Participants in the Solicitation

ACE and Tempo and their respective directors and officers may be deemed to be participants in the solicitation of proxies from ACE’s shareholders in connection with the Proposed Business Combination. Information about ACE’s directors and executive officers and their ownership of ACE’s securities is set forth in ACE’s filings with the SEC, including the Form 10-K. To the extent that holdings of ACE’s securities have changed since the amounts printed in the Form 10-K, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of those persons and other persons who may be deemed participants in the Proposed Business Combination may be obtained by reading the proxy statement/prospectus regarding the Proposed Business Combination when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph.

Non-Solicitation

This press release shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Business Combination. This press release shall also not constitute an offer to sell or a solicitation of an offer to buy any securities of ACE, the combined company or Tempo, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

¹ Pro forma (PF) figures include the acquisitions of Compass AC Holdings, Inc. (“Advanced Circuits”) and Whizz Systems, Inc. (“Whizz”) which are expected to close substantially concurrently with the SPAC business combination

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005537/en/

Media Contact:
BOCA Communications for Tempo Automation
tempoautomation@bocacommunications.com

Investor Relations Contact:
Mark Roberts
Mark@blueshirtgroup.com
tempoautomation@blueshirtgroup.com

ACE Convergence Acquisition Corp.
info@acev.io