Articles of Association

LapWall Oyj's Articles of Association

1 § Company name

The name of the Company is LapWall Oyj.

2 § Company domicile

The Company’s domicile is the municipality of Pyhäntä.

3 § Company's line of business

The Company’s line of business is to engage in the manufacturing and trade of joinery industry products, as well as training, consulting, and related businesses and sales of services in the field. The Company can acquire fixed and movable property and lease the aforementioned property. The Company can own, manage, rent and trade real estate, shares and securities.

4 § The Company’s shares are covered by the book-entry system.

The Company’s shares are covered by the book-entry system.

5 § Board of Directors

The Company’s Board of Directors shall comprise no fewer than three and no more than eight members.

6 § Representation

The Company is represented by the Board of Directors. The Company is also represented by the CEO alone or by two members of the Board of Directors together. In addition, the Board may grant a proxy or the right to represent the Company to a designated person.

7 § Notice of the General Meeting and pre-registration for the General Meeting

The notice of the General Meeting shall be published on the Company's website no earlier than three months and no later than three weeks before the General Meeting, but always at least nine days before the record date of the General Meeting. To be allowed to attend a General Meeting, the shareholder shall register at the Company not later than on the date given in the notice of the Meeting decided by the Board of Directors. This date may not be earlier than ten days before the meeting.

8 § Venue of the Annual General Meeting

The Annual General Meeting shall be held in a place determined by the Board of Directors, which may, in addition to the Company's domicile, be located in Oulu or Helsinki. One can also participate in the Annual General Meeting remotely via an Internet connection.

9 § Accounting period

The Company’s accounting period is one calendar year.

10 § Auditor

The Company has one auditor, who must be an auditing firm per the Auditing Act. The term of the auditor ends upon the conclusion of the next Annual General Meeting following the election.