[AcBel] Announcement on the Implementation of Funding Improvement Plan for Subsidiary

1. Date of the event: 115/05/21 2. Company name: OmniOn Power Mumbai Private Limited 3. Relationship with the company (subsidiary): Subsidiary 4. Mutual shareholding ratio: Not applicable 5. Cause of the event: This matter is handled in accordance with the letter issued by the Financial Supervisory Commission on May 8, 115 (Document No.: 1150341332). As the net worth (shareholders' equity) disclosed in the recent financial statements of the subsidiary, OmniOn Power Mumbai Private Limited, has decreased, the original loan limit granted to said subsidiary exceeds its shareholders' equity, violating the regulations set forth in the "Procedures for Lending Funds to Others" of said subsidiary. To ensure continued compliance, an improvement plan is required. 6. Response measures: The board of directors of the subsidiary resolved on April 30, 115, to adjust and reduce the loan limit allocated to OmniOn Power (India) Private Limited, maintaining it within the scope of shareholders' equity. Original limit: INR 176,000,000; Adjusted limit: INR 130,000,000. The company will continue to closely monitor the subsidiary's shareholders' equity, and in the event of a decline, will immediately report internally and take necessary immediate improvement measures. The borrowing unit is actively seeking to share costs with other business units using the subsidiary's services through internal transfer pricing mechanisms to increase cash inflow, thereby reducing future group internal borrowing needs. 7. Other matters to be specified: None.