In its constitutive meeting, held after the Annual General Meeting, the Board of Directors elected Colm Barrington Vice Chairman of the Board. The Board also appointed members to its Audit Committee and Compensation and Nomination Committee.

Ms. Maija-Liisa Friman was elected Chairman of the Audit Committee and Colm Barrington, Montie Brewer and Henrik Kjellberg as other members of the Audit Committee.

Jaana Tuominen was elected Chairman of the Compensation and Nomination Committee and Mengmeng Du and Jonas Mårtensson as other members of the Compensation and Nomination Committee.

The Board assessed the independence of its members and concluded that all members are non-executive members independent of the Company and its major shareholders.