EQS-News: Ad Hoc Announcement dated 19 March 2024 pursuant to section 16 of the BX Swiss Listing Rules

Supplement to the ad hoc announcement of 15 March 2024 and the publication of the annual report for the 2022 financial year of ESGTI AGHünenberg, 19.03.2024 - ESGTI AG (ticker: ESGTI) published its audited annual report for the 2022 financial year late on 15 March 2024. This is available online at www.esgti.com.
In their audit report, the auditors came to the conclusion that the company is currently not a going concern, as the company is currently experiencing liquidity difficulties and was unable to sufficiently demonstrate to the auditors how it can resolve these liquidity difficulties in the foreseeable future. Accordingly, the auditors are still of the opinion that the annual financial statements must be prepared on the basis of liquidation values, which leads to a lower valuation of the assets. This in turn may lead to an overindebtedness situation in accordance with Art. 725b of the Swiss Code of Obligations. The Board of Directors of ESGTI AG does not share the opinion of the auditors.

Translated with DeepL.com (free version)
Contact
Andreas R. Bihrer, Chairman
E-Mail: investors@esgti.com, Tel.: + 41 44 366 40 31
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About ESGTI Ltd.
ESGTI is a Swiss public group of companies operating in the fields of agribusiness and agritech, infrastructure, green and alternative energy and environmental technologies. ESGTI shares are listed on BX Swiss.