0001013762-23-006315.txt : 20231024 0001013762-23-006315.hdr.sgml : 20231024 20231024164119 ACCESSION NUMBER: 0001013762-23-006315 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231020 FILED AS OF DATE: 20231024 DATE AS OF CHANGE: 20231024 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Blue World Holdings Ltd CENTRAL INDEX KEY: 0001892597 STATE OF INCORPORATION: K3 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41256 FILM NUMBER: 231343101 BUSINESS ADDRESS: STREET 1: ROOM 301, NO. 3 LANE 1249 STREET 2: YU YUAN ROAD, CHANG NING DISTRICT CITY: SHANGHAI STATE: F4 ZIP: 200050 BUSINESS PHONE: 86-13816397786 MAIL ADDRESS: STREET 1: ROOM 301, NO. 3 LANE 1249 STREET 2: YU YUAN ROAD, CHANG NING DISTRICT CITY: SHANGHAI STATE: F4 ZIP: 200050 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Blue World Acquisition Corp CENTRAL INDEX KEY: 0001878074 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 244 FIFTH AVENUE, SUITE B-88 CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-726-2880 MAIL ADDRESS: STREET 1: 244 FIFTH AVENUE, SUITE B-88 CITY: NEW YORK STATE: NY ZIP: 10001 4 1 ownership.xml X0508 4 2023-10-20 0 0001878074 Blue World Acquisition Corp BWAQ 0001892597 Blue World Holdings Ltd I/C/O BLUE WORLD ACQUISITION CORPORATION 244 FIFTH AVENUE, SUITE B-88 NEW YORK NY 10001 0 0 1 0 0 Class B Ordinary Shares 2023-10-20 4 S 0 400000 1200000.00 D 1880000 D Class B ordinary shares will automatically convert into Class A ordinary shares on one-for-one basis, subject to certain adjustments as provided in the amended and restated memorandum and articles of association of Blue World Acquisition Corporation (the "Issuer") upon the consummation of an initial business combination. Representing 400,000 Class B ordinary shares that Blue World Holdings Limited (the "Sponsor") transferred to one of its members pursuant to certain sponsor support agreement and the agreement and plan of merger dated August 10, 2023 (the "Transfer"). In May 2023, the Sponsor issued 2,500 of its preference shares to one of its members for the purchase price of $1,200,000 in connection with a proposed business combination. Each preference share of the Sponsor entitles such member to receive 160 Class B ordinary shares of the Issuer. Sponsor, a Hong Kong private company limited by shares, is the record holder of the insider shares reported herein. Sponsor is governed by a board of managers consisting of five members. Each member has one vote, and the approval of a majority of the board is required to approve an action of the Sponsor. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then no individual is deemed a beneficial owner of the entity's securities. Therefore, no director of Sponsor exercises voting or dispositive control over any of the securities held by Sponsor, even those in which he or she directly holds a pecuniary interest. Accordingly, none of them are deemed to have or share beneficial ownership of such shares. As previously reported on the Form 3 of the Sponsor dated February 2, 2023, immediately prior to the Transfer, the Sponsor held an aggregate of 2,280,000 Class B ordinary share of the Issuer. As a result of this Transfer, the Sponsor currently holds 1,880,000 Class B ordinary share of the Issuer. /s/ Liang Shi Liang Shi, Director 2023-10-24