FortuneX Acquisition ^{Filed Terms, Nasdaq: FXACU}

We are a newly formed blank check company incorporated as a Cayman Islands. Our efforts to identify a prospective target business will not be limited to a particular geographic region or industry. Our ability to identify and evaluate a target company may be impacted by significant competition among other SPACs in pursuing a business combination transaction candidate and the significant competition may impact the attractiveness of the acquisition terms that we will be able to negotiate. We intend to focus our efforts on identifying and completing our initial business combination with a company that aligns with our team’s experiences, expertise and network of relationships. Our business strategy is expected to be focused on potential acquisition targets that exhibit compelling long-term growth potential and highly defensible market positions. We believe this will allow us to generate a differentiated pipeline of acquisition opportunities and lead to executing a business combination with an attractive target company more quickly, efficiently, and under better terms than our competitors. We have identified the following general criteria as we evaluate prospective target companies: large underpenetrated markets with favorable industry dynamics, strong management team, defensible market position, benefit from being a public company.