Advanced SolTech Sweden

Adoption of income statement and balance sheet

The Annual General Meeting approved the income statement and balance sheet for the parent company as well as the consolidated income statement and consolidated balance sheet for the 2023 financial year.

Disposition of results

The Annual General Meeting resolved that no dividend shall be paid for the 2023 financial year and that the accumulated profit be transferred to a new account in accordance with what appears from the administration report.

Board of Directors and CEO

The Annual General Meeting granted the Board members and the President discharge from liability for the 2023 financial year.

The Annual General Meeting re-elected the Board members Frederic Telander, Stefan Ölander, Ben Wu, Gang Bao and Patrick de Muynck. Frederic Telander was re-elected as the Chairman of the Board.

Vivianne Holm declined re-election for the forthcoming term.

Auditors

The Annual General Meeting resolved to re-elect the registered auditing company Ernst & Young AB. The auditing firm has announced that they intend to appoint authorized public accountant Anders Rodéhn as auditor in charge.

Board and auditor fees

The Annual General Meeting resolved that board fees shall be paid in the amount of SEK 400,000 to the Chairman of the Board and SEK 200,000 each to the other Board members. However, a board member who is reimbursed due to employment, in the parent company or any of its subsidiaries, shall not receive any board fees.

The Annual General Meeting resolved that the auditor’s fees shall be in accordance with approved account.

Other proposals and decisions

The Annual General Meeting resolved to approve the Board’s proposal in accordance with the notice of:

• Renewed authorization to the Board of directors to decide on new issues of shares and/or convertibles and/or warrants.
• Long-term incentive program ("LTIP 2024/2026 I") for key employees
• Long-term incentive program ("LTIP 2024/2026 II") for members of the board of directors