General Meeting of Shareholders approves annual financial statements, as well as Board and Management

30.06.2020

Zug, June 30, 2020 – At today’s Annual General Meeting in Zug (Switzerland), the shareholders of LION E-Mobility AG approved the annual financial statements of the company, consisting of the balance sheet, P&L and annex, which has received an unqualified audit opinion from the auditing company KPMG. The Board and management of the company were fully discharged. Due to the Covid-19 restrictions, the meeting had to be held with the involvement of a proxy.

The shareholders confirmed the Board of Directors of LION E-Mobility AG, consisting of Alessio Basteri (Chairman), Ian Mukherjee, Thomas Hetmann and Tobias Mayer for another year. The vast majority of shareholders rejected a requested special due diligence in connection with the planned entry of an investor in 2019. A vast majority approved the conversion of bearer shares into registered shares, which is necessary due to legal requirements in Switzerland.

KPMG AG (Switzerland) was also confirmed as auditor and Pascal Bucher (Finaport, Zurich, Switzerland) as proxy until the 2021 Annual General Meeting. The shareholders also granted the company approval for further capital increases through the issue of new shares.

“I would like to thank all shareholders for their understanding of this extraordinary situation and for attending the General Shareholders’ Meeting via proxy,” said Alessio Basteri, Chairman of the Board of Directors of LION E-Mobility AG. “This was and is an extraordinary situation for all of us. Despite these special circumstances, we want to offer our shareholders full transparency and are grateful for all the questions that reached us during the General Assembly. We will take them up and answer them in detail afterwards, as far as this is possible. I would also like to thank all those who were involved in the preparation and conduct of this special Annual General Meeting”.

“We had a very good start into 2020 and are working hard to continue the success story of the first quarter of 2020, in which we were able to generate positive earnings for the first time, despite difficult economic conditions. The signals we are receiving from the market for our solutions are positive. I would like to thank all shareholders for their trust”, Basteri continued.

About LION E-Mobility:

LION E-Mobility AG is a listed Swiss holding company founded in 2011 with promising strategic investments in the e-mobility sector, especially in the field of electrical energy storage and lithium-ion battery system technology.

The company owns 100% of German-based LION Smart GmbH, a developer of battery packs and battery management systems. LION Smart GmbH also holds a 30% stake in TÜV SÜD Battery Testing GmbH, a successful joint venture with TÜV SÜD AG. LION E-Mobility AG is also 100% owner of LION E-Mobility North America Inc.

Contact:

Alessio Basteri

Chairman of the Board

LION E-Mobility Investor Relations

Sebastian Duering

Phone: +49 221 94991871

Mobile: +49 151 58204309

e-mail: ir@lionemobility.com