The production model of the De Tomaso P72 highlights the brand’s strength and market readiness as the merger with ESGL progresses.

SINGAPORE, May 16, 2025 — ESGL Holdings Limited (NASDAQ: ESGL), a leader in sustainable circular solutions, has reached a key milestone in its merger with De Tomaso Automobili: the unveiling of the production-ready P72. This event emphasizes the strong operational and brand foundation of the combined entity, as the business combination aims to finalize in June 2025.

The P72, initially a concept at the 2019 Goodwood Festival of Speed, is now ready for production. Built on a unique carbon fiber chassis and featuring a custom 5.0L supercharged V8 engine, the P72 embodies a return to classic, mechanical design and a driver-centric approach.

“The P72 is our promise fulfilled,” stated Norman Choi, CEO of De Tomaso Automobili. “It represents our dedication to mechanical purity, design heritage, and craftsmanship that defies fleeting trends. As we move forward with ESGL, we remain dedicated to building vehicles that ignite passion and celebrate the traditional driving experience.”

This unveiling signals De Tomaso’s readiness to begin customer deliveries in late 2025 and reinforces the shared vision of both companies. The production vehicle revealed is a separate unit from the 72 customer allocations, demonstrating the final engineering, design, and build quality De Tomaso will consistently deliver.

“The launch of the production P72 indicates to investors that De Tomaso is prepared for expansion. This is more than just a car; it’s a commercial driver,” said Lawrence Law, Executive Director of ESGL Holdings. “As we approach the merger’s completion, this milestone highlights the strategic value we can create together.”

The proposed merger between ESGL and De Tomaso is expected to be finalized in June 2025, pending shareholder and regulatory approvals.

Media Coverage and Exclusive Viewing

The production version of the De Tomaso P72 is now available for private viewings at Miller Motorcars in Greenwich, Connecticut, with limited public displays to follow. This exclusive showcase provides a unique opportunity to experience the vehicle’s stunning design and mechanical purity firsthand.

The launch has already garnered significant global media attention. Top Gear featured the P72 in a leading article, describing it as “a dreamy hypercar with mechanical soul and timeless design.” You can read the article at:  

More information about the launch and the P72 can be found

About ESGL Holdings Limited

ESGL Holdings Limited (NASDAQ: ESGL), based in Singapore, is a leader in sustainable circular solutions for the chemicals, electronics, and manufacturing industries. Utilizing its proprietary technology and ESG-focused strategy, ESGL converts waste into valuable circular products, promoting a low-carbon and resource-efficient future.

About De Tomaso Automobili

Founded in 1959 in Modena, Italy, De Tomaso is a renowned automotive brand known for blending Italian design with a rich motorsport history. Revived in 2014 under the leadership of Norman Choi, the company is dedicated to crafting emotionally engaging, mechanically pure vehicles for a new generation of enthusiasts.

Investor & Media Contacts:
ESGL Holdings Limited
Investor Relations: ir@esgl.asia
Website: www.esgl.asia

De Tomaso Automobili
Media Inquiries: media@detomaso-automobili.com
Website: www.detomaso-automobili.com
Instagram: @detomaso_official

Forward Looking Statements

This press release contains statements that may be considered “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995’s “safe harbor” provisions. These forward-looking statements are identifiable by terms like “target,” “believe,” “expect,” “will,” “shall,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” “forecast,” “intend,” “plan,” “project,” and similar expressions that forecast or suggest future events or trends, rather than historical facts. Examples include statements about ESGL’s and De Tomaso Automobili’s expectations for future performance, the anticipated financial impact of the proposed business combination, the satisfaction of closing conditions for the share purchase agreement, and the timing of the proposed business combination’s completion. These statements are not guarantees of future performance but are based on the current beliefs, expectations, and assumptions of ESGL’s management. As they relate to the future, they are subject to inherent uncertainties, risks, and changing circumstances that are difficult to predict and often beyond our control. Actual results may significantly differ from those indicated in these statements. Therefore, reliance on these forward-looking statements is not advised. Further details on risks and uncertainties are available in ESGL’s filings with the SEC and other documents ESGL may file or furnish, which are recommended for review. Any forward-looking statement in this press release is based solely on information currently available to ESGL and is current only as of the date made. ESGL does not commit to updating any forward-looking statement, whether written or oral, due to new information, future developments, or other factors, except as legally required.

No Assurances

There is no guarantee that the proposed business combination will be completed or, if completed, that its potential benefits will be realized.

A PDF accompanying this announcement is available at: