ENGWE and AINOHOT have entered into a strategic partnership aimed at further developing the electric-assist bicycle business in the Japanese market. This collaboration commenced on July 1, 2026. About the Companies ENGWE is an electric-assist bicycle brand with a global presence, primarily in the European market, recognized for its strong product development capabilities and design excellence, earning high praise from many users. Meanwhile, AINOHOT operates in the electric mobility business within the Japanese market, striving to create an environment where customers can use products with peace of mind by establishing a comprehensive support system from sales to after-sales service. Partnership Overview Through this partnership, both companies will leverage their respective strengths to jointly promote the planning, development, and business expansion of electric-assist bicycles optimized for the Japanese market. As a first step, we will begin the joint development of a new electric-assist bicycle model for the Japanese market. We aim to develop a product that not only complies with Japanese regulations but also considers Japan's road conditions, lifestyles, and customer needs, offering high quality, safety, and excellent cost performance. Furthermore, we will further strengthen collaboration in our development systems, sharing technology and know-how to build a framework that allows for the rapid incorporation of customer feedback from the market into product development. This will enable us to provide even more attractive and valuable products and services to our Japanese customers. Future Outlook Through this partnership, ENGWE and AINOHOT will contribute to the further popularization and development of electric-assist bicycles in the Japanese market, while offering customers a more comfortable and secure mobility lifestyle. Moving forward, both companies will work towards realizing a sustainable mobility society by focusing on product development and service enh