ESGL Holdings Limited Announces Chairman and CEO's Purchase of Company Shares

SINGAPORE, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Environmental Solutions Group Holdings Limited (NASDAQ: ESGL) (“ESGL” or the “Company”), a leading carbon neutral innovative enviro-tech company regenerating industrial waste into circular products, today announced that its Chairman and Chief Executive Officer, Mr. Leng Chuang, Quek, has recently acquired 191,348 ordinary shares of the Company. These transactions, consisting of negotiated private block trades, were executed at an average price of US$0.50 per share. As a result of these acquisitions, Mr. Quek's ownership stake in ESGL will increase from 29.8% to 31.31%.

Notably, these share purchases were not part of a pre-arranged trade plan or program, demonstrating Mr. Quek's strong confidence in the Company's current and future prospects. Furthermore, Mr. Quek has expressed the potential for both himself and the management team to make additional purchases of ESGL shares in the near future. These purchases may take place through various channels, including open-market transactions, privately negotiated deals, block trades, or other legally permissible methods. The timing and scale of these purchases will be influenced by market conditions and will adhere to relevant regulatory guidelines.

In response to his recent share acquisition, Mr. Quek stated, "I am excited about leading ESGL and have full confidence in the Company's strategy, execution, and long-term potential. My commitment to the company's future development remains unwavering."

ESGL reaffirms its dedication to creating value for shareholders while upholding a strong commitment to environmental sustainability. The company continues to leverage technology and innovation to drive success, prioritize customer-centricity in all aspects of its operations, and enhance overall business and operations management.

Shareholders and prospective investors are advised to exercise prudence and caution when trading ESGL's securities. The possibility of future share purchases by Mr. Quek and the management team is not guaranteed and will depend on a variety of factors, including market conditions and adherence to regulatory requirements.

About ESGL Holdings Limited
ESGL Holdings Limited (“ESGL”) is a holding company incorporated as an exempted company under the laws of the Cayman Islands. At the forefront of driving sustainable waste management solutions, ESGL is dedicated to revolutionizing waste transformation with an emphasis on innovative technology and a commitment to preserving the environment. ESGL conducts all its operations through its operating entity incorporated in Singapore, Environmental Solutions (Asia) Pte. Ltd. For more information, including the Company’s filings with the SEC, please visit https://esgl.asia.