Happiness Biotech Group Limited has signed an agreement with Guang'an Ruili Trading Co. Ltd. ("Ruili") to jointly purchase and sell 1213 Volkswagen electric vehicles. According to the agreement, Taochejun and Ruili will jointly purchase 1213 pure electric vehicle "e-Bora", with a total consideration of RMB 90.12 million (approximately $14.10 million). Ruili is a large auto trading company in Sichuan Province, China, which has a wide range of business relationships and social resources in Sichuan.