Polight ASA

Major Shareholding Notification • May 21, 2025

Disclosure of large shareholding

Disclosure of large shareholding

Tønsberg, 21 May 2025: Reference is made to the stock exchange announcement by

poLight ASA (the "Company") published earlier today regarding the convening of

the annual general meeting, pursuant to which, the general meeting resolved to

approve, inter alia, the issuance of 63,743,112 new shares in the Company, each

with a nominal value of NOK 0.04, in connection with a directed share issue

towards Q Technology (Group) Company Limited ("Q Tech") (the "Private

Placement").

Following the completion of the Private Placement, Q Tech will hold a total of

63,743,112 shares in the Company, representing approximately 32.97% of the

outstanding shares and voting rights, thereby exceeding the 25% threshold for

disclosure of large shareholdings.

Additionally, the following shareholders will fall below certain disclosure

threshold as a result of the Private Placement, as further set out below:

· Investinor Direkte AS: Maintains a holding of 13,500,531 shares in the

Company, corresponding to 6.98% of the total outstanding shares and voting

rights in the Company, crossing below the 10% threshold for disclosure of large

shareholdings.

· Nordnet Livsforsikring AS: Maintains a holding of 7,488,004 shares as at

14[th] May 21, 2025 in the Company, corresponding to 3.87% of the total

outstanding shares and voting rights in the Company, crossing below the 5%

threshold for disclosure of large shareholdings.

· LHH AS: Maintains a holding of 7,500,000 shares in the Company,

corresponding to 3.88% of the total outstanding shares and voting rights in the

Company, crossing below the 5% threshold for disclosure of large shareholdings.

This information is subject to the disclosure requirements set out in Sections 4

-2 and 5-12 of the Norwegian Securities Trading Act.