Ann: Senior Management Appointments, page-6

I saw an interview with Elon musk yesterday. He said it is not hard to make an electric car and that there have been about 500 ev startups - per Bloomberg. He said the biggest problem is producing the cars in volume - scaling up and not going broke . Between 2017 and 2019 he lived in the factory desperately drying to fix the production line. In those days he said tesla almost went broke in the process. TTT have had the same problem. A new technology, but unable to commercialise it as yet. Herbert and the new directors will get it done. They will identify the correct opportunities, then cooperate as needed in joint ventures or in other ways to put their technology in the position to produce volume product, and earn a lot of money. .