. Also, the Company’s main revenues were originally from low-maintenance battery sales. However, during the past year, there were increased demands in maintenance-free batteries in the market. That caused

mainly because the volume of batteries sold decreased due to the impact of COVID-19. The Company’s gross profit margins for the first 6-month period of 2019 – 2020 were equal to 18.60 percent and 20.70

Republic of China, established to support the Company’s future overseas investment. - 24M Technologies Inc., a company which conducts research and development of batteries for power storage for the

completed and after studying the demand of lithium-ion batteries, shows that the demand will exceed the capacity of supply where the main customer group will be the System Integrator which will use this

of 100 MWh which is expected to COD at the end of 2019; the company continues to seek other batteries which are at good quality and suitable for usage to develop the on going projects. 6 Management

domestically and in the region. Initially, the company will produce batteries for customers in the PTT group and will be ready to expand the production capacity according to market demand, up to the level of

support the Company’s future overseas investment. - 24M Technologies Inc., a company which conducts research and development of batteries for power storage for the industrial sector and power line system