On 11 September 2023 (after trading hours), Honbridge Holdings Limited entered into the 2023 Sales Agreement with Zhejiang Geely, pursuant to which the Group will supply lithium-ion battery pack and related products to Zhejiang Geely Group in accordance with the terms and conditions thereunder. Term: From 23 October 2023 to 22 October 2026. Subject matters: Pursuant to the 2023 Sales Agreement, the Group shall supply lithium-ion battery pack and related products to Zhejiang Geely Group.

The exact model and volume of goods purchased by Zhejiang Geely Group from the Group and the dates of delivery will be provided in separate purchase orders. Pricing basis: The price of goods under the 2023 Sales Agreement will be negotiated on an arm's length basis with reference to the prevailing market price and determined in the ordinary course of business on normal commercial terms or on terms no less favourable to the Company than those offered to independent third parties and will be specified in separate purchase orders. Payment terms: Payments for the products under the 2023 Sales Agreement shall be settled within 75 days from the date of receipt of the invoice.

Condition: The 2023 Sales Agreement shall only become effective upon the Company having completed all necessary internal procedures (including obtaining approval of the Shareholders and/or the Board in accordance with the GEM Listing Rules), and having obtained all necessary approvals and consents from the Stock Exchange and other third parties (including relevant regulatory authorities, government or official authorities).