LOBO EV Technologies Ltd. Disposes of Beijing LOBO Subsidiary

LOBO EV Technologies Ltd. announced the disposal of its wholly-owned subsidiary, Beijing LOBO Intelligent Machine Co., Ltd., by its subsidiary Jiangsu LOBO Electric Vehicle Co. Ltd. The transaction was completed on April 21, 2025, with Beijing LOBO receiving a total consideration of RMB 27,000,000. The disposal was approved by the board of directors and followed a third-party valuation report. The company's main business in China remains focused on the design and manufacture of two-wheeled, three-wheeled, and off-highway four-wheeled electric vehicles. The financial statements for the year ended December 31, 2024, and the pro forma financial information are included in the filing.