SFC Energy AG holds successful Annual General Meeting - Mrs Sunaina Sinha
Haldea takes over as Chairwoman of the Supervisory Board

EQS-News: SFC Energy AG / Key word(s): AGM/EGM
SFC Energy AG holds successful Annual General Meeting - Mrs Sunaina Sinha
Haldea takes over as Chairwoman of the Supervisory Board

23.05.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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SFC Energy AG holds successful Annual General Meeting - Mrs Sunaina Sinha
Haldea takes over as Chairwoman of the Supervisory Board

* Annual General Meeting approves all items on the agenda

  * Election of Gerhard Schempp (re-election) and Dr Andreas Blaschke (new
    election) to the Supervisory Board

  * Supervisory Board extends Management Board contracts of Daniel Saxena
    and Hans Pol by a further 5 years

Brunnthal/Munich, Germany, 23 May 2024 - SFC Energy AG ( F3C:DE, ISIN:
DE0007568578), a leading provider of hydrogen and methanol fuel cells for
stationary and mobile hybrid power solutions, successfully held its Annual
General Meeting in presence last Thursday. Shareholders approved the actions
of the Management Board and Supervisory Board members for the past financial
year by a clear majority. All proposed resolutions were approved by the
Annual General Meeting.

In their speech, Dr Peter Podesser, CEO, and Daniel Saxena, CFO of SFC
Energy AG, looked back on a record year characterized by a significant
increase in profitability and international expansion. The Management Board
also outlined the latest developments in the current financial year,
including the best first quarter in the company's history. "Our start to the
year once again shows record figures in terms of sales and profitability.
This sustainable earnings performance is a clear differentiation for SFC
Energy in our sector," says Dr Peter Podesser.

Elections to the Supervisory Board were a key item on the agenda of the
Annual General Meeting. The terms of office of Hubertus Krossa (Chairman of
the Supervisory Board) and Gerhard Schempp (member of the Supervisory Board)
expired at the end of the Annual General Meeting, making it necessary to
elect two members. The Chairman of the Supervisory Board, Hubertus Krossa,
stepped down at the end of the Annual General Meeting after 10 years on the
Supervisory Board. Gerhard Schempp was re-elected as a member of the
Supervisory Board. Dr Andreas Blaschke was newly elected to the Supervisory
Board.

At the constituent meeting of the Supervisory Board following the end of the
Annual General Meeting, Mrs Sunaina Sinha Haldea (Global Head of Private
Capital Advisory at Raymond James Financial, Inc., London) was elected as
the new Chairwoman of the Supervisory Board of SFC Energy AG. This is the
first time that a woman has held this top position. Sunaina Sinha Haldea,
elected as the first female member of the Supervisory Board of SFC Energy AG
in 2021, has advised the company in her role as a Supervisory Board member
with her in-depth knowledge of the capital market for international growth
companies, particularly concerning global expansion and financing.

With the two newly elected and re-elected members, the Supervisory Board,
which consists of four members, is now composed as follows:

- Mrs Sunaina Sinha Haldea, Chairwoman of the Supervisory Board (Global Head
of Private Capital Advisory at Raymond James Financial, Inc., London)

- Mr Henning Gebhardt, Deputy Chairman of the Supervisory Board (Managing
Director of GAPS GmbH)

- Mr Gerhard Schempp, Member (Member of the Supervisory Board of SFC Energy
AG)

- Dr Andreas Blaschke, Member (Independent consultant for industrial
companies)

"I would also like to thank Hubertus Krossa on behalf of all employees for
his many years of trustworthy leadership and his important contribution to
the development of our company. I am equally looking forward to working with
Sunaina Sinha Haldea as Chairwoman of the Supervisory Board in the future.
At the same time, it is a great pleasure for me to welcome Gerhard Schempp
and Dr Andreas Blaschke to the Supervisory Board. Gerhard Schempp will
continue to provide us with his proven expertise in the strategic area of
public safety, which is important to us. With Dr Andreas Blaschke, we have
an expert with profound knowledge and experience in setting up global
production, sales, and corporate structures on board," says Dr Peter
Podesser, CEO of SFC Energy AG.

In the run-up to the Annual General Meeting, the Supervisory Board extended
in its meeting on 15 May 2024 the Management Board contract of Daniel Saxena
for a further five years with effect from 1 July 2024. The Management Board
contract of Hans Pol was also extended for a further five years with effect
from 1 March 2025. Daniel Saxena (CFO) has been a Management Board member
since 2020. Hans Pol (COO) has been a Management Board member of SFC Energy
AG since 2014.

Sunaina Sinha Haldea, Chairwoman of the Supervisory Board of SFC Energy AG:
"I am thrilled to start with a stable and experienced Management Board team
as Chairwoman of the Supervisory Board. This ensures continuity and
reliability at the top of the company to continue SFC's growth story.'

Further information on the 2024 Annual General Meeting and the detailed
voting results are available on the company website in the Investor
Relations section at sfc.com.


About SFC Energy AG
SFC Energy AG ( www.sfc.com) is a leading provider of hydrogen and methanol
fuel cells for stationary, portable and mobile hybrid power solutions. With
the Clean Energy and Clean Power Management business segments, SFC Energy is
a sustainably profitable fuel cell producer. The Company distributes its
award-winning products worldwide and has sold more than 65,000 fuel cells to
date. The Company is headquartered in Brunnthal/Munich and has operating
subsidiaries in Canada, India, the Netherlands, Romania, the United Kingdom,
and the United States of America. SFC Energy AG is listed on the Deutsche
Boerse Prime Standard and has been part of the selection index SDAX since
2022 (GSIN: 756857, ISIN: DE0007568578).

SFC Investor Relations and Press:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 03-33
Email: susan.hoffmeister@sfc.com
Web: sfc.com


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   Language:       English
   Company:        SFC Energy AG
                   Eugen-Sänger-Ring 7
                   85649 Brunnthal-Nord
                   Germany
   Phone:          +49 (89) 673 592 - 100
   Fax:            +49 (89) 673 592 - 169
   E-mail:         ir@sfc.com
   Internet:       www.sfc.com
   ISIN:           DE0007568578
   WKN:            756857
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1909115

End of News EQS News Service
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1909115 23.05.2024 CET/CEST