Summary of Company Description

Company Name: DT Cloud Star Acquisition Corporation (DTSQ and DTSQR securities traded on Nasdaq)

Legal Structure: Exempted company incorporated in the Cayman Islands

Business Objective:

• Initially formed as a blank check company with the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more target businesses.

Formation Date: November 29, 2022

Key Activities:

• Actively seeking and evaluating potential target companies for a business combination across any industry or geographic location.
• Source deal opportunities through extensive networks of management, sponsor, affiliates, and industry contacts such as corporate executives, founders, venture capitalists, private equity firms, financial intermediaries, and family offices.
• Conduct rigorous due diligence including meetings with management, inspections, financial reviews, customer and supplier interviews, and operational site visits.
• Structure and negotiate transactions focusing on deals with compelling economics, recurring revenues, market defensibility, and growth potential.
• Target businesses with long-term financial visibility, defensible market positions, high growth potential, and strong management teams.

Strategic Focus:

• Sourcing deals with structural attributes that maximize shareholder value, including complex and creative transaction structures.
• Target companies which will benefit from being public, gaining access to capital markets, and boosting profile and management incentives.
• Seek companies with a fair market value of at least 80% of trust account balance at the time of initial agreement, with flexibility to deviate from strict criteria.

Current Operational Status:

• No specific target business has been identified or selected yet.
• No revenues or operating results to date.
• No mention of number of customers, employees (apart from three officers), revenue, or income.
• The company has not yet begun operations or generated revenues; it is in the search and evaluation phase.

Financials (As provided):

• No revenues, no income, and no operating history.
• As of December 31, 2024, the company’s financial statements have been audited and reported by UHY LLP.
• No specific numbers on customers or employees (apart from three named officers).
• No revenues, profit, or income figures are provided because the company is pre-operational, effectively a shell seeking a target for business combination.

Additional Details:

• The company has approximately 8,900,900 ordinary shares issued and outstanding as of March 24, 2025.
• The initial public offering closed on July 26, 2024, raising $69 million, with net proceeds deposited into a trust account.
• The company’s operations are primarily aimed at identifying a target and completing a business combination within 15 months from the IPO date.