Change in the composition of Canatu Plc’s Shareholders’ Nomination Board

Canatu Plc Company release 8 April 2025 at 12:00 pm EEST

Change in the composition of Canatu Plc’s Shareholders’ Nomination Board

Canatu Plc (“Canatu”) announces a change in the composition of the Shareholders’ Nomination Board. DENSO Corporation has appointed Shinichiro Nakamura as a member of Canatu’s Shareholders’ Nomination Board as of 8 April 2025. Prior to the change, DENSO Corporation was represented by Anthony Cannestra. Otherwise the composition of the Shareholders’ Nomination Board remains unchanged.

The composition of the Shareholders’ Nomination Board as of 8 April 2025 is the following:

• Ari Ahola, Chairman of the Board of Directors, eFruit International, Inc. (appointed by eFruit International, Inc.)
• Shinichiro Nakamura, Senior Vice President, DENSO International America (appointed by DENSO Corporation)
• Denis Cherkasov, Director, Mymetics Holdings (appointed by Mymetics Holding (Cyprus) Limited)
• Timo Sallinen, Director, Head of Listed Securities, Varma Mutual Pension Insurance Company (appointed by Varma Mutual Pension Insurance Company)

The Shareholders’ Nomination Board consists of the representatives of Canatu’s four largest shareholders and is chaired by the representative of the largest shareholder. The Nomination Board has on 11 December 2024 elected Ari Ahola as Chair from among its members. The Chair of Canatu’s Board of Directors participates in the Shareholders’ Nomination Board’s work as an expert without having a right to participate in the decision-making of the Shareholders’ Nomination Board.

The Shareholders’ Nomination Board is a corporate body appointed by Canatu’s shareholders that is responsible for preparing proposals to the annual general meeting, and if necessary, to the extraordinary general meeting, on the number, election, and remuneration of the members of the Board of Directors. More information on the Shareholders’ Nomination Board is available on Canatu’s website at: https://canatu.com/investors/governance/shareholders-nomination-board/.

Additional information

CEO Juha Kokkonen, tel. +358 405 430 367

Chair of the Board of Directors Timo Ahopelto, timo@lifelineventures.com

Certified adviser

Carnegie Investment Bank AB (publ), tel. +46 (0)73 856 42 65

About Canatu

Canatu (CANATU, Nasdaq First North, Finland) is a fast-growing deep technology company creating advanced carbon nanotubes (Canatu CNTs), related products, and manufacturing equipment for the semiconductor, automotive, and medical diagnostics industries. Together with pioneering companies, Canatu transforms products with nano carbon for a better tomorrow.

Canatu's versatile platform technology has broad potential applications. Its current core includes CNT membranes for extreme ultraviolet (EUV) processes in the semiconductor industry, enabling the manufacturing of the most advanced chips, as well as film heaters for advanced driver-assistance systems (ADAS) in the automotive industry. Additionally, electrochemical sensors for medical diagnostics are in the development phase. Canatu’s patented CNT reactors and Dry DepositionTM method yield clean and pristine CNTs. The company operates through two business models: selling CNT products directly, as well as selling CNT reactors and licensing the related technology so that customers can produce CNT products under a limited license.

Headquartered in Finland, Canatu also operates in the US, Japan, and Taiwan. Founded in 2004 as a spin-off from Aalto University’s Nanomaterials Group, Canatu currently has around 140 employees representing 35 nationalities, with 20 per cent holding or pursuing doctorates. Discover more at www.canatu.com and follow us on LinkedIn.