Aimei Health Technology Co., Ltd. (AFJK), a SPAC, is progressing with its proposed business combination with United Hydrogen Group Inc., which was initially agreed upon in June 2024 and approved by Aimei Health shareholders in November 2025. However, the closing is currently pending United Hydrogen obtaining necessary approvals from the China Securities Regulatory Commission (CSRC), causing delays. The deadline for completing the business combination has been extended multiple times, most recently to May 6, 2026, with the Sponsor and United Hydrogen making monthly deposits. The company also highlighted significant legal and operational risks associated with potential business combinations involving PRC-based companies, including United Hydrogen, and stated it will not acquire companies operating through VIEs.