Mr. Philip Lo reports

CHINA KELI TERMINATES TRANSACTION WITH PT HYDROTECH METAL INDONESIA

China Keli Electric Company Ltd. has terminated its previously announced transaction to acquire all of the issued and outstanding shares of PT Hydrotech Metal Indonesia (HMI).

The company initially announced the transaction with HMI in the fall of 2021, and received conditional listing approval from the Canadian Securities Exchange in the spring of 2022. Due to adverse market conditions, the company has not been able to complete the transaction since receiving conditional approval. The parties have now agreed to terminate the transaction. The company will continue to pursue new business opportunities.

About China Keli Electric Company Ltd.

China Keli is currently without an active business.