On January 31, 2022, the Registration Statement on Form S-1 (File No. 333-261585) (the Registration Statement) relating to the initial public offering (the IPO) of Blue World Acquisition Corporation (the Company) was declared effective by the U.S. Securities and Exchange Commission. Effective January 31, 2022, in connection with the effectiveness of the Registration Statement, Messrs.
Tianyong Yan, Alfred Trey Hickey, Buhdy Sin Swee Bok and Zhenyu Li became directors of the Company. In addition, the board of directors was classified and the term of office of each of the directors shall expire as follows: Class I, with a term expiring at the 2023annual general meeting Mr. Buhdy Sin Swee Bok; Class II, with a term expiring at the 2024 annual general meeting Messrs. Alfred J. Hickey and Zhenyu Li; and Class III, with a term expiring at the 2025 annual general meeting Messrs.
Liang Shi and Tianyong Yan. Messrs. Alfred Trey Hickey, and Zhenyu Li will serve as members of the audit committee, with Mr. Buhdy Sin Swee Bok serving as chair of the audit committee.