China Dynamics Changes Name to Ev Dynamics

HONG KONG SAR – Media OutReach – 27 July 2021 – China Dynamics (Holdings) Limited (the “Company”, Stock
Code: 476, together with its subsidiaries, collectively “China Dynamics” or the
“Group”), which provides new energy vehicles and technology
integrated solutions, has changed the name of
the Company from “China Dynamics (Holdings) Limited” to “Ev Dynamics (Holdings)
Limited” and the secondary name of the Company in Chinese from “中國動力(控股)有限公司” to “科軒動力(控股)有限公司” to better
reflect the current status of the Group’s business development and its
direction of future development.

Mr. Miguel Valldecabres Polop, CEO of Ev Dynamics, said, “The Group is to globalise its electric vehicles
to world markets, including and not limited to Mainland China, Hong Kong, Asia
Pacific and South America. Through the dynamic environment of pure electric
vehicle development, it is also the Group’s aim to become an environmentally
friendly enterprise. We believe that the new name can provide the Company with
a more appropriate corporate image and identity which will benefit the Group’s
business development.”

The stock short name of the Company for trading in the shares
on The Stock Exchange of Hong Kong Limited will be changed from “CH DYNAMICS” to “EV DYNAMICS” in English and from “中國動力控股” to “科軒動力控股” in Chinese with effect from 27 July 2021.