Feutune Light Acquisition deposits $977,500 to extend SPAC deadline to June 21, 2023

Thunder Power Holdings, Inc.

Deposited $977,500 ($0.10/unit) into trust to extend business combination deadline from March 21 to June 21, 2023.
Extension funded by $600,000 from sponsor and $377,500 from a short-term loan provided by the company to sponsor.
Issued unsecured promissory note of $977,500 to sponsor, convertible into private units at $10/unit upon closing of a business combination.
Short-term loan of $377,500 from company to sponsor must be repaid by March 31, 2023.

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