[SCHEDULE 13G] BEST SPAC I Acquisition Corp. Unit SEC Filing
Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
BEST SPAC I Acquisition Corp.
(Name of Issuer)
Class A Ordinary Shares, no par value
(Title of Class of Securities)
G1069P103
(CUSIP Number)
07/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
G1069P103
1
Names of Reporting Persons
BEST SPAC I (Holdings) Corp.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
VIRGIN ISLANDS, BRITISH
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,652,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,652,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,652,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
22.3 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The 1,652,000 shares referred to in Rows 6, 8 and 9 includes the Issuer's Class B ordinary shares with no par value ("Class B Ordinary Shares") which are automatically convertible into the Issuer's Class A ordinary shares with no par value ("Class A Ordinary Shares") immediately following the Issuer's initial business combination (the "Business Combination") and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities " in the Issuer's Registration Statement on Form S-1 (File No. 333- 286237). Mr. Yun Chen and Mr. Kam Chi Kin share voting and dispositive power over the securities held of record by BEST SPAC I (Holdings) Corp. The percentage in Row 11 is based on 6,024,500 Class A Ordinary Shares, including Class A Ordinary Shares underlying the units, and 1,375,000 Class B Ordinary Shares issued and outstanding as of July 30, 2025.
SCHEDULE 13G
CUSIP No.
G1069P103
1
Names of Reporting Persons
Yun Chen
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CHINA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,652,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,652,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,652,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
22.3 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The 1,652,000 shares referred to in Rows 6, 8 and 9 includes the Issuer's Class B Ordinary Shares which are automatically convertible into the Issuer's Class A Ordinary Shares immediately following the Issuer's Business Combination and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities " in the Issuer's Registration Statement on Form S-1 (File No. 333- 286237). Mr. Yun Chen and Mr. Kam Chi Kin share voting and dispositive power over the securities held of record by BEST SPAC I (Holdings) Corp. The percentage in Row 11 is based on 6,024,500 Class A Ordinary Shares, including Class A Ordinary Shares underlying the units, and 1,375,000 Class B Ordinary Shares issued and outstanding as of July 30, 2025.
SCHEDULE 13G
CUSIP No.
G1069P103
1
Names of Reporting Persons
Kam Chi Kin
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CHINA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,652,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,652,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,652,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
22.3 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: The 1,652,000 shares referred to in Rows 6, 8 and 9 includes both the Issuer's Class B Ordinary Shares which are automatically convertible into the Issuer's Class A Ordinary Shares immediately following the Issuer's Business Combination and may be converted at any time prior to the Business Combination at the option of the holder, as more fully described under the heading "Description of Securities " in the Issuer's Registration Statement on Form S-1 (File No. 333- 286237). Mr. Yun Chen and Mr. Kam Chi Kin share voting and dispositive power over the securities held of record by BEST SPAC I (Holdings) Corp. The percentage in Row 11 is based on 6,024,500 Class A Ordinary Shares, including Class A Ordinary Shares underlying the units, and 1,375,000 Class B Ordinary Shares issued and outstanding as of July 30, 2025.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
BEST SPAC I Acquisition Corp.
(b)
Address of issuer's principal executive offices:
701, 7/Floor, United Building, 17-19 Jubilee Street, Hong Kong
Item 2.
(a)
Name of person filing:
BEST SPAC I (Holdings) Corp., Yun Chen and Kam Chi Kin (collectively, the "Reporting Persons")
(b)
Address or principal business office or, if none, residence:
701, 7/Floor, United Building, 17-19 Jubilee Street, Hong Kong
(c)
Citizenship:
BEST SPAC I (Holdings) Corp. is a British Virgin Islands company. Yun Chen is a citizen of the People's Republic of China. Kam Chi Kin is a citizen of Macau, China.
(d)
Title of class of securities:
Class A Ordinary Shares, no par value
(e)
CUSIP No.:
G1069P103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of July 30, 2025, the Reporting Persons may be deemed to beneficially own 1,652,000 of the Issuer's Class A Ordinary Shares and Class B Ordinary Shares. BEST SPAC I (Holdings) Corp. is the record holder of the ordinary shares reported herein. Mr. Yun Chen is the sole director of BEST SPAC I (Holdings) Corp. and directs its day-to-day operations. Mr. Kam Chi Kin and Mr. Yun Chen share voting and dispositive power with respect to the securities held of record by BEST SPAC I (Holdings) Corp., and they may be deemed the beneficial owners of the securities held by BEST SPAC I (Holdings) Corp. This Statement shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) and 13(g), beneficial owners of any securities covered by this Statement.
(b)
Percent of class:
The 1,652,000of the Issuer's Class A Ordinary Shares and Class B Ordinary Shares owned by the Reporting Persons constitute 22.3% of the total number of Class A Ordinary Shares and Class B Ordinary Shares issued and outstanding, assuming the conversion of all issued and outstanding Class B Ordinary Shares of the Issuer. The Class B Ordinary Shares are automatically convertible into Class A Ordinary Shares with or immediately following the Business Combination on a one-for-one basis and may be converted at any time prior to the Business Combination at the option of the holder on a one-for-one basis, subject to certain adjustments, as more fully described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-286237). The percentage of the total ordinary shares held is based on 6,024,500 Class A Ordinary Shares, including Class A Ordinary Shares underlying the units, and 1,375,000 Class B Ordinary Shares issued and outstanding as of July 30, 2025, assuming the conversion of all Class B Ordinary Shares.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,652,000
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
1,652,000
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
BEST SPAC I (Holdings) Corp.
Signature:
/s/ Yun Chen
Name/Title:
Yun Chen/Director
Date:
08/01/2025
Yun Chen
Signature:
/s/ Yun Chen
Name/Title:
Yun Chen/Individual
Date:
08/01/2025
Kam Chi Kin
Signature:
/s/ Kam Chi Kin
Name/Title:
Kam Chi Kin/Individual
Date:
08/01/2025
Exhibit Information
EXHIBIT LIST Exhibit A Joint Filing Agreement, dated as of August 1, 2025.
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