Legal basis:
The Article 17 item 1 of the MAR – confidential information

The Board of Directors of the Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. (Joint Stock Company) (“Issuer”, “Company”) with reference to current report No. 4/2020 of March 2, 2020, informs that today, i.e. May 21, 2020,a signed contract concluded with the Polish Agency for Industry Development (“PAID”) for the implementation of the Issuer’s project has been received at the Issuer’s headquarters under the description “Implementation of the results of R&D works for production by Zakład Budowy Maszyn “ZREMB-CHOJNICE” S.A. (Joint Stock Company) under the program “Operational Intelligent Development – Sub-measure 3.2.1 Market research”.


The purpose of this project it is to introduce to the production and sale an innovative container with self-unloading design, which is the result of own R&D works. The container, to be available in two versions, will be dedicated for transportation especially over long distances of bulk materials, e.g. chemical, agricultural, construction and the like ones.

According to the content of the contract for funding, the total cost of project implementation is PLN 5,124,180.00, and the amount of funding granted to the Issuer is PLN 1,874,700.00. The planned period of completion and eligibility of costs for the project ends on January 4, 2021.


The detailed terms and conditions of the contract in question and the risks associated with it do not differ from those commonly used in the market for this type of contract.

SIGNATURES OF THE COMPANY REPRESENTING PERSONS
Date First name and Surname Position/Function Signature
21/05/2020 Krzysztof Kosiorek-Sobolewski Chairman of the Board of Directors
21/05/2020 Marcin Garus Deputy Chairman of the Board of Directors