Resolutions passed by the Annual General Meeting of Tecnotree Corporation

Tecnotree Corporation Stock Exchange Release 7 April 2025 at 1:00 p.m.

The Annual General Meeting of Tecnotree Corporation was held today on 7 April 2025 in Helsinki. 

The Annual General Meeting confirmed the 2024 financial statements. The Annual General Meeting discharged the Board of Directors and the CEO from liability for the financial year 2024. The Annual General Meeting also approved the remuneration report of the governing bodies of the company through an advisory resolution. In addition, the Annual General Meeting resolved on the following matters:

Dividend

The Annual General Meeting resolved that a dividend of EUR 0.01 per share is paid for the financial year 2024. The dividend is paid to a shareholder who is registered in the shareholders’ register of the company held by Euroclear Finland Oy on the record date of the payment, i.e. 2 May 2025. The company will pay the dividend on 12 May 2025.

If the payment of the dividend is prevented due to applicable law, regulation or unexpected circumstances, the Board will resolve, as soon as practically possible, on a new record date and payment date.

Board of Directors

The Annual General Meeting resolved that the Board of Directors will consist of five (5) members. Mr. Neil Macleod, Mr. Johan Hammarén, Ms. Jyoti Desai, Mr. Anders Fornander and Mr. Conrad Neil Phoenix were re-elected as Board members. The Board members were elected for a term expiring at the end of the first Annual General Meeting following the election.

The Annual General Meeting resolved that the annual fee of the Chairman of the Board of Directors will be EUR 75,000, the annual fee of the Vice Chairman of the Board EUR 50,000 and the annual fee of the other members of the Board of Directors EUR 30,000. It was resolved that the members of the Board of Directors are also entitled to meeting fees as follows:

• Board meetings: EUR 2,500 per meeting for the Chairman, EUR 1,500 per meeting for the Vice Chairman, and EUR 1,000 per meeting for other Directors.
• Committee meetings: EUR 2,500 per meeting for the Chairman and EUR 1,000 per meeting for other Committee members.

All remuneration will be paid cash.

Reasonable travel expenses of the members of the Board of Directors will be reimbursed in accordance with the company's travel policy.

Auditor and sustainability reporting assurance provider

The audit firm Tietotili Audit Oy was re-elected as the company's auditor. Tietotili Audit Oy has informed the company that APA Mr. Urpo Salo will continue as the auditor with principal responsibility. The auditor’s fees will be paid according to a reasonable invoice approved by the Board of Directors.

The Authorized Sustainability Audit Firm Tietotili Audit Oy was elected as the company’s sustainability reporting assurance provider. The sustainability reporting assurance provider’s fees will be paid according to a reasonable invoice approved by the Board of Directors.

Minutes of the Annual General Meeting

The minutes of the meeting will be available on Tecnotree Corporation’s website https://sijoittajat.tecnotree.com/en/investors/corporate_governance/annual_general_meeting_2025   no later than on 21 April 2025.

TECNOTREE CORPORATION

Board of Directors

Release: wkr0006.pdf