Published: 2020-04-16 11:05:00 CEST
Componenta Oyj
Decisions of general meeting
Resolutions of Annual General Meeting of Componenta Corporation
Componenta Corporation Stock Exchange Release 16 April 2020 at 12.05

The
Annual General Meeting of Componenta Corporation, held on 16 April
2020,
adopted the financial statements and the consolidated financial
statements for
the financial period from 1 January to 31 December 2019,
approved the
Corporation Remuneration Policy, and discharged the members of the
Board of
Directors and the CEO from liability concerning the financial
period.

Dividend payout

In accordance with the proposal of the Board of
Directors, the General Meeting
resolved that no dividend shall be distributed
for the financial period ended on
31 December 2019.

Board of Directors

The
General Meeting resolved that the annual remuneration payable to the
Chairman
of the Board shall be 50,000 euro and the remuneration payable to other
members
of the Board of Directors shall be 25,000 euro. In addition, the members
of
possible committees of the Board of Directors will be paid an
annual
remuneration of 5,000 euro. Travel expenses of the members of the Board
of
Directors shall be compensated in accordance with the Company’s travel
policy.

In accordance with the proposal of the Shareholders’ Nomination Boad,
the number
of the members of the Board of Directors was resolved to be four
(4). The
General Meeting resolved to re-elect Harri Suutari, Anne Leskelä,
Harri Pynnä
and Petteri Walldén, all currently members of the Board
Directors.

In its organizational meeting immediately following the Annual
General Meeting,
the Board of Directors elected Harri Suutari as the Chairman
of the Board and
Anne Leskelä as the Vice Chairman of the Board.

Auditor

The
General Meeting elected Authorised Public Accountants PricewaterhouseCoopers
Oy
as the company’s auditor. The Auditor with principal responsibility is
APA
Samuli Perälä. The auditor is remunerated according to the invoice approved
by
the company.

Amendment of the Articles of Association

The General Meeting
resolved to amend the Articles of Association of the company
so that section 2
will stipulate as follows:

“2. Field of Business

The company’s field of
business is to manufacture and sell engineering and
foundry industry products
and to engage in activity related to these as part of
Componenta Corporation.
In order to carry on its activities, the company may
grant securities,
guarantees and loans to its group companies and affiliated
companies. The
Company may offer administrative, financing, accounting and other
services to
its group companies and affiliated companies, and trade in
securities and
practice other investment activitity.“

Minutes of the meeting

The minutes of
the General Meeting will be available on Componenta’s website
at
www.componenta.com as of 30 April 2020, at the latest.

COMPONENTA
CORPORATION

Sami Sivuranta
President and CEO

For further information, please
contact:
Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Marko
Karppinen, CFO, tel. +358 10 403 2101

Componenta is a technology company which
specializes in supplying cast and
machined components to global manufacturers
of vehicles, machines and equipment.
The company’s share is listed on Nasdaq
Helsinki.