Sharing Economy International Engaged with BIP Consulting for the Development of E-Mobility

HONG KONG,March 20,2023 -- Sharing Economy International Inc (OTC: SEII) has signed and engaged with BIP Consulting ("BIP"),a leading business consultation group,to complete the business negotiation with leading zero-emission electric and hydrogen vehicle manufacturers to form up joint venture in developing electric mobility business line,aiming to create a sharing economy ecosystem by providing electric trucks for renting,through third party truck manufacturers,as strategic venture partners.

SEII has a vision in the future of zero-emission electric and hydrogen mobility markets and been in contacts and negotiation with leading automobile manufacturers to form market joint venture in expanding electric mobility.

BIP Consulting has extensive experiences in developing business strategies and assisting clients in business negotiations. Through the engagement,BIP will assist SEII to further negotiate with the leading European automobile manufacturers,to commercialize and distribute zero-emission electric and hydrogen trucks in defined territories.

"We have a strong believe in the future of zero-emission electric and hydrogen vehicles. With EU's plan for zero CO2 emissions for new cars and vans in 2035,such movement will expand across the whole world and there will be a lot of market opportunities," said Jefferson Chan,CEO of SEII.

About Sharing Economy International Inc.

Sharing Economy International Inc.,through its affiliated companies,designs,manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry. The Company's latest business initiatives are focused on targeting the technology and global sharing economy markets,by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Moreover,the Company will actively pursue blockchain technology in its existing and to-be-acquired business,enabling the general public to realize the beauty of resource sharing.

For more information visit www.seii.com

Cautionary Warning Regarding Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases,you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include,without limitation,statements about our market opportunity,our strategies,competition,expected activities and expenditures as we pursue our business plan,and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable,we cannot guarantee future results,levels of activity,performance or achievements. Actual results may,and probably will,differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include,among other things: (1) our ability to raise additional capital to continue our operations; (2) our ability to pay down existing debt; (3) our ability to attract and retain key executive officers and the professional advisors; (4) the effect of the COVID-19 outbreak on our operations; (5) potential litigation with our shareholders,creditors and/or former or current investors; (6) the effect of political instability on our operations; and (7) other factors over which we have little or no control. Any forward-looking statements speak only as of the date on which they are made,and Sharing Economy International does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Sharing Economy International's website does not constitute a part of this release.

Company Contacts:

Sharing Economy International Inc.

Lam Ka Man

Chief Financial Officer

Email: ir@seii.com

+852-31060372