Annual General Meeting 2021

Today, on June 3rd, the Annual General Meeting of Flowscape Technology AB (publ) was held. Below is a summary of the decisions made. The decisions were made with the required majority.

Approval of income statements, balance sheets, appropriation of the company's retained earnings.

The Annual General Meeting decided to approve the balance sheet, income statement, consolidated balance sheet, and consolidated income statement. The Annual General Meeting decided to allocate the retained earnings to a new account.

Discharge of liability for the members of the Board of Directors and the CEO.

The Annual General Meeting decided to grant discharge of liability to the members of the Board of Directors and the CEO for the financial year 2020.

The Annual General Meeting decided, in accordance with the proposal of the nomination committee, that the Board of Directors shall consist of four (4) board members without deputy board members, and to appoint one (1) registered audit firm without a deputy. The meeting further decided, in accordance with the proposal of the nomination committee, that the remuneration for the Board of Directors shall be SEK 120,000 for the Chairman of the Board and SEK 60,000 each for the other board members who are not employed within the group. Thus, the total remuneration for the Board of Directors will amount to SEK 240,000 for the upcoming financial year.

Election of Board of Directors and auditor

The Annual General Meeting decided, in accordance with the proposal of the nomination committee, to re-elect Urban Fagerstedt, Johan Hägerlöf, Peter Reigo, and Henrik Tjernberg as board members. Henrik Tjernberg was re-elected as Chairman of the Board.

The meeting further decided, in accordance with the proposal of the nomination committee, to re-elect Öhrlings PricewaterhouseCoopers AB as the company's auditor. Öhrlings PricewaterhouseCoopers AB has announced that authorized auditor Henrik Boman will continue to be the principal auditor.

Authorization for the Board of Directors to decide on the issuance of new shares

The Board of Directors received authorization from the Annual General Meeting to, until the next ordinary Annual General Meeting, with or without deviation from the shareholders' pre-emptive rights, on one or more occasions, decide on the issuance of shares for cash payment, or with payment through contribution in kind or by set-off. The authorization covers a maximum of 180,000,000 shares, and in the event of an issuance without pre-emptive rights for the shareholders, the subscription price shall be determined at market conditions.

The purpose of the authorization and the reasons for any deviation from the shareholders' pre-emptive rights are to broaden the Company's shareholder base by offering financial and industrial investors to invest in the Company, as well as to increase the Company's financial flexibility and the Board's room for maneuver in financing and enabling continued expansion.

Stockholm in June 2021
Flowscape Technology AB (publ)
The Board of Directors