Resolutions Adopted by the Ordinary General Meeting of Shareholders of 11 bit studios S.A. on June 22, 2012

The Ordinary General Meeting of 11 bit studios S.A., held on June 22, 2012, established a strategic framework for the company’s financial recovery and future expansion following the 2011 fiscal year. During this period, the company reported a net profit of 1,292,777.32 PLN, which shareholders elected to retain for the purpose of offsetting historical losses and bolstering supplementary capital. To further fuel development, the company authorized a significant capital increase through the issuance of up to 400,000 Series E shares via private subscription. These shares, priced at a minimum of 9.00 PLN each, were designated for dematerialization and subsequent listing on the Warsaw Stock Exchange’s NewConnect alternative trading system.

Beyond immediate financial restructuring, the company formalized a broad operational scope and a rigid corporate governance hierarchy. The updated Articles of Association expanded the business profile to encompass software development, game publishing, and the production of electronic equipment. Governance is structured around a Management Board and a Supervisory Board consisting of three to five members, with specific qualified majorities required for fundamental changes to the company’s business profile or share redemption.

The long-term fiscal stability of the firm is supported by a mandate to allocate at least 8% of annual net profits to supplementary capital until that reserve reaches one-third of the total share capital. By the conclusion of these proceedings, the total share capital was set to reach a maximum of 231,169.90 PLN, divided across five share series. These measures collectively transition the company from a recovery phase into a structured growth phase, supported by both public market integration and internal capital preservation policies.