The annual general meeting resolved, among other things, the following:

• The income statement and balance sheet for 2024 were adopted. The general meeting resolved not to pay out dividends for the financial year 2024. The general meeting resolved to grant discharge from liability to all persons who held positions as board members or CEO in the company during 2024.
• It was resolved that the board of directors should consist of 3 directors with the re-election of board members Jonas Wikström, Martin Polo and Jon Lind.
• Jonas Wikström was appointed as chairman of the board.
• Remuneration to the board of directors shall be SEK 400,000 to the chairman of the board and SEK 200,000 shall be paid to each of the other members of the board. It was noted that Martin Polo had announced that he would waive his renumeration.
• Re-election of BDO Mälardalen AB as auditor for the period until the end of the annual general meeting 2026.
• Authorization for the board of directors to, for the period up to the next annual general meeting, on one or more occasions, resolve on the issuance of new shares, warrants and/or convertible debentures. The board shall have the right to, with or without pre-emption rights for the shareholders, adopt resolutions to issue new shares, warrants and/or convertible debentures.  Such new issue resolutions may include provisions of payment in cash and/or payment by way of contribution of non-cash consideration or by set-off of a claim or that subscription shall be subject to other conditions. The number of shares that may be issued (or added through the exercise of warrants or conversion of convertible debentures) may in total not exceed 20 per cent of the total number of shares in the company at the time when the authorization is used for the first time.
• Resolution on new instruction on appointment of a nomination committee to apply until further notice.

All resolutions were made in accordance with the proposals that have been available prior to the general meeting. The complete proposals are published on the company’s website, www.oxemarine.com.

For further information, please contact:
Paul Frick, CEO, OXE Marine AB, paul.frick@oxemarine.com, +46 (0) 703 25 06 20
Jonas Wikström, Chairman of the Board, OXE Marine AB, jonas.wikstrom@oxemarine.com, +46 70 753 65 66

About OXE Marine
OXE Marine AB (publ) is the company behind the world’s first high performance diesel outboard. The company’s unique and patented solutions for high torque transmission between powerhead and lower leg has led to a global high demand for the company’s outboards. Enabling improved performance and fuel efficiency in an outboard, OXE Marine redefines possibilities in the marine sector.

OXE Marine AB (publ) is listed on the NASDAQ First North Growth Market (STO: OXE). Redeye AB is the Company’s Certified Adviser.