Otejia: Application for the issuance of stocks to specific objects has been approved by the China Securities Regulatory Commission.

Autogear announcement: On January 12th, the company received the "Approval for Autogear New Energy Technology Group Co., Ltd. to Issue Shares to Specific Objects" issued by the China Securities Regulatory Commission. The CSRC approved the company's application to issue shares to specific objects. This issuance must be strictly implemented according to the submission documents to the Shenzhen Stock Exchange and the issuance plan. This approval is valid for 12 months from the date of registration.