SBC Medical Group Holdings (Pono Capital Two) ^{Priced, Nasdaq: SBC}

We are a newly organized blank check company incorporated as a Delaware corporation. We believe that there are many target companies that could become attractive public companies and we will seek a target in the disruptive technology sector with a spotlight on companies in Asia with Japan in particular. Japan is home to some well-known companies, particularly in the area of consumer electronics. In recent years, more than half of Japanese companies have net cash versus 10-20% in western developed markets – and the ability of businesses to increase dividends and share buybacks, which could see greater value ascribed to shares. Japanese stocks are therefore becoming interesting for investors seeking a secure and growing dividend income, and ideally some growth on top. The dividend yield exceeds that of the US market, but on average Japanese businesses are only paying out a third of profits as dividends, so there is significant room for pay-outs to grow. We expect to focus on identifying potential target companies with above-industry-average growth, and a defensible market position where our management team’s operational, strategic, or managerial expertise can assist in maximizing value.