XTPL S.A.

Regulatory Filings • Jan 3, 2025

Report Content Title:

Sale of the first batch of UPD modules for industrial implementation onthe production line of ultra-high resolution displays at a leadingmanufacturer of displays in China.

Legal basis:

Article 17(1) MAR - confidential information

Content of the Report:

The Management Board of XTPL S.A. ["Issuer", "Company", "XTPL"] herebyreports that on January 3, 2025 it confirmed the acceptance of an orderfor the first batch of UPD modules (printheads), in the number of 6units, to be deployed on the industrial production line of the endclient - a leading display maker from China listed on the Shenzhen StockExchange with annual revenues of tens of billions of USD ["End Client"].The modules will be used to repair defects in modern, ultra-highresolution Flat Panel Displays (FPDs).

The direct ordering party is Yi Xin (HK) Technology Co., Ltd based inChina ["Yi Xin", "Distributor"], which distributes XTPL's technologicalsolutions. (Current Report No. 4/2021 of April 15, 2021). The finalbuyer of the device will be a leading Chinese manufacturer of testingand repair equipment used on the production lines of modern displays(FPDs) ["Partner"]. The Partner's clients are leading manufacturers ofmodern FPDs on the Chinese market. The order was placed following atechnological evaluation in the form of tests of a prototype industrialdevice by the Partner (Current Report No. 24/2024 of April 24, 2024).

The revenue generated by the order will have a positive impact on XTPL'sfinancial performance in 2025. In addition, the potential for furtherbusiness may significantly contribute to the goal of achieving PLN 100million in commercial revenues in 2026 as part of the implementation ofthe 2023-2026 Strategy (Current Report No. 54/2023 of November 22, 2023).

The Issuer's Management Board has decided that the sale of UPD modulesis inside information, as the transaction may have a significant impacton the Issuer's future revenue position, strengthen the Company'sreputation as a supplier of industrial solutions, and affect theIssuer's perception by investors.

Accordingly, for the reasons described above, in the Management Board'sopinion the information disclosed in this current report meets thecriteria of inside information within the meaning of Article 7(1) MAR.