Ace Global Business Acquisition Limited announced that it has entered into security purchase agreement for the issuance of unsecured promissory note in the aggregate principal amount of $455,400 to returning investor Ace Global Investment Limited on September 28, 2022. The note will bear no interest rate and will mature upon closing of a business combination by the company. In addition, the note may be converted by the holder into units of the company identical to the units issued in its initial public offering at a price of $10.00 per unit.