Corporate governance

• Date and place of establishment:
  March 7, 2007, Czech Republic.
• The branch is registered in the commercial register maintained by the Municipal Court in Prague under number 56720 with tax identification number CZK 27867102.

• Date and place of establishment:
  December 19, 2007, Spain.
• Date of registration:
  January 16, 2008.
• Tax identification number:
  ES W0601162A.

• Date and place of establishment:
  July 1, 2008, Slovak Republic.
• Date of registration in the commercial register maintained by the Municipal Court in Bratislava:
  August 6, 2008.
• Registration number:
  36859699.
• Tax identification number:
  SK4020230324.

• Date and place of establishment:
  July 31, 2008, Romania.
• Date of registration in the Business Register:
  August 4, 2008.
• Registration number:
  402030.
• Tax identification number:
  RO27187343.

• Date and place of establishment:
  April 21, 2010, French Republic.
• Date of registration in the Business Register:
  May 31, 2010.
• Registration number:
  522758689.
• Tax identification number:
  FR61522758689.

• Date and place of establishment:
  July 7, 2010, Portugal.
• Date of registration in the Business Register:
  July 7, 2010.
• Tax identification number:
  PT980436613.

• Date and place of establishment:
  September 5, 2008, Federal Republic of Germany.
• Date of registration in the Business Register:
  October 24, 2008.
• Registration number:
  HRB 84148.
• Tax identification number:
  DE266307947.

Mr. Aleksander Chłopecki is a graduate of the Faculty of Law and Administration at the University of Warsaw and the Friedrich-Wilhelms-University in Bonn, Germany, and is a Professor of Law at the University of Warsaw in the Department of Commercial Law at the Faculty of Law and Administration at the University of Warsaw. Prof. Aleksander Chłopecki has extensive knowledge acquired during his professional experience in the financial market since 1991. Since 2008, he has been the Chairman of the Court of Arbitration at the Polish Financial Supervision Authority. He is registered on the list of legal advisers and an associate of law firms. Between 1991 and 1996 he was Advisor to the Chairman of the Securities Commission. From 1997 to 2000 he was Director of the Legal Department of the Securities and Exchange Commission, and from 2001 to 2004 he was Deputy Chairman of the Securities and Exchange Commission for Legal Affairs. From 2004 to 2006 he was a member of the Management Board of the National Securities Depository S.A. and Chairman of the Supervisory Board of PZU S.A. From 2016 to 2024 he was a member of the Supervisory Board of OANDA TMS Brokers S.A.

Currently, Mr Aleksander Chłopecki is associated with the Marvipol Development Capital Group, having served as Chairman of the Supervisory Board of Marvipol Development S.A. since 2016. Aleksander Chłopecki is also a permanent arbitrator at the Arbitration Court under the General Prosecutor’s Office of the Republic of Poland. Author and co-author of most of the past and present regulations on the Polish capital market. Member of the Securities Markets Stakeholder Group (SMSG) of the advisory body of the European Securities Market Authority (ESMA) from 2011 to 2013. In accordance with his statement, Mr Aleksander Chłopecki does not conduct in any form any activity competitive to the Company, does not participate in a competitive company as a partner in a civil partnership, a partnership or as a member of an authority of a capital company, and does not participate in any other competitive legal person as a member of its authority, and is not listed in the Register of Insolvent Debtors kept pursuant to the Act on the National Court Register.

At the same time, according to the declaration submitted, Mr Aleksander Chłopecki, due to more than 30 years of professional experience in the financial market, commercial law and membership of the in supervisory boards of public companies, he meets the requirements for members of the audit committee set out in the in the Act on Statutory Auditors, Audit Firms and Public Supervision of 11 May 2017, as well as with regard to the existence of the candidate’s real and significant relations with a shareholder holding at least 5% of the total number of votes in the Company.

Ms. Katarzyna Dąbrowska started her career in 2003 in the audit department of Deloitte. From 2005 to 2015, she worked for BZWBK Asset Management and BZWBK TFI S.A. (now Santander TFI S.A.) – first as an analyst, then as a manager and stock market manager. She managed funds investing in the CEE region and Turkey. She has been recognized for her achievements by the industry’s daily newspapers – she has twice received the Parkiet – Golden Portfolio award – in 2014 and 2012, as well as the Fund of the Year title from Puls Biznesu in 2012 and 2009. She currently manages a venture capital fund – Inventures. She is a member of the Supervisory Board of Inventures’ portfolio companies – Sidly Healthcare sp. z o.o. 2019 – 2021, Napoleon sp. z o.o. 2018 – 2021, Ecommerce factory S.A. 2019 – 2024, Trustmate S.A. from 2022, Edrone sp. z o.o. from 2024. She graduated from the Poznan University of Economics in 2004 with a Master’s degree in Management and Marketing, specializing in capital investment and corporate financial strategies.

According to the submitted declaration, Katarzyna Dąbrowska does not engage in any form of competitive activity with the Company, nor does she participate in a competitive company as a partner in another competitive legal entity as a member of its body, nor is she is registered in the Register of Insolvent Debtors, maintained pursuant to the Act on the National Court Register.

Ms. Ewa Stefaniak is a graduate of the Warsaw School of Economics in accounting and controlling. She holds a certificate of qualification to keep accounting books issued by the Minister of Finance of the Republic of Poland. In 1991 – 1995 she held the position of Chief Accountant in the following companies: Kontrakt sp. z o.o., Hotel and Lodging sp. z o.o. and Contingsult sp. z o.o. From September 1996 to May 2006 she worked in ING Investment Management (Poland) S.A. as a Chief Accountant/Portfolio Controller. From September 2006 to October 2019 she worked in X-Trade Brokers Dom Maklerski S.A. (now Xtebir S.A.) as Chief Accountant. From 2008 to 2015 she was a member of the Management Board of Xtebir S.A.

According to the declaration submitted, Ewa Stefaniak does not carry out any activity in competition with the Company in any form, nor does she participate in a competitive company as a partner in a civil partnership, a partnership or as a member of the management body of a capital company, nor does she participate in any other competitive legal entity as a member of its body, nor is she regisered in the Register of Insolvent Debtors, kept pursuant to the Act on the National Court Register. At the same time, according to the declaration submitted, Ewa Stefaniak meets the requirements for members of the audit committee set forth in the Act of 11 May, 2017 on auditors, audit firms and public supervision, as well as with regard to the existence of actual and significant relations of the candidate with a shareholder holding at least 5% of the total number of votes in the company.

Mr. Bartosz Zabłocki began his professional career in 2002 at Contract Administration sp. z o.o., where he served as a brand protection specialist until 2007. From 2005 to June 2022 he was a partner at the Law Firm P. Grzelka & Partners sp. k. Since 2006, Bartosz Zabłocki has also been running his own business: “Globetroter Bartosz Zabłocki.” Since March 2021 he has been serving as a Member of the Management Board at Kamienica sp. z o.o. He graduated from the Faculty of Law and Administration at the University of Łódź. As a member of the Supervisory Board he does not meet the independence criteria specified in § 20 sec. 2 of the Statute.

Since January 2019, Mr. Grzegorz Grabowicz has been a Member of the Management Board and Chief Financial Officer at Mabion S.A. He gained knowledge and experience in management through various roles: from 1998 to 2003 he worked in the Audit Department at Deloitte; in 2003 he served as a financial controller at BFF Polska S.A. (formerly Magellan S.A.); from 2004 to 2017 he was the Chief Financial Officer and Vice President of the Management Board at BFF Polska S.A. From 2010 to 2013 he was the President of the Management Board at MEDFinance S.A. From 2007 to 2017 he was a member of the Supervisory Board of Magellan Czech Republic and Magellan Slovakia. From 2013 to 2017 he was the Chairman of the Supervisory Board at MEDFinance S.A. Mr. Grzegorz Grabowicz was a member of the Supervisory Board at Skarbiec Holding S.A. from 2014 to October 2018. From October 2017 to August 2020 he was a member of the Supervisory Board at Develia S.A. (formerly LC Corp S.A.) and from June 2018 to May 2019, he was a member of the Supervisory Board at Medicalgorithmics S.A. Since May 2020, he has been a member of the Supervisory Board at PRAGMAGO S.A. In 1998, he graduated from the University of Łódź with a Master’s degree in Management and Marketing, specializing in Accounting. In 2010, he completed a program organized by Nottingham Trent University and WSB at the University of Poznań, obtaining an EMBA (Executive Master of Business Administration) degree. Additionally, Mr. Grzegorz Grabowicz holds the qualifications of a Certified Auditor. As a member of the Supervisory Board Mr. Grabowicz he meets the independence criteria specified in § 20 sec. 2 of the Statute.

Co-founder and currently an advisor to the Management Board of Xtebir. Mr. Jakub Zabłocki began his professional career in 1997 at Gillette Poland S.A., as a financial analyst. Based on his experience in the financial sector and expertise in IT, in 2004, Mr. Jakub Zabłocki co-founded Xtebir – a company combining knowledge of technology and finance, offering innovative solutions in Poland. Xtebir started its brokerage operations on November 21, 2005, after obtaining the appropriate authorization from the Securities and Exchange Commission (currently the Polish Financial Supervision Authority – KNF), granted by the decision of November 8, 2005. From 2004 to 2014, he served as the President of the Management Board of Xtebir. From January 2011 to January 2017, he held the position of Director at the subsidiary Xtebir Limited based in the United Kingdom. From January to May 2017, Mr. Jakub Zabłocki served as the Chairman of the Supervisory Board of Xtebir. He graduated from the Faculty of Economics and Sociology at the University of Łódź.

Member of the Supervisory Board does not satisfy the independence criteria provided for in § 20, section 2 of the Articles of Association.