EV Technology Group Signs Definitive Agreement to Acquire up to 100% of MOKE International to Rapidly Expand the Iconic British Brand

Transaction Highlights:

TORONTO, July 20, 2022 (GLOBE NEWSWIRE) -- EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO:EVTG) (OTC-BB:EVTGF) (DE: B96A) announces today that it has entered into a definitive agreement (the “Definitive Agreement”) with the shareholders of MOKE International (the “MIL Shareholders”) to acquire up to 100% of MOKE International Limited (“MIL”), its first purchase of a major iconic brand. This strategically crucial acquisition adds to EV Technology Group’s house of iconic brands, and it will continue to grow the UK-based company MOKE International, which is now introducing the Electric MOKE to the global market.