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The purpose of this letter is to update you on our progress and how these developments help set our course for 2025.On December 4, 2024, we announced our partnership with GLV Ventures with the primary objective of leveraging the relationship to secure additional partnerships and drive new orders. Our initial focus is to use GLV's low-cost manufacturing capability to redesign the Vanish to enhance its unit profitability. Most recently, on December 16, 2024, we announced the securing of our first purchase order through our partnership with GLV, from a top three auto manufacturer. 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AYRO held its Annual Meeting on December 30, 2024, where several proposals were presented and approved 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