Botoșani | Bucharest, June 16, 2026 – Electro-Alfa International (BVB: EAI), a leading Romanian manufacturer of electrical equipment and provider of EPC and IT services, listed on the Bucharest Stock Exchange, announces the appointment of Valentina Siclovan as an independent member of the Board of Directors. The European Bank for Reconstruction and Development, acting in its capacity as a shareholder holding 5% of EAI shares, has taken up its right to nominate Valentina Siclovan as an independent board director to the Board of Electro-Alfa International. The appointment of Valentina Siclovan was approved during the Ordinary General Shareholders Meeting held on May 29, 2026.

Gheorghe Ciubotaru, Founder and Chairman of the Board of Directors of Electro-Alfa International, stated: “Valentina Siclovan’s appointment supports the continued strengthening of Electro-Alfa International’s corporate governance framework following our listing on the Bucharest Stock Exchange. Mrs. Siclovan brings extensive experience in finance and in working with international financial institutions, as well as a strong understanding of the energy sector and of the responsibilities associated with board mandates in listed companies. Her contribution will be particularly relevant as Electro-Alfa International continues its development as a public company, with financial discipline and institutional dialogue remaining closely connected to the Company’s governance practices.”

Valentina Siclovan has more than 20 years of experience in senior executive positions across both public and private sectors, complemented by 14 years of leadership experience in international financial sector. Throughout her career, she also has served on the boards of several companies and financial institutions, where she has contributed to strengthening corporate governance, financial oversight and risk management practices. She chaired Audit and Risk Committees, overseeing the financial reporting, internal control frameworks, compliance processes and the effectiveness of the risk management systems. Her extensive boardroom experience has provided her with deep expertise in governance matters, stakeholders engagement for the company’s sustainable development and strategic decision making across a broad range of industries.

Valentina Siclovan, Member of the Board of Directors of Electro-Alfa International, stated: “I am honored to join the Board of Directors of Electro-Alfa and look forward to working with my fellow directors and the management team to support the company’s development and long-term success, nationally and regionally.”

Valentina Siclovan holds a degree in Finance and Accounting from the Romanian Academy of Economic Studies and a master’s degree from Paris Dauphine University, France. She is certified financial auditor, member of the Romanian Chamber of Financial Auditors and she holds a Corporate Governance certification from INSEAD, Fontainebleau.

The mandate of Valentina Siclovan is aligned with the term of the current Board of Directors, which runs until November 3, 2029. Following this appointment, Electro-Alfa International’s Board of Directors is composed of Gheorghe Ciubotaru, Founder and Chairman of the Board, George Ciubotaru and Manuel Gosav, Vice-Chairmen of the Board, and independent members Simona Constantinescu, Valentina Siclovan, Adrian-Razvan Florea, and Marius Persinaru.

Valentina Siclovan succeeds Alexandru Arhip, Digitalization & Legal Director at Electro-Alfa International, as a member of the Board of Directors. Alexandru Arhip stepped down from his position as a Board member by mutual agreement, in line with the commitment assumed by Electro-Alfa International in the listing prospectus and will continue in his executive role within the Company. Following this appointment, Valentina Siclovan also took over the role of Chair of the Audit and Risk Committee.

Electro-Alfa International shares have been trading on the Regulated Market of the Bucharest Stock Exchange, under the ticker symbol EAI, since March 3, 2026. The company successfully completed an IPO in February 2026, attracting net proceeds of RON 544.3mn.

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About Electro-Alfa International 

Electro-Alfa International is a majority Romanian-owned company, recognized as one of the leading players in medium and low-voltage electrical equipment, EPC (Engineering, Procurement, Construction) projects, and energy efficiency solutions. With 35 years of experience and a consistent commitment to research and development, digitalization, and innovation, Electro-Alfa International is actively involved in modernizing critical infrastructure in sectors such as power distribution, railway transport, the nuclear industry, and renewable energy. The company operates four state-of-the-art production facilities covering a total area of 25,000 sqm, has its own research and development center, and collaborates with over 500 clients both nationally and internationally. By integrating production, engineering, and execution processes, Electro-Alfa International is a trusted partner for projects with a major impact on European energy infrastructure.