cyan AG with successful Annual General Meeting 2024: all agenda items
approved with great majority

EQS-News: cyan AG / Key word(s): AGM/EGM
cyan AG with successful Annual General Meeting 2024: all agenda items
approved with great majority

12.07.2024 / 14:03 CET/CEST
The issuer is solely responsible for the content of this announcement.

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cyan AG with successful Annual General Meeting 2024: all agenda items
approved with great majority


Munich, 12 July 2024 - cyan AG, a provider of intelligent cybersecurity
solutions, held its 2024 Annual General Meeting today. All items on the
agenda for resolution were approved by the shareholders with a clear
majority. In total, around 80% of the company's share capital was
represented at the virtual Annual General Meeting. In addition to the
discharge of the Management Board and Supervisory Board and the election of
the auditor, the shareholders approved the creation of new authorised
capital, cancelling the existing authorisation. Minor amendments to the
Articles of Association were also approved. The Chairman of the Supervisory
Board, Alexander Singer, also announced that the contract with Markus
Cserna, founder and CTO of cyan AG, had been extended until the end of 2027.

Alexander Singer, Chairman of the Supervisory Board of cyan AG: "We would
like to thank our shareholders for their trust and commitment. In the past
financial year, the Management Board reached an important milestone in
cyan's development by selling the BSS/OSS segment and focussing on the core
business of cybersecurity. With this step we have streamlined the Group
structure, reduced operating costs and laid the foundation for profitable
growth in the medium term. As a result, cyan is ideally positioned in an
important high growth market. I am also particularly pleased that we have
been able to extend the contract with Mr Cserna. This is an important step
for the company as we continue to drive forward the expansion of our
technology."

Thomas Kicker, CEO of cyan AG: "The support and dialogue with our investors
at the Annual General Meeting confirmed to me that we are on the right
track. Based on a growing number of end customers, we will continue to
increase recurring revenues. We are also making great progress in terms of
profitability. We look forward to working with our shareholders to make
continuous progress towards our goals."

Markus Cserna, CTO of cyan AG: "As a founder and long-standing member of the
Management Board of the cyan Group, it is of great importance to me to
continue to accompany the company's development together with my team. Our
technology solutions offer comprehensive protection against internet
threats. With the continuous expansion of our product range and consistent
technical developments, millions of end customers can fully utilise the
possibilities of the digital world. This is how we make the internet a safer
place."


Further information on the Annual General Meeting and the voting results can
be found on the company's website at:
https://ir.cyansecurity.com/publications/


About cyan
cyan AG (XETR: CYR) is a provider of intelligent cybersecurity solutions
with more than 15 years of experience in the IT industry. The company offers
IT security products for end customers of mobile and fixed network internet
providers and financial service providers. cyan's solutions are integrated
as white label products into the apps and system landscape of international
business partners, who then offer those to private and business customers
under their own brand.

In addition, cyan operates its own research and development center with the
aim of identifying trends in the industry at an early stage and developing
optimal product solutions. cyan's customers include among others the Orange
Group, the telecom group Deutsche Telekom (Magenta/T-Mobile), Claro Chile
(América Móvil Group) and dtac (Telenor Group).


More information at: www.cyansecurity.com.


cyan AG Investor Relations:
cyan AG
Phone: +49 89 71042 2073
Email: ir@cyansecurity.com

cyan AG Press contact:
Kirchhoff Consult GmbH
Phone: +49 40 60 91 86 65
Email: cyan@kirchhoff.de


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12.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        cyan AG
                   Josephspitalstraße 15
                   80331 Munich
                   Germany
   Internet:       www.cyansecurity.com
   ISIN:           DE000A2E4SV8
   WKN:            A2E4SV
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Hamburg, Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1945425

End of News EQS News Service
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1945425 12.07.2024 CET/CEST