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Current report No 18/2026

July 01, 2026

Current report No 18/2026

Appointment of New Non-Executive Director

Date: 2026-07-01
Title: Appointment of New Non-Executive Director.
Legal Basis: Art. 56 item 1 section 2 Act on Public Offering – current and periodic information.

Message: The Board of Directors of ASBISc Enterprises Plc ("the Company") hereby announces that Mr. Jaan Kristian Teär has been appointed to the Board of Directors, effective from July 1st, 2026.

Mr. Jaan Kristian Teär has been appointed to the Board of Directors as a Non-Executive Director.

Jaan Kristian Teär:

International business leader and Board Director with more than 30 years of experience leading publicly listed companies. Recognized for driving strategic repositioning, shareholder value creation, and large-scale business transformation across the telecommunications, consumer electronics, digital infrastructure, and luxury technology sectors. Extensive experience working with Boards, investors, capital markets, governance frameworks, and international stakeholders across Europe, Asia, and the Americas.

Most recently served as Chief Executive Officer of Bang & Olufsen (2019-2026), leading the company’s strategic transformation into a globally positioned luxury technology brand.

Previously held senior global executive leadership positions including:

  • Vice President EMEA, Logitech, 2015–2018
  • Chief Operating Officer, BlackBerry, 2012–2013
  • Executive Vice President & Head of Global Sales and Marketing, Sony / Sony Ericsson, 2010-2012
  • Corporate Vice President, Sony Ericsson, 2005-2009
  • Regional President, Ericsson across Europe, Asia, and Latin America, 1999-2000

Mr. Jaan Kristian Teär obtained Master of Science at the Royal Institute of Technology, Stockholm, Sweden.

According to the submitted statement, Mr. Jaan Kristian Teär does not run any other business competitive to the Company; he is not involved in any activities of a competitive company as a partner of a civil partnership, limited partnership or as a board member of a joint-stock company, and is not engaged in any competitive legal entity as its board member.

According to the submitted statement, his name does not appear in the Insolvent Debtors Register.

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