from Fox E-mobility AG (isin : DE000A2NB551)
EQS-Adhoc: fox e-mobility AG: Delay in Yangji’s payment and further postponement of publication of 2022 financial statements
EQS-Ad-hoc: fox e-mobility AG / Key word(s): Liquidity Problem
fox e-mobility AG: Delay in Yangji’s payment and further postponement of publication of 2022 financial statements
31-May-2023 / 19:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
fox e-mobility AG:
Delay in Yangji’s payment and further postponement of publication of 2022 financial statements
Munich, May 31, 2023. The Management Board of fox e-mobility AG (DE000A2NB551), announces that the payment of the tranches of EUR 2m by YANGJI Investment Partners LLC expected by the end of May (see ad-hoc announcement of April 21, 2023) has not been received by today.
The company is currently investigating the reasons for this delay and will inform the market as soon as more details will be available. Because of this unexpected delay:
- The presentation of the audited annual financial report 2022 planned for May 2023 needs to be postponed again. A precise timing of this publication, as well as the publication of voluntary consolidated financial statements, change of registered shares into bearer shares, and the date of the Annual General Meeting will be announced subsequent to the result of the investigation of the delay.
- The company's cash position is strained and some payments to suppliers have to be delayed. However, the largest shareholders are actively supporting the management to overcome this liquidity issue.
Contact:
ir@fox-em.com
End of Inside Information
31-May-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | fox e-mobility AG |
| Herzogspitalstraße 24 | |
| 80331 München | |
| Germany | |
| Internet: | www.fox-em.com |
| ISIN: | DE000A2NB551 |
| WKN: | A2NB55 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg |
| EQS News ID: | 1646495 |
| End of Announcement | EQS News Service |
1646495 31-May-2023 CET/CEST