Regarding recent media reports about our company

Friday, November 4, 2022

Dear Business Partners

We would like to take this opportunity to thank you for your continued support and business.

We would like to inform you that the information that has been reported in the media in recent days, such as “SGMW EV type acquisition procedures are expected to be completed soon,” “plans to enter the Japanese market and establish a plant next year,” and “retail price is expected to be 650,000 yen,” are all under review and being addressed, and are not the content of decisions already made by SGMW.

Apatech Motors

Legal Department

（以下、中国語）

关于最近的报道（公告）

2022年11月4日　星期五

各位

近期媒体对于本公司的报道，关于SGMW近期要完成安全认证，明年进入日本市场，成立工厂，包括65万日元的销售价格等消息，以上目前只处于调查研究阶段，并不是SGMW决定。

特此进行声明！

Apatech Motors

法务部