XTPL S.A.

Business and Financial Review • Apr 17, 2024

Report Content Title: Sale of another module for industrial implementation as part ofan ongoing implementation project. The buyer is HB Technology from SouthKorea.Legal basis: Article 17(1) MAR - confidential information.

Content of the Report:

The Management Board of XTPL S.A. [_quot;Issuer_quot;, _quot;Company_quot;, _quot;XTPL_quot;]announces that on 17 April 2024 it confirmed the acceptance of an orderfor the delivery of a further industrial module as part of a projecttargeting industrial implementation in the display industry implementedtogether with HB Technology. The Company reported about this industrialproject within current reports No. 37/2022 of 15 December 2022 and No.23/2023 of 01 June 2023.

The ordering partner is HB Technology, a South Korea-listed KOSDAQ(078150.KQ) manufacturer of test and repair instruments for major globaldisplay manufacturers. HB Technology's customers include leading globalmanufacturers such as Samsung Display Corporation and Beijing BOEDisplay Technology [_quot;Partner_quot;], among others.

Sales revenue from the order will be recognised upon delivery of theindustrial module to HB Technology this year.

The order represents a significant advancement in the ongoing phase ofthe Company's close collaboration with the Partner. The collaboration isdirected towards the development and industrial implementation of adevice into production lines at a leading global FPD displaymanufacturer [_quot;End Customer_quot;]. HB Technology, after validating theCompany's technology at the R_amp;D level in the first half of 2023,proceeded to build a prototype industrial device based on XTPL'stechnology solution. At the end of 2023 and the beginning of 2024, theprototype was handed over to the Final Customer's facility, which iscarrying out the commissioning of the device and the first tests. Thesubsequent order within the currently ongoing implementation projectconfirms the positive development of the work within the current phaseof the implementation project and the commercialisation potential of theXTPL technology within the industrial modules business line.

For the reasons described above, the information provided in thiscurrent report, in the opinion of the Issuer's Management Board, meetsthe criteria for confidential information within the meaning of Article7(1) MAR.