ESGL Chairman and CEO Increases Ownership to 8.2% Through $2.25 Per Share Acquisitions

Rhea-AI Summary

ESGL Holdings Limited (NASDAQ: ESGL) announced that Chairman and CEO Quek Leng Chuang has increased his ownership stake to 8.2% through the acquisition of 336,134 ordinary shares at $2.25 per share via private transactions. The purchase demonstrates management's confidence in the company's long-term strategy and performance. Other officers and directors may consider additional share purchases through private or open market transactions. Meanwhile, ESGL continues to progress with its previously announced business combination with De Tomaso Automobili, a luxury performance car brand, which is currently undergoing regulatory and shareholder approval processes.

Positive

• CEO increases ownership stake to 8.2%, demonstrating confidence in company's future
• Share purchases made at $2.25 per share, showing management's valuation perspective
• Additional share purchases by officers and directors may follow
• Business combination with De Tomaso Automobili progressing as planned

Negative

• None.

Acquires 336,134 Shares via Private Transactions; Officers May Consider Additional Purchases

SINGAPORE, June 09, 2025 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL), a leading provider of sustainable waste management and circular chemical solutions, today announced that its Chairman and Chief Executive Officer, Mr. Quek Leng Chuang, has acquired 336,134 ordinary shares of ESGL at an average purchase price of $2.25 per share. The shares were acquired through private transactions. This increases Mr. Quek’s total ownership in the company to approximately 8.2%.

This acquisition reflects Mr. Quek’s confidence in the company’s long-term strategy and performance. It also underscores ESGL’s commitment to aligning leadership interests with shareholder value creation.

The company further notes that other officers and directors may, from time to time, consider acquiring additional shares through private transactions or open market purchases, in accordance with applicable securities laws and insider trading policies.

In parallel, ESGL continues to advance its proposed business combination with De Tomaso Automobili, a luxury performance car brand. The transaction, previously announced, is progressing through the required regulatory and shareholder approval processes. Upon completion, the combination is expected to enhance ESGL’s portfolio and long-term growth strategy.

About ESGL Holdings Limited
ESGL Holdings Limited (NASDAQ: ESGL) is a Singapore-based leader in sustainable circular solutions for the chemicals, electronics, and manufacturing sectors. Through its proprietary technology and ESG-first strategy, ESGL transforms waste into high-value circular products, enabling a low-carbon and resource-efficient future.

Forward-Looking Statements
Certain statements in this press release may be considered to contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “target,” “believe,” “expect,” “will,” “shall,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” “forecast,” “intend,” “plan,” “project,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters.

Examples of forward-looking statements include, among others, statements made in this press release regarding ESGL’s expectations with respect to future performance, management share purchases, and the proposed business combination with De Tomaso Automobili. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on ESGL management’s current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict—many of which are outside of our control. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements.

A further list and description of risks and uncertainties can be found in documents filed with the SEC by ESGL and other documents that ESGL may file or furnish with the SEC, which you are encouraged to read. Any forward-looking statement made by us in this press release is based only on information currently available to ESGL and speaks only as of the date on which it is made. ESGL undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise, except as required by law.

No Assurances

There can be no assurance that the proposed business combination will be completed, nor can there be any assurance, if the proposed business combination is completed, that the potential benefits of the business combination will be realized.

Investor & Media Contacts
ESGL Holdings Limited
Investor Relations: ir@esgl.asia
Website: www.esgl.asia

FAQ

How many shares did ESGL's CEO purchase and at what price?

ESGL's CEO Quek Leng Chuang purchased 336,134 ordinary shares at an average price of $2.25 per share through private transactions.

What is the current ownership percentage of ESGL's CEO after the recent purchase?

After the recent share acquisition, CEO Quek Leng Chuang's total ownership in ESGL increased to approximately 8.2%.

Who is ESGL planning to merge with?

ESGL is advancing its proposed business combination with De Tomaso Automobili, a luxury performance car brand.

Are other ESGL officers planning to purchase shares?

The company indicated that other officers and directors may consider acquiring additional shares through private transactions or open market purchases.

What does ESGL Holdings Limited do?

ESGL Holdings Limited is a provider of sustainable waste management and circular chemical solutions.