Title:

Patent approval by Korean Intellectual Property Office

Legal basis:

Article 17(1) MAR - confidential information.

Content of the Report:

The Management Board of XTPL ("Issuer", "Company", "XTPL") herebyreports that on 13 January 2025 it received the notice of allowance andinformation related to allowed claims issued by the Korean IntellectualProperty Office. The patent application has been examined and is allowedfor issuance as a patent for an invention "Methods of Dispensing aMetallic Nanoparticle Composition from a Nozzle onto a Substrate".

The application procedure for this patent was initiated on 28 July 2020.The final formal requirement for obtaining the patent is to pay thenecessary fee. Should the requirement not be met, the Company willcommunicate this in a separate current report.

The patent protection will increase the value of the potentialcommercialization of the Company's technology with respect to theIssuer's technological solutions for the next generation electronicsmarket. The reported event confirms continued delivery of the Company'sstrategy of building a patent cloud for its proprietary technology andproducts, which will contribute to building the Issuer's credibilityamong potential industrial clients.

In view of the above, and considering the confirmation of uniqueness ofthe Company's technological solutions, and then the outlook for theIssuer's perception by investors, the Issuer's Management Board hasdecided that the notice of allowance and information related to allowedclaims should be deemed confidential information. For this reason, inthe opinion of the Management Board, the information meets the criteriaset out in Article 7(1) of the MAR.