EQS-Adhoc: fox e-mobility AG: Result of the vote at the General Meeting of 31 January 2025

Capital reduction by 99% and capital increase measures of up to 17 million euros approved

At the company's Annual General Meeting on 31 January 2025, approximately 42.5% of the share capital of 73,289,378 was represented for the resolutions.

With a majority of 99.96%, it was decided:

(1) the capital reduction by 99% by merging 100 shares into one new share

(2) the proposed capital increase measures amounting to up to 17 million euros (items 10-15 of the agenda published on 23 December 2024)

https://fox-em.com/wp-content/uploads/2024/12/EINBERUFUNG-DER-HV-31012025-BUNDESANZEIGER-23122024.pdf

(3) the amendments to the Articles of Association concerning shortening the term of office, reduced and performance-related remuneration and reducing the number of Supervisory Board members from four to three members

The members of the Board of Management for the 2022 financial year were discharged in individual votes. The current CEO received approximately 72% of the votes of the shareholders present. Following the Annual General Meeting, his appointment was extended by the Supervisory Board until 7 December 2025.

The Supervisory Board members for the 2022 financial year were denied discharge in individual votes by approximately 62%.

The Supervisory Board members Patrick Bigger (Chairman) as well as Attila Külkey and Rene Peter who were present at the Annual General Meeting were elected for a term of office until 31 December 2025 by approximately 38.2% of the votes present, with approximately 61% abstentions.

Dr. Kleeberg & Partner GmbH, Wirtschaftsprüfungsgesellschaft, Member Crowe Global, Munich, was elected as auditor for the 2024 financial year.

Regarding the 2022 financial year, two special audit applications pursuant to § 142 Abs.1 AktG were approved at the Annual General Meeting. The applicant is a shareholder with 1,000 shares and was a former lawyer for the company from 2020 to March 2021. The special audits concern (i) implementation and compliance (lock-up) of the contribution and post-formation agreement concluded by 76 persons on 7 December 2020 in the 2022 financial year and (ii) the issuance of convertible bonds to Green Assets Holding AG in 2022. The resolution on the special audit requests was passed with 17,952,422 votes. The Board of Directors has received a declaration from the voting shareholder for 17,940,322 votes, according to which he contests his own vote due to an error in his vote.

The management points out that the contribution agreement was already fully implemented in the 2021 financial year. In 2022, two convertible bonds with a conversion price of EUR 1.00 per share with a total volume of EUR 675,000 were issued to Green Assets Holding AG. These convertible bonds were redeemed as part of a debt restructuring; there was no conversion into shares.