This is to inform you that, pursuant to China''s imposition of an export ban on certain categories of heavy rare earth magnets, there has been a disruption in the global supply chain, and Ather Energy Limited ("the Company" or "Ather") was also impacted to some extent. The Company is committed to comply with all PM E-DRIVE and Phased Manufacturing Program ("PMP") guidelines. However, owning to the above situation, which was beyond Ather''s control, the Company, through its motor suppliers, had to make temporary adjustments and deviations from PMP guidelines in the manufacturing process for traction motors (specifically concerning the domestic fitment of magnets). While this is a temporary change, it may affect Ather''s ability to submit demand incentive claims for a maximum of 52,500 vehicles manufactured and/or to be manufactured under the PM E-DRIVE scheme.