LION E-Mobility AG: Extraordinary General Meeting to resolve board changes

Zug (Switzerland), February 2, 2024. LION E-Mobility AG, a leading battery pack manufacturer specializing in e-mobility and energy storage solutions, announces an Extraordinary General Meeting (EGM) is scheduled for February 28, 2024. The shareholders will vote on the appointment of the CEO Dr. Joachim Damasky as a new member of the board. He shall succeed Tobias Mayer who is stepping down from the board at the holding company level and intends to continue to contribute his insights and technological expertise as the Deputy Chairman of the Global Technology  Advisory Committee, collaborating closely with Dr. Eichhorn, the Chairman of the Advisory Committee, and Dr. Joachim Damasky, and Michael Geppert. Furthermore, Tobias Mayer will keep on working together with Michael Reich on his operational role as Senior Sales Manager at the company’s subsidiary LION Smart GmbH. He has played pivotal roles across various functions within LION, notably spearheading sales initiatives alongside Michael Reich, which significantly advanced the market presence.

About LION E-Mobility AG:
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 holds 100% of the German 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 also holds 100% of the shares in LION E-Mobility North America Inc., LION Smart North America Inc. and 100% of the German LION Smart Production GmbH.

www.lionemobility.com

Responsible for the press release: Board of Directors LION E-Mobility AG
LION E-Mobility AG
Alessio Basteri
Chairman of the Board

LION E-Mobility Investor Relations
Kirchhoff Consult
lion@kirchhoff.de
ir@lionemobility.com

Disclaimer:
Statements that express or contain forecasts, expectations, views, plans, goals and assumptions regarding future events or performance are not considered historical facts and may therefore be forward-looking statements. Forward-looking statements are based on the expectations, estimates and plans at the time the statements were made, and therefore involve a number of risks and uncertainties that could cause actual results or events to differ materially from those currently anticipated become. LION E-Mobility AG is under no obligation to update the forward-looking statements in this press release.