ACE SO5 Holdings Ltd - Jul 12, 2022 Form 3 Insider Report for ACE Convergence Acquisition Corp. (TMPO)

Role: 10%+ Owner
Signature: ACE SO5 Holdings Limited, By: /s/ Denis T. Tse, as Director
Stock symbol: TMPO
Transactions as of: Jul 12, 2022
Transactions value $: $0
Form type: 3
Date filed: 10/24/2022, 06:01 AM

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
holding	TMPO	Class B ordinary shares							Jul 12, 2022	Class A ordinary shares	756K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	As described in the issuer's registration statement on Form S-1 (File No. 333-239716) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.
F2	ACE Equity Partners International Pte Ltd. ("AEPI") is the sole owner of the voting equity of ACE SO5 Holdings Limited ("ACE SO5"). The sole shareholder of AEPI is ACE Equity Partners LLC, which is wholly owned and controlled by David Y. Ko. Each of AEPI, ACE Equity Partners LLC and Mr. Ko may be deemed to beneficially own securities held by ACE SO5. Denis Tse is the manager of ACE SO5. Mr. Tse disclaims beneficial ownership of securities held by ACE SO5.

Content

As described in the issuer's registration statement on Form S-1 (File No. 333-239716) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.

ACE Equity Partners International Pte Ltd. ("AEPI") is the sole owner of the voting equity of ACE SO5 Holdings Limited ("ACE SO5"). The sole shareholder of AEPI is ACE Equity Partners LLC, which is wholly owned and controlled by David Y. Ko. Each of AEPI, ACE Equity Partners LLC and Mr. Ko may be deemed to beneficially own securities held by ACE SO5. Denis Tse is the manager of ACE SO5. Mr. Tse disclaims beneficial ownership of securities held by ACE SO5.