Press Release: Correction to Resqunit AB 2H Interim Report 2024 and Update on Equity Review

Stockholm, February 24, 2025, kl 16:45,

Resqunit AB ("RESQ") announces that several inaccuracies have been identified in the 2H Interim Report 2024, published on February 21, 2025. These errors were caused by a system malfunction in the interface between our accounting system and the report generator, which disrupted the automated transfer of financial data. As a result, the preparation of the report relied on manual data entry, leading to unintended mistakes during the process. 

We regret this oversight and apologize for any confusion caused. The inaccuracies include misreported figures in the income statement, balance sheet, and key figures section. These errors do not reflect Resqunit AB's actual financial position but arose from technical issues compounded by manual processing under time constraints. 

A corrected 2H Interim Report 2024 with all data re-validated is published

We are addressing the system issue to restore the automated interface and implementing additional checks to prevent similar occurrences in the future.

We remain dedicated to providing accurate and reliable financial information and thank our shareholders and partners for their patience in resolving the matter. 

Update on Equity Review

The Board of Resqunit AB is investigating whether the company's equity falls below half of the company's registered share capital. 

The Board of Resqunit AB has determined that there is a suspicion that the company's equity has fallen below half of the company's registered share capital. In response, the Board has initiated the process of preparing a control balance sheet (kontrollbalansräkning) for review by the company's auditor. 

As soon as the control balance sheet has been reviewed by the company's auditors, the outcome will be communicated, and, if applicable, a control meeting (kontrollstämma) will be convened in accordance with the Swedish Companies Act (Aktiebolagslagen). 

The publication of the 2H Interim Report on February 21st was not labeled as a MAR release, but should have been, as the report showed the need for preparing a control balance sheet.

DISCLOSURE REGULATION

This information is information that Resqunit AB is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons set out above, on February 24, 2025, at 16.45 CET  

Certified Advisor 

Corpura Fondkommission AB

For more information, please contact: 

Helge Trettø Olsen, CEO, Resqunit AB 
Email: [email protected] 
Telefon: +47 901 68 908 

RESQUNIT AB is a holding company that financed its subsidiary by raising capital and providing financial support for its operations, which focused on developing innovative equipment for the fishing industry. The subsidiary worked to reduce marine plastic pollution and ghost fishing - issues that critically affected all fishing nations.