S C Electroarges S A : Hotarari AGEA & AGOA - 31.01.2022 - versiune limba Engleza

TO: BUCHAREST STOCK EXCHANGE

THE FINANCIAL REGULATOR

Current report in accordance with: Law 24/2017 on the issuers of financial instruments and market operations and ASF Regulation no. 5/2018 on the issuers of financial instruments and market operations.

Report date: 01.02.2022

Issuer's name: Electroarges SA

Trade Register Registration Code: RO156027

Trade Register Registration Number: J03/758/1991

Share capital: 6,976,465.00 lei

Important events to report:

EGMS and OGMS Decisions - 31.01.2022

Electroarges SA informs the capital market supervisory bodies, shareholders and potential investors, that on 31.01.2022 the Electroarges SA EGMS and OGMS took place, at the first summoning, during which it was decided:

THE ELECTROARGES SA

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

DECISION NO. 113 of 31.01.2022,

Legally summoned on 31.01.2022, at 09.00, at the Company's registered office in Curtea de Arges, str. Albesti, nr.12, jud. Arges, the Electroarges SA Extraordinary General Meeting of Shareholders (the Meeting) carried out its works, at the first summoning, in accordance with the provisions of art. 115 of Law 31/1990R, Law 24/2017 and the Company's Articles of Incorporation.

The meeting was attended by 14 shareholders (6 present and 8 by correspondence), represented or by correspondence, holding a number of 48,769,347 shares, representing 69.91% of the share capital.

The shareholders registered on the Attendance List were entitled to participate and to vote in the Meeting according to the voting rights established by the Company's Register of Shareholders on the reference date 17.01.2022.

A number of 16,100,101 are shares with voting rights suspended, in accordance with the Financial Regulator Decision no. 3501/25.11.2015, Investments Constantin SRL GMS Decision no. 110/30.12.2021, the Financial Regulator Decision no. 81/2022 and the Electroarges SA Board Decision no. 264/28.01.2022.

Following the debates that took place in accordance with the provisions of Law 31/1990R and of the Company's Articles of Incorporation, the Extraordinary General Meeting of Shareholders,

DECIDES:

Art. 1. Approves by a majority of 32,668,946 "FOR" votes (voting rights), representing 99.99% of the

total of 32,669,246 votes cast (corresponding to voting shares) in the Meeting, 300 votes against and 0 abstentions:

Completing the Electroarges SA secondary business activities, with the following activities, respectively completing the list of secondary business activities from art. 6 of the Articles of Incorporation as follows:

''Art. 6. (...) Secondary activities: (...)

2016 - Manufacture of plastics in primary shapes;

2229 - Manufacture of other plastic products;

2550 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy; 2562 - Machining;

2573 - Manufacture of tools;

2824 - Manufacture of power-driven hand tools;

2932 - Manufacture of other parts and accessories for motor vehicles; 3240 - Manufacture of games and toys;

3250 - Manufacture of medical and dental instruments and supplies; 4677 - Wholesale of waste and scrap.''

• The total number of valid votes cast: 32,669,246, representing 46.83% of the share capital;
• A number of 32,668,946 FOR votes were cast, representing 99.99% of the attenting voting shares, which represent 46.83% of the share capital;
• Shareholders who voted FOR hold 99.99% of the total shares attending the meeting (including shares with voting rights suspended), respectively 69.91% of the share capital;
• The shareholders representing 0.0009% of the total attending voting shares, which represent 0.0004%

of the share capital, voted AGAINST;

• The shareholders representing 0% of the attending voting shares, which represent 0% of the share capital, ABSTAINED.

Art. 2. Approves by a majority of 32,668,946 "FOR" votes (voting rights), representing 99.99% of the total of 32,669,246 votes cast (corresponding to voting shares) in the Meeting, 300 votes against and 0 abstentions:

The extension of the credit line in the maximum amount of 18,000,000 lei, contracted from Raiffeisen Bank SA.

• The total number of valid votes cast: 32,669,246, representing 46.83% of the share capital;
• A number of 32,668,946 FOR votes were cast, representing 99.99% of the attending voting shares, which represent 46.83% of the share capital;
• Shareholders who voted FOR hold 99.99% of the total shares attending the meeting (including shares with voting rights suspended), respectively 69.91% of the share capital;
• The shareholders representing 0.0009% of the total attending voting shares, which represent 0.0004% of the share capital, voted AGAINST;
• The shareholders representing 0% of the attending voting shares, which represent 0% of the share capital, ABSTAINED.

Art. 3. Approves by a majority of 32,668,946 "FOR" votes (voting rights), representing 99.99% of the total of 32,669,246 votes cast (corresponding to voting shares) in the Meeting, 300 votes against and 0 abstentions:

That, in order to guarantee the extension of the credit facility in the amount of 18,000,000 lei, the following guarantees are constituted:

1. movable mortgage on the company's accounts (current and / or other accounts) opened with Raiffeisen Bank SA;
2. movable mortgage on the stock of raw materials, semi-finished and finished products;
3. movable mortgage on the universality of the debts;
4. Real estate mortgage on buildings located in Curtea de Arges, str. Albesti, nr. 12, jud. Arges, the property of Electroarges SA, as follows:
5. • land within the built-up area - buildings and adjoining areas with an area of 1,555 square meters and the construction C1 built on it, having Land Register no. 81264, registered in the Land Book no. 81264 of Curtea de Arges;
   • land within the built-up area - buildings and adjoining areas with an area of 1,152 square meters and the constructions C1, C2 and C3 built on it, having Land Register no. 81267, registered in the Land Book no. 81267 of Curtea de Arges;

• • land within the built-up area - buildings and adjoining areas with an area of 4,992 square meters and the constructions C1, C2 built on it, having Land Register no. 81265, registered in the Land Book no. 81265 of Curtea de Arges;
  • land within the built-up area - buildings and adjoining areas with an area of 1,411 square meters and the constructions C1, C3 built on it, having Land Register no. 81268, registered in the Land Book no. 81268 of Curtea de Arges;
  • • land within the built-up area - buildings and adjoining areas with an area of 366 square meters and the construction C1 built on it, having Land Register no. 81266, registered in the Land Book no. 81266 of Curtea de Arges;
    • land within the built-up area - buildings and adjoining areas with an area of 3,490 square meters and constructions C1, C2 built on it, having Land Register no. 81269, registered in the Land Book no. 81269 of Curtea de Arges;
    • land within the built-up area - buildings and adjoining areas with an area of 8,666 square meters and the constructions C1, C2, C3 built on it, having Land Register no. 81272, registered in the Land Book no. 81272 of Curtea de Arges;
    • land within the built-up area - buildings and adjoining areas with an area of 741 square meters and the constructions C1 and C3 built on it, having Land Register no. 81270, registered in the Land Book no. 81270 of Curtea de Arges;
    • land within the built-up area - buildings and adjoining areas with an area of 3,687 square meters and the constructions C1, C2, C3, C4, C5, C6, C7, C8 built on it, having Land Register no. 81273, registered in the Land Book no. 81273 of Curtea de Arges;
    • land within the built-up area - buildings and adjoining areas with an area of 39,433 square meters and the constructions C1, C2, C4, C9, C11, C12, C21, C23, C24, C28, C29, C30, C31, C33 built on it, having Land Register no. 81271, registered in the Land Book no. 81271 of Curtea de Arges;
• The total number of valid votes cast: 32,669,246, representing 46.83% of the share capital;
• A number of 32,668,946 FOR votes were cast, representing 99.99% of the attending voting shares, which represent 46.83% of the share capital;
• Shareholders who voted FOR hold 99.99% of the total shares attending the meeting (including shares with voting rights suspended), respectively 69.91% of the share capital;
• The shareholders representing 0.0009% of the total attending voting shares, which represent 0.0004% of the share capital, voted AGAINST;
• The shareholders representing 0% of the attending voting shares, which represent 0% of the share capital, ABSTAINED.

Art. 4. Approves by a majority of 32,668,946 "FOR" votes (voting rights), representing 99.99% of the total of 32,669,246 votes cast (corresponding to voting shares) in the Meeting, 300 votes against and 0 abstentions:

That, until the date of settlement of all the obligations assumed by the company towards the bank, through the credit facility contracts, the company undertakes to follow the contractual clauses.

• The total number of valid votes cast: 32,669,246, representing 46.83% of the share capital;
• A number of 32,668,946 FOR votes were cast, representing 99.99% of the attending voting shares, which represent 46.83% of the share capital;
• Shareholders who voted FOR hold 99.99% of the total shares attending the meeting (including shares with voting rights suspended), respectively 69.91% of the share capital;
• The shareholders representing 0.0009% of the total attending voting shares, which represent 0.0004% of the share capital, voted AGAINST;
• The shareholders representing 0% of the attending voting shares, which represent 0% of the share capital, ABSTAINED.

Art. 5. Approves by a majority of 32,668,946 "FOR" votes (voting rights), representing 99.99% of the total of 32,669,246 votes cast (corresponding to voting shares) in the Meeting, 300 votes against and 0 abstentions:

Mandating the Chairman of the Board of Directors and/or the Vice-Chairman and/or the Economic Adviser and/or the Financial Manager, to sign on behalf of and for the company the credit facility contract, the real estate mortgage contract, the movable mortgage contract on the accounts, the debt assignment contract, the movable mortgage contracts adjacent to the credit facilities, the additional documents for the extension of the facility, as well as any other documents/statements necessary for these documents to validly engage the company in these operations.

• The total number of valid votes cast: 32,669,246, representing 46.83% of the share capital;
• A number of 32,668,946 FOR votes were cast, representing 99.99% of the attending voting shares, which represent 46.83% of the share capital;
• Shareholders who voted FOR hold 99.99% of the total shares attending the meeting (including shares with voting rights suspended), respectively 69.91% of the share capital;
• The shareholders representing 0.0009% of the total attending voting shares, which represent 0.0004% of the share capital, voted AGAINST;
• The shareholders representing 0% of the attending voting shares, which represent 0% of the share capital, ABSTAINED.

Art. 6. Approves by a majority of 32,668,946 "FOR" votes (voting rights), representing 99.99% of the total of 32,669,246 votes cast (corresponding to voting shares) in the Meeting, 300 votes against (of shareholder Stoicescu Daniel-Silviu)and 0 abstentions:

Mandating the Economic Advisor and/or the Financial Manager to sign on behalf of and for the company any document related to the use of the facility granted by Raiffeisen Bank SA.

• The total number of valid votes cast: 32,669,246, representing 46.83% of the share capital;
• A number of 32,668,946 FOR votes were cast, representing 99.99% of the attending voting shares,