SIN CARS News letter No.1

Hello, friends of SIN CARS INDUSTRY and L CITY!

As we promised you – we continue to inform you about the development of the L CITY project and the work of SIN CARS in general. We will be happy if your interest in following our development closely continues in the future. Your support, as well as criticism, are extremely valuable to us – they help us develop at the fastest pace. That is why I take this opportunity to thank you once again for your trust and to wish you health and bold dreams! ”

With respect,

Rosen Daskalov – Executive Director of SIN CARS INDUSTRY JSC

(Manyu Moravenov and Rosen Daskalov)

The trading of shares of SIN CARS INDUSTRY JSC on the BSE officially started

On July 1, the company’s shares were successfully traded on the Bulgarian Stock Exchange. This marks the next important step in the development of SIN CARS INDUSTRY as a public company. The interest in the shares was great and in the first minutes of trading the share price reached nearly BGN 2.50, and the number of our shareholders quickly increased from 105 in early June during the realization of the issue to 220 at the moment. For more information see here.

Members of the Board of Directors of SIN CARS INDUSTRY AD and representatives of the Bulgarian Stock Exchange AD attended the traditional official opening ceremony at the BSE.

(pictured from left to right: Anelia Dudeva – Member of the Board of Directors (BD) and Chief Financier, Assoc. Prof. Dr. Manyu Moravenov – Executive Director of BSE AD, Rosen Daskalov – Executive Director and Chairman of the Board, Stoyan Malkochev – member of the Board of Directors and Chief Financial Adviser, Viktor Stoyanov – member of the Board of Directors)

A tribute to our new shareholders

During the ceremony on the BSE, through a raffle in the presence of the BSE management, we selected three of our first shareholders who took part in the initial offering of the issue of new shares. They will have the opportunity to visit SIN CARS in Ruse, to get close and familiar with the process of creating the first electric car L CITY, and experience an adrenaline rush by riding in the sports super car SIN R1.

First official presentation of L CITY

The big IAA Mobility 2021 exhibition will take place in early September. Representatives of the Mobility and Technology sectors will meet at this international forum. This is will be the first big appearance for the L CITY electric car. IAA Mobility 2021 will take place in Munich from 7 to 12 September and will present the hottest innovations and trends in transport. Visitors will be able to see L CITY at the place where products of large companies such as Mercedes-Benz, Michelin, Bosch and many others will be presented. The opportunity to be present among so many already established brands in the automotive industry will be an exceptional opportunity, honor and responsibility for us, and will give us the opportunity to demonstrate what we have achieved and to enrich our knowledge in the field to be in track with the future. If at the same time you are somewhere near Munich – visit us at the stand of L CITY, we will be waiting for you! More information about the event can be found here.

Beginning of the L CITY homologation process

Earlier this week, we submitted the first homologation documents to L CITY. It will be carried out in partnership with TÜV SÜD and will be for a car in category N1 and 1 + 1 seats. What does N1 mean? This is a categorization for a light truck with a maximum load capacity of up to 3.5 tons. This is also the car you will see at IAA Mobility 2021. After completing the N1 homologation, we start one for the passenger version (M1), and later – for the L CITY version with two rear axles.

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