 CORONA, CA ACCESSWIRE December 24, 2020 ADOMANI, Inc. OTCQB:ADOM a provider of new zero-emission, purpose-built electric vehicles and drivetrain solutions, announced that it entered into a non-binding letter of intent LOI with Envirotech Drive Systems, Inc. EVT, North Americas first and only manufacturer of purpose-built all-electric zero-emission Class 3, 4 and 5 vehicles, regarding a potential business combination transaction pursuant to which a newly formed subsidiary of ADOMANI would merge with and into EVT, whereby EVT would become a wholly-owned subsidiary of ADOMANI in exchange for shares of ADOMANI common stock the Proposed Transaction. Upon completion of the Proposed Transaction, it is contemplated that the stockholders of EVT would hold approximately 58 of the total outstanding shares of common stock of ADOMANI, subject to certain adjustments. 