Exhibit
99.1
ESGL
and De Tomaso Automobili Launch Joint Development Program for Sustainable Advanced Automotive Materials
FOR
IMMEDIATE RELEASE
ESA
and De Tomaso Automobili Launch Joint Development Program to Pioneer Sustainable Advanced Materials for Ultra-Luxury Automotive Innovation
Singapore
– 2026 – Environmental Solutions (Asia) Pte Ltd (“ESA”), a wholly owned subsidiary of ESGL Holdings Limited
(NASDAQ: ESGL), today announced the launch of a Joint Development Program (“JDP”) with De Tomaso Automobili to research and
develop sustainable advanced automotive materials incorporating carbon nanotubes (“CNTs”).
Strategic
Business Momentum
The
Joint Development Program reflects the strategic alignment between ESGL and De Tomaso Automobili in advanced materials innovation. This
collaboration exemplifies the integration of circular economy solutions with luxury automotive performance heritage.
The
Joint Development Program further serves as a technical collaboration platform supporting the parties’ strategic alignment in advanced
materials innovation, while remaining operationally independent of any merger, acquisition, or business combination.
Focus
on Sustainable Circular Multi-Walled Carbon Nanotubes
The
Joint Development Program extends ESA’s earlier achievements, including the ongoing production of circular multi-walled carbon
nanotubes (MWCNTs) from plastic waste through its 2023 partnership with Nanomatics Pte. Ltd. The program also follows the non-binding
memorandum of understanding signed on November 26, 2025, to establish a carbon-neutral luxury race circuit in Bintan, Indonesia.
The
current initiative focuses on integrating these sustainable nanomaterials into high-performance composites. The objective is to develop
components for ultra-luxury vehicles that offer superior strength-to-weight ratios, enhanced conductivity, improved durability, and are
designed for enhanced recyclability.
Platform
for Next-Generation Materials: The De Tomaso P72
The
iconic De Tomaso P72 hypercar, featuring an advanced carbon monocoque chassis, provides a reference platform for evaluating future CNT-enhanced
material innovations.
Executive
Commentary
Lawrence
Law, Executive Director of ESA, commented:
“This
Joint Development Program advances our circular CNT expertise developed with Nanomatics, alongside De Tomaso, into practical ultra-luxury
automotive applications. By pursuing shared innovation frameworks, we aim to create durable value in sustainable high-performance materials.”
Norman
Choi, Chairman of De Tomaso Automobili Holdings Limited, added:
“Partnering
with ESA on CNT-enhanced technologies supports our vision for the future of luxury mobility — where exceptional performance meets
environmental responsibility.”
Program
Status and Disclaimers
The
Joint Development Program is exploratory in nature and remains subject to the completion of definitive agreements. There are no binding
financial, exclusivity, or commercial commitments unless such agreements are formally executed.
Subject
to definitive agreements, any intellectual property generated under the Joint Development Program is expected to be governed by standard
joint development principles, with each party retaining ownership of its respective background intellectual property.
About
ESGL Holdings Limited
ESGL
Holdings Limited (NASDAQ: ESGL) is a Singapore-based circular economy innovator committed to reducing carbon emissions for industries
across Asia. ESGL conducts all its operations through its operating entity incorporated in Singapore, Environmental Solutions (Asia)
Pte. Ltd. For more information, including the Company’s filings with the SEC, please visit https://esgl.asia.
ESGL
and De Tomaso Automobili Holdings Limited are currently progressing through the steps of an announced business combination, which remains
subject to customary closing conditions and regulatory approvals. There is no assurance that the transaction will be completed.
About
De Tomaso Automobili Holdings Limited
De
Tomaso Automobili Holdings Limited represents one of Italy’s most iconic luxury automotive marques, with a heritage dating back
to 1959. Revived with an emphasis on craftsmanship, coachbuilding, and ultra-exclusive performance vehicles, De Tomaso continues to merge
design, innovation, and tradition at the highest levels of automotive excellence.
De
Tomaso Automobili Holdings Limited and ESGL are currently progressing through the steps of an announced business combination, which remains
subject to customary closing conditions and regulatory approvals. There is no assurance that the transaction will be completed.
Forward-Looking
Statements
Certain
statements in this press release may be considered to contain certain “forward-looking statements” within the meaning of
“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. 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 and 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 Securities and Exchange Commission (“SEC”)
by ESGL and other documents that we 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 the Company and speaks only as of the date on which
it is made. The Company 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.
Investor
Relations Contact: ESGL Holdings Limited Investor Relations Department Email: ir@esgl.asia Phone: +65 6653 2299
