Vimian is a Swedish public limited liability company. Corporate governance in the Company is based on Swedish law and internal rules and instructions. The Company also complies with Nasdaq First North Growth Market regulations for issuers and apply the Swedish code for corporate governance (“the Code”). The Code applies to all Swedish companies with shares listed on a regulated market in Sweden, as well as Nasdaq First North Premier. Thus, the Code does not apply to the Company, but the Company has chosen to apply it from its listing in June 2021. The Company does not have to comply with all rules in the Code as the Code itself allows for deviation from the rules, provided that such potential deviations and the chosen alternative solution are reported and the reasons for this explained in the corporate governance report (according to the so-called “comply or explain principle”).
The Company applies the Code from the time of the listing of the shares on Nasdaq First North Growth Market. Any deviation from the Code will be reported in the Company corporate governance report. The Company does not currently expect to report any deviation from the Code in the corporate governance report.