Wyld Networks AB (Nasdaq First North: WYLD) today announces that the Chairman of the Board, Mats Andersson, is stepping down at his own request.

Wyld Networks AB (Nasdaq First North: WYLD) today announces that the Chairman of the Board, Mats Andersson, is stepping down at his own request.

According to Wyld's articles of association, the Board of Directors shall consist of not fewer than three and not more than ten members. Following the resignation of Mats Andersson, the Board will consist of two members and will therefore not meet the requirements set out in the articles of association.

A new member of the Board will be elected at an Extraordinary General Meeting, which will be convened in the coming days.

For further information about Wyld Networks, please contact:

Kjell Olovsson, Chief Executive Officer of Wyld Networks AB, E-mail: info@wyldnetworks.com

About Wyld Networks

Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

The Wyld Networks share (WYLD) is traded on the Nasdaq First North Growth Market.

Certified Adviser to Wyld Networks is Mangold Fondkommission AB.

Read more on: www.wyldnetworks.com