On December 12, 2023, EvoAir Manufacturing (M) Sdn Bhd, a subsidiary of EvoAir Holdings Inc. entered into an OEM supply agreement with Tadmonsori Holdings Sdn Bhd pursuant to which the parties have agreed for THSB to purchase certain products from EvoAir Manufacturing to resell directly under THSB?s branding, trademark, graphics, packaging designs and artwork, with the insertion of the words ?Powered by EVOAIR? inserted at the back of each Product, to THSB end user customers. The agreement will be renewable on a three-year basis, and upon the execution of the Agreement, THSB shall have made a minimum order of 3,000 units of the Products upon signing of the Agreement, and to target a total sales turnover of 105,000,000 Malaysia Ringgit (approximately USD 22,522,522, as calculated at the Foreign Exchange Rate of USD 1 = 4.6620 Malaysia Ringgit on December 8, 2023, as published in H.10 statistical release of the United States Federal Reserve Board) over 3 years from January 1, 2024 to December 31, 2026.