SMK Co., Ltd Honored with Minister of Science and ICT Awardat the 30th Republic of Korea Impact Tech AwardsSix companies, including SMK,Samsung Electronics,Mobilint, Saltlux, BRLab, and Futuremain, have been awarded the Minister of Science and ICT Award at the 30th Republic of Korea Impact Tech Awards.SMK Co., Ltd was recognized for its replaceable battery packs and charging stations. The company has been acknowledged for its technical prowess in replaceable battery charging facilities and rapid chargers for personal mobility. It also offers an integrated control system capable of charging using renewable energy sources such as solar and wind power, and managing battery conditions. Leveraging its proprietary technology, SMK plans to expand into various industries, including logistics robots, Urban Air Mobility (UAM), and Energy Storage Systems (ESS).

"Convenience Stores Transform into Charging Hubsfor Electric Motorcycles, Attracting Riders"Simple battery exchange system: Insert used battery and take out a new oneSeven-Eleven (Convenience store) reports an average of 1,000 uses per month after three months of operationUtilizing the advantage of a dense store network, expecting to attract riders and increase related salesConvenience stores are transforming into popular charging spots for electric motorcycles. As the government is pushing for the spread of battery swap electric two-wheelers (electric motorcycles), the convenience store industry is also rolling up its sleeves by introducing Battery Swap Stations (BSS) one after another. The convenience store industry plans to attract delivery riders using their dense store network and increase related sales.According to the convenience store industry on the 12th, Seven-Eleven has joined hands with AIMS, a startup providing electric motorcycle battery sharing services, to expand the 'Nanu' electric motorcycle BSS. Currently, Seven-Eleven is pilot-operating AIMS' electric motorcycle BSS in over 50 stores in Seoul, Busan, and Mokpo.The electric motorcycle battery exchange is done by removing the used battery, inserting it into the BSS, and installing another charged battery onto the motorcycle. Seven-Eleven plans to expand the installation stores to Gyeonggi-do, Daegu, and other regions this year, implementing electric motorcycle battery exchange services in a total of about 130 stores.GS Retail has partnered with Kuru, an in-house independent corporation of LG Energy Solution. According to GS Retail, they are currently pilot-operating a BSS at one GS25 location in Yeoksam-dong, Gangnam-gu, Seoul. GS Retail plans to start full-scale installation from July and install it in 200 GS25 stores this year.CU also entered BSS operation in cooperation with charging solution company EasyCharger in February this year. According to BGF Retail, CU is currently operating BSS at CU Myongji University Branch, Gogang Branch, Convenient Onsu Branch, and Sinlim Cafe Branch. CU plans to expand BSS focusing on Seoul and the metropolitan area after monitoring usage status.Emart24, which started BSS service early, plans to increase the number of BSS operating stores to 100 by the end of this year. Previously, Emart24 introduced BSS in 18 stores in Seoul in September 2021 and has been gradually increasing the number of serviceable stores every year.The reason why convenience stores are interested in electric motorcycle battery exchange stations is that they can attract electric motorcycle riders and lead to convenience store-related sales while participating in the government's policy of expanding electric motorcycles. According to Seven-Eleven, the number of uses exceeded an average of 1,000 per month during the three months of BSS operation.Mr. Park (31), who delivers in the Gangnam area using an electric motorcycle, said, "It's efficient to be able to easily exchange batteries through the BSS installed in convenience stores. When I go to exchange batteries, I also buy cigarettes and drinks at the convenience store."Currently, the main users of electric motorcycles are delivery riders, but it is expected that the user base will expand to the general public in the future as the government actively promotes the spread of battery swap electric motorcycles. According to the Ministry of Environment, the current cumulative supply of electric two-wheelers is 62,917 units. The supply target for this year is 40,000 units. In particular, when only the body of a battery swap electric motorcycle is purchased, a subsidy equivalent to 60% of an electric motorcycle including the battery can be received.A convenience store industry official said, "We are actively participating in the government's eco-friendly electric motorcycle promotion policy and can attract delivery riders as convenience store customers (by introducing BSS service). We are looking forward to the expansion of electric motorcycle use not only for delivery riders but also for the general public in the future."

"Ministry of Environment Revises Subsidy Systemto Promote Spread of Battery Swap Electric Two-Wheelers"The Korean government has revamped its subsidy system to promote the spread of battery swap electric two-wheelers. The Ministry of Environment revealed the guidelines for the electric two-wheeler subsidy project, which will be applied this year, on their official website on the 28th.This year's guidelines focus on promoting battery swap electric two-wheelers, which replace used batteries with charged ones at exchange stations instead of charging them. The Ministry of Environment has made it possible to receive a subsidy equivalent to 60% of the cost of an electric two-wheeler, including the battery, when only the body of a battery swap electric two-wheeler is purchased. In this case, a battery subscription service must be used for a mandatory operation period of two years.Battery swap electric two-wheelers are relatively free from the typical disadvantages of electric two-wheelers, such as 'short driving distance and long charging time'. Currently, the driving distance of electric two-wheelers per charge is 70-80km, which is less than a third of that of gasoline-powered two-wheelers (about 300km).This year, a new standard for subsidies for 'other types of electric two-wheelers', such as three-wheelers, has also been established. Originally, electric two-wheeler subsidies were classified and paid according to light, small, medium, and large types, but other types were tied to large types, leading to criticisms that they received excessively more subsidies than general types.According to this year's guidelines, the upper limit of the electric two-wheeler subsidy is 1.4 million KRW for light types, 2.3 million KRW for small types, 2.7 million KRW for medium and other types, and 3 million KRW for large types.The 'climbing performance', which looks at how well a two-wheeler climbs a hill, has been changed to consider the gross vehicle weight when differentiating subsidies based on it. This is to prevent companies from focusing solely on lightening electric two-wheelers and neglecting safety.From this year, small business owners and vulnerable groups can receive an additional 10% of the electric two-wheeler subsidy. Also, regarding the allocation of 10% of the subsidy to delivery electric two-wheelers, it was previously recognized as purchasing a delivery electric two-wheeler only when 'commercial transportation insurance' was subscribed for more than 6 months, but from this year, it is also recognized when 'non-commercial transportation insurance' is subscribed for more than 3 months.The current cumulative supply of electric two-wheelers is 62,917 units. The Ministry of Environment aims to increase the cumulative supply of electric two-wheelers to 40,000 units by this year, and to achieve this, it will invest 32 billion KRW in subsidy support, which is a 78% increase from last year.

"Korean Government Establishes Standards forInterchangeable Electric Two-Wheeler Battery Packs to Ensure Interoperability"The Korean Agency for Technology and Standards (KATS) has announced the establishment of a new standard, KS R 6100, for interchangeable battery packs for electric two-wheelers. The standard, which ensures that battery packs can be exchanged regardless of the manufacturer, is expected to be proposed as an international standard to the International Electrotechnical Commission (IEC).The standard includes general requirements (voltage, size, weight, capacity), connectors for charging and discharging, communication protocols, and safety and durability test methods. The standardization process, which began in 2020, involved consultations with small and medium-sized manufacturers, users, and related ministries to ensure interoperability between two-wheelers, exchangeable batteries, and charging stations.Specifically, the battery voltage has been standardized to 48V and 72V, and the size, weight, and capacity have been standardized to accommodate a typical driving range of 40-50km. The communication protocol between electric two-wheelers and charging stations has been defined as the CAN communication method.With the compatibility of battery packs for domestically developed electric two-wheelers secured, the related market is expected to expand as charging and discharging can be performed regardless of the manufacturer. The industry and government have agreed to cooperate and communicate to establish standards in the domestic market while promoting market expansion and competitiveness.KATS plans to propose the unique standard for exchangeable batteries for electric two-wheelers as an IEC international standard in the future. Sang-hoon Lee, the head of KATS, emphasized that as the distribution of electric two-wheelers expands, battery standardization is emerging as a core element of the competitiveness of electric two-wheelers. He added that they will support the strengthening of global competitiveness of electric two-wheelers by proposing standards related to exchangeable battery packs based on the KS standard as international standards.

InterBattery 2023, SMK Unveils e-Mobility Chargers and Battery PacksElectric two-wheelers and electric bicycles, among other e-mobility batteries, can be charged using replaceable batteries, eliminating the need for waiting times at battery exchange charging facilities. Additionally, these batteries can be used as small energy storage systems (ESS: Energy Storage System) for outdoor activities such as camping when needed.In response, SMK, an eco-solution company specializing in the manufacture of e-mobility chargers and battery packs, led by CEO Kim Yoon-jae, participated in 'InterBattery 2023' held at COEX from March 15 to 17, showcasing various charger products and battery pack products related to e-mobility.SMK, a developer of battery packs equipped with Samsung SDI battery cells and a developer of Battery Management Systems (BMS), launched the country's first domestic exchangeable battery charging facility (BSS, Battery Swap System) in the market in 2019.Contact charging products are multi-connector charging products capable of charging various e-mobility products such as electric kickboards and electric two-wheelers, allowing simultaneous charging of up to four e-mobility products. Furthermore, they have significantly reduced waiting times for full charging based on a rapid charging system. SMK's battery packs and charging products can be custom-made according to the demands and requirements of bike manufacturers and others.Recently, the government is actively promoting the electrification of transportation means to increase the use of electric two-wheelers in delivery services and reduce carbon dioxide. National standard regulations for product standardization are also being prepared. At the end of last December, the National Institute of Technology Standards announced the establishment of four KS standards for exchangeable battery packs.The Ministry of Environment also plans to convert all two-wheelers sold domestically to electric by 2030 and is providing purchase subsidies. The subsidy for chargers to expand charging facilities is also increasing every year.SMK CEO Kim Yoon-jae said, "With the rapid growth of the e-mobility industry, SMK will become a leading company leading the market by building not only batteries and chargers but also an integrated e-mobility system," and added, "We are making our potential known through the InterBattery event we participate in every year."Related articleURL

<Notice>Convocation Notice for the 14th Regular General Meeting of ShareholdersWishing for your continued success and peace in your household,Our company hereby convenes the 14th regular general meeting of shareholders in accordance with Article 365 of the Commercial Act and Article 26 of our Articles of Incorporation. Please attend as follows:Below -Date and Time: 10:00 a.m., Friday, March 31, 2023Location: Company Conference Room, 804-1, Anyang Megavalley, 268 Haki-ro, Dongan-gu, Anyang-si, Gyeonggi-doPurpose of the Meeting《Report Agenda》Business Report and Audit Report《Proposed Agenda》Proposal 1: Approval of the 14th (January 1, 2022 ~ December 31, 2022) Balance Sheet, Income Statement and Surplus Earnings Disposition StatementProposal 2: Election of DirectorsProposal 3: Election of AuditorProposal 4: Approval of Director Remuneration LimitProposal 5: Approval of Auditor Remuneration LimitMatters related to the exercise of voting rights by substantial shareholdersFor this company's general shareholders' meeting, you can either directly exercise your voting rights in accordance with the General Shareholders Meeting Participation Guide, or indirectly exercise your voting rights through a power of attorney.March 16, 2023219 Anyang Megavalley, 268 Haki-ro, Dongan-gu, Anyang-si, Gyeonggi-doSMK Co.,Ltd.CEO Kim Yoon-jae (seal omitted)

* The Venture Business Association held the '2022 Venture Entrepreneur's Night' event, during which they hosted an awards ceremony recognizing those who have contributed to the development of the venture industry. Director Cho Sung-gu of SMK received a commendation from the Minister in the Workers category. / December 6, 2022 Venture Business Association Hosts 'Venture Entrepreneur's Night'The Venture Business Association held the '2022 Venture Entrepreneur's Night' event at the EL Tower in Yangjae-dong, Seoul, on the 6th.This year's slogan is "Global economic crisis, we will overcome again with entrepreneurship". About 230 venture entrepreneurs and related organizations attended the event, including Minister of Small andMedium Venture Business Lee Young, Congressman Kim Jung-ho (Democratic Party of Korea), Congressman Sung Il-jong (People Power Party), Congressman Jung Tae-ho (Democratic Party of Korea),Congressman Han Moo-kyung (People Power Party), Congressman Hong Seok-jun (People Power Party), Director Nam Min-woo of the Korea Youth Entrepreneurship Foundation, Kim Bung-hee, Chairman ofthe KoreaWomen's Venture Association, Seok Yong-chan, Chairman of the Korea SME Management Innovation Association, and Park Hyun-joo, Chairman ofthe IT Women Entrepreneurs Association.Venture entrepreneurs conducted a campaign and pledge event to spread the culture of entrepreneurship, with the intention of overcoming the crisis by joining forces as 'problem solvers of crisis recovery'. Theydemonstrated their willingness to participate in the campaign by attaching their business cards to the declaration wall set up at the venue.At the 'Venture Award of the Year' ceremony, △ Lee Dae-hwan, CEO of Luxrobo was selected as 'Entrepreneur' △ Ryu Jong-hyuk, CEO of Seoul Reap, Lee Jong-chun, CEO of Sunyang Food, andHan Jun-sub, CEO of Gimision were selected as 'Learning Ventures' △ Lee Sang-ho, Head of Yeonsan Metal Research Institute, Choi Go-woon, Team Leader of Beautiful Sky, and Cho Sung-gu, CTO of SMKwereselected as 'Workers' and received a commendation from the Minister of Small and Medium Venture Businesses.In addition, for the Venture Business Association Chairman's Award, △ Jung Young-hwa, former chairman of the Venture Business Association National Council (Merit Award) △Ubiquitous, Boim Technology,View On (Outstanding Member Company) △ Lee Kwang-chang, team leader of the Small and Medium Business Bank, and Hong Hyun-kwon, representative of Zeta Plan Invest (Outstanding Partner) △Kang Min-jae, representative director of Easy Wellness and three others (Learning Ventures) △ Kim Yu-jae, CEO of Power Player and five others (Startup Activation) were named.Kang Sam-kwon, chairman of the Venture Business Association, said, "We will do our best to support the expansion of venture companies' global territories and the spread of innovative entrepreneurship,growth and activation of competitive regional venture companies, and digital transition support." https://www.yna.co.kr/view/AKR20221206078800003?input=1195m

*The Gyeonggi Economic Science Promotion Agency held the 2022 Promising Energy Company Certification Ceremony. In the field of energy storage (charging), SMK Co., Ltd. and six other companies were selected. / November 27, 2022 "Certificate Award Ceremony for 15 Promising Energy Companies in Gyeonggi Province in 2022"On the 25th, Gyeonggi Province (Governor Kim Dong-yeon) held a certificate award ceremony for promising energy companies in 2022 at the Gyeonggi Economic and Science Promotion Agency.According to the province, the Promising Energy Company Support Project has been promoted since 2021 to foster energy specialized companies and promote the commercialization of technologies. Afterreceiving applications from energy companies in the province from May to June, 15 companies were finally selected after evaluation. This year, 42 companies applied, recording a competition rate of about 3.5 to 1.The 15 selected companies are ▲Light Bridge Co., Ltd., Hyrium Industries Co., Ltd. in the hydrogen field ▲Basman Technology Co., Ltd., PM Grow Co., Ltd., Ekaplug Co., Ltd., SMK Co., Ltd., Gentry Co., Ltd.,Ites Co., Ltd., and Digital Makers Co., Ltd. in the energy storage (charging) field ▲ Sungjin General Electric Co., Ltd., Osung Electric Co., Ltd., HD Energy Co., Ltd., BokYong Co., Ltd., ABC Labs Co., Ltd., HKCCo., Ltd. in the energy efficiency field.Basman Technology Co., Ltd., located in Hanam City, is a company that has commercialized environmentally friendly lithium-ion rechargeable batteries and interior and exterior onboard chargers (OBC) forpersonal mobility charging infrastructure. It is drawing attention as a company that provides location-based analysis services using battery management system data based on experience and technology inrenewable energy storage system solutions.Light Bridge Co., Ltd. in Hwaseong City is attracting a lot of attention from domestic and foreign buyers interested in carbon neutrality and green growth based on competitive technologies in the field ofatmospheric plasma and hydrogen energy.The selected companies will be awarded certificates (certification period of 3 years) and nameplates, and will be supported with 22 million won in funds for business customization needed for domestic and foreign certification, marketing, acquisition of intellectual property, etc.This year, reflecting the opinions of participating energy companies, the plan is to promote improvements such as strengthening publicity using the brand design (BI) of promising energy companies, increasingsupport amounts (20 million won → 22 million won), participating in corporate exhibitions and hosting seminars, and promoting inquiries about legal violations by supported companies.To become a promising energy company, the company must be a company in the energy-focused technology field (4 major 16 fields) designated by the state, and the headquarters or factory must be located inthe province for more than 3 years, and more than 50% of the total sales must be energy-related sales.

* SMK and Talos, Civilian and Defense Small Businesses in Secondary Battery Sector, Sign Business Agreement for New Battery Manufacturing Technology / September 19, 2022SMK Signs Business Agreement with Talosfor Secondary Battery Manufacturing TechnologySMK CO.,LTD announced on September 19 that it has signed a business agreement with Talos, a leading small enterprise in the defense and civilian sectors of the secondary battery industry, to develop batteries that can operate even in extreme environments using new secondary battery manufacturing technology.The business agreement ceremony took place in the conference room of Talos in Dongan-gu, Anyang City, Gyeonggi Province. At the event, Talos representative Jae-ho Cha, SMK representative Do-hyung Kim, and executives from both companies participated and discussed creating the best business model by focusing on the capabilities of small businesses with niche strategies that large companies cannot perform.Founded in 2005, Talos, who signed the business agreement, is a professional company developing and producing lithium-ion secondary batteries and chargers needed for national defense industries, nationallong-term projects, and space aviation industries, such as Hanwha Systems and LIG Nex1, recognized in the defense industry.Meanwhile, SMK, which also signed the agreement, is a professional company that operates and manages environmentally friendly means of transport, developing a composite charging facility where variousproducts of personal mobility, secondary battery packs, and other mobilities can be charged in one place. As a subsidiary of LUL Korea, which is securing the country's largest mobility production plant, it isattracting more attention overseas through its partnership with foreign global companies.A representative of SMK stated, “This agreement is deeply related to the development of secondary batteries for defense purposes and military weapon systems. Most importantly, the non-disclosure agreement (NDA) is crucial, and the detailed contents were conducted on the principle of non-disclosure.”The brief content of the business agreed upon by the two companies includes the development of ultra-lightweight secondary batteries mounted on UAM and the development and mass production of batteriesthat can withstand up to minus 50 degrees by 2024. They have also agreed to participate in the U.S. federal public procurement and UN public procurement markets based on core defense technologies andexperiences, not only domestic promotions.Kim Do-hyung, CEO of SMK, said, "The collaboration between the two companies in development and production will create enormous synergy as a Korean company in not only the mobility market but also the global defense market."He further added, “We expect an additional sales of more than 30 billion KRW and predict a high operating profit rate of more than 30%. The current hottest issue is the collaboration of two markets, the meetingof a defense specialist company and a mobility specialist company. We are looking forward to the successful case of mutual cooperation between small businesses with strong technology in the defense and civilsectors."

*Viaje Korea, LUL Korea, SMK, and UPchain Sign Agreement for Electric Bicycle Rental Service / July 7, 2022 Electric Bicycle Rental Service in Bali, Jeju Island, and Gangwon Province... Battery, IT, and Electric Bicycle Companies JoinForcesViaje Korea has signed an agreement with LUL Korea, SMK, and UPchain for an electric bicycle rental service.Viaje Korea held an 'Eco-Friendly Mobility Global Project Agreement Ceremony' at the Oakwood Premier Coex Center in Gangnam-gu, Seoul, on the afternoon of the 7th for the purpose of providing electricbicycle rental services in Bali, Jeju Island, and Gangwon Province.Park Dong-ju, CEO of Cho Hi-tech Edu Consulting, who participated in the agreement ceremony, said, "Today is a gathering where six companies specializing in electric bicycles, batteries, and IT (InformationTechnology) join forces to move forward together towards the future with the theme of eco-friendliness. As this is the first gathering, we anticipate that it will generate a lot of hope."A representative of Viaje Korea stated, "From today's agreement ceremony, we will drive eco-friendly business in which many people participate by producing eco-friendly travel culture and content in Bali, JejuIsland, and Gangwon Province, led by LUL Korea's eco-mobility, and with the participation of SMK, UPchain, and Viaje."

* On July 7th, the city of Gyeongju has forged an investment deal worth KRW 30 billion (approximately USD 25 million) with personal mobility companies EMI Korea and SMK. As per the agreement, these firms will channel KRW 30 billion by 2025 to establish a production line for personal mobility devices and secondary battery packs in Angang-eup, Gyeongju. "Gyeongju, the Thousand-Year-Old Capital of Silla... Now Rising as a 'Personal Mobility' City"On July 7th, Gyeongju City in North Gyeongsang Province signed an investment agreement of 30 billion KRW with personal mobility companies EME Korea and SMK. In accordance with this agreement, thesecompanies will invest 30 billion KRW by 2025 to establish a production line for personal mobility vehicles such as electric bicycles and secondary battery packs in Angang-eup, Gyeongju. SMK, a subsidiary ofEME Korea, will be responsible for the production of secondary battery packs. The reason for EME Korea, headquartered in Daegu, to invest in Gyeongju instead is because it was deemed the ideal location fornurturing the personal mobility industry. These companies were significantly influenced by the construction of the 'Electric Vehicle Battery Sharing Station' in Gyeongju. The project, supervised by the Ministry ofTrade, Industry and Energy, is expected to serve as a platform for fostering the mobility industry and technological development. The sharing station is a system where users can swap and install pre-chargedbatteries instead of charging them directly, allowing for the development and demonstration of component evaluation, standardization, battery lifecycle technologies, etc. A Gyeongju city official stated, "Asinvestmentsfrom these companies continue, we plan to establish a production base for Gyeongju-style personal mobility." Gyeongju, the thousand-year-old capital of Silla, is gaining attention as a 'personal mobility city.'With high demand for personal mobility to tour major tourist sites and the dense presence of over 700 automotive parts companies, it is evaluated as an optimal location for nurturing the personal mobility industry.According to Gyeongju City, since Mayor Joo Nak-young took office in 2018, a total of eight personal mobility-related companies have signed investment agreements with the city, amounting to 155.2 billion KRW.Gyeongju City has also been making solid progress in infrastructure. A notable development is the construction of an electric vehicle battery sharing station. With the recent selection in the Ministry of Industry’spublic offering, Gyeongju City will invest a total project cost of 42.3 billion KRW, including national funds of 26.8 billion KRW, to build an electric vehicle battery sharing station in the Gueo 2 General IndustrialComplex in Gyeongju over the next five years.This will help overcome hurdles to electric vehicle commercialization such as short driving range (40-50 km), excessive charging time (4-5 hours), and lack of charging infrastructure, and establish a foundation for domestic material part production. Battery sharing stations are a rapidly growing sector in overseas markets as well. For instance, Taiwan's Gogoro has grown into a leading sharing station company, owning2,080 battery sharing stations and 760,000 batteries, supporting more than 270,000 battery exchanges daily.Moreover, the Ministry of Industry plans to invest a total of 25.2 billion KRW over the next five years to achieve domestic production of personal mobility. The government's will to improve the situation, where most of the core parts of personal mobility are made in China, to enhance domestic industry's competitiveness, is working as a good news for investment in Gyeongju.Additionally, the construction of the Advanced Material Forming and Processing Center for Vehicles and Carbon Material Parts Recycling Center in Gyeongju will also promote the transition of material partcompanies to future car industries, which is considered another attractive investment factor.In 2018, Gyeongju City was the first in the nation to establish the 'e-Mobility Industry Attraction Team,' a strategy that has proved effective in attracting investment. Mayor Joo saw Gyeongju as the optimal location for the 'mobility industry' for fostering new growth and restructuring the industrial structure, so he set up a team to attract relatedcompanies. Through this, Mayor Joo has attempted to shift local auto partscompanies to eco-friendly mobility industries and made attracting mobility companies a priority for activating the tourism industry through carbon neutrality.The market size of electric bicycles, expected to reach 600 billion KRW this year and sales reaching 200,000 units, is rapidly growing every year, which is also working as good news for Gyeongju.Ultimately, the strategy of Gyeongju City, which can actively utilize personal mobility at major tourist sites and the fact that there are many auto parts manufacturers, is fitting well, leading to a conclusion thatinvestments from related companies are leading to Gyeongju.Mayor Joo Nak-young of Gyeongju City said, "We will strive to attract excellent companies and create jobs through demonstrations, assembly, and production of personal mobility, aiming for domestic and foreign exports," and added, "We will do our best to establish Gyeongju as a leading city for personal mobility."

*Kookmin University's Industry-Academia Cooperation Division has signed a business agreement with EME Korea to pursue the development of a hybrid energy storage system for lightweight implementation of personal mobility battery packs. Kookmin University and EME Korea Sign MOU for Hybrid Energy Storage System DevelopmentEME Korea announced on the 25th that it has signed a memorandum of understanding (MOU) with Kookmin University's Industry-Academia Cooperation Division on January 24th at the Industry-AcademiaCooperation Building of Kookmin University. The MOU lays the foundation for the development of a "Hybrid Energy Storage System" for lightweight implementation of personal mobility battery packs.Attending the signing ceremony were Kim Hong-sik, Chairman of EME Korea, Kim Do-hyung, CEO of SMK, a subsidiary of EME Korea, Oh Ha-ryeong, Director of the Industry-Academia Cooperation Division at Kookmin University, Professor Noh Jeong-wook from the Department of Convergence Electronics Engineering, and Lee Jin-gu, Chief of Kookmin University Technology Holdings. They discussed step-by-stepstrategies and mutual cooperation plans for future collaborative projects.Kookmin University, which has demonstrated its prominence in the automotive field, has been selected as the leading university in the "Future Cars" category under the "Digital New Technology TalentDevelopment Innovation Shared University" project supported by the Ministry of Education. The university is dedicated to cultivating talents for the development of various next-generation means of transportation beyondautomobiles.EME Korea, partnering with Kookmin University's Industry-Academia Cooperation Division for this development project, is a personal mobility specialist company that focuses on manufacturing, R&D, distribution, and platform development for personal electric vehicles such as electric bicycles, electric kickboards, and electric scooters, using eco-friendly energy.The company has also specialized in exports and has achieved steady growth. Recently, at the successful conclusion of CES 2022 (Consumer Electronics Show), EME Korea showcased and promoted itsself-developed electric bicycles, attracting attention. Moreover, they are currently in detailed negotiations for overseas market supply contracts, demonstrating their strong presence as a capable company.Professor Noh Jeong-wook, Director of the Energy IT Convergence Research Center at Kookmin University's College of Creative Engineering, led this collaborative project. He stated, "This development projectconsists of batteries and supercapacitors, and it is the first technology in Korea that can achieve weight reduction of up to 40% compared to conventional battery packs when applied to personal mobility. Whileresearch on the application of this technology is actively underway in the field of hydrogen fuel cell electric vehicles, research on its application in personal mobility areas such as e-bikes is still in the early stages."He further explained, "Through collaboration with EME Korea, if successful in development, we can secure global competitiveness in battery lightweighting, leading to market dominance in the world."Kim Hong-sik, Chairman of EME Korea, expressed, "With this MOU as a starting point, we hope that EME Korea and Kookmin University can successfully develop battery lightweighting, which is a coreelement of the mobility industry. We aspire for Kookmin University to become a global mobility-focused research university and for EME Korea to become a leading company in the personal mobility industry."

*Megazone Cloud (CEO: Ju-wan Lee) has signed a business agreement with Kyungil University and EME Korea for the AWS cloud-based Personal Mobility Platform business. / December 2, 2021."Megazone Cloud, EME Korea, and Kyungil UniversityJoin Hands for AWS-based Personal E-Mobility Business"Megazone Cloud (CEO Ju-wan Lee) announced on the 2nd that it has signed a business agreement with Kyungil University and EME Korea (CEO Hong-sik Kim) for a cloud-based "Personal Mobility Platform"business.Megazone Cloud plans to collaborate with AWS on EME Korea's cloud-based platform construction and smart factory operations for personal mobility. Through this partnership, Megazone Cloud aims to provide cloud services incorporating artificial intelligence and big data technologies to EME Korea's personal mobility platform, enhancing user convenience. Additionally, various features necessary for platformadvancement will be added in the future.EME Korea plans to provide mobility devices and platforms to dormitory residents through its collaboration with Kyungil University. The company also aims to expand its business to specific user groups such aslarge apartments and industrial complexes. Megazone Cloud explained that, along with the rapid growth of the personal mobility market, EME Korea's mobility devices produced and operated through thecloud-based platform will secure competitiveness globally and leverage the advantages of cloud through the addition of various features.Megazone Cloud, with its successful cases of cloud-based smart factories, plans to serve as a stepping stone for EME Korea's full-fledged overseas expansion, not only in South Korea but also globally.Hong-sik Kim, CEO of EME Korea, stated, "We have analyzed various mobility platform cases at home and abroad to provide convenience to users and secure the most viable business model in the market."He further emphasized, "With the cloud technology expertise of Megazone Cloud and AWS, we will strengthen our global competitiveness based on overseas networks."Ju-wan Lee, CEO of Megazone Cloud, explained, "The introduction of cloud services optimized for AI, big data collection, and utilization in the personal mobility platform provides insights for business activationand optimal services to platform users." He added, "Through this project, we will do our best to provide the expertise of Megazone Cloud in collaboration with AWS to the cloud."Meanwhile, Megazone Cloud achieved sales of KRW 540 billion (approximately USD 460 million) last year with its affiliates, and this year's results are expected to exceed KRW 820 billion(approximately USD 700 million).

* The Korea Institute of Energy Research invested approximately KRW 1.9 billion from its own business budget from 2020 to April 2021 to drive the 'Postpaid-for-Success' project, providing emergency demand technology to small and medium-sized enterprises. With the help of researcher Kang-chul Kim, SMK developed swappable battery packs and charging stations for electric vehicles, securing supply contracts andcontinuing orders. / July 13, 2021 Korea Institute of Energy Research Aids SMEs Overcome Crisis...Continuous Success with 'Postpaid-for-Success' Projects Korea Institute of Energy Research Supports Small and Medium-Sized Enterprises Amidst the Prolonged COVID-19 CrisisThe Korea Institute of Energy Research (KIER) has been providing critical support for small and medium-sized enterprises (SMEs) struggling with the prolonged COVID-19 crisis, helping to boost thecommercialization of technology.From last year until April this year, KIER has invested 1.94 billion KRW (approx. $1.64 million) of its business budget to support 'postpaid-for-success projects', providing emergency demand technology for SMEs.The initiative matches regular and doctorate-level technical experts to respond to the technological needs of these enterprises, providing close support. The institute successfully completed 14 individual supportprojects, greatly aiding SMEs' crisis management efforts.JunBio, led by Jae-il Lee, received support from Sang-jun Yoon, a KIER researcher, who provided high-quality technology to convert low-grade animal and plant fat into bio-heavy oil and diesel raw materials. As aresult, JunBio obtained the International Sustainability & Carbon Certification (ISCC) in Europe, and was certified as a management innovation-type SME, a Main-Biz, and a technologyinnovation-type SME,Inno-Biz. Last year, JunBio achieved about twice the sales compared to the previous year, and this year it aims to reach a sales target of 14 billion KRW (approx. $11.87 million), both domestically and abroad.Debetron Korea, headed by Chan-young Park, received support from Seok-hwan Ko, a KIER researcher, who provided results for the development of a solar power plant malfunction diagnosis and performancemeasurement-capable output performance estimation modeling and analysis equipment algorithm. Debetron Korea improved its solar power plant malfunction diagnosis accuracy by over 3%, and is aiming for asales target of 1 billion KRW (approx. $847,000) in this field. The company is currently working on obtaining New Technology Certification (NET) and setting up a research institute.In addition, SMK, with the help of researcher Kang-chul Kim, has been developing swappable battery packs and charging stations for electric scooters, successfully securing supply contracts and orders.Kyungin Measurement System was able to receive various support needed for the development of domestic thermal mass flow meters from researcher Min-jung Lee.KIER continues to carry out its postpaid-for-success projects this year as well. It is also striving to enhance post-technology transfer support projects to improve the success rate of technology transfers for SMEs.Beneficiary companies have stated that the support from KIER was instrumental in achieving their successes.Choi Ui-sung, an executive of Debetron, said, "Algorithm implementation and simulation are difficult for SMEs to achieve," and added, "Business realization was made possible through KIER's support."

"Sangju City Signs Investment Agreement with EME Holdings... KRW 80 Billion Investment Expected by 2023"EME Holdings, a smart mobility company, commits to a KRW 80 billion investment for a manufacturing plant in Cheongri General Industrial Complex by 2023.EME Holdings, a smart mobility company, is set to invest KRW 800 billion to establish a manufacturing plant in the Cheongri General Industrial Complex from October this year to 2023. Sangju City in NorthGyeongsang Province signed a Memorandum of Understanding (MOU) with EME Holdings on the 24th to promote the establishment and activation of a personal mobility manufacturing plant.EME Holdings plans to invest a total of KRW 800 billion in the Cheongri General Industrial Complex, spanning 53,992㎡, from October this year to 2023. The company predicts that once the factory is completed,it will employ more than 100 people and evolve into a global smart mobility company capable of producing electric bicycles, electric scooters, electric kickboards, battery packs, and chargers all at once.EME Holdings is a joint venture established under the strategic business partnership between EME Korea, a specialized manufacturer of electric bicycles, and SMK, a professional secondary battery solutioncompany.Personal Mobility (PM) refers to single-user means of transport powered by electricity, such as electric wheels, electric kickboards, and electric bicycles.Young-Seok Kang, the Mayor of Sangju City, warmly welcomed EME Holdings' decision to invest in Sangju City, the 'bicycle capital' of Korea. He expressed his hopes for the company to grow beyond thedomestic borders and stand tall as a global corporation representing South Korea.