About company
(Incorporated in the Cayman Islands)We intend to focus their search initially on target businesses operating in Asia. They may consummate a business combination with an entity located in the People’s Republic of China (including Hong Kong and Macau) (the “PRC” or “China”).They will not consider or undertake an initial business combination with any target company the financial statements of which are audited by an accounting firm that the United States Public Company Accounting Oversight Board (the “PCAOB”) is unable to inspect for two consecutive years.The majority of their executive officers and directors are located in or have significant ties to China:– Yanzhe Yang, their CEO and a director, holds Chinese citizenship and resides in China;– Tianshi Yang, their CFO, holds Chinese citizenship and resides in China.– Heung Ming Henry Wong, their independent director nominee, holds Hong Kong citizenship and resides in Hong Kong; – Chennong Huang, their independent director nominee, holds Chinese citizenship and resides in China, and– Jonathan Yee Fung Cheng, their independent director nominee, holds Hong Kong citizenship and resides in Hong Kong.As a result, it may be difficult for investors to effect service of process within the United States on their company, executive officers and directors, or enforce judgments obtained in the United States courts against their company, executive officers and directors. (From the prospectus)(Note: XFLH Capital Corp. increased the size of its SPAC IPO to 10 million units – up from 6 million originally – and kept the price at $10.00 each – to raise $100 million, in an S-1/A filing dated Jan. 26, 2026. Background: XLFH Capital Corp. filed its S-1 for its SPAC IPO on Sept. 29, 2025, and disclosed the terms: 6 million units at $10.00 each to raise $60 million. Each unit consists of one ordinary share and one right to receive one-seventh (1/7) of an ordinary share upon the consummation of an initial business combination, so you must hold rights in multiples of seven (7) in order to receive shares for all of your rights upon closing of a business combination, as described in more detail in this prospectus).