LION E-Mobility

Quarterly Report • Dec 14, 2022

Income (P&L) statement of LION Smart GmbH (according to HGB, not audited)

for the period from January 1st to September 30th, 2022, and from January 1st to September 30th, 2021

EUR	01.01. - 30.09.2022	01.01.- 30.09.2021
Sales	46,630,550	18,752,620
Decrease/ Increase in inventories of finished goods and work in progress	(104,413)	174,180
Own work capitalized	0	0
Total output	46,526,137	18,926,800
Other operating income	161,543	292,374
Cost of materials	(40,910,160)	(16,761,994)
Gross profit	5,615,977	2,164,806
Personnel expenses	(2,672,039)	(2,065,011)
Depreciation and amortization of intangible fixed assets and tangible fixed assets	(101,775)	(249,567)
Other operating expense	(1,750,429)	(1,577,028)
Earnings before Interest and Taxes (EBIT)	1,253,276	(1,434,426)
Other interest and similar income	41,335	42,733
Interest and similar expenses	(32,342)	(21,352)
Financial result	8,993	21,381
Earnings before taxes	1,262,269	(1,413,045)
Taxes on income	0	0
Other tax	(648)	(684)
Earnings after tax	1,261,621	(1,413,728)

Balance sheet of LION Smart GmbH (according to HGB, not audited)

as of September 30th, 2022, and December 31st, 2021

EUR	30.09.2022	31.12.2021
ASSETS
A. Fixed Assets	7,547,724	7,434,350
I Intangible Assets	2,480,568	2,488,073
II Tangible Assets	476,597	355,718
III Financial Assets	4,590,560	4,590,560
B. Current Assets	32,808,983	5,966,175
I Inventories	11,640,039	508,088
II Receivables and other assets	19,353,488	4,332,357
III Bank balances, cash and cash equivalents	1,815,456	1,125,730
C. Prepaid expenses	262,417	79,840
Total assets	40,619,124	13,480,366

Balance sheet of LION Smart GmbH (according to HGB, not audited)

as of September 30th, 2022, and December 31st, 2021

EUR	30.09.2022	31.12.2021
EQUITY AND LIABILITY
A. Equity	7,398,406	5,586,785
I Subscribed capital	129,500	129,500
II Capital reserve	10,316,550	9,766,550
III Accumulated losses brought forward	(4,309,265)	(3,305,289)
IV Result for the period	1,261,621	(1,003,976)
B. Accruals	389,911	432,037
C. Liabilities	32,830,806	7,461,543
Total equity and liabilities	40,619,124	13,480,366

Cash flow statement of Lion Smart GmbH

for the period from January 1st to September 30th, 2022, and from January 1st to December 31st, 2021

EUR	01.01. – 30.09.2022	01.01.- 31.12.2021
Result for the period	1,261,621	(1,003,976)
Non-cash expenses
- Depreciation and amortization of fixed assets	101,775	330,747
- Non-cash interest expense and income	9,484	26,014
Increase (+), decrease (-) in provisions	(42,126)	(134,479)
Increase (+), decrease (-) in trade receivables	(6,219,796)	(533,717)
Increase (+), decrease (-) in prepayments	(203,087)	0
Increase (+), decrease (-) in other receivables	0	(53,400)
Increase (+), decrease (-) in other assets	(8,801,335)	(757,786)
Increase (+), decrease (-) in inventories	(11,019,492)	(169,595)
Increase (+), decrease (-) in accrued income and prepaid expenses	(182,577)	3,865
Increase (+), decrease (-) in trade accounts payable	17,819,195	2,574,739
Increase (+), decrease (-) in other liabilities	7,685,920	48,449
Increase (+), decrease (-) in accrued expenses and deferred income	127,863	55,861
Cash flow from operating activities	537,446	386,724
Additions to internally generated intangible assets	0	(330,557)
Acquisition of licenses	(17,676)	(14,549)
Acquisition of machinery	(4,530)	(20,000)
Disposal of machines	0	1,838
Acquisition of other equipment, factory and office equipment	(102,315)	(121,305)
Disposal of other equipment, factory and office equipment	0	3,230
Acquisition of tools	0	(4,317)
Repayment of other financial liabilities	(273,200)	0
Cash flow from investing activities	(397,720)	(485,660)
Repayment of other financial liabilities	0	0
Repayment of loans to companies in which participations are held	0	210,000
Deposit of statutory capital reserve	550,000	500,000
Repayments of liabilities to banks		0
Cash flow from financing activities	550,000	710,000
Net change in cash and cash equivalents	689,726	611,064
Cash and cash equivalents beginning of the year / of the period	1,125,730	514,667
Cash and cash equivalents at the end of period	1,815,456	1,125,730