Item 4 — Purpose of Transaction
On July 9, 2025, Casper Holding LP, a sponsor of the Issuer, acquired an aggregate of 2,300,000 ordinary shares for an aggregate purchase price of $25,000 (the "Founder Shares"). Thereafter, Casper Holding LP transferred an aggregate of 1,541,000 ordinary shares to Baystar Holding Group Ltd, another sponsor of the Issuer. Casper Holding LP made the acquisition reported in this Schedule 13D as a sponsor of the Issuer and in support of the Issuer's business plan. The Issuer's business plan is to enter into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination. In connection with the non-exercise of the underwriter's over-allotment option in the Issuer's IPO, Casper Holding LP forfeited 99,000 Founder Shares for no consideration. After giving effect to such forfeiture, Casper Holding LP beneficially owns 660,000 ordinary shares. The Reporting Person may later acquire additional securities of the Issuer. Any actions the Reporting Person might undertake with respect to the ordinary shares may be made at any time and from time to time without prior notice and will be dependent upon its review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer's business, financial condition, operations and prospects; price levels of the Issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments relating to the Reporting Person. As of the date of this Schedule 13D, except as set forth in this Schedule 13D above, the Reporting Person does not have any plans or proposals which would result in any of the matters enumerated in Items 4(a) through (j) of Schedule 13D.