DGAP-Adhoc: Allterco JSCo forms Advisory Board

Publication of inside information according to Article 17 MAR

Allterco JSCo forms Advisory Board

Munich, 19 November 2021 - Allterco JSCo (Ticker A4L / ISIN: BG1100003166) ("Allterco"), a provider of IoT and smart home products based in Sofia, Bulgaria, informs that in compliance with Art. 34a of the Statute of the Company, adopted by the General Meeting of the Shareholders on 15 October 2021, the Board of Directors of Allterco JSCo has decided to establish an Advisory Board chaired by Mr. Gregor Bieler.

The objective of the formation of the Advisory Board is to attract professionals with international experience to support the business growth in terms of sales, management capacity, and operational processes. These are of importance for the development of the company, its recognition on the international market, and the increasing of its credibility with the investors.

The choice of Gregor Bieler as the chairman of the company's advisory body was provoked by his expertise in business transformations in international companies specialized in digital technologies. Gregor Bieler has been CEO of Aparavi Software AG since April 2021 and is one of the most respected leaders and pioneers of digital business and culture transformation.

For further information, please visit allterco.com

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