Ace Global Business Acquisition Limited Announces Proposed Merger Agreement with LE Worldwide Limited

Combined Company Expected to Trade on the NASDAQ Post-close under a New Ticker Symbol

NEW YORK, Dec. 23, 2022 /PRNewswire/ -- Ace Global Business Acquisition Limited ("Ace") (NASDAQ: ACBA, ACBAU, ACBAW), a special purpose acquisition company, announced today that it has entered into a definitive merger agreement (the "Merger Agreement") with LE Worldwide Limited ("LE"), a key component provider of data-enabled greenhouse farming solutions, providing for a proposed business combination that, if consummated, will result in LE becoming a publicly listed company. Subject to the terms and conditions set forth in the Merger Agreement, upon the closing of the transactions, the parties plan to remain NASDAQ-listed under a new ticker symbol.

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