XTPL S.A.

Regulatory Filings • Mar 31, 2020

The Management Board of XTPL S.A. ("Company", "Issuer") informs aboutthe execution of the next (third) order for the supply of nano-ink.Delivery is carried out for a new client from Asia which is operating onthe display market.

The Management Board of the Company considered the fact of commercialsale of the nano-ink to a third client as inside information, because inthe opinion of the Management Board it constitutes a confirmation ofinterest in the Issuer's technology by another client and transition tothe next, more advanced phase of business relations with theabovementioned counterparty.

The amount of revenue from delivery is insignificant from theperspective of the potential cooperation with the client. However, themere fact of the next commercial order is significant from the Company'sperspective and at the same time confirms the possibility to startcooperation with the abovementioned client as well as to enter themarket in the client's industry.

At the same time, the Issuer informs that due to the fact that it is thethird event of a similar nature, confirming the transition to a furtherphase of business relations with another client and thus a higherprobability of commercialization of the technology developed by theCompany, in the event of any potential subsequent similar events, i.e.receipt of nano-ink orders from new clients, the Management Board mayassess such a single event as not constituting inside information andtherefore may not inform about it in the form of a current report.