AJ Advance Technology Company Limited (the "Company") would like to inform that on August 15th, 2022, the Company has signed a Memorandum of Understanding (MOU) with AMR Asia Public Company Limited ("AMR") the following details: Signing Date: August 15th, 2022. Objective Studying and developing business of "Ma Charge Platform" (Ma Charge Cloud or MCC) for electric motorcycles (EV bikes) by AMR and the Company, intend to do the business together in selling and renting electric motorcycles and also installation of electric motorcycle battery charging stations, Including services, repairs and maintenance of the battery swapping stations and software system in the management of the information of the uses of electric motorcycles Batteries and battery charging stations to users of electric motorcycles in Thailand. Total value of the transaction: The value is not set in the MOU.

Termination of Memorandum of Understanding (MOU): This Memorandum of Understanding (MOU) is valid for a period of 1 year from the date of signing of this MOU.