Ch. Charilaou Group Plc

AGM Information • Sep 3, 2020

CH. CHARILAOU GROUP PLC

2 September 2020

ANNOUNCEMENT

Re: Decisions of the Annual General Meeting

The Company announces that the Annual General Meeting of the shareholders of Ch. Charilaou Group Plc, held on Wednesday, 2 September 2020, at the Company's registered office in the Industrial Area of Agia Varvara, Warehouse E', 2560 Nicosia, took the following decisions:

Decisions of the Annual General Meeting:

(1) Annual Report and Financial Statements for 2019

The Directors' Report and the Auditors' Report were presented and the audited financial statements for the year ended 31 December 2019 were approved.

(2) Structure of the Board of Directors

Mr. Kleanthis Demosthenous retired by rotation in accordance with the provisions of the Company's Articles of Association, offered himself for re-election and was reelected.

(3) Determination of the remuneration of Directors

The remuneration of the members of the Board of Directors remains the same as last year, i.e. €2,000.00 per year.

(4) Appointment of Auditors

Moore Stylianou & Co were re-appointed auditors of the Company for the year 2020 and the Board of Directors was authorised to negotiate their fees.

Kleanthis Demosthenous Secretary