CEO's greetings

I am pleased to have started as the CEO of Resand, with a focus on achieving significant revenue growth and expanding our customer base in the international market. Over the past ten years, Resand has developed into a global player with strong technology, skilled personnel, presence in several countries, and impressive references from all over the world, especially from Europe and Mexico.

Our mission is to empower our customers to protect the planet and save resources by regenerating and recycling foundry sand. Our Resand® Sand As A Service model enables almost 100% sand recycling and reduces CO₂ emissions from sand use and transport by up to 80%. At the same time, it offers savings compared to current practices in the foundry industry, as the need for virgin sand and the amount of waste sand, as well as transport and energy costs, are reduced.

In September, we won the main prize of the AINO Quality Deed of the Year competition organised by Excellence Finland with our sand regeneration solution. The competition rewarded Finnish acts of development, quality, and innovation. The jury, consisting of a large group of experts from business and the public sector, emphasised the importance of Resand's innovation in solving a global problem – it is an act of responsibility that protects biodiversity and strengthens the competitiveness of Finnish industry in the future.

Promoting sustainability and responsibility are not only part of our company's strategy, but also my personal values. During my career, I have often seen how industrial development and environmental protection support each other, as long as we think boldly and innovate. I am particularly excited that Resand's solutions offer real change to the foundry industry and bring tangible benefits to both our customers and the environment.

In the spring funding round, Resand received more than EUR 5 million in additional funding from both a group of existing owners and new investors. The proceeds will primarily be used for Resand's internationalization and expansion of business into new markets, such as the United States. The demand for sand regeneration solutions is driven not only by the sustainability goals of the foundry industry but also by the requirement for cost-efficiency and strengthening self- sufficiency as the demand for sand increases.

Cooperation plays a key role in Resand's success. I have been able to see first-hand how trust, openness, and a common goal take us forward in technology development, customer work, and building international partnerships. This year, we have made substantial progress in creating new partnerships. In May, we signed a cooperation agreement with the German company Grunewald on the provision of sand regeneration services. The collaboration with Combi Wear Parts AB brought the first electric sand regenerator to the Swedish market. The long-term partnership with TechnoGuss, which began in February, strengthened our position in Europe.

In September, we appointed Roberto dos Santos, Dr.-Eng., as Executive Vice President, Market Areas, and a member of the Management Team. His extensive international experience and expertise in selling sustainable technology solutions support the achievement of our growth targets, especially in new markets.

Resand's future success is built especially on technological development, organizational development, and internationalization. I am sure that constant innovation and the courage to try new things will take us far. It is important that we keep our customers' needs at the center and develop our operating methods and products to meet the changing demands of the industry and society. I also strongly believe that a corporate culture where everyone can participate and make a difference gives rise to the best ideas and the most sustainable solutions.

Our vision is to be a leading foundry sand recycling technology company that advances the industry with innovative solutions and sets new standards for sustainability and efficiency. This goal is not easy, but I see it first and foremost as an invitation to work that matters. I strongly believe that together with our customers, partners, and the entire team, we can build a more sustainable industry and achieve our goals.

Thank you for your trust – we will continue our journey towards a cleaner future together.

Mikko Immonen, CEO, Resand Ltd