The Board of Oboya Horticulture Industries AB (publ) has appointed Robert Wu as new CEO

Robert Wu has been appointed new CEO of the company, which is a strategic decision by the Board of Oboya Horticulture Industries AB. The main purpose of the decision is to strengthen Oboya's growth and profitability in the coming years, as well as to increase growth rates in the Chinese market through cooperation with Oboya's strategic shareholder Tus-Holdings and with Haier Group RRS.

Robert Wu immediately takes over his new role after the annual general meeting and succeeds Mikael Palm Andersson. Mikael Palm Andersson is proposed as new Chairman of the board at the annual general meeting.

"I am very pleased with the trust and the challenge. As CEO of the Oboya Horticulture Group, my focus will be on accelerating growth and profitability within the Group to achieve our financial targets for the year 2020. We will focus on product and service development, establish ourselves in new markets and gradually increase our market share globally. I look very positive at our business and are convinced we have a strong growth trip ahead of us, "said Robert Wu, CEO of Oboya Horticulture Industries AB.

Erik Penser Bank is Oboyas Certified Adviser at Nasdaq First North.

For any inquiry regarding this press release, kindly contact:

Robert Wu, CEO of Oboya Horticulture Industries AB (publ)

Phone: + 46 (0)735 63 09 35

E-mail: robert.wu@oboya.cc

Homepage: www.oboya.se

This information is insider information that Oboya Horticulture Industries AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.00 on May 22 th, 2018.

About Oboya Horticulture Industries AB

Oboya Horticulture aims to become a world-leading total supplier of consumables and logistics products for the cultivation industry as well as consumer products for home cultivation and indoor environments. Production takes place in factories in China, Poland, Denmark, Vietnam and Kenya. More information about the company is available at www.oboya.se.