SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* ACE SO5 Holdings Ltd (Last) (First) (Middle) 8 MARINA VIEW, ASIA SQUARE TOWER 1, #43-01 (Street) SINGAPORE U0 018960 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 07/12/2022	3. Issuer Name and Ticker or Trading Symbol ACE Convergence Acquisition Corp. [ ACEV ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B ordinary shares	(1)	(1)	Class A ordinary shares	755,930	(1)	D(2)

1. Name and Address of Reporting Person* ACE SO5 Holdings Ltd (Last) (First) (Middle) 8 MARINA VIEW, ASIA SQUARE TOWER 1, #43-01 (Street) SINGAPORE U0 018960 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ACE Equity Partners International PTE Ltd. (Last) (First) (Middle) 8 MARINA VIEW, ASIA SQUARE TOWER 1, #43-01 (Street) SINGAPORE U0 018960 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ACE Equity Partners LLC (Last) (First) (Middle) 31, NONHYEON-RO, 36-GIL, GANGNAM-GU (Street) SEOUL M5 06296 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Ko David Young (Last) (First) (Middle) 31, NONHYEON-RO, 36-GIL, GANGNAM-GU (Street) SEOUL M5 06296 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. As described in the issuer's registration statement on Form S-1 (File No. 333-239716) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.

2. ACE Equity Partners International Pte Ltd. ("AEPI") is the sole owner of the voting equity of ACE SO5 Holdings Limited ("ACE SO5"). The sole shareholder of AEPI is ACE Equity Partners LLC, which is wholly owned and controlled by David Y. Ko. Each of AEPI, ACE Equity Partners LLC and Mr. Ko may be deemed to beneficially own securities held by ACE SO5. Denis Tse is the manager of ACE SO5. Mr. Tse disclaims beneficial ownership of securities held by ACE SO5.

	ACE SO5 Holdings Limited, By: /s/ Denis T. Tse, as Director	10/24/2022
	ACE Equity Partners International Pte Ltd., By: /s/ Denis T. Tse, as Chief Executive Officer	10/24/2022
	ACE Equity Partners LLC, By: /s/ David Y. Ko, as Chief Executive Officer	10/24/2022
	/s/ David Y. Ko	10/24/2022
	** Signature of Reporting Person	Date
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