Li Agreement

Li Agreement

Romeo Power, Inc. (“Romeo Power”) (NYSE:RMO), a leading energy technology company that provides advanced electrification solutions for complex commercial vehicle applications, has entered into a long-term lithium-ion battery supply agreement with LG Energy Solution, Ltd (“LG Energy”), a Tier 1 battery and materials manufacturer. At the October 29, 2014 Board meeting, a member commented that UGL`s payments took place after Leung took office as Executive Chief, which led to a conflict of interest on the part of the Chief Executive. However, some members found that after the agreement, UGL did not ask Leung to take on any task on their behalf and did not offer Leung to perform such a task. However, other members argued that abandoning the measures could also be a form of support for the UGL.

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