| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | BWAQ | Class A Ordinary Share | 2.66M | Feb 2, 2022 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | Representing 2,280,000 shares of Class B ordinary share and 378,480 shares of Class A ordinary share. Class B ordinary share will automatically convert into Class A ordinary share on one-for-one basis, subject to certain adjustments as provided in the amended and restated Memorandum and Articles of Association of Blue World Acquisition Corporation (the "Company") upon the consummation of an initial business combination. |
| F2 | In connection with the closing of the initial public offering of the Company on February 2. 2022, a private placement simultaneously with the consummation of the initial public offering, and the exercise of over-allotment option in full, Blue World Holdings Limited, the sponsor of the Company (the "Sponsor") beneficially owns 2,280,000 Class B ordinary share of the Company and 378,480 Class A ordinary share of the Company, respectively. |
| F3 | Sponsor, a Hong Kong private company limited by shares, is the record holder of the insider shares reported herein. Sponsor is governed by a board of managers consisting of five members, Liang Shi, Fubin Shi, Hongyang Wang, Jianyong Xie, and Cunli Cheng. Each member has one vote, and the approval of a majority of the board is required to approve an action of the Sponsor. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. Based upon the foregoing analysis, no director of the Sponsor exercises voting or dispositive control over any of the securities held by our sponsor, even those in which he or she directly holds a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such shares. |