Chenghe Investment I Ltd - 17 Nov 2023 Form 4 Insider Report for Chenghe Acquisition I Co.

Role: 10%+ Owner
Signature: /s/ Chenghe Investment I Limited, By: /s/ Qi Li, authorized signatory
Issuer symbol: N/A
Transactions as of: 17 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 24 Nov 2023, 09:09:57 UTC
Previous filing: 24 Nov 2023
Next filing: 17 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LATG	Class A Ordinary Shares	Conversion of derivative security		+1,058,127			1,058,127	17 Nov 2023	Direct	F1, F2

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	LATG	Class B Ordinary Shares	Conversion of derivative security	$0	-1,058,127	-40%	$0.000000	1,591,873	17 Nov 2023	Class A Ordinary Shares	1,058,127		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	In accordance with the amended and restated memorandum and articles of associations of Chenghe Acquisition I Co. ("SPAC"), as amended, Chenghe Investment I Limited ("Chenghe Sponsor") elected to convert 1,058,127 Class B Ordinary Shares of SPAC, par value $0.0001 per share (the "Class B Shares"), held by it into Class A Ordinary Shares of SPAC, par value $0.0001 per share (the "Class A Shares") on a one-for-one basis for no consideration.
F2	The securities are held directly by indirectly held by Mr. Qi Li through Chenghe Investment I Limited which is record holder of 2,650,000 Class B Shares. Chenghe Group Limited, a British Virgin Islands incorporated company, owns 100% of the voting securities of Chenghe Investment I Limited. Mr. Qi Li holds 100% of the voting securities of Chenghe Group Limited, and may be entitled distributions of the founder shares and has voting and investment discretion with respect to the Class B Shares held of record by Chenghe Investment I Limited.
F3	The Class B Shares will (i) automatically convert into Class A Shares on a one-for-one basis (subject to certain adjustments, including for share sub-divisions, share capitalizations, reorganizations, recapitalizations and other transactions) on the first business day following the consummation of SPAC's initial business combination, or (b) prior to the consummation of SPAC's initial business combination at the election of the holder. The Class B Shares have no expiration date.