Ch. Charilaou Group Plc

AGM Information • Aug 9, 2021

CH. CHARILAOU GROUP PLC

9 August 2021

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 Saturday, 7 August 2021, 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 2020

The Directors' Report and the Auditors' Report were presented and the audited financial statements for the year ended 31 December 2020 were approved.

(2) Composition of the Board of Directors

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

(3) Determination of the remuneration of Directors

The remuneration of the members of the Board of Directors remains reduced to €1,000.00 per year, due to the conditions created by the Covid-19 pandemic, so that the members of the Board can also contribute to the Company's recovery.

(4) Appointment of Auditors

Moore Stylianou & Co were re-appointed auditors of the Company for the year 2021 and the Board of Directors was authorised to negotiate their fees.

Kleanthis Demosthenous Secretary