Oboya increases sales of environmentally friendly cultivation products

Oboya Horticulture Industries AB ("Oboya" or the Company ") has received several inquiries regarding environmentally friendly cultivation products made from Swedish biomaterials. During the upcoming peak season, the company has taken several orders from customers and growers of fresh herbs and salads in the Scandinavian market. Oboya expects sales of environmentally friendly cultivation products to increase gradually during the year.

Oboya works to promote the environment and sustainability of the cultivation industry by offering environmentally friendly cultivation products. In 2019, sales of environmentally friendly cultivation products amounted to approximately SEK 11.9 million. The company increased this sale in early 2020 and further sales are expected during the year.

Environmentally friendly cultivation products made of Swedish biomaterial are fully biodegradable and recyclable. Oboya intends to continue to grow within the segment and considers the use of biomaterials as an important cornerstone in the transition to a fossil-free cultivation industry.

Erik Penser Bank AB is Oboyas Certified Adviser on Nasdaq First North Growth Market. Tel: + 46 8-463 83 00, E-mail: certifiedadviser@penser.se

For more information, please contact:

Robert Wu, CEO Oboya Horticulture Industries AB (publ)

Tel: + 46 735 630 935

E-mail: robert.wu@oboya.cc

Website: www.oboya.se

About Oboya Horticulture Industries AB

Oboya Horticulture aims to develop into a world-leading total supplier in daily consumables and logistics products to the cultivation industry as well as consumer products for home cultivation and indoor environments. Production takes place in factories in China, Vietnam, Poland and Kenya. More information about the company can be found at www.oboya.se.