The duties and responsibilities of Savosolar’s board of directors are defined in the Finnish Limited Liability Companies Act and other applicable legislation.

According to the articles of association of limited liability company Savosolar, the Government Act on administrative administration and general organization of operations and represents the company. The board maintains Savosolar’s strategy and monitors its implementation. The board’s duties include approving the actual financial statements and interim reports and supervising appropriateness and financial matters. The board comes from both serious risk loans, acquisitions and investments and the principles of a good financial budget. The board can also pass, the continuous management can decide to stop investments, acquisitions and sales, contract contracts and giving guarantees. The board of directors controls the CEO and he considers the possible remuneration conditions of his service relationship.

In addition, the task of the board of directors is the appropriate time and the success of all the co-owners of the equipment to resolve the business operations of the goods in such a way as to generate the maximum possible return for the company’s capital in the long term of investment.

According to Savosolar’s articles of association, the company’s board of directors consists of three (3) and at least seven (7) regular members. The term of office of the board members ends at the end of the first regular meeting following the election.

The shareholdings of the Board members presented below, reflect the situation after the merger transaction and the directed issue based on underwriting commitment for the TO9 warrants.