Siguldas CMAS

AGM Information • Mar 22, 2021

Joint Stock Company " Siguldas ciltslietu un mākslīgās apsēklošanas stacija " Registration No. 40003013295

REPORT OF THE SUPERVISORY BOARD

General meeting of Shareholders of joint stock company "Siguldas ciltslietu un mākslīgās apsēklošanas stacija" 2020 report.

March 19, 2021 Sigulda

The Supervisory Board has reviewed the report of the Joint Stock Company 2020. The Annual Report provides complete information on the economic activities of the company. The economic activity has been performed in accordance with the financial possibilities and the technical support. The joint stock company has paid all taxes, paid full salaries to employees.

The company's net turnover in the reporting period has increased by 4.1% or by EUR 48000 more than in the previous 2019.

A report from the sworn auditor has been presented together with the annual report. The auditor has recognized that the 2020 annual report of the JSC " Siguldas ciltslietu un mākslīgās apsēklošanas stacija " provides a clear and genuine view of financial situation of the company as of 31 December 2020 and of the company's performance and cash flows.

The auditor has not identified any material discrepancies between the financial information reflected in the management report and the 2020 financial statement.

The management report sets out the company's development measures for 2021.

By increasing the efficiency of the business, the company will continue to work to expand the market size of its products and services, to ensure its competitiveness.

Supervisory Board has examined the proposal of the Management Board on the allocation of EUR 104 068 of the 2020 profit. The Supervisory Board considers that the proposal by Management Board not to use the profits for the accounting year but to pay out of previous years' profits in dividends of EUR 46 468.40, which is EUR 0.11 per share, corresponds to the current financial capabilities of joint stock company.

The Supervisory Board believes the stock company has worked well in 2020. The submitted financial statement for 2020 contains clear and truthful information on economic performance, cash flows and financial situation as of 31 December 2020.

The Supervisory Board has a proposal for the general meeting of shareholders to approve the 2020 annual report of the JSC " Siguldas ciltslietu un mākslīgās apsēklošanas stacija "

and to pay in dividends EUR 46 468.40 of the undistributed profits of the previous years, which is 0.11 EUR per share.

During 2020, the Supervisory Board has fulfilled its duties and monitored the activities of the Company in accordance with law, reviewed the financial statements. During the reporting year, five meetings of the Supervisory Board took place. The meetings reviewed the financial statements, the board's work reports, as well as the planned activities of the stock company.

The COVID-19 virus outbreak in 2020 has not significantly affected the company's operations and financial performance.

The Supervisory Board hopes that the company's operations will not be disrupted or restricted as the COVID-19pandemic continues, also in 2021.The company operates in compliance with all measures set by government for the COVID situation.

The Supervisory Board would like to thank the Board of the Company, all employees of the company and cooperation partners for the financial year that has been successful.

____ Inita Bedrīte, Chairman of the Supervisory Board
______ Maija Beča, Deputy Chairman of the Supervisory Board
______ Baiba Mecauce, Member of the Supervisory Board
______ Guntis Mecaucis, Member of the Supervisory Board
______ Jānis Tūtāns, Member of the Supervisory Board