Dazhe Technology Group is a Special Purpose Acquisition Company (SPAC), a blank check company with no operations, no revenue, and no identified acquisition target. Dazhe raised $100M through an IPO by selling 10M ordinary shares at $10.00 per share, with all proceeds held in a U.S.-based trust account invested in U.S. treasuries or qualifying money market funds. Dazhe's sole purpose is to identify and acquire one or more operating businesses within 24 months of the IPO closing, with a focus on China and the Asia-Pacific region across a broad range of industries. If no deal closes within 24 months, the trust is liquidated and proceeds are returned to shareholders at approximately $10.00 per share. Prior to a deal, Dazhe earns only interest on the trust account, with operating expenses funded by loans from management and directors. Public shareholders can redeem shares at roughly the IPO price if they choose not to participate in a proposed deal. The company's leadership includes Chairman and CEO Qingjiang Liao, founder of Xiamen Dazhe New Energy Group, and CFO Zhenyu Yang, chairman of Jilin Huawei Construction Group. While the SPAC has no formal sector restrictions, management's affiliations with Xiamen Dazhe Electric Vehicle Technology and Xiamen Dazhe Intelligent Transportation Technology suggest existing relationships in China's EV and transportation sectors.