Ovostar Union PLC

AGM Information • Jul 14, 2023

Ovostar Union Public Company Limited ("The Company")

reports results of the

Annual General Meeting of Shareholders

Nicosia, 14 July 2023

Ovostar Union Public Company Limited (the "Company") announces the results of the Annual General Meeting of Shareholders ("AGM") held at 1 Lampousas Street, 1095 Nicosia, Cyprus, on 14 July 2023 at 11:00 local time.

Present / represented shares at the meeting

Number shares present / represented at the meeting	5,191,469
Percentage of shares present / represented at the meeting	86.58%

The following resolutions proposed at the AGM were approved by the shareholders present or represented at the AGM.

RESOLUTION 1

To approve the Financial Statements of the Company for the financial year ended on December 31, 2022, and the independent auditors' report of the Company upon those financial statements.

The General Meeting resolved to approve and adopt the Financial Statements and the independent auditors' report thereon

Voting results on Resolution 1

	Hor	Against	Abstention
Number of votes validly cast	5,191,469
Percentage of votes validly cast	100.00%

RESOLUTION 2

To approve and ratify the payment of the interim dividends for the year 2022 in the amount of EUR 3.900.000,00 (three million nine hundred thousand Euro, 00 cent) distributed and paid out to the shareholders of the Company in January 2023

The General Meeting resolved to approve and ratify the payment of the interim dividends for the year 2022 in the amount of EUR 3.900.000,00 (three million nine hundred thousand Euro, 00 cent) distributed and paid out to the shareholders of the Company in January 2023.

Voting results on resolution 2

	For	Against	Abstention
Number of votes validly cast	5,191,469
Percentage of votes validly cast	100.00%

RESOLUTION 3

To transfer the net profit for the financial year 2022 in the amount of USD 6.087.000,00 (six million eighty-seven thousand USD, 00 cent) to the Company's retained earnings reserve and not to distribute dividends.

The General Meeting resolved to transfer the net profit for the financial year 2022 in the amount of USD 6.087.000,00 (six million eighty-seven thousand USD, 00 cent) to the Company's retained earnings reserve and not to distribute dividends.

Voting results on resolution 3

	For	Against	Abstention
Number of votes validly cast	5,191,469
Percentage of votes validly cast	100.00%

RESOLUTION 4

To approve the re-appointment of non-executive director Mr. Vitalii Veresenko as non-executive Director of the Company.

The General Meeting resolved to approve the re-appointment of non-executive director Mr. Vitalii Veresenko as non-executive Director of the Company.

Voting results on resolution 4

	For	Against	Abstention
Number of votes validly cast	5,191,469
Percentage of votes validly cast	100.00%

RESOLUTION 5

To fix the aggregate remuneration payable to the directors of the Company during the year ending on December 31, 2023 in the amount not exceeding EUR 500.000,00 (five hundred thousand Euro).

The General Meeting resolved to fix the aggregate remuneration payable to the directors of the Company during the year ending on December 31, 2023 in the amount not exceeding EUR 500.000,00 (five hundred thousand).

Voting results on resolution 5

	For	Against	Abstention
Number of votes validly cast	5,191,469
Percentage of votes validly cast	100.00%

RESOLUTION 6

To grant discharge to all directors of the Company from all acts of management and any liability with respect thereto during the financial year ended on December 31, 2022.

The General Meeting resolved to grant discharge to all directors of the Company from all acts of management and any liability with respect thereto during the financial year ended on December 31, 2022.

Voting results on resolution 6

	For	Against	Abstention
Number of votes validly cast	5,191,469
Percentage of votes validly cast	100.00%

RESOLUTION 7

To authorize the Board of Directors to hold a tender for the selection and appointment of the independent auditors of the Company for the Financial Year 2023 and to determine their remuneration for the year 2023.

The General Meeting resolved to authorize the Board of Directors to hold a tender for the selection and appointment of the independent auditors of the Company for the Financial Year 2023 and to determine their remuneration for the year 2023.

Voting results on resolution 7

	For	Against	Abstention
Number of votes validly cast	5.047.303	144.166
Percentage of votes validly cast	97.22%	2.78%

All resolutions come in force at the day of their adoption.

Mr Vitali Veresenko,

Chairman of the Meeting