Bulletin from the Annual General Meeting of Terranet AB on May 23, 2025

Core Points - The annual general meeting of Terranet AB was held on May 23, 2025, in Lund, where several key resolutions were made regarding the company's financials, board elections, and capital structure [1]. Financial Resolutions - The income statement and balance sheet for the financial year 2024 were adopted [2]. - The meeting decided to allocate the profits in accordance with the board's proposal, carrying the result forward [3]. - The members of the board of directors and the CEO were discharged from liability for the financial year 2024 [4]. Board and Auditor Elections - The board of directors will consist of five members, with Torgny Hellström re-elected as chairman [5]. - Ernst & Young AB was elected as the company's auditor, with Martin Henriksson as the auditor in charge [6]. Amendments to Articles of Association - The share capital was amended to a minimum of SEK 14,500,000 and a maximum of SEK 58,000,000, and the number of shares was adjusted to a minimum of 450,000,000 and a maximum of 5,800,000,000 [8]. Share Issues - The board's resolution for a directed share issue of up to 5,461,210 units was approved, potentially increasing share capital by a maximum of SEK 1,802,199.30 [9]. - A rights issue of a maximum of 13,880,714 units was also approved, with a potential increase in share capital by a maximum of SEK 1,665,685.68 [12]. Authorization for Future Issues - The board of directors was authorized to decide on new issues of shares, warrants, and convertibles, allowing for flexibility in raising new capital [15][16]. Minor Adjustments - The board was authorized to make minor adjustments to the resolutions adopted at the annual general meeting as necessary for registration [17]. Company Overview - Terranet AB focuses on developing innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV), aiming to enhance urban traffic safety [18].