Aiforia's Board of Directors established an Audit Committee and a Remuneration Committee

Aiforia Technologies Plc’s ("Aiforia") Board of Directors has decided to establish an Audit Committee and a Remuneration Committee to prepare matters to be considered by the Board.

The duties of the Audit Committee include monitoring the reporting of Aiforia's financials as well as practices related to it and monitoring their compliance with law. In addition, the duties of the Audit Committee include monitoring and assessing the risk management system as well as the supervision, monitoring and selection of the auditor.

Aiforia's Board of Directors elected among themselves Pekka Mattila as Chair of the Audit Committee and Monita Au Kin Lai and John Wellbank as members.

The duties of the Remuneration Committee include preparing remuneration matters to be considered by the Board relating to the appointment and remuneration of the Chief Executive Officer and other key individuals at Aiforia as well as Aiforia’s general remuneration principles and incentives schemes.

Aiforia's Board of Directors elected among themselves Pekka Mattila as Chair of the Remuneration Committee and Johan Lundin and John Sweeney as members.

The role of the Committees is to assist the Board. They do not have independent decision-making power. The Board of Directors has confirmed the main duties and operating principles of the Committees in written charters.

The Committees will begin their duties at the beginning of February 2022.

The possible remuneration of the members of the Committees will be decided at Aiforia's next Annual General Meeting.

Further enquiries

Jukka Tapaninen, CEO, Aiforia Technologies Plc, tel. +33610416686

Veli-Matti Parkkonen, CFO, Aiforia Technologies Plc, tel. +358405009878

Certified Adviser

UB Securities Ltd, tel. +358405886769

About Aiforia

Aiforia equips pathologists and scientists in preclinical and clinical labs with powerful deep learning artificial intelligence software for translating images into discoveries, decisions, and diagnoses. The cloud based Aiforia products and services aim to escalate the efficiency and precision of medical image analysis beyond current capabilities, across a variety of fields from oncology to neuroscience and more. Find out more: www.aiforia.com