Modulight Corporation's Shareholders’ Nomination Committee Composition

The following representatives have been appointed by the three largest shareholders of Modulight Corporation to the Shareholders’ Nomination Committee:

• Seppo Orsila, CEO, Modulight Oyj
• Petteri Uusimaa, CTO, Modulight Oyj
• Timo Sallinen, Director, Head of Listed Securities, Varma Mutual Pension Insurance Company

Seppo Orsila has been elected as the Chair of the Nomination Committee. Additionally, the Chair of Modulight’s Board of Directors serves as an expert member of the Nomination Committee.

The right to nominate representatives to the Shareholders’ Nomination Committee is held annually by the three shareholders who hold the largest proportion of the company’s total voting rights on the first working day of September. The largest shareholders entitled to nominate are determined based on the company’s shareholder register maintained by Euroclear Finland Ltd, as well as notifications made under nominee registrations or flagging notifications.

The Shareholders’ Nomination Committee, established by the General Meeting, is a body consisting of representatives of the company’s shareholders. Its role is to annually prepare and present proposals to the General Meeting regarding the number and composition of the Board of Directors, the Chair of the Board, the remuneration of Board members, and the remuneration of the members of Board committees.