CORPORATE GOVERNANCE

Board of Directors

According to the Articles of Association of Teneo AI AB, the Board of Directors shall consist of three to seven members elected by the Annual General Meeting with a maximum of three deputies. The Board currently consists of three ordinary members, including the Chairman of the Board, without deputies, who have been elected for the period until the end of the Annual General Meeting 2027.

In the table below, information is provided about the members of the Board of Directors regarding their position, year of election and whether they are considered independent in relation to the Company and senior executives and in relation to major shareholders.

Name	Position	Elected	Independent of the company and management	Independent of major shareholders
Johan A. Gustavsson	Chairman	2019	Yes	Yes
Lars Roth	Board member	2023	Yes	Yes
Mathias Björkholm	Board member	2023	Yes	Yes

Shareholdings (own and related parties): To be updated after the 2026 recapitalisation. Figures are not invented here.

Members

Johan A. Gustavsson, 1963

Chairman of the Board since 2024. Board member since 2019 (in Artificial Solutions Holding since 2008). Board assignments in Artificial Solutions / Teneo AI AB since 2001. Co-founder of Artificial Solutions / Teneo AI AB.

Education: Master of Science, Stockholm School of Economics.

Experience: Chairman and Founder of Vencom Group, Albator and Aros Bostadsutveckling, as well as board memberships related to these assignments. Earlier experiences include Chairman of Hop Lun International Ltd. and Naturkompaniet AB.

Independence: Independent in relation to the company and company management, and in relation to major shareholders.

Shareholdings: To be updated after the 2026 recapitalisation.

Lars Roth, 1977

Board member since 2023.

Education: Master of Science and Engineering from KTH Royal Institute of Technology.

Other ongoing assignments: Chairman of Root Digital Group, as well as board memberships related to this assignment. Board member of Bright Energy. CEO of Q Industries Lars Roth AB.

Previous assignments (last 5 years) and work experience: CGO of MedHelp Care (2020–2023), board member of Zound Industries (2014–2016), board member of Soundtrack your Brand (2015–2016), different roles in Telia Company including Vice President Consumer and Vice President Innovestments (2005–2016). As a consequence of these assignments, as well as other earlier roles and assignments, Lars Roth has gained a significant experience related to scalable business models within the SaaS industry.

Independence: Independent in relation to the company and company management, and in relation to major shareholders.

Shareholdings: To be updated after the 2026 recapitalisation.

Mathias Björkholm, 1972

Board member since 2023.

Education: Studies in Business Administration, University of Skövde, Sweden.

Experience: Pickit, Founder and Chief Strategy Officer. Earlier assignments and experience: Active as a founder of Pickit since the start in 2013, in Stockholm, but also in Seattle during the period 2014–2020. During these years Pickit became one of the world’s most downloaded applications within Microsoft’s eco-system. The creation of Pickit has given Mathias Björkholm a significant experience within the area of data-driven, scalable SaaS business models, in the US and Europe.

Independence: Independent in relation to the company and company management, and in relation to major shareholders.

Shareholdings: To be updated after the 2026 recapitalisation.

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