Board Member Mr. Juan Carlos Del Rio takes over as CEO of Inzile with immediate effect. Mr. Juan Carlos Del Rio has an international background with a broad and thorough experience from the US financial markets. His main mission will be to expand the international activity of the Inzile group, with a special focus on QEV Tech Holding, which will be renamed EVI Mobility.

Mr. Juan Carlos del Rio will remain Member of the Board. EVI Mobility is going to develop a new facility for the production, assembly and marketing of the EVI vehicle, Inzile's new platform, which will be produced in Spain, due to cost efficiency and the high existing European and Spanish subsidies. Additionally, Mr. Juan Carlos del Rio will be responsible for the area of investors and global strategy, with support of the current CFO, Mr. Peter Wergens.