Chenghe sponsor consummated the securities purchase transactions with the sponsor of LatAmGrowth SPAC (Nasdaq: LATG). Upon the closing of the transaction, Chenghe took full control of the SPAC entity on October 6, 2023 which renamed as Chenghe Acquisition I Co, with trust fund size close to 60mn USD. It is a blank check company incorporated for the purpose of effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations or similar business combinations with one or more businesses. While the company may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to focus search for an initial business combination on the cutting-edge new economic industries, including but not limited to TMT, green energy, biotechnology, optoelectronics, etc. in the Asia Pacific where we can benefit from huge potentials and achieve long-term capital growth.