- LOBO EV TECHNOLOGIES LTD. announced the **disposal of its wholly-owned subsidiary, Beijing LOBO Intelligent Machine Co., Ltd**, by Jiangsu LOBO Electric Vehicle Co. Ltd on **April 21, 2025**.  **[1932072_0001493152-25-013739_form6-k.htm:0]** **[1932072_0001493152-25-013739_ex99-1.htm:1]** 
- The disposal generated a total consideration of **RMB 27,000,000**.  **[1932072_0001493152-25-013739_form6-k.htm:0]** **[1932072_0001493152-25-013739_ex99-1.htm:1]** 
- Unaudited pro forma condensed consolidated financial statements for the year ended December 31, 2024, reflecting the disposition, show pro forma **revenues of $19,405,301** and **net income attributable to LOBO EV Technologies LTD of $1,430,600**.  **[1932072_0001493152-25-013739_ex99-1.htm:1]** 
- As of December 31, 2024, pro forma consolidated total assets are **$27,316,038** and total liabilities are **$17,980,514**, after accounting for the disposition.  **[1932072_0001493152-25-013739_ex99-1.htm:0]**

LOBO EV Technologies Ltd. Announces Disposal of Beijing LOBO Subsidiary

- LOBO EV Technologies LTD reported a **net loss** of **$(2,622,169)**, or **$(0.28)** per share, for the **six months ended June 30, 2025**, a significant increase from the **net loss** of **$(313,247)**, or **$(0.04)** per share, for the same period in **2024**.  **[1932072_0001641172-25-026417_ex99-2.htm:1]** **[1932072_0001641172-25-026417_ex99-1.htm:1]** 
- **Revenues** for the **six months ended June 30, 2025**, were **$12,091,762**, relatively stable compared to **$12,132,668** in the prior year, with **gross profit** increasing to **$1,942,457** from **$1,363,951**, resulting in a higher **gross profit margin** of **16%** versus **11%**.  **[1932072_0001641172-25-026417_ex99-2.htm:1]** **[1932072_0001641172-25-026417_ex99-1.htm:1]** **[1932072_0001641172-25-026417_ex99-2.htm:3]** 
- As of **June 30, 2025**, **total assets** stood at **$21,281,171** and **total equity** at **$8,613,374**, both showing a decrease from **December 31, 2024** figures of **$24,019,588** and **$9,321,708**, respectively.  **[1932072_0001641172-25-026417_ex99-1.htm:0]** 
- The company continued to use **cash in operating activities**, with **$(1,213,756)** for the **six months ended June 30, 2025**, and maintained a **working capital** of **$6,773,047** as of **June 30, 2025**.  **[1932072_0001641172-25-026417_ex99-1.htm:3]** **[1932072_0001641172-25-026417_ex99-2.htm:4]** **[1932072_0001641172-25-026417_ex99-2.htm:5]** 
- LOBO EV Technologies LTD completed the disposal of subsidiaries, including **Guangzhou LOBO**, **Wuxi Jinbang**, and **Beijing LOBO**, and now focuses solely on the **electric vehicles and accessories sales segment**.  **[1932072_0001641172-25-026417_ex99-2.htm:1]** **[1932072_0001641172-25-026417_ex99-1.htm:6]**

LOBO TECHNOLOGIES (LOBO)