Reference is made to the announcement dated 15 April 2026 in relation to the MOU entered between QIULONG and NHEVT. The terms herein shall bear the same meaning as defined in the said announcement.
The Board is pleased to announce that NHEVT had on 21 May 2026 entered into a Motorcycle Completely Knocked Down (CKD) Assembly Cooperation Agreement with QIULONG, marking the completion of the objective of the MOU.
Accordingly, the MOU shall be of no further force and effect.
This announcement is dated 21 May 2026.