Corporate Governance

Corporate Governance

(Updated March 31, 2026)

The governance of Bittium Corporation (hereinafter ´Company´) is determined by the Company’s Articles of Association, the laws of Finland (such as the Finnish Limited Liability Companies Act and Securities Market Act) and the Company’s Corporate Governance Code. The Company follows the Finnish Corporate Governance Code 2025 prepared by the Finnish Securities Market Association and entered into force on January 1, 2025. The Governance Code may be viewed, interalia, at the Finnish Securities Market Association website at www.cgfinland.fi.

The Annual General Meeting held on May 7, 2025, decided that the Board of Directors shall comprise six (6) members. Mr. Erkki Veikkolainen, Ms. Riitta Tiuraniemi, Mr. Veli-Pekka Paloranta, Mr. Raimo Jyväsjärvi, and Mr. Pekka Kemppainen were reelected as members of the Board of Directors for a term of office expiring at the end of the next Annual General Meeting. Further, Mr. Jukka Harju was elected as the new member of the Board of Directors for a corresponding term of office.

At its organizing meeting held on May 7, 2025, the Board of Directors elected Mr. Erkki Veikkolainen as the Chairman of the Board of Directors. Further, the Board of Directors resolved that it will continue to have an Audit Committee. Ms. Riitta Tiuraniemi (Chairman of the Committee), Mr. Veli-Pekka Paloranta, and Mr. Jukka Harju were elected as members of the Audit Committee.

This Statement is made separately from the Report by the Board. The Board’s Audit Committee and the Company’s auditor have reviewed this Statement.

The statutory governing bodies of the Company are the Shareholders’ meeting, Board of Directors, Chief Executive Officer and the Auditor. The Management Group supports the statutory governing bodies of the Company. The Company’s domicile is Oulu.

This Corporate Governance Statement can be downloaded below.