SEII signs nonbinding MOU with Quantron AG to form EV JV; SEII to hold 60%

SHARING ECONOMY INTERNATIONAL INC.

Nonbinding MOU dated June 13, 2022, with Quantron AG for zero-emission vehicle distribution in Europe.
Proposed JV in Germany: SEII 60%, Quantron 40% ownership; SEII to lease and distribute Quantron-branded EVs.
MOU terminates automatically after 24 months unless extended; each party can exit with 60 days' notice.
No binding obligations; JV subject to business case and financial viability.
EU ban on new fossil-fuel cars from 2035 cited as market driver.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.