Sec Form 4 Filing - Provident Acquisition Holdings Ltd. @ Provident Acquisition Corp. - 2022-10-28

FORM 4 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 Provident Acquisition Holdings Ltd. 2. Issuer Name and Ticker or Trading Symbol Provident Acquisition Corp. [ PAQCU] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL 3. Date of Earliest Transaction (MM/DD/YY) 10/28/2022 (Street) HONG KONG, K300000 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 Class A Ordinary Shares 10/28/2022 C 5,327,500 A 5,327,500 I See Footnotes( 7 )( 8 ) Class A Ordinary Shares 10/28/2022 D 5,327,500 D 0( 2 ) I See Footnotes( 7 )( 8 )

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 Share s ( 1 ) 10/28/2022 C 5,327,500 ( 1 ) ( 1 ) Class A Ordinary Shares 5,327,500 ( 1 ) 0 I See Footnotes( 7 )( 8 ) Private Placement Warrants ( 3 )( 4 ) 10/28/2022 D 6,600,000( 5 ) ( 3 )( 4 ) ( 3 )( 4 ) Class A Ordinary Shares 6,600,000 ( 6 ) 0( 6 ) I See Footnotes( 7 )( 8 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Provident Acquisition Holdings Ltd. UNIT 11C/D, KIMLEY COMMERCIAL BUILDING 142-146 QUEEN'S ROAD CENTRAL HONG KONG, K300000 X X Kartono Winato UNIT 11C/D, KIMLEY COMMERCIAL BUILDING 142-146 QUEEN'S ROAD CENTRAL HONG KONG, K300000 X Beng Michael Aw Soon UNIT 11C/D, KIMLEY COMMERCIAL BUILDING 42-146 QUEEN'S ROAD CENTRAL HONG KONG, K300000 X Hoffmann Andrew Joseph UNIT 11C/D, KIMLEY COMMERCIAL BUILDING 42-146 QUEEN'S ROAD CENTRAL HONG KONG, K300000 X Signatures By: /s/ Provident Acquisition Holdings Ltd., By: /s/ Michael Aw Soon Beng, Authorized Signatory 11/01/2022 Signature of Reporting Person Date By: /s/ Winato Kartono 11/01/2022 Signature of Reporting Person Date By: /s/ Michael Aw Soon Beng 11/01/2022 Signature of Reporting Person Date By: /s/ Andrew Joseph Hoffmann 11/01/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Class B ordinary shares were converted into Class A ordinary shares on a one-for-one basis upon the consummation of the Issuer's initial business combination on October 28, 2022 (the "Initial Business Combination"). ( 2 )The reporting person disposed of all Class A ordinary shares upon the consummation of the Issuer's Initial Business Combination, which were automatically exchanged into corresponding Class A ordinary shares of Perfect Corp. ( 3 )Each Private Placement Warrant is exercisable to purchase one Class A ordinary share of the Issuer at an exercise price of $11.50 per share. As described in the Issuer's Registration Statement on Form S-1/A (File No. 333-251571) filed with the Securities and Exchange Commission on December 31, 2020 (the "Registration Statement"), the Private Placement Warrants are identical to the warrants sold in connection with the Issuer's initial public offering ("IPO"), except that the Private Placement Warrants, so long as they are held by the Provident Acquisition Holdings Ltd. (the "Sponsor") or its permitted transferees, ( 4 )(i) will not be redeemable by the Issuer, (ii) may not (including the Class A ordinary shares of the Issuer issuable upon exercise of such warrants), subject to certain limited exceptions, be transferred, assigned or sold by until 30 days after the completion of the Issuer's Initial Business Combination, (iii) may be exercised by the holders on a cashless basis and (iv) will be entitled to registration rights. ( 5 )Due to an administrative error, the Form 4 filed by the reporting person on January 12, 2021 inadvertently excluded 600,000 Private Placement Warrants acquired by the reporting person, when in fact a total of 6,600,000 Private Placement Warrants were acquired. This Form 4 hereby corrects that error. ( 6 )The reporting person disposed of all Private Placement Warrants upon the consummation of the Issuer's Initial Business Combination, which were automatically exchanged into corresponding warrants exercisable for Class A ordinary shares of Perfect Corp. ( 7 )Any actions (including voting and dispositive decisions) by the Sponsor with respect to the reported securities are made by the Board of Directors of the Sponsor, which consists of three individuals--Winato Kartono, Michael Aw Soon Beng and Andrew Joseph Hoffmann. Each director has one vote, and the approval of two of the three directors of the Sponsor's Board of Directors is required to approve any action of the Sponsor. Each of Messrs. Kartono, Beng and Hoffmann are also shareholders of the Sponsor and members of the Issuer's Board of Directors. ( 8 )Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by two or more individuals, and a voting and dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. Therefore, none of Messrs. Kartono, Beng or Hoffmann exercises voting or dispositive control over any of the securities held by the Sponsor, even those in which he holds any direct or indirect pecuniary interest. Accordingly, none of them are be deemed to have or share beneficial ownership over the reported securities, and the filing of this Form 4 shall not be deemed an admission that any of Messrs. Kartono, Beng or Hoffmann have or share beneficial ownership over the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.

Remarks: Exhibit 99 - Joint Filer Statement

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