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Newbridge Acquisition Ltd Chief Executive Officer, director and 10% owner Yongsheng Liu filed an initial statement of beneficial ownership. The filing shows indirect beneficial ownership of 1,327,500 Class B ordinary shares, held through Index Capital Management Limited and Wealth Path Holdings Limited.
The Class B ordinary shares are described as founder shares that automatically convert into Class A ordinary shares on a one-for-one basis at the time of Newbridge’s initial business combination, or earlier at the holder’s option, subject to adjustments. Mr. Liu may be deemed a beneficial owner but disclaims ownership beyond his pecuniary interest.