Strategic International Investors join Inzile

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eFashion Championship PTE Ltd (“eFC”), principal shareholder of Inzile AB (publ) (“Inzile”), pursues its ambition to strengthen Inzile’s ownership structure by adding strategic investors, who add value to the company and its business activities. This will be accomplished through selected investors’ participation and alliances that increase Inzile’s revenues, extend its product portfolio as well as improve its commercial margins.

German businessman Hakan Koc has acquired 938,967 shares at SEK 21.30, through a purchase of a block of shares from eFC. Hakan Koc is co-founder and one of the main shareholders of one of the largest listed automotive trade companies in Germany. Hakan Koc will together with Enrique Bañuelos, owner of eFC, support Inzile in entering the US electromobility market through the establishment of a new investment company, managed by Inzile and scheduled to be registered during the first quarter of 2022.

British businesswoman Li Ru has acquired 666,667 shares at SEK 22,00 SEK through a purchase of a block of shares from eFC. Li Ru belongs to an important Chinese family who owns and manages various businesses, e.g. international visas, an activity carried out with the world leader VFS. Li Ru will, in collaboration with eFC, support Inzile with relations on the Chinese market, focused on automotive companies and supplies of material and components.

The above presented share transactions broadens the ownership structure of Inzile and strengthens the company through the presence of international investors with a long-term investment perspective.

For further information, please contact:

Yago Mendez, CEO Inzile, yago.mendez@inzile.com, +46 490 199 99

Peter Wergens, CFO Inzile, peter.wergens@inzile.com, +46 73 325 75 04

About Inzile

Inzile is a Swedish tech company manufacturing intelligent electrically powered vehicles as well as creating modern transport and service solutions for a sustainable community. The company’s vision is to liberate the world from emission of fossil fuels and to accelerate the climate efforts by contributing to sustainable cities that improve quality of life.

Inzile was founded in 2012 based on a strong will to secure a future climate friendly utility vehicle sector. The team consists of some of Scandinavia’s foremost authorities related to electrical vehicles, digitalization, manufacturing and purchasing. Inzile develops, produces, and sells innovative vehicle solutions on the global market based on the demanding Nordic climate, security requirements and environmental standards. The company is based in Sweden with headquarters and production facility located in Västervik, R&D in Tranås and marketing office in Stockholm.

The company's share is traded on Nasdaq First North Growth Market Stockholm.

Redeye AB is the Company’s Certified Adviser, +46 8 121 57 690, certifiedadviser@redeye.se.

For further information, please visit: www.inzile.com

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