Circus SE: Memorandum of Understanding concluded in China

EQS-Ad-hoc: Circus SE / Key word(s): Expansion
Circus SE: Memorandum of Understanding concluded in China

12-Jun-2024 / 11:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Circus SE: Memorandum of Understanding concluded in China

Hamburg, June 12, 2024 - Circus SE today signed a Memorandum of
Understanding ("MoU") with Beijing University Food Raw Material Joint
Procurement Center for the potential supply of 5,400 Circus Autonomy One
(CA-1), Circus Group's self-developed food production robot. The Beijing
University Food Raw Material Procurement Center is a Chinese public welfare
platform responsible for the procurement of raw materials for the food
supply of university canteens at over 90 universities in Beijing.

This would achieve the previously announced plan to enter the Asian market.
The MoU is an important intermediate step in the ongoing discussions with
potential customers published in the ad hoc announcement of May 14, 2024,
and at the same time the first step towards the announced market entry in
Asia. This is a non-binding preliminary agreement in which the parties agree
on the key terms of the intended collaboration. The next steps are further
negotiations and initial product tests at one or more educational
institutions in Beijing this year and next. If the tests are successful and
final contracts are concluded, significant revenue can be expected in the
medium term. The potential revenue from these final contracts could lead to
cumulative revenue in the low single-digit billion euro range over a period
of several years. The company is currently in talks with other potential
customers in various countries.

Contact:

Circus SE
Nikolas Bullwinkel
Founder & CEO
Hongkongstrasse 6
20457 Hamburg
Germany
Email: ir@circus-group.com


End of Inside Information

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   Language:       English
   Company:        Circus SE
                   Hongkongstrasse 6
                   20457 Hamburg
                   Germany
   E-mail:         ir@circus-group.com
   Internet:       https://www.circus-group.com/investors
   ISIN:           DE000A2YN355
   WKN:            A2YN35
   Listed:         Regulated Unofficial Market in Frankfurt, Munich
                   (m:access)
   EQS News ID:    1923575

End of Announcement EQS News Service
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1923575 12-Jun-2024 CET/CEST