HK Battery Technology, Inc. and Anhui Tiankang Group, being the joint venture partners to the Anhui Tiankang HK New Energy Technology Co., Ltd.(EJV), have reached agreement on 18 October 2018, and each has resolved, to terminate the EJV Agreement and dissolve the EJV on a voluntary basis. HKBT and Anhui Tiankang Group have agreed that, upon completion of the Dissolution, (i) HKBT shall have priority in receiving and withdrawing from the EJV the technical know-how previously contributed to the EJV; and (ii) the residual assets of the EJV previously contributed by Anhui Tiankang Group will be distributed to Anhui Tiankang Group.