Ni Hsin EV Tech Sdn Bhd is proposing to conduct an Initial Exchange Offering exercise. Pursuant to the proposal NH EV TECH had on 7 August 2023 signed the following two agreements: IEO Agreement with PITCH PLATFORMS SDN BHD (IEO Operator): and 2. Service Agreement ("SA") with MASVERSE SDN BHD ("Service Provider") Pursuant to the agreements, the IEO Operator shall provide its IEO Services to the Company with the end objective of hosting the Company on its licensed IEO Platform ("pitchIN") while the Service Provider shall conduct in-depth analysis and design the tokenomics for the Company's utility token ("Token") for its IEO pitchIN.