Sunwoda Electric Vehicle Battery Co., Ltd. (hereinafter referred to as "Sunwoda EV"), a wholly-owned subsidiary of Sunwoda Electronic Co., Ltd. (hereinafter referred to as "Sunwoda "), recently received a notice from Volvo Cars Asia Pacific Regional Headquarters (hereinafter referred to as "Volvo Cars") that Sunwoda EV has been approved by Volvo Automotive Certification.

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The event that Sunwoda EV has passed the review of Volvo Automotive Certification and obtained the technical requirements released by the customer, represents the official start of the coordination between Sunwoda and Volvo Cars, and fully embodies Sunwoda's leading position in the field of EV battery technology and its competitiveness of related products in the market. In the future, Sunwoda will further strengthen related technological development and market development, continuously promote the upgrading of related products and technologies, and explore the application of related technical products in more fields, so as to lay a solid foundation for the rapid and sustainable development of Sunwoda electric vehicle battery business.