Governance Shelly Group SE

Shelly Group AD, formerly Allterco AD is a Bulgaria-based company, which is primarily engaged in the acquisition, management, evaluation and sale of participations in Bulgarian and foreign companies. Its activities consists of acquisition, management and sale of bonds; acquisition, evaluation and sale of patents, assignment of licenses for the use of patents to companies in which The Company participates; financing of companies in which The Company participates. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Germany, and Slovenia as well as in China and USA. Through its subsidiaries, The Group is engaged in the development, production and trading in smart- The Internet of Things (IoT) devices and real estate management, operating in industry of Information technology (IT) Services and IT Consulting.