Fox E-Mobility AG Faces Key Developments: Deadline, Share Sale, and AGM

Fox E-Mobility AG has set a final deadline for Yangji Investment Partners LLC. The company expects Yangji to fulfill at least the first tranche, amounting to 2 million euros, of the 10 million euro credit facility agreement by December 31, 2024. This agreement was established in 2023.

Due to liquidity challenges resulting from Yangji's non-performance of the credit facility, Fox E-Mobility AG plans to sell up to 5,321,365 treasury shares. This decision, executed through Fox Automotive Switzerland AG, will take place on the Düsseldorf, Berlin, and Hamburg stock exchanges. Proceeds will address operational expenses.

The Annual General Meeting for the fiscal year 2022 is scheduled for January 31, 2025, in Düsseldorf. The meeting will address significant capital measures, as indicated by Section 92 (1) AktG.