Current Report No. 35/2026 of July 24, 2026

The Management Board of VIGO Photonics S.A., with its registered office in Ożarów Mazowiecki (the "Company" or the "Issuer"), referring to the decision of the Ministry of Commerce of the People's Republic of China dated July 24, 2026, as a result of which the Issuer was added to the list of entities subject to a prohibition on the export of dual-use items from China, hereby presents the results of a preliminary analysis regarding the impact of the aforementioned decision on the Company's current operations and growth prospects.

Based on a preliminary analysis of the types of goods and materials imported from China, the Management Board assesses that the decision of China's Ministry of Commerce will not have a critical impact on the Issuer, in particular:

- The aforementioned decision will have no impact on revenues and profits related to the production and sale of infrared detectors and infrared modules, including the prospects for further development of this segment. The only dual-use product sourced from China within this segment was substrates for the production of semiconductor layers, essential for infrared detector manufacturing. Aware of this risk, the Company has for several years ordered this type of substrate primarily from suppliers in Japan and Europe who are capable of meeting its entire demand. Additionally, the Company holds more than a one-year supply of these materials, securing the continuity of infrared detector and module production.

- The aforementioned decision will have no impact on planned revenues and profits from the production and sale of infrared arrays for military applications. The Company has alternative substrate suppliers (from Japan and Europe) necessary for the production of semiconductor layers used in infrared arrays. The Company's current non-Chinese suppliers are able to cover its full demand for substrates required for array production.

- The aforementioned decision may impact operations in the semiconductor materials segment, given that the Issuer will have limited access to InP substrates necessary for the volume production of many types of semiconductor layers manufactured for third-party clients. According to the Issuer's estimates, approximately half of the revenue in this segment was generated using substrates previously supplied from the Chinese market. The Company has an alternative supplier of these substrates in Europe; however, due to its limited production capacity, the Issuer's demand may not be fully satisfied. Revenues from the semiconductor materials segment accounted for approximately 8.8% of the Company's revenues in 2025.

In accordance with Chinese regulations, despite the Issuer's inclusion on the list of entities subject to the export ban on dual-use items, obtaining deliveries from China remains possible subject to obtaining an appropriate export license. In the past, the Company's suppliers have successfully secured such permits. The Issuer will request its suppliers to apply for the required export licenses.

Should any additional information be obtained or additional risks identified, the Issuer will promptly report them in a subsequent current report.

Legal basis: Article 17(1) of the MAR Regulation – inside information.