Akciju sabiedriba "VEF"

AGM Information • Jul 27, 2020

DECISIONS of Annual General Meeting of Shareholders of JSC VEF held on 27 July 2020.

DECISIONS of

Annual General Meeting of Shareholders of Joint Stock Company “VEF”

held on 27 July 2020

1. Reports of the Management Board, the Supervisory Council and statement of the Sworn auditor.

To take notice of the report of the Management Board, the report of the Supervisory Council of joint

stock company “VEF” and the statement of the sworn auditor.

Voting results: decision is taken with the required majority of votes.

2. Approval of Annual report for the year 2019.

To approve the Annual Report of joint stock company “VEF” for the year 2019 prepared by the Management

Board of joint stock company “VEF” and revised by the Supervisory Council of joint stock company “VEF”.

Voting results: decision is taken with the required majority of votes.

3. Distribution of profit for the year 2019.

The net profit of the year 2019 of joint stock company “VEF” in the amount of EUR 122 296 use to cover

losses of previous years.

Voting results: decision is taken with the required majority of votes.

4. Election of auditor and determination of the remuneration for auditor.

1) To elect SIA „Baltic Audit” (commercial company licence No.176) as auditor of the Annual Report

of joint stock company “VEF” for the year 2020.

2) To determine the remuneration for the auditor for audit of the Annual Report for the year 2020 in

the amount of 6 200 EUR, excluding VAT.

3) To assign the Management Board of Joint Stock Company “VEF” to sign the contract with the auditor

for audit of the Annual Report of joint stock company “VEF” for the year 2020.\

Voting results: decision is taken with the required majority of votes.

5. Approval of the remuneration policy for Management Board and Supervisory Council.

To approve the remuneration policy for Management Board and Supervisory Council.

Voting results: decision is taken with the required majority of votes.

Riga, July 27, 2020

The Management Board of JSC „VEF”