In a two-tier management system, the Supervisory Board (“SB”) supervises the Directors in managing the Company’s business. SB members are obliged to act in the interests of the Company with the care of a conscientious and honest businessman and protect the business secrets of the Company.

Division of Duties: The SB appoints and supervises the Directors of the Company. It may review the books and other documents of the Company and demand from the Directors any type of information necessary to carry out the supervision of the Company. The SB may also convene the General Meeting (“GM”). [...]

Composition: The SB is composed of at least 3 members of which 1 is elected Chairman and 1 is elected Deputy Chairman. The Articles of Association (“AoA”) may provide for a different composition of the SB. The SB members are elected for a specific period no longer than 6 years but may be reappointed. Only a natural person with full legal capacity may be appointed SB member.

Appointment/Dismissal Competence: The SB members are elected by the GM by a simple majority. The GM may dismiss SB members before the expiration of their term with a ¾ majority.

Alternates: N/A.

As it is very rare for a Limited Liability Company to have an SB, no further information regarding the SB is provided.