XTPL S.A.

M&A Activity • Feb 19, 2025

Title:

Entering into a non-exclusive agreement to distribute the Issuer'stechnology solutions in Japan.

Legal basis:

Article 17 (1) MAR - confidential information

Content of the Report:

The Management Board of XTPL S.A. ["Issuer", "Company", "XTPL"]announces that on Februrary 19, 2025, a non-exclusive distributionagreement for the Issuer's technology solutions ["Agreement"] was signedbetween the Issuer and Printed Electronics Corporation headquartered inJapan ["PEC", "Distributor"].

Under the signed Agreement, the Distributor will advertise and sellXTPL's technology solutions in Japan. The cooperation is intended tosupport XTPL in finding new Customers in academia and industry as wellas seeking broader applications for its technologies and products andwill focus on introducing solutions in the thin film photovoltaics,memristors and sensors.

PEC is a company supplying research and manufacturing equipment andmaterials in Japan to the universities and industries such assemiconductor or telecommunications. As part of the cooperation, theDistributor will promote XTPL's solutions to its existing and newcustomers.

The Issuer's Management Board considered the fact that the DistributionAgreement in question was concluded for a significant market to beconfidential information, as its implementation may have a significantimpact on the Issuer's future revenue situation, the popularization ofthe Company's technological solutions, as well as the prospect ofinvestors' perception of the Issuer.

In view of the above, in the opinion of the Management Board, theinformation on the conclusion of the Agreement meets the criteriaindicated in Article 7(1) of the MAR Regulation.