Embellence Group acquires, owns and develops strong brands in wallpaper, textiles, rugs and other interior decoration.

Embellence Group is a Swedish public limited liability company. Prior to the listing on Nasdaq First North Premier, corporate governance in the Company was based on Swedish law and internal rules and instructions. Once the Company has been listed on Nasdaq First North Premier, the Company will also comply with Nasdaq First North Premier’s Rule Book for Issuers and apply the Swedish Corporate Governance Code (the “Code”).

The Company is not obliged to comply with every rule in the Code as the Code itself provides for the possibility to deviate from the rules, provided that any such deviations and the chosen alternative solutions are described and the reasons therefore are explained in the corporate governance report (according to the so-called “comply or explain principle”).

The Company will apply the Code from the time of the listing of the shares on Nasdaq First North Premier. Any deviation from the Code will be reported in the Company’s corporate governance report, which will be prepared for the first time for the 2021 financial year. However, in the first corporate governance report, the Company is not required to explain non-compliance with such rules that have not been relevant during the period covered by the corporate governance report. Currently, the Company does not expect to report any deviations from the Code in the corporate governance report.