The lengthy tour of many months in remote areas does not allow him to fulfill his duties as board member and he will therefore step down and at the same time allow new capabilities to be added to LED iBond's board.

Chairman Michael Brag thanks Frederik Bruhn-Petersen for his contributions to LED iBond International A/S as board member since 2018 and says: "We thank Frederik for his considerable contributions to the development of LED iBond, both as board member and as a large shareholder. We have initiated a search for a new board member having international experience, network, and knowledge within the vertical farming market."