Deyin Chen - Jun 28, 2021 Form 4/A - Amendment Insider Report for Lakeshore Acquisition I Corp. (LAAA)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Chen Deyin
Stock symbol: LAAA
Transactions as of: Jun 28, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 7/19/2021, 06:02 AM
Date Of Original Report: Jul 9, 2021
Previous filing: Jul 9, 2021
Next filing: Jul 27, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAAA	Ordinary Shares, par value $0.0001	Other	$0	-43.5K	-4.53%	$0.00	917K	Jun 28, 2021	Held by RedOne Investment Limited	F1, F2, F3, F7
transaction	LAAA	Ordinary Shares, par value $0.0001	Purchase		+5.43K	+0.59%		922K	Jun 28, 2021	Held by RedOne Investment Limited	F4, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LAAA	Warrant	Purchase		+4.07K	+4.67%		91.3K	Jun 28, 2021	Ordinary Shares, par value $0.0001	4.07K	$11.50	Held by RedOne Investment Limited	F2, F4, F5, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes founder shares issued in connection with the initial public offering (the "IPO") of Lakeshore Acquisition I Corp. (the "Company").
F2	Simultaneously with the consummation of the Company's IPO, RedOne Investment Limited (the "Sponsor") acquired 116,279 units in a private placement (the "Private Units"). Each Private Unit consists of one ordinary share of the Company, par value $0.0001, and three-quarters of one warrant to purchase one ordinary share at an exercise price of $11.50 per share (the "Warrants"). The Private Units were purchased for $10.00 per unit.
F3	As contemplated in connection with the Company's IPO, 43,517 founder shares were returned by the Sponsor to the Company for no consideration and cancelled because the underwriters' over-allotment option was partially exercised and the remaining portion of the option would not be exercised by the underwriters.
F4	In connection with the exercise of the underwriters' over-allotment option, the Sponsor purchased an additional 5,430 Private Units as contemplated under the purchase agreement for the Private Units. The additional Private Units were purchased for $10.00 per unit.
F5	The Warrants will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination.
F6	The Warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.
F7	Held by RedOne Investment Limited. Mr. Chen is the managing member of RedOne Investment Limited and has voting and investment discretion with respect to the Ordinary Shares held of record by RedOne Investment Limited. Mr. Chen disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.