ETAO International (Mountain Crest Acquisition III) ^{Priced, Nasdaq: ETAO}

We are a blank check company. Although there is no restriction or limitation on what industry or geographic region our target operates in, it is our intention to pursue prospective targets that are in North America. Our sponsor, Mountain Crest Holdings III LLC, is controlled by Dr. Suying Liu, our Chairman, Chief Executive Officer and Chief Financial Officer, who have accumulated broad industry expertise and transaction experience from investing in and operating diverse businesses. Our goal is to identify and acquire a business with untapped opportunity for building a public company. We believe that our management’s and directors’ experiences, from evaluating assets through investing and company building, will enable us to source and execute a business combination with high-quality targets. Our selection process will leverage the relationships of our board with leading venture capitalists, private equity and hedge fund managers, respected peers, and our network of investment banking executives, attorneys, and accountants. Together with this network of trusted partners, we intend to capitalize the target business and create purposeful strategic initiatives in order to achieve attractive growth and performance after our initial business combination. We intend to focus on companies that possess under-researched and underappreciated asset(s) poised for significant growth once capitalized.