Supplementary Agreement to the Equity Transfer Agreement

Exhibit 10.14

Supplementary Agreement to the Equity Transfer Agreement

Transferors (hereinafter referred to as “Party A”):

Shareholder		ID No./ Passport No.
Xx Xxxxxxx		***
Xxx Xxxxxxxx		***
Xxx Xxxxxx		***
Xx Xxxxxx		***
Xxxxx Xxxxx		***
Mo Lingping		***
Xxx Xxxxxx		***
WangYunmei		***
Xxx Xxxxxx		***
Xxxx Xxxxx		***
Xxx Xxxxxx		***
Xxxxx Xxxxxxx		***
Xxxxx Xxxxxxxx		***
Xxx Xxxxxx		***
Xxx Xxxxxxx		***
Xxxx Xxxx Xxxxx		***

Transferee (hereinafter referred to as “Party B”): Lobo Holdings Ltd, a incorporated in accordance with the laws of Hong Kong Special Administrative Region, People’s Republic of China;

Whereas:

	1.	Jiangsu Luobei Electric Vehicle Co., Ltd. (hereinafter referred to as “Target Company”) was established in Wuxi City, Jiangsu Province on November 29, 2021, and now has registered capital of RMB 10 million.
	2.	On March 14, 2022, Xxxxx X has signed the Equity Transfer Agreement of Jiangsu Luobei Electric Vehicle Co., Ltd. with each party to Party A,

Upon mutual consensus, the patties hereto reach the following supplementary agreement m connection with transfer of the equity in the Target Company:

I. As the shareholder of the Target Company, Party A shall pay up the contributions to the Target Company before May 31, 2022.

II. Xxxxx A shall hold l00% of equity in the Target Company, and shall have subscribed contributions of RMB l0 million. Party A respectively transfers its all equity held in the Target Company (hereinafter referred to as the “Target Equity”) to Xxxxx B in consideration of the corresponding subscribed contribution as the equity transfer price (hereinafter referred to as the “equity transfer price”) as follows:

Party A		Subscribed Contributions (RMB’0,000)		Contribution Percentage (%)		Equity Transfer Price (RMB’0,000)
Xx Xxxxxxx		463		46.3		463
Xxx Xxxxxxxx		100		10		100
Xxx Xxxxxx		100		10		100
Xx Xxxxxx		115.8		11.58		115.8
XiongHaoyu		49.9		4.99		49.9
Mo Lingping		35		3.5		35
Xxx Xxxxxx		35		3.5		35
WangYunmei		30.4		3.04		30.4
Xxx Xxxxxx		10.5		1.05		10.5
Xxxx Xxxxx		10		1		10
Xxx Xxxxxx		5.2		0.52		5.2
Xxxxx Xxxxxxx		5.2		0.52		5.2
Xxxxx Xxxxxxxx		5		0.5		5
Xxx Xxxxxx		5		0.5		5
Xxx Xxxxxxx (Hong Kong Resident)		20		2		20
Xxxx Xxxx Xxxxx (US Citizen)		10		1		10
Total		1000		100.00		1000

III. Party B shall pay the equity transfer price to Xxxxx A within 12 months from the date. When the Target Equity has been filed registered with the administration for industry and commerce.

IV. The parties hereto shall file transfer of the Target Equity with the competent company registration department within 30 business days after execution of the Agreement.

V. The Agreement shall come into force after Party A and Xxxxx X affix signature and seal hereon.

[The remainder of this page is the signature page]

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Transferors:

/s/ Xx Xxxxxxx		/s/ Xxx Xxxxxxxx
Xx Xxxxxxx		Xxx Jiancong
/s/ Xxx Xxxxxx		/s/ Xxxxx Xxxxx
Xxx Xxxxxx		Xxxxx Xxxxx
/s/ Xx Xxxxxxxx		/s/ Xxx Xxxxxx
Mo Xxxxxxxx		Xxx Xxxxxx
/s/ Xxxx Xxxxxx		/s/ Xxx Xxxxxx
Xxxx Yunmei		Xxx Xxxxxx
/s/ Xxxx Xxxxx		/s/ Xxx Xxxxxx
Xxxx Xxxxx		Xxx Xxxxxx
/s/ Xxxxx Xxxxxxx		/s/ Xxxxx Xxxxxxx
Xxxxx Zisheng		Xxxxx Xxxxxxx
/s/ Xxx Xxxxxx		/s/ Xx Xxxxxx
Xxx Xxxxxx		Xx Pingyi
/s/ Xxx Xxxxxxx		/s/ Xxxxx Xxxx Xxxxx
Xxx Xxxxxxx		Xxxxx Xxxx Xxxxx

Transferee: Lobo Holdings Ltd

(Seal) For and on behalf of

LOBO HOLDIGNS LIMITED

Authorized Representative: Xx Xxxxxxx   (Signature)

Authorized Signature(s)

Date of Signature: March 18, 2023