An unknown buyer entered into definitive agreement to acquire Chevrolet Dealerships in Beckley, West Virginia from LMP Automotive Holdings, Inc. (OTCPK:LMPX) on March 20, 2023. The Company anticipates that the expected closing of the transactions contemplated by the Agreements will occur in June 2023, subject to the satisfaction of the terms and numerous conditions precedent to closing of such Agreement, which include, but are not limited to, manufacturers’ approval.