Item 1.01 Entry into a Material Definitive Agreement
On June 8, 2022, Sharing Economy International Inc. ("SEII", the "Company"), And
QEV Technologies S.L. ("QEV") Entered into a Memorandum of Understanding,
whereby the two companies entered into the plan to jointly develop a joint
venture company for the commercialization and distribution of the whole range of
environmental electric and hydrogen vehicles, which will target to the markets
in Europe, North America and South America. Referring to the European Union
proposal of effective ban for new fossil-fuel cars from 2035, the demand for
environmental new energy vehicles will increase. Under the new joint venture,
QEV will provide the technical expertise in developing electric and hydrogen
vehicles, while SEII will bring the license and certificate to allow the new
joint venture company to distribute the vehicles in the planned markets. The
foregoing description of the Strategic Framework Agreement does not purport to
be complete and is qualified in its entirety by reference to the complete text
of the Agreement, which is incorporated herein by reference and attached hereto
as exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 Memorandum of Understanding dated June 8, 2022 by and between Sharing
Economy International Inc. And QEV Technologies S.L.
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