Title:Moving on to the next stage of an industrial project in thedisplay sector by selling a technology validation device to a Partner inSouth Korea.

Legal basis:Article 17(1) MAR - inside information

Content of the Report:The Management Board of XTPL S.A. (the"Issuer", "Company", "XTPL") hereby reports that on 15 December 2022 itconfirmed the acceptance of an order for delivery of a device fortechnology validation in the area of next generation ultra-highresolution micro OLED displays.

The ordering partner is HB Technology, listed on KOSDAQ (078150.KQ) inSouth Korea, a manufacturer of devices for testing and repairing devicesfor the largest global display makers. HB Technology's clients are theworld's leading manufacturers, including Samsung Display Corporation andBeijing BOE Display Technology ("Partner").

Acceptance of the order means moving on to the next stage of work on theuse of the Company's technology at the end client ("Client"), a leadingmanufacturer of flat panel displays (FPDs). As part of thejust-commenced next stage of the project aimed at the industrialimplementation of XTPL's technology in the display sector, during thefirst six months of 2023 the Company will deliver its device fortechnology validation at the R_amp;D level to the Partner in order to speedup the process of analyzing and adapting the XTPL solution to theClient's needs. At the same time, preliminary talks have startedregarding the construction of a prototype industrial device based onXTPL's technological solution.

The Partner's decision to buy the validation device was taken followinga complex process of evaluating XTPL technological solutions incooperation with the Partner and the Client. The complex evaluationprocess with the Partner took about 24 months to complete.

Sales revenue connected with the order will be recognized during thefirst half of 2023.

The Issuer's Management Board has decided that the commencement ofexecution of the order for the delivery of the technology validationdevice is inside information due to the achievement of a key level oftechnology evaluation with a potentially significant importance for theCompany's future development. The order opens up another stage of closecooperation between the Company and the Partner, ultimately gearedtowards development and industrial implementation of the device onproduction lines of the leading global FPD maker. The cooperation alsoconfirms the attractiveness of the technological solution offered by theCompany and the further commercialization potential of the XTPLtechnology as part of its business line of printing modules forindustrial integration.

Accordingly, in the opinion of the Issuer's Management Board, the aboveinformation meets the criteria of inside information within the meaningof Article 7(1) MAR.