AIEV · Thunder Power Holdings, Inc.

Reflects securities acquired pursuant to the terms of the Agreement and Plan of Merger, dated as of October 26, 2023 (as amended on March 19, 2024 and April 5, 2024, the "Business Combination Agreement"), by and among Feutune Light Acquisition Corporation, a Delaware special purpose acquisition company ("FLFV"), Feutune Light Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of FLFV, and Thunder Power Holdings Limited, a British Virgin Islands company. Pursuant to the terms of the Business Combination Agreement, each of the independent directors of FLFV received 30,000 shares of Issuer common stock upon the closing of the business combination.

Representing 2,755,472 shares of common stock, par value $0.0001 per share (the "PubCo Common Stock"), of Thunder Power Holdings, Inc. (the "Issuer" or "PubCo") held by Feutune Light Sponsor LLC (the "Sponsor"). Pursuant to an Agreement and Plan of Merger, dated October 26, 2023 (as amended on March 19, 2024 and April 5, 2024, the "Merger Agreement"), by and among Feutune Light Acquisition Corporation, a Delaware corporation and the predecessor of the Issuer ("FLFV"), Feutune Light Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of FLFV ("Merger Sub"), and Thunder Power Holdings Limited, a British Virgin Islands company ("Thunder Power"), relating to the business combination of FLFV and Thunder Power, at the closing of the transactions contemplated thereunder (collectively, the "Business Combination") on June 21, 2024: (x) see footnote 2 below; (y) see footnote 3 below; (z) see footnote 4 below.

All 1,938,750 shares of Class B common stock, par value $0.0001per share (the "Class B Common Stock") and all 478,875 shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock") of FLFV that the Sponsor held prior to the closing of the Business Combination, were converted, on an one-for-one basis into 2,417,625 shares of PubCo Common Stock.

47,887 shares of PubCo Common Stock were issued as a result of the cancellation of 478,875 rights of FLFV that the Sponsor held prior to the Business Combination and the exchange of all such 478,875 rights, on ten-for-one basis, for such number of shares of PubCo Common Stock, with no fractional shares issued.

289,960 shares of PubCo Common Stock were issued, including (1) 263,600 shares of PubCo Common Stock converted, on a one-for-one basis, from 263,600 shares of Class A common stock underlying 263,600 units of FLFV (the "Working Capital Units") that were issued immediately prior to the Business Combination from the conversion of $2,636,000 of working capital loans from the Sponsor to the FLFV (the "Working Capital Loans"), and (2) 26,360 shares of PubCo Common Stock converted, on a ten-for-one basis, from the cancellation and exchange of 263,600 rights of FLFV underlying the Working Capital Units, on a ten-for-one basis, for such number of shares of PubCo Common Stock, with no fractional shares issued.

The Sponsor is the record holder of the securities reported herein. Ms. Yeung is the sole manager of the Sponsor, and as such may be deemed to have sole voting and investment discretion with respect to the securities held by the Sponsor.

Include: (x) 478,875 warrants converted, on a one-for-one basis, from 478,875 warrants of FLFV underlying the private placement units of FLFV that the Sponsor owned prior to the Business Combination; and (y) 263,600 warrants converted, on a one-for-one basis, from 263,600 warrants of FLFV underlying the Working Capital Units.

The Sponsor is the record holder of the securities reported herein. Ms. Yeung is the sole manager of the Sponsor, and as such may be deemed to have sole voting and investment discretion with respect to the securities held by the Sponsor.

Reflects securities acquired pursuant to the terms of the Agreement and Plan of Merger, dated as of October 26, 2023 (as amended on March 19, 2024 and April 5, 2024, the "Business Combination Agreement"), by and among Feutune Light Acquisition Corporation, a Delaware special purpose acquisition company ("FLFV"), Feutune Light Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of FLFV, and Thunder Power Holdings Limited, a British Virgin Islands company. Pursuant to the terms of the Business Combination Agreement, each of the independent directors of FLFV received 30,000 shares of Issuer common stock upon the closing of the business combination.

Class B Common Stock will automatically convert into Class A Common Stock on one-for-one basis, subject to certain adjustments as provided in the amended and restated certificate of incorporation of Feutune Light Acquisition Corporation (the "Company") upon the consummation of an initial business combination.

The reporting person has 20,000 founder shares of the Company (the "Founder Shares"), among which, he has agreed to transfer 10,000 shares to Feutune Light Sponsor LLC, the sponsor of the Company (the "Sponsor") at the original purchase price.

Representing10,000 Founder Shares (after expected repurchase by the Sponsor, see note 2) that the reporting person acquired from the Sponsor, pursuant to a securities transfer agreement dated June 15, 2022, among the Sponsor and certain initial stockholders of the Company.

Class B common stock will automatically convert into Class A common stock on one-for-one basis, subject to certain adjustments as provided in the amended and restated certificate of incorporation of Feutune Light Acquisition Corporation (the "Issuer") upon the consummation of an initial business combination.

Representing 23,970 shares of Class B Common Stock that Mr. Tian transferred to Feutune Light Sponsor LLC (the "Sponsor") pursuant to certain securities transfer agreement dated March 14, 2023 among Sponsor and certain initial stockholders of the Issuer.

Including (i) 141,000 shares if Class B Common Stock that Mr. Tian acquired from the Sponsor, pursuant to a securities transfer agreement dated June 15, 2022, among Sponsor and certain initial stockholders of the Issuer, and (ii) 23,970 shares of Class B Common Stock that Mr. Tian transferred to the Sponsor pursuant to certain securities transfer agreement dated March 14, 2023 among Sponsor and certain initial stockholders of the Issuer, as disclosed in footnote 2.

Class B common stock will automatically convert into Class A common stock on one-for-one basis, subject to certain adjustments as provided in the amended and restated certificate of incorporation of Feutune Light Acquisition Corporation (the "Issuer") upon the consummation of an initial business combination.

Representing 75,650 shares of Class B Common Stock that Feutune Light Sponsor LLC (the "Sponsor") acquired from certain directors, officers and employees of the Issuer pursuant to certain securities transfer agreement dated March 14, 2023 among Sponsor and certain initial stockholders of the Issuer. The Sponsor is the record holder of the securities reported herein. Ms. Yeung is the sole manager of the Sponsor, and as such may be deemed to have sole voting and investment discretion with respect to the securities held by the Sponsor.

Including (i) 1,938,750 shares of Class B Common Stock acquired by the Sponsor pursuant to certain securities subscription agreement dated February 2, 2022 between the Sponsor and the Issuer prior to the Issuer's initial public offering (the "IPO") (ii) 478,875 shares of Class A Common Stock acquired by the Sponsor via a private placement closed simultaneously with the consummation of the IPO and the exercise of the underwriters' over-allotment in full, and (iii) 75,650 Founder Shares acquired by the Sponsor from certain directors, officers or employees of the Issuer pursuant to certain securities purchase agreement entered among the parties dated March 14, 2023, as disclosed in footnote 2. Ms. Yeung is the sole manager of the Sponsor, and as such may be deemed to have sole voting and investment discretion with respect to the securities held by the Sponsor.

Class B common stock will automatically convert into Class A common stock on one-for-one basis, subject to certain adjustments as provided in the amended and restated certificate of incorporation of Feutune Light Acquisition Corporation (the "Issuer") upon the consummation of an initial business combination

Representing 75,650 shares of Class B Common Stock that Feutune Light Sponsor LLC (the "Sponsor") acquired from certain directors, officers and employees of the Issuer pursuant to certain securities transfer agreement dated March 14, 2023 among Sponsor and certain initial stockholders of the Issuer. The Sponsor is the record holder of the securities reported herein. Ms. Sau Fong Yeung is the sole manager of the Sponsor, and as such may be deemed to have sole voting and investment discretion with respect to the securities held by the Sponsor.

Including (i) 1,938,750 shares of Class B Common Stock acquired by the Sponsor pursuant to certain securities subscription agreement dated February 2, 2022 between the Sponsor and the Issuer prior to the Issuer's initial public offering (the "IPO") (ii) 478,875 shares of Class A Common Stock acquired by the Sponsor via a private placement closed simultaneously with the consummation of the IPO and the exercise of the underwriters' over-allotment in full, and (iii) 75,650 Founder Shares acquired by the Sponsor from certain directors, officers or employees of the Issuer pursuant to certain securities purchase agreement entered among the parties dated March 14, 2023, as disclosed in footnote 2.

Class B common stock will automatically convert into Class A common stock on one-for-one basis, subject to certain adjustments as provided in the amended and restated certificate of incorporation of Feutune Light Acquisition Corporation (the "Issuer") upon the consummation of an initial business combination.

Representing 23,970 shares of Class B Common Stock that Ms. Ma transferred to Feutune Light Sponsor LLC (the "Sponsor") pursuant to certain securities transfer agreement dated March 14, 2023 among Sponsor and certain initial stockholders of the Issuer.

Including (i) 141,000 shares if Class B Common Stock that Ms. Ma acquired from the Sponsor, pursuant to a securities transfer agreement dated June 15, 2022, among Sponsor and certain initial stockholders of the Issuer, and (ii) 23,970 shares of Class B Common Stock that Ms. Ma transferred to the Sponsor pursuant to certain securities transfer agreement dated March 14, 2023 among Sponsor and certain initial stockholders of the Issuer, as disclosed in footnote 2.

Class B common stock will automatically convert into Class A common stock on one-for-one basis, subject to certain adjustments as provided in the amended and restated certificate of incorporation of Feutune Light Acquisition Corporation (the "Issuer") upon the consummation of an initial business combination

Representing 26,010 shares of Class B Common Stock that Dr. Xu transferred to Feutune Light Sponsor LLC (the "Sponsor") pursuant to certain securities transfer agreement dated March 14, 2023 among Sponsor and certain initial stockholders of the Issuer

Including (i) 153,000 shares if Class B Common Stock that Dr. Xu acquired from the Sponsor, pursuant to a securities transfer agreement dated June 15, 2022, among Sponsor and certain initial stockholders of the Issuer, and (ii) 23,970 shares of Class B Common Stock that Dr. Xu transferred to the Sponsor pursuant to certain securities transfer agreement dated March 14, 2023 among Sponsor and certain initial stockholders of the Issuer, as disclosed in footnote 2.