Report of Loss according to §92 1 AktG: Individual financial statements 2023 of OTI Greentech AG burdened by amortization of goodwill. Equity falls below 50% of the nominal amount.

Publication of inside information pursuant to Article 17 MAR

Report of Loss according to §92 1 AktG: Individual financial statements 2023 of OTI Greentech AG burdened by amortization of goodwill. Equity falls below 50% of the nominal amount.

Berlin, July 17, 2024 - OTI Greentech AG (ISIN DE000A2TSL22), an international provider of innovative and sustainable chemical products and services for industry, listed on the Düsseldorf Stock Exchange, has announced with the approval of the separate financial statements (listed parent company of the OTI Greentech AG Group) that impairments on financial assets in the amount of EUR 3.4 million are necessary for the 2023 financial year. The write-downs relate to the subsidiary KMI Cleaning Solutions in the USA at around EUR 2.6 million and the Swiss subsidiary OTI Innovative Solutions at around EUR 850 thousand. On the other hand, the subsidiary UNIservice/UNIsafe in Italy was written up by EUR 1.0 million. Overall, this resulted in an impairment of EUR 2.4 million, which had an impact on the balance sheet but did not affect liquidity.

As a result of this devaluation, the company's equity now amounts to EUR 2.47 million (previous year: EUR 5.18 million) and is therefore less than 50 % of the nominal amount.

The company has scheduled the Annual General Meeting for the 2023 financial year for September 5, 2024 and will report the loss amounting to half of the share capital at this meeting. The invitation to this Annual General Meeting will be sent out in good time. Detailed information on the development of the individual company's equity will then be provided at this Annual General Meeting.

The individual financial statements for 2023 are published on the company's website in the Investor Relations section (www.oti.ag/investor-relations).