Resolution No. 4/2024 of the Board of PCF Group S.A.

PCF Group S.A., headquartered in Warsaw, has formally proposed that the net loss recorded for the fiscal year ending 31 December 2023, amounting to 64 651 944,69 zł, be fully offset using the company’s reserve capital. The board’s resolution invokes the statutory provisions governing loss coverage and outlines the procedural steps required to obtain shareholder approval, emphasizing compliance with both the company’s articles of association and the Polish Commercial Companies Code.

The proposal mandates that the supervisory board evaluate the loss‑coverage request in accordance with the relevant statutory clause and subsequently present its assessment to the ordinary shareholders’ meeting. This procedural requirement ensures that the decision undergoes the necessary oversight and aligns with corporate governance standards stipulated in article 395 § 2 point 2 of the Commercial Companies Code.

The resolution becomes effective immediately upon adoption, reflecting the board’s intent to address the financial shortfall promptly. By allocating the loss to reserve capital, the company aims to preserve equity stability and maintain confidence among investors and stakeholders, while adhering to the legal framework governing loss absorption in Polish joint‑stock companies.