SINGAPORE, March 04, 2025 — ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL” or the “Company”), a prominent carbon-neutral enviro-tech firm focused on transforming used industrial chemicals into sustainable products, and luxury car manufacturer De Tomaso Automobili Holdings Limited (“De Tomaso Automobili”), along with its shareholders, have entered into a definitive share purchase agreement. According to the agreement, ESGL will acquire all of De Tomaso Automobili’s outstanding shares in exchange for newly issued ESGL ordinary shares, contingent upon the fulfillment of specific closing conditions.

The deal is designed to boost shareholder value and establish a strategic alliance between ESGL and De Tomaso Automobili to drive future growth.

Strategic Highlights of the Merger:

• Enhanced Shareholder Value – Both parties anticipate that the transaction will bolster their respective financial positions, create long-term value for investors, and accelerate growth opportunities.
• Strategic Partnership – The companies believe that combining their operations will encourage cooperation, bringing together expertise, resources, and global networks to promote innovation, efficiency, and expansion in international markets.

The boards of directors of both companies have unanimously approved the transaction, which is anticipated to be finalized in the second quarter of 2025, pending required approvals and standard closing conditions.

“De Tomaso Automobili believes that it can improve the production of its highly desirable vehicles and further increase its global market presence by utilizing ESGL’s expertise in low-impact manufacturing,” said De Tomaso Automobili CEO Norman Choi. “This collaboration highlights both companies’ dedication to boosting operational efficiency while upholding the craftsmanship and prestige that define De Tomaso Automobili’s heritage.”

Quek Leng Chuang, CEO of ESGL, added, “This alliance represents a key step toward generating long-term value for our shareholders. We are positioning ourselves for continued growth by strengthening our financial standing, diversifying our portfolio, and opening up new revenue streams. This transaction speeds up our ability to scale profitably while increasing value for all stakeholders.”

The significant terms of the share purchase agreement and the transactions it contemplates (the “Transactions”) were previously disclosed in a Form 6-K that ESGL submitted to the Securities and Exchange Commission (“SEC”) on February 27, 2025.

About De Tomaso Automobili Holdings Limited

De Tomaso Automobili is a well-known Italian automotive brand that produces high-performance vehicles and is known for iconic models like the Pantera and the P72. De Tomaso Automobili, which has been around for more than 65 years, is still committed to offering luxury, cutting-edge design, and outstanding performance.

About ESGL Holdings Limited

ESGL Holdings Limited, based in Singapore, is a carbon-neutral enviro-tech company focused on converting used industrial chemicals into sustainable, circular products. ESGL is a top player in the environmental solutions sector thanks to its dedication to sustainable waste management practices. Environmental Solutions (Asia) Pte. Ltd., a subsidiary incorporated in Singapore, carries out all of ESGL’s operations. More details, including the Company’s SEC filings, can be found at .

Investor Relations Contact:

ESGL Holdings Limited
Investor Relations Department
Email: ir@esgl.asia
Phone: +65 6653 2299

Forward Looking Statements

This press release contains statements that may be deemed to be “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995’s “safe harbor” provisions. Words like “target,” “believe,” “expect,” “will,” “shall,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” “forecast,” “intend,” “plan,” “project,” and other comparable expressions that predict or point to future events or trends, or that are not statements of historical facts, can be used to identify forward-looking statements. Examples of forward-looking statements include, among other things, statements in this press release regarding ESGL’s and De Tomaso Automobili’s expectations for future performance, the anticipated financial impact of the Transactions, the satisfaction of the closing conditions to the share purchase agreement, and the timing of the completion of the Transactions. Forward-looking statements are not guarantees of future performance or historical facts. They are based solely on the current beliefs, expectations, and assumptions of ESGL management. Because forward-looking statements concern the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict, many of which are beyond our control. Actual results and outcomes could be significantly different from those expressed in the forward-looking statements. As a result, you shouldn’t depend on any of these forward-looking statements. A more comprehensive list and description of risks and uncertainties can be found in ESGL’s filings with the SEC and other documents that the Company may submit to or furnish to the SEC, which we encourage you to read. Any forward-looking statement made by us in this press release is based solely on information accessible to the Company at the time it is made, and it only applies as of that date. The Company disclaims any obligation to update or revise any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise, unless required by law.

No Assurances

There is no guarantee that the Transactions will be completed, nor is there any guarantee that the potential benefits of the Transactions will be realized if they are completed.

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