Rising Dragon Acquisition Corp. is a special purpose acquisition company incorporated in the Cayman Islands that was capitalized through an initial public offering to identify and execute a business combination with a target operating company. The company targets small- to mid-cap companies valued between $500 million and $2 billion, with investment focus on green and sustainable energy, new energy, cutting-edge technologies, artificial intelligence, business software, and healthcare products, while maintaining flexibility across sectors and geographies. RDAC does not intend to acquire companies structured as variable interest entities typical of Chinese operations, though its China-based management team and leadership with significant China ties influence its acquisition strategy and regulatory environment.