XTPL S.A.

Regulatory Filings • Feb 28, 2020

The Management Board of XTPL S.A. (the "Company", the "Issuer") herebyannounces that today it has signed a technology evaluation agreementwith Suzhou Cowin Laser Technoloy Co. Ltd. having its registered officein China (the "Partner") - a supplier of display production devices forthe leading players in the display sector (including BOE).

The purpose of the agreement is to confirm parameters of the technologydeveloped and commercialized by the Issuer and to assess the possibilityof implementing the technology in the products manufactured and sold bythe Partner. The XTPL nanoprinting technology offered to the Partnerwill be dedicated to repairing open defects in displays. Each party willbe responsible for their respective costs, i.e. the Issuer - for thecost of printing on the Partner's substrates, while the Partner - forthe cost of preparing and sending the substrates, the cost of advancedanalyses of the prints and evaluation of technological tests, as well asthe cost of reference visits to the Issuer's headquarters.

In the opinion of the Company's Management Board the signing of thetechnology evaluation agreement is to be considered inside informationbecause if the evaluation results are satisfactory the Partner will beinterested in starting negotiations on the main business assumptions fora commercial cooperation, and therefore there are reasons to believethat implementation of the above agreement may have a significant impacton the Issuer's future income position.