Resolution No. 01/11/2011 of the Extraordinary General Meeting of 11 bit studios

11 bit studios initiated a capital increase in late 2011 by issuing up to 500,000 Series D ordinary bearer shares to raise share capital from 187,076.10 PLN to a maximum of 237,076.10 PLN.

The company waived existing shareholders' pre-emptive rights to facilitate a private subscription aimed at attracting institutional investors for both capital and industry expertise.

The primary operational goal of the fundraising is to establish a third internal development team and fund the production and marketing of new software projects.

Management is authorized to pursue the dematerialization of the new shares and seek their admission to the New Connect Alternative Trading System on the Warsaw Stock Exchange.

The company mandates that at least 8% of annual profits must be allocated to supplementary capital until it reaches one-third of the total share capital to ensure financial stability.

The company’s broader operational scope includes game publishing, software development, and film production, governed by a structure of a General Meeting, Supervisory Board, and Management Board with three-year terms.