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Exhibition brings US visitors close to the diverse Chinese culture through world-class photographers’ lens

GUANGZHOU, China, Feb. 14, 2025 /PRNewswire/ — News report from GDToday. A photo exhibition titled “Nihao, China! See You in Guangdong” was held in Orange County, California, from January 23 to February 12, showcasing the diverse culture of Guangdong Province, China, through the lens of four award-winning US photojournalists: Pulitzer Prize winners Nick Ut, Ringo Chiu, Irfan Khan, and World Press Photo honoree Michael Nelson.

 

The exhibition showcases 48 photographs taken during the photographers’ trip to Guangdong in November 2024, when they were invited by GDToday to capture the province’s diverse landscapes, rich traditions, culture, and everyday people. Held at South Coast Plaza, the largest shopping center on the US West Coast, it has drawn an estimated 500,000 visitors and received extensive coverage from over 10 media outlets, with more than 30 news reports.

People visit a photo exhibition titled “Nihao, China! See You in Guangdong” in Costa Mesa, California, the United States, on Jan. 23, 2025. (Photo by Felix Li)
People visit a photo exhibition titled “Nihao, China! See You in Guangdong” in Costa Mesa, California, the United States, on Jan. 23, 2025. (Photo by Felix Li)

“This is a project with the purpose of having a better understanding between the cultures in this world, especially for Americans to see the Chinese culture,” said Irfan Khan, who initially expected China to be strict but found the people there to be very welcoming and bold in front of his camera.

Wang Taiyu, Cultural Counselor of the Chinese Consulate General in Los Angeles, believes that the exhibition will offer American audiences a deeper understanding of China, the lives of its people, and the country’s development.

Robert LaBounty, a representative from the Orange County Board of Supervisors commended the photographs for allowing people to learn about Chinese culture and contributing to the diversity of the local community in Orange County.

One of the visitors, Mona Sherif, found Chinese culture much more diverse than she had previously perceived. “We always associate China with its Great Wall, history, and art, but this exhibition offered a more human and everyday perspective, taking me into China in a way that felt like a complete experience, as if I had seen the smiles of people and been part of their festive celebrations myself,” she said.

Following its US run, the exhibition will be displayed next in Guangzhou, Guangdong’s capital, from February 15 to 24.

Six Lao Nationals Rescued from Human Trafficking in Myanmar

Six Lao Nationals Rescued from Human Trafficking in Myanmar
Six Lao Nationals Rescued from Human Trafficking in Myanmar

On 12 February, Thai authorities rescued six Lao nationals from human trafficking operations in Myanmar, Thai media reported. 

The victims were transported to Chong Khaep village in Phop Phra district, Tak Province, for screening before preparations for their repatriation. Thai officials will work with the Lao Embassy to ensure their safe return under the National Referral Mechanism (NRM), which guarantees proper care and support.

The NRM will be used to assist the victims during their repatriation. 

The crackdown saw 260 human trafficking victims rescued, 16 people from the Philippines, 23 from Kenya, one from Tanzania, two from Brazil, 138 from Ethiopia, 12 from Pakistan, six from Laos, and 10 Chinese nationals.

This coordinated effort to dismantle human trafficking and fraud networks is not limited to the efforts in Thailand. Just as the Thai authorities work with the Lao Embassy to ensure the safe return of trafficking victims, China has also been taking decisive action against criminal networks operating in northern Myanmar. 

In a related crackdown, China’s Supreme People’s Procuratorate has made strides in combating telecom fraud, with over 40,000 individuals arrested and more than 29,000 prosecuted by late 2024. 

The operation also included legal action against the Ming family, a group active in Myanmar’s Kokang Self-Administered Zone. In December, charges were filed against 39 members of the group for telecom fraud and illegal armed activities.

Between January and November 2024, over 67,000 people were prosecuted for telecom and online fraud in China, a 58.5 percent increase from the previous year. Additionally, the National Immigration Administration investigated more than 35,000 border-related crimes, resulting in the arrest of 79,000 suspects and the dismantling of 906 criminal gangs. 

To date,authorities across the region continue their efforts to strengthen border security and combat cross-border fraud operations.

INFOMEDIA TO ACQUIRE 50% OF INTELLEGAM – AN ENTREPRENEURIAL AUTOMOTIVE AI STARTUP IN EUROPE

SYDNEY, Feb. 14, 2025 /PRNewswire/ — Infomedia Ltd (ASX: IFM) is pleased to announce that it has entered into a binding agreement to acquire 50% of European AI startup, Intellegam GmbH (Intellegam), for a purchase price of ~A$10[1] million. This is a strategic move that will accelerate our innovation agenda and unlock product-led growth across our global data ecosystem. This partnership combines Infomedia’s deep automotive expertise and trusted global OEM relationships with Intellegam’s cutting-edge generative AI technology, creating a powerhouse for innovation. 

Infomedia announces it has entered into a binding agreement to acquire 50% of European AI startup, Intellegam GmbH
Infomedia announces it has entered into a binding agreement to acquire 50% of European AI startup, Intellegam GmbH

Together, Infomedia and Intellegam will redefine solutions for OEMs, dealerships, and vehicle owners – making insights smarter, operations faster, and customer experiences more meaningful.

Transaction Summary

The purchase price of ~A$10 million is split between cash and Infomedia shares and will be paid over two years. ~A$2m of the consideration will be invested directly into Intellegam to provide the business with working capital.  

The agreement provides Infomedia with the pathway to acquire the remaining 50% of Intellegam over five years, subject to the achievement of defined financial and strategic hurdles.

The future valuations of Intellegam are linked to both revenues and profitability and are capped at appropriate levels that ensure the dual objectives of providing incentives for the selling shareholders of Intellegam and financial certainty to Infomedia. 

Strategic Highlights

  • Intellegam is an early-stage European AI startup, primarily servicing the retail automotive sector
  • Intellegam has developed –
    o   a proprietary B2B generative AI technology already used by two Chinese OEM brands in Europe. This product leverages Intellegam’s innovative AI capability to enhance repair data interpretation and customer experience
    o   a unique and scalable IP across the entire AI value chain including data capture, data structuring, search, agent orchestration framework, customized LLM and UI/UX integration
  • Intellegam’s technologies will be integrated into Infomedia’s core product suite and together with Infomedia’s rich data assets, will enable Infomedia to offer additional AI features and functionality to cross- and upsell to its existing customer base
  • Intellegam’s management team is highly incentivised to develop and grow the combined business over the coming 5 years
  • Not expected to have a material impact on FY25 P&L

Infomedia’s CEO, Jens Monsees said:

The partnership with Intellegam is an exciting milestone for Infomedia. Intellegam will bring cutting-edge generative AI technology, that’s purpose-built for the automotive sector, into our business.  With a proven turn-key product in market with two Chinese OEM brands and scalable IP ready to go, this acquisition reinforces our commitment to delivering intelligent, data-driven solutions that power the automotive ecosystem. By combining Intellegam’s innovative AI technology with our industry-leading automotive software and data solutions, we will enhance our existing product portfolio and bring new solutions to our customers. We look forward to welcoming the Intellegam team to Infomedia and working together to drive global opportunities.”

Intellegam’s CEO, Tobias Hetfleisch said:

“This partnership with Infomedia marks a significant step toward tackling new challenges in the automotive sector.

“The automotive industry is undergoing rapid transformation, driven by connected cars, evolving customer expectations, and workforce shortages. Businesses are seeking smarter solutions that not only streamline operations but also enhance decision-making. By harnessing AI, companies can bridge knowledge gaps, improve efficiency, and stay ahead in a highly competitive market.

“Marc, Hannes, and I founded Intellegam with a clear mission: to transform unstructured, complex data into actionable knowledge. By collaborating with Infomedia, we’re bringing our technology where it matters most – equipping automotive businesses with AI solutions that genuinely support them through industry changes.”

The transaction is subject to satisfying customary closing conditions.

Profile of Intellegam

Established in March 2023 Intellegam is an early-stage European AI startup founded by Marc Gehring, Tobias Hetfleisch and Hannes Burrichter who were joined by Franz Wimmer, a former BMW executive. Intellegam currently provides the following solutions and services to enterprises customers.

  • Hands off automated data ingestion & update
  • Intuitive interaction with company information
  • Secure architecture through cloud technology
  • Transparency about the source of information
  • Accuracy based in curated and referenced data to mitigate hallucination or false information; and
  • Integrated process, workflows and systems

Among its customers are two Chinese OEM brands using its Repair AI solution in Europe.

Infomedia continues to assess further organic and inorganic growth opportunities, with a focus on enhancing its core platform capabilities, growing its customer base and increasing its reach across geographic markets.

Investor Webinar

Infomedia will host a webinar for investors at 1pm today. Please use the following link to register and join.

Webinar registration link: https://openexc.zoom.us/webinar/register/WN_vun8AayzQJipuuuqyfJKxA

This release was authorised by the Board of Infomedia Limited.

About Infomedia: Infomedia Ltd (ASX: IFM) is a leading global provider of DaaS and SaaS solutions that empowers the data-driven automotive ecosystem. Infomedia’s solutions help OEMs, NSCs, dealerships and 3rd party partners manage the vehicle and customer lifecycle. They are used by over 250,000 industry professionals, across 50 OEM brands and in 186 countries to create a convenient customer journey, drive dealer efficiencies and grow sales. Please visit Infomedia’s website https://www.infomedia.com.au and YouTube channel https://www.youtube.com/infomedialtd  for more information.

[1] Paid in EUR at a fixed EUR of 0.61

 

ATFX Attends ACBC NSW Chinese New Year Gala 2025, Strengthening Australia-China Business Ties

SYDNEY, Feb. 14, 2025 /PRNewswire/ — ATFX was honored to participate in the ACBC NSW Chinese New Year Gala 2025, a premier event that brings together business and government leaders to celebrate the strong economic relationship between Australia and China. Held on February 10, 2025, at Doltone House Jones Bay Wharf in Sydney, the event provided an opportunity to engage with key stakeholders and reinforce ATFX’s commitment to the region.

The gala was attended by Her Excellency the Honourable Sam Mostyn AC, Governor-General of Australia, who represents King Charles III, and Consul General Wang Yu of the People’s Republic of China, highlighting the significance of the event in strengthening bilateral ties.

Representing ATFX at the gala were Simon Naish, Country Head of ATFX Australia, and Jeffrey Siu, Chief Operating Officer (COO) of ATFX. During his speech, Jeffrey highlighted the importance of collaboration in today’s evolving global landscape. Coming from Hong Kong, he emphasized how ATFX, with operations in over 23 locations worldwide, thrives by embracing cultural diversity and fostering mutual understanding. He also expressed appreciation for the warm reception the company has received since establishing its presence in Sydney, marking its first full year of operation in Australia.

“This gala is a testament to the strong ties and friendship between Australia and China,” Jeffrey Siu shared. “While the world has changed significantly, events like these remind us of the importance of collaboration and mutual understanding. ATFX is proud to be part of this community, promoting business ties and friendship between our nations.”

The ACBC NSW Chinese New Year Gala serves as a significant platform for business leaders to discuss economic opportunities and strengthen relationships. As ATFX continues to expand its presence in Australia, its participation in such events reflects the company’s dedication to fostering global partnerships and providing innovative financial services.

ATFX extends its best wishes for a prosperous Year of the Snake and looks forward to furthering collaboration in both the Australian and international markets.

About ATFX

ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK’s FCA, Australian ASIC, Cypriot CySEC, UAE’s SCA, Hong Kong SFC and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.

For further information on ATFX, please visit ATFX website https://www.atfx.com.

PUYI OPTICAL and ZEISS Officially Become Global Strategic Partners

Offering an Elevated Professional Vision Care Experience at the PUYI VISION CARE LAB in Central


HONG KONG SAR – Media OutReach Newswire – 14 February 2025 – PUYI OPTICAL is delighted to announce its partnership with ZEISS as a “Global Strategic Partner.” The collaboration will enhance the offerings at the PUYI VISION CARE LAB in the Central flagship store by integrating the optical expertise from professional optometrists and a full suite of ZEISS optical instruments and cutting-edge technology, delivering personalized vision care solutions. From prescription to optical lens customization, customers will experience the exceptional and attentive service offered by PUYI OPTICAL and ZEISS.

PUYI OPTICAL and ZEISS Officially Become Global Strategic Partners

ZEISS strengthens commitment to the Asia-Pacific region

PUYI OPTICAL and ZEISS have been collaborating seamlessly in the optical field, transcending traditional business boundaries and redefining new integration on innovative technology and exceptional service. In 2013, the first “PUYI ZEISS Optical Lab” was launched at Puyi’s flagship store in Central, equipped with a comprehensive suite of state-of-the-art ZEISS optical instruments and extensive vision care solutions. This successful model has since been expanded to all PUYI OPTICAL stores in Hong Kong, Macau, Mainland China, Taiwan, and Singapore, effectively addressing diverse vision care needs. The successful launch of the ZEISS SmartLife PRO lens in 2020 also resulted in significant sales growth across PUYI OPTICAL stores.

The designation of “Global Strategic Partner” signifies that PUYI OPTICAL and ZEISS will integrate their long-standing commitment to customer-centricity into a pivotal component of product research and development. In alignment with the growing trend towards consumer focus, the collaboration between Puyi and ZEISS would develop the most suitable optical products. Therefore, ZEISS’s business development efforts will concentrate on the Asia-Pacific region, bringing together its top research teams to establish a global innovation hub. This initiative will not only significantly enhance research and development cycles to meet the demands of a vast and promising global market but also reinforce the increasing importance of the Asian market to ZEISS.

Mr. Jeffery Yau, the founder and CEO of PUYI OPTICAL, expressed his enthusiasm about the partnership with ZEISS. They are thrilled that PUYI OPTICAL has officially become a ‘Global Strategic Partner’ with ZEISS. They are committed to providing innovative and exceptional retail services, leveraging ZEISS’s advanced technology and expertise to enhance customers’ vision care experiences. As a pioneer in their respective fields, the partnership between PUYI OPTICAL and ZEISS would drive continuous product innovation to meet the evolving needs of their customers. Together, they will elevate the overall experience in vision care, delivering superior services and products.

Mr. SVEN HERMANN, member of the Executive Board of Carl Zeiss AG, Head of ZEISS Consumer Markets Segment, stated PUYI OPTICAL, as ZEISS’s core partner in China and Singapore, has set a new standard in the global optical retail sector with its exceptional service experience. He expressed his honor in elevating this collaboration to “Global Strategic Partner” and highlighted the exclusive launch of personalized optical solutions, such as the ZEISS SmartLife PRO Individual 3.0 and ZEISS i.Scription, which offered customers an unparalleled optical experience. Furthermore, Sven revealed that ZEISS LuminArt, set to launch in 2025, marks a groundbreaking advancement that will significantly enhance the overall experience in vision care.

PUYI VISION CARE LAB offers premium professional vision care services

The newly established PUYI VISION CARE LAB is located in THE MARQUE, the flagship store of PUYI OPTICAL in the heart of Central. The lab combines the expertise of PUYI OPTICAL’s professional optometrists with an extensive suite of ZEISS optical instruments and cutting-edge technology. This setup provides customers with comprehensive eye health and vision assessments. The exclusively introduced precision refractive instrument, i.Profiler® Plus, accurately captures visual performance from eyes, consolidating it into comprehensive prescription information. This is complemented by the ZEISS VisuFit 1000 digital centration device, which captures data on frame and facial features. Through meticulous facial measurements and frame fitting analyses, customized lenses are tailored to fit the frames perfectly, ensuring a personalized and comfortable visual experience for customers. Furthermore, the facility is equipped with medical-grade ZEISS instruments and technology, enabling comprehensive personal vision analysis, precise eye measurements, and performance assessments. This allows customers to gain a deeper and more thorough understanding of their eye health.

Exclusive ZEISS’s lens customization solutions

As the demand for personalized lenses continues to increase, customers now expect lenses tailored to their specific vision needs and lifestyles. This trend has driven PUYI OPTICAL and ZEISS to enhance their efforts in providing precise personalized prescription services and high-quality lifelong vision care solutions. To address the need for customized lenses, PUYI OPTICAL has exclusively launched the ZEISS SmartLife PRO Individual 3.0. This product features intelligent design to meet the diverse visual needs of modern individuals. By utilizing advanced screening instruments and professional optometric services, the system collects individual data from customer’s eyes, accurately capturing their unique visual needs and behaviors to create lenses that perfectly align with their vision requirements.

Additionally, PUYI OPTICAL has exclusively introduced ZEISS i.Scription® lens technology. This advanced visual measurement technology not only enhances the accuracy of the lenses but also provides a personalized vision care solution for each customer. By capturing a greater volume of visual data, ZEISS i.Scription® allows for precise assessments of individual vision needs and the customization of lenses based on their prescriptions and facial contours. Utilizing sophisticated instruments, this technology conducts comprehensive measurements of the eyes, ensuring that the lenses deliver clearer and sharper visual results both during the day and under artificial lighting at night.

Two Brands, One Vision

Over the past decade, PUYI OPTICAL and ZEISS have evolved from an initial collaboration into a global partnership, driven by their shared belief in “Two Brands, One Vision.” This common vision has enabled PUYI OPTICAL and ZEISS to seamlessly combine retail expertise with cutting-edge technology. Looking ahead, they will continue to develop the most suitable optical products for the market and explore new frontiers in the eyewear industry together.Hashtag: #PuyiOptical #ZEISS

The issuer is solely responsible for the content of this announcement.

About Puyi Group

Established in 2001, Puyi Group was founded with the ambition to create the most prestigious and sophisticated experiences in eyewear. In the past decades, The Group has successfully transformed the role of eyewear from an ordinary necessity to a sophisticated accessory and has paved its way as a global leader and pioneer in luxury eyewear. With customers as its foremost priority, the Group strives to offer prestigious, personalised and one-stop eyewear experiences. Puyi Group selectively collaborates with globally-renowned eyewear and fashion brands to bring forth an unparalleled assortment of high-quality eyewear products. The Group offers professional services, introduces cutting-edge eye exam equipment and engages the corporate social responsibility to bring vision care and eyewear experiences to new heights.

Puyi Group boasts a substantial retail presence across Mainland China, Hong Kong and Macao Special Administrative Regions, Taiwan Regions, and Singapore.

Puyi Group has created a variety of luxury retail concepts: Puyi Optical (Luxury & Prestige) * Glasstique (Contemporary) * Point De Vue (Male Concept Store) * Reflections (Female Concept Store) * O-O Shop (Modern Concept) * 2020EYEhaus (Lifestyle). The Group also runs standalone boutiques for international brands, such as GENTLE MONSTER, LINDA FARROW, LINDBERG by PUYI OPTICAL and LOTOS.

Puyi Group is a member of Europe Group, and a sister company of Europe Watch Company.
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About ZEISS

As a top optical brand with a history spanning 178 years, ZEISS is one of the impactful optical product brands in the world. For over a century, ZEISS has led the market by delivering exceptionally high-quality optical products and professional expertise. As a forward-thinking classic optical brand, ZEISS has never ceased its pursuit of ultimate precision and innovative technology in the manufacturing of optical lenses. The brand aims to be a lifelong partner in vision care for everyone, dedicated to ensuring that individuals can see as clearly and as far as possible. This commitment stems from our deep belief that each person’s vision is uniquely different.

Zeekr Group Announces the Closing of Strategic Integrated Transactions

HANGZHOU, China, Feb. 14, 2025 /PRNewswire/ — ZEEKR Intelligent Technology Holding Limited (“Zeekr Group” or the “Company”) (NYSE: ZK), the world’s leading premium new energy vehicle group, today announced the closing of Strategic Integration Transactions with Geely entities that was previously announced on November 14, 2024. Following the completion of such transactions, Lynk & Co has become the Company’s indirect non-wholly-owned subsidiary.

Capitalized terms not otherwise defined herein shall have the same meaning as defined in the Form 6-K filed with the Securities and Exchange Commission in relation to the Strategic Integration Transactions on November 14, 2024.

About Zeekr Group

Zeekr Group, headquartered in Zhejiang, China, is the world’s leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk & Co and Zeekr, Zeekr Group aims to create a fully integrated user ecosystem with innovation as a standard. Utilizing its state-of-the-art facilities and world-class expertise, Zeekr Group is developing its own software systems, e-powertrain and electric vehicle supply chain. Zeekr Group’s values are equality, diversity, and sustainability. Its ambition is to become a true global new energy mobility solution provider.

For more information, please visit https://ir.zeekrlife.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward- looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “future,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor Relations Contact

In China:

ZEEKR Intelligent Technology Holding Limited
Investor Relations
Email: ir@zeekrlife.com

Piacente Financial Communications
Tel: +86-10-6508-0677
Email: Zeekr@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: Zeekr@thepiacentegroup.com

Media Contact

Email: Globalcomms@zeekrgroup.com

 

YR Fitness Unveils the Secret to Successful Gym Layout Design

SHANGHAI, Feb. 14, 2025 /PRNewswire/ — Success in the fitness industry goes beyond high-end equipment and expert trainers. According to YR Fitness, effective gym layout design is a game-changer, boosting member satisfaction, safety, and retention.

“A well-designed gym creates an environment that motivates and caters to diverse fitness needs,” says George Yang, Founder of Yanre Fitness. By combining strategic space planning and advanced equipment, the company helps gym owners optimize functionality and aesthetics.

With tailored solutions for gyms of all types, YR Fitness continues to lead the way in transforming fitness spaces. George Yang, Founder and Chief Product Designer of Yanre Fitness, is sharing insights into CrossFit gym layout strategies:

1. Principles of Effective Gym Layout Design

In crafting the ultimate gym space, the underlying principles of design form the bedrock of success. An in-depth understanding of space planning, equipment selection, lighting, and more can set the gym apart. We’ll dissect the vital principles that make up an effective gym layout design.

Maximizing Space Utilization

Maximizing the use of every square foot is crucial in gym layout design. It ensures that the facility serves various purposes without feeling cluttered. Efficient layout designs can be achieved by integrating versatile equipment and storage solutions. As a gym business owner, I’ve seen YR Fitness products are known for being space-efficient, allowing gym owners to maximize the utilization of their space.

Ensuring Accessibility

The gym layout should be designed with accessibility in mind, ensuring that all equipment and spaces can be accessed without difficulty. Pathways should be clear and wide enough to facilitate easy movement. Gym members are more likely to return to a facility if they find it easy to navigate. Also, accessibility features, such as ramps and wider doorways, are essential to accommodate all members, including those with disabilities. YR Fitness provides gym owners with consultation to ensure these features are implemented correctly.

Promoting Safety

A paramount aspect of gym layout design is promoting safety to reduce the risk of accidents and injuries. This can be achieved through regular safety inspections.This will help to easily identify potential hazards, and proper signage, and implement safety protocols throughout the gym, such as emergency exits, first aid stations, and fire prevention measures. YR Fitness also offers guidance on optimal safety practices. Here are some points to explore:

  • Traffic Flow Management
    A gym layout designed to manage traffic flow efficiently contributes to enhanced safety within the facility. By creating designated areas for different types of exercises and grouping similar equipment together, the gym can minimize congestion and reduce the chances of accidents or injuries due to overcrowding.
  • Optimal Equipment Placement
    The positioning of equipment within a gym is crucial for promoting safety. Equipment should be laid out in an organized fashion with ample space between each piece to allow members to move freely and access equipment easily. YR Fitness products come with layout recommendations to simplify this task.
  • Adequate Lighting
    Proper lighting in a gym is a vital element in ensuring the safety of members. Inadequate lighting can be a safety hazard as it makes it difficult for members to see clearly, increasing the risk of tripping, dropping weights, or using equipment incorrectly. YR Fitness equipment integrates lighting-friendly designs, allowing gym owners to create well-lit, inviting spaces.
  • Cleanliness and Hygiene
    A gym layout that incorporates cleanliness and hygiene features is essential for member safety, especially in the context of contagious diseases like COVID-19. Design features like sanitizing stations and designated spaces for equipment cleaning can contribute to a cleaner environment. An uncluttered layout that facilitates easy cleaning and maintenance helps in reducing the spread of germs and ensures a safer space. Many gyms that use YR Fitness equipment report easier maintenance and hygiene management.

Inviting Atmosphere

A gym should be aesthetically pleasing, as an inviting atmosphere can motivate members to work out more effectively. The choice of colors, lighting, and even the placement of plants can make a difference. Boutique facilities often focus on interior design to create the best environments. An example of good practice is to use ample natural light, which has been shown to positively affect mood and energy levels. In collaboration with YR Fitness, many gyms have optimized their layouts for a brighter, more welcoming atmosphere.

2. Essential Areas in Gym Layout Design

The heart and soul of a gym are the areas dedicated to various forms of exercise and amenities. According to IHRSA, the facility design should fit the market and the business model. Let’s delve into the essential areas that a gym should encompass, and how to design these spaces.

Entrance and Reception Area

The entrance and reception area is the first space that members see, so it should be welcoming and organized. This area should facilitate member check-ins efficiently and provide space for new members to inquire about services. First impressions play a crucial role in shaping member perceptions. It is recommended to keep the reception area decluttered and bright to create a welcoming and organized atmosphere. YR Fitness experts recommend keeping this area equipped with digital check-in systems to enhance the member experience.

Cardiovascular and Aerobic Zone

The cardiovascular and aerobic zone should have enough space to house treadmills, elliptical trainers, and other cardio machines. Ensure that machines are not too close together to avoid accidents. There are gyms that placed the cardio machines facing the windows, which many members found inspiring as they could enjoy a view while exercising. YR Fitness cardio equipment is designed with such flexible placement in mind.

Strength Training Section

The strength training area requires ample space for weight machines, benches, and racks. It should also include a free weights section. Placing mirrors on walls can be beneficial for members to monitor their form. Believe it, nobody likes a cramped weights section, and a pro tip is to have designated spaces for dumbbells and barbells to avoid clutter. YR Fitness provides customizable rack solutions to prevent overcrowding.

Functional Training

This area is for exercises that use body weight and should have ample floor space for members to do stretches and functional exercises. It can include equipment like resistance bands and kettlebells. Gym members appreciate when this space is not directly adjacent to the cardiovascular zone, as it’s generally quieter. Many gyms collaborate with YR Fitness for tailored functional training zones.

Group Exercise and Studio Spaces

Rooms for group exercises and studios should be soundproofed to prevent noise from filtering through the rest of the gym. They should be spacious enough to accommodate members comfortably. Some gym owners invested in a state-of-the-art sound system for their group exercise space, which has been a huge hit. YR Fitness has helped numerous studios integrate smart tech for group training.

Locker Rooms and Changing Facilities

Locker rooms and changing facilities should be clean and well-maintained. They should provide ample lockers, showers, and changing areas to prevent queues, especially during peak times. Cleanliness in locker rooms remains a top priority for members. Many gyms using YR Fitness equipment also take advantage of layout consultation services to achieve optimal locker room design.

Circulation Paths and Walkways

Paths and walkways should be clear and logically laid out to guide members through the gym easily. A clear layout is part of the member journey and has a positive effect on member experience. One of the best practices is to have the walkways wide enough to avoid congestion, especially during peak hours. YR Fitness offers expert advice on flow management within gym facilities.

3. Incorporating Technology in Gym Design

In this digital age, technology integration is paramount in enhancing the client experience. Incorporating elements such as sound systems, digital displays, and fitness tracking software can revitalize the gym’s environment. Let’s explore the innovative ways technology can be woven into gym layout design.

Digital Fitness Platforms

The integration of digital fitness platforms and apps is essential for modern gyms. These tools can help members track their fitness progress and access workout plans. For example, YR Fitness offers a range of smart fitness equipment compatible with various fitness apps, allowing gym owners to seamlessly integrate technology into their space.

Smart Equipment

Smart equipment is an innovative addition to any gym, offering connectivity to apps and providing performance feedback. These connected training systems can deliver a tailored experience, adjusting to members’ fitness levels and goals. Many gyms have found that investing in YR Fitness smart equipment enhances the overall member experience and distinguishes their facilities from competitors.

Tracking and Monitoring Devices

Tracking and monitoring devices such as wearables and heart rate monitors can be integrated into the gym layout. These devices help members analyze their performance and stay motivated. Gyms have reported an increase in member engagement after introducing these devices. YR Fitness collaborates with facilities to ensure seamless integration of these technologies.

4. Common Mistakes in Gym Layout Design and How To Avoid Them

The gym layout is more than just an arrangement of equipment; it’s an essential component of the member experience. A well-thought-out layout can keep members engaged, while common mistakes can make the space inefficient and less inviting. Let’s dissect the common mistakes and how they can be avoided.

Overcrowding Equipment

One of the most common mistakes in gym layout design is overcrowding the equipment. Not only does this create an uncomfortable atmosphere, but it can also be a safety hazard. Striking a balance between maximizing space and ensuring enough room for movement and social distancing is crucial. Many gyms ensure at least 6 feet of distance between equipment to promote a safe and comfortable environment. YR Fitness equipment helps gyms optimize their layouts to avoid this issue.

Ignoring Flow of Movement

Ignoring the flow of movement can result in a chaotic and confusing gym layout. Ensuring a logical flow that guides members seamlessly through different workout zones is essential. Members tend to appreciate an intuitive layout that allows them to move smoothly from one area to another. A common approach is to group similar equipment together and maintain clear circulation paths. YR Fitness offers planning tools designed to streamline this process and enhance the overall member experience.

Comfort and Convenience

Comfort and convenience are critical factors in retaining members. Neglecting aspects such as ventilation, locker rooms, and hydration stations can negatively impact the member experience. Proper lighting and ventilation are essential for creating a safe and comfortable environment. It is good to invest in high-quality HVAC systems and strategically placed water stations for members’ convenience. Many gyms working with YR Fitness have prioritized these features with great success.

5. Key Factors To Consider When Designing a Gym Layout

When embarking on designing a gym layout, there are several key factors that should be taken into consideration to ensure the space is not only functional but also conducive for workouts. Let’s explore these considerations and how they impact gym layout design.

#1 Available Space

The available space is one of the first factors to consider. It dictates the amount and type of equipment that can be accommodated. Space planning involves maximizing the use of space while ensuring that equipment is placed logically and accessible for clients. Some gyms use a gym layout planner app to help visualize the space and make the most out of it. YR Fitness offers space optimization services to help gym owners plan effectively.

#2 Type of Gym

The type of gym dictates the layout design. Understanding the specific needs of each gym type is crucial in creating a layout that enhances the member experience. Below are some examples to explore:

  • Commercial Big Box Gyms
    Commercial Big Box Gyms generally possess a spacious area for cardio machines and an ample section for weight training. They also usually feature group classes and supplementary amenities, such as basketball courts. The wide array of options caters to diverse fitness needs and preferences. These gyms are ideal for individuals who fancy flexibility and variety in their workout routines.
  • Boutique Gyms
    This is an excellent choice for those who are considering opening a gym and seeking specialized training or a more intimate and customized gym environment. They are smaller, specialized fitness centers that focus on high-quality, personalized experiences. With a cozier environment and limited membership, these gyms provide a more communal and personalized experience. Many boutique gyms rely on YR Fitness for specialized equipment setups.
  • Women’s Only Gyms
    Exclusively for women, these gyms create a comfortable and supportive environment for female fitness enthusiasts. They provide equipment and amenities tailored to women’s fitness needs. This type of gym is ideal for women who prefer working out in a more private setting, free from the common hustle and bustle of mixed-gender gyms.
  • Rock Climbing Gyms
    These gyms are primarily focused on rock climbing activities. They feature various climbing walls and boulders, catering to different skill levels. Rock climbing is a full-body workout that also offers mental challenges as climbers must strategize their routes. These gyms often foster a tight-knit community, making them ideal for those looking for a combination of physical and mental exercise in a communal setting.
  • CrossFit Gyms
    CrossFit Gyms offer high-intensity workouts that blend strength training, cardio, and coordinated movements. Workouts of the Day (WODs) keep the routines fresh and challenging. These gyms are equipped to support CrossFit’s intense exercise philosophy. The sense of competition and community in these gyms is robust, and they attract those who thrive in such environments.

#3 Target Audience

Knowing the target audience is essential for gym layout design. If the gym mainly caters to individuals seeking strength training, the weights section should be prominent. Conversely, a gym targeting aerobic enthusiasts should have ample space for classes and cardio equipment. Conducting a survey to understand the members’ preferences can significantly influence the layout design. YR Fitness often works closely with gym owners to customize layouts based on target demographics.

#4 Safety and Accessibility Features

The list below highlights the key features and considerations related to safety and accessibility in gym layout design. Discover how prioritizing emergency exit accessibility, slip and fall prevention, equipment placement, compliance with accessibility standards, regular safety audits, and proper lighting contribute to a safe and inclusive gym environment, ensuring member well-being and adherence to the highest safety standards.

  • Emergency Exit Accessibility:
    Gym design should prioritize easy access to emergency exits with clear, unobstructed pathways. Signage and proper lighting should guide members to the nearest exits for swift evacuation during emergencies. YR Fitness partners with gym owners to plan emergency exit routes as part of a safe design.
  • Slip and Fall Prevention:
    Non-slip flooring materials, such as rubber surfaces, should be used in high-traffic and moisture-prone areas like locker rooms and showers. Regular cleaning and maintenance are necessary to keep floors safe and hazard-free. Many gyms working with YR Fitness use these flooring solutions to prevent accidents.
  • Equipment Placement and Spacing:
    Proper equipment arrangement and adequate spacing allow for ease of movement and reduce the risk of accidents or collisions. Pathways and emergency exits must remain unobstructed by equipment. YR Fitness provides modular equipment that facilitates optimized layouts with clear circulation paths.
  • Compliance with Accessibility Standards:
    Gym layouts should comply with accessibility requirements, offering equal access for all members, including those with disabilities. This includes wheelchair-accessible entrances, ramps, elevators, and adaptive equipment options. YR Fitness works closely with gym owners to ensure compliance with these accessibility standards.
  • Regular Safety Audits and Inspections:
    Conducting regular safety audits ensures the gym meets safety standards. Audits assess emergency preparedness, equipment maintenance, flooring conditions, and adherence to regulations. Prompt resolution of safety issues maintains a secure environment. Many gyms that use YR Fitness equipment include scheduled safety inspections in their operations.
  • Proper Lighting and Visibility:
    Adequate lighting throughout the gym enhances visibility, reducing accident risks and promoting a sense of security. All areas, including walkways, workout zones, locker rooms, and parking lots, should be well-lit. YR Fitness equipment layouts are designed to accommodate optimal lighting for all workout areas.
  • Safety Signage and Instructions:
    Clear safety signage should be displayed throughout the gym to provide instructions, warnings, and emergency procedures. Easily accessible safety information promotes awareness and informed behavior among members. YR Fitness experts recommend strategically placed signage near equipment zones.
  • Staff Training and Emergency Response:
    Gym staff should be trained in safety protocols, emergency response, first aid, and CPR. Well-prepared staff can respond swiftly and effectively to accidents or medical emergencies, ensuring members receive timely assistance. YR Fitness offers guidance on staff preparedness as part of its layout services.

Crafting a memorable customer experience is pivotal for the success of every gym. This involves considering the needs and preferences of the target audience and integrating them into the design. The aesthetics should resonate with the brand identity you wish to convey. For instance, if the gym caters to elite athletes, a high-performance environment with cutting-edge equipment and technology integration is essential. YR Fitness helps gym owners curate these experiences to build long-term loyalty.

Conclusion

As we have walked through the essentials of gym layout design, from understanding gym demographics to allocating space for various activities, this comprehensive guide has laid the foundation for creating a fitness space that maximizes efficiency, promotes safety, and fosters an inspiring environment for members.

Any gym business seeking top-of-the-line gym equipment to complement an exceptional layout should consider YR Fitness. Known for significant brand quality at factory prices, it is a go-to source for high-performance fitness equipment. Don’t hesitate to reach out to us for any questions or to discuss how we can meet your gym equipment needs. Contact us today!

For more information, contact:
YR Fitness

Email: sales@yanrefitness.com
Website:
yanrefitness.com  

Notice convening the Annual General Meeting of AB Electrolux

STOCKHOLM, Feb. 14, 2025 /PRNewswire/ — The shareholders of AB Electrolux (publ), reg. no. 556009-4178 (the “Company”), are hereby given notice of the Annual General Meeting to be held on Wednesday, March 26, 2025, at 4.00 p.m. (CET) at Bio Skandia, Drottninggatan 82 in Stockholm, Sweden. Admission and registration will commence at 3.00 p.m. (CET).

The Board of Directors has decided that the shareholders shall have the possibility to exercise their voting rights by postal voting before the Annual General Meeting, as instructed below.

The Annual General Meeting will be webcasted live via Electrolux Group’s website, www.electroluxgroup.com/agm2025.

The Annual General Meeting will be conducted in Swedish and simultaneously translated into English.

Registration and notification

Participation at the meeting venue

Shareholders who wish to participate at the meeting venue, in person or by proxy, must

  • be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on Tuesday, March 18, 2025; and
  • give notice of its participation no later than Thursday, March 20, 2025
    • by telephone +46 8 402 92 79 on weekdays between 9 a.m. and 4 p.m. (CET),
    • by post to AB Electrolux, c/o Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden, or
    • via Euroclear Sweden AB’s website, https://anmalan.vpc.se/EuroclearProxy/.

The notification shall include the shareholder’s name, personal or corporate identification number, address and telephone number, and any assistants (two at most).

If a shareholder is represented by proxy, a written and dated proxy signed by the shareholder shall be issued for the representative. A representative for a shareholder that is a legal entity shall provide a registration certificate or other supporting document that shows the authorized signatory of the shareholder. In order to facilitate registration at the Annual General Meeting, the proxy and/or registration certificate or other supporting documents should be sent to the Company to the address above well in advance of the Annual General Meeting.

Proxy forms are available on Electrolux Group’s website, www.electroluxgroup.com/agm2025 and are also provided by the Company upon request.

Postal voting

Shareholders who wish to participate in the Annual General Meeting by postal voting must

  • be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on Tuesday, March 18, 2025; and
  • give notice of its participation by casting its postal vote in accordance with the instructions below so that the postal vote is received by Euroclear Sweden AB on behalf of the Company no later than on Thursday, March 20, 2025.

Shareholders who wish to attend the meeting venue in person or by proxy, must give notice in accordance with the instructions listed under “Participation at the meeting venue” above. Hence, a notification of participation only through postal voting is not sufficient for shareholders who also wish to attend the meeting venue.

A special form shall be used for postal voting. The form for postal voting is available at Electrolux Group’s website, www.electroluxgroup.com/agm2025 and is also provided by the Company upon request.

The completed and signed form for postal voting shall be either sent by post to AB Electrolux, c/o Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden, or by e-mail to GeneralMeetingService@euroclear.com. Shareholders may also cast their postal vote electronically through verification with BankID via Euroclear Sweden AB’s website, https://anmalan.vpc.se/EuroclearProxy/.

If the shareholder submits its postal vote by proxy, a written and dated proxy signed by the shareholder must be enclosed to the form for postal voting. A representative for a shareholder that is a legal entity must enclose, to the form for postal voting, a registration certificate or other supporting document which shows the authorized signatory of the shareholder. Proxy forms are available on Electrolux Group’s website, www.electroluxgroup.com/agm2025 and are also provided by the Company upon request.

The shareholder may not provide specific instructions or conditions to the postal vote. If so, the vote (i.e., the postal vote in its entirety) is invalid. Further instructions and conditions are included in the form for postal voting and at Euroclear Sweden AB’s website, https://anmalan.vpc.se/EuroclearProxy/.

Shares registered in the name of a nominee

In order to be entitled to participate in the Annual General Meeting, by attending the meeting venue or by postal voting, a shareholder whose shares are registered in the name of a nominee must, in addition to giving notice of participation in the Annual General Meeting in accordance with the instructions above, register its shares in its own name so that the shareholder is listed in the presentation of the share register as of the record date on Tuesday, March 18, 2025. Such re-registration may be temporary (so-called voting rights registration), and request for such voting rights registration shall be made to the nominee, in accordance with the nominee’s routines, at such time in advance as decided by the nominee. Voting rights registrations that have been made by the nominee no later than Thursday, March 20, 2025, will be taken into account in the presentation of the share register.

Agenda

  1. Election of Chair of the Annual General Meeting.
  2. Preparation and approval of voting list.
  3. Approval of agenda.
  4. Election of two minutes-checkers.
  5. Determination as to whether the Annual General Meeting has been properly convened.
  6. Presentation of the Annual Report and the Audit Report as well as the Consolidated Accounts and the Group Audit Report.
  7. Presentation by the President and CEO.
  8. Resolution on adoption of the Income Statement and the Balance Sheet as well as the Consolidated Income Statement and the Consolidated Balance Sheet.
  9. Resolution on discharge from liability of the Directors and the President and CEO for 2024.
  10. Resolution on dispositions in respect of the Company’s profit or loss pursuant to the adopted Balance Sheet.
  11. Determination of the number of Directors and Deputies.
  12. Determination of fees to the Board of Directors and the Auditor.
  13. Election of Board of Directors and Chair of the Board. 
    1. Geert Follens (re-election)
    2. Petra Hedengran (re-election)
    3. Ulla Litzén (re-election)
    4. Torbjörn Lööf (re-election)
    5. Daniel Nodhäll (re-election)
    6. Karin Overbeck (re-election)
    7. David Porter (re-election)
    8. Michael Rauterkus (re-election)
    9. Yannick Fierling (new election)
    10. Torbjörn Lööf as Chair of the Board (re-election)
  14. Election of Auditor.
  15. Resolution on approval of the Remuneration Report.
  16. Resolutions on 
    1. transfer of own shares on account of company acquisitions; and
    2. transfer of own shares on account of the share program for 2023.
  17. Resolutions on 
    1. implementation of a performance based long-term share program for 2025; and
    2. transferring own shares to the participants in the long-term share program for 2025; or
    3. entering into an equity swap agreement with a third party.
  18. Closing of the Annual General Meeting.

Proposals for decisions

Item 1 – Election of Chair of the Annual General Meeting

AB Electrolux Nomination Committee, consisting of the Chair Christian Cederholm (Investor AB) and the members Marianne Nilsson (Swedbank Robur Funds), Anders Hansson (AMF Tjänstepension och Fonder), Carina Silberg (Alecta) and Torbjörn Lööf (Chair of the Board of AB Electrolux), proposes

  • Eva Hägg, member of the Swedish Bar Association, as Chair of the Annual General Meeting.

Item 2 – Preparation and approval of voting list

The voting list proposed for approval is the voting list drawn up by Euroclear Sweden AB on behalf of the Company, based on the Annual General Meeting’s register of shareholders, shareholders having given notice of participation and being present at the meeting venue, and postal votes received.

Item 10 – Resolution on dispositions in respect of the Company’s profit or loss pursuant to the adopted Balance Sheet

The Board of Directors proposes that no dividend shall be distributed for the fiscal year 2024 and that available funds shall be carried forward in the new accounts.

Item 11 – Determination of the number of Directors and Deputies

The Nomination Committee proposes that the number of Directors of the Company elected by the Annual General Meeting shall be nine and that no Deputies shall be appointed.

Item 12 – Determination of fees to the Board of Directors and the Auditor

The Nomination Committee proposes fees to Directors of the Board not employed by Electrolux Group as follows.

  • SEK 2,660,000 to the Chair of the Board and SEK 775,000 to each of the other Directors of the Board elected by the Annual General Meeting; and
  • for committee work, to the members who are appointed by the Board of Directors:
    SEK 392,000 to the Chair of the Audit Committee and SEK 248,000 to each of the other members of the Audit Committee, SEK 212,000 to the Chair of the People Committee and SEK 145,000 to each of the other members of the People Committee, and SEK 360,000 to the Chair of the Strategic Planning Committee and SEK 205,000 to each of the other members of the Strategic Planning Committee.

In addition to the above fees, the Nomination Committee also proposes that the following meeting fee will be paid to each Director, for each Board meeting in Sweden such Director attends in-person:

  • For a Director domiciled in the Nordics: 0
  • For a Director domiciled in Europe outside the Nordics: EUR 1,500
  • For a Director domiciled outside Europe: USD 3,000

The Nomination Committee further proposes that the Auditor’s fee be paid as incurred, for the Auditor’s term of office, on approved account.

Item 13 – Election of Board of Directors and Chair of the Board

The Nomination Committee proposes that the following persons are elected to the Board of Directors until the end of the Annual General Meeting 2026.

  • Re-election of the Directors Geert Follens, Petra Hedengran, Ulla Litzén, Torbjörn Lööf, Daniel Nodhäll, Karin Overbeck, David Porter and Michael Rauterkus;
  • New election of Yannick Fierling as Director; and
  • Re-election of Torbjörn Lööf as Chair of the Board of Directors.

A presentation of the proposed Directors of the Board is available on Electrolux Group’s website, www.electroluxgroup.com/agm2025.

Item 14 – Election of Auditor

The Nomination Committee proposes, in accordance with the recommendation by the Audit Committee, election of the audit firm Öhrlings PricewaterhouseCoopers AB as the Company’s auditor for the period until the end of the Annual General Meeting 2026.

Item 16 – Resolutions on a) transfer of own shares on account of company acquisitions; and b) transfer of own shares on account of the share program for 2023

The Company has previously, on the basis of authorizations by the Annual General Meeting, acquired own shares for the purpose of using these shares to finance potential company acquisitions, as a hedge for the Company’s share related incentive programs as well as to adapt the Company’s capital structure. The Board of Directors considers it to be of continued advantage for the Company to be able to use repurchased shares on account of potential company acquisitions and the Company’s share related incentive programs, and the Board of Directors therefore proposes the authorization to be renewed for the period until the following Annual General Meeting.

In view of the above, the Board of Directors proposes as follows.

a) Transfer of own shares on account of company acquisitions

The Board of Directors proposes the Annual General Meeting to authorize the Board of Directors, for the period until the next Annual General Meeting, on one or several occasions, to resolve on transfers of the Company’s own shares of series B in connection with or as a consequence of company acquisitions as follows.

  1. Own shares of series B held by the Company at the time of the Board of Directors’ decision on the transfer may be transferred.
  2. Transfer of shares may take place outside Nasdaq Stockholm as set out in Chapter 19, Sections 35–37 of the Swedish Companies Act.
  3. The shares may be transferred with deviation from the shareholders’ preferential rights. The reason for the deviation from the shareholders’ preferential rights shall be that transfer of own shares enables alternative forms of payment for company acquisitions which according to the Board of Directors is beneficial for the Company and contributes to increased shareholder value.
  4. Transfer of shares shall be made at a minimum price per share corresponding to an amount in close connection with the price of the Company’s share of series B on Nasdaq Stockholm at the time of the decision on the transfer.
  5. Payment for transferred shares may be made in cash, by contributions in kind or by a set-off of Company debt.

b) Transfer of own shares on account of the share program for 2023

The Board of Directors proposes that the Annual General Meeting resolves that the Company shall be entitled, for the period until the next Annual General Meeting, on one or several occasions, to transfer a maximum of 815,000 own shares of series B in the Company for the purpose of covering costs related to social security charges, that may arise as a result of the Company’s obligations under the previously adopted share program for 2023. Such transfers shall take place on Nasdaq Stockholm at a price within the prevailing price interval for the Company’s shares of series B at Nasdaq Stockholm from time to time.

Majority requirement

Valid resolutions in accordance with the Board of Directors’ proposals a) and b) above require that shareholders holding no less than two thirds of the votes cast as well as the shares represented at the Annual General Meeting are in favor of the proposals.

Item 17 – Resolutions on a) implementation of a performance based long-term share program for 2025, and hedging arrangements by either b) transferring own shares to the participants in the long-term share program for 2025 or c) entering into an equity swap agreement with a third party

Background

The Board of Directors in the Company has decided to propose a performance based long-term incentive program for 2025 (the “Share Program 2025”). The proposed program is in all material aspects unchanged compared with the share program for 2024, with the exception that a one-year performance period shall be applied with respect to the financial performance target (‘earnings per share’) whilst the three-year performance period shall remain for the other performance target (‘CO2 reduction’). The Board of Directors is convinced that the proposed program will be beneficial to the Company’s shareholders as it will contribute to the possibilities to recruit and retain competent employees in Electrolux Group, is expected to increase the commitment and the motivation of the program participants and strengthen the participants’ ties to the Company and its shareholders.

Proposals of the Board of Directors

In view of the above, the Board of Directors proposes that the Annual General Meeting resolves a) to implement the Share Program 2025, and hedging arrangements by either b) transferring own shares to the participants in the Share Program 2025 or c) entering into an equity swap agreement with a third party.

a) Resolution on implementation of a performance based long-term share program for 2025

The Board of Directors proposes that the Annual General Meeting resolves to implement the Share Program 2025 with the following principal terms and conditions:

  1. The program is proposed to include up to 800 senior managers and key employees of Electrolux Group, who are divided into seven participant groups; the President and CEO (“Group 1”), other members of Group Management (“Group 2”), and five additional groups for other senior managers and key employees (“Group 3–7”). Invitation to participate in the program shall be provided by the Company no later than on May 16, 2025.
  2. Participants are offered to be allocated shares of series B in the Company (“Performance Shares”), provided that the participant remains employed until January 1, 2028. Exemptions to this requirement may be prescribed in specific cases, including a participant’s death, disability, retirement or the divestiture through a sale, spin-off or otherwise of the participant’s employing company from Electrolux Group.
  3. The Performance Shares shall be based on maximum performance values for each participant group. The maximum performance value for the participants in Group 1 will be 100 per cent of the participant’s annual base salary for 2025, for participants in Group 2, 90 per cent of the participant’s annual base salary for 2025, for participants in Group 3, 80 per cent of the participant’s annual base salary for 2025, for participants in Group 4, 60 per cent of the participant’s annual base salary for 2025, for participants in Group 5, 50 per cent of the participant’s annual base salary for 2025, for participants in Group 6, 40 per cent of the participant’s annual base salary for 2025, and for participants in Group 7, 20 per cent of the participant’s annual base salary for 2025. The total sum of the maximum values of the Performance Shares defined for all participants will not exceed MSEK 541 excluding social costs.
  4. Each maximum performance value shall thereafter be converted into a maximum number of Performance Shares[1], based on the average closing price paid for the Company’s share of series B on Nasdaq Stockholm during a period of ten trading days before the day the participants are invited to participate in the Share Program 2025, reduced by the present value of estimated dividend payments for the period until shares are allotted.
  5. The calculation of the number of Performance Shares shall be connected to performance targets established by the Board of Directors for the performance period, for Electrolux Group’s (i) earnings per share[2] and (ii) CO2 reduction[3]. The performance targets adopted by the Board of Directors will stipulate a minimum level and a maximum level, with the relative weight of the performance targets (i) and (ii) being 80 per cent and 20 per cent, respectively. For the participants in Group 1 and 2 (Group Management), the granted Performance Shares based on (i) and (ii) will be multiplied by 0.75–1.25 depending on the outcome of a relative total shareholder return target[4]. The performance period is one year (financial year 2025) with respect to performance target (i) earnings per share and three years (financial years 2025–2027) with respect to performance target (ii) CO2 reduction as well as three years (financial years 2025–2027) with respect to the relative total shareholder return target for the participants in Group 1 and 2 (Group Management).
  6. Performance outcome of the established performance targets will be determined by the Board of Directors after the expiry of the respective performance period. If the maximum performance level is reached or exceeded, the allocation will amount to (and will not exceed) the maximum number of Performance Shares following from 3 and 4 above. If performance is below the maximum level but exceeds the minimum level, a proportionate allocation of Performance Shares will be made. No allocation will be made if performance amounts to or is below the minimum level. Information on the performance targets and the outcome will be provided no later than in connection with the allocation of Performance Shares in accordance with 7 below.
  7. If all conditions in the Share Program 2025 are met, allocation of Performance Shares will take place in the first half of 2028. Allocation will be free of consideration except for tax liabilities.
  8. Certain deviations in or adjustments of the terms and conditions for the Share Program 2025 may be made based on local rules and regulations as well as applicable market practice or market conditions or, where appropriate, due to group re-organizations, including cash settlement instead of delivery of shares under certain circumstances.
  9. The Board of Directors, or a committee established by the Board for these purposes, shall be responsible for the preparation and management of the Share Program 2025, within the framework of the aforementioned terms and conditions.
  10. If material changes would occur within Electrolux Group or on the market that, according to the Board of Directors’ assessment, would lead to the conditions for allocation of Performance Shares no longer being reasonable, the Board of Directors shall also have the right to make other adjustments of the Share Program 2025, including e.g. a right to resolve on a reduced allotment of Performance Shares.

Costs for the Share Program 2025

The total costs for the Share Program 2025, if the maximum number of Performance Shares are delivered, are estimated to a maximum of MSEK 629, which corresponds to approximately 2.61 per cent of Electrolux Group’s total employment cost for 2024. The costs will be recognized over the years 2025–2027, in accordance with IFRS 2. The costs have been calculated as the sum of salary costs, including social costs, and administration costs for the program. Administration costs are estimated to be less than MSEK 1. If no allotment of shares is made, only administration costs will arise.

The costs have been calculated based on the value, at the start of the program, of the Performance Shares that may be allotted at maximum performance, through transfer of own shares, with a reduction of the present value of estimated dividend payments during a three-year period. The estimate on maximum costs assumes maximum performance and that the number of participants that will leave Electrolux Group during the performance period is the same as the historical average since the introduction of share programs in 2004. In the calculation, a maximum share price of SEK 183 per share has been applied.

Hedging measures for the Share Program 2025

In order to implement the Share Program 2025 in a cost-effective and flexible manner, the Board of Directors has considered various methods for transfer of shares to the participants. The Board of Directors has found that the most cost-effective alternative is transfer of own shares and proposes as the main alternative that the Annual General Meeting resolves on transfer of own shares in accordance with item b) below.

Should the majority required under item b) below not be reached, the Board of Directors proposes that the Annual General Meeting resolves that the Company should be able to enter into an equity swap agreement with a third party in accordance with item c) below. The costs in connection with an equity swap agreement will be higher than the costs in connection with the transfer of own shares.

Number of shares, effects on key figures, etc.

The maximum number of Performance Shares that could be allotted to the participants under the Share Program 2025 shall be limited to 6,518,000, which corresponds to approximately 2.30 per cent of the total number of shares and 1.83 per cent of the votes in the Company.[5] The Share Program 2025 does not result in any dilutive effect on share capital or votes. If repurchased own shares are allocated under the Share Program 2025, the number of outstanding shares in the Company will increase with not more than 6,518,000 shares of series B, which corresponds to a maximum dilutive effect on earnings per share of approximately 2.36 per cent.[6] The dilutive effect on earnings per share is independent of the share price as Performance Shares are delivered free of consideration.

The total maximum increase in the number of outstanding shares of all outstanding share programs in the Company is estimated to be not more than 16,591,000 shares of series B, delivered free of consideration, corresponding to a dilutive effect on earnings per share of approximately 5.80 per cent.[7] In this calculation, the maximum allotment of shares has been assumed for the share programs 2025, 2024 and 2023.

b) Resolution on transfers of own shares to the participants in the long-term share program for 2025

In order to secure the delivery of Performance Shares in accordance with the terms and conditions of the Share Program 2025, the Board of Directors proposes that the Annual General Meeting resolves that the Company shall transfer a maximum of 6,518,000 shares of series B in the Company on the following terms and conditions:

  1. The right to receive shares shall be granted to participants within Electrolux Group covered by the terms and conditions pursuant to the Share Program 2025. Furthermore, subsidiaries within Electrolux Group shall have the right to acquire shares, free of consideration, and such subsidiaries shall be obligated to immediately transfer, free of consideration, shares to participants covered by the terms and conditions of the Share Program 2025.
  2. The participant shall have the right to receive shares during the period when the participant is entitled to receive shares pursuant to the terms and conditions of the Share Program 2025.
  3. Participants covered by the terms and conditions of the Share Program 2025 shall receive shares of series B in the Company free of consideration.
  4. The number of shares of series B in the Company that may be transferred under the Share Program 2025 will be subject to recalculation as a result of intervening bonus issues, splits, rights issues and/or other similar corporate events.

c) Resolution on entering into an equity swap agreement with a third party

In the event that the required majority under item b) above cannot be reached, the Board of Directors proposes that the Annual General Meeting resolves that the expected financial exposure of the Share Program 2025 shall be hedged by the Company entering into an equity swap agreement with a third party on terms and conditions in accordance with market practice, whereby the third party in its own name may acquire and transfer shares of series B in the Company to employees who participate in the Share Program 2025. Indicative costs for an equity swap agreement amount to approximately MSEK 45.

Conditions

The Annual General Meeting’s resolution to implement the Share Program 2025 in accordance with item a) above is conditional upon the Annual General Meeting resolving either in accordance with the proposal to transfer own shares of series B in the Company to participants in the Share Program 2025 in accordance with item b) above, or that an equity swap agreement with a third party may be entered into by the Company in accordance with item c) above.

Majority requirements

The resolution of the Annual General Meeting to implement the Share Program 2025 according to item a) above requires that more than half of the votes cast at the Annual General Meeting are in favor of the proposal. The resolution of the Annual General Meeting to transfer own shares according to item b) above requires that shareholders representing at least nine-tenths of the votes cast as well as the shares represented at the Annual General Meeting are in favor of the proposal. The resolution of the Annual General Meeting that the Company may enter into an equity swap agreement with a third party in accordance with item c) above requires that more than half of the votes cast are in favor of the proposal.

Preparation of the proposal for the Share Program 2025

The proposal for the Share Program 2025 has been prepared by the People Committee and the Board of Directors.

Other share related incentive programs

For a description of the Company’s outstanding share related incentive programs, reference is made to the Annual Report for 2024, note 27, and the corporate governance section on Electrolux Group’s website, www.electroluxgroup.com/en/. In addition to the programs described, no other share related incentive programs have been implemented.

Shares and votes

As of the day of announcement of this notice, there are in total 283,077,393 shares in AB Electrolux of which 8,191,804 are series A shares, each carrying one vote, and 274,885,589 are series B shares, each carrying one-tenth of a vote, corresponding to in total 35,680,362.9 votes. As of the same date the Company holds 12,581,075 own shares of series B, corresponding to 1,258,107.5 votes that may not be represented at the Annual General Meeting.

Shareholders’ right to receive information

The Board of Directors and the President and CEO shall at the Annual General Meeting, if any shareholder so requests and the Board of Directors considers that it can be done without material harm to the Company, provide information regarding circumstances that may affect the assessment of an item on the agenda and circumstances that may affect the assessment of the Company’s or its subsidiaries’ financial situation and the Company’s relation to other group companies. Shareholders wishing to submit questions in advance may send them to AB Electrolux, Attn: Office of the General Counsel, SE-105 45 Stockholm, Sweden or by e-mail at agm@electrolux.com.

Documents

The complete proposals from the Board of Director and the Nomination Committee are set out above. Proxy forms, postal voting form, a presentation of about the persons proposed as Directors of the Board, and the Nomination Committee’s explanatory statement etc., can be found on Electrolux Group’s website, www.electroluxgroup.com/agm2025. The Annual Report, the Auditor’s Report, the Auditor’s statement pursuant to Chapter 8, Section 54 of the Swedish Companies Act regarding the Remuneration Guidelines, and the Remuneration Report pursuant to Chapter 8, Section 53 a of the Swedish Companies Act, will be available no later than Wednesday, March 5, 2025 at AB Electrolux, S:t Göransgatan 143, SE 105 45 Stockholm, Sweden and on Electrolux Group’s website, www.electroluxgroup.com/agm2025. The documents will also be sent to shareholders who so specifically request and state their address.

For information on how your personal data is processed, see

https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf.

If you have questions regarding our processing of your personal data, you can contact us by emailing privacy@electrolux.com. AB Electrolux has company registration number 556009-4178 and the Board’s registered office is in Stockholm, Sweden.

Stockholm, February 2025
AB Electrolux (publ)
The Board of Directors

[1] With a possibility for the Board of Directors to make adjustments for extraordinary events such as bonus issue, split, rights issue and/or other similar events in accordance with customary practice for corresponding incentive programs.

[2] Earnings per share as defined in the financial statements (with a possibility for the Board of Directors to make adjustments for extraordinary events).

[3] The CO2 reduction target refers to greenhouse gas reductions within the following two areas: (i) operations and (ii) energy from product use, with the relative weight of the performance targets being 25 per cent for area (i) and 75 per cent for area (ii). The target will be measured on selected predefined product categories and regions.

[4] The relative total shareholder return target refers to the Company’s total shareholder return (“TSR”) (share price appreciation added by sum of all dividends received during the performance period) performance versus the FTSE EMEA Consumer Discretionary index during 2025–2027. If the Company’s TSR is at or below the lower quartile of the index, a multiplier of 0.75 will apply. If TSR is at or above the upper quartile, a multiplier of 1.25 will apply. If TSR is below the upper quartile but exceeds the lower quartile a proportionate multiplier between 0.75 and 1.25 will apply. The Board of Directors will have the possibility to make adjustments for extraordinary events such as a change of the composition of the index during the performance period.

[5] With a possibility for the Board of Directors to make adjustments for extraordinary events such as bonus issue, split, rights issue and/or other similar events in accordance with customary practice for corresponding incentive programs.

[6] Outstanding shares defined as the total number of issued shares in the Company reduced by the number of own shares held by the Company.

[7] Outstanding shares defined as the total number of issued shares in the Company reduced by the number of own shares held by the Company.

For further information, please contact Electrolux Press Hotline, +46 8 657 65 07.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux-group/r/notice-convening-the-annual-general-meeting-of-ab-electrolux,c4104907

The following files are available for download:

https://mb.cision.com/Main/1853/4104907/3262793.pdf

250214 Press release notice AGM 2025 AB Electrolux eng