FOR IMMEDIATE RELEASE

21, April, 2021
HKS CO., LTD.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━HKS and XING Mobility Announce Collaboration to AccelerateElectric Vehicle Adoption
Taiwanese EV technology leader XING Mobility (VC-backed) to leverage HKS to boost electricconversion business━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━HKS CO., LTD. (Fujinomiya, Japan) & XING Mobility Inc. (Taipei, Taiwan) are pleased
to announce they have entered into a global strategic EV business partnership,combining HKS's deep skills in passenger vehicle aftermarket parts development withXING Mobility's EV drive technology.
The direct connection between HKS’s expertise in aftermarket parts, vehicle manufacturer OEMand XING Mobility's patented product IMMERSIO™ Modular Battery System, allows companies
to develop new markets of aftermarket EV conversion, OEM EV solution, EV hyper cars andother potentially EV business

HKS CO., LTD. is a global, dedicated passenger vehicle aftermarket parts company, createda unique tuning culture and developed market's forefront products like turbo kit, original
muffler, suspension, intake, electronics and other products delivering the driving pleasure since
it was established in 1973. Furthermore, HKS is taking full advantages of experiences inaftermarket products development, entrusted development from automotive manufactures todevelop eco-friendly technology, such as vehicle bi-fuel conversion powered by CNG or LPG,
cutting edge high-efficiency gasoline engine technology and other emission reduction
technology based on collaboration between government, industry and academia.
XING Mobility Inc. is a great partner specializes in electric vehicle (“EV”) battery pack andpowertrain solutions. XING Mobility has extensive experience with immersion cooled battery
pack design, supply chain capabilities for manufacturing of battery packs, and engineering
capabilities related to turnkey EV powertrain solutions. XING Mobility is focused on EV mobility
markets including passenger vehicles, commercial vehicles, motorsports, high performancecars, heavy machinery, marine vehicles and other high-performance electric mobility
applications.
The collaboration between HKS and XING Mobility bring together the strengths of bothcompanies to innovate and transform the future of the EV market in EV battery, Powertrainindustry and EV conversion OEM business.

Benefit from the business partnership, HKS can now be able to explore market opportunities
utilizing XING Mobility’s battery and Powertrain system to target global EV conversion market,Japanese commercial EV market, and global aftermarket performance market.
HKS will participate in the exhibition, AUTOMOTIVE ENGINEERING EXPOSITION 2021
YOKOHAMA (May 26 to May 28, 2021) held at Pacifico Yokohama to introduce powertrain
solution based on XING Mobility's battery system. Meanwhile, HKS will take part in theexhibition virtually and open a virtual booth on the HKS official website.
Exhibition URL:HKS Official Website:

https://expo.jsae.or.jp/english/
https://www.hks-global.com/en/

By connecting XING Mobility's strong EV technical support of battery packs design andpowertrain solution with HKS’s vehicle system integration engineering expertise, thecollaboration represents a step-change in Japan commercial EV conversion market and Global
performance EV conversion market.

HKS Co., Ltd. President & CEO, Daisuke Mizuguchi
We are proud to be integrating XING Mobility’s battery technology with
HKS’s reputable existing solutions to offer improved performance,safety and reliability to our customers. By connecting XING Mobility'sstrong background in battery pack design and powertrain solutions withHKS’s vehicle system integration and engineering expertise, thecollaboration represents a step-change for the Japanese commercial
vehicle conversion market and global performance vehicle conversion
market.

XING Mobility Inc. Co-Founder and CEO, Royce YC Hong
XING Mobility is excited about the opportunity to partner with an iconic
and legendary company like HKS. When we first worked together on acustomer vehicle project in 2020, we recognized the innovative roots andcommitment to quality shared by both companies and realized thepotential for continued successful collaboration through these commonvalues. We look forward to combining our respective expertise anddevotion to offering ultra-high performance EV solutions as we move into
an age of renewable and sustainable energy.

About HKS CO., LTD.
Company Name:HKS CO., LTD. （株式会社エッチ・ケー・エス）
Representative:
Daisuke Mizuguchi
Location:
2266 Kamiide, Fujinomiya, Shizuoka Japan
Date of Establishment: 1973
URL:
https://www.hks-global.com/en/
https://www.hks-power.co.jp/en/
About XING Mobility Inc.
Company Name:XING Mobility Inc.（行競科技股份有限公司）
Representative:
Royce YC Hong
Location:
No. 5, Lane 174, Xinming Rd., Neihu Dist., Taipei City 11470, Taiwan
Date of Establishment: 2015
URL:
https://www.xingmobility.com/【Media Contact】
Company Name: HKS CO., LTD
Address: 7181 Kitayama, Fujinomiya, Shizuoka Japan
TEL: +81-544-29-1111