fox e-mobility AG / DE000A2NB551

fox e-mobility AG: Update related to investment by Yangji Investment Partners LLC

EQS-Ad-hoc: fox e-mobility AG / Key word(s): Financing


30-Oct-2023 / 19:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Munich, October 30th, 2023. Yangji Investment Co.,Ltd/Yangji Investment Partners LLC (Yangji) announced in writing today that due to unforeseeable delays in Korea for foreign investments, the short-term deadline for executing the transfer following the meeting in Frankfurt could not be met. Yangji apologizes for that. In the document signed by the directors of Yangji (Richard Kang as CEO of both companies and Kristof Olesch as director of Yangji Investment Partners LLC), Yangji irrevocably commits that the transfer of the first partial payment of 1 million euros will take place on November 3rd, 2023 and the second partial payment of 1 million euros on November 16th, 2023 (all payments from Yangji Investment Co Ltd via Yangji Investment Partners LLC to fox e-mobilty AG). It is also confirmed that the additional 8 million euros will be invested in a payment plan agreed with fox e-mobility AG.

Contact:
[e-mail]

End of Inside Information

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30-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	fox e-mobility AG
	Herzogspitalstraße 24
	80331 München
	Germany
Internet:	www.fox-em.com
ISIN:	DE000A2NB551
WKN:	A2NB55
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg
EQS News ID:	1760867

End of Announcement	EQS News Service

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1760867  30-Oct-2023 CET/CEST