China Dynamics Initiates Nasdaq Listing Process

HONG KONG SAR – Media OutReach – 25 May 2021 – China Dynamics (Holdings) Limited (the
“Company”; Stock Code: 476, together with its subsidiaries,
collectively “China Dynamics” or the “Group”), a global leader in
electric vehicle (EV) technology, has initiated the application process to list
the Company’s common shares on the Nasdaq (the “Proposed Listing”). Upon
approval for trading on the Nasdaq, the Company would continue to trade on The
Stock Exchange of Hong Kong Limited.

“As the world’s leading exchange for emerging growth companies, we see a
Nasdaq listing elevating our profile in the global investment community and
increasing awareness of our ongoing global deployments of our advanced EV
technologies,” stated China Dynamics CEO Miguel Valldecabres Polop. “It
is anticipated that additional working capital will be required for the
development of our EV business and general working capital. We have considered
various ways of raising funds and are of the view that the Proposed Listing
represents an attractive opportunity to drive greater market participation and
liquidity for our shareholders, increase our base of U.S. retail and
institutional investors, attract analyst coverage, and ultimately enhance
shareholder value over the near and long term.”

Since 2014, China Dynamics has emerged as a leading pioneer manufacturer
in electric drivetrain and vehicle networking. It is an integrated driving and
logistics solutions provider with the field of lightweight automotive body
design and new energy platform power system.

“We also consider this an opportune time for the Proposed Listing as the
Group plans to launch several new growth initiatives under the announced
proposed name change to EV Dynamics (Holdings) Limited which coincided with the
recently proposed federal investments for EV and EV infrastructure announced by
the U.S. Government. Our aim is to achieve a valuation that better reflects the
true value of our proprietary technology and rapid growth, especially now that
it has penetrated the overseas sales market on EV,” added Miguel Valldecabres
Polop.

The Company’s plans for the U.S. follows recently gaining major footholds
in the Americas, Europe, Middle East, South East Asia and Japan through strategic investments, joint ventures, partnerships and large fleet sales.

Nasdaq’s acceptance for
listing the Company’s shares on the Nasdaq is subject to approval based on
several factors, including satisfaction of minimum listing requirements. The
Company expects to satisfy those listing requirements; however, there can be no
assurances when or if the application will be approved by Nasdaq.