Update on Board Function

26 Jan 2026 18:49 CET

Hynion AS refers to a previous stock exchange announcement stating that the
Board intended to file for bankruptcy of the company. Following this, the
company received indications of possible solutions.

On 25 January 2026, the Chairman of the Board convened an extraordinary board
meeting to address the company’s financial situation and further handling in
light of the announced bankruptcy process. The meeting was scheduled to be held
today, but could not take place as the other board members and the CEO did not
attend.

On this basis, the Chairman of the Board has notified the Board and the CEO of
the need for immediate further handling of the situation.

The company will revert with additional information as soon as the situation has
been clarified.

The Chairman of the Board, Jens Myhrstad, has today informed that he is stepping
down as Chairman of the Board and as a board member of Hynion AS with immediate
effect.

The resignation takes place in light of the company’s situation and the lack of
proper board function.

This information is considered inside information pursuant to the EU Market
Abuse Regulation and is subject to the disclosure requirements under section
5-12 of the Norwegian Securities Trading Act.

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