Significant events during the month

Carmudi’s gross margin continued to improve and monthly losses decreased significantly as the focus on increasing gross profitability and reducing opex continued.

EveHR continued to work on onboarding new clients as a result of customer acquisition campaigns and events. Additionally, the company restructured large parts of its team in order to take the final steps towards profitability.

The negotiation for the sale of Dragonlend to Gologiq is still ongoing, but pending the merger between RCRT and Gologiq, which has been slowed down by US regulatory and stock exchange approvals. Dragonlend is also actively looking for parallel potential suitors as backups.

For further information, please contact

Christopher Beselin, Chairman & IR
Phone: + 84-34-71273 14
Email: christopher.beselin@fram.asia

Tuyet Phan, Group Finance Director
Phone: + 84-79-8811021
Email: tuyet.phan@fram.asia

Per Rundblom, CEO
Phone: + 46-708445900
Email: per.rundblom@fram.asia

Certified Adviser

Svensk Kapitalmarknadsgranskning AB (SKMG), https://www.skmg.se

Briefly about Fram^

Fram^ is a listed investment company focused on the digital consumer, blockchain and other tech in Southeast Asia. The management group and board of Fram^ have 100 years of joint experience of company building and investments, both in emerging markets and in Europe. The company management's collective experience from global and regional leaders such as Kinnevik, Cevian Capital, Boston Consulting Group, Rocket Internet, Ericsson, Lazada and Bima constitutes a multifaceted and necessary foundation for successfully investing in companies in emerging markets and helping them to grow.

This information is information that Fram Skandinavien is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-03-11 08:00 CET.

Attachments

Fram Skandinavien AB (publ) publishes monthly NAV report, Feb 2024 - NAV reaches 67 SEK per share
Fram Monthly NAV Report Feb 2024

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