Financing agreement signed for CIMC-Hexagon joint venture

23 Mar 2026 12:09 CET

(Oslo, Norway, 23 March 2026) Hexagon Purus ASA ("Hexagon Purus" or the
"Company"), a world leading manufacturer of zero-emission mobility and
infrastructure solutions, has through one of its wholly owned subsidiaries
entered into a financing agreement for the Chinese joint venture with the
Company's joint venture partner, CIMC Hydrogen Energy Technology LTD ("CIMC
Enric").

Under the financing agreement, CIMC Enric will provide funding for the joint
venture in 2026 in exchange for a higher ownership share in the joint venture.
This arrangement aims at minimizing Hexagon Purus' cash outflow to the joint
venture, while ensuring continued operations and market presence in China. As
part of the financing agreement, Hexagon Purus will retain the right to re-
establish its original ownership level at a later point in time. "This agreement
should be viewed as part of our ongoing business portfolio review and marks an
important step to further improve capital efficiency", says Morten Holum, CEO of
Hexagon Purus.

The Chinese market remains strategically important for Hexagon
Purus, representing the largest global market for hydrogen-related mobility and
infrastructure solutions. Operationally, the CIMC-Hexagon joint venture
has remained focused on adapting its operating model to current market
conditions and working to secure certification for the Chinese market. In
addition, the parties have agreed on simplifying the JV structure, with
the objective of improving cost efficiency, execution speed, and competitiveness
in the Chinese market.

For more information:
Mathias Meidell, IR Director, Hexagon Purus ASA
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com

About Hexagon Purus ASA
Hexagon Purus enables zero emission mobility for a cleaner energy future. The
company is a world leading provider of hydrogen Type 4 high-pressure cylinders
and systems, battery systems and vehicle integration solutions for fuel cell
electric and battery electric vehicles. Hexagon Purus' products are used in a
variety of applications including light, medium and heavy-duty vehicles, buses,
ground storage, distribution, refueling, maritime and rail.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on X and LinkedIn.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

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