Airmate-KY Announces Additional Guarantee for Subsidiary Airmate Electric (Shenzhen) Co., Ltd. under Article 25(3) of the Regulations on Lending and Guarantee by Publicly Traded Companies

1. Event Date: 07/01/115

2. Details of the Guaranteed Party: (1) Company Name: Airmate Electric (Jiujiang) Co., Ltd. (2) Relationship with the Guarantee Provider: Both are indirectly 100% invested by the same parent company. (3) Guarantee Limit (in thousands): 9,690,710 (4) Previous Guarantee Balance (in thousands): 3,202,201 (5) Amount of New Guarantee Added This Time (in thousands): 74,807 (6) Guarantee Balance as of Event Date (in thousands): 3,277,008 (7) Actual Amount Drawn by the Guaranteed Company (in thousands): 1,989,928 (8) Reason for the New Guarantee: Additional bank guarantee quota

3. Collateral Provided by the Guaranteed Company: (1) Description: None (2) Value (in thousands): 0

4. Latest Financial Statement of the Guaranteed Company: (1) Capital (in thousands): 2,329,236 (2) Accumulated Profit/Loss (in thousands): 119,256

5. Conditions for Release of Guarantee Liability: (1) Condition: Expiration of the credit agreement (2) Date: Expiration of the credit agreement

6. Total Guarantee Limit (in thousands): 52,054,375

7. Total Guarantee Balance as of Event Date (in thousands): 8,527,367

8. Ratio of Guarantee Balance Provided by A to the Net Asset Value in the Latest Financial Statement of the Publicly Traded Company as of Event Date: 312.46%

9. Ratio of the Combined Total of Guarantee, Long-Term Investment, and Fund Lending Balances to the Net Asset Value in the Latest Financial Statement of the Publicly Traded Company as of Event Date: 215.02%

10. Other Matters to be Disclosed: None