IQ International : Cantonal Court of Zug Granted Definitive Composition Moratorium Proceedings Re IQ International AG

Zug/Switzerland - 22 November 2021 - iQ International AG (ISIN CH0451424300 / WKN A2PAA5 /

Symbol IQL), a multinational sustainable technology company publicly traded at the General Standard of the Frankfurt Stock Exchange with its global head office in Zug, Switzerland and North American headquarters in Phoenix, Arizona (the "Company"), announced on November 12, 2021 that the Cantonal Court of Zug, Switzerland Granted Definitive Composition Moratorium Proceedings Re IQ International AG.

The Cantonal Court of Zug, Switzerland ruled that the definitive composition moratorium

proceedings in respect of iQ International AG will be granted as requested. The Company decided to file for 'Definitive Moratorium' to allow more time than the earlier Provisional Moratorium to complete its debt restructuring efforts through the sale of iQ Power AG and associated battery technology assets, and the amalgamation with TerraScale - to be concluded through a future EGM vote.

During the Definitive Moratorium, the process will be similar to the Provisional Moratorium with the main difference being the Court appointed Commissioner's direct communication to creditors through public announcement with individual notice to file their adjusted claims. This public communication is held in an effort to confirm the existing acceptable settlement terms for all debt through the proceeds of the sale of the Company's assets of its subsidiary iQ Power AG and intellectual property owned directly by the Company. It is important to note that during the Moratorium proceedings, the settlement of claims, the incurring of new liabilities and the sale of assets will require the consent of the definitive commissioner for the duration of the definitive composition proceedings; the sale of assets will also require the consent of the court.

Management also wanted to inform shareholders that as of two weeks ago (previously announced through a Director Dealings statement), the Chairman, Mr. George Weiss and a connection of his provided the Company with further interim capital for a total amount of 100,000 USD. Due to this further commitment of interim capital, the Company further believes that it has secured additional interim capital via loans totaling approximately 150,000 USD, subject to certain limitations, as well as other concessions from the Company's senior secured lender which should allow the Company to have sufficient time to continue to pursue its restructuring efforts for the benefit of all constituencies.

About iQ International

iQ International AG is a multinational sustainable technologies company listed at the General Standard of the Frankfurt Stock Exchange. The Company owns a world-leading IP portfolio that enhances battery performance and production efficiency, and manufactures/distributes highly efficient lead-acid batteries that meet the increased need for cycle life in today's global automotive and storage markets. Its Advanced Battery Factory (ABF) technologies together with the award winning innovative 360° Mixing battery technology is used to create superior, long-lasting, OEM approved Starting-Lighting-Ignition (SLI) batteries in a cheaper, faster, and cleaner fashion versus current industry leaders. Batteries with iQ International AG technologies are designed to generate better performance in today's highly electrified vehicles, particularly vehicles with the Start-Stop function, and in demanding storage/auxiliary applications. The Company's technologies have the potential to reduce the carbon footprint of the transportation industry, helping car makers meet the emissions reduction mandates, as well as manufacture, develop and recycle a battery at a significantly emissions reduced level than the current industry leaders. - For more information on iQ International, please visit: https://www.iqint.com/