Item 4 — Purpose of Transaction
Business Combination Closing On September 24, 2026 and September 25, 2026, the Issuer consummated its previously-announced business combination (the "Business Combination") with GOWell Technology Limited ("GOWell"), Inflection Point Acquisition Corp. V ("SPAC") and IPCV Merger Sub Limited ("Merger Sub"). In connection with the Business Combination, among other things, (a) on September 24, 2026, the SPAC merged with and into the Issuer, as a result of which the separate corporate existence of the SPAC ceased and the Issuer continued as the surviving company (the "First Merger"), and (b) on September 25, 2026, Merger Sub merged with and into GOWell, as a result of which the separate corporate existence of Merger Sub ceased and GOWell continued as the surviving company and a wholly-owned direct subsidiary of the Issuer (the "Second Merger"). Prior to the Business Combination, the Reporting Person held an aggregate of 990,000 Class B ordinary shares, par value $0.0001 per share, of SPAC (the "SPAC Class B Shares"). The Reporting Person acquired such SPAC Class B Shares for an aggregate purchase price of $1,300,000 pursuant to a Securities Transfer Agreement dated September 9, 2025 (the "Sponsor Transfer Transaction"). Additionally, prior to the Business Combination, the Reporting Person invested $20,000,000 into GOWell in the form of Series A preferred shares and warrants to purchase ordinary shares of GOWell. In connection with the Business Combination, prior to the First Merger, the 990,000 SPAC Class B Shares held by the Reporting Person were converted on a one-for-one basis into 990,000 Class A ordinary shares, par value $0.0001 per share, of SPAC (the "SPAC Class A Shares"). Further, pursuant to the First Merger, each resulting SPAC Class A Share was converted into one ordinary share, par value $0.0001 per share, of PubCo (the "Ordinary Shares"). Pursuant to the Second Merger, the Reporting Person acquired an aggregate of 2,453,935 Series A preferred shares of the Issuer (the "Series A Preferred Shares") and 980,392 warrants to purchase Ordinary Shares (the "Warrants") upon conversion of its investment in GOWell. Plans or Proposals The Reporting Person does not have any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Person acquired the shares reported herein for investment purposes. The Reporting Person intends to review its investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position and investment strategy, the price levels of the Issuer's Ordinary Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Person and its representatives may in the future take such actions with respect to its investment in the Issuer as it deems appropriate, including, without limitation, engaging in communications with members of the Issuer's management and/or other shareholders of the Issuer from time to time with respect to potential business combination opportunities and operational, strategic, financial or governance matters, or otherwise work with management and the Issuer's board of directors to identify, evaluate, structure, negotiate, execute or otherwise facilitate a business combination and facilitate efforts to raise additional capital in connection with a business combination, purchasing securities, selling some or all of its securities, engaging in short selling of or any hedging or similar transaction with respect to the Issuer's Ordinary Shares, including swaps and other derivative instruments, or changing its intention with respect to any and all matters referred to in Item 4 of Schedule 13D.