Sec Form 4/A Filing - Chen Deyin @ Lakeshore Acquisition I Corp. - 2021-06-28

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FORM 4/A
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
Chen Deyin
2. Issuer Name and Ticker or Trading Symbol
Lakeshore Acquisition I Corp. [ LAAA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
SUITE A-2F, 555 SHIHUI ROAD,, SONGJIANG DISTRICT
3. Date of Earliest Transaction (MM/DD/YY)
06/28/2021
(Street)
SHANGHAI, F42001100
4. If Amendment, Date Original Filed (MM/DD/YY)
07/09/2021
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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
Ordinary Shares, par value $0.0001 ( 1 ) ( 2 ) 06/28/2021 J( 3 ) 43,517 D $ 0 916,948 I Held by RedOne Investment Limited ( 7 )
Ordinary Shares, par value $0.0001 06/28/2021 P( 4 ) 5,430 A 922,378 I Held by RedOne Investment Limited ( 7 )
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
Warrant ( 2 ) $ 11.5 06/28/2021 P( 4 ) 4,073 ( 5 ) ( 6 ) Ordinary Shares, par value $0.0001 4,073 ( 4 ) 91,282 I Held by RedOne Investment Limited ( 7 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Chen Deyin
SUITE A-2F, 555 SHIHUI ROAD,
SONGJIANG DISTRICT
SHANGHAI, F42001100
X X Chief Executive Officer
Signatures
/s/ Chen Deyin 07/16/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes founder shares issued in connection with the initial public offering (the "IPO") of Lakeshore Acquisition I Corp. (the "Company").
( 2 )Simultaneously with the consummation of the Company's IPO, RedOne Investment Limited (the "Sponsor") acquired 116,279 units in a private placement (the "Private Units"). Each Private Unit consists of one ordinary share of the Company, par value $0.0001, and three-quarters of one warrant to purchase one ordinary share at an exercise price of $11.50 per share (the "Warrants"). The Private Units were purchased for $10.00 per unit.
( 3 )As contemplated in connection with the Company's IPO, 43,517 founder shares were returned by the Sponsor to the Company for no consideration and cancelled because the underwriters' over-allotment option was partially exercised and the remaining portion of the option would not be exercised by the underwriters.
( 4 )In connection with the exercise of the underwriters' over-allotment option, the Sponsor purchased an additional 5,430 Private Units as contemplated under the purchase agreement for the Private Units. The additional Private Units were purchased for $10.00 per unit.
( 5 )The Warrants will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination.
( 6 )The Warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.
( 7 )Held by RedOne Investment Limited. Mr. Chen is the managing member of RedOne Investment Limited and has voting and investment discretion with respect to the Ordinary Shares held of record by RedOne Investment Limited. Mr. Chen disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

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