The board of directors of United Strength Power Holdings Limited announced that on 14 September 2023, the Company entered into a strategic cooperation framework agreement with Beijing Xiaoju New Energy Vehicle Technology Co. Ltd., pursuant to which both parties agreed to explore strategic cooperation in relation to the construction, acquisition and/or operation of vehicle energy charging stations in the People's Republic of China. Pursuant to the terms of the Framework Agreement, the mode of cooperation may include, amongst others: (a) the provision of vehicle energy charging stations by the Group and the provision of the charging system, technical assessment and specifications and operation resources by Xiaoju New Energy; (b) the investment in the construction of vehicle energy charging stations by The Group and the assessment and the provision of suitable locations for the construction of vehicle energy charging station along with the provision of the charging system.

(c) the acquisition of vehicle energy charging stations by, the Group and the provision of suitable acquisition targets along with the provision of the charge system, technical assessment and specifications & operation resources by Xiaoju new Energy; and (d) the co-brand franchising between the Group and Xiaoju New Energy, where Xiaoju New Energy shall provide the charging system and technical assessment and specifications and operation Resources at the franchising vehicle energy charging stations.