On April 27, 2022, in connection with the IPO, Kwan Sun, Robert Ewing and Ning Ma were appointed to the board of directors of Chenghe Acquisition Co. (the “Board”). Effective April 27, 2022, Kwan Sun, Robert Ewing and Ning Ma were appointed to each of the Board's Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee with Ning Ma serving as chair of each of the three committees.

Following the appointment of Kwan Sun, Robert Ewing and Ning Ma, the Board is comprised of the following three classes: the term of office of the first class of directors, Class I, consisting of Kwan Sun, will expire at the Company's first annual meeting of shareholders; the term of office of the second class of directors, Class II, consisting of Robert Ewing and Ning Ma, will expire at the Company's second annual meeting of shareholders; and the term of office of the third class of directors, Class III, consisting of Richard Qi Li and Shibin Wang, will expire at the Company's third annual meeting of shareholders.