Flexion Mobile PLC (NASDAQ:FLEXM), Company Announcement, 21 May 2025, at 08.00 a.m CEST

Flexion Mobile PLC ("Flexion" or the "Company") announces upcoming changes to its Board of Directors.

After serving on the Board for 16 years, Carl Palmstierna has tendered his resignation and will step down from the Board with effect from the conclusion of the Company's 2025 Annual General Meeting ("AGM").

Mikael Pawlo has also notified the Company of his intention to step down and will not stand for re-appointment at the 2025 AGM.

In connection with these departures, the Board is pleased to announce the nomination of Andrew Shen for appointment to the Board. Subject to shareholder approval at the AGM, Andrew Shen's appointment will take effect from the close of the meeting. If appointed, Mr Shen will also assume the role of Chairman of the Board.

Andrew Shen is Co-founder and General Partner of Shen Capital Partners Inc., a technology growth equity investment firm based in Toronto since 2019. He has previously served as Chairman of the Board of MediaValet Inc. (TSX: MVP) until its sale in 2024 for $80 million to a private equity group. Andrew has also served as a Board Observer for multiple public software businesses. Prior to founding Shen Capital, he spent seven years in capital markets trading and balance sheet risk management at the Canadian Imperial Bank of Commerce. He holds a Masters of Management from the University of St Andrews.

"On behalf of the Board, I would like to extend our warmest thanks to both Carl and Mikael for the contribution and work as board members and we wish them both every success in their future endeavours" says CEO, Jens Lauritzson.

"I am pleased to welcome Andrew Shen to the Board and as my successor as Chairman to help lead Flexion through its next stage of planned growth" comments Carl Palmstierna.

Following the above changes, the Board will comprise five members, in accordance with the Company's Articles of Association. The Board remains quorate.