On December 10, 2025, Sharing Economy International Inc. (“SEII”, the “Company”), And Light Across, Inc. (“Light Across”) entered into a Memorandum of Agreement (the “Agreement”), whereby the two companies entered into the plan for Light Across to purchase SEII’s convertible promissory note(s) (the “Notes”) in the total amount of US$1,000,000.

Light Across provides the best-in-class electric vehicle products (“EV”) using its own platform technologies while focusing on maximizing customer value by lowering the product cost through innovative design, supply chain management, automatic manufacturing, and minimum distribution cost.

On Light Across’s completion of purchasing of the Notes, SEII will acquire the EV assets of Light Across, including its subsidiaries EV assets, including, but not limited to its intellectual property product know-how. Light Control will appoint management members to takeover SEII management roles.