Nanzhi Electric's Subsidiary KSX Electronics Announces Change of Business Address

1. Date of Event: June 18, 115

2. Company Name: KSX Electronics Co., Ltd.

3. Relationship with Company (Please enter 'Parent Company' or 'Subsidiary'): Subsidiary

4. Cross-shareholding Ratio: 100%

5. Reason for Change: Due to the disposal of land use rights and factory premises, the company's business address has been changed.

Previous Address: No. 333 Nanzhi Road, Kunshan Comprehensive Bonded Zone, Jiangsu Province

New Address: Building 8, No. 255 Nanzhi Road, Yushan Town, Kunshan City, Jiangsu Province

6. Countermeasures: The company has legally applied to the local competent authority for registration of the change of business address.

7. Other Matters to be Disclosed (If the subject of the event or resolution is a publicly issued company or above, this significant information also meets the criteria under Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act regarding matters having significant impact on shareholders' equity or securities prices): None.