Minutes of the Ordinary General Meeting — 11 bit studios S.A. (June 2015)

The Ordinary General Meeting of 11 bit studios S.A., held on June 26, 2015, established a strategic and financial roadmap for the company following a successful 2014 fiscal year. Shareholders representing 35.71% of the share capital approved financial statements reporting a net profit of 9,235,663.36 PLN and a balance sheet total of 21,515,856.70 PLN. In a move to strengthen the company’s financial position, the assembly voted unanimously to allocate the entirety of the 2014 net profit to reserve capital rather than distributing dividends.

A primary objective of the proceedings was the formalization of corporate governance and the preparation for increased market visibility. The assembly approved the transition to International Financial Reporting Standards (IFRS/IAS) effective January 1, 2015, a necessary step for the company’s planned move to the regulated market of the Warsaw Stock Exchange. To support this transition, shareholders authorized the pursuit of trading admissions for share series A through F and adopted comprehensive new regulations for General Meetings and Audit Committee operations.

Governance structures were further refined by delegating Audit Committee responsibilities to the five-member Supervisory Board, as permitted under Polish law. This mandate includes rigorous monitoring of financial reporting, internal controls, and auditor independence. The meeting concluded with the unanimous discharge of all Management and Supervisory Board members for their 2014 performance, signaling strong shareholder confidence in the company’s leadership and its strategic pivot toward more stringent reporting standards and public market expansion.