Result of AGM and Special Meeting

The Company is pleased to announce that all resolutions put to the AGM and Special Meeting held 1st February 2021, were duly passed.

Over 75% of shareholders were present in person or by proxy at the Meeting.

Additionally, the Financial statements and report of the auditor for the years ended 29 February 2020 and 28 February 2019 were presented to shareholders.

The 7 Directors, Jörgen Andersson, Mustaq Patel, Lars Guldstrand, Christer Grundström, Peter Lindh, Dag Andresen and Bo Thorén, were all re-elected.

BF Borgers CPA PC was appointed as the auditor of the Company.

The Plan of Arrangement (POA) which required the approval of 66 2/3% of participating shareholders was approved by 99,6% of those shareholders and will go before the Supreme Court of British Columbia next week.

Mustaq Patel Cindrigo CEO said, “We are very pleased with the very strong support both for the ordinary resolutions and the Special POA resolution, which was one important step to be able to finalize the completion of the Challenger Acquisitions Offer”.