At its meeting on March 15, 2023, Hopium's Board of Directors unanimously decided to co-opt Alain Guillou as an independent director and to appoint him as the new Chairman of Hopium's Board of Directors, replacing Jean-Baptiste Djebbari. The company will propose to the shareholders to ratify this cooptation at the next general meeting for the remaining term of office of Jean-Baptiste Djebbari, i.e., until the general meeting called to approve the financial statements for the year ending December 31, 2024.

The Board of Directors thanked Jean-Baptiste Djebbari for his involvement and energy, which have enabled Hopium to increase its national and international visibility and lay the foundations of an organization that aims to take the company from a start-up to an industrial company.

Mr. Alain Guillou is an engineer with nearly 40 years of experience in the state and industrial defense sector, notably within the Naval Group, where he held the position of Deputy General Manager in charge of international development and R&D activities, particularly the project to develop an anaerobic propulsion system for submarines, based on a hydrogen fuel cell.

Alain Guillou's mission will be to support Hopium in the following industrial and commercial stages of its development, drawing on his previous responsibilities in the industrialization of innovative products, industrial partnerships, marketing, purchasing, information systems, operational excellence, and human resources.

The Board of Directors will also be able to rely on Alain Guillou's extensive experience in governance as a former director of international companies, to monitor the roadmap and ensure the proper organization of the Board's work. This appointment will also allow the Board to benefit from his high-level insight on many strategic decisions to be taken.

Hopium has set itself the goal of achieving profitability within four years. Accordingly, it has reviewed its management team and, alongside the Machina car, has made fuel cells a significant focus of its industrial strategy. The group is now deploying in two dimensions: Hopium Technologies (which develops the fuel cell and its power and cooling system, BtoB oriented) and Hopium Automotive (hydrogen car manufacturer, BtoC oriented).