AQ Group

The Board of Directors of AQ Group AB has decided to propose that the Annual General Meeting 18 April 2024 resolves to divide each share into five shares (Share split 5:1) and thereby increase the number of shares five times.

The purpose of the division of shares is to achieve an appropriate number of shares for the company.

The complete proposal will be included in the notice to the Annual General Meeting 2024, which will be published this day.

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For further information, please contact:

CEO and IR, James Ahrgren, tel. +46 76 052 58 88 or CFO, Christina Hegg, tel. +46 70 318 92 48

This is information that AQ Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by James Ahrgren at 10:00 CET on March 15, 2024.

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AQ is a global manufacturer of components and systems to demanding industrial customers and is listed on Nasdaq Stockholm's main market. The Group consists mainly of operating companies each of which develop their special skills and in cooperation with other companies, striving to provide cost effective solutions in close cooperation with the customer.

The Group headquarter is in Västerås, Sweden. AQ has 8,000 employees in Bulgaria, Poland, Lithuania, Sweden, China, Estonia, Hungary, Mexico, Finland, India, Canada, USA, Germany, Italy, and Brazil. In 2023 AQ had net sales of SEK 9 billion, and the Group has since its start in 1994 shown profit every quarter.

www.aqgroup.com