. Discloses Significant Beneficial Ownership by Key Holders

BEST SPAC I (Holdings) Corp., along with Yun Chen and Kam Chi Kin, have disclosed a collective beneficial ownership of 22.3% in BEST SPAC I Acquisition Corp.'s Class A and Class B Ordinary Shares.

Summary

• BEST SPAC I (Holdings) Corp., Yun Chen, and Kam Chi Kin (collectively, the "Reporting Persons") have filed a Schedule 13G, disclosing their beneficial ownership in BEST SPAC I Acquisition Corp.
• The Reporting Persons collectively beneficially own 1,652,000 shares, which represents 22.3% of the Issuer's total Class A and Class B Ordinary Shares outstanding as of July 30, 2025.
• This ownership includes Class B Ordinary Shares, which are automatically convertible into Class A Ordinary Shares upon the Issuer's initial business combination or at the holder's option prior to the combination.
• The percentage is calculated based on 6,024,500 Class A Ordinary Shares (including those underlying units) and 1,375,000 Class B Ordinary Shares issued and outstanding as of July 30, 2025.
• BEST SPAC I (Holdings) Corp. is the record holder of these shares, with Mr. Yun Chen serving as its sole director, directing day-to-day operations.
• Mr. Yun Chen and Mr. Kam Chi Kin share both voting and dispositive power over the 1,652,000 securities held by BEST SPAC I (Holdings) Corp.

Sentiment

Score: 6

Explanation: The filing is a factual disclosure of beneficial ownership, which is generally neutral. The significant stake held by key individuals and the holding company provides a degree of stability and alignment of interests, which can be viewed positively, but it does not contain new operational or financial performance data.

Future Outlook

The filing primarily details current beneficial ownership and does not provide specific forward-looking statements or guidance beyond the automatic conversion of Class B shares upon a future business combination.

Management Comments

• Mr. Yun Chen and Mr. Kam Chi Kin share voting and dispositive power over the securities held of record by BEST SPAC I (Holdings) Corp.

Industry Context

This Schedule 13G filing is a standard disclosure for significant beneficial ownership in a publicly traded company, particularly relevant for SPACs (Special Purpose Acquisition Companies) where initial shareholder structures and control are key. It indicates a substantial stake held by the founding or key investor group, which is common in the SPAC lifecycle as they seek a business combination.

Corporate Governance

Stakeholder Impact

• Shareholders: Provides transparency regarding significant beneficial ownership, which can influence perceptions of control and stability. The large stake held by the reporting persons suggests alignment of interests with the company's future success, particularly concerning the anticipated business combination.
• Management: Confirms the control structure and shared decision-making power among key individuals, which is foundational for strategic direction.

Next Steps

• Class B Ordinary Shares are automatically convertible into Class A Ordinary Shares immediately following the Issuer's initial business combination.
• Class B Ordinary Shares may be converted at any time prior to the Business Combination at the option of the holder.

Key Dates

Recommendation

This filing is a routine disclosure of beneficial ownership and does not contain new operational or financial performance data that would warrant a change in investment recommendation. The significant stake held by the reporting persons is a known aspect of SPAC structures and indicates continued alignment of interests, supporting a 'hold' position for existing investors awaiting the business combination.

Keywords

SPAC, Special Purpose Acquisition Company, Beneficial Ownership, Schedule 13G, Class A Ordinary Shares, Class B Ordinary Shares, Corporate Governance, Investment, Shareholder, Yun Chen, Kam Chi Kin, BEST SPAC I Acquisition Corp.