Deyin Chen - Jul 23, 2021 Form 4/A - Amendment Insider Report for Lakeshore Acquisition I Corp. (LAAA)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Chen Deyin
Stock symbol: LAAA
Transactions as of: Jul 23, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 7/27/2021, 09:27 PM
Date Of Original Report: Jul 19, 2021
Previous filing: Jul 19, 2021
Next filing: Mar 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LAAA	Ordinary Shares, par value $0.0001	Other	$0	-258K	-27.97%	$0.00	664K	Jul 23, 2021	Held by RedOne Investment Limited	F1, F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	LAAA	Warrant						91.3K	Jul 23, 2021	Ordinary shares, par value $0.0001		$11.50	Held by RedOne Investment Limited	F2, F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes founder shares issued in connection with the initial public offering (the "IPO") of Lakeshore Acquisition I Corp. (the "Company").
F2	Simultaneously with the consummation of the Company's IPO, RedOne Investment Limited (the "Sponsor") acquired 116,279 units in a private placement (the "Private Units"). Each Private Unit consists of one ordinary share of the Company, par value $0.0001, and three-quarters of one warrant to purchase one ordinary share at an exercise price of $11.50 per share (the "Warrants"). The Private Units were purchased for $10.00 per unit.
F3	On July 23,2021, the Sponsor made a pro-rata, in-kind distribution of 258,000 ordinary shares to its members.
F4	Held by RedOne Investment Limited. Mr. Chen is the managing member of RedOne Investment Limited and has voting and investment discretion with respect to the Ordinary Shares held of record by RedOne Investment Limited. Mr. Chen disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5	The Warrants will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination.
F6	The Warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.