Circle Energy Sweden (CIRCLE) Investor Update summary

Leadership and company background

• New CEO appointed following a failed reverse merger and voluntary bankruptcy due to significant debts.

• Immediate debts were cleared and new investment secured through shareholder support.

• CEO and key investor joined the board to drive recovery and future growth.

• CEO brings experience in corporate finance, asset recovery, and company turnarounds.

Operational status and recovery plan

• Main asset is a biodiesel business in Greece, with one large generator and three additional generators.

• Focus is on recommissioning the large generator at Amfilochia to restore revenue positivity.

• Engineering review found the generator in disrepair, with missing and damaged parts; repairs are underway.

• Manufacturer will inspect the generator before it is brought online to ensure operational safety.

• Once operational, the company expects to become cash flow positive and will then recommission additional generators and pursue new site licenses.

Communication and next steps

• Regular updates to stakeholders are planned as progress continues.

• Public communication is prioritized to ensure transparency.