Modulight Corporation's Shareholders’ Nomination Committee Composition

The following members have today been appointed to Modulight Corporation’s Shareholders’ Nomination Committee:

• Seppo Orsila, appointed by Seppo Orsila
• Petteri Uusimaa, appointed by Petteri Uusimaa
• Timo Sallinen, appointed by Varma Mutual Pension Insurance Company
• Anne Koutonen, appointed by Modulight Corporation’s Board of Directors

The Nomination Board consists of four members: three representatives appointed by the three largest shareholders, and one member appointed by the company’s Board of Directors. The right to nominate representatives to the Shareholders’ Nomination Committee is granted annually to the three shareholders with the largest proportion of the company’s total voting rights on the first working day of September. These shareholders are identified based on the register maintained by Euroclear Finland Ltd, together with any notifications made under nominee registrations or flagging notifications.
 
The Shareholders’ Nomination Committee, established by the General Meeting, prepares and presents 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.