Sec Form 3 Filing - ACE SO5 Holdings Ltd @ ACE Convergence Acquisition Corp. - 2022-07-12

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ACE SO5 Holdings Ltd 2. Issuer Name and Ticker or Trading Symbol ACE Convergence Acquisition Corp. [ ACEV] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 8 MARINA VIEW, ASIA SQUARE TOWER 1,, #43-01 3. Date of Earliest Transaction (MM/DD/YY) 07/12/2022 (Street) SINGAPORE, U0018960 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Class B ordinary shares ( 1 ) ( 1 ) ( 1 ) Class A ordinary shares 755,930 D( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other ACE SO5 Holdings Ltd 8 MARINA VIEW, ASIA SQUARE TOWER 1, #43-01 SINGAPORE, U0018960 X ACE Equity Partners International PTE Ltd. 8 MARINA VIEW, ASIA SQUARE TOWER 1, #43-01 SINGAPORE, U0018960 X ACE Equity Partners LLC 31, NONHYEON-RO, 36-GIL, GANGNAM-GU SEOUL, M506296 X Ko David Young 31, NONHYEON-RO, 36-GIL, GANGNAM-GU SEOUL, M506296 X Signatures ACE SO5 Holdings Limited, By: /s/ Denis T. Tse, as Director 10/24/2022 Signature of Reporting Person Date ACE Equity Partners International Pte Ltd., By: /s/ Denis T. Tse, as Chief Executive Officer 10/24/2022 Signature of Reporting Person Date ACE Equity Partners LLC, By: /s/ David Y. Ko, as Chief Executive Officer 10/24/2022 Signature of Reporting Person Date /s/ David Y. Ko 10/24/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )As described in the issuer's registration statement on Form S-1 (File No. 333-239716) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date. ( 2 )ACE Equity Partners International Pte Ltd. ("AEPI") is the sole owner of the voting equity of ACE SO5 Holdings Limited ("ACE SO5"). The sole shareholder of AEPI is ACE Equity Partners LLC, which is wholly owned and controlled by David Y. Ko. Each of AEPI, ACE Equity Partners LLC and Mr. Ko may be deemed to beneficially own securities held by ACE SO5. Denis Tse is the manager of ACE SO5. Mr. Tse disclaims beneficial ownership of securities held by ACE SO5.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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