Resolutions of the Annual General Shareholders Meeting of VILNIAUS BALDAI AB on 22/12/2021On the 22 of December 2021 the Annual General Shareholders Meeting of VILNIAUS BALDAI AB adopted the following resolutions: Agenda item #1: Consolidated annual report. The Company‘s consolidated annual report for the FY 2021 ended 31 August 2021. Agenda item #2: Approval of the the Remuneration Report of the Company for the year 2021. Resolution: to assent to the Company's Remuneration Report, which is presented as a part of the Company's consolidated annual report for the year 2021. Agenda item #3: Company's auditor's report. The report of auditor Grant Thornton Baltic UAB for the FY 2021 ended 31 August 2021 was presented. Agenda item #4: Approval of the Consolidated and Company's financial statements for the FY 2021 ended 31 August 2021. Resolution: to approve Consolidated and Company's financial statements for the FY 2021 ended 31 August 2021. Agenda item #5: Approval of the Company‘s profit distribution. Resolution: to approve Company‘s profit distribution. (thousand EUR)
| Undistributed retained earnings, brought forward | 19.602 | | Net result for the current year | 149 | | Profit (loss) not recognized in the income statement of the reporting financial year | 116 | | Distributable result | 19.867 | | Transfers to the obligatory reserves | - | | Transfers to other reserves | - | | To be paid as dividends | - | | To be paid as annual payments (bonus) to the Board members | - | | Undistributed retained earnings, carried forward | 19.867 |
No dividend will be paid for fiscal year 2021.
Agenda item #6: Approval of the new wording of the provisions of the Audit Committee.
Resolution: to approve composition of the Audit Committee of 3 (three) members elected for a term of 4 (four) years: independent members Tomas Bubinas and Danute Kadanaite, Audit Committee members Vaidas Savukynas. To elect Tomas Bubinas, Chairman of the Audit Committee. Agenda item #7: Approval of the new wording of the provisions of the Audit Committee.
Resolution: to approve To set a rate not higher than EUR 100 per hour for a work in the Audit Committee of VILNIAUS BALDAI AB. To delegate to the Board of the Company to determine the remuneration payment procedure for the Audit Committee members. Additional information:
Chief Financial Officer
Edgaras Kabečius
Phone No.: +370 (5) 252 57 00 
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