Chenghe Acquisition II Co.
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Various legal and operational risks associated with ties to Hong Kong and/or China. Potential Chinese government intervention or influence on operations. Changes in Chinese government policies and regulations impacting operations and target company searches. Risks associated with regulatory approvals, offshore offerings, anti-monopoly actions, cybersecurity, and data privacy if acquiring a PRC Target Company. Risks associated with VIE structures in China, including uncertainties in PRC laws and regulations, enforcement challenges, and potential government intervention. Restrictions on foreign exchange and cash transfers between entities and across borders. Potential delisting from U.S. stock exchanges due to PCAOB inspection limitations.
Mitigation Strategies
- The company will comply with all applicable laws and regulations. The company's auditor, Enrome LLP, is headquartered in Singapore and is registered with the PCAOB and subject to its inspection. The company will not consummate a business combination with a target company whose auditor cannot be fully inspected by the PCAOB for two consecutive years.