On March 28, 2022, RF Acquisition Corp. (the Company) consummated its initial public offering (IPO) of 10,000,000 units (the Units). Each Unit consists of one share of Class A common stock of the Company, par value $0.0001 per share (the Class A Common Stock), one redeemable warrant of the Company (each whole warrant, a Warrant), with each Warrant entitling the holder thereof to purchase one share of Class A Common Stock for $11.50 per share, subject to adjustment, and one right to receive one-tenth of one share of Class A Common Stock.

In connection with the IPO, on March 23, 2022, Simon Eng Hock Ong and Vincent Hui Yang (collectively, the “Directors”) were appointed to the board of directors of the Company . The Board has determined that the Directors are independent directors within the meaning of applicable SEC and Nasdaq rules. Effective March 23, 2022, Simon Eng Hock Ong, Vincent Hui Yang, and Benjamin Waisbren were appointed to the Board's Audit Committee, with Simon Eng Hock Ong serving as chair of the Audit Committee, and Simon Eng Hock Ong, Vincent Hui Yang, and Benjamin Waisbren were appointed to the Board's Compensation Committee, with Benjamin Waisbren serving as chair of the Compensation Committee.

Following the appointment of the Directors, the Board is comprised of the following three classes: the term of office of the first class of directors, Class I, consists of Vincent Hui Yang, and will expire at the Company's first annual meeting of shareholders; the term of office of the second class of directors, Class II, consists of Benjamin Waisbren, and will expire at the Company's second annual meeting of shareholders; and the term of office of the third class of directors, Class III, consists of Tse Meng Ng and Simon Eng Hock Ong and will expire at the Company's third annual meeting of shareholders.