Corporate Governance within RugVista Group

RugVista Group is a Swedish public limited liability company. Prior to the listing on Nasdaq First North Premier, the Company’s corporate governance has been based on, among other things, the Swedish Companies Act (2005:551), RugVista Group’s Articles of Association, and internal rules and instructions. Once the Company’s shares have been admitted to trading on Nasdaq First North Premier, the Company will also comply with Nasdaq First North Premier’s rulebook for issuers and adhere to the Swedish Corporate Governance Code (the “Code”). The Code is based on the principle “comply or explain”, meaning that companies are not obliged to at all times apply every rule in the Code, but are allowed the freedom to choose alternative solutions which they feel are better in their particular circumstances, provided they report every deviation, describe the alternative solution, and explain the reasons for the deviation. RugVista Group intends to apply the Code from the listing on Nasdaq First North Premier.