Prior to its admission to AIM, the Company will not have carried on any trading. It is the Company's intention to pursue acquisitions of one or more operating companies in one or more countries engaged in the manufacture of semiconductor and/or solar cell manufacturing equipment, infrastructure and associated technology and optimizing their product offerings for expansion into the rapidly growing photovoltaic market.

The Company expects to be an active investor and will seek, to the extent permitted by all applicable laws, to acquire either the entirety or a majority of any business in the Company's target industry. The Company may effect more than one acquisition or investment and will only complete its first acquisition or investment in which the target entity has a transaction value of at least $45,000,000 and at least $25,000,000 on any acquisition or investment thereafter.

Although the Company does not currently have any definitive agreement or arrangement to acquire a business, it has identified and entered into a non-binding letter of intent with a potential target business.

Due diligence on potential target businesses will be carried out by the management of the Company assisted by such other professional advisers as are deemed necessary by the management at the relevant time.

The Directors and the executive officers, Dr. Sudhanshu Varma and Dr. Raye Thomas, form the management team of the Company. The management team has extensive experience in identifying and executing investment in and acquisitions of businesses that rely upon semiconductors, particularly as utilised in the photovoltaic industry. The Company believes that the skills and expertise of these individuals, their collective access to acquisition opportunities and ideas, their contacts and their transaction expertise should enable them to successfully identify and effect one or more acquisitions.

If the Company does not complete an acquisition or investment by the date which is 18 months from the AIM admission date, the Company will enter into a liquidation proceeding which will result in the distribution to shareholders of all amounts held in the trust fund.

Listing exchange: AIM

Expected first day of trading: Expected money raised: TBC

Nominated Advisor: Seymour Pierce

Nominated Broker: Seymour Pierce