VivoPower Enters Heads of Agreement with KOSDAQ Listed KWeather to Launch Initial US$5 Million XRP Focused Digital Asset Reserve & WeatherCoin Tokenization Project in South Korea

KWeather is South Korea’s largest weather data company, founded in 1997 and publicly listed since 2024 KWeather’s objective is to be the first and only publicly listed South Korean company providing exposure to XRP and Ripple Labs shares VivoPower will have 2 out of 5 representatives on KWeather’s board and become its 2nd largest shareholder with ~20% stake in the company Vivo Federation, VivoPower’s newly launched digital assets division, will be KWeather’s exclusive crypto and tokenization partner to launch the world’s first WeatherCoin token for climate risk management KWeather’s digital asset treasury strategy is to grow its underlying XRP holdings, systematically buying VivoPower shares with proceeds from capital raisings LONDON, Nov. 03, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") today announced that it has signed an exclusive heads of agreement with Kweather Co., Ltd., a KOSDAQ-listed company (“KWeather”). The heads of agreement is non-binding, and the parties are working towards a definitive agreement by 30 November 2025. VivoPower, through its Vivo Federation division, plans to invest US$5 million in exchange for a ~20% stake in KWeather. KWeather plans to use the funds to buy VivoPower shares and become South Korea’s first and only company to provide exposure to XRP and potential Ripple Labs. Together, the companies plan to launch the world’s first WeatherCoin (weather derivative instrument) for applications including climate risk management. VivoPower recently launched Vivo Federation, its global digital asset and blockchain solutions division, to extend and replicate its Digital Asset Treasury (DAT) strategy beyond the U.S. Vivo Federation is pursuing strategic acquisitions of public companies outside the U.S. to build a global network of entities aligned with VivoPower’s vision for decentralized, impact-driven finance. Through these acquisitions, Vivo Federation aims to develop blockchain-based treasury, payment, and tokenization platforms that support clean energy, digital infrastructure, and sustainability projects worldwide. Established in 1997 and listed on KOSDAQ since 2024, KWeather is the largest company providing weather data in South Korea and holds approximately 90% of the market share in the weather industry. Its core business comprises weather and air data as a service (DaaS) and air measurement and improvement solutions. Dong Sik Kim, CEO of KWeather, said: “We are honored to partner with VivoPower to launch our XRP-focused digital asset and blockchain division. We also look forward to welcoming Adam Traidman, former Ripple Labs board member, to our board of directors. With this strategy, we would be the first and only publicly listed company in South Korea to offer shareholders the opportunity to gain exposure to XRP and potentially Ripple Labs shares. Importantly, Mr. Kevin Chin and I share a common vision with regard to blockchain applications and tokenization.” Kevin Chin, Executive Chairman of VivoPower, said: “We are delighted to be entering into this partnership with KWeather and look forward to being substantial shareholders and contributing value via our two board seats. South Korea is a strategically important market for Vivo Federation, given that the South Korean people are the largest holders of XRP by number and value in the world. Aside from Mr. Kim’s strategic acuity, what was very appealing to us about KWeather is its rich data set accumulated over many decades in relation to weather and air. Beyond the XRP-focused digital asset reserve, we are looking forward to building the WeatherCoin token together as a tool for risk management, amongst other use cases.” The partnership is subject to VivoPower and KWeather entering into a definitive agreement and customary closing conditions. There can be no assurance as to any final terms or as to when or if any definitive agreement will be entered into. About KWeather Established in 1997 and listed on KOSDAQ since 2024, KWeather is the largest company in South Korea providing climate risk management solutions. Its core business comprises weather and air data as a service (DaaS) and air measurement and improvement solutions. KWeather was the first private meteorological company in South Korea and the longest-established player in the country's private weather and air quality data industry. It has transitioned from being a traditional weather information provider to a comprehensive "weather and air big data platform" company. About VivoPower VivoPower International PLC (NASDAQ: VVPR) is a sustainability-driven enterprise undergoing a digital asset transformation. The Company’s new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications. Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications, as well as ancillary financing, charging, battery, and microgrid solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining. Forward-Looking Statements This communication includes certain statements that may constitute "forward-looking statements" for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower's management's current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower's business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower's filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise. Contact Shareholder Enquiriesshareholders@vivopower.com

VivoPower Enters Heads of Agreement with KOSDAQ Listed KWeather to Launch Initial US$5 Million XRP Focused Digital Asset Reserve & WeatherCoin Tokenization Project in South Korea

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