Nordic Asia announces conditions for listing on Nasdaq First North on December 16, 2021

This news feature refers to the press release published on 2021-11-22 at 19.00, which can be read in its entirety on Nordic Asia's Investor Relations page under Press & News.

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On November 15, 2021, Nordic Asia Investment Group 1987 AB (“Nordic Asia” or “Company”) announced through a press releaseits intention to carry out a listing ("Listing") of the Company's B shares on the Nasdaq First North Growth Market ("Nasdaq First North") and carry out a new issue of B shares ("**The Offer **”). Nasdaq Stockholm AB has assessed that the Company meets the applicable listing requirements for the Nasdaq First North Growth Market and the first day of trading is expected to be December 16, 2021, provided that customary conditions are met. Today, Nordic Asia publishes the prospectus and terms for the Offer and Listing of the Company's B shares.

The offer in summary

• The registration period runs between 23 November – 6 December 2021.
• Estimated first day of trading on Nasdaq First North is December 16, 2021 under the short name NAIG B.
• The offer consists of newly issued B shares and amounts to SEK 200 million with the possibility of an increase of a maximum of another SEK 100 million through an extension option ("Extension Option").
• The price per share in the Offer ("Offer Price") is expected to be set within the price range of SEK 7.5 - 10.5 ("Price Range") to the Company's net asset value per ordinary share without discount or premium as of the record date on December 6 2021. The price for shares upon exercise of the Extension Option will be the same as the Offer Price.
• Kari Stadigh former CEO of Sampo Group OY, Stadium founders Ulf and Bo Eklöf via company, Knil AB with CEO Martin Julander, founders of AQ Group AB Per-Olof Andersson and Claes Mellgren, Pong Invest, and others (“**Cornerstone investors **”) has undertaken to acquire B shares in the Offer for a total amount of SEK 100 million, which corresponds to 50 percent of the Offer. The Cornerstone investors will be prioritized in the allocation of B shares in the Offer and receive full allocation according to the respective commitment. The offer price is the same for the Cornerstone investors as for other investors.
• The determined Offer Price and allocation will be announced through a press release on December 7, 2021.
• The company's board members and management team have undertaken not to sell shares for a period of 365 days after the company's first day of trading.
• The offer of SEK 200 million includes 19,047,619 – 26,666,666 number of newly issued B shares, and 28,571,429 – 39,999,999 number of newly issued B shares upon full use of the Extension Option of SEK 100 million.
• Nordic Asia intends to use the net cash to primarily increase the Company's positions in existing portfolio companies but also to invest in new companies.
• The offer can be subscribed via Nordnet, Avanza and Partner Fondkommission (via the Company's website).

Prospectus and registration

As of November 22, 2021, the prospectus has been approved and registered by the Financial Supervisory Authority and published on Nordic Asia's website www.nordicasiagroup.com/ipo. The prospectus is also available on Nordnet Bank AB's website www.nordnet.se and Avanza Bank AB's website www.avanza.se during the registration period, where registration can also be made. Registration can also be made via form or digitally to Partner Fondkommission AB via Nordic Asia's website www.nordicasiagroup.com/ipo.

Schedule

• Application period: 23 November – 6 December 2021
• Determination of the Offer Price: 6 December 2021
• Publication of the Offer Price and allocation: December 7, 2021
• Settlement date: 9 December 2021
• Expected first day of trading: December 16, 2021

Background to the Offer

The offer and listing of Nordic Asia's B shares on Nasdaq First North is a logical and important step in the Company's future development. The offer will create opportunities for accelerated growth in line with the Company's strategy, increase the Company's financial flexibility and broaden the Company's ownership base. In addition, the Offer and the Listing are expected to increase awareness of the Company's operations and to strengthen interest among investors and business partners, as well as to give the Company access to the Swedish and international capital markets. Nordic Asia intends to use the net proceeds received in connection with the Offer for investments primarily in existing portfolio companies, and secondarily for investments in new portfolio companies.

Comments regarding the company's listing from the CEO and Board:

Yining Wang, CEO & Board Member

“I am proud to announce our intention to list Nordic Asia on Nasdaq First North. Our goal is for Nordic Asia to be the Nordic investor's long-term cornerstone for investments in the Asian and especially the Chinese market, where we want to offer simple and transparent ownership via a Swedish investment company. We want to have a close dialogue with our investors with ongoing updates where we share about the market development and about our portfolio companies.

Our journey has only just begun and I look forward to investing together with our shareholders in and owning the growth companies of the future in China's growing consumer market.”

Michael Thurow, Chairman of the Board

"Nordic Asia is unique. The composition of people in the company and the network in both the Nordics and China really constitute a unique arrangement, where you are close to both markets. I am very impressed by what the company has achieved in a short time, which is a result of partly the competent team, as well as the market demand for this type of product.

I look forward to being part of Nordic Asia and contributing to its continued growth as the Nordic investor's obvious investment choice in China.”

Jonas Olavi, Board member

"As an investor, I have always had a good eye and great interest in the Chinese market, which has come to constitute an increasingly large part of the world economy. However, it is noticeable that we need more knowledge and exposure to this market, and in particular to the domestic consumption trend that has become China's new growth engine. Many exciting companies with innovative business models and clear economies of scale have been created in this market.

It will be extremely exciting to be part of Nordic Asia's journey as a new Swedish investment company. With access to a local analysis team in China and with the opportunity to invest when the companies are still in a growth phase, Nordic Asia has the right conditions to succeed.”

More information
For further information, refer to the press release published on the Company's website Investor Relations Page.