SINGAPORE, Sept. 08, 2025 — ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL”), a sustainability-focused holding company, announced today the extension of its merger agreement with De Tomaso Automobili (“De Tomaso”), a heritage ultra-luxury performance automobile brand. This extension highlights both companies’ ongoing commitment to finalizing the proposed business combination. The revised merger agreement now sets a long stop date of 31 October 2025.
The merger is presently undergoing the latter stages of Nasdaq review and is expected to close swiftly once Nasdaq approval is received.
“We are fully aligned with De Tomaso and mutually dedicated to completing this transformative merger,” stated Quek Leng Chuang, CEO of ESGL. “This business combination offers a unique chance to generate long-term shareholder value.”
“De Tomaso fully supports our collaboration with ESGL,” commented Norman Choi, CEO of De Tomaso Automobili. “This extension demonstrates our shared resolve to finalize the merger and collectively establish a robust, value-oriented public company.”
The extended duration of the merger agreement confirms both parties’ intention to move forward with the closing and realize new growth prospects as a unified entity.
About De Tomaso Automobili
Established in 1959 by Alejandro de Tomaso, De Tomaso is a renowned Italian luxury sports car producer recognized for legendary models like the Pantera, Mangusta, and Vallelunga. Recently revitalized under new stewardship, De Tomaso is dedicated to artisanal, coachbuilt production, crafting limited-edition vehicles that combine timeless design with contemporary performance.
About ESGL Holdings Limited
ESGL Holdings Limited operates as a Singapore-based carbon-neutral enviro-tech firm, focused on converting industrial waste into circular products. Committed to sustainable waste management solutions, ESGL stands as a prominent entity within the environmental solutions sector. All of ESGL’s operations are conducted via its Singapore-incorporated operating entity, Environmental Solutions (Asia) Pte. Ltd. For further details, including the Company’s SEC filings, please visit .
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Forward-Looking Statements
Certain statements within this press release may be deemed to constitute “forward-looking statements” as defined by the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identifiable by terms like: “target,” “believe,” “expect,” “will,” “shall,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” “forecast,” “intend,” “plan,” “project,” and other analogous expressions that predict or signify future events or trends, or that are not statements of historical fact. Forward-looking statements are neither historical facts nor guarantees of future performance. Rather, they are founded solely on ESGL management’s current beliefs, expectations, and assumptions. As forward-looking statements pertain to future events, they are subject to inherent uncertainties, risks, and shifts in circumstances that are challenging to foresee and many of which lie beyond our influence. Actual results and outcomes could materially diverge from those expressed in the forward-looking statements. Consequently, reliance should not be placed on any of these forward-looking statements.
A comprehensive list and explanation of risks and uncertainties are available in documents filed with the Securities and Exchange Commission (“SEC”) by ESGL, as well as other documents we may file or furnish with the SEC, which readers are advised to review. Any forward-looking statement presented by us in this press release is predicated solely on information presently at the Company’s disposal and is valid only as of its stated date. The Company assumes no obligation to publicly update any forward-looking statement, whether written or verbal, that may be issued periodically, whether due to new information, future developments, or otherwise, except where legally mandated.
