Kingmax Electric: Change in Lease Agreement Amount for Zhonggang Plant and Office Building to RAC Electric Vehicles

1. Original announcement date: 2021/03/23 2. Brief description of original announcement: Lease of Zhonggang plant and office building to RAC Electric Vehicles, assisting in the establishment of a modernized, industrialized intelligent production line, significantly simplifying the electric bus production process and shortening production time. 3. Reason for change and main content: Rent adjusted according to price index as per the lease agreement. 4. Impact on the company's financial and business operations after the change: No significant impact. 5. Other matters that should be stated: None.