RF Acquisition Corp III Ordinary Shares

HCC Healthcare has signed a Business Combination Agreement with RF Acquisition Corp III, a publicly traded special purpose acquisition company, in a deal that values the Singapore-based healthcare group at approximately US$500 million and is expected to take it public on the Nasdaq Stock Market. Upon closing, anticipated in the fourth quarter of 2026, HCC Healthcare will become a publicly traded company, bringing together an integrated care network that, on a pro forma combined basis, encompasses more than 120 long-term care facilities and over 9,000 beds in Taiwan, including one of the largest caregiving institutions with more than 1,300 beds. The group provides medical transportation, procurement, education, and consulting services, and also manages case management for more than 7,000 individuals through community- and home-based services concentrated in Northern Taiwan. HCC Healthcare intends to use the proceeds to accelerate consolidation and integration of its network, while pursuing growth through a proprietary AI platform, expansion into Japan, cross-sector wellness partnerships, and investment in precision and regenerative medicine. The transaction remains subject to shareholder approval, SEC registration effectiveness, and other customary closing conditions.