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We have historically conducted our business through Sono Motors GmbH, which
became a wholly-owned subsidiary of Sono Group N.V. after a corporate
reorganization described as follows: We were incorporated pursuant to the laws
of The Netherlands as Sono Motors Finance B.V. on October 23, 2020 as a
wholly-owned subsidiary of Sono Motors GmbH. As part of the corporate
reorganization that was completed on November 27, 2020, our then-existing
shareholders contributed all of their shares in Sono Motors GmbH to Sono Motors
Finance B.V. in exchange for newly issued ordinary shares of Sono Motors Finance
B.V. In addition, the sole issued and outstanding common share in Sono Motors
Finance B.V. at that time, which was held by Sono Motors GmbH, was canceled
(ingetrokken). As a result, Sono Motors GmbH became a wholly-owned subsidiary of
Sono Motors Finance B.V. and the then-existing shareholders of Sono Motors GmbH
became the shareholders of Sono Motors Finance B.V.
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