Resolution No. 01/05/2023 of the Ordinary General Meeting of 11 bit Studios S.A.

The Ordinary General Meeting of 11 bit studios S.A., held on May 31, 2023, formalizes the company’s financial and operational performance for the 2022 fiscal year. Representing approximately 47% of the total share capital, the assembly approved financial statements reporting a net profit of 22,889,816 PLN and total assets valued at 244,197,441 PLN. A primary outcome of the meeting was the decision to allocate the entirety of the 2022 net profit to the company’s reserve capital, signaling a strategic focus on internal reinvestment and financial stability.

Governance and accountability were central to the proceedings, as shareholders granted official discharge to all members of the Management and Supervisory Boards for their performance during the 2022 period. These resolutions passed with near-unanimous support through secret ballots, confirming shareholder confidence in the leadership of President Przemysław Marszał and Chairman Radosław Marter. Furthermore, the assembly reviewed and approved the 2022 Remuneration Report and established specific compensation structures for the Audit Committee, while also setting a cap on the annual pay for Supervisory Board advisors at 50% of the board's total compensation from the previous year.

Strategic financial adjustments included the dissolution of a reserve fund previously dedicated to employee share loans. This action resulted in the transfer of 7,728,608.80 PLN in unused funds to the company’s supplementary capital. These resolutions collectively reflect a period of profitable operations and a conservative approach to capital management within the Polish game development sector, ensuring that significant liquidity remains available for future corporate initiatives.