Announcement of Price Adjustment

Dear Sir：

First of all, thank you very much for your continued support and trust in KEYPOWER.

Due to the costs of various raw materials: such as production fees for lead plates, shells, partitions, sulfuric acid, glue, and cartons have increased significantly, of which the production fees for lead plates increased by RMB300-400/ton, partitions increased by 16%, and sulfuric acid increased by 45%, Glue has risen by 40%, cartons have risen by 30%, even this the current price increase trend of raw materials has not stopped. The increase in the prices of raw materials has directly affected the cost of storage batteries to rise by more than 5%.

With the business of "mutual benefit and win-win cooperation", and to provide customers with quality products and services, our company has decided to increase the basic prices of all our products by 3 % from November 1^st, 2021.

With immediate effect, all new orders from November 1^st, 2021 will be executed according to the new prices.

We are sorry to bring you all the inconvenience and hope you will understand us as ever before.

Thanks so much.

Shenzhen Key Power Co., Limited

October 27th, 2021