Liquidation
The Board of Directors of the Company has decided to propose that the extraordinary general meeting resolve that the Company shall enter into voluntary liquidation pursuant to Chapter 25, Section 3 of the Swedish Companies Act.

A resolution on liquidation is valid if it has been supported by shareholders with more than half of the votes cast at the general meeting.

Delisting
The Board of Directors of the Company has decided to propose that the extraordinary general meeting resolve to delist the Company's shares from Nasdaq First North Growth Market (the ‘Marketplace’) in accordance with II.1.B) of the Rules on delisting of shares at the issuer's initiative issued by the Swedish Securities Council's Self-Regulatory Committee (ASK).

A decision on delisting is valid if it has been supported by shareholders representing at least nine-tenths (9/10) of both the votes cast and the shares represented at the general meeting and, if there is a shareholder who, together with related parties, controls at least three-tenths (3/10) of the votes in the company, that a majority of all other votes in the company do not vote against the proposal.

Background and Motivation
In its continuous evaluation of the Company's operations and financial position, including but not limited to investigating the possibilities of finding an international buyer of the Company’s business operations, the board of directors has concluded that there is no longer a sufficient basis for the continuation of the operations up until a successful exit. This conclusion is in particular taking into consideration the current level of working capital and that the board of directors foresee no realistic assumptions for the company to carry out such additional capital increase as it would be necessary to continue the operations pending a successful exit.

It is the board of directors’ opinion that an orderly winding up of the business through voluntary liquidation is the best way to ensure that as much of the company's remaining value as possible can be distributed to the shareholders.

As previously mentioned, the board of directors of the Company has concluded that there are no longer sufficient conditions for continuing operations. Listing the Company's shares entails high demands on disclosure, financial reporting and regulatory compliance, which is both time-consuming and costly. In the Board's opinion, these costs are not reasonably proportionate to the benefits, either for the Company or for the shareholders, in connection with a liquidation process. Provided that the Company's general meeting decides on voluntary liquidation, the board considers that it is no longer financially justifiable for the Company's shares to remain listed for trading.

An application to the Marketplace for delisting may be made no earlier than three (3) months after the market has been informed of the delisting plans.

Preliminary timetable for delisting
8 December 2025: Extraordinary general meeting to decide on delisting.

Mid-March 2026: Application for delisting submitted to the Marketplace, no earlier than three months from today's date.

March/April 2026: The Marketplace approves delisting and announces the last day of trading. The Company publishes a press release regarding the last day of trading.

April/May 2026: Last day of trading in the Company's shares on the Marketplace, tentatively two weeks after the Marketplace has decided on delisting.

Extraordinary General Meeting
The board will issue a separate press release convening an extraordinary general meeting to decide on liquidation and delisting.