Financial Results Announcement - Westport Fuel Systems Inc. will release Q2 2025 financial results on August 11, 2025, after market close [1] - A conference call and webcast to discuss the financial results will be held on August 12, 2025, at 10:00 a.m. ET [2] Light-Duty Divestment Transaction Update - The company reaffirms its commitment to the sale of its Light-Duty Segment to Heliaca Investments, with the closing expected in July 2025 [3] - The revised timeline for the transaction reflects an updated regulatory review process [3] Company Overview - Westport Fuel Systems is a leading supplier of advanced fuel delivery components for clean, low-carbon fuels, serving the global transportation industry [4] - The company operates in approximately 70 countries and is headquartered in Vancouver, Canada [4]

Core Points - Westport Fuel Systems Inc. held its Annual General and Special Meeting of Shareholders virtually, where all resolutions were approved, including the election of directors and the sale of Westport Fuel Systems Italia S.r.l [1][2]. Summary by Category Election of Directors - All nominated directors were approved with varying levels of support: - Michele Buchignani: 81.22% votes for - Anthony Guglielmin: 87.16% votes for - Daniel M. Hancock: 61.47% votes for - Daniel Sceli: 91.10% votes for - Karl-Viktor Schaller: 61.28% votes for - Eileen Wheatman: 81.43% votes for [2]. Appointment of Auditors - KPMG LLP was appointed as the Company's auditors for the fiscal year with 93.83% votes for [2]. Executive Compensation - The advisory vote on executive compensation received 52.87% agreement [2]. Sale of Subsidiary - The sale of Westport Fuel Systems Italia S.r.l was approved with 83.38% votes for [2]. Company Overview - Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels, serving approximately 70 countries globally [3].

Core Viewpoint - Westport Fuel Systems Inc. has entered into lock-up agreements with shareholders representing approximately 2.0 million shares, or 11.4% of the outstanding shares, to support the sale of Westport Fuel Systems Italia S.r.l. [1][2] Transaction Overview - On March 31, 2025, Westport announced a binding agreement to sell its interest in Westport Fuel Systems Italia S.r.l., which includes the Light-Duty segment, to Heliaca Investments Coöperatief U.A. [3] - The base purchase price for the transaction is $73.1 million (€67.7 million), with potential earnouts of up to $6.5 million (€6.0 million) based on certain conditions [4] - The transaction is subject to shareholder approval and customary closing conditions, expected to close in late Q2 of 2025 [5] Financial Implications - Proceeds from the transaction are anticipated to enhance Westport's financial stability and support growth initiatives focused on decarbonizing mobility and industrial applications [6] - Post-closing, Westport plans to align its cost structure to reflect a smaller, more efficient organization while seeking further efficiency gains [6] Company Background - Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels, serving approximately 70 countries [7]