On November 1, 2023, the board of directors of Horizon Space Acquisition I Corp. held a meeting, where all the members of the Board approved the Company to establish a special committee (the Special Committee) in connection with a potential business combination (the Business Combination) as contemplated in a non-binding letter of intent entered into by and between the Company and Shenzhen Squirrel Enlivened Media Group Co. Ltd. (Shenzhen Squirrel) dated October 17, 2023.

The Special Committee is comprised of three members, Messrs. Angel Colon, Mark Singh, and Rodolfo Jose Gonzalez Caceres, who are independent directors of the Company and review and evaluate the proposed Business Combination.