Taiwan Color Optics, Inc. entered into a business combination agreement to acquire Chenghe Acquisition Co. (NasdaqGM:CHEA) in a reverse merger transaction for $380 million on July 21, 2023. Post completion, Chenghe Acquisition Co., will be renamed as SEMILUX LTD., a direct wholly owned subsidiary of SEMILUX INTERNATIONAL LTD. (?Merger Sub?) and Taiwan Color Optics, Inc. The completion of the Proposed Transaction is expected to take place in the fourth quarter of 2023.

The transaction has been approved by the board of Chenghe Acquisition. Cohen & Company Capital Markets is serving as financial advisor and lead capital markets advisor to Chenghe Acquisition Co. White & Case is serving as legal advisor to Chenghe Acquisition Co.

and Landi Lawyer is serving as legal advisor to TCO.