SEK 131.5 million Pre-IPO financing in Advanced Soltech Sweden AB successfully completed

There has been great interest in taking part in Advanced Soltech's offering to subscribe for newly issued preference shares. In total, the subscription is for SEK 131.5 million. The purpose of the issue prior to the planned listing of Advanced Soltech's shares on First North Growth Market is to be able to take advantage of the good business opportunities that the Company now has in China.

The terms of the issue of preference shares have been set up with a forthcoming listing in mind. JOOL Corporate Finance AB has acted as the Company's Corporate Finance advisor in the transaction. SIP Nordic Fondkommission AB has been the organizer and Roschier Advokatbyrå AB legal advisor.

Advanced Soltech's CEO Max Metelius comments:
- We are pleased to see the great interest in investing in Advanced Soltech and we welcome our new shareholders on our continued growth journey. We have a very strong order book and the capital from the issue will primarily be invested in new solar energy facilities, but we will also invest in strengthening key functions within the company prior to the listing. The listing preparations is proceeding according to plan.

Tom Olander, JOOL Group CEO and co-founder, comments:
- We are happy and proud with the completion of another transaction with Advanced SolTech. The preference share issue marks JOOLs first transaction in the equity markets and we are thrilled about the interest received from investors.

For more information, please contact:
Max Metelius, VD Advanced Soltech Sweden AB (publ) Tel: +46 (0) 723 16 04 44. E-mail: max.metelius@advancedsoltech.com

Tom Olander, JOOL Group CEO and co-founder, Tel: +46 (0) 706 83 75 31. E-mail: to@joolgroup.com