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. 5/2020 of March 10, 2020, informs that today, i.e. May 20, 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 “Development and implementation of a design project at the company ZREMB – CHOJNICE to introduce a new product on the market – an innovative mobile kitchen” under the program “Operational Intelligent Development 2014-2020 – Sub-measure 2.3.5 Design for entrepreneurs”.

According to the content of the contract for funding, the total cost of project implementation is PLN 1,842,540.00, and the amount of funding granted to the Issuer is PLN 873,300.00. The planned period of completion and eligibility of costs for the project ends on November 30, 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 PERSONS ACTING ON BEHALF OF THE COMPANY
Date Name and Surname Position/Function Signature
2020-05-27 Krzysztof Kosiorek-Sobolewski Chairman of the Management Board
2020-05-27 Marcin Garus Deputy Chairman of the Management Board