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Lund, Sweden - July 3, 2020 - BioInvent International AB's (publ) ("BioInvent") (OMXS:BINV) Extraordinary General Meeting (the "EGM") today resolved to approve the Board of Directors' resolution on a directed share issue of 270,782,606 new shares, authorized the Board of Directors to resolve on a preferential rights issue (repair rights issue) of a maximum of approximately 105.8 million shares to the Company's existing shareholders and elected Dr. Thomas Hecht as a new Board member.

The EGM resolved to approve the Board of Directors' previous resolution on June 9, 2020 on a directed share issue of maximum 270,782,606 shares, whereby the share capital increases by maximum SEK 21,662,608.48. For delivery technical reasons, Pareto Securities AB subscribes for all the new shares at a subscription price corresponding to shares' quota value, for immediate further transfer on behalf of the Company to the investors participated in the directed issue at a price of SEK 1.38 per share. The resolution entail that the directed issue will be completed according to plan on July 9, 2020.  

The EGM also resolved to authorize the Board of Directors to, no later than September 30, 2020, resolve on a new share issue with preferential rights for the company's shareholders of a total maximum of 105,813,041 shares to an issue price of SEK 1.38 per share, which corresponds to the share price in the directed issues resolved by the Board of Directors on June 9, 2020, in order to provide existing shareholders who have not participated in theses share issues opportunity to subscribe for shares at the same price. The Board of Directors intend to utilize the authorization during July.

Furthermore, the EGM resolved, in accordance with the Nomination Committee's and major shareholders' proposal, to increase the Board of Directors with one member through new election of Dr. Thomas Hecht as a Board member. The annual fees per Board member, as resolved by the Annual General Meeting, shall continue to apply. Fees are to be paid to incoming Board member pro rata in relation to the Board member's actual duty period.  

The minutes from the extraordinary general meeting will be available on the Company's website, www.bioinvent.com.

About BioInvent

BioInvent International AB (OMXS: BINV) is a clinical stage company that discovers and develops novel and first-in-class immuno-modulatory antibodies for cancer therapies, with two ongoing programs in Phase l/ll clinical trials for the treatment of hematological cancer and solid tumors, respectively. Two preclinical programs in solid tumors are expected to enter clinical trials by the end of 2020. The Company's validated, proprietary F.I.R.S.T™ technology platform simultaneously identifies both targets and the antibodies that bind to them, generating many promising new drug candidates to fuel the Company's own clinical development pipeline or for additional licensing and partnering.

The Company generates revenues from research collaborations and license agreements with multiple top-tier pharmaceutical companies, as well as from producing antibodies for third parties in the Company's fully integrated manufacturing unit. More information is available at www.bioinvent.com.

For further information, please contact:

Martin Welschof, CEO                               
+46 (0)46 286 85 50                                  
[email protected]                   

BioInvent International AB (publ)
Co. Reg. No. Org nr: 556537-7263
Visiting address: Sölvegatan 41
Mailing address: 223 70 LUND
Phone: +46 (0)46 286 85 50
www.bioinvent.com

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This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, United Kingdom or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

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Forward-looking statements

This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company's operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release.