Chenghe Acquisition II Co. has announced an update regarding its business combination transaction with Polibeli Group Ltd. As detailed in a recent filing, Chenghe has entered into a Prepaid Share Forward Agreement with Harraden Circle Investors, LP, Harraden Circle Special Opportunities, LP, and Harraden Circle Strategic Investments, LP. This agreement involves the potential purchase of up to 3,000,000 Class A ordinary shares of Chenghe by the Seller from third parties or through reversing previously submitted redemption requests. Additionally, the Seller has the option to purchase up to 100,000 Committed Shares. The Counterparty, Chenghe prior to the merger and Polibeli after, will pay an aggregate cash amount based on the number of shares and the redemption price directly from Chenghe's trust account. This step marks a significant progression toward the consummation of the business combination.