Cluj-Napoca, April 1, 2026 – AROBS Transilvania Software (BVB: AROBS), the largest entrepreneurial technology company listed on the Bucharest Stock Exchange, announces the appointment of Ștefan-Alexandru Frangulea as Group Chief Financial Officer (CFO), effective April 1, 2026. Ștefan-Alexandru Frangulea succeeds Bogdan Ciungradi, whose mandate in this role ended on March 31, 2026, following his decision to pursue a different professional path.

“The appointment of Ștefan-Alexandru Frangulea comes at a time when AROBS continues to advance its growth strategy, both through organic expansion and the integration of Group companies, as well as through expansion into international markets, in a context where the Group’s operations are becoming increasingly complex. We are confident that Ștefan-Alexandru’s extensive experience in the financial and banking sector, as well as his involvement in complex transactions, M&A processes, and organizational transformation projects, will support our growth objectives and help maintain strong financial discipline across the Group. At the same time, we thank Bogdan for his contribution to the Group’s development and wish him every success in his future endeavors,” stated Voicu Oprean, Chairman of the Board of Directors and CEO of AROBS.

Ștefan-Alexandru Frangulea brings over 20 years of experience in the financial, banking, and energy sectors and has held senior management positions within Electrica Group, where he served as Chief Financial Officer, as well as within leading financial institutions such as the European Bank for Reconstruction and Development (EBRD), BCR, and UniCredit. Throughout his career, he has been involved in structuring and implementing complex financing transactions, investment projects, listing processes, and mergers and acquisitions, while also gaining experience in cost optimization programs and organizational transformation initiatives.

“I am joining AROBS at a time of accelerated development, where the Group’s operational complexity and growth ambitions require a strong financial function, focused both on discipline and on supporting strategic decision-making. I strongly believe that the role of the finance team goes beyond control; it is an active business partner that contributes to the efficient integration of Group companies, optimal capital allocation, and greater clarity in execution. Together with the teams across the Group, I aim to further develop a sustainable growth model, based on strong governance, cross-functional collaboration, and consistent performance, strengthening AROBS’ position as a relevant international player with strong Romanian roots,” stated Ștefan-Alexandru Frangulea, CFO of AROBS.

In his new role, Ștefan-Alexandru Frangulea will be responsible for coordinating the Group’s financial strategy, including financial planning and analysis, liquidity and capital structure management, as well as supporting M&A processes and the integration of Group companies. He will also contribute to strengthening financial control mechanisms and improving operational efficiency.

In 2026, AROBS Group targets consolidated revenues of RON 552 million, up 23% compared to 2025, and an EBITDA of RON 82 million, 19% higher than the previous year, corresponding to a margin of 15%. Net profit is estimated at RON 35 million, reflecting the objective of delivering profitable growth while maintaining financial discipline and efficient resource allocation.