Victorian Government Non-Dilutive Funding Grant Agreement

• HITIQ executed a grant agreement with the Victorian Government
• Grant supports retention and expansion of headquarters and R&D
• Grant value range is $250,000 to $1.5 million
• Agreement term is until completion or July 2031
• Supports advanced manufacturing, product innovation, and employment growth

HITIQ Limited (ASX: HIQ) has executed a Grant Agreement with the Victorian Government, providing non-dilutive funding to support the company's retention and expansion of its headquarters, manufacturing capability, and research and development (R&D) operations in Victoria. The grant value ranges from $250,000 to $1.5 million, with a minimum project cost to HITIQ of $4.9 million. The agreement aims to expand advanced manufacturing, scale production, invest in equipment, strengthen R&D, and support local and international sales expansion. HITIQ has committed to measurable objectives to receive the grant funding, and the agreement is valid until the completion of objectives or July 31, 2031.