2. Business purpose

Kitron’s business purpose clause is stated in the company’s Articles of Association.

Kitron’s business purpose is manufacturing and development activities related to electronics. The business includes purchase and sale of shares and companies in the same or related business sectors. The business may also include related consultancy activities and other activities associated with the operation.

The company’s main goals and strategies are presented in the Annual Report. It is the board’s opinion that these objectives and strategies are within the scope of the business purpose clause.