We believe both the Bus and Energy businesses deserve focus, and we are currently exploring strategic options to ensure both businesses can thrive under the right governance. Signing of an Energy contractEbusco announces that it has signed a large energy contract with a European client. As the contracting party, will cover a minimum of 600 MWh of various Energy Storage Systems (ESS) and ESS related equipment, with a total contract value of approximately EUR 39 million. Under the contract, which contains standard market and arm’s length conditions, Ebusco will deliver various ESS Battery packs and other ESS products to this client. Contact Us Dordrecht Auto Inkoop Email: [email protected] Phone: +31783690236 Pieter Zeemanweg 47 Dordrecht, Zuid Holland, NL 3316 GZ To preserve its working capital, the Company announced that it largely suspended its production in anticipation of the outcome of the legal proceedings and the completion of the Rights Issue. The Company also announced that it received a cancellation letter from Connect Bus and Keolis, two other customers of the Group, for 47 Ebusco 3.0 buses and 50 Ebusco 3.0 buses, respectively. The Company announced that it reached an agreement of dissolution with both customers. As part of the order from Connect Bus was already in an advanced stage of production, the Company also announced that it had entered in discussions with various parties to sell these already produces buses.Based on the company’s production planning in place, many orders will not be delivered on time. Ebusco is currently in settlement negotiations on these penalties and claims and has assumed related cash-out in its liquidity forecast. In light of the 15 August 2025 maturity date of the Loans and the guarantee facilities of the banks (per 14 August 2025), Ebusco continues to explore other options to help fund its working capital, diversify its funding sources and become less reliant on its LC banks over time. To this effect, Ebusco is in constructive discussions with CMC, a Chinese export agent, partly on the back of its strategic relationship with Gotion.Each of these loans is due 15 August 2025 and convertible on substantially the same terms as the other loans. In 2024, Ebusco announced the shift of its production setup to an OED model, working solely with contract manufacturers. This model has now been largely implemented and casco and bus assembly is handled at the contract manufacturers. A further focus on local support from Ebusco’s contract manufacturers has been implemented, to further improve the quality of the contract manufacturing in China, and therefore a further reduction in hours spent on activities needed in the company’s PDI facilities. mijn reactie , engineering, design, support and shared services remain centrally controlled from Ebusco’s headquarters, in Deurne.On 4 November 2024, the Company announced that it received indications of interest from a group of investors, including larger existing shareholders, to support the Rights Issue through a combination of pre-commitments and underwriting. The Company also announced that it is negotiating a partnership with one of its strategic suppliers which would provide for an equity injection. Further, the Company announced that it had negotiated another customer settlement under which the Company is released from the obligation to deliver 76 Ebusco 3.0 buses that the Company was unable to produce on time. The related contractual penalty amounts have also been substantially reduced and will be payable in tranches over time, relieving the short-term pressure on the Company’s cash position. The February Loans were required to be fully repaid by the Company by 15 August 2025, including €2.2m in fees (in aggregate). Under the investment agreement Ebusco and Gotion have agreed that Gotion is granted the right to nominate a representative in both Ebusco’s supervisory board (which person will chair the nomination committee) and management board, subject to the approval of the Company’s shareholders, to be obtained at the 2025 EGM.